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Pivotfarm Support and Resistance Levels 11th November 2009

2009-11-10T21:46:00.001-05:00

Pivotfarm.com provides Support & Resistance, Fibonacci, Volume Analysis, Market Profile, Moving Average and Pivot Information for day traders. These data sheets are designed to help day traders gain an edge in the market, providing all the most important information a trader needs in one clear and concise data sheet.

Today's levels can be found by clicking here

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Stocks Going Ex Dividend the Third Week of November

2009-11-10T00:56:00.000-05:00

There is a stock trading technique called 'Buying Dividends' is becoming more and more popular. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only in bull markets.

When you buy dividends, there are many stocks in many different sectors to choose from. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can't sell the stock until after the ex date. The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork has compiled a free downloadable and sortable Excel list of the stocks going ex dividend during the next week or two. WSNN.com came up with many companies all with market caps over $500 million. Here are a couple examples showing the stock symbol, the ex-dividend date and the yield.

Consolidated Edison, Inc. ED ex div date: 11/16/09 market cap: $11.4B yield: 5.6%

Diebold Incorporated DBD ex div date: 11/18/09 market cap: $2.1B yield: 3.3%

LTC Properties, Inc. LTC ex div date: 11/18/09 market cap: $544.7M yield: 6.7%

The rest of the ex-dividend stocks can be found at wsnn.com. (If you have been to the website before, and the latest link doesn't show up, you may have to empty your cache.) If you like dividend stocks, you should check out the high yield utility stocks and the Monthly Dividend Stocks at WallStreetNewsNetwork.com or WSNN.com. For more details on dividend definitions, check out definitions of dividend dates. Don't forget to reconfirm the ex-dividend date with the company before implementing this technique.

Author doesn't own any of the above.

By Stockerblog.com

Pivotfarm Support and Resistance Levels 10th November 2009

2009-11-10T00:14:00.001-05:00

Today's levels can be found by clicking here

DGI Report

2009-11-09T21:26:00.001-05:00

DGI comes out tonight beating estimates .32 eps vs. .25 estimates and raising estimates from .80-.90 eps for the year to 1.00-1.05 eps. They also raised revenue estimates based on stronger then anticipated demand for their images.

Things seem to be heading in the right direction and with the new World View II bird coming online at the beginning of next year they will see new contracts rolling in. They will also have less of a Cap X burden as getting WV II ready and launched was not a cheap process.

However it is important to note that now they will begin deducted the expense from the 355 million of debt they have taken on at 10.5% which should work out to about 37.3 million dollars per year.

They currently have about 45 mil shares outstanding.

No doubt this is a risky business as any kind of malfunction in space on either of the World View satellites could spell disaster for DGI, however the growth that is facing this company over the next 12 months makes investing in spy satellites a risk that has some serious pay off potential if everything goes according to plan.

Long some DGI and feeling good about that right now.

PXD - Pioneer Natural Resources

2009-11-09T13:38:00.000-05:00

breaking above the recent downtrend line on the pullback to support..look for moves higher to retest 46.00

ruptura alcista de recente pullback a niveles de soportes...se espera movimineots alcistas a por la zona de los 46.00

Monday Market Mark-Up - 50 Ways to Dump the Dollar

2009-11-09T09:26:00.000-05:00

"The problem is all inside your head", G20 said to me

The economy's an easy fix if you don't want to wait

All we need to do is globally inflate

There must be fifty ways to dump the dollar

G20 said it's really not our habit to deflate

Furthermore, we have elections and the voters hate to wait

So we'll indebt ourselves, buy lowering the rates

There must be fifty ways to dump the dollar

Fifty ways to dump the dollar

You just buy a few Yen, Wen

Push up the Pound, Brown

You buy up the troy, boys

Give Goldman the fees

Take the IMF bling, Singh

Let it drop like a rock, Barack

Act like you're bored Jean-Claude

Let the dollar fall free

I heard they were dancing to this one at the G20 Meeting so I thought I'd share it with you. Never have so many gathered so often to accomplish so little as our G20 in the past 18 months. This weekend's meeting of the World's "top" Finance Ministers resulted in a split on whether to tax financial trading as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone. The idea of the levy was to prevent excessive risk-taking and fund future bank rescues but US Treasury Secretary, Tim Geithner said trying to get the banks to behave is "not something we’re prepared to support."

