Bill Cara’s Blog for Feb 2, 2012

CTA Trading Desk Morning Report

[7:00am ET] Good morning.

Two days ago when interviewed on CNBC, CPM Group’s metals analyst Jeffrey Christian opined that Gold had reached a cyclical peak that day or perhaps the following day, and that prices would trend lower for the rest of the year. He cited excessive production, excessive sales of jewelry for cash, and lack of investment demand. While I respect the CPM service and its publications, I must note that he too often has made the same call only to be embarrassed as Gold reached much higher levels.

This morning technical analyst Colin Twiggs seemed to think that Gold might soon test 1800 and if it didn’t, which he says was just as likely, then the price would re-test 1500. But if it surpassed 1800, the next target would be 2100. So, with the price at 1750, maybe it’s going to 1500, 1800 or 2100! I’m sure that really helps you make a decision. NOT!

It’s a hard call to make at this point. On the same day of the Christian interview, CNBC’s Fast Money people seemed to really like Gold here. Among the group, Dennis Gartman talked of Gold in Euros, which I found amusing and I’ll leave it at that.

As for me, I think the next month will be modestly bullish for Gold prices, reaching higher into maybe 1800-1900, largely on its present momentum due to softness in the US Dollar. From that point forward, the Gold price is likely to struggle under the evolving problems in Europe – next with Portugal, Spain, and maybe Italy again, until the Dollar starts to pull-back based on Fed moves to strengthen the economy ahead of the November US elections.

But the real issue here for me is that, while the price of Gold may sidetrack, the share prices of the junior and intermediate size miners and developers ought to continue lifting based on cash flow and reserve expansion considerations. Traders will be wary of the dilution effect of takeovers of the majors, so I think those prices will underperform the rest.

As usual, I will be keying gains off the Rupee and the Ruble and the GDXJ:GDX ratio chart.

In Europe this morning prices are mixed and quiet except for Glencore (GLEN.L +5.6%) and Xstrata (XTA.L +9.9%). The amalgamation of these two sisters is about to happen finally. The result will be one of the world’s leading mining companies, particularly in copper and coal.

Here is the Hourly chart (UK time) of XTA in green and GLEN in blue. The stocks are up close to +20% in the past three weeks.

blog12_feb_2.1.gif

Have a good day.


[8:30am ET] Good morning, Geoff here.

Following yesterday’s rally, markets are mixed this morning with US stock futures slightly lower right now.

The S&P 500 continues to consolidate prior to moving out of a 2 week trading range. Perusing charts of the Cara 100 shows any number of individual names that are poised for a possible pop should the broad market rally. Look at the charts on names like; ERJ, DOW, ORCL, ABB, ABV, GGB, TS, ATML…and many more. Any one of those stocks could leap higher at anytime. Let’s hope they do because we are long; ERJ, ABB, ABV, GGB, TS and have buy stops in the others should they breakout.

To be clear, we also have GTC sell stops entered on other current holdings should they fail. In other words, the market is consolidating and could break either way so we will let the market’s price action dictate what happens to our strategies.

Btw, last month I wrote a lot about the defensive actions that we were taking, particularly in All-Weather. Holding cash, bonds and hedging gains doesn’t necessarily mean that you will underperform the market. All of our strategies, including All-Weather, are beating the S&P handily in 2012, so we must be doing something right.

What we are doing right is letting market action dictate our trading. We do not go “all in” on any one viewpoint, instead we have multiple scenarios planned for and trade based on which scenario plays out. Of course it is impossible to completely detach yourself from your opinion, but successful traders are able to turn on a dime and that is what we all need to improve upon. No matter how long you are in this business, there is always something new to learn and mistakes will be made. The sooner you realize that trading is not about perfection, the sooner you will be successful.

Currently, the market is showing definite signs of strength. However, the US dollar is due for a rally of some sort and that will put pressure on stocks and gold. It appears that too many traders are waiting to buy the dips for the market to decline too much, but we will see how it all plays out.

