Possible Bullish Inside Day Candle Pattern Detected for Royal Gold
(NASDAQ:RGLD) Financial News Network Online - 1 hour ago Analyzing the price
chart for Royal Gold (NASDAQ:RGLD) has revealed a potential bullish inside day
candle pattern. Yesterdays price range of $69.25 and $70.71 is within the prior
days high and ...
Monday, December 19, 2011
Why Traders Should be Cautious This Week
Stocks opened higher on Friday, but headlines from Europe again interrupted
what looked like it would be a strong day for U.S. stocks. After 45 minutes of
trading, the Dow Jones Industrial Average had gained over 100 points. But it was
destined not to last when markets plunged on a warning from Fitch that it might
cut the ratings of Belgium, Cyprus, Ireland, Italy, Slovenia and Spain. By noon,
the Dow was off 50 points, but by early afternoon it had clawed its way back to
breakeven and traded in a narrow range for the remainder of the day. And so
despite quadruple witching day the day that options expire for index options,
index futures, stock options, and single stock futures the day ended flat.
Volume, however, was very high with the NYSE trading 1.8 billion shares and the
Nasdaq crossing over 1 billion shares. Advancers exceeded decliners on the Big
Board by 1.6-to-1 and by 1.3-to-1 on the Nasdaq. Click to Enlarge The S&P 500 is
in a narrow trading range triangle with a top at 1,260 and bottom at 1,180. It
has turned down from its 200-day moving average and last week broke both the
20-day and 50-day moving averages.
what looked like it would be a strong day for U.S. stocks. After 45 minutes of
trading, the Dow Jones Industrial Average had gained over 100 points. But it was
destined not to last when markets plunged on a warning from Fitch that it might
cut the ratings of Belgium, Cyprus, Ireland, Italy, Slovenia and Spain. By noon,
the Dow was off 50 points, but by early afternoon it had clawed its way back to
breakeven and traded in a narrow range for the remainder of the day. And so
despite quadruple witching day the day that options expire for index options,
index futures, stock options, and single stock futures the day ended flat.
Volume, however, was very high with the NYSE trading 1.8 billion shares and the
Nasdaq crossing over 1 billion shares. Advancers exceeded decliners on the Big
Board by 1.6-to-1 and by 1.3-to-1 on the Nasdaq. Click to Enlarge The S&P 500 is
in a narrow trading range triangle with a top at 1,260 and bottom at 1,180. It
has turned down from its 200-day moving average and last week broke both the
20-day and 50-day moving averages.
Microsoft Corporation (NASDAQ:MSFT) To Bring In Picture Passwords
Microsoft Corporation (NASDAQ:MSFT) has announced picture passwords for Windows
8. Microsoft Corporation (NASDAQ:MSFT) To Bring In Picture Passwords Microsoft
Corporation (NASDAQ:MSFT) has given more information about its Picture password
feature in Windows 8, which is a method of logging into a computer powered by
Windows 8 through a Picture Password. Instead of typing regular passwords and
pin numbers, picture passwords will allow the user to unlock their PC in a
simple and secure manner. Users are prompted with a familiar picture of their
choice and asked to make a series of finger gestures on the touch screen to
setup password protection. When a user logs into a Microsoft Corporation
(NASDAQ:MSFT) Windows 8 machine using Picture Password, they have to replicate
the correct placement, order and direction of all gestures. Microsoft Corp.
(NASDAQ:MSFT) stocks were at 26 at the end of the last days trading. Theres been
a -4.1% change in the stock price over the past 3 months. Microsoft Corp.
(NASDAQ:MSFT) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.95 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.77 Zacks
Rank: 29 out of 89 in the industry
8. Microsoft Corporation (NASDAQ:MSFT) To Bring In Picture Passwords Microsoft
Corporation (NASDAQ:MSFT) has given more information about its Picture password
feature in Windows 8, which is a method of logging into a computer powered by
Windows 8 through a Picture Password. Instead of typing regular passwords and
pin numbers, picture passwords will allow the user to unlock their PC in a
simple and secure manner. Users are prompted with a familiar picture of their
choice and asked to make a series of finger gestures on the touch screen to
setup password protection. When a user logs into a Microsoft Corporation
(NASDAQ:MSFT) Windows 8 machine using Picture Password, they have to replicate
the correct placement, order and direction of all gestures. Microsoft Corp.
(NASDAQ:MSFT) stocks were at 26 at the end of the last days trading. Theres been
a -4.1% change in the stock price over the past 3 months. Microsoft Corp.
