Oil made a short term bottom on February 5th, 2010 after hitting an
intra-day low price of 69.50. Since that time oil has rallied over 10
points to a high of 82.50 on March 9th, 2010. The continuous gasoline
contract on the NYMEX was 1.87 on February 5th and it hit a recent high
on March 9th at 2.29. These short term rallies for oil and gasoline
have been powerful and very sharp. Can the U.S. consumer absorb these
prices should they remain at these high levels?
In July of 2008 oil ral…
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Added by Bryan Leighton on March 10, 2010 at 2:41pm —
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During the call, the co said that Benlysta had no significant safety
signals and it has been a very well tolerated drug so far. HGSI said that there
has been no pricing decision yet. The co targets US and EU submissions in 2Q10.
Mgmt said that 150…
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Added by ken flagg on March 10, 2010 at 12:47pm —
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The fact that gold has been crushed today with the dollar lower and the
markets higher tells me a top is near. Why? Simply put, gold dropping
tells me the average person, believes they can make far more money by
going into riskier assets like stocks. Why does that signal a top?
When the masses fully believe a rally is at hand, the rally has already
happened and is over. Sadistic? Yes! Funny? not really!
The dollar opened flat to slightly higher today. Gold also opened
higher. The doll…
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Added by Bryan Leighton on March 10, 2010 at 12:05pm —
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Financial and technology stocks jumped today as continued optimism on
the global economy and a massive rebound regain their power. Stocks
like Goldman Sachs Group, Inc. (NYSE:GS), JPMorgan Chase & Co.
(NYSE:JPM), Morgan Stanley (NYSE:MS) and even pathetic excuses for
financial companies like American International Group, Inc. (NYSE:AIG)
are soaring.
In addition to the financial powerhouse today, technology is also
gaining a significant amount today. The semiconductor sector is
jum…
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Added by Bryan Leighton on March 10, 2010 at 11:57am —
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Rodman and Renshaw note Geron reported a net loss of $18.4 mln or $(0.20) per
share, higher than their net loss estimate of $6.3 mln or $(0.07) per share.
Firm says their…
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Added by ken flagg on March 10, 2010 at 11:42am —
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One sign at the United We Fish rally at the Capital summed up the feelings of recreational and commercial fishermen.
http://sports.espn.go.com/outdoors/saltwater/news/story?id=4975762 Continue
Added by ken flagg on March 10, 2010 at 11:08am —
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A lackluster finish to the prior session and a flat dollar have left stock
futures to hover along the unchanged line in premarket trade. Corporate news
flow has been rather light, but J.
Crew Group (JCG) and …
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Added by ken flagg on March 10, 2010 at 9:12am —
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NY Times reports the co unveiled an online store for business applications in
an effort to further push its own suite of productivity software into companies
and compete with Microsoft (MSFT). The store, whose unveiling has been expected
for several weeks, is called…
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Added by ken flagg on March 10, 2010 at 8:38am —
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AP reports British Prime Minister Gordon Brown said that his government
will lay out its budget plans on March 24, paving the way for a national
election. The election must be held by early June at the latest, but the budget
date suggests it will be held earlier. Brown, whose gover…
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Added by ken flagg on March 10, 2010 at 8:36am —
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Hello, SMF TRADERS
You are receiving this email because you requested that BlogTalkRadio.com
remind you when select shows are about to air. We are going to have special events on Saturday
mornin
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Added by ken flagg on March 10, 2010 at 8:27am —
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Upgrades:
JP Morgan upgrades ExlService (EXLS 17.47) to
Neutral from Underweight... Goldman upgrades
HDFC Bank (HDB 126.95) to Buy from Neutral.... SunTrust upgrades Interface (IFSIA 10.20) to Buy
from Neutral with a $13 tgt saying IFSIA's end user mix makes it a very early
cycle non-residential investment. They believe that commercial inte…
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Added by ken flagg on March 10, 2010 at 8:19am —
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Upgrades:
Susquehanna upgrades Global Payments (GPN
45.03) to Positive from Neutral... Jefferies upgrades CardioNet (BEAT 6.51) to Hold from
Underperform and raises their tgt to $7 from $4, as firm checks and CardioNet's
Q4 results indicate that commercial payor reimbursement levels remai…
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Added by ken flagg on March 10, 2010 at 8:15am —
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Oppenheimer notes that CSCO announced an upgrade to its carrier core routing
platform, unveiling the CRS-3. In addition to raising the capacity bar to
address growing vid…
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Added by ken flagg on March 10, 2010 at 8:10am —
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WSJ reports urban property prices in 70 of
China 's large and midsize cities
grew at the fastest pace in nearly two years in February, as residual demand
from last year continued to support housing prices. Beijing started to
implement measures to curb speculative activity in China's property marke…
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Added by ken flagg on March 10, 2010 at 8:03am —
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Reuters.com reports Japan 's
core machinery orders fell less than expected in January from the previous
month, easing concern that a recovery in corporate spending could slow down and
harm the economy. Wholesale price deflation eased further in Feb…
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Added by ken flagg on March 10, 2010 at 7:59am —
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WSJ reports the Greek government plans to raise more money through bond
offerings, taking another step to shore up its economy, while officials
elsewhere in Europe debated options for
helping the crisis-stricken nation. The Greek government will seek to raise
EUR10 billion ($13.65 billion) through one or two bond issues in March, and
between $5 billion and $10 billion through a separate offering targe…
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Added by ken flagg on March 10, 2010 at 7:53am —
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USDollar Index daily Another small bodied candle with support once again at 80.4 Ichimoku video Mar9th
http://is.gd/1z1AN $USDX #FX
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Added by Ichimoku Charts.com on March 10, 2010 at 12:11am —
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Gold daily Potential Hammer type Japanese Candlestick bullish reversal signal Ichimoku video Mar9th
http://is.gd/1z1AN $GLD #Gold #Ichimoku
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Added by Ichimoku Charts.com on March 10, 2010 at 12:08am —
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S&P500 daily Indecisive Spinning Top type candle in an uptrend Ichimoku charts video Mar9th
http://is.gd/1z1AN $SPY #SP500 #Ichimoku
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Added by Ichimoku Charts.com on March 10, 2010 at 12:04am —
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To truly understand the markets, one must think the opposite of the
average investor or trader. When it comes to the total volume in the
market, more than 90% is generally from institutions. When it comes to
the total number of market participants, 95% of them are the average
investors or traders. This is a peculiar disparity but totally
understandable. This is also how many of the institutions make their
money. In other words, by moving the markets in ways pull money from
the average investor o…
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Added by Bryan Leighton on March 9, 2010 at 10:36pm —
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