That was all the Gang of 12 needed to hear and the commodity markets went wild with the guarantee of no additional regulation on the horizon and the dollar was taken down to new lows in overnight trading, plunging to $1.50 to the Euro and $1.685 to the Pound, over 2% off Friday's lows. They Yen Rose back to under 90 to the Dollar and the Nikkei, of course, did not like that one bit and an early rally turned into a flatline for the day. The rest of the global markets, however, were off to the races with Europe up 1.5% at 8 am and the US futures up over a point as well as gold flies to $1,110 an ounce and oil heads back to $78.50, up $2 from Friday's low.

Of course, doing nothing to prevent excessive speculation by the "too big to fail" crowd isn't all the G20 didn't accomplish this weekend (which is it for the year now). They also failed to do anything to get China's Yuan off the dollar peg so the falling dollar is still great for China, who export far more than they import. Not wanting to stop there by accidentally accomplishing something, the G20 also failed to make any progress on climate change, which is rocketing all the major polluters in global trading.

Kudos to Gordon Brown, who TRIED to talk some sense at the meeting saying: "it cannot be acceptable that banks enjoy the rewards of their successful trades yet leave taxpayers to pick up the cost of their failures." That gave everyone a good laugh but Geithner's opposition potentially kills off the proposal even before the IMF reports on its feasibility in April. “A credible medium-term plan to cut deficits is needed to tackle shortfalls in public finances,” Brown said. For now, “a self-sustaining global recovery hangs in the balance.” Man what comedy timing that guy has! If Brown loses his election next year, I'm sure the Daily Show will be calling...

Instead the IMF did what they could to boost the price of the 200 tons of gold they are still looking to sell. They issued a statement saying traders are probably using the dollar to fund “carry trades” across the world and the currency may still be overvalued after its slide this year. “There are indications that the U.S. dollar is now serving as the funding currency for carry trades,” the IMF said in a report published on Nov. 7. “These trades may be contributing to upward pressure on the euro and some emerging-economy currencies.” While the dollar “has moved closer to medium-run equilibrium,” it is still “on the strong side.”

“U.S. interest rates look to remain near zero through the first half of 2010 at the very least, which provides traders plenty of time to continue with carry trades,” said Boris Schlossberg, director of currency research at the online currency trader GFT Forex in New York. “Labor-market conditions are still very challenging in the U.S., and the rest of the world is improving faster. The dollar remains the weakest link.” The dollar has dropped about 13 percent against a basket of currencies from its major trading partners in the past seven months. Meanwhile, the MSCI All-Countries World Index of global equities has gained about two-thirds since March and sugar has soared 90 percent this year with oil doubling and gold up 50%. The euro has risen 15 percent against the dollar in the past nine months as well.

We'll see how far they can push things today, certainly we can expect a retest of our highs and then we'll see. As I said in my Dec, 2006 article, "Burn Dollars to Fight Gravity," where I first predicted that hyperinflation was the most likely US solution to our debt problem: "let’s throw those dollars onto the fire and light up those market engines - we’re taking this baby to the moon!" Yes, I did say last week that the dollar looks to be bottoming here and, hopefully, this is the blow-off before the turn. Much like the oil predictions went from $100 to $150 to $200 as oil went from $80 to $140, the more outrageous the predictions get the more likely it is that the bagholders are feeling trapped and about to panic themselves.

However, like any good swimmers, we know not to fight the tide and I pointed out in the Weekly Wrap-Up that we are partying like it's 1999. By the April of 1999, the Nasdaq seemed ridiculous at 2,500, having run up from 1,500 in October. Despite all logic to the contrary, the Nasdaq bounced between 2,500 and 3,000 until October 1999 when, rather than going down, as every rational person believed it would, the Nasdaq instead went UP - to 3,500 around Thanksgiving, 4,000 at Christmas, 4,500 by Valentines Day and 5,000 by Easter. Sure, by Memorial Day 2000, we were back at 3,500 but WHAT A RIDE.

