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MARKET REVIEW: Dollar retreats on weaker U.S. data and good
demand in treasuries
======================================================
Dollar retreated in U.S. session on Wednesday mainly due to report of strong demand of U.S. 2-year notes by foreign interests and the much weaker than expected U.S. durable orders for June. The headline number rose by 0.1% m/m against the economists' consensus of 1.9% growth. Investors were also concerned on the Fed Beige report that showed a lack of improvement in the manufacturing sector despite domestic demand remained strong. This could slow down the pace of Fed tightening.
Euro and cable rebounded to 1.2056 and 1.8250 in late U.S. session after registering new lows for the week at 1.1999 and 1.8148 respectively. Usd/chf also weakened slightly to 1.2750 after strong rally to 1.2799. However, Usd/yen maintained a firm undertone and rose to 111.90 due to active cross selling in yen.
Market focus will be the RBNZ interest rate decision on Thursday, expects the benchmark rate will rise to 6%. On the data front, Japan will release the unemployment report, U.S. will release weekly jobless claims and employment cost while Canada will release GDP and PPI data.
======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis (Majors) - USD 300/m,(Majors/Minors/Crosses) - USD 360/m
Contact us for further information query@acetrader.com
======================================================
======================================================
Major Economic Indicators for Today (Jul 29, 2004)
======================================================
Time Country Indicator
0930 U.K. GFK Survey Jul
1230 U.S. Jobless Claims W/E
1230 U.S. Employment Cost Q2
1230 Canada PPI M/M Jun
1230 Canada GDP M/M May
======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 01:20GMT
USD/YEN - 111.70
Despite yesterday's cross-inspired rally, as recent upmove is losing momentum and as long as daily chart res at 112.00 holds, consolidation with mild downside bias is seen for a retracement of intermediate rise from 108.10 to take place later today or tomorrow.
======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information query@acetrader.com
======================================================
======================================================
DAILY TECHNICAL OUTLOOK ON GBP/USD
======================================================
Last Update At : 2004/07/29 01:59
GBP/DLR..1.8237..Cable met renewed selling at 1.8254 (our daily
short entry at 1.8265 was unable) in Asian morning yesterday n intra-day decline then gathered momentum after penetrating previous day's low at 1.8200, price subse-quently fell to 1.8148 b4 rebounding. As both 15 min. n hourly oscillators dis- played bullish convergences at said low, therefore, we turned long for day n weekly trades in anticipation of a retracement of last week's fall fm 1.8774.
We took profit on our y'day's long position in U.S session (long at 1.8185 for 1.8250) n in view of nr term bullish expectation on cable, buying cable again on intra-day pullback is recommended n a breach of o/n high at 1.8258 wud add credence to this view n yield further gain to 1.8300, then 1.8387 (38% r of 1.8774-1.8148).
On the downside, below 1.8200 wud defer but break of 1.8148 is needed to signal aforesaid fall fm 1.8774 has resumed, however, 'loss of momentum' wud limit weakness to 1.8127 (50% r of 1.7480-1.9142) n reckon 1.8100/10 wud remain intact today n bring another rebound tom...
======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information query@acetrader.com
======================================================
======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================
Update Time : 2004/07/28 12:32GMT
DAILY GBP/USD OUTLOOK - +1.8185+
Although cable has fallen after meeting renewed selling at 1.8254, as last week's selloff fm 1.8774 to retrace upmove fm 1.7480 is losing momentum, reckon 1.8100/05 wud hold, bring rebound but abv 1.8254 needed to confirm temp. low is made, 1.8300.
Turn long n take profit on such move, stop 1.8080, break risks marginal weakness to 1.8050...
Rate: +1.8185+
Strategy: +Venture long at market+
Position:
Objective: +1.8250+
Stop-Loss: +1.8125+
Resistance: 1.8200/1.8254/1.8300
Support: 1.8148/1.8101/1.8012
======================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF
(+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502
pips), GBP/USD (+ 247pips)
======================================================
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989
Our Top 50 Watch Stocks – July 28, 2004 – updated daily
It was nice yesterday to see some strength in the markets and the absence of “usual” afternoon sell-off. For today while European markets are all positive U.S. stock futures are currently indicating a flat opening to today’s trading.
Today’s Additions: FTGX; IDWK; IMAX TKO.
Watch Stocks: BKHM; UTSI; DSPG; EFII; HELX; ROG; AMCC; CYTK; MOSY; CGNX; CREE; ANDW; ARTX; CNXT; DRIV; HELX; RETK.
Trend Reversal: ALVR; SGTL; SSTI; BSQR; PLXT; FPDI; JCOM; WTLSA; MAMA; SPIL; IDEV; SONSE; WEBX; IWOV.
Failures: AGRa; SWKS; SANM; IVAC; CMGI; OVTI; SUNW.
Deletions:
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Trend Reversal are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.
IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.
Disclosure LONG: OVTI; FPDI; JCOM; SONSE
TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 08:00GMT
EUR/USD - 1.2076
Although 1.2035 has contained yesterday's selloff and minor consolidation is seen, downside bias remains for recent decline fm 1.2462 to resume, below said support wud extend weakness to
1.2000 before prospect of a rebound.
======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook,daily
technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information query@acetrader.com
======================================================
======================================================
INTRA-DAY USD/YEN OUTLOOK - 111.02
======================================================
Update Time : 2004/07/28 00:49GMT
Dlr's rebound after finding renewed buying interest at 110.81 suggests recent upmove has possibly resumed n one more rise to indicated obj. is seen but reckon 111.48 wud hold due to nr term loss of momentum n yield retreat.
Suggest to buy for this move with stop below said sup, break wud risk 110.55/60 b4 rebound...
Rate: 111.02
Strategy: Buy at market
Position:
Objective: 111.35
Stop-Loss: 110.80
Resistance: 111.19/111.48/112.00
Support: 110.59/110.32/110.10
======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information query@acetrader.com
======================================================
======================================================
INTRA-DAY AUD/USD OUTLOOK - 0.7010
======================================================
Update Time : 2004/07/28 02:44GMT
As 0.7022 has capped upside, present retreat suggests y'day's selloff wud resume after minor consolidation n yield marginal weakness below 0.6975 sup, however, near term loss of momentum wud limit downside to 0.6955/57 n risk rebound later.
Hold short, stop as indicated. Only abv 0.7067 res (prev. sup) wud signal temp. low is made...
Rate: 0.7010
Strategy: Hold short
Position: Short at 0.7020
Objective: 0.6985
Stop-Loss: 0.7045
Resistance: 0.7067/0.7102/0.7143
Support: 0.6975/0.6957/0.6929
======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information query@acetrader.com
======================================================
======================================================
SEP EURODOLLAR FUTURES DAILY OUTLOOK - 98.01
======================================================
Update Time : 2004/07/28 01:16GMT
Y'day's decline suggests retracement of early rise fm 97.74 has
possibly commenced for weakness twd 97.97/98 but 97.95 shud
hold n yield rebound.
Sell again on recovery, stop as indicated. Only abv 98.07 wud signal
correction has ended, 98.11...
Rate: 98.01
Strategy: Sell at 98.03
Position:
Objective: 97.98
Stop-Loss: 98.06
Resistance: 98.07/98.11/98.15
Support: 97.97/97.92/97.86
======================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF
(+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502
pips), GBP/USD (+ 247pips)
======================================================
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989
MARKET REVIEW: Dollar rallies on strong U.S. economic data
======================================================
Dollar rallied strongly on Tuesday as investors believed that the Fed would raise interest rates more aggressively after the release of much better than expected U.S. consumer sentiment indicators. The U.S. consumer confidence for July rose to 95.6 against the forecast of 95 ..............................................................................................................................................0, while the new home sales for July registered 1.33 million units versus the expectation of 1.28 million. Both figures echoed last week's Greenspan's hawkish statement of U.S. economic outlook.
Euro and cable fell to 1.2035 and 1.8200 respectively while the greenback rose to 1.2777 and 111.19 against Swiss franc and Japanese yen.
Wednesday's focus will be on the release of the U.S. durable goods orders for June, expects to grow by 1% after 1% drop in May. A strong number is likely to spark another round of dollar buying. Also on the calendar, Japan and Germany will release retail sales for June and GFK sentiment index for August.
======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information query@acetrader.com
======================================================
======================================================
Major Economic Indicators for Today (Jul 28, 2004)
======================================================
Time Country Indicator
0600 Germany Gfk Index Aug
1230 U.S. Durable Goods Jun
======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 01:00GMT
USD/YEN - 111.00
Dollar's yesterday's rally above 110.32 suggests recent upmove from 107.02 to retrace major fall from 114.90 remains in progress, bring further gain towards 112.00 chart resistance before retreat due to overbought condition.
Below 110.32 sup (previous res) would signal a temporary top has
been formed and yield stronger pullback but 109.61 sup would
remain intact.
======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information query@acetrader.com
======================================================
======================================================
DAILY TECHNICAL OUTLOOK ON EUR/USD
======================================================
Last Update At : 2004/07/28 01:37
EUR/DLR..1.2057..Although y'day's intra-day rise to 1.2190 (after the release of better than expected German IFO data) stopped out our daily short position, readers who followed our intra-day sell strategies n also our daily update at 13:43GMT wud have made good profits as the euro plummeted almost 160 points to 1.2035 on subsequent broad-based rally in the dlr caused by a much stronger than expected U.S. consumer confidence report.
Y'day's selloff confirms a strg retrace. of the major rise fm 1.1760 remains in progress n further weakness twd 1.2000/05 (50%
projection of 1.2462-1.2087 measured fm 1.2190) is envisaged after minor consolidation, however, as hourly oscillators have already displayed bullish convergences, reckon daily chart sup at 1.1954 wud remain intact today n yield rebound. Looking at the bigger picture, a breach aforesaid pivotal sup wud signal MT fall fm this year's top at 1.2930 has finally resumed n eventual re-test of 1.1760 wud be seen.
On the upside, in the event euro is able to rise abv 1.2129/31 (61.8% r of 1.2190-1.2035 n also current level of the slow 55-hr ema), this wud signal a temp. low is in place but y'day's high at 1.2190 shud hold fm here...
======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information query@acetrader.com
======================================================
======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================
Update Time : 2004/07/27 13:44GMT
DAILY EUR/USD OUTLOOK - 1.2152
Despite intra-day brief rise to 1.2190, current retreat has retained our bearishness n below 1.2122 sup wud confirm corrective rise fm 1.2087 has ended n signal last wk's selloff fm 1.2462 to retrace up-move fm 1.1760 has resumed twds 1.2066.
Reinstate short with stop as indicated, break wud risk correction of aforesaid decline to 1.2275.
Rate: 1.2152
Strategy: Sell again at market
Position:
Objective: 1.2070
Stop-Loss: 1.2205
Resistance: 1.2211/1.2275/1.2294
Support: 1.2122/1.2087/1.2066
======================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF
(+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502
pips), GBP/USD (+ 247pips)
======================================================
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989
Our Top 50 Watch Stocks – July 27, 2004 – updated daily
Yesterday was another very disappointing day with most of our Watch Stocks showing further declines, in part due to the release of disappointing results and/or guidance. ANDW is an excellent example and yesterday’s fall provided an excellent mid-day buying opportunity. That’s why we continue to strongly recommend using the link below to find out when the companies are due to report - in this market it can prove expensive to hold a stock through earnings. We wouldn’t for example even recommend holding through earnings stocks such as UTSI (results due after close today) even though we expect earnings/guidance to be positive.
For today U.S. stock futures are currently indicating a positive opening to today’s trading.
Today’s Additions: ALVR; BKHM; SGTL; SSTI; UTSI.
Watch Stocks: BSQR; DSPG; EFII; HELX; PLXT; ROG; AMCC; CYTK; MOSY; CGNX; FPDI; JCOM; CREE; WTSLA; ANDW; ARTX; CNXT; DRIV; HELX; MAMA; RETK;; SPIL.
Trend Reversal: IWOV.
Failures: AGRa; SWKS; IDEV; SONSE; SANM; WEBX; IVAC; CMGI; OVTI; SUNW.
Deletions:
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Trend Reversal are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.
IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.
Disclosure LONG: OVTI; FPDI; SONSE
TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 08:10GMT
EUR/USD - 1.2163
Despite euro's strong recovery from 1.2087, as long as 1.2211 res (
previous sup) holds, bearishness remains for recent decline fm 1.
2462 to resume, bring retracement of major rise from 1.1760 for
further weakness towards chart sup at 1.2066 but loss of momentum
wud limit downside and yield rebound.
======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information query@acetrader.com
======================================================
======================================================
INTRA-DAY EUR/USD OUTLOOK - +1.2176+
======================================================
Update Time : 2004/07/27 08:33GMT
Although euro has edged higher after finding minor sup at 1.2122,
abv 1.2172 is needed to abort daily bearishness n signal retrace. of
recent sell-off is under way twds 1.2205/10 but 1.2230/35 shud
cap upside n yield retreat.
Buy on break of said res n exit on such rise. Below said sup wud
bring test of 1.2109 1st...
