Chains of habit are too light to be felt until they are too heavy to be broken
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Notable earnings after Tuesday’s close:
$ACE , $AMZN , $BNNY , $BRCM , $BXP , $CSE , $DLB , $FSL , $HA , $HLIT, $MPW , $POL , $RHI , $RYL , $UIS , $VRTX
Notable earnings before Tuesday’s open:
$AKS , $ARLP , $ASH , $BSX , $BTU , $CIT , $CP , $DHI , $EDU , $EMC , $F , $GLW , $GNTX , $HOG , $HRS , $HW , $IP , $ITW , $JBLU , $KLIC , LLY , $LXK , $NEE , $NUE , $PFE , $PHG , $PII , $PNR , $TROW , $TUP , $TYC , $VLO , $WRB $X
Tuesday's economic calendar:
FOMC meeting begins
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
9:00 S&P Case-Shiller Home Price Index
10:00 Consumer Confidence
10:00 State Street Investor Confidence Index
1:00 PM Results of $35B, 5-Year Note Auction
The average 30-year fixed mortgage rate rises 6 bps to 3.66% this week, according to Bankrate. The 15-year fixed rises 5 bps to 2.94%, a 4-month high. The 5/1 ARM rate, however, falls 3 bps to 2.71%. We're closing in on the 2-year anniversary (April) of the last time the 30-year fixed was above 5%.
Gold prices inched up on Tuesday as investors waited to see if, as widely expected, the Bank of Japan would shift to a more aggressive monetary stimulus at the end of a policy meeting, while brushing off a tax hike on Indian gold imports.
Brent crude edged up near $112 a barrel on Tuesday as Japan was expected to pump in more money to boost its economy, adding to positive growth signals from the United States and China in past weeks.
'Dead' Stocks Find New Life
http://www.cnbc.com/id/100391826
The Bank of Japan takes some assertive steps to end its long-running deflation issue, setting a 2% inflation target and starting open-ended purchases of ¥2T/month in government bonds and ¥10T/month in T-bills starting in January 2014. The yen sinks, with a dollar buying ¥89.8 from an earlier ¥89.4.
Buy doom, sell confidence? No calls for an EU-led imminent financial calamity are likely to be heard at this week's gathering of big shots in Davos. "The eurozone is broadly on the right track," says former Deutsche Bank CEO Ackerman. A year ago: The EU is a "time bomb," said then-Mexican President Calderon. VGK +15% Y/Y.
Greece might be finally turning things around, says Morgan Stanley analyst Daniele Antonucci. While the country isn't actually recovering, the huge uncertainty that was caused by fears of a Grexit and other factors, and which was destroying economic activity, has been removed. The recession is alleviating, Greece is becoming more competitive and it's almost achieved a primary surplus.
With his strategy of major monetary and fiscal stimulus, Japanese PM Shinzo Abe is taking a "huge gamble," says Ambrose Evans-Pritchard. Abe could help "lift the global economy out of the doldrums" or cause "a panic flight from bonds that overwhelms the Bank of Japan" and brings disaster to the banks.
China intends to "push forward market-based liberalization of the interest rate" and steadily expand the use of the yuan in cross-border trading, says outgoing Premier Wen Jiabao. China will also encourage the development of private financial institutions.
The pay package of Disney (DIS) CEO Robert Iger climbed 20% to $40.2M in 2012, including a basic salary of $2.5M, $9.5M in stock awards and a cash-and-stock bonus of about $24.3M. Over 90% of Iger's compensation was based on the company's earnings and share-price performance. Since he became CEO in 2005, Disney's stock has more than doubled, including rising by a third last year.
Randgold Resources (GOLD) says output at its Tongon mine in Cote d'Ivoire is getting back to normal following a fire in the mill section in December. Randgold expects that both its mill circuits will be fully operational within two weeks. The mine produced 210K oz of gold in 2012 despite a number of setbacks.