So, IF we can break on through to the other side of our upside levels, then it's time to switch off our brains and just strap in for the ride. We already have our seat-belt plays so now it will be time to make some aggressive upside targets where we can make amazing returns off big index moves. That is IF and ONLY IF we can break out here. Otherwise, let's see this for what it probably is, a desperate act of market manipulation by funds that are under the gun to unload their stocks by December 31st or before the dollar bounces back on them and sends the market plunging back faster than it went up - just like the Nasdaq in 2000.

	Dow	S&P	Nasdaq	NYSE	Russell	Trans	HSI	Nikkei	FTSE	DAX
Fri Close	10,023	1,069	2,112	6,958	580	1,810	21,829	9,808	5,212	5,575
2.5% Up	10,273	1,095	2,164	7,131	594	1,855	22,374	10,053	5,342	5,714
Sept High	10,119	1,101	2,190	7,241	624	2,045	22,600	10,397	5,299	5,888
2.5% Down	9,772	1,042	2,059	6,784	565	1,764	21,283	9,562	4,917	5,435
July Base	8,200	880	1,750	5,600	480	1,650	17,500	9,200	4,200	4,600
25% Up	10,250	1,100	2,187	7,000	600	2,062	21,875	11,500	5,250	5,750
Retrace	9,840	1,056	2,100	6,720	576	1,980	21,000	11,040	5,040	5,520

So no one is actually at their September highs but the Dow is in striking distance this morning but ALL of the other indexes are more than 2.5% away from getting back to where we were last month. The DAX was our outperformer in September and is leading Europe now but notice how closely those 25% Up numbers (off our July base) are lined up with the September highs (except the Nikkei, which peaked at 10,767 in August). As we've often mentioned, the country most damaged by the falling dollar is Japan, and their market has been unable to gain traction as the dollar slides into the pits.

Aside from the Nikkei, Transports are our biggest concern as they are still not over their retrace mark off the 25% line, which they also hit earlier than the other indexes. What's going to be critical for the US, is whether we can take back those highs and hold those retrace lines. Once again, we find ourselves looking at 1,056 on the S&P as the single most important technical point for the week, this time signaling a breakdown if it's crossed. 576 on the Russell remains our canary in the coal mine and we really need to see the FTSE get through their 25% mark otherwise, we may have nothing more than another failed breakout attempt.

So still very skeptical but ready to move on the upside (we actually made a half dozen bullish plays on Thursday to cover this run) but nothing to panic us out of our bearish positions (55%) until those levels begin to roll green on us.

Trade carefully out there.

@MissTrade Interviews Sir Lawrence McMillan of #3Gurus @CBOE

2009-11-09T08:00:00.003-05:00

http://vimeo.com/7452888 from miss trade on Vimeo.

http://vimeo.com/7452311 from miss trade on Vimeo.

What Biotech Stock Yields Over 12% and Sells for Less Than $10 per Share?

2009-11-09T04:12:00.001-05:00

Investors love low priced stocks. Investors love dividends. What happens if you combine the two criteria? WallStreetNewsNetwork.com just came out with a list of over 25 stocks selling for less than $10 per share, with market caps over $250 million, and yields over 10%. Many of them were closed end funds, but several are businesses, such as Cedar Fair LP (FUN), the amusement park and water park company, which just went ex-dividend. Based on its latest quarterly payment of 25 cents, it yields 14.6%.

How about a biotech that has a 12.2% yield? PDL BioPharma, Inc. (PDLI) is an interesting company selling for less than ten dollars a share. They manage antibody humanization patents and royalty assets, consisting of patents and license agreements with biotech companies. They also pay 25 cents per quarter and last went ex dividend on September 15, and paid their dividend October 1. They just priced a $300 million securitization transaction which will monetize 60% of the royalties from sales of current Genentech products. They intend to pay a significant portion of the proceeds from the securitization to stockholders in the form of a special dividend, most likely in December of this year. The total amount of this special cash dividend, along with the record and payment dates will be finalized at the upcoming board of director's meeting on November 11th and announced the following day.