Have a great trading day!


Here are the 7:00am ET snapshots of the latest equity market trading results for Europe, and futures prices plus 5-minute charts of the futures for S&P 500, 30-year US Treasury Bond, US Dollar index, Gold and Crude Oil.

Symbol Name Last Trade Change Related Info
^ATX ATX 2,141.00 Feb 1 Up 61.20 (2.94%) Components, Chart, More
^BFX BEL-20 2,262.16 6:50AM EST Down 2.57 (0.11%) Components, Chart, More
^FCHI CAC 40 3,371.14 6:50AM EST Up 3.68 (0.11%) Components, Chart, More
^GDAXI DAX 6,633.46 6:36AM EST Up 16.82 (0.25%) Components, Chart, More
^AEX AEX General 323.00 6:27AM EST Down 2.15 (0.66%) Components, Chart, More
^OSEAX OSE All Share 457.26 6:36AM EST Down 2.11 (0.46%) Components, Chart, More
^OMXSPI Stockholm General 334.14 6:59AM EST Up 0.65 (0.19%) Components, Chart, More
^SSMI Swiss Market 6,052.79 6:43AM EST Down 17.12 (0.28%) Components, Chart, More
^FTSE FTSE 100 5,784.00 6:36AM EST Down 6.72 (0.12%) Components, Chart, More
FPXAA.PR PX Index 992.20 6:52AM EST Up 8.90 (0.91%) Chart, More
ESI500000000.MA IGBM 877.40 6:00AM EST Up 3.42 (0.39%) Components, Chart, More
MICEXINDEXCF.ME MICEX Index 1,538.18 7:52AM EST Down 6.46 (0.42%) Chart, More
GD.AT Athex Composite Share Price Index 788.99 6:41AM EST Down 7.11 (0.89%) Chart, More

http://finviz.com/futures.ashx

http://finviz.com/fut_chart.ashx?p=m5&t=ES

http://finviz.com/fut_chart.ashx?p=m5&t=ZB

http://finviz.com/fut_chart.ashx?p=m5&t=DX

http://finviz.com/fut_chart.ashx?p=m5&t=GC

http://finviz.com/fut_chart.ashx?p=m5&t=SI

http://finviz.com/fut_chart.ashx?p=m5&t=CL

The team will check in during the day, reporting in the Discourse when there is a new entry.

Enjoy your day.


Cara on Trends & Cycles


Vad’s Catch of the Day


Kaimu’s Sound Money


CTA Trading Desk Mid-Day Report


CTA Trading Desk Post-Close Report


  1. [No set time] Chain Store Sales 7:30 AM ET Challenger... [#104471]
    By: davefairtex (5215 comments) Go to top ↑
    • [No set time] Chain Store Sales
    • 7:30 AM ET Challenger Job-Cut Report
    • 8:30 AM ET Jobless Claims
    • 8:30 AM ET Productivity and Costs
    • 9:45 AM ET Bloomberg Consumer Comfort Index
    • 10:30 AM ET EIA Natural Gas Report
    • 4:30 PM ET Fed Balance Sheet
    • 4:30 PM ET Money Supply
  2. 6 in Distribution Zone 2 in Sell alert Accumulation... [#104472]
    By: davefairtex (5215 comments) Go to top ↑
    • 6 in Distribution Zone
    • 2 in Sell alert

    Accumulation Zone: Monthly 5, Weekly 0, Daily 7
    Distribution Zone: Monthly 12, Weekly 20, Daily 37

  3. TOTAL VEHICLE SALES US for Jan Actual: 14.13M Cons.:... [#104473]
    By: Les (7233 comments) Go to top ↑

    TOTAL VEHICLE SALES US for Jan
    Actual: 14.13M Cons.: 10.60M Previous: 13.48M Revised from 13.60M

