Indonesia ‘Bubble’ Won’t Apply to Banks, Goldman Says (Update1)
(Bloomberg) -- The outlook for Indonesia’s banking stocks remains positive as the central bank’s warning of a bubble in the nation’s stock market shouldn’t deter investors, Goldman Sachs Group Inc. said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=avacK.QXLQy8
US Dollar/Indonesian Rupiah (USDIDR) -100
Trading down -4 (-0.04%) at 8928. Chart confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
http://www.ino.com/
S&P Sees Benchmark Index Hitting 1270—After a Correction
Standard & Poor's has raised the price target for its benchmark index even though the firm thinks stocks are overdue for a 10 percent drop.
http://www.cnbc.com/id/36258768
Earnings Season Will Be Better Than Expected: Art Hogan
Stocks gained Friday as commodity prices rose, but still remained below the Dow 11,000 benchmark. Art Hogan, director at Jefferies, shared his market outlook.
http://www.cnbc.com/id/36315891
Everyone's Bullish! Now It's Really Time to Freak Out
Stocks rallied Friday as concerns waned about Greece defaulting on its debt. With the Dow Jones Industrial Average on the verge of surpassing 11,000 for the first time in 18 months, the bulls are winning -- for now.
http://finance.yahoo.com/tech-ticker/everyone%27s-bullish!-now-it%27s-really-time-to-freak-out-464042.html;_ylt=AmBQ.6bBYLq66Fr6KDKJI_K7YWsA;_ylu=X3oDMTE2bWZucjMxBHBvcwMxMQRzZWMDdG9wU3RvcmllcwRzbGsDZXZlcnlvbmVzYnVs?tickers=^gspc,^dji,dia,spy,cvx,tlt,vlo&sec=topStories&pos=9&asset=&ccode=
Buy-and-Hold Might Be Dead For Stocks—But Not Bonds
Buy and hold may be dying as a stocks strategy, but it's gaining new favor for those in the bond market.
http://www.cnbc.com/id/36266789
2 Energetic Stocks In This Tired Market
A growing number of investors are starting to worry that the rally is getting tired.
http://www.cnbc.com/id/36280764
Art Cashin: 30-Year Auction Conspiracy Theories
After a weak start Thursday, stocks started gaining ground. Art Cashin, director of floor operations at UBS Financial Services, offered his insights to CNBC.
http://www.cnbc.com/id/36305797
Which Fed Members Move Markets Most?
The envelope, please! Who do you listen to? When do they move markets? And do they move them up or down?
http://www.cnbc.com/id/36278828
Investor 'Does Not Have Faith' In the Stock Market: Siebert
Wall Street veteran Muriel Siebert has seen her share of downturns, yet none has been quite like this.
http://www.cnbc.com/id/36315756
Emerging Stocks Advance to 20-Month High as Fund Inflows Surge
(Bloomberg) -- Developing-nation stocks climbed, sending the benchmark index to a 20-month high, as emerging- market equity funds had the biggest inflows in six months and investors speculated on a bailout to avert a Greek default.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ar.soEzTLuoI
Soros Says U.S. Has Probably Struck Deal With China on Yuan
(Bloomberg) -- Billionaire investor George Soros said China and the U.S. have probably come to an agreement on the yuan amid speculation the currency’s 21-month-old peg to the dollar may be scrapped.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a29G0CQIhHmw
Emerging Stock Inflows at Six-Month High, EPFR Says (Update1)
(Bloomberg) -- Emerging-market equity funds attracted the most net inflows in six months amid a strengthening global economic recovery, EPFR Global said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5tk9OkedVfA
Reserve Managers Are ‘New Commodity-Currency Kings,’ UBS Says
(Bloomberg) -- Reserve managers are becoming the “new commodity currency kings” as near-zero interest rates in the U.S., Japan and Europe boost demand for the foreign exchange of Australia and Canada, which benefit from emerging-market growth, UBS AG said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTqJDMzNVKTs
Yuan Gains Would Help Palm Oil Exports, Growers Say (Update3)
(Bloomberg) -- A decision by China to allow its currency to appreciate may help to boost exports of palm oil from Indonesia to the world’s fastest-growing major economy by at least 21 percent, according to a producers’ association.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aa0SBQmIPILA
Obama Rallies Markets With Policies That Resemble Rubinomics
(Bloomberg) -- It’s never easy to separate politics from policy, and the past 18 months have only increased the degree of difficulty. The U.S. has been through a historic financial crisis followed by a historic election and a series of historic federal gambles -- from bailing out American International Group Inc. and General Motors Co. to passing a $787 billion stimulus and a $940 billion health-care reform bill. All that risk has made policy more complicated and politics more fraught.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSN9aNcP43mw
Want to Be Successful? Think Like a Drug Dealer
You have to love a book that says, “Most business books give you the same old advice: Write a business plan, study the competition, seek investors, yadda yadda. If you’re looking for a book like that, put this one on the shelf.”
http://www.cnbc.com/id/36234255
Friday, April 9, 2010
Top Pick 11 & IHSG Outlook 09-04-2010
Masih berada dalam uptrend channel dengan support channel di 2.805, menunjukkan pola daily long black opening marubozu; stochastic overbought.IHSG saat ini berada dalam koreksi abc dalam 4 untuk proses 5/5) (sesuai dengan E.W DJIA di 4/5). Trading Buy 2.838 & buy breakout 2.875 target 2.936/2.965 stop 20p. Closed Hold sell IHSG di 2.910-2.917 target 2.850 = + 63 point Buy 11 stocks, Risk 3.5%, Reward >10%. Disclaimer on. Track Record 7 Recommendations: (+20p+45p+73p+53+60p+45p+63p). P = Point.
Thursday, April 8, 2010
Update Daily Investment News
Indonesia Stocks in Bubble, Central Bank Study Shows (Update4)
(Bloomberg) -- Indonesia’s stocks are in a bubble and officials are prepared to put controls on capital inflows if needed to maintain financial stability, the head of the central bank’s economic research and monetary policy division said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0n1nuE99Lgw
Asean May Need to Manage Capital Inflows, IMF Says (Update3)
(Bloomberg) -- Southeast Asian nations may need to manage excessive short-term capital inflows to avoid destabilizing the region’s economic recovery, the International Monetary Fund said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahwzzKSNwBxM
10 Reasons to Stay Bullish -- Part 3
Over the next several quarters, you're going to witness the best earnings cycle you've ever seen. It's the antithesis of the perfect storm that slammed the credit markets in 2008 -- this time all of the critical variables are turning positive. The equation goes something like this: Apply lean-to-the-bone operating structures to an economic upturn, then factor in reduced supply, and the net result will be a knock-your-socks-off earnings explosion.
http://finance.yahoo.com/news/10-Reasons-to-Stay-Bullish-tsmp-334105843.html?x=0&.v=1
China Futures May Challenge U.S. as Busiest Market (Update1)
Share Business ExchangeTwitterFacebook| Email | Print | A A A
(Bloomberg) -- China’s increased trading in equities from index futures will help the nation challenge the U.S. as the world’s busiest stock market, according to Guotai Junan Securities Co. and HSBC Jintrust Fund Management Co.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3oLlnUZ2Dow
North Asia Stocks May Soon Outperform Asean, Credit Suisse Says
(Bloomberg) -- North Asia’s stocks may soon post better returns than markets in the Association of Southeast Asian Nations after a year of underperformance reduced valuations, according to Credit Suisse Group AG.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aDGdarg7qwYc
Breakout Marks Bullish Move For Stocks
You've seen this phrase pop up again and again in IBD: "The stock broke out."
If you're new to investing, that might leave you wondering exactly what's meant by a "breakout."
http://finance.yahoo.com/news/Breakout-Marks-Bullish-Move-ibd-1624913106.html?x=0&.v=1
ISI’s DeGraaf Sees Setback for U.S. Stocks: Technical Analysis
(Bloomberg) -- The Standard & Poor’s 500 Index may fall as low as 1,150 this quarter before resuming the advance that pushed it to an 18-month high on April 6, said Jeffrey deGraaf, a top-ranked technical analyst.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKQe4eEuLjJY
Taiwan Stocks Indicator ‘Losing Its Mojo’: Technical Analysis
(Bloomberg) -- A Taiwan equities momentum indicator is “losing its mojo,” suggesting investors may soon become net sellers, according to Citigroup Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBvDiXyXHPwc
Philippine Peso May Extend Rally by 1.9%: Technical Analysis
(Bloomberg) -- The Philippine peso, Asia’s fourth- best performing currency in the past three months, may gain 1.9 percent by the end of June after rising beyond a major technical level, said Okasan Securities Co.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=altnv85p8BZ0
Emerging Market Debt Soars on Growth Forecasts: Credit Markets
(Bloomberg) -- Emerging-market bonds, with returns four times those of U.S. corporate debt, are extending their lead on signs that developing nations are growing faster than the world’s biggest economies.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a13tgEsHqt54
Euro May Tumble to Lowest in Year, UBS Says: Technical Analysis
(Bloomberg) -- The euro may fall to its weakest against the dollar in almost 12 months if it declines below a level it touched in March, according to UBS AG, the world’s second-largest foreign-exchange trader.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aP8dinryZ21s
Euro to Fall Versus Swiss Franc Even as SNB Buys, Barclays Says
(Bloomberg) -- The euro may fall further against the franc even as the Swiss National Bank likely intervened last week to buy euros and constrain the local currency’s gain, Barclays Capital said, citing technical indicators.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ak4d93WDOGNg
Shouldn’t The Sell-Off Be Much Worse?
