Stay Updated!

Sign-up for free email updates!

Thursday, September 8, 2011

And I have them for you. Drug stocks that is. Three pharmaceutical companies ARIAD Pharmacueticals, $ARIA, Jazz Pharmaceuticals, $JAZZ and Questcor Pharmaceuticals, $QCOR, are ready to break out and move higher. Let’s take a look. ARIAD Pharmacueticals, $ARIA ARIAD Pharmacueticals, $ARIA, plunged over 45% from July into August. But since then it has tested resistance at 10.153 times, each from…

{ 0 comments }

The Qs reversed last week against the 12 wk and 50 wk MAs, and again today below last week’s high.  Markets broke below last week’s low on Tuesday, and it appears that the short term trend remains down despite the 3 day rally.  Optimistic targets are at the lower Bollinger bands around 50.00, but 51.00 would be a more probable …

{ 0 comments }

Dollar Rallies Sharply as the Risk Drift Stalls, Euro Tumbles Euro Has Lost its Interest Rate Prop, Outlook Gloomy British Pound: Sometimes it Pays to be Quiet and Mysterious Canadian Dollar Ready for Volatile Reaction to Jobs Data Australian Stumbles after Employment Data, Opportunities on Some Crosses Swiss Franc Doesn’t Appreciate after Euro Exits the Rate Game Gold: Another Aggressive …

{ 0 comments }

DJ FXCM Dollar Index
Index Last High Low Daily Change (%) Daily Range (% of ATR)
DJ-FXCM Dollar Index 9585.58 9608.18 9561.07 0.17 64.44%
U.S._Dollar_Weakness_Ahead_Euro_Eyes_July_Low_body_ScreenShot056.png, U.S. Dollar Weakness Ahead, Euro Eyes July Low The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) remains 0.17% higher from the open after moving 64% of its average true range, and the reserve currency may continue to consolidate over the remainder of the week …

{ 0 comments }

Fundamental Headlines • Dollar, Treasuries Gain Before Obama Speech – Bloomberg • OECD Cuts Global Growth Forecast – Financial Times • Fitch Warns of Downgrades for China, Japan – Reuters • ECB Lowers Growth Forecast – WSJ • Fed Prepares to Act – WSJ European Session Summary The shift to risk-aversion that began in the Asian session and the first …

{ 0 comments }

Talking Points Euro: ECB Holds Rate At 1.50%, Softens Hawkish Rhetoric British Pound: BoE Maintains Current Policy, All Eyes On Policy Meeting Minutes U.S. Dollar: Mixed Across The Board, Fed Chairman Bernanke On Tap Euro: ECB Holds Rate At 1.50%, Softens Hawkish Rhetoric After holding the benchmark interest rate at 1.50%, the European Central Bank continued to soften its hawkish …

{ 0 comments }

The financial sector is a complete mess. But there are still ways to trade financial stocks without risking a bankroll. A pairs trade can often make a lot of sense. One pair I follow in the financial sector is the CBOE Holdings, $CBOE, against the IntercontinentalExchange, $ICE. The ratio chart of these two exchanges is below and shows a rising…

{ 0 comments }

Talking Points Crude Oil to Follow S&P 500 as Markets Look to Bernanke Speech Gold, Silver Gain on Hopes Fed Chairman Will Hint at QE3 Ahead WTI Crude Oil (NY Close): $89.34 // +3.32 // +3.86% Crude prices rebounded with the S&P 500 as expected yesterday after the Federal Reserve’s Charles Evans and John Williams delivered acutely dovish remarks while …

{ 0 comments }

Ron Rowland
Ben Bernanke keeps saying the Federal Reserve will do “everything it can” to encourage economic growth. But his first two “quantitative easing” programs were no help for average Americans. They were very beneficial for Wall Street, though, so the big banks want more. Meanwhile, Congress and the White House are locked in a no-win battle over government spending. Yet even…

{ 0 comments }

Dollar_Index_Just_Below_Key_Medium-Term_Resistance_Break_Looks_Imminent_body_9.png, Dollar Index Just Below Key Medium-Term Resistance; Break Looks Imminent As the Dow Jones FXCM Dollar Index (ticker: USDollar) consolidates its recent run higher in the 9,550-9,650 region we believe that price action in the next few sessions will be decisive in seeing if the index can make a run toward range highs at 9,770. We have identified a medium-term trend line coming off highs back in February which the …

{ 0 comments }

Talking Points Euro May Resume Decline as ECB Moves Away from Hawkish Posture BOE Rate Decision Likely Another Non-Event as Policy Remains on Hold S&P 500 Index Futures Accelerating Lower, Promising US Dollar Gains Australian Dollar Falls as Employment Unexpectedly Shrinks in August Monetary policy announcements from the European Central Bank and the Bank of England are in focus in …

{ 0 comments }

Sentiment rally from Wednesday at risk of faltering Commodity bloc and emerging markets exposed to weakness ahead Australian employment report comes out much weaker than expected Fitch warns of potential downgrades to Japan and China Morgan Stanley calls for coordinated central bank intervention this weekend ECB and BOE event risk on tap into North American open While risk correlated assets …

{ 0 comments }