If you want to see a bunch of other interesting low priced high yield stocks in the form of a free downloadable Excel database of high dividend low priced stocks, go to wsnn.com. Remember, these stocks can reduce or eliminate their dividend at any time.

Author does not own any of the above.

By Stockerblog.com

Pivotfarm Support and Resistance Levels 9th November 2009

2009-11-08T22:32:00.000-05:00

Today's levels can be found by clicking here

@MissTrade Interviews Jon (DrJ) Najarian @optionMONSTER of #3Gurus Plus at @CBOE

2009-11-08T21:30:00.000-05:00

http://vimeo.com/6870037 from miss trade on Vimeo.

What a Week!

2009-11-07T17:12:00.002-05:00

What a difference a week can make. The SPY went up 3.45%, climbing above its rising 50dma.GLD reached an all time high and surprisingly the US dollar went up against a basket of currencies (UUP went up 0.57%). We know that the market declines much faster than it climbs. Often 1-2 month upside moves are wiped out in a day, 6 month upside moves are offset by a week of decline. This is why it is never wrong to be on the sidelines or focus on intra-day action, when major indexes are below their declining 5dma. It is a simple strategy to minimize losses and it works very well with the methods I trade. Since Thursday, the SPY has been above its rising 5dma. There is nothing magic about this moving average. It is just a simple tool to reveal who is currently in control.

Last weekend I mentioned that there were only 5 stocks in the “20%+ in a week” list. I noted that the catalyst behind the move was a favorable market reaction to positive earnings’ surprises. 5 days ago all those 5 stocks looked overbought and probably many were anxious to short them. Never short a stock, because it is overbought, never short a stock because it is up too much too fast. Especially if it has earnings as catalyst behind the move. 5 out of the 5 stocks I mentioned here continued their climb in the following week:

WSII +9.45%; REV +27.9%; PEET +15.6%; QTM +31.9%; OESX +5.25%

This week there are 75 stocks up more than 20%. 10 are biotech stocks. 8 are gold related.5 are drug manufacturers. 25 out of the 75 were already up more than 100% for the 6 months preceding their last week big move. Relative strength and sector popularity are positively correlated with future gains. The stocks that have the highest probability to continue to go up in the following days/weeks experienced a favorable market reaction to a positive earnings’ surprise and were neglected (price-wise, volume-wise and range-wise)prior to their last move. A favorable market reaction is represented by a 10%+ move on the day of earnings’ release, at least 3 times the average 50 day volume and the stock finishes the day in the upper third of its daily price range.

Wow! Look at the Volume!

2009-11-06T15:50:00.000-05:00

These stocks are up in price and up in volume by:

SAM +552%
WG +451%
MGA +439%
PEET +408%
CTCT +388%
LNY +348%
ENOC +361%
LMNX +307%
ICFI +305%
GB +260%
NILE +252%
CCC +250%
LVB +247%
VIS +241%
WHI +240%
AIRM +229%
SWKS +222%
ANSS +218%
RX +195%
CH +194%
VOCS +191%
MIL +178%
CVS +173%
XNPT +165%
MFW +161%
ASEI +156%
RMD +155%
SBUX +150%
BT +143%
PL +141%
NVDA +136%
APEI +129%
ROVI +120%
BIIB +116%
MDVN +116%
EXLS +115%
WFMI +99%
ABVT +74%
PCLN +36%
WCG +35%
AMZN +35%
FUQI +35%
DGW +31%
EQIX +28%
BGFV +20%

Friday - Is the Dollar Going UUP?

2009-11-06T09:23:00.000-05:00

Is it time to buy the buck?

As noted by Andrew Wilkinson on Wednesday, there was a huge volume surge in UUP call options, the ETF that tracks the US Dollars index value, ahead of the FOMC statement. 155,000 November call options were bought at the $23 strike level and another 155,000 were purchased at the December $23 strikes. The November calls came in at around .15 and are now .25 (up 66% in one day on UUP) and the December calls were executed around .25 and are now .40 (UUP up 60%) - this is not bad for a day's work but was it just a day's work or are we betting on a trend?