Rate: +1.2176+
Strategy: +Hold long for st trade+
Position: +Long at 1.2176+
Objective: 1.2210
Stop-Loss: +1.2151+
Resistance: 1.2211/1.2267/1.2294
Support: 1.2122/1.2109/1.2087
======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information query@acetrader.com
======================================================
======================================================
INTRA-DAY EUR/GBP CROSS OUTLOOK - 0.6595
======================================================
Update Time : 2004/07/26 22:33GMT
Euro's present anticipated weakness indicates recent decline has
resumed n although marginal fall to 0.6585/90 is envisaged, as broad
outlook remains consolidative, 'loss of momentum' shud keep price
abv 0.6565/70 in Asia n bring rebound.
Trade fm short side, stop as suggested n wud be prudent to take
profit on subsequent decline...
Rate: 0.6595
Strategy: Hold short
Position: Short at 0.6610
Objective: 0.6590
Stop-Loss: 0.6605
Resistance: 0.6617/0.6634/0.6656
Support: 0.6585/0.6545/0.6511
======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information query@acetrader.com
======================================================
======================================================
SPOT SILVER DAILY OUTLOOK - 6.23
======================================================
Update Time : 2004/07/27 00:21GMT
Although 6.16 has contained weakness n minor consolidation is
envisaged, silver's decline fm 6.74 shud resume later, below said sup
yields 6.10/12.
Sell recovery, stop as indicated, break wud signal temp. low is made
n risk retrace. to 6.42/44...
Rate: 6.23
Strategy: Sell at 6.27
Position:
Objective: 6.16 1st
Stop-Loss: 6.35
Resistance: 6.33 / 6.38 / 6.48
Support: 6.16 / 6.09 / 6.00
======================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF
(+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502
pips), GBP/USD (+ 247pips)
======================================================
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989
MARKET REVIEW: Dollar retreats slightly on profit-taking
======================================================
Dollar lost ground slightly in quiet trading on Monday as some investors took profit on their long positions after last week's strong rally. Some traders were also sidelined ahead of the U.S. and European economic data releases in the next few days. U.S. existing home sales were 6.95 million units in June, higher than the expectation of 6.60 million, but the data did not have much positive impact on the greenback.
Corporate flows were the main feature with good interests in selling euro against cable due to a Spanish bank's (Santander) greement to take over a British bank (Abbey National) for 15 billion euros.
The cable and euro retreated to 1.8423 and 1.2172 respectively while the U.S. unit fell to 1.2591 against the Swiss franc. Dollar/yen rebounded to 110.10 on active cross selling against European currencies in late U.S. session after an early decline to 109.42 in late Asian market.
Tuesday's focus will be on the release of U.S. consumer confidence and new home sales data, as well as the German IFO index.
======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information query@acetrader.com
======================================================
======================================================
Major Economic Indicators for Today (Jul 27, 2004)
======================================================
Time Country Indicator
0800 Germany IFO Index Jul
1400 U.S. New Home Sales Jun
1400 U.S. Consumer Confidence Jul
======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 01:10GMT
USD/YEN - 109.87
Despite recent choppy consolidation, as long as 109.27 support holds, upside bias remains for the upmove from 107.02 to retrace major fall from 114.90 to resume and above yesterday's high at 110.27 wud bring eventual gain to 110.90/00. Below said support would signal temporary top has been formed.
======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information query@acetrader.com
======================================================
======================================================
DAILY TECHNICAL OUTLOOK ON GBP/USD
======================================================
Last Update At : 2004/07/27 00:00
GBP/USD..1.8397..Cable proved to be even more 'trickier' to trade than euro y'day as price staged a strg rebound fm Asian morning low of 1.8313 to an intra-day high of 1.8423 in Europe, largely due to cross-buying of sterling vs yen as well as euro. Having said that, as the rebound fm Friday's 1.8300 low is viewed as a minor correction of last week's selloff fm 1.8774, reckon upside today wud falter well below res at 1.8493 n yield resumption of aforesaid decline, however, below 1.8342 (y'day's European low) is needed to confirm this view n bring subsequent weakness twd 1.8267, being a confluence point of 50% proj. of the fall fm 1.8774-1.8322 measured fm 1.8493 as well as 80.9% proj. of the nr term fall fm 1.8493-1.8300 fm 1.8423 (adjust this lvl if cables edges higher).
In the event price trades abv 1.8342 n penetrates 1.8493 res, this wud signal the aforesaid fall fm 1.8774 is being corrected, then risk is seen for further head way to 1.8537 (50% r) b4 prospect of a subsequent retreat.
Looking ahead, the decline fm 1.8774 is seen as a retracement of the major rise fm 1.7480 n cable shud head to 1.8127 in early August. So selling on recovery for position trade is recommended with stop abv 1
..................................................................................................................................................8593...
======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information query@acetrader.com
======================================================
======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================
Update Time : 2004/07/26 12:49GMT
GBP/YEN DAILY CROSS OUTLOOK - 201.58
Stg's rebound fm 201.15 suggests pullback fm 202.67 has possibly ended n abv 202.30 wud signal nr term erratic rise fm 200.47 has resumed, 203.09.
Buy at market, stop as indicated, break wud prolong consolidation but 200.47 sup shud hold...
Rate: 201.58
Strategy: Buy at market
Position:
Objective: 202.30
Stop-Loss: 201.00
Resistance: 202.30/202.67/203.09
Support: 201.15/200.47/200.12
======================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF (+
1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502
pips), GBP/USD (+ 247pips)
======================================================
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989
Our Top 50 Watch Stocks – July 26, 2004 – updated daily
Following the Shrewd Dude’s return from holiday on July 19 we decided to start building a fresh list of Watch Stocks. Please refer to the notes below and exercise additional care as we are now well into the reporting seasons – use the link below to find out when the companies are due to report.
Friday was another day where only those with quick fingers made money with our “Today’s Additions” in particular making gains only to fall back on profit taking. We’ve now had six straight weeks of declines and while, when the market turns, we fully expect our Watch Stocks to have an above average performance great care should in the meantime be exercised.
For today U.S. stock futures are again indicating a flat opening to today’s trading.
Today’s Additions: MDSI; MYK; PKTR; SSPI; VTSS.
Watch Stocks: BSQR; DSPG; EFII; HELX; PLXT; ROG; AMCC; CYTK; MOSY; CGNX; FPDI; JCOM; CREE; WTSLA; ANDW; ARTX; CNXT; DRIV; HELX; MAMA; RETK;; SPIL.
Trend Reversal: AGRa; SWKS; IDEV; IWOV; SONSE; WEBX; IVAC.
Failures: SANM; CMGI; OVTI; SUNW.
Deletions:
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Trend Reversal are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.
IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.
Disclosure LONG: OVTI; JCOM; FPDI; PKTR.
MARKET REVIEW: Dollar rallies across the board on expectations of
solid economic growth
======================================================
Dollar rallied strongly on Friday due to expectations that the Fed would raise interest rates in August and as Fed governors expressed confidence on the U.S. economic outlook despite recent weaker than expected economic data.
Euro and cable fell to 1.2087 and 1.8300 respectively while the greenback rose to 1.2582 against the Swiss franc. However, prospects of a stronger Japanese economic outlook led to active cross buying of Japanese yen against European currencies. As a result, the dollar moved sideways against the yen after failing to penetrate Thursday's high at 110.32.
Monday will see the release of the E-12 current account balance for May, Canadian retail sales for May and U.S. existing home sales for June.
======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information query@acetrader.com
======================================================
======================================================
Major Economic Indicators for Today (Jul 26, 2004)
======================================================
Time Country Indicator
0800 E-12 Current Acount May
1230 Canada Retail Sales M/M May
1400 U.S. Existing Home Sales Jun
======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 00:40GMT
USD/YEN - 109.90
Although resistance at 110.27 has continued to hold and consolidation is envisaged, dollar should find renewed buying above 109.27 and bring resumption of early upmove from 107.02 but 110. 95/00 is expected to hold from here due to loss of momentum.
======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information query@acetrader.com
======================================================
======================================================
DAILY TECHNICAL OUTLOOK ON EUR/USD
======================================================
Last Update At : 2004/07/25 23:47
EUR/USD..1.2111..Euro's reversal fm 1.2462 confirms the recent erratic rise fm 1.1760 to correct this year's major decline fm 1.2930 has ended n down-side bias is seen for a 'strg retracement' of this move, bring initial weakness to 1.2028 (62%), however, a daily close below pivotal chart sup at 1.1954 is needed to signal a 'downside break' of the prolonged consolidation fm 1.1760 has finally occured n yield resumption of aforesaid decline fm 1.2930 to re-test 1.1760 later next month.
Our weekly short position entered at 1.2290 took profit on Friday when euro plunged to 1.2087 n in view of present bearish outlook, selling euro again for weakness twd 1.1954 sup is still favoured n reckon 1.2211 wud hold for this move. On the upside, only abv 1.2300/02 (prev. sup) wud abort present bearish scenario n re-test of 1
......................................................................................................................................................2462 can not be ruled out.
Today, Friday's 'weak closing' shud pressure euro n initial weakness to chart sup at 1.2066 is envisaged, however, bullish convergences on 15 min. oscillators suggest 1.2028 wud hold on 1st testing. Therefore, profit on short shud to be taken on decline n only abv 1.2211 wud confirm temp. low is made...
======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information query@acetrader.com
======================================================
======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================
Update Time : 2004/07/22 23:18GMT
DAILY DLR/CHF OUTLOOK - 1.2483
Despite y'day's cross-inspired retreat to 1.2438, subsequent rebound suggests pullback fm 1.2582 has possibly ended n upside bias is seen for early rise fm 1.2202 to retrace intermediate fall fm 1.3095 to resume, yield 1.2582 res but 1.2630 wud hold.
Trade fm long side with stop below there, break wud risk stronger correction to 1.2390 b4 up...
Rate: 1.2483
Strategy: Hold long
Position: Long at 1.2465
Objective: 1.2570
Stop-Loss: 1.2435
Resistance: 1.2540/1.2582/1.2676
Support: 1.2438/1.2364/1.2315
======================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF (+
1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502
pips), GBP/USD (+ 247pips)
======================================================
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989
Our Top 50 Watch Stocks – July 23, 2004 – updated daily
Following the Shrewd Dude’s return from holiday on July 19 we decided to start building a fresh list of Watch Stocks. Please refer to the notes below and exercise additional care as we are now well into the reporting seasons – use the link below to find out when the companies are due to report.
Yesterday was certainly a day of two halves, a big sell-off in the morning followed by the return of bargain hunters in the afternoon – for markets like this one needs nerve of steel. For today U.S. stock futures are again indicating a flat opening to today’s trading.
Today’s Additions: BSQR; DSPG; EFII; HELX; PLXT; ROG.
Watch Stocks: AMCC; CYTK; MOSY; CGNX; FPDI; JCOM; CREE; WTSLA; ANDW; ARTX; CNXT; DRIV; HELX; MAMA; RETK;; SPIL.
Trend Reversal: AGRa; SWKS; IDEV; IWOV; SONSE; SANM; WEBX; IVAC.
Failures: CMGI; OVTI; SUNW.
Deletions:
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Trend Reversal are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.
IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with a stock. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: OVTI; JCOM; FPDI.
MARKET REVIEW: Dollar retreats on profit taking
======================================================
Dollar retreated slightly on Thursday as investors took profits after the recent strong rally and despite data showing a decline in U.S. weekly jobless claims to 339,000 fm 345,000. U.S.leading indicators fell by 0.2% m/m, slightly worse than the expectation of -0.1%.
As the Fed is likely to raise interest rates again in August, narrowing of yield differentials continued to attract flows into U.S. assets and thus, is expected to provide support to the greenback on dips.
Euro and cable recovered to 1.2394 and 1.8493 respectively while the dollar fell to 109.27 and 1.2438 against Japanese yen and Swiss franc.
The will be no major U.S. economic data to be released on Friday and market focus is likely to be on U.K. GDP growth for Q2,which is expected to show an increase of 0.9%.
======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information query@acetrader.com
======================================================
======================================================
Major Economic Indicators for Today (Jul 23, 2004)
======================================================
Time Country Indicator
0645 France HICP final M/M Jun
0645 France HICP final Y/Y Jun
0830 U.K. GDP prelim Q/Q Q2
0830 U.K. GDP prelim Y/Y Q2
======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 00:40GMT
USD/YEN - 109.85
Dollar's rebound from 109.27 indicates the upmove from 107.02 to retrace major decline from 114.90 has possibly resumed one more rise is envisaged, however, overbought condition would limit upside and yield retreat next week. Below said support would signal temporary top is in place.
======================================================
Daily Technical Outlook
EUR/USD, USD/CHF, GBP/USD, USD/YEN
USD 80/m, Contact us for further information query@acetrader.com
======================================================
======================================================
DAILY TECHNICAL OUTLOOK ON USD/CHF
======================================================
Last Update At : 2004/07/23 01:33
USD/CHF..1.2493..The dlr fell to 1.2438 y'day on cross unwinding in chf against the euro n we were able to enter a daily long position at 1.2465. Dlr's subsequent rebound fm 1.2438 suggests correction fm
Wednesday's high at 1.2582 has possibly ended n we are running our position for re-test of said res, a break abv 1.2540 (yesterday's European session high) wud lend credence to this view n the upmove fm 1.2202, which is viewed as a retracement of the intermediate decline fm 1.3095, wud extend to 1.2649 (50% r) but reckon res at 1.2676 wud hold n yield pullback next week..