The market had every reason to sell-off recently. We had renewed worries about Greece, a higher dollar, and Treasury auctions.
http://www.cnbc.com/id/36221287
Why the Averages Are Lying
The averages on Wednesday told a much different story than the one that Cramer’s hearing from the economy. While the Dow lost 72 points, presumably because of unenthusiastic statements from Ben Bernanke, the Mad Money host pointed to a slew of data points that just may contradict the Fed chief.
http://www.cnbc.com/id/36230309
Four Ways to Play Emerging Markets: It's Not Just Stocks
Emerging markets still will provide value to investors—but not necessarily through their stock markets, strategists at Barclays Wealth Management said Wednesday.
http://www.cnbc.com/id/36226359
Oil Prices Heading Towards $99: Charts
NYMEX crude futures are heading towards $99 per barrel, said chartist Ray Barros, CEO of Barros Trading Group.
http://www.cnbc.com/id/36252460
South Korean ‘Bull Market’ to Run Another 20%, Mirae Asset Says
(Bloomberg) -- South Korea’s “bull market” will boost the benchmark stock index by as much as 20 percent this year on earnings growth driven by exports, according to Mirae Asset Global Investments Co.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNbZRGuo8NQc
China on ‘Treadmill to Hell’ Amid Bubble, Chanos Says (Update1)
(Bloomberg) -- China’s property market is a bubble that may burst by as early as this year, according to hedge fund manager James Chanos.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=an0ehK2dtdXg
China Will Eventually Allow Yuan to Gain, Rogers Says (Update2)
(Bloomberg) -- China will eventually allow its currency to appreciate because a strong yuan will help the world’s fastest-growing economy to fight inflation, said investor Jim Rogers, author of “A Bull in China.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aMude83.PO2E
‘Risk Trades’ Resilient, Not Impervious to Greece, RBS Says
(Bloomberg) -- Emerging market and commodity currencies should keep outperforming the dollar, the euro, the yen and the pound unless sovereign-debt concern about Greece deepens or spreads, said Royal Bank of Scotland Group Plc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_1qaRFM7hTM
(Bloomberg) -- Indonesia’s stocks are in a bubble and officials are prepared to put controls on capital inflows if needed to maintain financial stability, the head of the central bank’s economic research and monetary policy division said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0n1nuE99Lgw
Asean May Need to Manage Capital Inflows, IMF Says (Update3)
(Bloomberg) -- Southeast Asian nations may need to manage excessive short-term capital inflows to avoid destabilizing the region’s economic recovery, the International Monetary Fund said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahwzzKSNwBxM
10 Reasons to Stay Bullish -- Part 3
Over the next several quarters, you're going to witness the best earnings cycle you've ever seen. It's the antithesis of the perfect storm that slammed the credit markets in 2008 -- this time all of the critical variables are turning positive. The equation goes something like this: Apply lean-to-the-bone operating structures to an economic upturn, then factor in reduced supply, and the net result will be a knock-your-socks-off earnings explosion.
http://finance.yahoo.com/news/10-Reasons-to-Stay-Bullish-tsmp-334105843.html?x=0&.v=1
China Futures May Challenge U.S. as Busiest Market (Update1)
Share Business ExchangeTwitterFacebook| Email | Print | A A A
(Bloomberg) -- China’s increased trading in equities from index futures will help the nation challenge the U.S. as the world’s busiest stock market, according to Guotai Junan Securities Co. and HSBC Jintrust Fund Management Co.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3oLlnUZ2Dow
North Asia Stocks May Soon Outperform Asean, Credit Suisse Says
(Bloomberg) -- North Asia’s stocks may soon post better returns than markets in the Association of Southeast Asian Nations after a year of underperformance reduced valuations, according to Credit Suisse Group AG.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aDGdarg7qwYc
Breakout Marks Bullish Move For Stocks
You've seen this phrase pop up again and again in IBD: "The stock broke out."
If you're new to investing, that might leave you wondering exactly what's meant by a "breakout."
http://finance.yahoo.com/news/Breakout-Marks-Bullish-Move-ibd-1624913106.html?x=0&.v=1
ISI’s DeGraaf Sees Setback for U.S. Stocks: Technical Analysis
(Bloomberg) -- The Standard & Poor’s 500 Index may fall as low as 1,150 this quarter before resuming the advance that pushed it to an 18-month high on April 6, said Jeffrey deGraaf, a top-ranked technical analyst.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKQe4eEuLjJY
Taiwan Stocks Indicator ‘Losing Its Mojo’: Technical Analysis
(Bloomberg) -- A Taiwan equities momentum indicator is “losing its mojo,” suggesting investors may soon become net sellers, according to Citigroup Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBvDiXyXHPwc
Philippine Peso May Extend Rally by 1.9%: Technical Analysis
(Bloomberg) -- The Philippine peso, Asia’s fourth- best performing currency in the past three months, may gain 1.9 percent by the end of June after rising beyond a major technical level, said Okasan Securities Co.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=altnv85p8BZ0
Emerging Market Debt Soars on Growth Forecasts: Credit Markets
(Bloomberg) -- Emerging-market bonds, with returns four times those of U.S. corporate debt, are extending their lead on signs that developing nations are growing faster than the world’s biggest economies.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a13tgEsHqt54
Euro May Tumble to Lowest in Year, UBS Says: Technical Analysis
(Bloomberg) -- The euro may fall to its weakest against the dollar in almost 12 months if it declines below a level it touched in March, according to UBS AG, the world’s second-largest foreign-exchange trader.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aP8dinryZ21s
Euro to Fall Versus Swiss Franc Even as SNB Buys, Barclays Says
(Bloomberg) -- The euro may fall further against the franc even as the Swiss National Bank likely intervened last week to buy euros and constrain the local currency’s gain, Barclays Capital said, citing technical indicators.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ak4d93WDOGNg
Shouldn’t The Sell-Off Be Much Worse?
The market had every reason to sell-off recently. We had renewed worries about Greece, a higher dollar, and Treasury auctions.
http://www.cnbc.com/id/36221287
Why the Averages Are Lying
The averages on Wednesday told a much different story than the one that Cramer’s hearing from the economy. While the Dow lost 72 points, presumably because of unenthusiastic statements from Ben Bernanke, the Mad Money host pointed to a slew of data points that just may contradict the Fed chief.
http://www.cnbc.com/id/36230309
Four Ways to Play Emerging Markets: It's Not Just Stocks
Emerging markets still will provide value to investors—but not necessarily through their stock markets, strategists at Barclays Wealth Management said Wednesday.
http://www.cnbc.com/id/36226359
Oil Prices Heading Towards $99: Charts
NYMEX crude futures are heading towards $99 per barrel, said chartist Ray Barros, CEO of Barros Trading Group.
http://www.cnbc.com/id/36252460
South Korean ‘Bull Market’ to Run Another 20%, Mirae Asset Says
(Bloomberg) -- South Korea’s “bull market” will boost the benchmark stock index by as much as 20 percent this year on earnings growth driven by exports, according to Mirae Asset Global Investments Co.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNbZRGuo8NQc
China on ‘Treadmill to Hell’ Amid Bubble, Chanos Says (Update1)
(Bloomberg) -- China’s property market is a bubble that may burst by as early as this year, according to hedge fund manager James Chanos.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=an0ehK2dtdXg
China Will Eventually Allow Yuan to Gain, Rogers Says (Update2)
(Bloomberg) -- China will eventually allow its currency to appreciate because a strong yuan will help the world’s fastest-growing economy to fight inflation, said investor Jim Rogers, author of “A Bull in China.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aMude83.PO2E
‘Risk Trades’ Resilient, Not Impervious to Greece, RBS Says
(Bloomberg) -- Emerging market and commodity currencies should keep outperforming the dollar, the euro, the yen and the pound unless sovereign-debt concern about Greece deepens or spreads, said Royal Bank of Scotland Group Plc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a_1qaRFM7hTM
Top Picks & IHSG Outlook 08/04/2010
IHSG
Masih berada dalam uptrend channel dengan support channel di 2.810, menunjukkan pola daily candle inverted hammer & stochastic overbought = Hold sell IHSG di 2.910-2.917 target 2.850 stop 20 point. Buy on weakness 8 stocks. Risk 5%, Reward >10%. Disclaimer on.
Masih berada dalam uptrend channel dengan support channel di 2.810, menunjukkan pola daily candle inverted hammer & stochastic overbought = Hold sell IHSG di 2.910-2.917 target 2.850 stop 20 point. Buy on weakness 8 stocks. Risk 5%, Reward >10%. Disclaimer on.
Wednesday, April 7, 2010
Update Daily Investment News
The Dow's Resistance Point Now: Technical Analysis
Financial stocks gained and homebuilders fell Tuesday as the Dow slipped back from its march toward 11,000. What's next? Steve Grasso of Stuart Frankel offered his market insights to CNBC.
http://www.cnbc.com/id/36199796
Expect Dow 12,000 by Year-End
Stocks prices have enjoyed a lot of help in recent months.
