Courtesy of Jeremy Richards E*TRADE Financial Corporation (ETFC) looks likea buy based on chart technicals. The one month by daily chart macd indicator is giving a buy signal and the three month by weekly slow stochastic chart indicator is bullish turning up from the oversold mark. Relative price strength is increasing. I believe a new up trend is starting and buying the stock at the current pric Read More...

Courtesy of David Ristau at The Oxen Group The Oxen Group, for Wednesday, is bullish about the prospects for Ultrashort Proshares Energy ETF (DUG). The ETF looks poised for a runup, tomorrow, amisdt what could be a pullback for oil prices tomorrow. The only major event scheduled for tomorrow is a Bernanke speech, but can he really say anything we don’t already know? In Asia, oil prices fell in t Read More...

Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends this spring’s rally, weekly resistance crossing at 1496.25 is the next upside target. Closes below the 20-day moving average crossing at 1401.98 would confirm that a short-term top has been posted. First resistance is Tuesday’s high cros Read More...

August Gold futures closed up $1.90 at $981.90 today. Prices closed near mid range again today. The market got some more support from a weaker U.S. dollar today. However, the gold market bulls may be getting exhausted as prices approach $1,000.00 an ounce. Gold bulls still have the near term technical advantage. Prices are in a seven week old uptrend on the daily bar chart. Latest Trade Triangles Read More...

The U.S. stock indexes closed firmer today in quieter trading. The indexes hit new multi- month highs as the bulls are “climbing a wall of worry” in the market place. Do not be surprised to see more consolidative trade in the stock indexes, heading into the summer months, when traders focus more on family vacations and outdoor activities. Wednesday’s Economic Data 7:00 a.m. May Read More...

Index Change Reminder (INDXCH) : General Motors (GM, GMGMQ) will be removed from the S&P 500 index after the close of trading today. Nissan Motor reports sales for March of 67,489 units versus 100,874 units a year ago (NSANY) 12.53 +0.02 : Co reports sales for March of 67,489 units versus 100,874 units a year ago, a decrease of 33.1%. Sales of Nissan Division vehicles decreased 32.5 percent, Read More...

Courtesy of Jay Yarow at ClusterStock Someone is trying to knock First Solar (FSLR) off its perch by tipping investigators that its OptiSolar acquisition might not be above board. A private citizen told California investigators to check out the land rights First Solar said it acquired when it paid $400 million in stock for OptiSolar’s project pipeline. When the deal was announced, First Solar s Read More...

According to Briefing.com EMC Corp (EMC 12.42 +0.67) proposes to acquire all of the outstanding common stock of Data Domain (DDUP 26.35 +0.88) for $30.00 per share in cash, in a transaction with a total enterprise value of approximately $1.8 bln, net of Data Domain’s cash. EMC states, “EMC’s all-cash offer represents a 20% premium to the cash and stock offer made by NetApp for Da Read More...

Briefing.com JPMorgan Chase (JPM 36.11) said Monday evening that it intends to raise $5 billion in common equity in order to clear a regulatory hurdle and pay back TARP funds the company received from the government. The Fed said Monday that large bank holding companies that wish to repay TARP funds must successfully demonstrate access to equity capital markets. JPMorgan said it expects to have Ti Read More...

New products helped Ford Motor Company (NYSE F) achieve its highest market share in three years, even as Ford decreased incentive spending in May. Ford, Lincoln and Mercury sales totaled 155,954, up 20 percent versus April and the highest sales for any month since July 2008. Inventories and Production At the end of May, Ford vehicle inventories totaled 350,000 (equivalent to 56 days’ suppl Read More...

Yesterday there was a short signal on IYT on the close. Unfortunately many brokers did not have shares available to borrow in order to get the short position off. How do you deal with such a situation? There are a few solutions. You can trade the inverse of the ETF. In IYT’s case, there was no inverse so therefore this couldn’t be done. But in most ETFs an inverse exists and within time more i Read More...

Adam Hewison takes a closer look at how far the Dollar can fall. He will show you how MarketClub has used the same approach in the same market using our “Trade Triangle” technology to trade this index and just how successfully this approach has been. Click the chart below to watch the short video Read More...

Biotech has some great opportunities out there for putting some my in your portfolio. Expect continued M&A activity in the remainder of the year after a series of huge mega deals in the first half of the year. We believe the current market environment in the Pharma/biotech industry is favorable for M&A activity. Zach’s.com has a few OPPORTUNITIES listed below. “Our best picks a Read More...

Courtesy of Phil of Phil’s Stock World Oh so close yesterday! I predicted the exact top in the morning post, saying: “A real Free Money Day if the US markets try to catch up (that would take us to 8,750 on the Dow!).”  One thing we know at PSW is not to turn down money when they are giving it away and our ONLY play of the day was grabbing the DIA $88 calls at $1 (which we Read More...

7:45 a.m. ICSC Chain Store Sales 8:55 a.m. Redbook Retail Sales 10:00 a.m. April Pending Home Sales 4:30 p.m. May 29 API Oil Industry Report 5:00 p.m. ABC/Wash Post Consumer Confidence 5:00 p.m. May Auto Sales Read More...