Update Daily Investment News 08-02

US Growth, Inflation Seen Strengthening in 2011: Poll 
http://www.cnbc.com/id/41489831

Job Growth Too Low, Deficit Must Be Controlled: Bernanke
http://www.cnbc.com/id/41489883

Using Greed—and Lots of Cash—to Fight Greed
http://www.cnbc.com/id/41257939

Wednesday Look Ahead: Fed Under Fire as Markets Question Easing 
http://www.cnbc.com/id/41482371

Halftime: Are Calls for $100 Oil, Wrong?
http://www.cnbc.com/id/41473190

'Fast' Traders: No Correction Around the Corner
http://www.cnbc.com/id/41475048

Cramer: Go Long Gold, Study Micron Tech
http://www.cnbc.com/id/41477681

Apple Is Most Valuable Company on Earth: Analysts
http://www.cnbc.com/id/41473211

Goldman Sachs Turns Bullish on Stocks in European Banks Bond Market Shuns
http://www.bloomberg.com/news/2011-02-08/goldman-sachs-turns-bullish-on-stocks-in-european-banks-bond-market-shuns.html

JPMorgan Sees Oil `Notable Correction' as Unrest Eases
http://www.bloomberg.com/news/2011-02-08/jpmorgan-says-bullish-crude-oil-investors-should-consider-taking-profit.html

Tuesday Look Ahead: Markets Respond to Tail Winds for Now
http://www.cnbc.com/id/41465643

Technician Sees S&P Pause at 1330
http://www.cnbc.com/id/41464603

Biggs Says Asia Stocks to Beat S&P 500 in Next Year
http://www.bloomberg.com/news/2011-02-02/biggs-says-asia-stocks-to-beat-s-p-500-over-next-year-is-bullish-on-china.html 

Oil in Long-Term Uptrend, Regardless of Middle East: Charts
http://www.cnbc.com/id/41466774

Don't Count on Euro Strength: FX Strategist
http://www.cnbc.com/id/15840232?video=1783646849&play=1

Apple: Losing its Luster?
http://www.cnbc.com/id/15840232?video=1784297841&play=1

Investors Starting to Believe That Inflation Threat is Real
http://www.cnbc.com/id/41459941

Rate Hike Would Be 'Devastating' for Pound: HSBC
http://www.cnbc.com/id/41458152

Van Agtmael Sees ‘Opportunity’ in Emerging Markets
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=agohITJr7BQ8

No Financial Armageddon Ahead, Options Traders Say
http://www.bloomberg.com/news/2011-02-03/options-show-no-armageddon-ahead-for-financial-stocks-as-volatility-drops.html

Daily Forex Technicals Written by FXtechtrade
DOW JONES INDEX
Today's support: - 12048.62 and 12015.20(main), where a delay and correction may happen. Break of the latter will give 11998.13, where correction also can be. Then follows 11963.27 Be there a strong impulse, we shall see 11944.36. Continuation will bring 11923.12. Today's resistance: - 12172.46 and 12196.14(main), where a delay and correction may happen. Break would bring 12224.72 where a correction may happen. Then follows 12250.30, where a delay and correction could also be. Be there a strong impulse, we'd see 12282.37. Continuation would bring 12307.50.

Gold Weekly Technical Outlook ONG Focus Written by Oil N' Gold
Comex Gold (GC)
Gold's recovery from 1309.1 is possibly still in progress with 1325.4 support intact. Nevertheless, we'd expect upside to be limited by 61.8% retracement of 1424.4 to 1309.1 at 1380.4 and bring fall resumption. Below 1325.4 minor support will flip bias back to the downside for 1309.1 and below. However, sustained trading above 1380.4 fibonacci level will turn focus back to 1424.4 high instead.

Nymex Crude Oil (CL)
Crude oil edged higher to 92.84 but failed to sustain gain and retreated back. At this point, another rise is still in favor as long as 88.40 minor support holds. Break of 92.84 resistance will bring resumption of whole rally from 64.23 towards 100 psychological level. However, break of 88.40 will turn focus back to 85.11. Further break of 85.11 will indicate topping and should bring deeper decline.