Looking at the bigger picture, only a firm break abv 1.2676 wud signal the decline fm 1.3230 (April '04 high) has possibly ended n bring eventual gain twd 1.2835/40 (61.8% r of 1.3230-1.3202)..
On the downside, a break below yesterday's low at 1.2438 wud efer this bullish scenario n risk wud be seen for a retracement of the intermediate rise fm 1.2232 to 1.2407/11 (sup n 50% r) but reckon 1
.............................................................................................................................................................2366 (61.8% r) shud hold n bring rebound...
======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information query@acetrader.com
======================================================
======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================
Update Time : 2004/07/22 06:53GMT
DAILY DLR/YEN OUTLOOK - 109.74
As dlr has retreated after y'day's rally to 110.32, suggesting consolidation with mild downside bias is seen for retrace. to 109.25/30 but as long as sup 108.83 (prev. res) holds, recent erratic up-move shud resume later but 110.96 wud hold.
Exit long n look to buy on such dips, stop below said sup, break aborts n brings test of 108.38.
Rate: 109.74
Strategy: Exit long n buy at 109.30
Position: Long at 109.60
Objective: 110.20
Stop-Loss: 108.80
Resistance: 110.32/110.96/111.48
Support: 109.28/108.83/108.10
======================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF
(+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502
pips), GBP/USD (+ 247pips)
======================================================
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989
Our Top 50 Watch Stocks – July 22, 2004 – updated daily
Following the Shrewd Dude’s return from holiday on July 19 we decided to start building a fresh list of Watch Stocks. Please refer to the notes below and exercise additional care as we are now well into the reporting seasons – use the link below to find out when the companies are due to report.
Unless you were able to take advantage of yesterday’s opening rally the subsequent rapid and sustained sell-off resulted in many of our Watch Stocks falling back. For today U.S. stock futures are currently indicating a flat opening to today’s trading.
Today’s Additions: AGRA; AMCC; CYTK; MOSY; SWKS.
Watch Stocks: CGNX; FPDI; JCOM; CREE; WTSLA; ANDW; ARTX; CNXT; DRIV; HELX; MAMA; RETK;; SPIL.
Trend Reversal: SANM; WEBX; IVAC.
Failures: CMGI; IDEV; IWOV; OVTI; SONSE; SUNW.
Deletions:
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. Stock selected may therefore show considerable volatility.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order – please remember that amateurs trade the open while pros trade the close. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: OVTI; JCOM; FPDI.
MARKET REVIEW: Dollar continues to rally on Greenspan's optimism
======================================================
Dollar extended this week's gain on Wednesday after Greenspan expressed confidence on the U.S. economic growth in the final day of the two-day testimony on monetary policy to the Congress.
Greenspan suggested that the most recent weaker than expected economic numbers were only a 'blip' and the economic performance remained solid with a good increase in quality jobs. He also indicated that there was no need for the Fed to change its current tightening policy.
The euro and cable fell to 1.2211 and 1.8322 respectively while the greenback rallied to 110.32 and 1.2582 against Japanese yen and Swiss franc.
Thursday will see the release of the U.K. retail sales for June, trade balance data for Japan and Eurozone, U.S weekly jobless claims as well as leading indicators for June. As long as the U.S. data continues to show relative strength in the economy, the dollar should remain supported.
======================================================
Major Economic Indicators for Today (Jul 22, 2004)
======================================================
Time Country Indicator
0830 U.K. Retail Sales M/M Jun
0830 U.K. Retail Sales Y/Y Jun
0900 E-12 Trade Balance May
1230 U.S. Jobless Claims W/E
1400 U.S. Leading Indicators Jun
======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
Update Time : 00:50GMT
USD/YEN - 109.82
Dollar's yesterday's rally suggests corrective rise from 107.02 to retrace early fall from 114.90 has resumed, bring further gain towards 111.00 before prospect of a retreat.
Below 109.20/30 would bring weakness towards 108.10 support.
======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
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======================================================
======================================================
INTRA-DAY GBP/USD OUTLOOK - 1.8390
======================================================
Update Time : 2004/07/21 23:35GMT
As cable has fallen after meeting renewed selling at 1.8425/26, suggesting recovery fm 1.8322 has possibly ended n downside bias is seen for weakness to 1.8360/65 but below needed to signal recent decline has resumed n yield re-test of said sup later.
Trade fm short side, stop abv there, break wud risk stronger retrace. to 1.8455/65 b4 down..
Rate: 1.8390
Strategy: Hold short
Position: Short at 1.8405
Objective: 1.8365
Stop-Loss: 1.8427
Resistance: 1.8455/1.8493/1.8572
Support: 1.8322/1.8303/1.8269
======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information query@acetrader.com
======================================================
======================================================
DAILY OUTLOOK ON USD/CAD - 1.3235
======================================================
Update Time : 2004/07/22 00:08GMT
DAILY OUTLOOK ON USD/CAD - 1.3235
Usd's retreat after holding below 1.3274 suggests consolidation with downside bias is seem but 1.3173 (prev. res) wud hold n bring strg rebound..
Hold long for one more rise to 1.3300. Below 1.3173 wud defer n risk retracement to 1.3120/25...
Rate: 1.3235
Strategy: Long at 1.3215
Position: Long at 1.3215
Objective: 1.3300
Stop-Loss: 1.3170
Resistance: 1.3270/1.3303/1.3360
Support: 1.3173/1.3127/1.3082
======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information query@acetrader.com
======================================================
======================================================
SEP EURODOLLAR FUTURES DAILY OUTLOOK - 98.05
======================================================
Update Time : 2004/07/21 20:55GMT
Although 98.02/03 has contained weakness, as long as 98.06/07 holds, corrective decline fm 98.11 wud resume for weakness to 98.01 but 97.97 wud hold
Hold short, stop there, only abv 98.09/10 wud turn outlook bullish for 98.15...
Rate: 98.05
Strategy: Short at 98.07
Position: Short at 98.07
Objective: 98.02
Stop-Loss: 98.07
Resistance: 98.07/98.11/98.15
Support: 98.01/97.97/97.95
======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================
Update Time : 2004/07/20 23:27GMT
DAILY EUR/YEN CROSS OUTLOOK - 133.87
Although y'day's selloff indicates downside bias remains for a retracement of the intermediate rise fm 131.24, o/sold condition is likely to prevent steep fall n as long as 133.45 holds, a bounce to indicated obj. is envisaged later today..
Hold long with stop below there, break wud abort n extend weakness twd 132.95/00...
Rate: 133.87
Strategy: Hold long
Position: Long at 133.85
Objective: 134.70
Stop-Loss: 133.35
Resistance: 134.13/134.54/135.42
Support: 133.62/133.45/132.97
======================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF
(+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502
pips), GBP/USD (+ 247pips)
======================================================
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989
Our Top 50 Watch Stocks – July 21, 2004 – updated daily
Following the Shrewd Dude’s return from holiday on July 19 we decided to start building a fresh list of Watch Stocks. Please refer to the notes below and exercise additional care as we are now well into the reporting seasons – use the link below to find out when the companies are due to report.
US stock futures are currently indicating a positive opening to today’s trading.
Today’s Additions: CGNX; FPDI; JCOM (previously one of our strongest trend reversal stocks and now we believe poised for a secondary move to the mid $30s).
Watch Stocks: CREE; WTSLA; ANDW; ARTX; CNXT; DRIV; HELX; IVAC; MAMA; RETK; SANM; SPIL.
Trend Reversal: CMGI; IDEV; IWOV; WEBX; OVTI; SONSE (watching for a further extension from the NASDAQ); SUNW.
Failures:
Deletions:
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order - amateurs trade the open, pros trade the close. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: OVTI; JCOM; FPDI.
MARKET REVIEW: Dollar rises on upbeat remarks by Greenspan
======================================================
Dollar rose sharply across the board as Fed Chairman Alan Greenspan said to Congress that U.S. economic growth was solid and inflation was not a threat. The comments led to a surge in treasury-yields and that helped the greenback to gain ground. The general perception was that higher U.S. interest rates would tend to enhance the attractiveness of dollar-based assets for global investors. Earlier in the day, U.S. building permits and housing starts for June were reported at 1.92 million and 1.80 million respectively. Both numbers were below economists' expectations.
Euro and cable fell to 1.2302 and 1.8493 after Greenspan's comments. The greenback rose to 1.2470 and 108.83 against the Swiss franc and Japanese yen.
Wednesday will see the second phase of Greenspan's testimony to Congress. BOE will also release MPC minutes, which are likely to have some impact on cable.
======================================================
Major Economic Indicators for Today (Jul 21, 2004)
======================================================
Time Country Indicator
0830 U.K. BoE MPC minutes
1400 U.S. Greenspan's testimony
======================================================
TODAY'S FOREX MARKET OUTLOOK
======================================================
Last Update: Wed, 21 Jul 2004 1:00 GMT
USD/YEN - 108.46
As long as 108.10 holds, choppy consolidation is envisaged before the early decline from 110.05 resumes and below said support would bring marginal weakness but last month's low at 107.02 is expected to remain intact.
======================================================
Daily Technical Outlook
EUR/USD, GBP/USD, USD/CHF, USD/YEN
USD 80 per month only.
Contact us for further information query@acetrader.com
======================================================
======================================================
DAILY TECHNICAL OUTLOOK ON EUR/USD
======================================================
Last Update At : 2004/07/20 23:54
EUR/DLR..1.2327..Despite euro's initial gain to 1.2455 yesterday, failure to penetreate 1.2462 res n subsequent retreat suggest euro is not ready to resume recent upmove yet, therefore, we made a special update at 09:41GMT to exit early long position at break-even. Euro's intra-day decline gathered momentum once previous day's low at 1.2398 was penetrated n price fell to 1.2302 in late U.S. session.
Yesterday's selloff confirms recent upmove has formed a temp. top at 1.2462 n indicates a retrace. of intermediate rise fm 1.2066 is under way, however, as hourly oscillators are in very o/sold territory (13hr rsi is currently below 20), suggesting steep fall below 1.2302 sup is unlikely to be repeated today n reckon 1.2263/64 (previous chart sup n 50% r of 1.2066-1.2462)shud hold n yield rebound twds 1.2388/98 res, however, a daily close abv there is needed to confirm correction fm 1.2462 is over.
We are buying euro on dips in anticipation of a rebound but profit shud be taken as 1.2423 res is expected to cap upside today n yield choppy sideways trading...
======================================================
Premier Package
Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
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======================================================
======================================================
INTRA-DAY EUR/DLR OUTLOOK - 1.2315
======================================================
Update Time : 2004/07/21 04:26GMT
As euro has traded narrowly abv 1.2302, minor consolidation wud be seen until European opening , however, 1.2352 (prev. sup) wud cap upside n yield resumption of this week's fall fm 1.2462 for marginal weakness below 1.2300 but 1.2263 sup wud hold..
Sell recovery, stop as indicated. Only abv 1.2388 wud signal
correction has possibly ended...
Rate: 1.2315
Strategy: Sell at 1.2345 for st trade
Position:
Objective: 1.2305
Stop-Loss: 1.2375
Resistance: 1.2398/1.2462/1.2500
Support: 1.2300/1.2263/1.2210
======================================================
Standard Package
Daily/weekly recommendations, medium term outlook, daily
technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information query@acetrader.com
======================================================
======================================================
INTRA-DAY EUR/GBP CROSS OUTLOOK - 0.6657
======================================================
Update Time : 2004/07/20 23:32GMT
Euro's retreat fm 0.6686 indicates consolidation with downside bias wud be seen in Asia, bring further weakness to 0.6645/50, however, reckon sup at 0.6629 wud hold on 1st testing due to o/sold condition n yield sideways trading..
Trade fm short side, stop as indicated, only a break abv 0.6686
aborts nr term bearish scenario...
Rate: 0.6657
Strategy: Hold short
Position: Short at 0.6675
Objective: 0.6650
Stop-Loss: 0.6670
Resistance: 0.6686/0.6700/0.6733
Support: 0.6629/0.6600/0.6585
======================================================
Futures & Bullions
Daily/weekly recommendations, medium term outlook
Spot Gold, Spot Silver, UT T-Bond Future, EURODLR Future
USD 150/m Contact us for further information query@acetrader.com
======================================================
======================================================
SPOT GOLD DAILY OUTLOOK - 399.70
======================================================
Update Time : 2004/07/20 19:24GMT
As gold's decline has resumed after brief recovery, suggesting
corrective fall fm 408.60 wud extend further weakness to 396.00/50
b4 rebound.
Sell on recovery, stop as indicated, only abv 407.00 wud turn outlook
bullish...
