A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Gap ’
Spain to Recapitalize BFA-Bankia as Lender Needs $11 Billion – Bloomberg
Telegraph.co.ukSpain to Recapitalize BFA-Bankia as Lender Needs $11 BillionBloombergSpain will recapitalize BFA-Bankia (BKIA) with as much public money as necessary, as the nationalized group needs at least 9 billion euros ($11 billion) to comply with ...
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Dollar Falls Vs Yen As BOJ Holds Steady – Wall Street Journal
Yahoo!7 NewsDollar Falls Vs Yen As BOJ Holds SteadyWall Street JournalBy TAKASHI MOCHIZUKI TOKYO–The dollar fell against the yen on Wednesday in Asia as the Bank of Japan's wait-and-see stance disappointed some short-term traders who had position...
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Gap profit flat, company raises guidance – Los Angeles Times
Bellingham HeraldGap profit flat, company raises guidanceLos Angeles TimesAP Clothing seller Gap Inc. said Thursday that sales improved at its Old Navy, Gap and Banana Republic chains and online. But its first-quarter net income was unchanged from a ye...
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Gap First-Quarter Profit Beats Analysts’ Estimates – Bloomberg
BloombergGap First-Quarter Profit Beats Analysts' EstimatesBloombergGap Inc. (GPS), the largest US specialty- apparel retailer, posted first-quarter profit that beat analysts' estimates after sales for the period advanced to the highest level i...
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Banks May Need $566 Billion to Plug Capital Gap, Fitch Says – Bloomberg
BloombergBanks May Need $566 Billion to Plug Capital Gap, Fitch SaysBloombergThe world's biggest banks may have to raise about $566 billion of common equity to meet rules on capital to be implemented by 2019, curtailing shareholder returns, accordi...
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Banks May Need $566 Billion to Plug Capital Gap, Fitch Says – Bloomberg
BloombergBanks May Need $566 Billion to Plug Capital Gap, Fitch SaysBloombergThe world's biggest banks may have to raise about $566 billion of common equity to meet rules on capital to be implemented by 2019, curtailing shareholder returns, accordi...
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Chesapeake confident on asset sales, shares rise – CNBC.com
Proactive Investors USA & CanadaChesapeake confident on asset sales, shares riseCNBC.com(Reuters) - Chesapeake Energy Corp sought to calm Wall Street worries about its financial position, telling investors on Monday it was confident it would complete a...
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Once Remote, Goldman Sachs Puts On a Friendly Public Face – CNBC.com
CNBC.comOnce Remote, Goldman Sachs Puts On a Friendly Public FaceCNBC.comAfter a steady stream of criticism since the financial crisis, Goldman Sachs is trying to burnish its image. Last week, the company's chief executive, Lloyd C. Blankfein, gave...
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Meet the anti-Groupon – CNN
Moneycontrol.comMeet the anti-GrouponCNNBy Miguel Helft, senior writer April 30, 2012: 12:01 AM ET Wrapp, a Swedish "social gifting" startup, has big backers like Reid Hoffman and Niklas Zennstrom and even bigger retail partners, including Ga...
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SPX and Oil Update: The Market Appears to Have Finally Reached the Tipping Point
Who remembers Sniglets from HBO's series, Not Necessarily the News? Sniglets are words that should be in the dictionary, but aren't. One that sticks with me from my youth, and which comes to mind now, is:
Pielibrium - n. The...
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There Is No Shortcut, But All We Have Are Shortcuts
Cheating on the final exam to get an A doesn't mean you mastered the subject. Yet cheating is all we have in America because sacrifice and adult trade-offs are too painful.
We all know there is no shortcut to anything worth having--mastery, securit...
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SPX Update: Market Not Doing Anyone Any Favors
Yesterday, the preferred count expected a bounce, which we got. Problem as I'm writing this is that ES futures are up about 9-10 points.
As I mentioned in the body of the article yesterday, the wave iv target could run all the way up...
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SPX and NYA Updates: No Holy Grail Just Yet
Yesterday went as well as a day can for numerous targets... and while it's still a bit tricky for the bigger picture, the very short-term charts seem fairly straighforward. I'm going to lead with the short term chart, which ex...
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Another gap up crushes more shorts
Sellers pile in at the close,but another first of the month Mutual fund jamfest for da boys.
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Another Rally From the Valley, Ho Ho Ho
SPX cash left us with a 2 day cycle projection of 1318 at yesterday’s close. Say bye bye to that. The new projection is 1328. A 3 day cycle projection points to 1326, and a new 5 day cycle projection resulting from this morning’s gap open points to 1329. Resistance is suggested at a...