(NASDAQ:MSFT) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.95 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.77 Zacks
Rank: 29 out of 89 in the industry
Amgen Getting Its Groove Back
Amgen (NASDAQ: AMGN ) This independent biotech company has been a leader in
the development of genetically based research and treatment for cancer, anemia,
rheumatoid arthritis and a host of other major illnesses.
the development of genetically based research and treatment for cancer, anemia,
rheumatoid arthritis and a host of other major illnesses.
Google Inc. (NASDAQ:GOOG) Shares Search Terms
Google Inc. (NASDAQ:GOOG) has released the top search queries of 2011. Google
Inc. (NASDAQ:GOOG) Shares Search Terms The search titan Google Inc.
(NASDAQ:GOOG) has released the Zeitgeist 2011 report showing the top search
queries of 2011. Rebecca Black, Google+, Ryan Dunn, Casey Anthony and
Battlefield 3 are the top five searches of 2011. Google Inc. (NASDAQ:GOOG)
spokesman Amit Singhal said, "From local celebrities in Finland to
Singaporeans looking for news on the revolutions in Egypt and Libya half a world
away, people turned to Google Inc. (NASDAQ:GOOG) to learn more about what was
happening on the world stage. It wasn't just the man-made moments that topped
the charts this year, but also the natural disasters that literally shook the
world, from Hurricane Irene in the U.S. to the earthquakes in Christchurch and
Japan". Google Inc. (NASDAQ:GOOG) stocks were at 625.96 at the end of the last
days trading. Theres been a 14.5% movement in the stock price over the past 3
months. Google Inc. (NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy
Mean recommendation: 1.17 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.17 Zacks
Rank: 2 out of 30 in the industry
Inc. (NASDAQ:GOOG) Shares Search Terms The search titan Google Inc.
(NASDAQ:GOOG) has released the Zeitgeist 2011 report showing the top search
queries of 2011. Rebecca Black, Google+, Ryan Dunn, Casey Anthony and
Battlefield 3 are the top five searches of 2011. Google Inc. (NASDAQ:GOOG)
spokesman Amit Singhal said, "From local celebrities in Finland to
Singaporeans looking for news on the revolutions in Egypt and Libya half a world
away, people turned to Google Inc. (NASDAQ:GOOG) to learn more about what was
happening on the world stage. It wasn't just the man-made moments that topped
the charts this year, but also the natural disasters that literally shook the
world, from Hurricane Irene in the U.S. to the earthquakes in Christchurch and
Japan". Google Inc. (NASDAQ:GOOG) stocks were at 625.96 at the end of the last
days trading. Theres been a 14.5% movement in the stock price over the past 3
months. Google Inc. (NASDAQ:GOOG) Analyst Advice Consensus Opinion: Moderate Buy
Mean recommendation: 1.17 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.17 Zacks
Rank: 2 out of 30 in the industry
Technicall Overbought; 5 Stocks Around $10 To Consider Short
The following stocks JBLU, HEK, MBI, CDR and SWHC are technically overbought
above with a 14-day Relative Strength reading of 70 or higher. Many of these
charts could continue to climb steadily but when they crack its a given that
profit taking will ensue. Trade your hand right and this can be a very favorable
chart patterns going long followed by short. If you are new to shorting, this
FREE 45-minute video I did will get you started. JetBlue Airways Corp. (
NASDAQ:JBLU ) provides passenger air transportation services in the United
States. JBLU has a market cap of $1.66 billion and a reported short interest of
4.7 days to cover. As of Friday 12/16/11 the 14-day Relative Strength of JBLU
was 73.91 and heading up. Resistance is at $6.28 $6.45 before shares can push
the 52-week high of $6.79. Support is at the MA(200) of $5.06. Heckmann Corp. (
NYSE:HEK ) is a holding company, acquires or makes investments in various
businesses. HEK has a market cap of $786.74 million with a reported short
interest of 12.3 days to cover. As of Friday 12/16/11 the 14-day Relative
Strength of HEK was 71.33 and accelerating up making a new 52-week high at
$6.79. There should be light support at $6.70 followed by $6.50 $6.30 before
all three major Moving Averages 20, 50 and 200 around $6. MBIA Inc. ( NYSE:MBI )
provides financial guarantee insurance and related reinsurance, advisory, and
portfolio services for the public and structured finance markets; and asset
management advisory services in the United States and internationally. MBI has a
market cap of $2.29 billion and a reported short interest of 12.1 days to cover.
As of Friday 12/16/11 the 14-day Relative Strength of MBI was 74.63 and
weakening. Resistance is at $12.65 with support at $11.00, $10.63 and $10.30
before the 20 Moving Average. The 52-week high is $14.96 from last January.