Rate: 399.70
Strategy: Sell at 402.00
Position:
Objective: 398.00
Stop-Loss: 405.00
Resistance: 408.60/410.00/413.00
Support: 399.15/396.90/397.15
======================================================
YESTERDAY'S RECOMMENDED TRADE
======================================================
Update Time : 2004/07/19 23:30GMT
DAILY EUR/GBP CROSS OUTLOOK - 0.6660
Euro's rebound after making a marginal low at 0.6629 y'day indicates
a day of consolidation is in store but as long as res at 0.6686 holds,
downside bias remains for recent decline fm 0.6733 to extend
weakness to indicated obj..
Hold short with stop abv there, abv risks 0.6710/15 but res at 0.6733
shud hold...
Rate: 0.6660
Strategy: Hold short
Position: Short at 0.6655
Objective: 0.6600
Stop-Loss: 0.6687
Resistance: 0.6686/0.6733/0.6765
Support: 0.6629/0.6585/0.6545
======================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF (+
1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502
pips), GBP/USD (+ 247pips)
======================================================
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex
strategies
Reuters Index: TREN01 since 1989
Our Top 50 Watch Stocks – July 20, 2004 – updated daily
Following the Shrewd Dude’s return from holiday on July 19 we decided to start building a fresh list of Watch Stocks. Please refer to the notes below and exercise additional care as we are now well into the reporting seasons – use the link below to find out when the companies are due to report.
US stock futures are currently indicating a flat opening to today’s trading.
To obtain a free buy or sell signal on your favorite stock please use the Grail Indicator which can be accessed from our Home Page - http://www.shrewdinvesting.com
Today’s Additions: CMGI; CREE; IDEV (close to cash value and new product launch is imminent); IWOV; WEBX; WTSLA (a real falling knife so take care – down 11% yesterday and then a further 8% after hours as a major shareholder sells out).
Watch Stocks: ANDW; ARTX; CNXT; DRIV; HELX; IVAC; MAMA; RETK; SANM; SPIL.
Trend Reversal: OVTI; SONSE (up yesterday 8% and then a further 20% after hours); SUNW.
Failures:
Deletions:
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: OVTI.
MARKET REVIEW: Dollar recovers ahead of Greenspan's speech
=================================================
Dollar rose slightly against European currencies yesterday as investors took profits on short dollar positions ahead of Fed Chairman Alan Greenspan's semi-annual monetary testimony to Congress on Tuesday and Wednesday.
Euro and cable retreated to 1.2398 and 1.8665 after rising to 1.2462 and 1.8774 respectively, while the greenback rebounded against the Swiss franc on cross trading to 1.2315. However, dollar/yen fell to 108.10 due to active cross buying in yen.
On Tuesday, main focus will be on Greenspan's testimony and any hint of a shift from the current accommodative stance will be positive for the dollar. The Bank of Canada will announce its interest rate decision which is expected to be unchanged. Elsewhere, Germany will release the ZEW sentiment index for July while U.S. will release building permits and housing starts data for June.
========================================
Major Economic Indicators for Today (Jul 20, 2004)
========================================
Time Country Indicator
0900 Germany ZEW Index Jul
1230 U.S. Housing Starts Jun
1230 U.S. Building Permits Jun
1230 Canada Leading Indicators Jun
1330 Canada BoC interest rate decision
1830 U.S. Greenspan's testimony
===============================
TODAY'S FOREX MARKET OUTLOOK
===============================
Last Update: 01:00GMT
USD/YEN - 108.50
As 108.10 has contained early selloff, consolidation is envisaged today with mild upside bias but 109.35/40 would remain intact and yield retreat.
On the downside, only a break below support at 107.56 wud signal the major decline fm 114.90 has resumed.
===============================================================
Daily Technical Outlook on EUR/USD, GBP/USD, USD/CHF, USD/YEN -
USD 80 per month only. Contact us for further information query@acetrader.com
===============================================================
====================================
DAILY TECHNICAL OUTLOOK ON EUR/USD
====================================
Last Update At : 2004/07/19 23:22
EUR/USD..1.2435..Despite euro's initial firmness yesterday, lack of follow through buying after marginal rise to 1.2462 (just one tick abv Friday's high of 1.2461) caused price to retreat to 1.2398 in European session b4 rebounding later in the day.
Euro's rebound fm 1.2398 suggests correction fm 1.2462 as 'possibly' ended there n upside bias is seen for a resumption of recent upmove for further gain to dynamic res at 1.2483 (62% r of 1.2930-1.1760), however, as both 15 min. n hourly oscillators wud display bearish divergences on such move, strg rise abv there is unlikely n reckon 1.2549 (equality proj. of 1.1760-1.2355 fm 1.1954) wud cap upside today n bring retreat. Looking ahead, euro needs to penetrate daily chart res at 1.2713 to confirm MT uptrend has resumed n yield re-test of 1.2930 later in Q4.
We are holding our long entered at 1.2420 with a tight stop just below yesterday's low of 1.2398, as break wud risk stronger retrace. of recent upmove twds 1.2341 but renewed buying interest abv chart sup at 1.2300 shud emerge n bring rebound...
==============================================================================================
Premier Package - Intraday/daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 300/m, (Majors/Minors/Crosses) - USD 360/m
Contact us for further information query@acetrader.com
==============================================================================================
=================================
INTRA-DAY EUR/USD OUTLOOK - 1.2450
=================================
Update Time: 2004/07/20 06:56GMT
Renewed buying at 1.2423 has lifted price n present firmness suggests recent upmove has possibly resumed for re-test of 1.2462 res, abv wud extend gain twds dynamic res at 1.2483 later b4 prospect of another correction due to loss of momentum.
Hold long, stop now as indicated. Only below 1.2423 wud prolong sideways trading n risk 1.2398...
Rate: 1.2450
Strategy: Hold long
Position: Long at 1.2431
Objective: 1.2460
Stop-Loss: 1.2430
Resistance: 1.2462/1.2500/1.2549
Support: 1.2398/1.2377/1.2327
========================================================================================
Standard Package - Daily/weekly recommendations, medium term outlook, daily technical outlook, wave analysis
(Majors) - USD 150/m, (Majors/Minors/Crosses) - USD 240/m
Contact us for further information query@acetrader.com
========================================================================================
===================================
DAILY EUR/YEN CROSS OUTLOOK - 134.73
===================================
Update Time: 2004/07/19 23:22GMT
Euro's rebound fm 135.79 suggests the decline fm 135.79 has possibly formed a low n consolidation with upside bias is envisaged for further gain twd
135.52 res but a firm break abv there is needed to signal uptrend has resumed..
Buy dips with stop below said sup, break wud risk one more fall twd 133.50/60 b4 rebound...
Rate: 134.73
Strategy: Buy at 134.60
Position:
Objective: 135.40
Stop-Loss: 134.10
Resistance: 134.97/135.52/135.79
Support: 134.13/133.62/133.45
=========================================================
Futures & Bullions - Daily/weekly recommendations, medium term outlook
- USD 150/m
Contact us for further information query@acetrader.com
=========================================================
===============================
SPOT GOLD DAILY OUTLOOK - 406.00
===============================
Update Time: 2004/07/20 00:19GMT
Current price action suggests as long as 403.50/00 holds, recent uptrend shud resume after minor consolidation, abv 407.75 confirms n yields 410.
00. Hold long with stop as indicated, below risks 402.75/80 but sup at 400.70 wud remain intact..
Rate: 406.00
Strategy: Long at 403.50
Position: Long at 403.50
Objective: 407.75
Stop-Loss: 403.50
Resistance: 408.60/410.00/413.00
Support: 403.80/402.75/400.70
==================================
YESTERDAY'S RECOMMENDED TRADE:
==================================
Update Time: 2004/07/20 00:34GMT
DAILY EUR/USD OUTLOOK - 1.2423
Although euro has retreated after meeting res at 1.2462 n minor consolidation is in store, reckon downside wud be ltd to 1.2377 (prev. res) n yield
resumption of uptrend later this week for further gain to 1.2500 but 1.2550 wud hold..
Trade fm long side, stop below said sup, break wud signal correction is under way twds 1.2327...
POSITION : Long at 1.2420
STRATEGY : Hold long
PROFIT TARGET : 1.2500
STOP-LOSS : 1.2375
===========================================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF (+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502pips), GBP/USD (+ 247pips)
===========================================================================
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989
Our Top 50 Watch Stocks – July 19, 2004 – updated daily
Following the Shrewd Dude’s return from holiday we have decided to start building a fresh list of Watch Stocks. Please refer to the notes below and exercise additional care as we are now well into the reporting seasons – use the link below to find out what companies are due to report.
US stock futures are currently indicating a flat opening to today’s trading.
Today’s Additions: ANDW; ARTX; CNXT; DRIV; HELX; IVAC; MAMA; RETK; OVTI; SANM; SONSE(we see significant short term potential here plus of course risks ahead of today’s CC scheduled for 5.30pm); SPIL; SUNW
Watch Stocks:
Trend Reversal:
Failures:
Deletions:
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: OVTI.
MARKET REVIEW: Dollar ends week broadly lower as latest U.S. data shows moderate growth
===========================================================================
Dollar retreated broadly on Friday as the U.S. core CPI for June came in at the lower end of expectations at 0.1% and as the latest U.S. capital inflow data showed that net foreign investment into the U.S. fell by 26%.
These figures and the other economic data released earlier in the week indicated that growth in the U.S. economy was only moderate and concerns remained over the funding of the "twin deficits".
As a result, the dollar dived to a four-month low against the euro and a five-month low against the pound at 1.2461 and 1.8753 respectively. The greenback also fell to 1.2232 and 108.55 against Swiss franc and
Japanese yen.
Next week's focus will be on Fed Chairman Alan Greenspan's testimony to Congress on Tuesday and Wednesday. On the data front, Monday will see the release of German PPI for June and E-12 industrial
production for May, however, these data are not expected to have much impact on the euro. Japan's stock markets are also closed on Monday due to the Marine Day holiday.
========================================
Major Economic Indicators for Today (Jul 19, 2004)
========================================
Time (GMT) Country Indicator
0600 Germany PPI M/M Jun
0600 Germany PPI Y/Y Jun
0900 E-12 Industrial Prod. M/M May
0900 E-12 Industrial Prod. Y/Y May
===============================
TODAY'S FOREX MARKET OUTLOOK
===============================
Monday, July 19, 2004 3:47 GMT
USD/YEN - 108.60
Friday's selloff from 110.05 suggests a temporary top has been formed there and downside bias is seen for weakness to 108.10/20 and then towards 107.56 support, below would confirm the decline from 114.90 has
resumed.
Above 109.35/40 would defer this bearish scenario but said Friday's high should hold.
===============================================================
Daily Technical Outlook on EUR/USD, GBP/USD, USD/CHF, USD/YEN -
USD 80 per month only. Contact us for further information query@acetrader.com
===============================================================
====================================
DAILY TECHNICAL OUTLOOK ON USD/CHF
====================================
Last Update At : 2004/07/19 01:30
USD/CHF..1.2255..Although cross selling in chf pushed dlr to 1.2407 last week, subsequent sharp selloff on Friday to 1.2232 (accompanied by a bearish cross-over of the 21-hr n 55-hr emas) indicates the corrective
rise fm 1.2202 has ended n a re-test of this sup is envisaged, below there wud extend recent decline fm 1.3230 to 1.2140/44 (Jan '04 low n 61.8% proj. of 1.3230-1.2323 measured fm 1.2705) n eventually twd
psychological sup at 1.2000 b4 prospect of a strg rebound..
We are holding a weekly short position (entered at 1.2375) in anticipation of a re-test of 1.2205, however, reckon 1.2140 sup wud hold on 1st testing n a recovery is likely b4 prospect of another selloff this week. On
the upside, abv 1.2407 wud bring a retracement of the intermediate decline fm 1.2676 to 1.2435/40 (50% r) but 1.2495 (61.8% r) is expected to cap upside..
Today, as the early decline to 1.2232 pushed hourly oscillators into oversold territory, consolidation is envisaged initially b4 prospect of a fall to 1.2205 n then twd 1.2170 (50% proj. of 1.2676-1.2202 fm 1.2407)...
==============================================================================
EUR/USD, GBP/USD, USD/CHF, USD/YEN Intraday recommendations - USD 300 per month only.
Contact us for further information query@acetrader.com
==============================================================================
===========================
INTRA-DAY USD/YEN OUTLOOK
===========================
Monday, July 19, 2004 3:47 GMT
Although dollar's decline from 110.05 has resumed and marginal weakness to 108.30/35 is likely, near term loss of momentum suggests previous chart support at 108.18 is likely to hold from here and yield rebound
towards Asian high at 108.87 but 109.05/10 would cap upside.
Venture long on dips, stop below 108.18, break would extend towards 108.00 before prospect of rebound.
Rate: 108.55
Strategy / Entry Level: Buy at 108.35
Position:
Objective: 108.70
Stop-Loss: 108.10
Range Forecast: 108.55 / 108.85
Resistance: 108.87/109.38/110.05
Support: 108.39/108.18/107.56
============================================================================
EUR/USD, GBP/USD, USD/CHF, USD/YEN Daily recommendations - USD 150 per month only.