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Nowhere To Go But Sideways
The blowoff ended yesterday morning and SPX cash has drifted down irregularly, hitting the last 2 day cycle projection of 1315 late yesterday. The 2 day cycle oscillator formed a trough at the end of the day, and has barely edged to the buy side in the opening minutes today. 5 day cycle indicators...
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Up Up and Away
SPX (cash) opened with a massive gap that resulted in a 2 day cycle projection of 1303-07. The gap down triggered sell signals on 2 and 5 day cycle oscillators. Resistance is suggested at an 8 day cycle inner channel line at 1305. If that’s cleared, the next one is at 1314. Support is...
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Market Sells Off At Open, Hits Prior Pivot Support, But Looks Lower
SPX (cash) tanked on the open in NY after hitting its 2 day cycle projection late Thursday. The gap down triggered sell signals on 2 and 5 day cycle oscillators. These indicators had negative divergences versus the SPX double top at about 1296.50 near Thursday’s close and early Tuesday. The new 2 day cycle...
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SPX and Nasdaq Updates: Long-term Charts Show Market Faces Key Resistance Levels
Yesterday, I spoke about the possibility that Minor Wave (2) up could complete its top within hours, and it's entirely conceivable that came to pass yesterday. Once again, the market gapped up, and once again, the bulls took it nowhere ...
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SPX and NDX Update: A Rally, or Just a Blip?
Yesterday, the market again traded right down into my target zone, but, as mentioned yesterday, there are now two solid reasons for shorts to be cautious at these levels:
1) The alternate count suggested a bottom right in the target zo...
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On Corzine – MFG in the fog of war
I watched Jon boy. I didn’t hear any smoking guns. That doesn’t mean there weren't any. Keep in mind that Corzine has the best lawyer (for this) that money can buy. Andrew Levander has been advising the former CEO of MFG on every word he says.
I w...
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SPX and Dow Update: Just the Fax, Ma’am
Alrighty then. Apparently, the hours I'm keeping have become too much for my body these last few days. Many apologies. Here's the charts I finished last night before falling asleep at my computer for the 3rd night in a row. ...
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How do you say "bank run" in French?
While the liabilities can in theory keep rising for ever within EMU, they signal grave imbalances, such as the North-South trade gap so long ignored until it proved fatal. They ultimately leave debtor central banks deep under water if the eurozone brea...
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Portugal raids public pension fund, joining Ireland & Hungary..
UK Telegraph
Excerpt:
The cabinet agreed to transfer the assets from four of Portugal’s biggest banks to the state balance sheet.
The assets will be used to bridge a gap needed to meet the fiscal deficit target of 5.9pc of GDP set by the terms of...
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Analysis: India inches closer to crisis as rupee retreats
Analysis: India inches closer to crisis as rupee retreats
Reuters – 1 hour 42 minutes ago.. .
By Swati Bhat and Emily Kaiser
MUMBAI (Reuters) - India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving t...
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Market Opening Outlook 11/18/11
We left the cash market yesterday with a 3 day cycle projection of 1208 that was just about hit. The 2 day cycle turned up at the bell, with an initial projection of 1218. The SP futures have exceeded that in the pre market, hitting 1230, and now trading at 1222, suggesting a gap...
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The One Country That Could Take Down the Eurozone – And It’s Not Greece
It's been a rough few weeks for the Eurozone.
Portugal is still in trouble, Spain will be back on the coals after its Nov. 20 election, and if I were a bond trader, I would be shorting Belgium, which has serious deficit and debt problems, runs for months at...
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Older Americans are 47 times richer than young
Older Americans are 47 times richer than young
NEW YORK (CNNMoney) -- One of the most basic tenets of the American Dream is being called into question by recent economic data. Can each new generation do better than the one before it?
So far, t...
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ES 1233.50 +9.00 +0.73% up 17 from afterhour lows
Just as I thought, futures are jamming on positive futures in Europe which is natural considering Germany was down 5%, France 5%, and Italy 7%+ yesterday. (Italy markets fell the most in 3 years! Italy is quickly reach critical meltdown and could mak...
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SPX Update: Looks About Right So Far…
Tuesday held no surprises as the market did a ramp and camp, which fits the terms of the technical bounce discussed yesterday. Toward the close, I wrestled a bit with the wave structure, but in the end decided it appeared a little ...
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