Cedar Shopping Centers Inc. ( NYSE:CDR ) is a real estate investment trust,
engaging in the ownership, operation, development and redevelopment of
supermarket-anchored community shopping centers and drug store-anchored
convenience centers in the United States. CDR has a market cap of $272.07
million and a reported short interest of 6.6 days to cover. As of Friday
12/16/11 the 14-day Relative Strength of CDR was 73.54 and slightly heading up
after a crack Thursday. Resistance is at $4.22 and $4.33 with support at $3.85
followed by $3.50. The 52-week high is $6.59. Smith & Wesson Holding Corp. (
NASDAQ:SWHC ) provides products and services for safety, security, protection,
and sports in the United States and internationally. SWHC has a market cap of
$253 million and a reported short interest of 8.7 days to cover. As of Friday
12/16/11 the 14-day Relative Strength was 71.13 and slightly strengthening after
an overbought reading and a price pullback from $4.01 $3.62. There is
resistance at the 52-week high of $4.08 with support at $3.60.
above with a 14-day Relative Strength reading of 70 or higher. Many of these
charts could continue to climb steadily but when they crack its a given that
profit taking will ensue. Trade your hand right and this can be a very favorable
chart patterns going long followed by short. If you are new to shorting, this
FREE 45-minute video I did will get you started. JetBlue Airways Corp. (
NASDAQ:JBLU ) provides passenger air transportation services in the United
States. JBLU has a market cap of $1.66 billion and a reported short interest of
4.7 days to cover. As of Friday 12/16/11 the 14-day Relative Strength of JBLU
was 73.91 and heading up. Resistance is at $6.28 $6.45 before shares can push
the 52-week high of $6.79. Support is at the MA(200) of $5.06. Heckmann Corp. (
NYSE:HEK ) is a holding company, acquires or makes investments in various
businesses. HEK has a market cap of $786.74 million with a reported short
interest of 12.3 days to cover. As of Friday 12/16/11 the 14-day Relative
Strength of HEK was 71.33 and accelerating up making a new 52-week high at
$6.79. There should be light support at $6.70 followed by $6.50 $6.30 before
all three major Moving Averages 20, 50 and 200 around $6. MBIA Inc. ( NYSE:MBI )
provides financial guarantee insurance and related reinsurance, advisory, and
portfolio services for the public and structured finance markets; and asset
management advisory services in the United States and internationally. MBI has a
market cap of $2.29 billion and a reported short interest of 12.1 days to cover.
As of Friday 12/16/11 the 14-day Relative Strength of MBI was 74.63 and
weakening. Resistance is at $12.65 with support at $11.00, $10.63 and $10.30
before the 20 Moving Average. The 52-week high is $14.96 from last January.
Cedar Shopping Centers Inc. ( NYSE:CDR ) is a real estate investment trust,
engaging in the ownership, operation, development and redevelopment of
supermarket-anchored community shopping centers and drug store-anchored
convenience centers in the United States. CDR has a market cap of $272.07
million and a reported short interest of 6.6 days to cover. As of Friday
12/16/11 the 14-day Relative Strength of CDR was 73.54 and slightly heading up
after a crack Thursday. Resistance is at $4.22 and $4.33 with support at $3.85
followed by $3.50. The 52-week high is $6.59. Smith & Wesson Holding Corp. (
NASDAQ:SWHC ) provides products and services for safety, security, protection,
and sports in the United States and internationally. SWHC has a market cap of
$253 million and a reported short interest of 8.7 days to cover. As of Friday
12/16/11 the 14-day Relative Strength was 71.13 and slightly strengthening after
an overbought reading and a price pullback from $4.01 $3.62. There is
resistance at the 52-week high of $4.08 with support at $3.60.
Gold & Silver Prices – Daily Outlook December 19
XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 Gold and silver prices recorded last week one of the worst weekly performances in 2011. Will this week continue the sharp declines in precious metals prices, or will they recover during this week. The major news item came today from North Korea as Kim Jong-Il died over the weekend. How if any will this news may affect gold and silver prices? Today, the ECB President will give a speech, and Australia’s Central Bank will have a monetary policy meeting and rate decision. Currently gold and silver are traded up. Here is a market outlook of precious metals prices for today, December 19th: Gold and Silver Prices –December Update Gold price rallied on Friday by 1.31% to $1,597.9; silver price also rose by 1.36% to $29.27. The chart below shows the changes of gold and silver prices during the month (normalized gold and silver prices to November 30th 2011). During December gold price dropped by 8.7% and silver price by 9.6%. The ratio between gold and silver prices nearly didn’t change on Friday, December 16th and reached 53.85. During the month the ratio slightly rose by 0.9% as gold price moderately outperformed silver price.
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