Contact us for further information query@acetrader.com
============================================================================
==================================
YESTERDAY'S RECOMMENDED TRADE:
==================================
2004/07/19 00:12GMT
DAILY GBP/USD OUTLOOK - 1.8626
As cable has staged a strg rebound after holding abv sup at 1.8475, suggesting correction fm 1.8664 has ended and above 1.8625 would confirm recent upmove has resumed, bring re-test of 1.8664, then toward 1
...............................................................................................................................................................................................................................8705/10 but 1.8750/55 would hold today.
Buy dips for 1.8660 or on break of 1.8625 for 1.8700. Below 1.8530/35 risks 1.8475/77 again.
POSITION : Long at 1.8626
STRATEGY : Hold long
PROFIT TARGET : 1.8700
STOP-LOSS : 1.8581
===========================================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF (+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502pips), GBP/USD (+ 247pips)
===========================================================================
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989
MARKET REVIEW: Dollar rises on fairly strong U.S. economic data
=================================================================
Dollar rose across the board on Thursday as the latest batch of U.S. economic data indicated that the recovery path remains intact. Although industrial production for June was lower than the expectation of -0.3%, other data pointed to opposite direction. The New York Fed manufacturing index and Philadelphia Fed index for July rose to 36.5 and 36.1 respectively, exceeding the economists' predictions of 28.5 and 25.0. Also, the core U.S. PPI for June rose by 0.2% m/m, in line with expectations. On balance, the data showed that the Fed was still on the tightening curve and gave support to the U.S. unit.
Euro and cable fell to 1.2327 and 1.8475 respectively while the greenback rose to 109.99 and 1.2407 against the Japanese yen and Swiss franc.
Friday will see the release of consumer inflationary numbers for the Eurozone, Canada and U.S. for the month of June. Investors are likely to use these data to gauge the timing of the central banks' next move. In addition, U.S. will also release the Michigan sentiment index for July which is expected to be higher than the previous release.
========================================
Major Economic Indicators for Today (Jul 16, 2004)
========================================
Time Country Indicator
0900 E-12 HICP Final M/M Jun
0900 E-12 HICP Final Y/Y Jun
1100 Canada CPI M/M Jun
1100 Canada CPI Y/Y Jun
1230 U.S. CPI M/M Jun
1230 U.S. CPI ex.food/energy M/M Jun
1345 U.S. U. of Michigan Prel. Jul
===============================
TODAY'S FOREX MARKET OUTLOOK
===============================
Friday, July 16, 2004 3:57 GMT
USD/YEN - 109.77
As dollar has penetrated 109.75 resistance, suggesting a retracement of recent decline from 114.90 is under way and further gain to 110.20/30 is seen before prospect of a retreat.
Below yesterday's low at 108.99 would signal temporary top is possibly in place and bring pullback to 108.50/60.
=========================================================================
Daily Technical Outlook on EUR/USD, GBP/USD, USD/CHF, USD/YEN -
USD 80 per month only. Contact us for further information query@acetrader.com
=========================================================================
====================================
DAILY TECHNICAL OUTLOOK ON GBP/USD
====================================
GBP/USD..1.8505..We were able to buy cable on y'day's initial weakness in anticipation of a rebound, however, failure to test 1.8585 res n renewed selling at 1.8572 in European session caused price to retreat,
suggesting nr term downside bias remains for this week's fall fm 1.8664 to retrace the intermediate rise fm 1.8269 to extend marginal weakness twds 1.8467, being confluence of chart sup n 50% r.
In view of this downside risk, we have exited our long position this morning n wud look to buy again on dips for prospect of another bounce, however, cable needs to penetrate 1.8625 res to confirm correction fm 1.
8664 has ended n yield resumption of recent upmove next week for further gain to 1.8719, being 62% proj. of 1.8269-1.8664 measured fm 1.8475 (adjust this level once a marginal low is made), however, reckon
daily chart res at 1.8750 is likely to hold initially n yield another correction.
On the downside, only below 1.8415/20 wud signal a strg retrace. of last month's rise fm 1.8012 has commenced n risk further losses to 1.8338 (50% r of 1.8012-1.8664...
=========================================================================
EUR/USD, GBP/USD, USD/CHF, USD/YEN Intraday recommendations - USD 300 per month only.
Contact us for further information query@acetrader.com
=========================================================================
===========================
INTRA-DAY USD/YEN OUTLOOK
===========================
Friday, July 16, 2004 3:57 GMT
Although dollar has eased after overnight rally to 109.99 and initial consolidation is envisaged, as long as 109.61/64 holds, intra-day upside bias remains for recent upmove to extend marginal gain but overbought
condition is likely to cap price at 110.25 in Asia.
Hold long, stop at 109.60, break would confirm a temporary top is made and risk retracement to 109.35/40 before up.
Rate: 109.82
Strategy / Entry Level: Hold long
Position: Long at 109.70
Objective: 110.05
Stop-Loss: 109.60
Range Forecast: 109.70 / 109.99
Resistance: 110.03/110.25/110.65
Support: 109.64/108.99/108.61
=========================================================================
EUR/USD, GBP/USD, USD/CHF, USD/YEN Daily recommendations - USD 150 per month only.
Contact us for further information query@acetrader.com
=========================================================================
==================================
YESTERDAY'S RECOMMENDED TRADE:
==================================
2004/07/16 02:04GMT
DAILY DLR/YEN OUTLOOK - 109.48
As dollar has risen after finding renewed buying interest at 108.99, suggesting upside bias remains for a re-test of key resistance at 109.75 and above would signal the erratic rise from 107.02 to retrace recent fall from
114.90 has resumed and yield 110.25.
Trade from long side, stop now as indicated, only below 108.61 support would confirm top is made, 108.18.
POSITION : Long at 109.00
STRATEGY : Hold long
PROFIT TARGET : 109.70
STOP-LOSS : 109.15
==================================================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF (+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502pips), GBP/USD (+ 247pips)
==================================================================================
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989
MARKET REVIEW: Dollar weakens slightly on worse than expected U.S. retail sales
=================================================================
Dollar was under mild pressure on Wednesday despite a car bomb attack in Iraq and worse than expected U.S. June retail sales. U.S. consumer spending fell by 1.1% and 0.2% (ex-auto) against economists'
consensus forecast of -0.6% and +0.2% respectively. The weak data, along with geopolitical risk ahead of the U.S. presidential election is likely to keep the Fed on a path of restrained interest rate hikes.
Euro rose to 1.2422 while dlr/chf dipped to 1.2356. However, cable rose briefly to 1.8624 after the weaker than expected U.S. data but retreated to 1.8530 on renewed uncertainty of U.K. political landscape due to
the Butler independent report on the war against Iraq. Dlr/yen was a touch firmer due to cross selling against European currencies and reached an intra-day high of 109.48 before ending the day at 109.15.
Thursday will see a fresh batch of U.S. economic leading indicators, including U.S. jobless claims, producer prices, industrial production and capacity utilization for June, as well as the Philadelphia Fed index for July
and business inventories for May.
=========================================================================
EUR/USD, GBP/USD, USD/CHF, USD/YEN Daily recommendations - USD 150 per month only.
Contact us for further information query@acetrader.com
=========================================================================
========================================
Major Economic Indicators for Today (Jul 15, 2004)
========================================
Time Country Indicator
1230 U.S. Jobless Claims W/E
1230 U.S. PPI M/M Jun
1230 U.S. PPI-X M/M Jun
1230 U.S. Business Inventories May
1230 U.S. NY Fed Mfg. Jul
1315 U.S. Industrial Production Jun
1315 U.S. Capacity Utilisation Jun
1315 U.S. Philadelphia Fed Index Jul
===============================
TODAY'S FOREX MARKET OUTLOOK
===============================
Thursday, July 15, 2004 3:16 GMT
USD/YEN - 109.27
Dollar's rebound from 108.61 suggests upside bias is seen for this week's rise from 107.56 is likely to extend gain towards 109.75 res but loss of momentum would cap upside at 110.25.
Below said support would defer our bullish prospect and bring weakness to 108.18 but support at 107.56 would hold.
====================================
DAILY TECHNICAL OUTLOOK ON USD/CHF
====================================
Last Update At : 2004/07/15 02:05
USD/CHF..1.2345..Yesterday's breach of 1.2280 sup suggests the correction fm 1.2202 has ended earlier at 1.2392 n although dlr's recovery fm 1.2256 in late U.S. trading suggests consolidation with initial upside
bias wud be seen, outlook remains bearish for the MT downtrend fm 1.3230 to resume later today or tomorrow..
Therefore we will look to sell dlr on intra-day recovery as res at 1.2392 is expected to cap upside n yield decline, below said y'day's low wud bring re-test of 1.2202 n then one more fall twd 1.2140/44 (being chart sup
as well as 61.8% proj. of 1.3230-1.2323 measured fm 1.2705) b4 prospect of a rebound due to loss of momentum..
In the event dlr is able to hold abv y'day's low at 1.2256 n penetrates 1.2392 firmly, this wud indicate a strg retracement of the intermediate decline fm 1.2676 is under way, bring further subsequent gain to 1.2440/50,
however, dynamic res at 1.2295 (61.8% r) is expected to cap upside n yield another selloff next week...
=========================================================================
Daily Technical Outlook on EUR/USD, GBP/USD, USD/CHF, USD/YEN -
USD 80 per month only. Contact us for further information query@acetrader.com
=========================================================================
============================
INTRA-DAY USD/YEN OUTLOOK
============================
Thursday, July 15, 2004 3:16 GMT
Dollar's early rebound from 108.61 has continued to support price and upside bias is seen for this week's rise from 107.56 to resume and extend gain towards 109.53, above would encourage for a test of chart
resistance at 109.75 but loss of momentum would cap price at 110.00/03.
Buy pullback with stop as indicated. Below 108.89 would risk re-test of 108.61 support.
Rate: 109.37
Strategy / Entry Level: Buy at 109.20
Position:
Objective: 109.50
Stop-Loss: 108.95
Range Forecast: 109.20 / 109.48
Resistance: 109.53/109.75/110.25
Support: 108.61/108.39/108.18
=========================================================================
EUR/USD, GBP/USD, USD/CHF, USD/YEN Intraday recommendations - USD 300 per month only.
Contact us for further information query@acetrader.com
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==================================
YESTERDAY'S RECOMMENDED TRADE:
==================================
2004/07/14 00:08GMT
DAILY DLR/YEN OUTLOOK - 109.30
Despite present anticipated rebound from 108.18, as dollar is expected to gyrate within recent established broad range, key resistance at 109.75 should cap upside and yield retreat possibly tomorrow.
Turn short on further rise, stop above said resistance for 108.50 but 108.18 would remain intact. Above 109.75 signals upmove from 107.02 has resumed, 110.20/25.
POSITION : Short at 109.30
STRATEGY : Hold short
PROFIT TARGET : 108.50
STOP-LOSS : 109.78
==================================================================================
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF (+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502pips), GBP/USD (+ 247pips)
==================================================================================
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989
Our Top 50 Watch Stocks – July 6, 2004 – updated daily
Please note that the Shrewd Dude is taking a short holiday and that our next Top 50 Watch Stocks list will be posted on July 19.
US stock futures are currently indicating a lower opening to today’s trading.
Today’s Additions: ESST.
Watch Stocks: AMKR; CDIC; INFA; IPAS; QMCI; EGHT; EMA; IMOS; IONA; TRCA.
Trend Reversal: NTGR; STAK; TRID; CGFW; CLST; CLZR; CALD; DHC; ITIG.
Failures: YAKC; PKSI; UMC; TUTS; SIMG; AQNT; IDEV; HOTT; SONSE; CCUR; BE; STG; ANCC; CPTC; INVX; SKIL; FFIV; RETK; JCOM; FPDI; IPI; NHLC; TNXT; IFUL; BCSI; IMPC; ATAR; NOVL; CALM; HBIO (big drop towards close on high volume).
Deletions: MED.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; OVTI; JCOM.
Yen fell on election jitters whilst dollar steady on Independence day holiday
The Japanese unit was the only mover on Monday partly due to selloff in Nikkei as investors getting nervous ahead of Japanese parliamentary elections. The dollar recovered slightly after falling to one-month low against the euro following soft U.S. jobs data on Friday. With a market holiday in the United States on Monday, trading activity was low.
In Japan, jitters grew ahead of next Sunday's Upper House election, according to some media polls, public support for current Prime Minister Koizumi has dropped to record lows, a poor showing by the ruling Liberal Democratic Party could affect the government's reform policies.
On the data front, a survey showed the euro zone's service sector grew at a slightly lower pace in June. The area's business activity index slipped to a lower than expected 55.3 in June compared with 55.8 in May.
