short-term trading

Dave Rosenberg: What to Expect From This Market

Published on 2010-08-23 22:52:00

From Dave Rosenberg:If (the banks) are lending to anyone, it is to Uncle Sam — the banks continue to play the yield curve, belatedly, and were net buyers of government securities to the tune of $15 billion last week on top of the $8 billion net investment the week before. Moreover, the banks are sitting on even more cash, up $35 billion last week, to $1.3 trillion, so there is lots of buying power to take these long-term Treasury yields even lower.Despite the most aggressive government efforts

Top 10 Economic Events Next Week

Published on 2010-08-22 08:45:00

From Short-Term TraderTop 10 economic events next week:1. EUR- Euro-zone Manufacturing and Services PMI- Purchasing Managers Indexes, Mon., Aug. 23, 4:00 am, ET.2. USD- U.S. Existing Home Sales, Tues., Aug. 24, 10:00 am, ET. 3. JPY- Japan Trade Balance, Tues., Aug. 24, 7:50 pm, ET. 4. EUR- Germany IFO Institute Business Climate and Expectations Index, Wed., Aug. 25, 4:00 am, ET. 5. USD- U.S. Durable Goods Orders, Wed., Aug. 25, 8:30 am, ET. 6. USD- U.S. New Home Sales, Wed., Aug. 25, 10:00

What Will Markets Do Next Week (Emini S&P and Euro)?

Published on 2010-08-21 17:29:00

Slope Of Hope

Investors Don’t Like Intel-McAfee

Published on 2010-08-21 09:56:00

Intel agreed to pay a 60% premium for a company with it has little or no synergies. The fact that Intel has decided not integrate McAfee into its operations also raises questions about the deal and the price tag.  Deals motivated by a desire to increase revenue or to purchase intellectual property or technology were among the worse performing deals. The bad news for Intel’s investors its deal for McAfee fits in both categories.WSJTechnically, INTC is testing an important support

Markets Don't Like Intel

Published on 2010-08-21 06:51:00

By Short-Term TraderMarkets do not like Intel Acquisition of Mc Afee. Prices are testing the support of $19. I am negative after the bearish reversal island and the big gaps to the downside. I am convinced that in the medium term we will see lower lows. However, I don't like selling when the market prints new lows.... Read also Intel Intelligence.

Dave Rosenberg: US Recession Never Ended

Published on 2010-08-21 06:02:00

Our suspicions have been confirmed — the recession never ended. Macroeconomic Advisers produces a monthly U.S. real GDP series and it shows that the peak was in April, as we expected, with both May and June down 0.4% in the worst back-to-back performance since the economy was crying Uncle! back in the depths of despair in September-October 2008. The quarterly data show that Q2 stands at a +1.1% annual rate (so look for a steep downward revision for last quarter) and the “build in” for Q3 i

United States Natural Gas Fund, LP (UNG): Congestion at 7.20 Is Not Promising

Published on 2010-08-15 18:10:00

$7.20 is an important support.  The congestion developed over the past week is not promising and it looks bearish. The weekly storage report, however, is not bad.  Working gas in storage was 2,985 Bcf as of Friday, August 06, 2010, according to EIA estimates. This represents a net increase of 37 Bcf from the previous week. Stocks were 158 Bcf less than last year at this time and 219 Bcf above the 5-year average of 2,766 Bcf.   EIA report

Dollar Breaks Longest Losing Streak in 5 Years

Published on 2010-08-14 14:03:00

The Dollar Index surged, breaking its longest stretch of weekly losses in more than five years, as concern the global economic recovery is stumbling curbed investors’ appetite for higher-yielding assets. The U.S. currency rose against all 16 of its most-traded counterparts as data from Europe, China and America fueled demand for safety. “With the economy expected to grow at a much slower rate, investors were looking for safe-haven buying".  “The global outlook was a little more uncert

Markets Wake Up Call: There Is a Crack In The Bulls' Sentiment

Published on 2010-08-12 01:43:00

Are markets waking up after dreaming of growing earnings and an improving economy? It seems that today's plunge of almost 3% has given birth to a number of pessimistic articles on the web about future prospects of the economy and equities. To say the truth, Dave Rosenberg has been writing for quite a long time about his views of a slowing economy and an overvalued stock market in a deflation environment. In his opinion, last year's rally should be seen like a tremendous short-covering and a gove

Cisco CEO on the economy

Published on 2010-08-11 22:30:00

In terms of the economy, it's mixed signals. ... The majority of my customers believe the economy is going to continue just going slowly going up, but very slowly. Not what they would have said even just three to four months ago in terms of their expectations.If we were to poll them I'm sure the average comes in at about 2 percent growth for the second half of the year. Doesn't mean that those customers are right, just that that's what on their mind in terms of their spending pattern. We're not