A moderate recovery -- 3% GDP growth expected this year and next -- and more robust growth in Asia are good for the profits of large U.S. multinationals.
http://finance.yahoo.com/news/Expect-Dow-12000-by-tsmf-3448088228.html?x=0&.v=2
Get Ready for Stocks to Fall: Analyst's Toolkit
BOSTON (TheStreet) -- Most investors realize that diversification can help mitigate risk and improve returns, but many fail to monitor this critical part of managing their portfolios.
http://finance.yahoo.com/news/Get-Ready-for-Stocks-to-Fall-tsmf-1589819672.html?x=0&.v=1
S&P 500 Earnings Should Jump
NEW YORK (TheStreet) -- Earnings season for the S&P 500 companies will begin next week with the bulk of the earnings reports arriving in the coming weeks. S&P 500 earnings per share (EPS) are expected to be $17.17 for the first quarter, which would be a 38% increase year over year. This large year over year expected earnings increase is a function of multiple factors:
http://finance.yahoo.com/news/SP-500-Earnings-Should-tsmf-1305030054.html?x=0
Sports Betting Hedge Fund Becomes Reality
Five and a half years ago, Dallas Mavericks owner Mark Cuban caused quite a stir when he announced on his blog his intentions to launch a sports betting hedge fund. Cuban argued that betting on sports, due to the amount of information available, was much easier than betting on the stock market.
http://www.cnbc.com/id/36218041
Market Headwinds if Liberals Win 2010 Elections: Strategist
British Prime Minister Gordon Brown said he was dissolving Parliament and set a May 6 date for national elections. How does this news translate for the U.S.? Jeffrey Saut, chief investment strategist at Raymond James, shared his views.
http://www.cnbc.com/id/36192859
Schork Oil Outlook: EIA Revisions Strangle Short-Term Trading
Energy prices were mixed yesterday. The liquids maintained Monday’s gains, but could not parlay them any higher. With a lack of macro releases this week, traders will be looking very closely at today’s DOE numbers. The crowd is looking for a 1.4 MMbbl build in crude oil, while last night the API reported a 1.1 MMbbl build. Meanwhile, natural gas gave up almost all of Monday’s gains — so much for the comeback…
http://www.cnbc.com/id/36219874
Yoshikami: The Gloom Bubble Bursts
As the DOW marches towards 12,000 and the voices predicting financial collapse fade, does this mean the gloom bubble has finally burst? Was the perspective of being overly negative simply incorrect? It's an important question and the answer is equally important.
http://www.cnbc.com/id/36216304
Euro Stoxx 50 Doji Suggests Shares May Drop: Technical Analysis
(Bloomberg) -- The Euro Stoxx 50 Index has formed a “long-legged Doji” pattern that indicates the benchmark gauge for euro-region equities may be poised for a retreat in the short term, according to an Exane BNP Paribas technical analyst.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=asaDUJI4pByw
Crude Oil Poised to Break $100 by September: Technical Analysis
(Bloomberg) -- Crude oil is poised to rise above $100 a barrel as soon as September after breaking out of a six- month trading range, according to a technical analysis by Lind- Waldock, a division of MF Global Inc. in Chicago.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKWGq9ZX9TDg
U.S. 10-Year Notes May Draw Buyers at 4.01%: Technical Analysis
(Bloomberg) -- Treasury 10-year notes may draw buyers as yields climb toward 4.01 percent, according to Daiwa Asset Management Co., citing trading patterns.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atjQY1QlquS0
White Sugar Falls as Technical Signals Show Scant Hint of Gains
(Bloomberg) -- White sugar fell in London as technical signals gave little indication that prices are poised to rebound from this year’s 36 percent drop.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8AXn4.ctvtE
Israel Stocks to See Foreigners Exit on MSCI Move, Citi Says
(Bloomberg) -- Emerging market investors are trimming holdings of Israeli shares before the nation is included in the developed-market group next month at MSCI Inc., according to Citigroup Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aotv9GhGfKS8
PMorgan Fund Bets on U.S. Rail Companies, Follows Buffett
(Bloomberg) -- JPMorgan Chase & Co.’s railway fund is betting on U.S. freight companies such as Union Pacific Corp., CSX Corp. and Norfolk Southern Corp., following Warren Buffett’s decision to take over Burlington Northern Santa Fe Corp.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aESYa8xei_b4
Oil Extends Drop After Inventories Increase More Than Forecast
(Bloomberg) -- Crude oil futures extended declines after a U.S. government report showed a bigger-than-forecast increase in inventories.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0PA_WlQZCHI
East Asia Exit Strategies May Be Premature, World Bank Says
(Bloomberg) -- East Asian economies have emerged stronger from the global crisis and may experience “rapid growth” in coming years, the World Bank said, adding it’s still premature for many nations to withdraw the fiscal stimulus that has helped mitigate the effects of the slowdown.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aei5YZLFEJVY
Rice Output May Drop in Thailand on Drought, FAO Says (Update2)
(Bloomberg) -- Rice production in Thailand and Vietnam, the two largest exporters, may be hurt by drier-than- normal weather that’s parched farms and cut water levels in the Mekong River, according to the Food and Agriculture Organization.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aD_m1k50SAtE
A Financial 9/11: How the Wall Street Crash Changed America Forever
In The End of Wall Street, noted author and financial journalist Roger Lowenstein argues the crisis of 2008 marked more than just the end of Lehman Brothers, Bear Stearns, Washington Mutual and a host of other firms.
http://finance.yahoo.com/tech-ticker/a-financial-911-how-the-wall-street-crash-changed-america-forever-462274.html;_ylt=AtfkSs_io_3UmvuF.1y6ze27YWsA;_ylu=X3oDMTE2YnVpZzBkBHBvcwMxMgRzZWMDdG9wU3RvcmllcwRzbGsDYWZpbmFuY2lhbDkx?tickers=XLF,FNM,GS,JPM,MS,BAC,C&sec=topStories&pos=9&asset=&ccode=
Lowenstein: Thanks to Greenspan and Bernanke, The Next Crisis Could Be "Even Scarier"
Alan Greenspan is on Capitol Hill today testifying in front of the Financial Crisis Inquiry Commission. The former Federal Reserve Chairman Alan Greenspan has come under increased scrutiny for his failure to anticipate the housing bubble. Roger Lowenstein, author of The End of Wall Street, says the criticism is deserved.
http://finance.yahoo.com/tech-ticker/lowenstein-thanks-to-greenspan-and-bernanke-the-next-crisis-could-be-%22even-scarier%22-462348.html;_ylt=AnKhN3ij8cBMZNdTrdY6Isy7YWsA;_ylu=X3oDMTE1azdpaW0yBHBvcwMzBHNlYwN0b3BTdG9yaWVzBHNsawNsb3dlbnN0ZWludGg-?tickers=^dji,^GSPC,XLF,spy,FAZ,tbt,uup&sec=topStories&pos=1&asset=&ccode=
This Option Is the Fastest Way to Get MoneyThe Opportunity
International money remittances are down, as the United States struggles with a high unemployment rate and tentative economic recovery. But unless you believe that immigrant workers will cease to play as big of a role in the U.S. economy and, further, that they will cease to send money back to their home countries, money transfer specialist Western Union (NYSE:WU - News) looks like a good bet for a pay-me-now-style, sell-bullish option strategy.
http://finance.yahoo.com/news/This-Option-Is-the-Fastest-ms-1649961648.html;_ylt=AqecHHKP_i_Q5b1mhmdDj5mWba9_;_ylu=X3oDMTFkcW43b21jBHBvcwMzBHNlYwNuZXdzSHViQXJ0aWNsZUxpc3QEc2xrA3RoaXNvcHRpb25pcw--?x=0
Financial stocks gained and homebuilders fell Tuesday as the Dow slipped back from its march toward 11,000. What's next? Steve Grasso of Stuart Frankel offered his market insights to CNBC.
http://www.cnbc.com/id/36199796
Expect Dow 12,000 by Year-End
Stocks prices have enjoyed a lot of help in recent months.
A moderate recovery -- 3% GDP growth expected this year and next -- and more robust growth in Asia are good for the profits of large U.S. multinationals.
http://finance.yahoo.com/news/Expect-Dow-12000-by-tsmf-3448088228.html?x=0&.v=2
Get Ready for Stocks to Fall: Analyst's Toolkit
BOSTON (TheStreet) -- Most investors realize that diversification can help mitigate risk and improve returns, but many fail to monitor this critical part of managing their portfolios.
http://finance.yahoo.com/news/Get-Ready-for-Stocks-to-Fall-tsmf-1589819672.html?x=0&.v=1
S&P 500 Earnings Should Jump
NEW YORK (TheStreet) -- Earnings season for the S&P 500 companies will begin next week with the bulk of the earnings reports arriving in the coming weeks. S&P 500 earnings per share (EPS) are expected to be $17.17 for the first quarter, which would be a 38% increase year over year. This large year over year expected earnings increase is a function of multiple factors:
http://finance.yahoo.com/news/SP-500-Earnings-Should-tsmf-1305030054.html?x=0
Sports Betting Hedge Fund Becomes Reality
Five and a half years ago, Dallas Mavericks owner Mark Cuban caused quite a stir when he announced on his blog his intentions to launch a sports betting hedge fund. Cuban argued that betting on sports, due to the amount of information available, was much easier than betting on the stock market.
http://www.cnbc.com/id/36218041
Market Headwinds if Liberals Win 2010 Elections: Strategist
British Prime Minister Gordon Brown said he was dissolving Parliament and set a May 6 date for national elections. How does this news translate for the U.S.? Jeffrey Saut, chief investment strategist at Raymond James, shared his views.
http://www.cnbc.com/id/36192859
Schork Oil Outlook: EIA Revisions Strangle Short-Term Trading
Energy prices were mixed yesterday. The liquids maintained Monday’s gains, but could not parlay them any higher. With a lack of macro releases this week, traders will be looking very closely at today’s DOE numbers. The crowd is looking for a 1.4 MMbbl build in crude oil, while last night the API reported a 1.1 MMbbl build. Meanwhile, natural gas gave up almost all of Monday’s gains — so much for the comeback…
http://www.cnbc.com/id/36219874
Yoshikami: The Gloom Bubble Bursts
As the DOW marches towards 12,000 and the voices predicting financial collapse fade, does this mean the gloom bubble has finally burst? Was the perspective of being overly negative simply incorrect? It's an important question and the answer is equally important.