--------------------------------------------------------------------------------
AceTrader Performance in 1H04
Intraday: USD/YEN (+67pips), EUR/USD (+2041pips), USD/CHF (+1892pips), GBP/USD (+2189pips)
Daily: USD/YEN (+0pips), EUR/USD (+944pips), USD/CHF (+502pips), GBP/USD (+ 247pips)
--------------------------------------------------------------------------------
Major Indicators for Today (July 6, 04)
Time Country Indicator
0500 Japan Leading indicators May
0750 Germany Unemployment change S/A Jun
0830 U.K. Mfg production M/M May
0830 U.K. Mfg production Y/Y May
0830 U.K. Ind. production M/M May
0830 U.K. Ind. production Y/Y May
0900 E12 Retail sales M/M May
0900 E12 Retail sales Y/Y May
1400 U.S. ISM non-manufacturing Jun
--------------------------------------------------------------------------------
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USD 300/month for any 4 pairs
USD 360/month for all pairs
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--------------------------------------------------------------------------------
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989
Our Top 50 Watch Stocks – July 2, 2004 – updated daily
Yesterday was a difficult day for many of our Watch Stocks and thus why many are now classified as failures. Hopefully today will be better and we will see some bounce back.
US stock futures are currently indicating a flat start to today’s trading.
Today’s Additions: NTGR; AMKR; CDIC; INFA; IPAS; QMCI.
Watch Stocks: EGHT; EMA; IMOS; IONA; TRCA.
Trend Reversal: STAK; TRID; CGFW; YAKC; CLST; PKSI; UMC; CLZR; CALD; TUTS; DHC; SIMG; ITIG.
Failures: AQNT; IDEV; HOTT; SONSE; CCUR; BE; STG; ANCC; CPTC; INVX; MED; SKIL; FFIV; RETK; JCOM; FPDI; IPI; NHLC; TNXT; IFUL; BCSI; IMPC; ATAR; NOVL; CALM; HBIO (big drop towards close on high volume).
Deletions: IDUL(this could be a scam but that doesn’t mean money can’t be made should it bounce back); SBSA; OVTI; TERN; DCEL; DRXR;.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; IFUL; OVTI; JCOM.
Dollar steady despite strong U.S. data
The greenback traded in narrow ranges against European currencies on Thursday despite releases of solid economic data. The ISM manufacturing index fell to 61.1 in June from 62.8 in May, matching economists' median forecast. Construction spending grew 0.3 percent in May, below expectations for growth of 0.7 percent. U.S. jobless claims rose to 351,000 in the week to June 26 from a revised 350,000 the previous week, slightly bigger than markets forecast of 344,000.
Thin trading is expected as markets await Friday's release of June's U.S. non-farm payrolls, which are expected to show a rise of 250,000 new jobs.
Earlier, the European Central Bank kept interest rates unchanged at 2.0 percent, in line with market expectations, as risks to price stability seem limited and prospect of economic recovery of the 12 nations in euro zone remains unclear.
Against the yen, the dollar dropped after the headline figure in the Bank of Japan's quarterly "tankan" survey jumped to 22 from 12 in March to its highest mark since August 1991, exceeding market expectations for a reading of 17.
--------------------------------------------------------------------------------
EUR/USD, GBP/USD, USD/CHF, USD/YEN intraday/daily/weekly recommendations, medium term outlook, daily technical outlook and wave analysis - USD 300 per month only. Contact us for further details.
--------------------------------------------------------------------------------
Major Economic Data for Today (Jul 2, 04)
Time Country Indicator
0900 E-12 PPI (M/M) May
0900 E-12 PPI (Y/Y) May
1230 U.S. Non-Farm Payrolls Jun
1230 U.S. Unemployment Jun
1400 U.S. Factory Orders May
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989
The greenback drops on weak U.S. data n expected Fed rate hike
The dollar extended weakness against the single currency and sterling on Wednesday after release of weaker than expected Chicago PMI index. Although the U.S. Federal Reserve raised interest rate by 0.25 percent, this anticipated action caused further long liquation on the buck. In its post-meeting statement, the FOMC reiterated will follow a measured pace on interest rate increases in order to curb inflation.
The June Chicago PMI index released by the National Association of Purchasing Managers fell to 56.4 from 68.0 in May, well below markets expectation of a reading of 65.0 which put extra pressure on the already weakened dollar.
Markets would turn focus on the release of Institute for Supply Management's manufacturing index on Thursday and June's non-farm payrolls report on Friday for further clue on U.S. economy.
--------------------------------------------------------------------------------
EUR/USD Recommendations Performance (Intraday): + 471pts (MTD), +2021pts (YTD)
EUR/USD Recommendations Performance (Daily): + 197pts (MTD), +940pts(YTD)
Premier Package with Intraday and Daily recommendaitons of EUR/USD, GBP/USD, USD/YEN, USD/CHF at USD 300 only.
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Time Country Indicator
2350 Japan Tankan (Big Manuf.) Jun
0600 Germany Retail Sales (M/M) May
0600 Germany Retail Sales (Y/Y) May
0755 Germany Reuters mfg PMI Jun
0800 E-12 Reuters mfg PMI Jun
0830 U.K. Reuters mfg PMI Jun
0900 E-12 Unemployment (Y/Y) May
1145 E-12 ECB Rate Decision
1230 U.S. Jobless Claims W/E
1400 U.S. ISM Maunfacturing Jun
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989
Our Top 50 Watch Stocks – July 1, 2004 – updated daily
Since we started presenting “Our Top 50 Watch Stocks” (please read Notes below) we have noticed some interesting patterns begin to develop that provide opportunities for everyone to make money. Some of our “Today’s Additions” for example have seen some quite substantial gains (SONSE up 16% yesterday) while others can remain on our list of “Watch Stock” for days before making a substantial gain like CGFW did yesterday, closing up almost 18%. Many of our “Trend Reversals”, particularly those towards the end of the list (may suit a more cautious investor), have made quite substantial gains on a regular basis since they were first listed while “Failures” are either deleted fairly quickly or fluctuate between being a Trend Reversal and a Failure providing even more opportunities for day traders.
US stock futures are currently indicating a flat start to today’s trading.
Today’s Additions: EGHT; EMA; IMOS; STAK
<bWatch Stocks: IONA; IDUL; TRCA.
Trend Reversal: AQNT; SONSE; CCUR; TRID; CGFW; YAKC; CLST; BE; STG; ANCC; PKSI; UMC; CLZR; CALD; TUTS; CPTC; DHC; INVX; SIMG; MED; SKIL; FFIV; RETK; ITIG; JCOM.
Failures: FPDI; IPI; NHLC; TNXT; IFUL; DCEL; DRXR; BCSI; IMPC; ATAR; IDEV; HOTT; SBSA; OVTI; NOVL; CALM; TERN; HBIO (big drop towards close on high volume).
Deletions:FIX; MERX; LEXR; TGAL.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; IFUL; OVTI; JCOM.
Our Top 50 Watch Stocks – June 30, 2004 – updated daily
US stock futures are currently indicating a modest but positive start to today’s trading.
Today’s Additions: AQNT; SONSE; IONA.
Watch Stocks: IDUL; TRCA; CCUR; TRID; CGFW.
Trend Reversal STG; ANCC; PKSI; FPDI; UMC; CLZR; CALD; TUTS; IPI; NHLC; CPTC; TNXT; IFUL; DHC; INVX; SIMG; MED; SKIL; FFIV; RETK; DCEL; ITIG; JCOM.
Failures FIX; DRXR; BCSI; MERX; IMPC; ATAR; IDEV; YAKC; HOTT; SBSA; OVTI; NOVL; CALM; CLST; BE; LEXR; TGAL; TERN; HBIO (big drop towards close on high volume).
Deletions MCDTA; HEC.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; IFUL; OVTI; JCOM.
Our Top 50 Watch Stocks – June 29, 2004 – updated daily
House cleaning by fund managers as we approach the end of the quarter coupled with the annual rebalancing of the Russell Index are likely to continue to disrupt trading patters over the coming days.
US stock futures are once again indicating a positive start to today’s trading.
Today’s Additions IDUL (only recently deleted from our Watch List but high volume and trading below cash value makes it look interesting again) STG; TRID.
Watch Stocks: TRCA; CCUR; TRID; CGFW; ANCC.
Trend Reversal FIX; PKSI; CLZR; CALD; TUTS; IPI; NHLC; CPTC; TNXT; IFUL; DHC; INVX; SIMG; MED; SKIL; DRXR; FFIV; RETK; BCSI; MERX; DCEL; IMPC; ITIG; JCOM.
Failures ATAR; IDEV; YAKC; HOTT; SBSA; OVTI; MCDTA; UMC; FPDI; HEC; NOVL; CALM; CLST; BE; LEXR; TGAL; TERN; HBIO (big drop towards close on high volume).
Deletions NMGC; MANT; A LOT.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; IFUL; OVTI.
Our Top 50 Watch Stocks – June 28, 2004 – updated daily
Friday was another great day for many of our Watch Stocks, including once again our new additions, with three (out of the four) up 5%, 10% and 19%. It was also very pleasing to see TUTS, which was the stock that was up 19%, put on most of its gain over the final 90 minutes thus providing time for anyone who wanted to, to get on board.
US stock futures are currently indicating a positive start to today’s trading.
Today’s Additions FIX; TRCA; PKSI; CCUR.
Watch Stocks: TRID; CGFW; ANCC.
Trend Reversal ATAR; CALD; TUTS; IPI; NHLC; IDEV; CPTC; YAKC; HOTT; TNXT; IFUL; DHC; SBSA; INVX; SIMG; MED; SKIL; DRXR; OVTI; FFIV; MCDTA; LEXR; RETK; UMC; FPDI; HEC; NOVL; BCSI; MERX; DCEL; CALM; IMPC; CLST; BE; ITIG; JCOM.
Failures TGAL; TERN; NMGC; MANT; A LOT; HBIO; CLZR.
Deletions WLSA; ELX; ACUP; IDUL.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; IFUL; OVTI.
Our Top 50 Watch Stocks – June 25, 2004 – updated daily
A problem that we like having - CPTC, one of yesterday’s two additions, went up by 16% to reach our short term target price - difficult therefore to decide whether it was a one day wonder or a trend reversal. Don’t know if you noticed that a number of our Watch Stocks had another great day and that JCOM now appears to be breaking upwards towards a more realistic valuation. OVTI gapped up at open as we expected although surprisingly lost some of its earlier gains to close up c7% - this stock in our opinion remains significantly undervalued.
MANU, deleted from our Watch list on June 23, reported after close a first-quarter loss of $7.7 million, or 9 cents a share, on revenue of $51.6 million, which was within the lowered forecast range that the Company provided on June 1.
US stock futures are currently indicating a positive start to today’s trading.
Today’s Additions ATAR; CALD; TRID; TUTS.
Watch Stocks: CGFW; ANCC; IPI.
Trend Reversal CPTC; YAKC; HOTT; TNXT; IFUL; DHC; SBSA; INVX; SIMG; MED; SKIL; DRXR; OVTI; FFIV; MCDTA; LEXR; RETK; UMC; FPDI; TGAL; TERN; NMGC; HEC; NOVL; BCSI; MERX; DCEL; MANT; CALM; IMPC; CLST; ALOT; BE; ITIG; JCOM.
Failures WLSA; ELX; ACUP; IDUL; NHLC; HBIO; IDEV; CLZR.
Deletions SSNC.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; IFUL; OVTI.
Our Top 50 Watch Stocks – June 24, 2004 – updated daily
Yesterday was another excellent day for many of our Watch Stocks, particularly OVTI, which we also expect should gap up this morning. If you have not been following CALM we suggest that you do so as forced buying over the coming week in connection with the company’s entry to the Russell 2000 could trigger a short squeeze.
US stock futures are currently indicating a flat start to today’s trading as traders wait on tomorrow’s all important employment data.
Today’s Additions CGFW; CPTC.
Watch Stocks: YAKC; ANCC; IPI; UMC; HOTT.
Trend Reversal SBSA; INVX; SIMG; WLSA; MED; SKIL; DRXR; OVTI; FFIV; MCDTA; ELX; LEXR; RETK; UMC; FPDI; TGAL; ACUP; TERN; NMGC; HEC; NOVL; BCSI; MERX; DCEL; MANT; CALM; IMPC; CLST; ALOT; BE; ITIG; JCOM.
Failures IDUL; NHLC; TNXT; IFUL; DHC; HBIO; IDEV; CLZR; SSNC.
Deletions CMLS; APAC.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; IFUL; OVTI.
Our Top 50 Watch Stocks – June 23, 2004 – updated daily
US stock futures are currently indicating a flat opening to today’s trading.
Today’s Additions SBSE; YAKC; INVX.
Watch Stocks: SIMG; WLSA; MED; ANCC; IPI; HOTT; SKIL; DRXR.
Trend Reversal OVTI; FFIV; IDUL; MCDTA; ELX; LEXR; RETK; UMC; FPDI; TGAL; NHLC; ACUP; TERN; NMGC; HEC; TNXT; NOVL; BCSI; MERX; DCEL; MANT; CALM; IMPC; CLST; ALOT; BE; ITIG; JCOM.
Failures IFUL; CMLS; DHC; HBIO; IDEV; OMNI; EZPW; RHAT; APAC; CLZR; SSNC.