    MONETARY BASE (YOY) Japan for Jan
    Actual: 15.0% Cons.: 14.6% Previous: 13.5%

    BUILDING PERMITS (YOY) Australia for Dec
    Actual: -24.5% Cons.: -22.1% Previous: -17.5% Revised from -18.9%

    TRADE BALANCE Australia for Dec
    Actual: 1.71B Cons.: 1.23B Previous: 1.34B Revised from 1.38B

    TRADE BALANCE Switzerland for Dec
    Actual: 2.000B Cons.: 2.850B Previous: 2.945B Revised from 2.945B

    PMI CONSTRUCTION UK for Jan
    Actual: 51.4 Cons.: 52.7 Previous: 53.2

    PRODUCER PRICE INDEX (YOY) EMU for Dec
    Actual: 4.3% Cons.: 4.4% Previous: 5.4% Revised from 5.4%

    http://www.fx360.com/calendar/

    If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn’t. And contrary wise, what it is, it wouldn’t be. And what it wouldn’t be, it would. You see! – anonymous central banker, quoting Alice in Wonderland.

  4. ... [#104474]
    By: Mark H (1363 comments) Go to top ↑
  5. Is the dollar beginning to build a solid base? If broken... [#104475]
    By: dberryclan (687 comments) Go to top ↑

    Is the dollar beginning to build a solid base? If broken will it decline rapidly? What is it waiting for? Europe?

  6. Good morning. 07:30 Challenger Job Cuts (+38.9%) 08:30... [#104476]
    By: Bull Hunter (3552 comments) Go to top ↑

    Good morning.

    07:30 Challenger Job Cuts (+38.9%)
    08:30 Jobless Claims (full report here: http://is.gd/unHFuU)
    08:30 Productivity-Prel
    08:30 Unit Labor Costs

    ——

    QCOM – PT Lifted from $75 to $77 @ FBR. Outperform

    QCOM – PT Lifted from $65 to $70 @ Oppenheimer. Outperform

    ——

    “A wise and frugal government which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.” ~ Thomas Jefferson

  7. ... [#104479]
    By: Bill Cara (4105 comments) Go to top ↑
  8. Have you missed the rally? Then you did not act on the... [#104478]
    By: pulse (324 comments) Go to top ↑

    Have you missed the rally? Then you did not act on the guidance provided for our benefit in the WIR.

    ‘Global Strategists Abandoning Bearish Views After Missing Rally’ was the lead on my Bloomberg visit this morning.

    http://www.bloomberg.com/news/2012-02-01/global-st

    The risk is now greater.

    Many would like to rely on their honest and disciplined life savings to maintain a standard of living they are comfortable with. However, in this age of the bankster, stable savings are not available. The forces of power are resolute in their views of wealth creation and confiscation.

    Look at their faces as they dodge and attempt to dismiss the journalist’s question. Eat your cake and shutup peasant!

    http://www.youtube.com/watch?v=1Vo6VzQddi0

    We can get locked in to a viewpoint (ideology) and fail to adapt to the cyclical changes around us. The Central Bankers ideology is their major flaw, IMO. My best read yesterday was found outside my usual rounds and challenged my thoughts. I hope you will benefit;

    http://gonzalolira.blogspot.com/2012/02/pernicious

    • ... [#104482]
      By: ea32da32 (2362 comments) Go to top ↑
      • I enjoyed that read, Earl. The perspective is one that I... [#104488]
        By: pulse (324 comments) Go to top ↑

        I enjoyed that read, Earl. The perspective is one that I have not considered recently. Noticing the author describe herself as an unapologetic neo-con, then protesting The Machiavellian practices is puzzling to my sensibilities reflecting on the successful campaign detailed in The Project for a New American Century. The ‘ends justify the means’ seems to have been elevated as accepted, nay essential, behaviour by this group especially. I believe this is a disease and a curse which has touched us all.