http://www.cnbc.com/id/36216304
Euro Stoxx 50 Doji Suggests Shares May Drop: Technical Analysis
(Bloomberg) -- The Euro Stoxx 50 Index has formed a “long-legged Doji” pattern that indicates the benchmark gauge for euro-region equities may be poised for a retreat in the short term, according to an Exane BNP Paribas technical analyst.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=asaDUJI4pByw
Crude Oil Poised to Break $100 by September: Technical Analysis
(Bloomberg) -- Crude oil is poised to rise above $100 a barrel as soon as September after breaking out of a six- month trading range, according to a technical analysis by Lind- Waldock, a division of MF Global Inc. in Chicago.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKWGq9ZX9TDg
U.S. 10-Year Notes May Draw Buyers at 4.01%: Technical Analysis
(Bloomberg) -- Treasury 10-year notes may draw buyers as yields climb toward 4.01 percent, according to Daiwa Asset Management Co., citing trading patterns.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atjQY1QlquS0
White Sugar Falls as Technical Signals Show Scant Hint of Gains
(Bloomberg) -- White sugar fell in London as technical signals gave little indication that prices are poised to rebound from this year’s 36 percent drop.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8AXn4.ctvtE
Israel Stocks to See Foreigners Exit on MSCI Move, Citi Says
(Bloomberg) -- Emerging market investors are trimming holdings of Israeli shares before the nation is included in the developed-market group next month at MSCI Inc., according to Citigroup Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aotv9GhGfKS8
PMorgan Fund Bets on U.S. Rail Companies, Follows Buffett
(Bloomberg) -- JPMorgan Chase & Co.’s railway fund is betting on U.S. freight companies such as Union Pacific Corp., CSX Corp. and Norfolk Southern Corp., following Warren Buffett’s decision to take over Burlington Northern Santa Fe Corp.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aESYa8xei_b4
Oil Extends Drop After Inventories Increase More Than Forecast
(Bloomberg) -- Crude oil futures extended declines after a U.S. government report showed a bigger-than-forecast increase in inventories.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a0PA_WlQZCHI
East Asia Exit Strategies May Be Premature, World Bank Says
(Bloomberg) -- East Asian economies have emerged stronger from the global crisis and may experience “rapid growth” in coming years, the World Bank said, adding it’s still premature for many nations to withdraw the fiscal stimulus that has helped mitigate the effects of the slowdown.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aei5YZLFEJVY
Rice Output May Drop in Thailand on Drought, FAO Says (Update2)
(Bloomberg) -- Rice production in Thailand and Vietnam, the two largest exporters, may be hurt by drier-than- normal weather that’s parched farms and cut water levels in the Mekong River, according to the Food and Agriculture Organization.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aD_m1k50SAtE
A Financial 9/11: How the Wall Street Crash Changed America Forever
In The End of Wall Street, noted author and financial journalist Roger Lowenstein argues the crisis of 2008 marked more than just the end of Lehman Brothers, Bear Stearns, Washington Mutual and a host of other firms.
http://finance.yahoo.com/tech-ticker/a-financial-911-how-the-wall-street-crash-changed-america-forever-462274.html;_ylt=AtfkSs_io_3UmvuF.1y6ze27YWsA;_ylu=X3oDMTE2YnVpZzBkBHBvcwMxMgRzZWMDdG9wU3RvcmllcwRzbGsDYWZpbmFuY2lhbDkx?tickers=XLF,FNM,GS,JPM,MS,BAC,C&sec=topStories&pos=9&asset=&ccode=
Lowenstein: Thanks to Greenspan and Bernanke, The Next Crisis Could Be "Even Scarier"
Alan Greenspan is on Capitol Hill today testifying in front of the Financial Crisis Inquiry Commission. The former Federal Reserve Chairman Alan Greenspan has come under increased scrutiny for his failure to anticipate the housing bubble. Roger Lowenstein, author of The End of Wall Street, says the criticism is deserved.
http://finance.yahoo.com/tech-ticker/lowenstein-thanks-to-greenspan-and-bernanke-the-next-crisis-could-be-%22even-scarier%22-462348.html;_ylt=AnKhN3ij8cBMZNdTrdY6Isy7YWsA;_ylu=X3oDMTE1azdpaW0yBHBvcwMzBHNlYwN0b3BTdG9yaWVzBHNsawNsb3dlbnN0ZWludGg-?tickers=^dji,^GSPC,XLF,spy,FAZ,tbt,uup&sec=topStories&pos=1&asset=&ccode=
This Option Is the Fastest Way to Get MoneyThe Opportunity
International money remittances are down, as the United States struggles with a high unemployment rate and tentative economic recovery. But unless you believe that immigrant workers will cease to play as big of a role in the U.S. economy and, further, that they will cease to send money back to their home countries, money transfer specialist Western Union (NYSE:WU - News) looks like a good bet for a pay-me-now-style, sell-bullish option strategy.
http://finance.yahoo.com/news/This-Option-Is-the-Fastest-ms-1649961648.html;_ylt=AqecHHKP_i_Q5b1mhmdDj5mWba9_;_ylu=X3oDMTFkcW43b21jBHBvcwMzBHNlYwNuZXdzSHViQXJ0aWNsZUxpc3QEc2xrA3RoaXNvcHRpb25pcw--?x=0
Top Picks & IHSG Outlook
IHSG
Masih berada dalam uptrend channel dengan support channel di 2.805, menunjukkan pola daily candle shooting star = sell on rally IHSG di 2.910-2.917 target 2.850 stop 20 point. Trading Buy 7 stocks.
Masih berada dalam uptrend channel dengan support channel di 2.805, menunjukkan pola daily candle shooting star = sell on rally IHSG di 2.910-2.917 target 2.850 stop 20 point. Trading Buy 7 stocks.
Update Daily Investment News
Indonesia Hot Stocks-Bumi leads Bakrie group rally
Shares in Indonesia's Bakrie group rose across the board on Tuesday, lead by coal miner PT Bumi Resources after it agreed a contract with a Japanese buyer.
http://asia.news.yahoo.com/rtrs/20100406/tbs-markets-indonesia-bakrie-b246348.html
Indonesia's UT sees machinery sales up 22-25 pct
March 6 - Indonesia's biggest heavy equipment distributor and mining contractor, PT United Tractors,, said on Tuesday it expected to increase its heavy machinery sales by between 22 to 25 percent this year.
http://asia.news.yahoo.com/rtrs/20100406/tbs-unitedtractors-indonesia-b246348.html
Indonesia Keeps Main Interest Rate at Record-Low 6.5% (Update3)
(Bloomberg) -- Indonesia’s central bank kept its benchmark interest rate at a record low for an eighth straight month, judging that inflation isn’t yet enough of a threat to require higher borrowing costs.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZZAa4yAMA18
The End of Wall Street and the Fall of a Generation
A great interview this morning on Squawk Box with Roger Lowenstein the author of, “THE END OF WALL STREET.” In the book, Lowenstein theorizes that the financial crisis began long before the summer of 2008 and long before the failure of Lehman Brothers.
http://www.cnbc.com/id/36193141
Homebuilders May Lag Behind Stock Market, Credit Suisse Says
(Bloomberg) -- U.S. homebuilders will underperform the stock market in the next few months as demand slows after the expiration of a key tax incentive, Credit Suisse analyst Daniel Oppenheim wrote in a note to clients today.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aEwDTa87ozb8
Euro May Climb to 11-Week High of 130 Yen: Technical Analysis
(Bloomberg) -- The euro may advance to an 11-week high of 130 yen over the next month, Royal Bank of Scotland Group Plc said, citing trading patterns.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a4ofgI4NQEk4
Platinum May Reach $1,762, Commerzbank Says: Technical Analysis
(Bloomberg) -- Platinum, trading near a 20-month high, may rise toward $1,762 an ounce, according to technical analysis by Commerzbank AG.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayfsUTvi53o0
Gold Drops as Dollar Gain, One-Month High Prices Spur Sales
(Bloomberg) -- Gold declined as the dollar strengthened and on speculation that the metal’s increase to the highest level in almost a month is prompting some investors to lock in gains.
