CTA Trading Desk Morning Report
[7:00am ET] Good morning, Bill here.
Our son Will sent this message and photo early today from the hospital:
Little Owen is in the middle of a demonstration on how a perfect delivery should go.
Owen Reilly Cara was born last night just before 10pm – 2 weeks early – just like his big Sister Caitlin. 6lbs 9oz with reddish curly hair (hopefully it lasts).
Fiona is doing great, and I’ve had enough coffee to fuel a car. Fiona is actually really happy that there is no chance now that she will miss going for fish and chips on Good Friday, which was the due date (real concern).
Caitlin stayed with Fiona’s parents last night, and is going to meet her little Brother at some point this afternoon.
St Mikes has been great again, and they’re hinting that we will be discharged tomorrow (Thursday), so today will be a day of rest – until visiting hours open anyways.
We’re about to watch the sunrise now and have a little chat to talk about how he can start making the world a better place.
Will
Good morning, Geoff here.
Overnight, we sent out a free special report to those on our mailing list, so I will make this morning’s note short.
I failed to discuss the US Dollar in the report, but it is an important part of the message.
As you know, we have been waiting for the US Dollar rally to end. At that time, it will be “risk-on” in full. However, the Dollar strength has been amazing. You can see it in the chart below:
You can see that the Canadian Dollar, Australian Dollar, CRB, Gold and HUI have all moved above their respective 10 dma. However, that is only one day and until the US Dollar is clearly moving down again, that trend will not remain as the securities listed will be unable to find a true uptrend.
The good news is that the Buck is reaching the point of being extremely over-loved, which marks tops in moves. So, after a little more rally, the table will be set for a decline that could be quite shocking to most observers.
(chart courtesy of sentimentrader.com)
When the US Dollar begins to move lower, the items in the report will be moving up.
If you are not yet on our list, please e-mail us at [email protected] and we will add your email address and get you the latest report.
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 | 2,490.69 |  18.45 (0.74%) | Components, Chart, More |
| ^BFX | BEL-20 | 2,626.80 | 3.10 (0.12%) | Components, Chart, More |
| ^FCHI | CAC 40 | 3,825.43 | 14.54 (0.38%) | Components, Chart, More |
| ^GDAXI | DAX | 7,946.94 | 19.18 (0.24%) | Components, Chart, More |
| AEX.AS | AEX General | 351.06 | 1.00 (0.28%) | Components, Chart, More |
| ^OSEAX | OSE All Share | 525.20 | 2.22 (0.42%) | Components, Chart, More |
| ^OMXSPI | Stockholm General | 375.95 | 1.20 (0.32%) | Components, Chart, More |
| ^SSMI | Swiss Market | 7,766.28 | 36.65 (0.47%) | Components, Chart, More |
| ^FTSE | FTSE 100 | 6,457.36 | 53.26 (0.82%) | Components, Chart, More |
| FPXAA.PR | PX Index | 1,017.20 | 6.30 (0.62%) | Chart, More |
| MICEXINDEXCF.ME | MICEX Index | 1,501.76 | 0.00 (0.00%) | Chart, More |
| GD.AT | Athex Composite Share Price Index | 947.61 |  6.44 (0.68%) | 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 100 Company research notes from Seeking Alpha
Amazon.com (AMZN)
Mar12: 11:01 AM More on Amazon: 1) Morningstar and CIRP estimate Amazon’s Prime subs have surpassed 10M. They also estimate Prime members spend an average of $1,200/year on Amazon (twice as much as others), and that Amazon made $78 per Prime sub last year after various expenses. Bloomberg previously reported Amazon had only 3M-5M Prime subs as of Oct. ’11. 2) Amazon Web Services is making a stronger push for enterprise accounts by adding virtual private clouds as a default option. Microsoft, VMware, and OpenStack supporters are pitching private and/or hybrid clouds as an alternative to AWS.