        Perhaps I have become extreme, myself. I have narrowed my balancing of facts to some basic elements of apparent truth. Primary among these is devotion to legacy requiring promotion of honest measures, respect of neighbour, elevating truth and exposing deception. Competiton is very healthy, but a lust for victory will crush a nation’s foundation.

        I love Ron Paul’s history – he will leave a thoughtful message detailing the woes of monetary meddling. However, to abruptly change direction without allowing room for compassion and a pursuit of balance within a highly structured and entitled era will not, ultimately, serve the people or his ideology well. I find Ayn Rand’s views repulsive, though worthy of examination. Same for the Marx ideology. Balance in all things.

        I admire principles, while pursuing compromise! Therefore it is impossible for me to discover appeal in the left or the right who refuse to recognize the mistakes of their doctrine and the blatant evidence of suffering surrounding them.

        What I now look for is unselfish devotion to justice and a humble recognition of fault. Many would declare this as weakness. It is absent within the current paradigm of divisive leadership being fed to us, maintaining the status quo – which must crumble.

        Thanks Earl,
        pulse

      • Earl; I read this Washington Post article on an alleged... [#104499]
        By: pulse (324 comments) Go to top ↑

        Earl;

        I read this Washington Post article on an alleged alliance being crafted with Paul/Romney camps;

        http://www.washingtonpost.com/politics/for-paul-an

        If the source is to be believed, it would seem rather….. Machiavellian!

        • I lilke it at first glance. The two probably have more in... [#104503]
          By: westcoaster (1130 comments) Go to top ↑

          I lilke it at first glance. The two probably have more in common (faith) than Romney has with the godless sleazeballs that are bankrolling him. For Paul, some leverage to get his views represented. For Americans: a turn into the direction of fiscal sanity. Did you all see this? http://www.stevebridges.com/obamavideos-promo-Aug-… Apparently Obama is offended. No sense of humor. Dangerous.

        • ... [#104510]
          By: ea32da32 (2362 comments) Go to top ↑
          • Earl, you are very welcome. I will feel alot more... [#104514]
            By: pulse (324 comments) Go to top ↑

            Earl, you are very welcome.

            I will feel alot more optimistic about my daughter’s future when I see far more public demands from American leaders regarding the destruction of the firewall that separated the buy and sell sides. Further to that, confidence will be restored when the blatant fraud and judicial negligence surrounding the massive Robo-signing issues is exposed and prosecuted.

            Ron Paul speaks of the excessive influence of ‘corporatism.’ He would swing alot more centre Democrats with a persistent and clear condemnation of the many breaches of law via legal stickhandling, regulatory capture and monetary settlements at the courthouse steps (there will be many more when the pension funds start to default due to their 8% growth models.) This is also Obama’s greatest weakness in the betrayal of hope.

            An alliance with Romney may increase the exposure of RPs message and fits within my ideas of a principled compromise. However, will this dilution of principle (especially with a champion from private equity who offshores profits from former American manufacturing facilities) suck the energy out of the young Paul supporters who long for justice and opportunity on a level playing field?

            http://billmoyers.com/segment/byron-dorgan-on-maki

            RP demanding the rule of law and Congressional declaration of war would be enough for me. Oh, and Romney would make a pretty good VP! (HAHAHA)

            I am so delighted America may be allowed to have this debate. I can envision a nation beginning to regain moral authority, free will and the strength to compete with emerging competitors. This could make my year!

            Great to see you in the battle to regain your Constitution.

            pulse

    • I am one who missed this rally, but I also missed the... [#104489]
      By: pauldkk (92 comments) Go to top ↑

      I am one who missed this rally, but I also missed the housing and bank meltdown in 2008. This market reminds me so much of 2001 it’s scary. Remember AOL. It’s impossible to properly value anything when prices are not allowed to fall. Speculators have been embolden and margin levels are back to historic levels. I don’t want to be bearish but I know if the fed rescinded its support and we had a balanced budget prices would be significantly lower and interest rates would be much higher. With that in mind everyone and that includes Bill are just guessing and gambling. Anyone who is a good steward of assets who does not recognize this will pay an unbelievable price. The bears are not wrong they are just early. I have ventured out of my cave and bought some puts on companies with insane valuations. I remember 2001 do you?