Market Headwinds Loom if Liberals Win 2010 Elections: Strategist
British Prime Minister Gordon Brown said he was dissolving Parliament and set a May 6 date for national elections. How does this news translate for the U.S.? Jeffrey Saut, chief investment strategist at Raymond James, shared his views.
http://www.cnbc.com/id/36192859
2 Under-Valued Stocks In An Over-Extended Market
With the Dow marching toward 11,000 and the S&P trading about 7% higher for the year, should you remain broadly bullish
http://www.cnbc.com/id/36181365
Why Markets May Face 'Fairly Major Downdraft'
The Dow inched toward 11,000 Monday as investors cheered some encouraging economic news. Noah Blackstein, portfolio manager at Dynamic Mutual Funds, and John Lekas, chief executive and portfolio manager at Leader Capital, discussed their market outlooks.
http://www.cnbc.com/id/36178122
5-Star Manager: Prep for $90 - $95 Oil This Year
Oil climbed toward $87 Monday on hopes that the US economy is indeed recovering. Should investors get on board? Shawn Reynolds, a Morningstar 5-star-rated portfolio manager at Van Eck Global, shared his outlook and stock picks with CNBC.
http://www.cnbc.com/id/36179517
Shares in Indonesia's Bakrie group rose across the board on Tuesday, lead by coal miner PT Bumi Resources
http://asia.news.yahoo.com/rtrs/20100406/tbs-markets-indonesia-bakrie-b246348.html
Indonesia's UT sees machinery sales up 22-25 pct
March 6 - Indonesia's biggest heavy equipment distributor and mining contractor, PT United Tractors,
http://asia.news.yahoo.com/rtrs/20100406/tbs-unitedtractors-indonesia-b246348.html
Indonesia Keeps Main Interest Rate at Record-Low 6.5% (Update3)
(Bloomberg) -- Indonesia’s central bank kept its benchmark interest rate at a record low for an eighth straight month, judging that inflation isn’t yet enough of a threat to require higher borrowing costs.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZZAa4yAMA18
The End of Wall Street and the Fall of a Generation
A great interview this morning on Squawk Box with Roger Lowenstein the author of, “THE END OF WALL STREET.” In the book, Lowenstein theorizes that the financial crisis began long before the summer of 2008 and long before the failure of Lehman Brothers.
http://www.cnbc.com/id/36193141
Homebuilders May Lag Behind Stock Market, Credit Suisse Says
(Bloomberg) -- U.S. homebuilders will underperform the stock market in the next few months as demand slows after the expiration of a key tax incentive, Credit Suisse analyst Daniel Oppenheim wrote in a note to clients today.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aEwDTa87ozb8
Euro May Climb to 11-Week High of 130 Yen: Technical Analysis
(Bloomberg) -- The euro may advance to an 11-week high of 130 yen over the next month, Royal Bank of Scotland Group Plc said, citing trading patterns.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a4ofgI4NQEk4
Platinum May Reach $1,762, Commerzbank Says: Technical Analysis
(Bloomberg) -- Platinum, trading near a 20-month high, may rise toward $1,762 an ounce, according to technical analysis by Commerzbank AG.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayfsUTvi53o0
Gold Drops as Dollar Gain, One-Month High Prices Spur Sales
(Bloomberg) -- Gold declined as the dollar strengthened and on speculation that the metal’s increase to the highest level in almost a month is prompting some investors to lock in gains.
Market Headwinds Loom if Liberals Win 2010 Elections: Strategist
British Prime Minister Gordon Brown said he was dissolving Parliament and set a May 6 date for national elections. How does this news translate for the U.S.? Jeffrey Saut, chief investment strategist at Raymond James, shared his views.
http://www.cnbc.com/id/36192859
2 Under-Valued Stocks In An Over-Extended Market
With the Dow marching toward 11,000 and the S&P trading about 7% higher for the year, should you remain broadly bullish
http://www.cnbc.com/id/36181365
Why Markets May Face 'Fairly Major Downdraft'
The Dow inched toward 11,000 Monday as investors cheered some encouraging economic news. Noah Blackstein, portfolio manager at Dynamic Mutual Funds, and John Lekas, chief executive and portfolio manager at Leader Capital, discussed their market outlooks.
http://www.cnbc.com/id/36178122
5-Star Manager: Prep for $90 - $95 Oil This Year
Oil climbed toward $87 Monday on hopes that the US economy is indeed recovering. Should investors get on board? Shawn Reynolds, a Morningstar 5-star-rated portfolio manager at Van Eck Global, shared his outlook and stock picks with CNBC.
http://www.cnbc.com/id/36179517
Tuesday, April 6, 2010
Top Pick & IHSG Outlook 06/04/2010
IHSG
Break 2.838 target 2.917/2.945 to be Sell target 2.790 stop 25 points.
Revisi 01 Apr 2010: (05/04 done). Buy break 2.840 target 2885/2.900 stop 25 poin = Profit 45 points. Track Record 6 Recommendations: (+20p+45p+73p+53+60p+45p). P = Point. Trading Buy 6 Top Picks.
Break 2.838 target 2.917/2.945 to be Sell target 2.790 stop 25 points.
Revisi 01 Apr 2010: (05/04 done). Buy break 2.840 target 2885/2.900 stop 25 poin = Profit 45 points. Track Record 6 Recommendations: (+20p+45p+73p+53+60p+45p). P = Point. Trading Buy 6 Top Picks.
Monday, April 5, 2010
Update Daily Investment News
Indonesia Stock Index Climbs to Record on Interest Rate Outlook
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaLvaMLLypjM
Indonesia Hot Stocks-Banks rally on rate expectations
JAKARTA, April 5 - Shares in Indonesia's four biggest banks jumped by between about 1 and 10 percent on Monday on expectations that the central bank will keep interest rates unchanged in move that should support higher bank lending.
http://asia.news.yahoo.com/rtrs/20100405/tbs-markets-indonesia-banks-b246348.html
Chinese Premier Wen to Visit Indonesia April 23-24 (Update1)
(Bloomberg) -- Chinese Premier Wen Jiabao plans to visit Indonesia April 23-24 to strengthen economic ties and boost investment in the Southeast Asian country, Indonesia’s Coordinating Minister for the Economy Hatta Rajasa said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahw_rSis0PbE
Indonesia's Bumi hit by charges, outlook cloudy
* Q4 net loss $169.77 million - Reuters calculations
* FY net profit $190.45 million, down nearly 50 pct
* 2009 average coal price $62/tonne vs $73/tonne in 2008
* Tax bill, China investor talks weigh
http://sg.news.yahoo.com/rtrs/20100405/tbs-bumiresources-7318940.html
Indonesia's Bhakti Investama buys Papua oil block
JAKARTA, April 5 - PT Bhakti Investama, an Indonesian investment company owned by tycoon Hary Tanoesoedibjo, said on Monday that it had acquired an offshore Papua oil and gas field with 1 billion barrels of oil reserves.
http://ph.news.yahoo.com/rtrs/20100405/tbs-bhaktiinvestama-indonesia-b246348.html
Indonesia May Bet Slower Inflation Buys Time to Keep Rate Low
(Bloomberg) -- Indonesia’s central bank may refrain from raising interest rates from a record low this week, betting that inflation isn’t yet enough of a threat to require higher borrowing costs.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8x1FFd0ynYw
China Stocks to Gain on Moving Average: Technical Analysis
(Bloomberg) -- China’s stocks are poised to extend gains after the benchmark Shanghai Composite Index breached its 100-day moving average last week, according to DMG & Partners Securities Pte.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aC9MtJzXzCqc
How High Could Dow Jones Industrial Average Go?
Dow 11,800?
The following metrics are scenario analysis, which list the potential Dow Jones value based on different P/E and EPS. DJIA = P/E x 30 Dow Component Companies’ Total EPS / 0.1323.
http://seekingalpha.com/article/196982-how-high-could-dow-jones-industrial-average-go?source=yahoo
Morici: Dow Headed for 12,000
By: Peter Morici, Professor, Smith School of Business, University of Maryland
Stocks prices have enjoyed a lot of help in recent months.A moderate recovery-three percent GDP growth expected this year and next-and more robust growth in Asia are good for the profits of large U.S. multinationals.
http://www.cnbc.com/id/36132522
Trader Talk: Stocks' Melt-Up Continues
Stocks look to continue the melt-up to new highs today. Futures were up slightly as commodities and commodity stocks rally. A number of commodities are hitting new highs this morning: crude oil, gasoline, heating oil, copper and platinum.
http://www.cnbc.com/id/36177067
Will the Fed Raise the Discount Rate Again?
Economists are speculating that the Federal Reserve may raise the discount rate again during its board meeting on Monday. How will this move impact markets? George Dowd, director at Newedge, shared his insights.
http://www.cnbc.com/id/36174899
Four Stocks That Seem Ready to Rebound: John Dorfman (Update1)
(Bloomberg) -- NutriSystem Inc. went on a starvation diet in the first quarter, losing 42 percent. I think it has an excellent chance of bulking back up in the next year.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSmhWd6.8xZI
Bulls Increase With Buybacks Signaled by Profit Surge (Update1)
(Bloomberg) -- U.S. companies are sitting on a record pile of cash after spending the lowest proportion of their profits on stock buybacks since 2003, a sign that repurchases may propel the equities rally as earnings recover.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aswOFpDTgzZM
David Rosenberg: Here's 7 Economic Stats You Shouldn't Believe
welcomes you back to work with seven economic datapoints requiring you to look behind the headlines.
http://finance.yahoo.com/news/David-Rosenberg-Heres-7-siliconalley-912617908.html;_ylt=AqhQopv0e2W9Nvuxj7r6Z8G7YWsA;_ylu=X3oDMTE1ZWFzdTZ0BHBvcwM4BHNlYwN0b3BTdG9yaWVzBHNsawM3ZWNvbm9taWNzdGE-?x=0&sec=topStories&pos=6&asset=&ccode=
10 Reasons to Stay Bullish -- Part 2
Investors are scared of stocks. On the heels of a terrible decade -- a decade that culminated in the worst bear market in 80 years -- it's no wonder investors are afraid of the market.
http://finance.yahoo.com/news/10-Reasons-to-Stay-Bullish-tsmp-3527606469.html?x=0&.v=3
Palm Oil Declines, Erasing Gains, on U.S. Soybean Crop Outlook
(Bloomberg) -- Palm oil futures declined, erasing earlier gains, on concern a record soybean crop will reduce the need for substitutes.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=asUe3eKtKEIY
RBA’s Next Move on Interest Rates ‘Very Close Call’ (Update1)
(Bloomberg) -- The Reserve Bank of Australia’s next policy move is a “very close call,” with economists and investors divided on whether Governor Glenn Stevens will raise interest rates for the fifth time in six meetings.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afWYBca5wlmQ
Copper May Surpass $8,000 for First Time Since 2008 (Update2)
(Bloomberg) -- Copper futures in London may advance to more than $8,000 a metric ton this week for the first time since the collapse of Lehman Brothers Holdings Inc. in 2008, buoyed by a revival in demand that’s more than doubled prices.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPbt39Z8BtCk
Market Flash
http://www.detikfinance.com/read/2010/04/05/092801/1331837/6/market-flash-etrading
Written by Oil N' Gold | Thu Apr 01 10 08:07 ET
Nymex Crude Oil (CL)
Crude oil rises to as high as 84.70 so far today and the decisive break of 83.16 confirms that rise from 69.50 has resumed. Intraday bias remains on the upside and further rally should be seen to 61.8% projection of 69.50 to 83.16 from 78.56 at 86.92 next. On the downside, below 82.36 minor support will turn intraday bias neutral first. But after all, break of 78.56 support is needed to be the first sign of topping. Otherwise, outlook will remain bullish. In the bigger picture, crude oil is still trading well inside medium term rising channel and the rise from 33.2 is still in progress. Nevertheless, as such rise from 33.2 is treated as a correction to whole decline from 147.27 only, we'd continue to expect strong resistance near to 50% retracement of 147.27 to 33.2 at 90.24 to bring reversal. On the downside, though, break of 69.50 support will now indicate that crude oil has topped out in medium term already and turn outlook bearish.
