By: Brandon Rowley of Trading Wall Street Investments Apple Apple may just be the best company in the country. The US recession drags on but someone might want to tell Apple with shares now trading just 22% off the all-time highs having rallied over 100% in the last six months. Apple continues to run on all cylinders racking up a whopping 626% increase...

Courtesy of AC Investor Chart courtesy of www.stockcharts.com ( click to enlarge ) ESLR has been drifting lower since making a high of 2.96 in June. At this stage, the share price of ESLR appears to be moving sideway, with a slight upward bias. While the share price is slowly moving up by the upside is blocked by a strong resistance around 2.4. The...

By Jeffrey Kennedy The following is an excerpt from Jeffrey Kennedy’s Trader’s Classroom Collection. Now through August 10, Elliott Wave International is offering a special 45-page Best Of Trader’s Classroom eBook, free. ———– Aspiring traders typically go through three phases in this order: Methodology....

Courtesy of Tyler at Zero Hedge The BLS has released the most recent mass layoff event and initial jobless claim data. The initial claimant data has dropped by about 34k month over month, and is 70.7% higher on a trailing twelve month basis. Comparable data for the initial jobless claims apps. It would be useful to compare these data vis-a-vis how many...

Courtesy of CalculatedRisk Here is another graph of inventory. This shows inventory by month starting in 2004. Inventory in June 2009 was below the levels in June 2007 and June 2008 (this is the 5th consecutive month with inventory levels below 2 years ago) and almost down to the levels of June 2006. It is important to watch inventory levels very...

IN ONE HOUR OF TRADING YOU CAN MAKE MORE MONEY THAN MOST PEOPLE DO SLAVING AT A DEAD END JOB ALL WEEK LONG… I didn’t believe it either until I saw the proof with my own eyes…Go Here (That’s why this email is a little longbut worth every second of your attention…) We here at The Market Guardian are just plain lucky as Manny Backus...

After the Close: AEIS, ARG, ALGN, AMZN, AXP, AMP, AMSG, AVID, AVCT, BJRI, BRCM, BUCY, BLDR, BNI, CA, COG, COF, CEC, CLS, CENX, CHRT, CAKE, CB, CYN, CPWR, CNW, CYBS, DDUP, DECK, DDR, DGII, EMN, ESIO, WIRE, EZPW, FII, GDI, GPN, HWAY, HITT, BLUD, INFA, INSU, IBKR, IFSIA, XXIA, JJSF, JNPR, KLAC, LCRD, LSCC, LEG, WFR, MTD, MCRL, MCHP, MSCC, MSFT, MTX, NARA,...

Crude oil for September delivery declined a second day in New York as rising U.S. fuel inventories dampened optimism for a swift rebound in demand. Gasoline and distillate fuel inventories in the U.S. rose in the week to July 17, the sixth consecutive increase, while crude supplies fell, according to an Energy Department report yesterday. Japan’s...

Courtesy of our friend MISH Dear Mr. President, Wednesday evening we heard you address the nation on health care and the economy. I was hoping to hear some tough answers to tough questions. Instead we were treated to one hour of tap dancing on eggshells where it seemed your primary intent was not to break any eggs. You spoke of the need for sacrifices...

Courtesy of CalculatedRisk NOTE: The seasonally adjusted weekly claims numbers is being impacted by the layoffs in the automobile industry. Usually auto companies cut back production in the summer, and the numbers are adjusted for that pattern – but this year the companies cut back much earlier. This distortion appears much smaller this week,...

US Files Indictment Against Danny Pang (WSJ) Basically just a restating of previous charges which were that the PEMGroup, as Pang once told a colleague, is a scam. A spokesman for Mr. Pang, however, said the businessman “believes these charges are false and he looks forward to being vindicated at trial.” Howard Marks: Stem Those Fees (NYP) The...

Courtesy of Phil’s Stock World GRANDPA JOE: But this roof is made of glass. It’ll shatter into a thousand pieces. We’ll be cut to ribbons! WILLY WONKA: Probably. Is today going to be the day?  After pressing against our breakout levels all week, today we should finally have the gas to get over the top.  We didn’t have a stick save yesterday...

From Bloomberg: Subprime-Mortgage Loss Forecast Is Raised by Standard & Poor’s Standard & Poor’s again boosted its projections for losses from U.S. subprime mortgages backing securities … Losses on loans backing 2006 securities will reach an average of about 32 percent of the original balances, while losses for similar 2007 bonds will...

Courtesy of Jesse’s Cafe Americain The “Build America Bonds” were created by Bill S.238 called “The Build America Bonds Act of 2009 which provides $50 billion of federal taxpayer funds to subsidize state and local government tax free bonds in support of ‘shovel ready’ infrastructure projects. The U.S. Government gives the...