      • Speculators have been embolden and margin levels are back... [#104495]
        By: pulse (324 comments) Go to top ↑

        Speculators have been embolden and margin levels are back to historic levels. I don’t want to be bearish but I know if the fed rescinded its support and we had a balanced budget prices would be significantly lower and interest rates would be much higher.

        Yes. My point was that Bill is here to help you navigate through this labyrinth and my suggestion is there is no safety for savings, anywhere. Although there IS opportunity. I read a guy, every day, who has been bearish for 5 years constantly pounding on the same facts. His observations, facts and figuring are correct and he seems well intentioned, but he is trapped with a mindset that overlooks the reality of the meddling system of financial and political adultery we are living under.

        Much effort is placed on inflation/deflation on the blogosphere. The simple truth is ‘they’ have special knowledge, they will fight deflation with everything they have, they can no longer afford high interest rates (at all) and they wish you to remain in the casino of trickery and selective regulatory enforcement.

        Bill is attempting to provide some guidance. I cherish the ability to be independent and enjoy the opportunity for success furnished by consistent and disciplined study.

        Paul, if you remain bearish you will undoubtedly be proven right.

        Regarding ‘good steward of assets’ – I should mention that I am weighing withdrawing from the casino, though it has been good to me. The ‘good stewards’ of regulatory capture are strangely silent about the accountablity of such institutions as DTCC, ESF, ISDA amongst many other shadows lurking in the dark and I find it increasingly stressful to ponder the loss of my efforts through confiscation ala MF Global.

        Cheers!

        • Pulse, Being bearish doesn't mean I'm not invested, it... [#104504]
          By: pauldkk (92 comments) Go to top ↑

          Pulse,
          Being bearish doesn’t mean I’m not invested, it just means I very careful and I will not keep a normal allocation in stocks and I am using alternative products. I keep an abnormally high level of cash for buying opportunities. Last year I put 25% in closed end munis and I have just now started to sell some. I do think now is the time to establish short and long put positions. Just because the market has gone up 10+% is not a reason to sound the all clear. The same problems are still here(none of which have been resolved.

  9. BC - Brunswick initiated with an Outperform at Avondale... [#104480]
    By: Bull Hunter (3552 comments) Go to top ↑

    BC – Brunswick initiated with an Outperform at Avondale. Target $27

    BRCM – Canaccord Initiates with a Buy. Target $45

  10. C&H on daily, 7.50... [#104483]
    By: Vadym Graifer (4341 comments) Go to top ↑

    C&H on daily, 7.50 break

  11. Probable fraud, but still lots of questions. What will... [#104484]
    By: Bill Cara (4105 comments) Go to top ↑
  12. JNJ - Johnson & Johnson downgraded to Market Perform... [#104485]
    By: Bull Hunter (3552 comments) Go to top ↑

    JNJ – Johnson & Johnson downgraded to Market Perform from Outperform at First Global.

    QCOM – Qualcomm target, estimates increased at Citigroup. Shares of QCOM now seen reaching $73, according to Citigroup. Continues to benefit from smartphone proliferation. Buy rating.

    QCOM – Qualcomm estimates, target increased at Goldman. QCOM estimates were raised through 2014, Goldman Sachs said. Company is realizing higher demand and pricing. Buy rating and new $72 price target.