Deletions IASG; MANU.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; IFUL; OVTI
Our Top 50 Watch Stocks – June 22, 2004 – updated daily
US stock futures are currently indicating a positive start to today’s trading.
Today’s Additions SIMG; OVTI.
Watch Stocks: WLSA; FFIV; MED; IDUL; MCDTA; ELX; LEXR; RETK; ANCC; IPI; UMC; OVTI; HOTT; SKIL; DRXR.
Trend Reversal ACUP; IFUL; TERN; NMGC; HEC; CMLS; TNXT; DHC; NOVL; BCSI; MERX; DCEL; HBIO; MANT; CALM; IMPC; CLST; ALOT; BE; ITIG; JCOM.
Failures FPDI; IDEV; OMNI; IASG; EZPW; RHAT; APAC; TGAL; CLZR; MANU; SSNC; NHLC.
Deletions SFNT; PROX.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; IFUL;
Our Top 50 Watch Stocks – June 21, 2004 – updated daily
US stock futures are currently indicating a positive opening to today’s trading.
Today’s Additions WLSA; FFIV; MED; IDUL; MCDTA.
Watch Stocks: ELX; LEXR; RETK; ANCC; ACUP; IPI; RETK; UMC; OVTI; IFUL; HOTT; SKIL; DRXR; TERN;.
Trend Reversal NMGC; HEC; CMLS;TNXT; DHC; FPDI; NOVL; BCSI; MERX;; DCEL; IDEV; HBIO; MANT; OMNI; CALM; IMPC; CLST; ALOT; IASG; BE; ITIG; EZPW; JCOM.
Failures RHAT; PROX; APAC; TGAL; CLZR; MANU; SSNC; SFNT.
Deletions AGRB; PRSF; ADIC; IONA; NHLC.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; IFUL.
Our Top 50 Watch Stocks – June 18, 2004 – updated daily
Yesterday was a great day for many of Watch Stocks with TNXT up 18%, SPRT up 27% (to be deleted today) and SWTX up 28% (deleted yesterday).
Stocks are deleted for a variety of reasons to make way for new additions and their deletion does not mean that we feel they lack further potential.
US stock futures are currently indicating a lower opening to today’s trading.
Today’s Additions ELX; LEXR; RETK; AGRB; NMGC; ANCC; ACUP
Watch Stocks: HEC; IPI; RETK; UMC; OVTI; IFUL; CMLS; HOTT; SKIL; DRXR; TERN;.
Trend Reversal TNXT; DHC; RHAT; PROX; FPDI; NOVL; BCSI; MERX;; DCEL; IDEV; APAC; HBIO; MANT; TGAL; OMNI; CALM; IMPC; CLST; ALOT; IASG; CLZR; BE; ITIG; EZPW; JCOM.
Failures MANU; PRSF; SSNC; ADIC; IONA; SFNT; NHLC.
Deletions SPRT; MBAY; AAC; NIHK; WIZD; BEAS.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that for a variety of reasons are being removed from our Top 50. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; IFUL; JCOM
Our Top 50 Watch Stocks – June 17, 2004 – updated daily
US stock futures are currently indicating a mixed opening to today’s trading.
Today’s Additions HEC; IPI.
Watch Stocks: TNXT; RETK; UMC; SPRT: DHC; OVTI; IFUL; CMLS; HOTT; SKIL; DRXR; TERN;.
Trend Reversal RHAT; PROX; MANU; FPDI; NOVL; BCSI; PRSF; SSNC; MERX;; DCEL; IDEV; APAC; HBIO; MANT; TGAL; OMNI; CALM; IMPC; CLST; ALOT; IASG; CLZR; BE; ITIG; EZPW; JCOM.
Failures MBAY; AAC; ADIC; IONA; SFNT; BEAS; TMTA; SWTX; WIZD; NIHK; NHLC.
Deletions TMTA; SWTX.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that for a variety of reasons are being removed from our Top 50. Please remember that the purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; IFUL
Our Top 50 Watch Stocks – June 16, 2004 – updated daily
US stock futures are currently indicating a modest but positive opening to today’s trading.
Today’s Additions RHAT; PROX.
Watch Stocks: TNXT; RETK; UMC; SPRT: DHC; OVTI; IFUL; CMLS; HOTT; SKIL; DRXR(earnings report was poor); TERN; MANU; FPDI.
Trend Reversal NOVL; BCSI; PRSF; SSNC; MERX;; DCEL; IDEV; MBAY; APAC; HBIO; MANT; IMPC; CLST; ALOT; IASG; CLZR; BE; ITIG; EZPW; JCOM.
Failures AAC; TGAL; OMNI; ADIC; IONA; SFNT; BEAS; TMTA; SWTX; CALM; WIZD; NIHK; NHLC.
Deletions SCON; ASTSF; AKLM.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could now be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that for a variety of reasons are being removed from our Top 50. Please remember that the prime purpose of our Watch List is to provide a manageable selection of stocks that we believe are likely to have a sustained trend reversal within a short period of time. When that trend reversal is well under way or if the stock is not performing as we had hoped it will be deleted.
IMPORTANT: Until any downward trend has been reversed buying highlighted stocks will carry additional risks. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; CALM; SPRT
Our Top 50 Watch Stocks – June 15, 2004 – updated daily
US stock futures are currently indicating a modest but positive opening to today’s trading.
Today’s Additions TNXT (investors update after markets close); RETK; UMC; SPRT.
Watch Stocks : DHC; OVTI; PRSF; SSNC; IFUL; CMLS; MMSI; SKIL; MERX; DRXR (Q results due June 14); TERN; DCEL (AGM on 6/15 and may fall more in the meantime); MANU; ALOT; FPDI; IDEV.
Trend Reversal MBAY; APAC; AAC; HBIO; MANT; IMPC;; CLST; ALOT; IASG; TGAL; CLZR; BE; ITIG; EZPW; JCOM.
Failures OMNI; ADIC; IONA; SCON; SFNT; BEAS: ASTSF; TMTA; NOVL; BCSI; SWTX; CALM (still waiting on the short squeeze); WIZD; NIHK; NHLC.
Deletions ABV; VSTA; AKLM; TMTA; AAIIE; ALS.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous Watch Stocks that we believe still have significant potential and could now be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed to keep numbers at a manageable level.
IMPORTANT: Do not consider buying stocks in either of our categories until any downward trend has been reversed.
Please remember that while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; IFUL; CALM
Dollar weakened on wider than expected trade deficit
Dollar weakened against the European currencies after report showed that April U.S. trade deficit surged to historical high. The deficit expanded to 48.3 billion, beating economist's forecasts of 45.0 billion. The market took little notice on the news that U.S. retail sales rose by 1.2% in May, slighly higher than market expectation of 1.0% growth. Euro and cable rallied to 1.2087 and 1.2182 respectively before retreat in late U.S. session.
On the other hand, the greenback rose to 111.48 on active cross buying as investors speculated that the BOJ would confirm its ultra-easy monetary stance after its meeting on Tuesday.
Focus will be on Tuesday's release of U.S. Treasury Department's asset flows data, the May Michigan consumer confidence and U.S. CPI. A strong inflationary number would spark renewed speculation that the Fed is likely to raise interest rates by 0.5% at the end of this month.
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Major Economic Indicators Today
Time Country Indicator
0830 U.K. CPI Y/Y May
0830 U.K. RPI-X M/M May
0830 U.K. RPI-X Y/Y May
1230 U.S. Empire state mfg Jun
1230 U.S. CPI M/M May
1230 U.S. CPI Y/Y May
1230 U.S. CPI-X M/M May
1230 U.S. Business inventories May
1230 Canada Manufacturing shipment Apr
1345 U.S. U. of Michigan survey May
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Intraday trading recommendations on EUR/USD, USD/CHF, USD/GBP, USD/YEN, AUD/USD, EUR/YEN, EUR/CHF, EUR/GBP altogether for USD 360 per month only. Contact us for further information.
--------------------------------------------------------------------------------
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989
Our Top 50 Watch Stocks – June 14, 2004 – updated daily
US stock futures are currently indicating a negative opening to today’s trading.
Today’s Additions DHC; OVTI; PRSF; MBAY
Previous Picks : SSNC; IFUL; CMLS; MMSI; SKIL; MERX; DRXR (Q results due June 14); TERN; DCEL (AGM on 6/15 and may fall more in the meantime); MANU; APAC; ALS; ALOT; AAC; FPDI; AAIIE(watching for restatement announcement); IDEV.
Trend Reversal HBIO; OMNI; MANT; ADIC; IMPC; IONA; CLST; ALOT; IASG; SCON; TGAL; CLZR; BE; SFNT; ABV; ITIG; EZPW; JCOM; BEAS.
Failures VSTA; AKLM; ASTSF; TMTA; NOVL; BCSI;
SWTX; CALM (still waiting on the short squeeze); WIZD; NIHK; NHLC.
Deletions HUF; HOTT; MED; LPLHA; TCOM; TMTA; VRST; TMWD
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Today's Additions and Previous Picks are stocks that we have selected to monitor for a trend reversal.
2. Trend Reversal are previous picks that we believe still have significant potential and could now be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. Deletions are stocks that are being removed to keep numbers at a manageable level i.e. 50.
IMPORTANT: Do not consider buying stocks in either of our categories until any downward trend has been reversed.
Please remember that while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; IFUL; CALM
Russell 2000's Rebalancing Act May Be Taxing Matter for Fund Investors
By Ian McDonald
Senior Writer
6/9/00 7:06 PM ET
There's a rumble coming in the Russell 2000 small-cap stock index and it might leave small-cap fund managers and their shareholders with a taxing headache.
On Friday night investment management consultant Frank Russell Co. released a preliminary list (see Russell's Web site ) of the stocks entering and leaving the Russell 3000, an index of the 3000 largest U.S. stocks ranked by market capitalization. As the Tacoma, Wash.-based firm prepares for the annual June 30 rebalancing of its 21 stock indices, most eyes are focused on the small fry, a.k.a. the Russell 2000, which is essentially an index of the 2000 smallest stocks in the Russell 3000.
Why? Experts say a host of tech-stock graduations from the sub-$1.5 billion market-cap arena that typically defines small-cap and the addition of recent initial public offerings to the index will make this year's turnover higher than usual. This year more than 520 new names are expected to end up in the index, which adds up to 33% turnover, compared with 27% last year. Since the benchmark is the model for most small-cap index funds and the yardstick for most actively managed small-cap funds, a big shift could leave fund managers with tough decisions and stick their shareholders with taxable capital gains distributions.
In addition to the taxing matter, investors smitten by smallness face another issue. After the rebalancing, the Russell is going to have a new personality, one that is less tech-oriented and more Old Economy.
There are some 20 retail index funds that track the Russell 2000, according to Morningstar, and if you own one, your manager is a little preoccupied these days. To mirror the index's performance, he or she has to buy and sell stocks to reflect the rebalancing. That means dumping bigger stocks that leave, such as $12.9 billion BroadVision (BVSN:Nasdaq - news), and putting that cash to work in smaller, more thinly traded stocks that are entering the index. The challenge: rejiggering the portfolio without locking in hefty cap gains.
It's this annual tune-up that makes large-cap index funds, which don't have a graduation dilemma, generally more tax-efficient than small-cap index funds. Vanguard's 500 Index fund, for instance, which tracks the S&P 500, sports just 6% turnover, according to Morningstar. On the other hand, the index behemoth's Small Cap Indexfund, pegged to the Russell 2000, has a 42% turnover ratio.
"This [rebalancing] is one of the downsides of indexing in the small-cap area," says William Harding, the Morningstar analyst who covers $3.9 billion Vanguard Small-Cap Index, the largest retail Russell 2000 fund.
Vanguard has tried to address the problem with its Tax-Managed Small-Cap fund, started last March. The fund focuses on low-dividend stocks in the S&P 600, a small-cap index with lower turnover. It's too early to judge its tax advantages.
For funds pegged to the Russell, adding the new names isn't necessarily as tough as it sounds because most will have small weightings and many index funds don't own every single stock in the index, in order to keep expenses down, says Morningstar's Harding. Still, selling some of the graduating biggies will trigger capital gains. A manager can try to offset those gains by selling losers along the way, but that's not easy.
"These rebalancings can be costly. You need to be vigilant about getting through these things as efficiently as possible," says Vanguard spokesman Brian Mattes. Gus Sauter, Vanguard's index-fund guru, is the consensus king of index-fund managers. And even his Small Cap index portfolio has just middling tax-efficiency ratings from Morningstar over the past three- and five-year periods compared with other small-cap blend funds.
Of course, index funds aren't the only portfolios affected. The rebalancing could have repercussions for actively managed small-cap funds because many use the Russell 2000 or its Value or Growth version as a benchmark.
"No small-cap manager, index or active, can afford to live in ignorance of the index, because that's their benchmark and they're judged against it," says Anurag Pandit, co-manager of John Hancock Small-Cap Growth.
Active managers might not be required to buy new additions and sell emigrating stocks, but many might be concerned by the index's new personality after rebalancing.
