RIMM right at 200 day

Posted on February 24, 2010 at 10:08 am
RIMM 200 day is right at $70. Watch here FREE RIMM Instant Analysis Here Report sent to your inbox.
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/ESH0 Heading South?

Posted on February 24, 2010 at 9:24 am
Filed in: Market News
Vincent Fernando of Money Game Morgan Stanley thinks that it is impossible for the U.S. to successfully inflate itself out of its debt problem, even if it wants to, because three key hurdles are preventing it: Even stealth inflation would push up treasury yields. Nearly half of government spending outlays are linked to inflation. The Fed is unlikely...
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Courtesy of Joe Weisenthal at Clusterstock Here’s some more color on this morning’s weak consumer confidence data courtesy of our friends at Waverly Advisors. As you can see, it’s the 55+ over set losing hope the fastest while youth are on the rebound. The problem is that the 55+ are the most likely to make big-ticket purchases that are crucial...
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Is Ben Bernanke Smart Enough to Be a CEO?

Posted on February 23, 2010 at 9:49 pm
By Vedran Vuk, Casey Research Ben Bernanke has got to be laughing it up after being reappointed to another term as Federal Reserve chairman. What else could we expect from the ex-lawyers and lifetime Beltway bandits voting on global monetary policy? As he starts his second term, I’m once again reminded about how supremely unqualified this man is for...
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Review of some of the leader stocks

Posted on February 23, 2010 at 4:15 pm
Highchartpatterns We wrote a while back that on next dip we’d focus more on tech and less on commodities. Well, we’re here now and here is what we’re watching: We wrote last night to watch the 20/100 SMA on AAPL as a tell — today it cratered through. Technically nothing to do here in this stock in no-mans-land and we’ll...
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Gold Short-Term Trading Update

Posted on February 23, 2010 at 4:09 pm
Submitted by Nic Lenoir of ICAP Game plan has been to play long in Gold since 1,063. However we advised taking chips off the table partially at 1,125 as the market has not validate a break-out with a daily close. We have pulled back on the 1,097/1,100 support zone today, we would be cautious here. If we break lower the market will drop to 1,076 (61.8%...
Filed in: Gold

FDIC Q4 Banking Profile: 702 Problem Banks

Posted on February 23, 2010 at 10:06 am
CalculatedRisk The FDIC released the Q4 Quarterly Banking Profile today. The FDIC listed 702 banks with $403 billion in assets as “problem” banks in Q4, up from 552 banks with $346 billion in assets in Q3, and 252 and $159.4 billion in assets in Q4 2008. Note: Not all problem banks will fail – and not all failures will be from the problem...
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New York Sales Tax Receipts In Unprecedented Collapse

Posted on February 23, 2010 at 10:05 am
Courtesy of Joe Weisenthal at Clusterstock/Business Insider It’s a good thing Wall Street bonuses rebounded in 2009 because otherwise the State of New York would be totally screwed. Yesterday the Comptroller released its survey of the state’s sales tax receipts — a proxy for consumer spending that shows a trend opposite to Wall Street. Here’s...
Filed in: Market News

The Morning Call 2/23/10

Posted on February 23, 2010 at 9:59 am
Scott Redler of T3Live Today on The Morning Call I reviewd buy levels for the pull-in, as well as a short setup in China Agritech (CAGC). I have been talking about the fact that several charts looked very extended. This often provides good risk/reward short entries. Take a look at my chart of CAGC to see one such illustration: Every morning on T3Live...
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/ESHO Chart

Posted on February 23, 2010 at 9:49 am
If we can’t hold the 1096 area I think we have a great chance at seeing 1085.
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Looking At Silver for All the Wrong Reasons (VIDEO)

Posted on February 23, 2010 at 9:39 am
Late in 2009 a lot of folks began asking us about buying silver instead of gold. At the time, we stated exactly how we felt, in that, why would you try to buy something that is not in the same league as gold? The two markets are completely different and are driven by a different set of emotions and fundamentals. This is the first video that Adam has...
Filed in: Market Videos

Case Shiller home prices go up … and down

Posted on February 23, 2010 at 8:59 am
The Mess That Greenspan Made The server at Standard and Poors appears to be overloaded, so, without the entire S&P Case Shiller Home Price Index report for the month of December, the best that can be done here is to take the two conflicting headlines you may now be reading and update the chart below. Note: The chart above is animated – if...
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Oh AIG, What Is That Up Your Sleeve?

Posted on February 23, 2010 at 8:57 am
Courtesy of Karl Denninger at The Market Ticker Heh, Bloomberg is blowing a whistle! A potentially more important development slipped by with less notice, Bloomberg Markets reports in its April issue. Representative Darrell Issa, the ranking Republican on the House Committee on Oversight and Government Reform, placed into the hearing record a five-page...
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Be Patient in Overbought Conditions

Posted on February 23, 2010 at 8:47 am
The market continues to be overbought and it will be important to see whether we see across the board short opportunities or we simply rest to digest the recent bounce. The financials saw a nice bounce during the day yesterday before pulling back. The futures are down slightly this morning in these conditions, and honestly its hard to be aggressive...
Filed in: Market News