As you can see from David Fry's chart, it's not just the 300,000+ options (controlling 30M shares) that have been trading bullishly around the dollar - there has been a stunning surge of volume buying that has built up since mid-October as the dollar index skates along our own target low of 75.

So strong was the demand for shares of UUP that we noted in Member Chat that the PowerShares DB US Dollar Index Bullish Fund (UUP) was halted pending clearance of their request to register another 100M shares "in order to meet investment demand."

“There’s been a lot more interest in this ETF because investors are using it as a hedge on the dollar,” said David Stec, an ETF options trader at Group One Trading on the Chicago Board Options Exchange floor. “Yesterday, with the amount of options volume they saw, they probably have to add some shares. The ETF is based on the dollar versus a basket of currencies, so if there aren’t enough shares it might trade at a premium.”

The Dollar trading at a premium? Surely you can't be serious! Well, I am serious and don't call me Shirley... While this may be contrary to what you've been hearing in the MSM, where dollar bashing has become a popular blood sport, it's the main reason we've been having trouble buying into this commodity-led rally, which has been primarily based on the 15% pounding the Dollar has taken since March. As I often point out to members, if you adjust the S&P to reflect a real currency, like the Euro or the Yen, then you'll find that our "spectacular" 60% rally in the S&P since March is really just a 27% rally and looks like this to a foreign investor (S&P value converted into Euros):

Even mighty gold, which seems unaffordable to impoverished Americans at $1,095 an ounce (where we shorted the gold futures just this morning), has still not retaken it's highs against the Euro from March and is, in fact, over 4% below that level:

So let's say that gold can climb another 5% to $1,150 before European and Japanese traders see it as a double top. That's why we went short on gold as very much ado was made about nothing when India purchased 200 tons of gold from the IMF this week. India is only buying at the "top" when priced in Dollars - as priced in Rupees, India is paying 20% less than they would have last year, when a dollar could buy you 39 Rupees (now 47).

Sadly Americans are fairly clueless about currency conversion and the gold bulls prey on that ignorance and put up all kinds of charts and draw trends and attempt to baffle you with statistics because they can be fairly confident that not for one moment are we going to step back and look at things from a global perspective. Oil is scammed in a similar fashion but, unlike oil - the gold market is heavily dependent on physical demand and they can only drive up the futures as long as they have fresh suckers to reel in but the price of gold collapses like quite the house of cards as soon as anyone tries to unload their shiny bits of metal.

That's why you see non-stop advertising telling you to buy gold coins as an investment. The speculators need someone to take physical gold off the market, just like the Krugerrand craze that was used to drive up the price of gold. That's why India's purchase was such a relief and sent gold up 7.5% in the last 5 sessions - there had been a fear that the IMF would have to sell gold on the open market. China was originally targeted to be the gold buyer but the Yuan is pegged to the dollar and China had no interest in paying such a ridiculous price to store gold while India's currency is just rolling off their 2-year high and they are using gold to lock in their gains.

As Goldman Sach's head of commodity research said on Wednesday: "It's not a weak dollar that's driving up crude prices - it's higher oil prices that are driving the dollar down, sending metals and softs soaring. Oil represents 40-50% of the U.S. current account deficit, so a higher oil price represents an outflow of dollars that pushes the currency lower." Goldman is, of course, one of the most despicable commodity pushers on the planet and I will detail this weekend how the global population is having their pockets picked in the great global oil scam but Currie does get to the heart of the matte - there are NO fundamental supporting the price of oil, gold or any of the other racing commodities, this game is all about the weakness of the dollar and heaven help them if that play begins to unwind and they try to exchange their black goo and shiny bits of metal for a very scarce supply of dollars.

Scarce dollars? What is this guy smoking, you may wonder? Well, this is something we've been tracking since July and here we have a chart of the M3 money supply that clearly shows that, since July, $750Bn have come OUT of circulation, reversing over half of the run-up in dollar float that begian last year with the passage of the TARP spending, that took M3 from 13.5Tn to $14.5Tn over 12 months:

"Hey wait", you may say, "this is not what they've been telling me on TV". No, it isn't. That's because the $2Tn that was injected into the economy wasn't injected into a healthy economy, it was injected into a badly damaged economy and $1Tn of that money has already been used to repair the damage (mortgage defaults, credit-card defaults, derivative losses, Madoff scams) that has already been done to the system.