"It's going to be a very different index after the rebalancing. It will be more Old Economy than New Economy," says Steve Kim, an equity derivatives analyst at Merrill Lynch. Beyond a big uptick in the number of new faces, Kim anticipates the index's tech weighting to drop to 13.1% from 21.1%.
The average small-cap blend fund has been overweighting tech stocks, according to Morningstar, so many managers' modest bets will look a lot bigger after the rebalancing. Consequently, many active small-cap managers might scramble to keep their sector overweightings under control.
All this scrambling among passive and active fund managers could make for even more volatility among the small-cap crowd in the two weeks before and after the rebalancing, Merrill's Kim says. Although no small-cap managers will tip their hands, many believe they've already started the rebalancing process -- particularly those running index funds.
"I'm sure they're all doing it now. Index managers are probably trying to make some moves early. I'm sure the Gus Sauters of the world have already made the calculations and they've been making moves," says Jeff Troutner, president of TAM Asset Management in San Anselmo, Calif., and senior editor of Indexfunds.com. He advises investors to buy small-cap index funds in tax-deferred accounts to eliminate tax headaches.
Whether you eliminate your tax worries or not, the upshot for all small-cap fund investors is that they might be in for a rough ride over the next few weeks -- and maybe a nasty tax bill in April.
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Dollar surged on hawkish Fed officials' comments
The greenback rallied to a three-week high against the euro on Friday after a Federal Reserve official strengthened expectations that the central bank could raise U.S. interest rates aggressively. St. Louis Fed President William Poole said that the Fed must raise rates more quickly than the market expects if inflation speeds up, he also said delaying Fed action would not help the U.S. economy. The buck extended this week's gain inspired by comments from Fed Chairman Alan Greenspan on Tuesday.
With the United States markets closed due to the funeral of former President Ronald Reagan, market became quiet after European session.The single currency dropped to as low as 1.1965 and yen also fell to session low at 110.50.
Elsewhere, sterling tumbled 1.2 percent against the dollar to as low as 1.8160, partly due to poor public ratings of British Prime Minister Tony Blair.
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Major Economic Data for Today
Time Country Indicator
0645 France HICP prelim. M/M May
0645 France HICP prelim. Y/Y May
0730 Italy Industrial prod. M/M May
0730 Italy Industrial prod. Y/Y May
0830 U.K. PPI output M/M May
0830 U.K. PPI output Y/Y May
1230 U.S. Int'l trade Apr
1230 U.S. Retail sales M/M May
1230 U.S. Retail sales-X M/M May
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--------------------------------------------------------------------------------
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989
Newsletter predicts changes to Russell 2000
Friday June 11, 12:01 am ET
By Mark Hulbert
ANNANDALE, Va. (CBS.MW) - Today marks the beginning of an annual ritual involving the addition and deletion of companies from the Russell stock market indexes.
The stakes are huge.
According to Frank Russell & Co., the keeper of the indexes, more than $300 billion is "invested in funds that rely on Russell's U.S. indexes as investment models."
Therefore, a stock added to one of Russell's indexes can expect to see substantial additional purchase orders from these funds that imitate those indexes. By the same token, stocks dropped from Russell's benchmarks could see abnormal selling.
To be sure, Frank Russell & Co. is not the only index provider that must deal with the mad scramble that is set off by changing the composition of its benchmarks.
Consider what happened this past April 1 when Dow Jones & Co. (NYSE:DJ - News) announced that it would replace three companies that were part of the 30 in the Dow Jones Industrials Average (^DJI - News). Even though the change was not to take place until a week later, on April 8, the three stocks marked for deletion all fell sharply in the wake of that announcement, while the replacements rose smartly. (See full story.)
But what makes this process unique for the Russell indexes is that it is repeated annually, in June. Unlike the Dow and the S&P 500 (CBOE:^SPX - News) indexes, for which there is a lot of subjectivity in deciding which companies should be added and deleted, and when, Russell's benchmarks are defined objectively.
The Russell 3000 index (CBOE:^RUA - News), for example, contains the 3,000 companies with the largest market caps. The Russell 1000 (CBOE:^RUI - News) index contains the 1,000 largest issues within the Russell 3000, with the Russell 2000 index (CBOE:^RUT - News) containing the remainder.
These objective definitions create opportunities for investors trying to figure out in advance which companies will be added or deleted.
Partially in response to these enterprising investors, several years ago Frank Russell & Co. altered how it announced changes to its indexes, in effect spreading those announcements out over a period of several weeks. The hope was that this would soften the market impact of the changes.
This process begins today, June 11. On this day, as well as the next two Fridays, June 18 and June 25, the company will post preliminary lists of additions and deletions to its indexes. The newly-reconstituted indexes will become finally effective as of the close on June 25.
You might wonder why there is any need for preliminary additions and deletions, since the indexes' composition is objectively defined. The reason: When Russell ranks stocks according to their market caps, it focuses on just those shares of a company in which investors can freely transact shares. That requires adjusting a company's outstanding shares by "corporate cross ownership and large private holdings."
This is a very complex and laborious process, and surprisingly difficult for outsiders to try to imitate.
Nevertheless, John Buckingham, editor of The Prudent Speculator, on Thursday hazarded a guess, based on extensive research conducted by his staff to reproduce Russell's methodology.
Here are stocks that Buckingham predicts will be among those finally added to the Russell 2000.
BE Aerospace (NasdaqNM:BEAV - News)
Captaris (NasdaqNM:CAPA - News)
Brightpoint (NasdaqNM:CELL - News)
Ceres Group (NasdaqNM:CERG - News)
Deckers Outdoor (NasdaqNM:DECK - News)
Digi International (NasdaqNM:DGII - News)
FSI International (NasdaqNM:FSII - News)
Glenayre Tech (NasdaqNM:GEMS - News)
Hartmarx (NYSE:HMX - News)
IMCO Recycling (NYSE:IMR - News)
LCA Vision (NasdaqNM:LCAV - News)
Oregon Steel (NYSE:OS - News)
Res-Care (NasdaqNM:RSCR - News)
Trident Micro (NasdaqNM:TRID - News)
On the other side of the coin, Buckingham forecasts that the following issues will be among those deleted from the Russell 2000:
Aether Systems (NasdaqNM:AETH - News)
Computer Horizons (NasdaqNM:CHRZ - News)
Cantel Medical (NYSE:CMN - News)
Computer Network Tech (NasdaqNM:CMNT - News)
Innovex (NasdaqNM:INVX - News)
Concord Camera (NasdaqNM:LENS - News)
Roxio (NasdaqNM:ROXI - News)
Rex Stores (NYSE:RSC - News)
Unifi (NYSE:UFI - News)
for a full list of the proposed changes please use the following link: http://www.shrewdinvesting.com/links.asp?keywords=russell+index&do_search=1
Dollar retreated on profit-taking ahead of U.S. long weekend
Dollar retreated as investors squared positions ahead of the U.S. long weekend for the state funeral of former President Ronald Regan. The jobless claims rose to 352k against the forecast of 335k sparked the profit-taking spiral on long dlr positions and the dlr slipped to 1.2427 and 109.16 against Chf and Jpy respectively while Euro and cable rose to 1.2117 and 1.8444.
Market was still worrying that the Fed was behind the curve in moving interest rate higher as the May import price rose by 1.6% against expectation of 0.8%. Investors were awaiting on the FOMC decision on 30 June, a 0.25% hike was fully priced in.
Focus will also be on next Monday's release of U.S. April trade deficit, forecast to be 45 billion. Japan consumer confidence, France trade surplus and E-12 current account surplus will be released today.
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Major Economic Indicators for Today
Time Country Indicator
0430 Japan Industrial Production Apr
0500 Japan Consumer Confidence May
0645 France Trade Balance (EUR) SA APR 0900 E-12 Current Account q/q Q1
1100 E-12 OECD Leading Indicator APR
1230 Canada Merchandise Trade (CAD) APR
U.S. Gov. n Financial Mkts closed
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Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989
Watch Stocks – June 10, 2004
US stock futures are currently indicating a modest but positive start to today’s trading but with markets closed tomorrow and investors facing a long weekend, clearly there could be some profit taking as we move through the day.
As a point of clarification we highlight stocks that we believe are suitable for both stock traders and investors and try to avoid highly speculative stocks as we feel this type of information is already available from a number of web sites and message boards.
Market updates and information provided by partner companies will increasingly be posted separately to our message board
Today’s Watch Stock’s HUF (continuing downside risk - results which are due could be crucial); SSNC (secondary offering stock has put the stock under pressure)
Penny Stocks: n/a
Past Picks Still Current: IFUL; CMLS; HOTT; MMSI; SKIL; MERX; DRXR (Q results due June 14); MED; TERN; DCEL (AGM on 6/15 and may fall more in the meantime); MANU; APAC; ALS; LPLHA; ALOT; AAC; FPDI; AAIIE(watching for restatement announcement); IDEV.
Trend Reversal OMNI; MANT; ADIC; IMPC; VRST; IONA; CLST; ALOT; IASG; VSTA; SCON; TGAL; CLZR; BE; SFNT; ABV; ITIG; EZPW; JCOM; TMWD; BEAS.
Failures AKLM; ASTSF; TCOM; TMTA; NOVL; BCSI; HBIO;
SWTX; CALM (still waiting on the short squeeze); WIZD; NIHK; NHLC.
Premier Members should click on the following link for our Premier Pick: http://www.shrewdinvesting.com/content_list.asp?contentid=126&contenttypeid=2
Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
Trade to Win
The Shrewd Dude
Notes
1. Watch Stocks and Penny Stocks are stocks that we have selected today to monitor for trend reversal.
2. Past Picks are Watch Stocks/Penny Stocks previously highlighted that we continue to monitor for a trend reversal.
3. Trend Reversal are previous Watch Stocks and/or Past Picks that we believe still have significant potential and could now be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
IMPORTANT: Do not consider buying stocks in either of our categories until any downward trend has been reversed.
Please remember that while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility.
Disclosure LONG: FPDI; HBIO
Dollar rallied strongly on rate hike expectations
Dollar rallied strongly across the board on Wednesday as investors bought on expectations that the FED would hike more aggressively than previously thought. The market took hints from Greenspan's speech on Tuesday that the Fed would do what was required to curb inflation. The greenback surged to 1.2567 against chf while both euro and cable fell to 1.2036 and 1.8250 respectively. Investors ignored the news of an evacuation of US Capitol Supreme Court. RBNZ hike benchmark rate by 0.25% to 5.75%. The news was well discounted.
DlR/yen initially dipped to a 5 weeks' low at 108.66 on cross buying of yen on the larger than expected revision of Q1 GDP. However, rumours of BOJ checking price and active dlr buying from hedge funds lifted the dlr back to 110.57 in late U.S. session.
Thursday will see the release of Australian employment report, Italy Q1 GDP and Canadian new house price and capacity utilization. But the main focus will be the U.S. jobless claims, the Budget and the PPI data. UK BOE rate decision is widely expected to be unchanged at 4.25%.
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Major Economic Data for Today
Time Country Indicator
0645 France Ind. production M/M Apr
0730 Italy GDP revised Q/Q Q1
0830 U.K. New Construction orders Apr
1100 U.K. BoE rate decision
1230 U.S. Jobless claims w/e
1230 U.S. Import prices May
1230 U.S. Export prices May
1230 U.S. PPI M/M May
1230 U.S. PPI-X M/M May
1230 U.S. PPI-X Y/Y May
1230 Canada Capacity use Q1
1230 Canada New House Price Apr
1800 U.S. Fed Budget May
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EUR/USD, EUR/YEN, EUR/CHF, EUR/GBP intraday trading recommendations at USD 300 per month, daily trading recommendations at USD 150 per month. Please contact us for further details.
--------------------------------------------------------------------------------
Alex Tsui
Sales Manager - Internet Based Business
Trendsetter Financial Markets Limited
Tel: (852) 2865 2059
Fax: (852) 2525 9443
email: alex@acetrader.com
URL: www.acetrader.com - 24 hours real-time intra-day forex strategies
Reuters Index: TREN01 since 1989
Markets Closed Friday June 11
In observance of the national day of mourning for President Ronald Reagan, the stock markets will be closed on Friday June 11th.
The Chicago Board of Trade has determined to extend the open auction trading session in Financial futures and options from its normal close of 2:00 PM to 2:30 PM (Central Time) on Thursday, June 10, 2004 as a result of the Department of Labor's Bureau of Labor Statistics decision to release the May Producer Price Index report ('PPI') at 2:00 PM on that date in response to the National Day of Mourning for President Reagan. Therefore, to facilitate the entire market's ability to respond to this release, the Exchange has determined to extend trading until 2:30 PM for all Financial futures and options contracts. The Modified Closing Call will occur after the 2:30 PM closing at 2:38 PM unless otherwise determined by each respective pit committee. Electronic (e-cbot) trading in Financial futures and options will close at the normal time (4:00 PM) on June 10, 2004.
It's going to depend on the public....
they will determine valuation short term. Any good news would make it pop and erase the recent PR.
mb
Re As long as she moves slowly
Agreed but for the immediate future that is possibly wishfull thinking.
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