Nokia Siemens Networks reportedly plans to issue €700M worth of high-yield bonds in the Spring to test investor interest in the company and assess the potential of a possible IPO. However, Nokia (NOK) and Siemens (S) have no plans to exit the telecom-equipment company, which has enjoyed a turnaround with three straight quarters of underlying profitability.
(RIMM) could sell its hardware production and license its software once it has launched BlackBerry 10 devices, CEO Thorsten Heins tells German newspaper Die Welt. RIM will also explore strategic partnerships with other tech companies.
Santander (SAN) is reportedly considering bidding £2B ($3.2B) for National Australia Bank's U.K. operations, which comprise 337 Clydesdale and Yorkshire bank branches. Although the business is loss-making, it's attractive to Santander because it has a strong position in the small- and medium-sized business segment, where the Spanish bank is keen to expand as it prepares for an IPO of its British operations.
Dell (DELL) has reportedly hired boutique investment bank Evercore Partners to run a "go-shop process" that would seek other offers for the company should a group led by Silver Lake make a bid. The idea is to protect Dell from expected lawsuits and criticism that it didn't get the best offer possible. Silver Lake's proposal is likely to value Dell at $23-24B vs its market cap of $22.3B.
Tuesdays Earnings To Watch
before Tuesday’s open:
$AMTD , $CNI , $CRBC , $DAL , $DD , $EAT , $FCX , $FMER , $JNJ , $KSU , $MTG , $PETS , $RF , $SNV , $TRV , $VZ , $WAT
after Tuesday’s close:
$CA , $CPWR , $CREE , $CSX , $EZPW , $GOOG , $IBM , $IGT , $ISRG , $NSC ,$RFMD ,$TSS , $TXN
Good Job Sumo on $LWSP Congrats Traders :)
Watch And Learn Sumo Style
Good Job Sumo on $LWSP Congrats Traders
Watch And Learn Sumo Style
Consumer Sentiment: The overall read of 71.3 is the lowest in a year, and expectations slipped 1.1 points to 62.7, the lowest level since summer 2011's budget-skirmish and U.S. downgrade. "Oil prices are climbing and the consumer isn't ignoring it" - inflation expectations grow from 3.2% to 3.4%.
Risk/Reward , Discipline over Conviction , Stops In Place , Take Profits ....... works for me :)
Smart Man You Are I Can Tell :) Aloha
Why Trade Anything Else $SPY Options Rock
See Why Here :)
Earnings before Friday’s open:
$COL , $FHN , $GE , $JCI , $MMR , $MS , $PGR , $PH , $SLB , $STI , $STT , $WBS
It is currently trying to break out of this downtrend and channel. I like her Above all the moving averages the 200 day moving average is Definitely ceiling can see what happened when she hit it back in October would be cautious at that point, if it goes there could always break out I would like to see the volume pick up as for the rest of the indicators. The accumulation distribution could be ready to breakout the RSI. It has broken above their 50 day moving average and the midpoint came down retested the downtrend and found support. The PPO is crossing through the 50 day moving average and the midpoint and the histogram is starting to turn north. The slow STO has got a good positive divergence set up and is weging could go into the power zone I got it on the watch list Mahalo I hope $VPER goes to the moon for you
It looks like it has broken the downtrend. And is attempting a breakout If they can get above the 100 day moving average. I would be very bullish. I would like to see the volume pick back up the red and green arrows illustrate where she will go if the trends break. As further indicators. I like the positive divergence as well as they are moving through the 50 day moving average and above the 50 midpoint line. The accumulation distribution needs to get back above the 10 day moving average and head back north . You have the 20 day moving average and 50 day moving average. Below you, those will be support. This was a great trade. Ali. Thank you for giving it to our room early . I missed the possible short-term top, but I made 100% . I personally look for more of a pullback, but will have two hop back end if she breaks above the 100 day moving average . As she could make a move for that 200ma ALOHA Ali
Same as I said On Last One :)
Nice chart my Braddah Love me some purples :)