The very notion that putting $2Tn into the economy causing you to immediately have $2Tn of surplus cash to spend assumes that there was no need for the money in the first place. That's like saying that you have a car that needs 1 quart of oil (TARP I) and you put in two quarts of oil - how much oil will be a surplus? Obviously the answer is one quart and that, of course, assumes you don't have a leak or are not burning off a lot of oil as your economic engine continues to smoke. Unfortunately, the commodity bulls have the sheeple (who are terrible at math) convinced that there are two EXTRA quarts and that those quarts will somehow breed and multiply and create a third quart of stimulus until the world is simply awash in dollars and the only thing we will be able to count on is their black, sticky goo and shiny bits of metal to save us. What nonsense!

Like an accident victim needing a blood transfusion, this economy NEEDED $1,000,000,000,000 just to stay alive last year. Whether or not the additional stimulus was really necessary remains to be seen but the fact is that, as clearly illustrated on the above chart, the "excess" supply of dollars is being sucked up at a rate of $150Bn a month since June. The prior administration pumped the money supply up from $7Tn to $13.5Tn over 8 years and caused a MASSIVE commodity (including housing) bubble that burst with great fanfare last year. Just like any balloon, the economy expanded as money was poured into it, giving us the illusion of strength right up until the moment it burst. Now we have taped up that balloon and we are trying to reinflate it but that doesn't mean we are going to go right back to push it to the breaking point again does it?

What's really funny about gold in all this is that there are 5Bn onces of gold in the world that have already been mined, and pretty much all of it is still in circulation as gold is not generally destroyed. In the past two years, the "value" of that gold has gone up from $3.25Tn ($650 per ounce) to $5.5Tn ($1,100 per ounce), a gain of $2.25Tn or pretty much ALL the money in the world that has been created since that time. That would, I suppose, make sense if gold was the only thing on Earth we spent money on but (funny thing) oil went up too - from $45 a barrel last fall to $80 a barrel today. Now oil is a little trickier than gold because we actually use it but let's say that we consume 85M barrels of oil a day globally so a $35 increase in the price of oil costs us an extra $1.1Tn a year and, even better than that, the 2Tn barrels of oil that are in the ground gained $70,000,000,000,000 in value or 1.5 times the entire global GDP.

Isn't that fantastic? I'll bet you never realized how rich we were that we could afford to spend $72.5Tn on just oil and gold this year. Kind of puts that piddly $700Bn stimulus into perspective doesn't it? Of course, oil and gold weren't the only commodities clamoring for those "extra" Trillion dollars - the entire CRB, valuing oil, gold, copper, lumber, food etc rose 37% since March. 20% of the global GDP ($45Tn) is spent on Food alone so that 37% of $9Tn or a $3Tn bump in your annual food bill to go with the $1.1Tn bump in oil prices and another $1Tn spent on industrial metals (although no one is actually buying cars or houses, so that impact is limited).

Where is all this money coming from, you may ask? Well, as I said yesterday, this money is not excess money at all, this money is being squeezed out of the pockets of the labor force, who have been forced to accept not only the same pay but LESS pay in dollars from their employers, driving their standard of living down a stunning 12% in just one year while their corporate masters make stunning "productivity" gains as they get much, much more for much, much less.

What happens if these workers wise up and ask for money? That would create a demand for dollars to pay them with as the 10.2% of the US population who are now officially unemployed would themselves require $500Bn of those scarce dollars in order to go back to work. A simple 6% raise given to the working population - just enough to get them 50% of the way back to their 2007 standard of living, would suck up another $1Tn of global "surplus."

An ounce of gold is only worth $1,000 if you value 20 of them more than you do a new Toyota. An ounce of gold is only worth $1,000 to a person who values it more than a month's worth of food for his family. An ounce of gold is only worth $1,000 if people have nothing better to do with $1,000 than buy a shiny bit of metal. If your boss decided to give you an ounce of gold this week instead of your paycheck - what would you do? You would go change it for dollars! What then, is more "valuable"?

