EurAnalysis

Wednesday, July 25, 2012 7:55:53 AM


Dow futures are zooming higher by 135 points, or 1.1%, after blue-chip heavyweights Caterpillar and Boeing posted strong quarterly results and full-year outlooks. S&P 500 futures are up by a slimmer 0.5%, while Nasdaq 100 futures are off 0.28% as sliding Apple shares weigh heavily.





For more news, please go to FoxBusiness.com and watch the FOX Business Network.

Coming from a person who is easily offended... Hmmmm

Yes its possible ...

yes ur right PT,may i also suggest if someone is long then try taking the pofit sooner, the rational is rallies are smallish and trend is down.

and thanks for the generosity and GL to u and many green pips.

Top Stories

Apple sinks after earnings miss forecasts. Apple (AAPL) shares were -4.7% premarket after its FQ3 earnings missed expectations even though EPS rose to $9.32 from $7.79 and revenue jumped 22% to $35B. Apple's FQ4 guidance for $7.65 and $38B was below consensus as well. Sales of iPads jumped 44% on quarter to 17M, but those for iPhones fell to 26M from 35M in FQ2. Apple said iPhone 5 rumors are prompting consumers to wait for its release, which contributed to the firm's earnings miss, as did economic uncertainty.

ECB's Nowotny: ESM could have bank license. ECB council member Ewald Nowotny has told Bloomberg there are "pro arguments" for giving the eurozone's ESM permanent rescue fund a banking license. Such a move would give the ESM access to ECB loans, adding to its €500B of firepower, although there are legal arguments against granting the license. The comments have given a lift to European shares, while the euro was +0.7% vs. the dollar premarket.

Fed mulls more action to spur economy. Fed officials have become impatient with the sluggish economic growth and high unemployment, and could decide at a meeting next week to try to do something about it, the WSJ reports. Purchases of mortgage-backed securities, a pledge to keep rates low for longer, or even a move to further push down the nearly microscopic short rates are among the choices available to the FOMC.

Top Stock News

International operations hit Ford profit. Ford's (F) net profit plunged 57% to $1B, with its overseas operations and an increased tax rate offsetting a good performance in North America. Adjusted EPS of $0.30 and revenue of $33.3B beat forecasts. Ford cut its FY profit guidance and increased its expected losses from Europe to over $1B from an earlier forecast of $600M. Shares were -1.2% premarket.

Netflix plunges after earnings warning. Netflix's (NFLX) Q2 EPS slumped to $0.11 from $1.26 but beat Street estimates, while revenue climbed 12.7% to $889M and met expectations. Shares plummeted 19.4% premarket after the company predicted possible or definite losses in the coming quarters, partly due to international expansion. Netflix also guided lower for domestic subscription additions, raising doubts it will meet its user-growth targets for the year.

BOE raised flags of JPM's CIO well before whaling loss trades. Bank of England staff expressed concerns to the bank's top brass already in late 2010 about the dominance of JPMorgan's (JPM) CIO in various areas of the U.K. markets, the WSJ reports. However, the BOE doesn't seem to have acted on the concerns, because JPM was providing important liquidity to British banks, and because the central bank wasn't JPM's supervisor.

L-3 wins $1.98B order from the Army. L-3 Communications (LLL) has been awarded a $1.98B contract from the U.S. Army to provide maintenance, logistics and other related sustainment support for over 600 helicopters.

VC fund raises $2.6B. New Enterprise Associates, which backed Groupon, has closed a $2.6B fund, the second-largest venture capital fund ever. NEA uncovered "enormous interest" in VC as an asset class as investment managers returned to the sector. One wonders if low interest rates and market volatility were a factor - you can put your money in a VC for 5-10 years and forget about it. Then, you might not be there if things go awry.

Top Economic & Other News

Geithner set for Libor questions from Congress. Timothy Geithner is set for a couple of fun-filled days in Congress, where he's expected to be asked about the NY Fed's actions after Barclays' (BCS) admitted to officials in 2008 - when Geithner was in charge at the NY Fed - they were rigging Libor. The BOE says the Fed bank never said anything about any wrongdoing, a claim that's backed up by a Washington Post report.

Moody's cuts outlook of rescue fund. Moody's has cut its outlook on the European Financial Stability Facility, the eurozone's temporary rescue fund, to negative from stable. The move follows the agency's decision to change the outlook for Germany, the Netherlands and Luxembourg to negative. All three of those countries are EFSF guarantors, with Germany holding the largest share at around 29%.

Japan enjoys trade surplus as imports decline. Japan posted an unexpected June trade surplus of ¥61.7B ($789M) as lower oil prices contributed to the first drop in imports since December 2009, with economists forecasting a trade deficit of ¥140B. Imports fell 2.2% on year and exports 2.3%.

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Today's Markets:
In Asia, Japan -1.4%. Hong Kong -0.1%. China -0.5%. India -0.4%.
In Europe, at midday, London +0.2%. Paris +0.7%. Frankfurt +0.5%.

Futures at 7:00: Dow +0.5%. S&P +0.5%. Nasdaq -0.4%. Crude +0.3% to $88.73. Gold +1%% to $1596.70.