Written by Oil N' Gold | Thu Apr 01 10 08:09 ET
Comex Gold (GC)
Intraday bias in Gold remains mildly on the upside for 1133.3 resistance. As discussed before, price actions from 1131.5 are likely merely consolidation to rise from 1044.5 only and should have completed at 1084.8. Break of 1133.3 will suggest that rise from 1044.5 is resuming for 1163 resistance next. On the downside, though, below 1084.8 will revive the case that rebound from 1044.5 is finished and will flip intraday bias back to the downside for retesting this support. In the bigger picture, price actions from 1227.5 are treated as correction to rise from 931.3 only, no doubt. the lack of impulsive structure of rise from 1044.5 argues it's possibly part of consolidation from 1227.5, rather than resumption of the long term up trend. Above 1145.8 will bring retest of 1227.5 high but upside will likely be limited there and bring at least one more fall before the consolidation concludes. On the downside, below 1084.8 support will shift favors to the case that correction from 1227.5 is developing into a three wave move with another low below 1044.5.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaLvaMLLypjM
Indonesia Hot Stocks-Banks rally on rate expectations
JAKARTA, April 5 - Shares in Indonesia's four biggest banks jumped by between about 1 and 10 percent on Monday on expectations that the central bank will keep interest rates unchanged in move that should support higher bank lending.
http://asia.news.yahoo.com/rtrs/20100405/tbs-markets-indonesia-banks-b246348.html
Chinese Premier Wen to Visit Indonesia April 23-24 (Update1)
(Bloomberg) -- Chinese Premier Wen Jiabao plans to visit Indonesia April 23-24 to strengthen economic ties and boost investment in the Southeast Asian country, Indonesia’s Coordinating Minister for the Economy Hatta Rajasa said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahw_rSis0PbE
Indonesia's Bumi hit by charges, outlook cloudy
* Q4 net loss $169.77 million - Reuters calculations
* FY net profit $190.45 million, down nearly 50 pct
* 2009 average coal price $62/tonne vs $73/tonne in 2008
* Tax bill, China investor talks weigh
http://sg.news.yahoo.com/rtrs/20100405/tbs-bumiresources-7318940.html
Indonesia's Bhakti Investama buys Papua oil block
JAKARTA, April 5 - PT Bhakti Investama
http://ph.news.yahoo.com/rtrs/20100405/tbs-bhaktiinvestama-indonesia-b246348.html
Indonesia May Bet Slower Inflation Buys Time to Keep Rate Low
(Bloomberg) -- Indonesia’s central bank may refrain from raising interest rates from a record low this week, betting that inflation isn’t yet enough of a threat to require higher borrowing costs.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8x1FFd0ynYw
China Stocks to Gain on Moving Average: Technical Analysis
(Bloomberg) -- China’s stocks are poised to extend gains after the benchmark Shanghai Composite Index breached its 100-day moving average last week, according to DMG & Partners Securities Pte.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aC9MtJzXzCqc
How High Could Dow Jones Industrial Average Go?
Dow 11,800?
The following metrics are scenario analysis, which list the potential Dow Jones value based on different P/E and EPS. DJIA = P/E x 30 Dow Component Companies’ Total EPS / 0.1323.
http://seekingalpha.com/article/196982-how-high-could-dow-jones-industrial-average-go?source=yahoo
Morici: Dow Headed for 12,000
By: Peter Morici, Professor, Smith School of Business, University of Maryland
Stocks prices have enjoyed a lot of help in recent months.A moderate recovery-three percent GDP growth expected this year and next-and more robust growth in Asia are good for the profits of large U.S. multinationals.
http://www.cnbc.com/id/36132522
Trader Talk: Stocks' Melt-Up Continues
Stocks look to continue the melt-up to new highs today. Futures were up slightly as commodities and commodity stocks rally. A number of commodities are hitting new highs this morning: crude oil, gasoline, heating oil, copper and platinum.
http://www.cnbc.com/id/36177067
Will the Fed Raise the Discount Rate Again?
Economists are speculating that the Federal Reserve may raise the discount rate again during its board meeting on Monday. How will this move impact markets? George Dowd, director at Newedge, shared his insights.
http://www.cnbc.com/id/36174899
Four Stocks That Seem Ready to Rebound: John Dorfman (Update1)
(Bloomberg) -- NutriSystem Inc. went on a starvation diet in the first quarter, losing 42 percent. I think it has an excellent chance of bulking back up in the next year.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSmhWd6.8xZI
Bulls Increase With Buybacks Signaled by Profit Surge (Update1)
(Bloomberg) -- U.S. companies are sitting on a record pile of cash after spending the lowest proportion of their profits on stock buybacks since 2003, a sign that repurchases may propel the equities rally as earnings recover.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aswOFpDTgzZM
David Rosenberg: Here's 7 Economic Stats You Shouldn't Believe
welcomes you back to work with seven economic datapoints requiring you to look behind the headlines.
http://finance.yahoo.com/news/David-Rosenberg-Heres-7-siliconalley-912617908.html;_ylt=AqhQopv0e2W9Nvuxj7r6Z8G7YWsA;_ylu=X3oDMTE1ZWFzdTZ0BHBvcwM4BHNlYwN0b3BTdG9yaWVzBHNsawM3ZWNvbm9taWNzdGE-?x=0&sec=topStories&pos=6&asset=&ccode=
10 Reasons to Stay Bullish -- Part 2
Investors are scared of stocks. On the heels of a terrible decade -- a decade that culminated in the worst bear market in 80 years -- it's no wonder investors are afraid of the market.
http://finance.yahoo.com/news/10-Reasons-to-Stay-Bullish-tsmp-3527606469.html?x=0&.v=3
Palm Oil Declines, Erasing Gains, on U.S. Soybean Crop Outlook
(Bloomberg) -- Palm oil futures declined, erasing earlier gains, on concern a record soybean crop will reduce the need for substitutes.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=asUe3eKtKEIY
RBA’s Next Move on Interest Rates ‘Very Close Call’ (Update1)
(Bloomberg) -- The Reserve Bank of Australia’s next policy move is a “very close call,” with economists and investors divided on whether Governor Glenn Stevens will raise interest rates for the fifth time in six meetings.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afWYBca5wlmQ
Copper May Surpass $8,000 for First Time Since 2008 (Update2)
(Bloomberg) -- Copper futures in London may advance to more than $8,000 a metric ton this week for the first time since the collapse of Lehman Brothers Holdings Inc. in 2008, buoyed by a revival in demand that’s more than doubled prices.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPbt39Z8BtCk
Market Flash
http://www.detikfinance.com/read/2010/04/05/092801/1331837/6/market-flash-etrading
Written by Oil N' Gold | Thu Apr 01 10 08:07 ET
Nymex Crude Oil (CL)
Crude oil rises to as high as 84.70 so far today and the decisive break of 83.16 confirms that rise from 69.50 has resumed. Intraday bias remains on the upside and further rally should be seen to 61.8% projection of 69.50 to 83.16 from 78.56 at 86.92 next. On the downside, below 82.36 minor support will turn intraday bias neutral first. But after all, break of 78.56 support is needed to be the first sign of topping. Otherwise, outlook will remain bullish. In the bigger picture, crude oil is still trading well inside medium term rising channel and the rise from 33.2 is still in progress. Nevertheless, as such rise from 33.2 is treated as a correction to whole decline from 147.27 only, we'd continue to expect strong resistance near to 50% retracement of 147.27 to 33.2 at 90.24 to bring reversal. On the downside, though, break of 69.50 support will now indicate that crude oil has topped out in medium term already and turn outlook bearish.
Written by Oil N' Gold | Thu Apr 01 10 08:09 ET
Comex Gold (GC)
Intraday bias in Gold remains mildly on the upside for 1133.3 resistance. As discussed before, price actions from 1131.5 are likely merely consolidation to rise from 1044.5 only and should have completed at 1084.8. Break of 1133.3 will suggest that rise from 1044.5 is resuming for 1163 resistance next. On the downside, though, below 1084.8 will revive the case that rebound from 1044.5 is finished and will flip intraday bias back to the downside for retesting this support. In the bigger picture, price actions from 1227.5 are treated as correction to rise from 931.3 only, no doubt. the lack of impulsive structure of rise from 1044.5 argues it's possibly part of consolidation from 1227.5, rather than resumption of the long term up trend. Above 1145.8 will bring retest of 1227.5 high but upside will likely be limited there and bring at least one more fall before the consolidation concludes. On the downside, below 1084.8 support will shift favors to the case that correction from 1227.5 is developing into a three wave move with another low below 1044.5.