So it is not the dollar itself that is worthless, rather that a lack of competition for available dollars has driven the price of commodities sky-high along with a prolonged attack on the dollar by the commodity pushers, who also happen to be the currency pushers, who also happen to be the experts the MSM turns to when trying to make sense of something as complex as International Exchange Rates. Once there is a real demand for the dollar - whether is is to buy labor or machines or cars or refrigerators - suddenly the "value" of black sticky goo and shiny bits of metal will normalize and don't forget that a resurgence in the price of US real estate can also pull dollars away from our runaway commodity sector.

Sadly, the majority of our market rally is based on commodities and it's very likely that, priced in dollars, that stocks will find equilibrium closer to that 27% up level we see for the S&P priced in Euros than the 60% level we're currently at priced in dollars. Let's say we level out at the 40% line, which would be right about 940 on the S&P and 9,650 on the Dow - not too far off from where we are now and, if we can hold that line against a rising dollar, then we may be able to rotate out of this mess but only if commodity prices come down to reality and stop sopping up all of our global liquidity.

Non-Farm Payrolls were a slight disappointment this morning with 190,000 jobs lost but it is the 10.2% unemployment figure that is spooking the markets. Fortunately we went bearish into yesterday's hyper-active close as I said to members at 3:40: "Boy I just cannot bring myself to sell a DIA put! I figure a 100-point pop into the open will cost .50 and then I’d have to pay .50 to roll up to the $104 puts and sell 1/2 the Dec $100 puts for $2.60 (now $3.05) so that’s my plan - risking a 20% loss on the DIAs to leave the Jan $103 puts naked overnight. Still only about 55% bearish with that but I just can NOT get behind this very low volume move today."

As we expected, October hourly earnings are creeping up much faster than expected (0.3%) as we are have very likely reached the end of the productivity gains (which were for Q3, which ended in Sept). We still have Wholesale Inventories to look at at 10 and we'll see how much credit consumers lost at 2pm. Next week there is not much data and we are not going to be greedy on our short plays unless we see some volume conviction to the selling.

Our upside target levels remain as they were all week: Dow 9,962, S&P 1,066, Nas 2,097, NYSE 6,955 and Russell 580. Those will determine how we feel going into the weekend but I am pretty sure that 55% bearish will be the answer unless we get a huge sell-off that we want to cover.

Have a great weekend,

- Phil

VQ - Venoco Inc

2009-11-06T08:34:00.000-05:00

English-
look for the stock to continue higher. stock has bounced off support levels and breaks recent downtrend line. price target is back up to the 16.00 level. Pullbacks should be bought.

Español-
se espera movidas alcistas. la accion ha rebotado en area de soporte y hace ruptura de la linea recente bajista. objetivo es de 16.00. los pullbacks son para acumular.

Gas Utilities are a Gas: 17 Pay Over 4%

2009-11-06T03:10:00.000-05:00

The price of natural gas is relatively very low, so consumers don't mind cranking up the heat. Now were are entering the Winter season when consumption will increase. How about looking at natural gas utilities as possible investments, especially because of the great dividends. Seventeen of these stocks pay 4% or more.

Here are a few examples of high yielding natural gas and propane utilities and limited partnerships:

Amerigas Partners (APU) 7.1%
Laclede Group Inc (LG) 5.1%
Spectra Energy (SE) 5.1%
Nicor Inc (GAS) 5.0%

To see a list of 25 gas utilities, you can get a free downloadable Excel database of natural gas and propane stocks at WallStreetNewsNetwork.com.

By Stockerblog.com

Pivotfarm Support and Resistance Levels 6th November 2009

2009-11-05T22:51:00.001-05:00

Today's levels can be found by clicking here

ProShares Ultra Dow 30 (DDM)

2009-11-05T10:27:00.003-05:00

English-
Uptrend intact, notice how when it recrosses the 10 day moving average off the bounce of the support line the etf heads for newer highs. Look for DDM to head up toward the 41.50 level from here..stops on close below the uptrend (yellow) line.