Today's economic calendar:
7:00 MBA Mortgage Applications
10:00 New Home Sales
10:30 EIA Petroleum Inventories

I was hoping to sell off R2 / 50% fib / MR 3 as they are all in the resistance area off the hourly chart.

However, the 5 m harami pattern on higher volume came first, so I sold at 2151....

A Lower High after the ribbon has turned red will give me another short entry....

Doc, do you play a lot of chess in India? I think yes. You seriously cant say it is not good and waste of time. It is incredibly valuable mental excercise. I am playing chess 2-3 times a week with my friend so my brain does other stuff than mathematics. It is hard to keep up with the market and intelectual excersise in the meanwhile can be only helpfull. But you may be right, that if you have a job, family and lots of stress and trying to keep up with the market, boiling your brain in your spare time is not such a good idea.

Btw, I dont know if chess pros go out or not, but I am going out to think of if I should put SL on BE or keep risk at 0,4%. So cya in 15 mins.

T

Okay

First : Before you offend people with your ignorance , you could google major chess games and the time frame involved. You may have changed your ignorant statement above.

Second : The question was how to develop patience , maintain it and take decision under pressure . It was not about how to develop technical analyses or anything related.

Third : Staying too much infront of the screen can help confuse u even more. I think it was Albert Einstein who once stated that his greatest ideas came during wondering around in his garden , not behind his desk.

Who's Laughing Now?

http://hosting.fyleio.com/17735/publ...t_laughing.png

“What’s the difference between the US and Europe?”.... “About six years.”

With markets down across the globe on Tuesday, from grains to gold to Greece, we could use a little levity and you have to love Rick Santelli who shared the above joke on Tuesday’s CNBC broadcast. Santelli opined that we are headed down the same disastrous path as our European friends with the continued policies of “ostrich economics,” ignoring the broad systemic issues and applying only band aid solutions.

Things are really THAT bad in Europe. Reuters reported that Greece will need another debt restructuring as it set to miss 2020 spending targets by as much as 30 billion euros. The miss will likely cause the IMF to pull out of the second bailout agreement, leaving the Eurozone and the ECB to shoulder the 100 billion euro burden.


In addition, the Spanish situation is proving to be a colossal economic blunder. The Spanish 5-year/10-year curve actually inverted on Tuesday, meaning yields on shorter-term notes exceeded yields on longer-term debt. Yes, we will soon be seeing a full scale bail out.

Could things really get THAT bad in the US? With continued poor domestic numbers like the awful July Richmond Fed Manufacturing Survey and forecasted downward expectations in Friday’s GDP, the domestic economic situation isn’t nearly as rosy as those in charge would like us to believe.

And the almighty Apple will be no help. Earnings released after Tuesday’s close revealed that it missed Wall Street’s estimates by ($9.32 per share v. $10.35 forecast).

But none of this matters, because buyers emerged in large numbers near the close of Tuesday’s trading session cutting earlier losses in half. What sparked the rally? A mere report from the Wall Street Journal (again) that the Fed may soon make “key decisions” (again) next week or in September. Of course, this isn’t really anything new or different from what’s been said before, but any talk of Fed action makes the stock buyers rush out in full force…again.

So, yes, the joke is on all of us.

No, it is impossible. How can you say that the lower the price is, the better place to cover shorts? Thats nonscence.
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Ok, I stop "beeing funny", its just that analysis was a nonscence. Everyonce could say that.

T

so true.

Marinov has either misinterpreted Nowotny's statements or he is purposely spinning it for Citi's benefit.

Nowotny clearly stated that arguments can be made in support of issuing the ESM a banking license. He never said the ECB was considering it. If you recall, last year, Nowotny was all for levering up the EFSF 10:1 and was calling for the ECB to issue it with a banking license. Did it happen? No.. Why? Because Germany will not allow it and Draghi is very much a Merkel puppet. Plain and simple.

This is market psychology manipulation at its best. Well played Citi. Hope you catch your lemmings.

Gosh,How old are you kid ?

dont forget i am on high and since ur post i have developed bit of a thick skin. j/k aside i think i was rude and i apologise to vaschus for that and i will edit that line.thanks PT for reminding but human beings are bundle of contradictions
addT i was not hurt becos of ur post,basically u said right thing and i appreciate that, the issue i had was the apologetic tone of that post and only few words in red which are unnecessary.i hope u understand.

and you ? TA dumb..Lolz

stop being smart ass which knows everything dude

you need learn more,show me ur chart and open your explorer to see how understand u r in this market,if not then shut the fakup

I tryed both scripts on demo acc - and both are working.

Then I tryed this one from PT on live acc. (MT4 with 5-digit)
I closed 3 orders. 2 on e/u and 1 on a/u.
It is working, thanks PT. Also thanks to A95h.
I set it on keybord (Alt + C), then I check "Allow live trading" and click OK.

Addon:
This one closed (deleted) pending orders also.

Congrats doc , GL and with many green pips.

Not nice. Read the rules

give u a face PT
am will keep haunt those morons here,sorrie for that..lolz

enjoy ur day

Sorry FXM, but you have been causing too much trouble lately. I haven't seen one single useful post from you in a long time. You only come here to troll. I have given you too many chances already.

Welcome to the iggy list.