Thursday, July 29, 2010

Citigroup Support and Resistance Levels July 29, 2010 (C)

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The stock is up a nickel at $4.14 in early trade. Citi has been levitating on low volume from $3.85 and I would expect the gap from yesterd...

This is How a Competent Central Bank Does it: Swiss National Bank Seen Selling Euros (EUR/CHF)

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It sure beats the hell out of the Gordon Brown approach. On May 7, 1999 Britain's Chancellor of the Exchequer, decided to sell 60% of t...
Wednesday, July 28, 2010

Stimulus: "H.R.5878 - To amend the American Recovery and Reinvestment Act of 2009...

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...and the Internal Revenue Code of 1986 to make funds and tax benefit available to assist job creation and workforce diversification in the...

"Amber Waves of Pain" Pitfalls in Commodity ETF's (DBA; MOO; RJA)

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Since I've been touting the soft commodities this month I thought this cautionary tale from BusinessWeek would be in order: Lured by t...

Chart: the Agricultural Prices Component of the Goldman Sachs Commodity Index ($GKX; DBA; GRU; MOO; RJA)

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From Wall Street Cheat Sheet : The chart for Agricultural Prices on the Goldman Sachs Commodity Index looks very healthy after emerging fro...

"Springfield police charge one-armed man with unarmed robbery" and "DNA Faking for Criminals and Murder Novelists"

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From MassLive : SPRINGFIELD – Police charged a one-armed man with unarmed robbery early Wednesday afternoon following an incident that occu...

Could be HUGE for Anadarko: "BP CEO: We won't be found grossly negligent. BP counsel: Yes we will" (APC; BP)

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In the opening minute APC is down 29 cents at $50.02. I may be re-evaluting the decision to adios the stock in the $47's. The question ...

First Solar: Auriga Maintains 'BUY' Ups Price Target to $173 (FSLR)

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The stock is up 96 cents at $135.94 in pre-market trade. Take this one seriously. As I said in Monday's "Cowen’s Stone Reiterates...

"Wheat Rises as Russia Drought May Boost Demand for U.S. Crops" Has it Peaked?

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The Chicago futures are up 13 cents at $6.08 For a while last November and December I was trying out the tagline "Climateer, he'...
Tuesday, July 27, 2010

Société Générale's Albert Edwards: We are all Japanese Now (July, 2010)

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We are fans.* And so is FT Alphaville: FT Alphaville Albert Edwards. Nothing to do here but quote as much of his latest Global Strateg...

Credit Suisse’s Kumar Reiterates OUTPERFORM on First Solar Ahead of Earnings (FSLR)

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The stock is down $3.05 at $136.35. I don't understand why analysts take the risk of tooting their horns two or three days before an ea...

Is [short-term] Mean Reversion in the DJIA's Future? (DIA)

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The Industrials are up 28.57 at 10,554.00. Always, Always keep in mind the old traders lament: As soon as you think you've found the k...

Reactions of Proponents to the Death of the Climate Bill and Playing the Policy Players

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What? You thought I didn't notice? Tracking the politicians is one of my mission critical chores, along with making coffee in the morni...

UPDATED: "GOLD TOP?" (GLD; XAU)

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UPDATE below . The futures are now down $24.60. Original post: The futures are off a buck at $1,186.00 . From Pragmatic Capitalism: As ...

"Marc Faber: Sit Still, This Is Going to Hurt"

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From The Motley Fool: Friday was the final day of the 11th annual Agora Financial Investment Symposium in Vancouver, British Columbia, put...

Details on Barclay's Upgrade of MEMC (WFR)

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We saw the upgrade at the same time the analyst upped battery maker A123. AONE was up 13.5%, WFR 35 cents to $12.03. Looking into it a bit...

Lighting: Veeco Crushed the Street (VECO)

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Along with Cree, best in class. From yesterday's Tech Trader Daily: Veeco Q2 Crushes Street Estimates; Q3 Outlook Also Strong Veeco ...

"Strategist Predicts Short-Term Pullback for BP plc, Despite Potential Management Shake-Up" (BP)

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From Schaeffer's Investment Research: BP plc (BP) has once again dominated headlines today, amid reports that the beleaguered oil conc...

"How is the Smart Grid Business Performing?" (ABB; COMV; ENOC)

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From Greentech: Mergers are up, but are we at the bottom of the revenue trough? Before we answer the question posed in the title of this p...

"Food for Thought on Agricultural Stocks" (DBA; MOO; MON; POT)

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After reading yesterday's "Is agriculture the next big investment thing?" (DBA; FUD; MOO; RJA) a reader emailed this WSJ Hear...