  13. INITIAL JOBLESS CLAIMS for Jan 28 Actual: 367K Cons.: 375K... [#104486]
    By: Les (7233 comments) Go to top ↑

    INITIAL JOBLESS CLAIMS for Jan 28
    Actual: 367K Cons.: 375K Previous: 379K Revised from 377K

    CONTINUING JOBLESS CLAIMS for Jan 21
    Actual: 3.437M Cons.: 3.560M Previous: 3.567M Revised from 3.567M

    NONFARM PRODUCTIVITY Q4 provisional
    Actual: 0.7% Cons.: 1.0% Previous: 1.9% Revised from 2.3%

    UNIT LABOR COSTS Q4 provisional
    Actual: 1.2% Cons.: 0.8% Previous: -2.5%

    http://www.fx360.com/calendar/

  14. ... [#104487]
    By: Vadym Graifer (4341 comments) Go to top ↑
  15. Pulse, reply to my post: 102476 Apologies for the late... [#104490]
    By: loannetter (1298 comments) Go to top ↑

    Pulse, reply to my post: 102476

    Apologies for the late reply to my post last Friday suggesting homeowners in America benefit personally from the bailouts. I have been so busy refinancing hapless homeowners and saving them $300 per month on their mortgage payments I fogot to tell that a ‘strong person of honest measure’ would rather die than accept this help to their families given by the godfathers as you so kindly refer to our banks. Tell corporate investors who are making wads on rigged gain from their hedge funds and treasuries to suck up and walk the other way and maybe the housing market will take your preferred permanent nosedive and bring down the banks (what a lovely thought). Not the out of power (and power bill money) homeowner. Their home is likely their only investment and they are counting on having a roof over their heads.

    • loannetter; Some context for you. I live in the land not... [#104491]
      By: pulse (324 comments) Go to top ↑

      loannetter;

      Some context for you. I live in the land not yet crushed by false promises – but it is coming. The root is in government meddling in areas where they rely on experts who stand to profit by the lawmaker’s action and the regulator’s lack of ambition.

      If you wish, see all the human tendencies to ignore the results of compounding numbers repeating here, in my ballpark, where the first signs of bubble leakage are appearing after apparently limitless bubble blowing by Central Planning;

      http://www.greaterfool.ca/2012/02/01/spring-fling/

      Our Canada Mortgage & Housing Corportion is F&F squared, complete with Mortgage Electronic Registries and internationally pooled mortgage securities. Linda Green may have moved north!

      The problems are not one side versus the other. The problem lies with the rubber rulers everyone is using to measure wealth and our tendency to see only good vs. bad rather than degrees of both. BTW, I find the bailouts to the thieves approximately 500 times worse than any perceived crumbs falling to the aid of those victims of deceit who will, again choose to remain in debt bondage while supporting the institutions of fraud.

      However, if RE were allowed to find its bottom – poor people will only then be able to afford their home due to the massive leveraged overbuilding AND the youth would have some ability to arrange REAL hope. This optimism would not be encumbered with some government assistance scheme, no doubt administered by the very same bandits who conspired orignally.

      The schemes are not new, at all. My mother had a saying about some road being paved with good intentions.

      Strike the root!
      pulse

      • Pulse, Some context for you: I live in swimming distance... [#104502]
        By: loannetter (1298 comments) Go to top ↑

        Pulse,

        Some context for you: I live in swimming distance to your fair border and enjoy your own foreign national/US residents buying up our devalued housing in droves.

        Why is that?

        Perhaps one viewing of HGTV home and garden evening tellie featuring exhorbidant home prices and living standards in Oh-Can-a-da is a hint. What country can say their gubermint is NOT benefitting the banks and corporate investors? Speak to your leadership, not down to me.

        • loannetter; I would like to tell you the reason for the... [#104509]
          By: pulse (324 comments) Go to top ↑

          loannetter;

          I would like to tell you the reason for the activity in cross border real estate is due to lower prices attracting capital. This, however would be only partially true. I cannot site concrete facts without an exhaustive search, only suggest that enormous HELOCs were offered rather freely to myself and many acquaintances with low-doc or, in my case no-doc – just free-up that useless equity – well, you know the game plan, all too well. I would think much of that funny money is directed south along with our manufacturing jobs.