Sunday, April 4, 2010
Update Weekly Investment News
Indonesian Stocks Rise, Index Touches Record High on Earnings
(Bloomberg) -- Indonesia’s benchmark stock index, Southeast Asia’s best performing market this year, touched a record high on expectations faster economic growth and record- low interest rates will boost earnings.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZK1D1xuh8pQ
Bumi 2009 Net Income Drops to $190.5 Million on One-Time Charge
April 3 (Bloomberg) -- PT Bumi Resources said 2009 net income fell to $190.5 million after posting a $275 million charge on deferred stripping expenses.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahx8lL.cFu.0
Gas Negara 2009 Net Income Jumps Tenfold on Sales, Forex Gain
(Bloomberg) -- PT Perusahaan Gas Negara said 2009 net income jumped almost tenfold to 6.2 trillion rupiah from 633.9 billion rupiah a year earlier as sales increased and after posting a foreign exchange gain.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ai5Kec_xO1wI
Indonesia to Ease Property, Foreign Investment Rules
(Bloomberg) -- Indonesia will allow foreigners to buy property in the country and own bigger stakes in health-care companies as it completes a review of investment rules, the country’s investment coordination agency said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aufDjZiHlrXU
Indonesia Inflation Slows, Central Bank May Hold Rate
(Bloomberg) -- Indonesia’s inflation slowed last month, giving the central bank room to refrain from raising interest rates when it meets next week.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=apiFvHJKymaM
Service Industries Probably Accelerated: U.S. Economy Preview
(Bloomberg) -- Service industries probably expanded in March at the fastest pace since 2007, a sign the U.S. recovery is broadening as the job market turns around, economists said before reports this week.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM_P4Lp6fURQ&pos=3
Greenspan Says ‘Momentum Building Up’ in U.S. Economy
Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said there is “a momentum building up” in the U.S. economy and the odds of it faltering have “fallen very significantly.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM4Pqh5KFHVs&pos=5
Job growth on the market's mind after long weekend
http://www.marketwatch.com/story/payrolls-on-the-markets-mind-after-long-weekend-2010-04-03
http://www.marketwatch.com/video/asset/us-week-ahead-quiet-before-earnings-storm-2010-04-02/22F1F02E-0846-48A5-A063-8204BF37D97C
Nikkei 225 to Extend Rally on Elliott Wave: Technical Analysis
(Bloomberg) -- Japan’s Nikkei 225 Stock Average, the world’s most expensive developed-market benchmark gauge, may rise to 12,000, according to an “Elliott Wave” analysis by MF Global Holdings Ltd.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aF88oQ_ksGNc
Korea, Taiwan, Russian Markets May Advance Most, Barron’s Says
(Bloomberg) -- Emerging-market investors should consider putting their money into stocks of South Korean, Taiwanese, Turkish or Russian companies as the advance of some international markets slow, Barron’s reported.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXWOkg4HF5wc
Asian Currency Index May Rise 0.7% on Chart: Technical Analysis
(Bloomberg) -- An index of Asian currencies, trading at a 19-month high, may increase 0.7 percent by the end of April after rising beyond a key level, according to Mitsubishi UFJ Securities Co.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1xTrJpoZcEo
China H Share Breakout Raises ‘Bull Flags’: Technical Analysis
(Bloomberg) -- Chinese stocks traded in Hong Kong may be poised for gains of as much as 28 percent after a benchmark index yesterday staged a breakout from its resistance, according to CLSA Asia-Pacific Markets.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a38wG8wo3oKM
Dollar May Rise to 8-Month High Versus Yen: Technical Analysis
(Bloomberg) -- The dollar may extend gains versus Japan’s currency to reach an eight-month high of 95 yen, Bank of Tokyo-Mitsubishi UFJ Ltd. said, citing trading patterns.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=asKgMiaG8rmc
Market Outlook: Investor Focus Turns to US Consumer, Fed
Now that the March jobs report is out of the way, investors will be looking for the next points of focus and a big one will be the consumer.
http://www.cnbc.com/id/36152160
China’s Central Bank Sees Limited Rebound for Dollar
(Bloomberg) -- The People’s Bank of China said the U.S. dollar will have only a limited rebound in 2010 because of the nation’s high fiscal deficit and low interest rates.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2gveeN17wOo
Art Cashin: Why Bulls Continue to Lead Markets
According to the Labor Department, new jobless benefit claims dropped to a seasonally adjusted 439,000, marking the fourth drop in the last five weeks. Art Cashin, director of floor operations at UBS Financial Services shared his market outlook.
http://www.cnbc.com/id/36132869
Gold May Rise to $1,145, Commerzbank Says: Technical Analysis
March 31 (Bloomberg) -- Gold, heading for a sixth quarterly advance, may rise toward $1,135 to $1,145 an ounce, according to technical analysis by Commerzbank AG.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1qF0QeiGBaY
S&P 500 to Climb to 1,220 on Market Breadth: Technical Analysis
(Bloomberg) -- The Standard & Poor’s 500 Index may climb about 4 percent to the 1,220 level after sliding as much as 50 points, according to an indicator of market breadth, said Peter Beuttell, a technical analyst at MTS Research.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAWvlExH8x_o
Global Economic Rebound: Week in Review
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYaECZL7Epog
S&P 500 Stocks Biggest Weekly Changes in Analyst Target Price
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afRQ88XEV2cA
Europe IPOs Outpace U.S. by Most Since ’07 Stock Peak
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ad6W1p1Dk8jY
Don’t Expect Much From U.S. Stocks in Next Decade: Chart of Day
March 31 (Bloomberg) -- This quarter’s gains in U.S. stocks have made them so costly relative to earnings that returns for the next 10 years may be minimal, according to Dylan Grice, a strategist at Societe Generale.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aIpSCAvx7lzI
Gold May Gain as Improving Economy Spurs Demand, Survey Shows
(Bloomberg) -- Gold may gain as signs that the economy is improving boost demand for commodities such as the precious metal, a survey showed.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajJBMTmUt.zI
Oil May Fall as U.S. Inventories Gain, Survey Shows
(Bloomberg) -- Crude oil may fall next week as U.S. inventories increase and fuel consumption declines, a Bloomberg News survey showed.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aWrtf00WdE6g
Commodities to Continue to Disappoint Investors: Chart of Day
April 1 (Bloomberg) -- Commodities, the worst performer among five asset classes in the first quarter, will continue to “struggle” as the dollar strengthens and China seeks to restrain growth, according to Deutsche Bank AG.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSs0KBLtJaQ0
Loonie May Return to Within Penny of Parity: Technical Analysis
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahbn1fbWFlqE
Goldman Says Commodities May Witness ‘Violent Price Spikes’
(Bloomberg) -- Commodities are set for “violent price spikes” as constraints on investment in new supplies and emerging market demand lead to shortages, according to Goldman Sachs Group Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOMjkIVtKRU4
Energy Prices ‘Create a Floor’ for Palm Oil, LMC’s Fry Says
(Bloomberg) -- Palm oil is increasingly being supported by energy prices as demand for biofuels rises, James Fry, managing director of LMC International, said today.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=at4GF2_EMx1o
Schork Says Oil May Reach $110 by July, Destroying Demand
April 1 (Bloomberg) -- Stephen Schork, president of Schork Group Inc., said today that oil could reach $110 a barrel before July, prompting cutbacks by U.S. consumers.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=adxDS0Hi.yuU
(Bloomberg) -- Indonesia’s benchmark stock index, Southeast Asia’s best performing market this year, touched a record high on expectations faster economic growth and record- low interest rates will boost earnings.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aZK1D1xuh8pQ
Bumi 2009 Net Income Drops to $190.5 Million on One-Time Charge
April 3 (Bloomberg) -- PT Bumi Resources said 2009 net income fell to $190.5 million after posting a $275 million charge on deferred stripping expenses.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahx8lL.cFu.0
Gas Negara 2009 Net Income Jumps Tenfold on Sales, Forex Gain
(Bloomberg) -- PT Perusahaan Gas Negara said 2009 net income jumped almost tenfold to 6.2 trillion rupiah from 633.9 billion rupiah a year earlier as sales increased and after posting a foreign exchange gain.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ai5Kec_xO1wI
Indonesia to Ease Property, Foreign Investment Rules
(Bloomberg) -- Indonesia will allow foreigners to buy property in the country and own bigger stakes in health-care companies as it completes a review of investment rules, the country’s investment coordination agency said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aufDjZiHlrXU
Indonesia Inflation Slows, Central Bank May Hold Rate
(Bloomberg) -- Indonesia’s inflation slowed last month, giving the central bank room to refrain from raising interest rates when it meets next week.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=apiFvHJKymaM
Service Industries Probably Accelerated: U.S. Economy Preview
(Bloomberg) -- Service industries probably expanded in March at the fastest pace since 2007, a sign the U.S. recovery is broadening as the job market turns around, economists said before reports this week.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM_P4Lp6fURQ&pos=3
Greenspan Says ‘Momentum Building Up’ in U.S. Economy
Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said there is “a momentum building up” in the U.S. economy and the odds of it faltering have “fallen very significantly.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=aM4Pqh5KFHVs&pos=5
Job growth on the market's mind after long weekend
http://www.marketwatch.com/story/payrolls-on-the-markets-mind-after-long-weekend-2010-04-03
http://www.marketwatch.com/video/asset/us-week-ahead-quiet-before-earnings-storm-2010-04-02/22F1F02E-0846-48A5-A063-8204BF37D97C
Nikkei 225 to Extend Rally on Elliott Wave: Technical Analysis
(Bloomberg) -- Japan’s Nikkei 225 Stock Average, the world’s most expensive developed-market benchmark gauge, may rise to 12,000, according to an “Elliott Wave” analysis by MF Global Holdings Ltd.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aF88oQ_ksGNc
Korea, Taiwan, Russian Markets May Advance Most, Barron’s Says
(Bloomberg) -- Emerging-market investors should consider putting their money into stocks of South Korean, Taiwanese, Turkish or Russian companies as the advance of some international markets slow, Barron’s reported.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aXWOkg4HF5wc
Asian Currency Index May Rise 0.7% on Chart: Technical Analysis
(Bloomberg) -- An index of Asian currencies, trading at a 19-month high, may increase 0.7 percent by the end of April after rising beyond a key level, according to Mitsubishi UFJ Securities Co.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1xTrJpoZcEo
China H Share Breakout Raises ‘Bull Flags’: Technical Analysis
(Bloomberg) -- Chinese stocks traded in Hong Kong may be poised for gains of as much as 28 percent after a benchmark index yesterday staged a breakout from its resistance, according to CLSA Asia-Pacific Markets.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a38wG8wo3oKM
Dollar May Rise to 8-Month High Versus Yen: Technical Analysis
(Bloomberg) -- The dollar may extend gains versus Japan’s currency to reach an eight-month high of 95 yen, Bank of Tokyo-Mitsubishi UFJ Ltd. said, citing trading patterns.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=asKgMiaG8rmc
Market Outlook: Investor Focus Turns to US Consumer, Fed
Now that the March jobs report is out of the way, investors will be looking for the next points of focus and a big one will be the consumer.