BHP Billiton (BHP)
Mar13: 6:39 AM BHP (BHP) has denied any wrongdoing associated with its sponsorship of the Beijing Olympics, saying that it believes its “activities complied with all applicable law.” BHP’s comments came after Australian police and U.S. authorities opened an investigation into bribery allegations against BHP in relation to the games, which took place in 2008. Shares -0.2% premarket. Mar12: 11:56 AM BHP Billiton (BHP) is the subject of a joint U.S.-Australian criminal bribery investigation into alleged inducements, hospitality or gifts given to foreign officials including Chinese dignitaries, as part of a multimillion-dollar hospitality and sponsorship program for the 2008 Beijing Olympics. Authorities allege BHP broke several laws, including the U.S. Foreign Corrupt Practices Act.
Boeing (BA)
Mar12: 5:08 PM Boeing (BA) receives FAA approval for the company’s plan to test and certify improvements to the 787’s battery system. Successful completion of each step within the plan will result in the FAA’s approval to resume commercial 787 flights.
Chevron (CVX)
Mar12: 5:45 PM Chevron (CVX) plans to invest $36.7B to increase its oil and gas production this year, but only ~25% will be spent in the U.S., CEO John Watson tells CNBC. Increasing the proportion of money CVX puts into the U.S. will depend on more acreage being made available for exploration, easier permitting and more prudent environmental regulations.
Cisco Systems (CSCO)
Mar12: 11:01 AM More on Amazon: 1) Morningstar and CIRP estimate Amazon’s Prime subs have surpassed 10M. They also estimate Prime members spend an average of $1,200/year on Amazon (twice as much as others), and that Amazon made $78 per Prime sub last year after various expenses. Bloomberg previously reported Amazon had only 3M-5M Prime subs as of Oct. ’11. 2) Amazon Web Services is making a stronger push for enterprise accounts by adding virtual private clouds as a default option. Microsoft, VMware, and OpenStack supporters are pitching private and/or hybrid clouds as an alternative to AWS.
Coca-Cola (KO)
Mar13: 5:12 AM Coca-Cola (KO) has found itself in a bit of hot water in China’s southwestern Yunnan province, where authorities have accused the company of illegally mapping its territory and using GPS devices to gather confidential information. Coke says it uses the mapping systems for customer-services and logistical reasons; the Chinese are sensitive about it due to national security and border disputes.
Google (GOOG)
Mar12: 6:15 PM Google (GOOG) has bought DNNResearch, a startup leveraging neural networks to improve voice/image search. The purchase appears to be an “acqui-hire” – DNNresearch doesn’t have any products, but it does have Prof. Geoffrey Hinton, a renowned neural network expert. Google had long had an interest in using neural networks to analyze content not easily handled by traditional search algorithms.
Target (TGT)
Mar 13: 8:18 AM Target (TGT) is taken down to a Neutral rating from Buy by Buckingham Research with a price target of $69. It appears to be a valuation call based on the 13.4% YTD run shares of Target are on despite the retailer’s slow sales start to the year. TGT -0.6% premarket. Mar12: 1:37 PM Target (TGT -0.2%) says it won’t bring back its boutique shops concepts as it plans to increase the focus on partnerships instead. Though the retailer didn’t break out its sales, analysts think performance with the shops launched last year came in below expectations.
Toyota Motors (TM)
Mar13: 7:02 AM Toyota (TM) plans to launch the first global advertising campaign for its Lexus brand in May as it looks to gain ground on rivals (BMW, Audi, and Mercedes) that are outselling it by a wide margin. The company’s marketing department is considering going with the silent treatment – leaving music, images, and text to sell the Lexus brand.
United Technologies (UTX)
Mar12: 3:42 PM United Technologies (UTX +0.2%) gets some positive press from UBS today, who reiterated its Buy rating and raises its price target from $91 to $105. The firm says is the stock poised for an upside move, citing easing order comps, increased earnings visibility and solid free cash flow.
Vad’s Catch of the Day
Kaimu’s Sound Money
Deron’s Daily ETF Analysis
Point and Figure on Canada
OptionOracle
Harp’s Roadmap
Cara on the Metalminers
Cara on the International Markets
CTA Trading Desk Mid-Day Report
CTA Trading Desk Post-Close Report
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