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Weiss Ratings: JP Morgan, Bank of America, US Bank, Still Among the Weakest Banks in the Nation

Posted by L Levin on March 23, 2011 at 4:07pm
JUPITER, Florida (March 22, 2011) — JP Morgan, Bank of America, US Bank,  Suntrust Bank, Regions Bank and Capital One remain among the nation’s weakest financial institutions with assets of $1 billion and greater, according to the latest quarterly review by Weiss Ratings, the nation’s leading independent provider of bank, credit union and insurance company ratings.  In contrast, Northern Trust, International Bank of Commerce and Nationwide Bank are considered some of the strongest banks and thrifts.                                http://swingtradingdaily.com/2011/03/22/weiss-ratings-jp-morgan-bank-of-america-us-bank-and-suntrust-still-among-the-weakest-banks-in-the-nation/
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Copper Could Be Telling A Different Tale (NYSE:JJC) (NYSE:SCCO) (NYSE:FCX)

Posted by Aadil on March 21, 2011 at 8:02pm
Copper has long been know as a leading economic barometer for the major stock indexes. Today copper is trading lower on the trading session despite the huge stock market rally in the major stock indexes. This afternoon the iPath Dow Jones UBS Copper ETN(NYSE:JJC) is trading lower by $1.07 to $56.78 a share. This is very unusual action in the industrial metal when the stock market indexes are sharply higher. Last night the Shanghai Index(China) was basically flat and that could be the cause of today's weak action in copper. If it is not then weak copper could mean that more stock market declines are coming again soon.
Freeport McMoRan Copper & Gold Inc.(NYSE:FCX) is trading higher today by 0.49 cents to $52.27 a share. This stock is holding up well considering the weak action in the JJC. FCX stock will have intra-day support around the $51.90 area.
Southern Copper Corp.(NYSE:SCCO) is another leading copper producer that is trading slightly higher today. The stock is trading higher by 0.30 cents to $40.18 a share. Southern Copper stock will have intra-day support around the $39.70 area should it pullback or decline. It is rare to see the leading copper stocks trade positive when the actual commodity is loweron the day.
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Technical Levels: Money Flow Into Tech (NASDAQ:MSFT) (NYSE:HPQ) (NASDAQ:AAPL) (NASDAQ:GOOG)

Posted by Aadil on March 21, 2011 at 5:37pm
Technology shares are spiking higher today, leading the markets. The Nasdaq is higher by 50.34 (+1.90%), trading at 2,694.01, while the S&P 500 and Dow Jones Industrial Average are lagging, up a respectible 1.5%. It appears money flow which had been shunning the technology sector is now rushing back in. Financial stocks are also weaker today after being stronger last week. It appears money is flowing from the bank stocks into the beaten down technology stocks.

It is truly fascinating to watch the charts. For instance, more tech stocks hit master levels of support last week prior to this rally than any other group in the market. This signaled a high probability of money inflow as trading programs and hedge fund players were spotting these levels. Take a look at the chart of Microsoft Corporation (NASDAQ:MSFT). Just last week the stock sold into a key gap fill from October 12th, 2010 and also hit a double bottom from November 29th, 2010. These two coinciding levels and an oversold Microsoft chart, signaled a high probability of a solid bounce. Today, Microsoft is trading at $25.37, +0.57 (+2.30%).
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The World’s Best Gold Experts: 'Buy and Hold!'

Posted by L Levin on March 21, 2011 at 8:25am
In January, Jeff Clark of Casey Research’s BIG GOLD advisory set out to get opinions from some of the smartest, most accomplished investors in the gold industry – where is the gold price going to go, how volatile will the markets be, what’s the outlook for precious metals stocks? Read on for some of the most insightful answers you’ll see anywhere…        http://www.lewrockwell.com/orig11/clark-j18.1.html
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