http://www.cnbc.com/id/36152160
China’s Central Bank Sees Limited Rebound for Dollar
(Bloomberg) -- The People’s Bank of China said the U.S. dollar will have only a limited rebound in 2010 because of the nation’s high fiscal deficit and low interest rates.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a2gveeN17wOo
Art Cashin: Why Bulls Continue to Lead Markets
According to the Labor Department, new jobless benefit claims dropped to a seasonally adjusted 439,000, marking the fourth drop in the last five weeks. Art Cashin, director of floor operations at UBS Financial Services shared his market outlook.
http://www.cnbc.com/id/36132869
Gold May Rise to $1,145, Commerzbank Says: Technical Analysis
March 31 (Bloomberg) -- Gold, heading for a sixth quarterly advance, may rise toward $1,135 to $1,145 an ounce, according to technical analysis by Commerzbank AG.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1qF0QeiGBaY
S&P 500 to Climb to 1,220 on Market Breadth: Technical Analysis
(Bloomberg) -- The Standard & Poor’s 500 Index may climb about 4 percent to the 1,220 level after sliding as much as 50 points, according to an indicator of market breadth, said Peter Beuttell, a technical analyst at MTS Research.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAWvlExH8x_o
Global Economic Rebound: Week in Review
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aYaECZL7Epog
S&P 500 Stocks Biggest Weekly Changes in Analyst Target Price
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afRQ88XEV2cA
Europe IPOs Outpace U.S. by Most Since ’07 Stock Peak
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ad6W1p1Dk8jY
Don’t Expect Much From U.S. Stocks in Next Decade: Chart of Day
March 31 (Bloomberg) -- This quarter’s gains in U.S. stocks have made them so costly relative to earnings that returns for the next 10 years may be minimal, according to Dylan Grice, a strategist at Societe Generale.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aIpSCAvx7lzI
Gold May Gain as Improving Economy Spurs Demand, Survey Shows
(Bloomberg) -- Gold may gain as signs that the economy is improving boost demand for commodities such as the precious metal, a survey showed.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajJBMTmUt.zI
Oil May Fall as U.S. Inventories Gain, Survey Shows
(Bloomberg) -- Crude oil may fall next week as U.S. inventories increase and fuel consumption declines, a Bloomberg News survey showed.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aWrtf00WdE6g
Commodities to Continue to Disappoint Investors: Chart of Day
April 1 (Bloomberg) -- Commodities, the worst performer among five asset classes in the first quarter, will continue to “struggle” as the dollar strengthens and China seeks to restrain growth, according to Deutsche Bank AG.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSs0KBLtJaQ0
Loonie May Return to Within Penny of Parity: Technical Analysis
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ahbn1fbWFlqE
Goldman Says Commodities May Witness ‘Violent Price Spikes’
(Bloomberg) -- Commodities are set for “violent price spikes” as constraints on investment in new supplies and emerging market demand lead to shortages, according to Goldman Sachs Group Inc.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOMjkIVtKRU4
Energy Prices ‘Create a Floor’ for Palm Oil, LMC’s Fry Says
(Bloomberg) -- Palm oil is increasingly being supported by energy prices as demand for biofuels rises, James Fry, managing director of LMC International, said today.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=at4GF2_EMx1o
Schork Says Oil May Reach $110 by July, Destroying Demand
April 1 (Bloomberg) -- Stephen Schork, president of Schork Group Inc., said today that oil could reach $110 a barrel before July, prompting cutbacks by U.S. consumers.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=adxDS0Hi.yuU
Stock Market Rally, S&P 500 is on a Mission to Reach 1200 Over the Short-term
Current Position of the Market
Very Long-term trend - Down! The very-long-term cycles are down and if they make their lows when expected, the bear market which started in October 2007 should continue until 2014.
SPX: Long-term trend - Up! We are in a medium-term bull market, which is a corrective move within a long term bear market. This bull market should last until 2011
SPX: Intermediate trend - The Index continues its uptrend from March 2009. It looks sustainable for another few weeks.
By Andre Gratian
MarketTurningPoints.com
Very Long-term trend - Down! The very-long-term cycles are down and if they make their lows when expected, the bear market which started in October 2007 should continue until 2014.
SPX: Long-term trend - Up! We are in a medium-term bull market, which is a corrective move within a long term bear market. This bull market should last until 2011
SPX: Intermediate trend - The Index continues its uptrend from March 2009. It looks sustainable for another few weeks.
By Andre Gratian
MarketTurningPoints.com
Identifying Markets' Turning Points
Sometimes a pattern has to play out before a turning point can be identified.
Elliott wave analysis is based on pattern recognition. Markets are patterned, not random, postulates the Wave Principle; once you know where you are in the pattern, you can forecast what likely comes next. Wave analysis can be especially effective at markets' turning points. Sometimes a wave pattern has to play out completely before a turning point can be identified. The "playing out" part can happen gradually or quickly. A cloudy sky becomes clear, visibility improves... and a key market juncture is identified. Your patience is rewarded.
http://www.elliottwave.com/freeupdates/archives/2010/03/29/Identifying-Markets--Turning-Points.aspx
Elliott wave analysis is based on pattern recognition. Markets are patterned, not random, postulates the Wave Principle; once you know where you are in the pattern, you can forecast what likely comes next. Wave analysis can be especially effective at markets' turning points. Sometimes a wave pattern has to play out completely before a turning point can be identified. The "playing out" part can happen gradually or quickly. A cloudy sky becomes clear, visibility improves... and a key market juncture is identified. Your patience is rewarded.
http://www.elliottwave.com/freeupdates/archives/2010/03/29/Identifying-Markets--Turning-Points.aspx
Indonesia, Get in on the Ground Floor of This Growing Global Profit Machine
By: Money_Morning
Jon D. Markman writes: I am enamored with Indonesia.
I've never been there. I've never met anyone from there. And it's not a country we hear much about. But it's the world's third-largest democracy (the current president got more votes than U.S. President Barack Obama). And it's one of the few Muslim countries - along with Turkey - that doesn't hate the United States as a matter of public policy.
http://moneymorning.com/2010/03/26/invest-in-indonesia/
Global Equities Strength and Consolidation to Mid-year
KEY POINTS:
• Range-bound trading expected to June/July
• Buying pressure and fair valuations for world index into mid-year
• Nikkei moves up with global markets. Economic, social problems persist for Japan
• Euro zone underperforms in sea of debt
• Australia points to higher world rates
World equity markets, whether we include or exclude the dominant S&P 500, are progressing well. Markets are not overbought or even overvalued (using forward earnings). They are simply advancing within a bull market.
Upward pressure
The chart of the MSCI World (ex USA) Index is displaying several important technical elements (Chart 13) compared to the combined global markets (Chart 14). First, is the main trend. That movement is still up but range-bound consolidation has clearly set in. There is stiff price resistance at the current range (1680-1700). Buying momentum (RSI) is falling back from near overbought levels. Price-to-earnings ratio is 14.17, which is fair value.
Chart 13
Looking at the broad-based Dow Jones World Stock Index (including USA) (Chart 14), there is a similar picture. RSI (Relative Strength Index) was overbought in March but is settling back (61.17). Buying momentum is rolling over. P/E is about 13.60 (forward earnings) which is an average valuation. The two charts illustrate just how joined global markets have become. Regardless of whether the US is included in the mix or not, the pattern is basically the same. They are mirrored to the $US dollar and flat trading under price resistance levels.
Chart 14
Bottom line: Models suggest a high probability of range-bound trading for global equities into mid-year. As the stock markets are trading on an average 16-week cycle. The next low is anticipated in June or early July. This implies that stable pressure can be expected in April and some selling pressure in May. With a backdrop of fair valuations, improving overall world GDP growth and steady buying pressure, the outlook remains positive for 2010.
Asia: Turnaround for Nikkei?
After 20 years of stock market decline and economic deflation, has the Nikkei is almost a forgotten index. But after all this time, has it finally reached the bottom and starting to turn around?
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