Español-
Tendencia alcista intacta, tomen nota como cuando cruza la media de 10 dias despues de rebotes de soporte se encamina alcista a por nuevos altos. Se espera que DDM siga alcista a por el nivel de los 41.50...stops por debajo de la linea de tendencia alcista (linea amarilla)

XRTX - Xyratex -

2009-11-05T09:02:00.003-05:00

English-
The stock closed at 10.84 yesterday with a high of 10.99. The stock looks ready to break higher off its recent pullback to support levels. 11.00 is above yesterdays high and if the stock is really going to head higher it will break that level today...price taregt 13.00.

Español-
La accion cierra a 10.84 ayer con un alto de 10.99. La accion da sintomas de hacer ruptura alcista del recent pullback a soporte. 11.00 es por encima del maximo de ayer y si la accion va hacer ruptura alcista sera por encima de este nivel...objetivo es de 13.00.

Pivotfarm Support and Resistance Levels 5th November 2009

2009-11-04T22:11:00.000-05:00

Today's levels can be found by clicking here

MDRX - Allscripts

2009-11-04T13:39:00.000-05:00

MDRX - stock is attempting to break recent downtrend...look for a close above the 20.35 level to enter longs for a move higher to retest the 22.00 area.

MDRX - la accion esta en prueba de ruptura de la recente tendencia bajista...espera por un ciere por encima de los 20.35 para entrar en largos para una movida alcista a por el nivel de los 22.00

GPS - (GAP INC) -

2009-11-04T11:57:00.000-05:00

English-
would be going long the stock on this break of recent downtrend..looking for move back to the 23.50 area

Español-
es para entrar en largos en esta ruptura de tendencia bajista...se espera movimiento alcista a por la area de 23.50.

DFT - Dupont Fabros

2009-11-04T09:07:00.000-05:00

English-
bounced on support levels, looks higher from here..target price 17.00

Español-
rebote en area de soporte, se ve alcista...objetivo 17.00

@MissTrade Interviews @HamzeiAnalytics of #3Gurus Part II

2009-11-04T04:44:00.002-05:00

Fari Hamzai and what, how, when he trades with Matt Davio aka @misstrade from miss trade on Vimeo.

FuturesTrader71 webinar on Consistent Trading of S&P-500 e-Mini Futures

2009-11-04T00:55:00.004-05:00

Playback Link for the @FuturesTrader71 Webinar:

http://hamzeianalytics.com/Educational_Webinars.asp

Pivotfarm Support and Resistance Levels 4th November 2009

2009-11-03T21:34:00.000-05:00

Today's levels can be found by clicking here

Free Educational Stock Market Videos - Hamzei Analytics [del.icio.us]

2009-05-25T11:39:32-07:00

The man who planted trees [del.icio.us]

2009-05-25T11:37:37-07:00

The Geography of Jobs [del.icio.us]

2009-05-19T22:16:28-07:00

This animated map provides a striking visual of employment trends over the last business cycle using net change in jobs from the U.S. Bureau of Labor Statistics on a rolling 12-month basis.

Loss of Biodiversity and Extinctions — Global Issues [del.icio.us]

2009-05-04T23:37:04-07:00

Second Look at the Federal Reserve by Edward Griffin 1 of 7 [del.icio.us]

2009-04-28T14:53:55-07:00

World Consumption [del.icio.us]

2009-04-26T04:40:04-07:00

TraderFeed: Leveraged ETFs: Making Volatility More Volatile? [del.icio.us]

2009-04-26T04:34:23-07:00

The Mexican Fisherman [del.icio.us]

2009-04-26T04:30:44-07:00

Marni Penning: Meet Fannie Mae Feelgood [del.icio.us]

2009-04-24T18:18:05-07:00

50 Totally Free Lessons in Graphic Design Theory [del.icio.us]

2009-04-08T00:57:08-07:00

Seesmic Desktop [del.icio.us]

2009-04-07T21:32:27-07:00

Loving it!

Trading for a Living by Dr. Alexander Elder [del.icio.us]

2009-03-29T22:07:18-07:00

free audiobook

newsmap [del.icio.us]

2009-03-23T09:41:52-07:00

cool!

FreeRice [del.icio.us]

2009-03-23T09:30:47-07:00