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Press Digest for Tuesday
Friendless dollar is turned away at the gates of the Taj Mahal
Entry tickets to the world famous Mughal tomb in Agra and about 120 sites run by the Archaeological Survey of India will be available only at a fixed rupee rate after the dollar lost more than 12 per cent of its value against the local currency this year.
Volatility Set to Remain
Mark Tinker, global portfolio manager at Axa Framlington Gemini, considers how best to invest in the current market conditions. CNBC’s Steve Sedgwick reports.
Middle Eastern Countries Could Scrap Dollar Peg
The Saudi Riyal hit an all-time high against the US [...]
Trading Ideas for Tuesday
The stock scan conducted after the close on Monday found 6 winners and 140 losers.
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These stocks have been ranked and sorted with the rest of our lists: the largest 300 ETFs by total assets, the constituent stocks of the NASDAQ 100 and the S&P 100 indexes, the list of optionable CBOE, AMEX and PHLX indexes, and futures and currencies. Buy and sell signals are listed in The InVivo Database.
Please use the Free Viewer if you do not have Excel installed on your computer.
Weekend Press Digest
The new small thing
Richard Bernstein of Merrill Lynch looked at the correlation between various asset classes and the change in the volatility index (Vix) on the S&P 500. As one might expect, when the Vix is rising, safe havens such as Treasury bills and Treasury bonds perform best. Rather disappointingly, the performance of property, commodities and hedge funds all deteriorate when the Vix is rising. When the going gets tough, they get hammered too.
Bond Funds Are Victims of Timing: Thinking Worst Was Over, Top Performers Now Lag Behind
Some funds with great long-term track records — including funds from Capital [...]
Trading Ideas for Monday
The stock scan conducted after the close on Friday found 9 winners and 121 losers.
» DOWNLOAD SPREADSHEET
These stocks have been ranked and sorted with the rest of our lists: the largest 300 ETFs by total assets, the constituent stocks of the NASDAQ 100 and the S&P 100 indexes, the list of optionable CBOE, AMEX and PHLX indexes, and futures and currencies. Buy and sell signals are listed in The InVivo Database.
Please use the Free Viewer if you do not have Excel installed on your computer.
Technical Snapshot: S&P 500 Index
Here’s something to contemplate this weekend.
This is the daily chart of the S&P 500 index. My guess is that many technical traders have a trend line drawn like this, one that connects all the important closing prices. And we know, of course, that they like to sell on break of the line.
With price action thisclose to the line, my guess is that it might be hard to avoid checking out what’s under $SPX 1430ish. The only question is if it will be yet another fake breakdown or third time lucky.
Press Digest for Friday
Mind reading, spirituality, happiness?
One of the big ideas typically associated with Chicago GSB is the principal theory of classical economics: that consumers are completely rational people who always behave in their own best interests. So how did the school wind up with eight psychologists on the faculty who study human limitations and say the fully rational model isn’t quite right? And how did it win a three-year grant to study topics like maximizing happiness with a project called “Understanding Human Nature to Harness Human Potential”?
UAE: Pressure Mounting to Drop Dollar Peg
The United Arab Emirates said it is facing increasing [...]
Starbucks: In Need of an Extra Shot
Starbucks guided lower after the close and the stock is down in after-hours trading. Articles questioning their expansion strategy and other woes abound.
The sharks are circling and it shows. Since April, it’s only had a handful of days where its relative momentum was above zero.
Viewed another way, SBUX has had only three weeks of green since last November.
From a sentiment perspective, bargain hunters should wait on the sidelines until the stock stops going down on bad news. Or as behavioral economists Mullainathan and Thaler put it, “. . . it may often pay ’smart money’ to follow ‘dumb money’ rather [...]
Trading Ideas for Friday
The stock scan conducted after the close on Thursday found 4 winners and 87 losers.
» DOWNLOAD SPREADSHEET
These stocks have been ranked and sorted with the rest of our lists: the largest 300 ETFs by total assets, the constituent stocks of the NASDAQ 100 and the S&P 100 indexes, the list of optionable CBOE, AMEX and PHLX indexes, and futures and currencies. Buy and sell signals are listed in The InVivo Database.
Please use the Free Viewer if you do not have Excel installed on your computer.
Press Digest for Thursday
The Latinobarómetro Poll: A warning for reformers
[Editor: Greenie says it in his book: The people just find market economies...stressful. Buy hey, that is the price of liberty.] Despite four years of solid economic growth and, in many countries, low inflation, Latin Americans continue to grumble about their democracies. In some countries in the region — though not in Brazil and Mexico, the two giants — they are becoming disillusioned with the market economy. But rather than socialism, they want a fairer distribution of income and a state that gives greater social protection.
Report: Chinese spying top threat to U.S. tech
Chinese [...]
Trading Ideas for Thursday
The stock scan conducted after the close on Wednesday found 17 winners and 11 losers.
» DOWNLOAD SPREADSHEET
These stocks have been ranked and sorted with the rest of our lists: the largest 300 ETFs by total assets, the constituent stocks of the NASDAQ 100 and the S&P 100 indexes, the list of optionable CBOE, AMEX and PHLX indexes, and futures and currencies. Buy and sell signals are listed in The InVivo Database.
Please use the Free Viewer if you do not have Excel installed on your computer.
Take a Chill Pill: It’s Simply The Winner’s Curse
Navigating the market requires focus and discipline. When it becomes unglued from time to time, the boys are separated from the men. As the shakeout continues, the cries of “no fair” have been getting louder as those that need to deflect attention away from their own poor performance start to play the blame game. One high-profile blogger summed it up this morning for his flock with a plea that invited a rebuttal:
Blogger:
With such extreme trading action in capital markets, the market has failed to function as an effective pricing mechanism, held at ransom by the computer-algorithms of HB&B black box technology and dark pools.
Teresa
This sort of action is part of the auction [...]
Press Digest for Wednesday
Third Quarter Earnings in Focus
CNBC’s Geoff Cutmore discusses the recent spate of third-quarter earnings with Michael Thompson, managing director Thomson Research at Thomson Financial.
Fed’s Fisher Sees ‘Sustainable’ Growth, Inflation Risks
Federal Reserve Bank of Dallas President Richard Fisher speaks in Sydney about credit market conditions, inflation risks and the outlook for the U.S. economy. Fed Chairman Ben S. Bernanke said last week inflation and growth risks are “roughly” balanced, even as traders anticipate the Fed will cut interest rates again next month.
Bernanke on Inflation
Fed Chairman Ben Bernanke discusses the aspects of inflation targeting.
The Fog of Wall Street
It’s hard to see [...]
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