          Just yesterday, I read in the business section of the Toronto Star of a great way to get rich buying up Florida real estate! The value of our currency is up 70% in the last 10 years also feeding the snowbirds on their southern flights. This same international liquidity happened with a great influx of Japanese money to Canada in the late ’80s (oops). All these issues of instability revolve around the free-trade/floating currency regime unleashed on the world in 1971.

          Government and banking do not serve anymore. I believe much of the blame lies in the international institutions (created by governments, funding with national tax/debt commitments) who remain unaccountable. Their playground is the Forex markets. I am quite happy to attempt to communicate with you, rather than attendees of Davos 2012.

          I will continue to polish my efforts at polite discourse.

          Be well.

      • Pulse, your reference to measuring with a rubber ruler is... [#104508]
        By: arjay (29 comments) Go to top ↑

        Pulse, your reference to measuring with a rubber ruler is apropos of a recent comment I heard referring to the Canadian housing boom as a “balloon” rather than a “bubble”. Although it could still burst,it just needs a greater amount of inflation. I think the answer may lie somewhere between ,maybe more like “bubblegum”.

  16. ... [#104492]
    By: Bill Cara (4105 comments) Go to top ↑
  17. I posted a put option trade in SBUX yesterday and checked... [#104493]
    By: leftthread (22 comments) Go to top ↑

    I posted a put option trade in SBUX yesterday and checked the volume later that day:
    the April 12 47 puts jumped over a 1000 in volume.

  18. "We need to have some understanding of what it means to be... [#104496]
    By: pulse (324 comments) Go to top ↑

    “We need to have some understanding of what it means to be free and how we protect these liberties.”

    http://djia.tv/ron-paul/ron-pauls-full-speech-in-d

    32 minutes and I bet you can’t hear him promise some benefit he will fabricate with fiat or take from someone else.

  19. ... [#104497]
    By: westcoaster (1130 comments) Go to top ↑
  20. Selling off today after stellar quarterly reports and big... [#104501]
    By: westcoaster (1130 comments) Go to top ↑

    Selling off today after stellar quarterly reports and big up AH last night What’s up? I think it’s a fakeout, and I’m adding to JDSU. QCOM entering NRZ. Can buy. Just like RIMM and POT a few weeks ago. A bunch of downgrades and the stock immediately starts rising. Things to know. We’ll see where things sit in a couple of weeks.

  21. It would be 'uncharitable' to accuse those resenting the... [#104505]
    By: Ron Sen (975 comments) Go to top ↑

    It would be ‘uncharitable’ to accuse those resenting the social ‘safety net’ as being uncharitable. I won’t go there.

    To paraphrase Elizabeth Warren, so many self-made individuals did so on the backs of publicly funded education, a transportation grid of publicly funded roads and bridges, and so on.

    If Arab Spring re-taught us anything, it is that failure to provide for those least well-off among us, particularly with respect to food availability and prices, produces social unrest that can displace even the top of the one percent.

    Why we must spend billions to elect (or displace) leaders who seem more intent on improving their own lot than those of the greater nation is the bigger mystery. Tearing down opposition seems to hold more weight than building up the country.

  22. Goal scored on my usual TNA-TZA trade today. Attached chart... [#104506]
    By: Bear E (287 comments) Go to top ↑

    Goal scored on my usual TNA-TZA trade today. Attached chart on TNA only shows more clearly then pairs trade chart.
    Thank you Vad!

  23. USAA says its suite of mobile tools was used 127 percent... [#104511]
    By: Sedona (77 comments) Go to top ↑

    USAA says its suite of mobile tools was used 127 percent more by members in 2011 than in 2010. The specific tool charting the highest rate of growth was a banking app, USAA Deposit@Mobile, which recorded a 150-percent increase in usage over 2010, with roughly 7.7 million checks totaling $4.3 billion deposited via the app. The company also saw a spike in apps that help consumers shop for a new vehicle and auto insurance, which was used some 2.5 million times.

