Fluor awarded $268M cryogenic plant project by Pemex Gas. Foot Locker beats by $0.07, posts Q1 EPS of $0.20 ($31M). Revs fell 7.1% to $1.22B. GM reaches cost-cutting pact with UAW on labor and retiree health care benefits. GMAC gets $7.5B from Treasury to fund Chrysler loans, boost capital. Gap Inc.’s Q1 net dropped 14% to $215M as revs slipped...

A Friend of TMG’s Dr. Declan Fallon of Zignal’s wrote this great piece about 3 Gold miners to keep an eye on! As you have seen from my previous posts I continue to be bullish on the miners. Gold bugs have seen a steady improvement in the commodity pricing with the recent price cross of its 50-day MA and the subsequent cross of this moving...

Dow Industrials, down 129.91 points, or 1.54% to 8292.13. Nasdaq Composite, down 32.59 points, or 1.89% to 1695.25. S&P 500, down 15.14 points, or 1.68% to 888.33. 10-year Treasury declined 1 9/32 points to 98 2/32, raising its yield to 3.355%. Friday’s Economic Data No major economic indicators.

Since 2008, the Federal Reserve has loaned trillions of dollars in bailout money but refuses to tell Congress where it went. Legislative action is needed. The Federal Reserve Transparency Act would give the GAO the authority to audit the Federal Reserve and report its findings to Congress. The bill was written by Rep. Ron Paul and has 165 cosponsors,...

by Tyler Durden of Zero Hedge “The spread between the 10 Yr UST and the 30 Year current coupon mortgage index has collapsed to the tightest level in 2009. If the selloff in 10 Year bonds continues for another 68 bps (at this rate that would be achieved in about 3 hours), it will be cheaper to finance a mortgage compliments of bankrupt Fannie and...

Each day I am going to preview a few of the strong uptrend stocks using Market Club’s Smart Scan Technology. This will give you guys just a bit more information for your trading day! SILVER WHEATON CORP (NYSE: SLW) Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend...

Today Adam is going to be looking at the S&P 500 market. He last reviewed this market back on May 12th when it was trading at 908. Here we are two weeks later and the market is at 914. That doesn’t seem like a big move, but we’ve had some pretty big moves in the interim both on the upside and downside. I think you’ll find this new video interesting...

The gold market sprang into life yesterday (5/20) as it closed in on $940 level which brings it back to its best levels since March 20th. Adam last looked at the gold market shortly after his return from New Zealand on May 5th. At that time, Gold (xauusdo) was trading at $902 you can see that all on his earlier video. Presently we are trading around...

Joe Weisenthal and Kamelia Angelova of Clusterstock

World markets fall after Fed sees deeper slowdown. Advance Auto beats by $0.10, posts Q1 EPS of $1.02 as revs rise 10.3% to $1.68B. AnnTaylor Stores swung to a Q1 loss of $2.3M; revs down 28% to $426.7M. Britain’s debt outlook lowered to negative. BJ’s Wholesale Club’s Q1 net rises 41% to $24.3M; revs up 0.2% at $2.26B. Cable & Wireless...

If oil and gasoline prices continue to follow this seasonal trend into the July 4th holiday consumers WILL feel the pinch. Today again consumers lost  600,000 jobs for the past month. No money, rising gas prices = OUCH! Chart Courtesy of Pragmatic Capitalist

GT McDuffy of BloggingStocker has some interesting commentary on STEM. Stemcells Inc. (STEM)- I know, I know. A company for speculators. The stock has moved up from the lower dollar range to the upper dollar range recently, and seems to be in a holding pattern as investors try to figure out- “so where do we go from here?” My feeling is...

Dow Industrials, down 52.81 points, or 0.62% to 8422.04. Nasdaq Composite, down 6.70 points, or 0.39% to 1727.84. S&P 500, down 4.66 points, or 0.51% to 903.47. Thursday’s Economic Data 8:30 a.m. Initial Jobless Claims 10:00 a.m. May Philadelphia Fed Business Index 10:00 a.m. April Conference Board Leading Indicators 10:00 a.m. DJ-BTMU Business...

Each day I am going to preview a few of the strong uptrend stocks using Market Club’s Smart Scan Technology. This will give you guys just a bit more information for your trading day! Strong Uptrend DIREXION SHARE FINANCE BULL 3X (PACF:FAS) Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend...