SNSS stock went parabolic Thursday afternoon just days after the company announced positive drug data. SNSS announces positive data from two Phase 2 clinical trials of the Company’s lead drug candidate, voreloxin. We are expecting a gap up Friday with a short term price target of $2.10. StockPreacher.com also announces an investment report featuring Sunesis Pharmaceuticals Inc. The full repo Read More...

AC Investor ( click to enlarge ) NANO made a significant bearish momentum today, bottomed at 12.55 and closed at 12.67. This fact should be seen as potential further bearish reversal scenario with technical target around 12.14 and 11.90. The bias is neutral in nearest term as we might see dowside correction. CCI is in overbought area and heading down on daily chart suggesting potential downside pu Read More...

Jeff Clark, Editor, Casey’s Gold & Resource Report Long-term readers know that gold moves inversely to the dollar, meaning if the dollar drops, gold tends to rise (and vice versa). This happens with about 80% regularity. But what many gold writers haven’t acknowledged is the leveraged movement our favorite metal has demonstrated this year to the world’s reserve currency. The U.S. dollar Read More...

Courtesy of The Pragmatic Capitalist Q3 earnings are officially over and it was one for the record books.  75% of all firms beat earnings estimates while just 14% missed.   Companies didn’t just beat earnings – they beat earnings by a wide margin.  The average historical beat is just over 3% while firms beat by over 7% in Q3.  This is a continuation of a trend we have been talking about Read More...

Jim Rogers is wildly bullish on Gold and says watchout for BIG currency Crisis. “It wouldn’t surprise me at all to see a nice rally in the dollar,” says Jim Rogers.  The legendary investor tells Tech Ticker he has started to accumulate more greenbacks as of late.  Rogers is still negative on the long-term fundamentals for the dollar, noting “the U.S. is the largest debtor n Read More...

There’s no doubt about it, for the past four weeks the S&P 500 index has been trapped in a trading range. In our new video we show you a key level to watch this week. If this level is broken, it will be a game changer for this index. Just click here to watch the video and as always our videos are free to view and there is no registration requirement. Read More...

Courtesy of The Pragmatic Capitalist Despite the incredible 60% rally and chatter of a new secular bull market many investors remain highly skeptical of the equity markets.  David Rosenberg recently released his 10 reasons why the rally is over and Meredith Whitney says the market is again at risk of a downturn.  But there is perhaps no one more skeptical of the rally as the great Richard Rus Read More...

Courtesy of Vince Veneziani at Clusterstock/Business Insider New jobless claims are up, but the good news is that they remain below 500,000, which is seen as a crucial level. So we’ll call a wash. ————————- AP: The number of newly laid-off workers seeking unemployment benefits likely rose last week, after dropping for five straight weeks. A Labor Department report is expected to Read More...

Scott Redler of T3Live.com The upper range remains in tact, as different types of trades keep popping up on a daily basis. This makes the Price Point Sheet that much more important, as those rotating with the patterns and trading the right strategies–both long and short–are getting paid! Click here to download a copy of today’s Morning Gameplan, available each and every morning Read More...

CalculatedRisk The Census Bureau reports: The … total October exports of $136.8 billion and imports of $169.8 billion resulted in a goods and services deficit of $32.9 billion, down from $35.7 billion in September, revised. October exports were $3.5 billion more than September exports of $133.4 billion. October imports were $0.7 billion more than September imports of $169.0billion. Click Read More...

Zero Hedge writes: With December almost done, and all the banks having already issued their rosy outlooks for 2010 (don’t ask us how the trading desks are axed, but you be sure a certain sense of “contrarianism” permeates Goldman’s traders), the objective third pary strategists begin chiming in. We present Rosie’s 2010 outlook from Today’s Breakfast with Dave p Read More...

A few media outlets cheered the announcement that Bank of America was repaying its $45 billion of bailout money ahead of time.  Bank of America is now obviously healthy again, so it’s time to celebrate, right? Well, no. The main reason Bank of America paid back the money was to get out from under the onerous pay caps that makes it harder to keep its people and attract a new CEO.  To make Read More...

Brandon of Trading Wall Street Investments Stock: Delta Air Lines (DAL) Industry: The airline industry is intensely price competitive and highly cyclical. The last decade has seen a major cyclical downturn in the global airline industry with particularly large shocks coming from the 9/11 attacks in 2001 the 2008 oil bubble. The industry has seen several major bankruptcies, substantial consolidati Read More...

T3Live.com Yesterday evening, Scott Redler was quoted in CNBC Patti Domm’s blog about the technical setup in the market following the sharp afternoon rally. Click here to read the full article. Getting Technical Scott Redler, a technical analyst with T3Live.com, said Wednesday was an important day technically for a market that has been seesawing with the dollar’s every move. He said Read More...

Etf trading has made it so easy for traders and investors to get maximum exposure to the entire market without the high fees of mutual funds and manager. There are now etfs covering almost every investment type whether it’s stocks, indexes, sectors, commodities, bonds, real estate, currencies etc… In this short report I will quickly show a few charts on what is happening for precious metals an Read More...