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The Real Reason The Debt Ceiling Fight Was Horrible News For Markets

Posted by L Levin on August 5, 2011 at 3:58pm

the debt ceiling fight didn't end in default (thank god) and in all truth it didn't even result in severe austerity in the near term.  The cuts next year aren't actually all that dramatic, although they're certainly very unhelpful at a time when the private sector is weak and deleveraging.

Read more: http://www.businessinsider.com/why-the-debt-ceiling-fight-was-really-bad-news-for-the-economy-2011-8#ixzz1UAdkhPaM

 

 

 

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Barclays’ profits plummet, Barclays Bank is 192p wow

Posted by L Levin on August 5, 2011 at 12:00pm
Bank group Barclays announced first-half profits of £2.64bn, down one-third on a year ago. The fall was mostly due to a one-off charge for missold payment protection insurance. Overall, results were respectable, but the market remains unconvinced and the stock is one of the lowest valued major firms in Europe, on a price/tangible-book-value ratio of 0.62.              http://www.moneyweek.com/investments/stock-markets/uk/barclays-profits-plummet-54904
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Finding Strong FTSE stocks, which stocks have fallen the least over the past 30 days?

Posted by L Levin on August 4, 2011 at 8:06am
Download company fact sheet Fresnillo1,888.00p34.86%n/an/an/an/a£13,676.24Overweight
Download company fact sheet Randgold Resources Ltd.5,800.00p12.51%114.00¢80.02.50.22%£5,064.12Overweight
Download company fact sheet Vodafone Group172.50p3.73%16.75p10.22.65.22%£86,984.23Buy
Download company fact sheet Next2,376.00p1.58%221.90p10.60.63.31%£4,072.03Overweight
Download company fact sheet Schroders1,626.00p0.87%111.80p14.10.12.35%£3,559.85Overweight
Download company fact sheet Shire Plc1,962.00p0.05%146.00¢21.91.00.41%£10,938.05Overweight
Download company fact sheet Intertek Group1,910.00p0.00%91.00p20.92.21.48%£3,041.12

Overweight

 

 

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Shake That Tail (NYSE:RAX) (NYSE:VMW) (NASDAQ:RVBD) (NASDAQ:SNDK)

Posted by Aadil on August 4, 2011 at 12:31am
This morning, the sky was falling as the major stock indexes plummeted. However, after a heavy volume surge following the open the major stock indexes started to recover a bit off the lows. At one point, the Dow Jones Industrial Average (DJIA) was down by more than 150.00 points before bouncing higher. This afternoon, the DJIA is trading lower by just 20.00 points. The big question is whether this market can hold up into the closing bell. Traders should always remember the old market adage, it is not how the market starts, it only matters how the markets finish. 

There are many stocks that are making potential bottoming tails on the charts. Leading stocks such as Rackspace Hosting Inc.(NYSE:RAX) has reversed its earlier declines and is now trading positive by 0.53 cents to $39.53 a share. VMWare Inc.(NYSE:VMW) also reversed higher and could be making a potential bottoming tail on the daily chart. These are leading stocks and that is why they must be followed closely. Other stock that have rallied sharply off of the morning lows include Sandisk Corp.(NASDAQ:SNDK) and Riverbed Technology Inc.(NASDAQ:RVBD). 

When stocks rally off of the early morning lows this sharply it will often signal a possible near term bounce. It is still very important for stocks to see follow through in the coming days should they even hold up into the close. Tomorrow many traders and investors will be in pause mode ahead of the U.S. government job report on Friday morning. In the meantime, there are a lot of potential bottoming tails to look at on the charts.
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Vampire Market (NYSE:EWQ) (NYSE:EWG) (NYSE:EWP) (NYSE:EWI)

Posted by Aadil on August 3, 2011 at 10:48am
Since July 21, 2011, the Dow Jones Industrial Average has dropped lower by 786.0 points, the popular stock index is now trading below the psychological 12,000 level. This is one fast and massive drop for all of the major stock indexes in such a short period of time. The debt ceiling bill has been passed by the politicians and the stock market participants do not care. If the politicians caved on the debt deal because of the stock market they sure look silly now. In any case, there is now blood in the street, we call this a vampire market. This is when the institutions either run for cover or they step in and buy stocks. It is important to remember that it is the institutions that move markets, not the small retail trader at home with a small online trading account.  

The problems in the European Union seem to be getting worse by the day. Investors are now looking at France as another weak link in the already broken European Union. The iShares MSCI France Index Fund (NYSE:EWQ) has been plummeting lower since early May. Today the EWQ traded lower by 0.79 cents to $23.97 a share. The EWQ is short term oversold at the moment, however, the trend is down and the index is trading below all of the major moving averages. If the EWQ does not bounce soon the problems in the European Union are going to get a lot worse. 

Other leading European stock indexes that are trading lower this afternoon include iShares MSCI Spain Index (NYSE:EWP), iShares MSCI Germany Index (NYSE:EWG), and iShares MSCI Italy Index (NYSE:EWI). All of these indexes are short term oversold at the moment, however, that does not mean they cannot trade lower. Yes, there is blood in the street right now, this is a vampire market.

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Stock Markets Sell On Fears, Ignore Vote (NYSE:SPY) (NYSE:GLD) (NYSE:SLV)

Posted by Aadil on August 2, 2011 at 3:59pm
The markets are looking past the Senate vote today at 12pm ET and they do not like what they see. It looks like the debt ceiling and spending cuts bill will pass and be signed into law by President Obama. However, the economic news continues to be ugly, Italy and Spain are a mess and the U.S. still faces a possible debt rating downgrade. This is sending the markets sharply lower today into the lunch hour. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $127.39, -1.39 (-1.08%).

Sentiment in the markets is very bearish based on all these factors. The debt deal is minor now as Wall Street looks towards a new recession. The selling today is broad based with money flowing into gold and silver for protection. The SPDR Gold Trust (ETF) (NYSE:GLD) is trading at $160.00, +2.28 (+1.45%) and the iShares Silver Trust (ETF) (NYSE:SLV)  is trading at $39.31, +1.02 (+2.66%). Take the seven day free trial to theResearch Center and become one of the best investors on the planet. Get the same swing trade alerts, market analysis and proprietary techniques the hedge funds get. Join now.

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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