  24. My chart of USLV and... [#104512]
    By: California Kid (278 comments) Go to top ↑

    My chart of USLV and PSLV

    http://stockcharts.com/freecharts/perf.html?uslv%2

    Thought I would post the progress of my first futures play and compare it to where the money was working before. As I mentioned before it is an auto pilot play in that a Swiss Broker controls it on a distant foreign Island. It has the players betting times three up or down daily silver swings. It usually trades in volume all its shares in a day. I consider it quite liquid in that over night it tens to get waked when the bankers take down silver.

    As in all things this will not last. Silver is the age we live in. It protects us from germs, grabs the suns energy, powers and guides our avionics, has properties desired in a metal in an oxygen rich environment. Now we have a hordes fund for this metal PSLV. And I believe Eric Sprott knows what he is doing in his universe.

    In October I found an 3X fund following silver USLV. Thinking being if I am a believer in physical silver and the COMEX is in turmoil why not stretch the bet to 3X on the table. So I exchanged the shares and promptly learned the Bears are nothing compared to the Sharks that play 3X.

    Over my vacation time I sat and watched how quickly computer adapt. In one window I had my Forex silver chart set at 1 minute building and destroying candle sticks. Now because curious minds want to know I opened a window at BATZ to watch the price action and volume at the bid and ask. By how the bids and asks danced I could predict which way the candle stick was going to go. That is the computers had the data, modified their positions and looked like two ends of a magnet hard at work at a poker game of fish.

    So, my thought was its liquid, filled with sharks, I don’t need the cash any time soon and my wife is younger. So, some day and this day may never come I will shove them to the sharks. But hopefully not before . . .

    Silver up 1.93%

    USLV up 5.38%

    PSLV up 2.35%

    Warning after many years of this I am thoroughly convinced I don’t have a clue as to what I am doing, but lately the big boys have been falling by the side and my accounts are up thanks to all of you.

    My next thought are in Gyana as it is now the dry season and the drills can work and move. My only penny stock has reported today Beijing Donia Resources Co., Ltd. is coming on board with $5 million after just reporting a new $3 million in private placements. This new exploratory miner is in the region where PMI Gold has found its deposit and is starting to hunt in its abnormalities Fields.

    I think they might have liked what they saw.

    http://www.marketwire.com/press-release/castle-pea

  25. Fleck on King World news>... [#104513]
    By: baz22 (2875 comments) Go to top ↑
  26. "As usual, I will be keying gains off the Rupee and the... [#104516]
    By: Les (7233 comments) Go to top ↑

    “As usual, I will be keying gains off the Rupee and the Ruble and the GDXJ:GDX ratio chart… Traders will be wary of the dilution effect of takeovers of the majors, so I think those prices will underperform the rest.”

    Shareholder dilution makes sense for the under-performance – thanks for clarifying that. The Rupee has made solid gains as the attached USD/INR chart shows. I note the zone of consolidation here likely to serve as support for Uncle Buck. That may coincide with PM’s cooling their heels here. When you look at the downside still left to USD/INR and you look at the daily gold chart, then things don’t look so bad – certainly not going to hell in a hand basket as the cheerleaders were portending recently. I see Indian marriage season runs through to May or something like that.

    In any case, if that trendline resistance in $gold:$silver is broken, then I’ll be looking for further downside and potential consolidation:

    http://tinyurl.com/7mgwqar

    CEW – Emerging market currencies. A solid run from Dec, the support base of which presaged a reversal in the dollar long before Uncle Buck itself was ready to roll over. Some RSI bearish divergence kicking in at overbought levels of 70+ as CEW hits the 200MA. A potential for easing off here and as Geoff remarked premarket, some money flowing back into Uncle Buck as it develops a base at 79:

    http://stockcharts.com/h-sc/ui?s=CEW&p=D&b=5&g=0&i

  27. ... [#104517]
    By: Les (7233 comments) Go to top ↑