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Wednesday, January 11, 2012

USD_Advances_Ahead_of_BoE_ECB-_Index_Poised_for_Further_Gains_body_Picture_2.png, USD Advances Ahead of BoE, ECB- Index Poised for Further Gains
USD_Advances_Ahead_of_BoE_ECB-_Index_Poised_for_Further_Gains_body_Picture_3.png, USD Advances Ahead of BoE, ECB- Index Poised for Further Gains
The greenback snapped a two-day losing streak in North American trade with the Dow Jones FXCM Dollar Index advancing 0.39% on the session. Equity markets were sharply off at the open, spending the majority of the day paring early losses with the major indices mixed at the close of trade in New York. The NASDAQ managed to eke out a …

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If ever there was a day to be short the volatility of volatility, it was today. In fact, today established a new record for the smallest (in percentage terms) intraday range for the VIX, a mere 1.14%.
For those who are curious (and I know you are out there), the previous record of 1.24% dates from August 29, 2003.
The…

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HARD LIKE A ROCK

by ZorTrades on January 11, 2012

in Stocks

Vulcan materials is sporting an interesting chart, it had a big move on 12/12/2011 and since then it has traded sideways in tight range for 20 days.  That range is breaking today.  According to IBD, $VMC industry is ranked #6, so the sector is doing well.  18 million shares are short which equals 14% of the float, it will take…

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Today Direxion announced they have launched three ETFs whose intent is to match their exposure to an underlying equity index based upon current levels of market volatility. The new ETFs are as follows:

Direxion S&P 500 RC Volatility Response Shares (VSPY)
Direxion S&P 1500 RC Volatility Response Shares (VSPR)
Direxion S&P Latin America 40 RC Volatility Response Shares (VLAT)

The…

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The situation in Europe remains fragile.  Most market watchers feel that the Eurozone is in a recession or will enter a recession in 2012.  Tomorrow the ECB governing council meets and will make an interest rate announcement.  I care less about the action taken by the ECB than I do about the reaction of the markets.  The ECB may announce…

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DJ FXCM Dollar Index

Index Last High Low Daily Change (%) Daily Range (% of ATR)
DJ-FXCM Dollar Index 10012.03 10022.97 9960.99 0.45 96.71%

USD_Index_Poised_For_Bullish_Breakout_Euro_Outlook_Weighed_By_ECB_body_ScreenShot072.png, USD Index Poised For Bullish Breakout, Euro Outlook Weighed By ECB
The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.45 percent higher from the open as market participants scaled back their appetite for risk, and the rebound from 9,946 may gather pace over the next 24-hours …

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Gold and silver continue to rise along with the rest of the other commodities including oil. The Australian dollar appreciated against the US dollar. This rally in the Forex market may have also helped push up gold and silver. There are reports of rising imports of gold from Hong Kong to China; this news may also partially explain the recent …

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Talking Points

U.S. Dollar: Index Rebounds From Key Support, Fed’s Beige Book On Tap
Euro: Fitch Supports More ECB Purchases, All Eyes On President Mario Draghi
British Pound: Searches For Support Ahead Of BoE, Eyes 50.0% Fib

U.S. Dollar: Index Rebounds From Key Support, Fed’s Beige Book On Tap
The reserve currency rallied across the board on Tuesday, with the …

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Fundamental Headlines
• CFTC May Vote on Derivative Rules for Munis – Bloomberg
• Regulators May Expand Definition of ‘Too-Big-to-Fail’ – Bloomberg
• ECB Must do More to Prevent Euro Collapse: Fitch – Reuters
• German Economy Contracted at End of 2011 – WSJ
• Monti, Merkel Talks Focus on Growth – WSJ
European Session Summary
The rally by higher …

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The market for rare earth elements, which are required to make mobile phones and flat-screen TVs, among many other products, is quickly heating up. As new technologies become available, demand for rare earths will be as explosive as the potential returns.
Today I have two stock picks that will allow you to take advantage of the exploding demand for these

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Tom Essaye

After a few weeks of relative quiet from Europe during the holiday season, things are starting to heat back up in the region. This week will see a return of various leaders’ summits in Europe, with meetings scheduled between German Chancellor Angela Merkel, French President Nicolas Sarkozy, and new Italian Prime Minister Mario Monti.
Additionally, tomorrow we’ll have a European

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Talking Points

Crude Oil Losses Likely as Risk Appetite Evaporates, Beige Book on Tap
Gold to Face Selling Pressure as Safe-Haven Flows Boost US Dollar Anew

WTI Crude Oil (NY Close): $102.24 // +0.93 // +0.92%
S&P 500 stock index futures are pointing sharply lower ahead of the opening bell on Wall Street, hinting crude oil prices are likely to …

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