Daily Market Commentary for November 6, 2009

Unemployment Rises

Investors didn't let bad news take the wind out of their sails, as unemployment rises investors focused their attention towards gold's advance to an all-time high. (Read more at Millennium-Traders.Com)

Economic data released today:

Nonfarm Payrolls:
U.S. October Nonfarm Payrolls fell 190K; compared to consensus of a decrease by 175K; U.S. October Manufacturing Payrolls fell 61K; Service Producing fell 61K; U.S. September Payrolls Revised to fall 219K from a decrease by 263K.

Unemployment Rate:
U.S. September Unemployment Left Unrevised at 9.8%; U.S. October Unemployment Rate 10.2%; compared to consensus of 9.9%; U.S. Unemployment Rate highest since April 1983.

Average Hourly Earnings:
U.S. October Average Hourly Earnings rose 0.05 to $18.72.

Average Weekly Hours:
U.S. October Overall Workweek 0.0 Hour to 33.0 Hours.

Wholesale Inventories:
U.S. September Wholesale Inventories fell 0.9%; was expected to fall 1.0%.

Consumer Credit:
U.S. September Consumer Credit Decreased $14.8B; Drop in U.S. consumer credit marks eighth consecutive decline; August consumer credit Revised to down $9.9B from down $12.0B.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain 10.66 points, EOD 10,016.62
NYSE (New York Stock Exchange) gain 8.13, EOD 6,958.29
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 6.69 points, EOD 2,112.01
S&P 500 (SPX) gain 2.66 points, EOD 1,069.29
BEL 20 (BEL20) gain 12.63 points, EOD 2,431.71
CAC 40 (CAC40) shed 1.44 points, EOD 3,707.29
FTSE100 (UKX100) gain 17.08 points, EOD 5,142.72
NIKKEI 225 (NIK/O) shed 20.3, EOD 9,789.35

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,546 declined stock prices 1,492, unchanged stock prices 114, stock prices hitting new highs 92 and stock prices hitting new lows 9. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: CME gain 0.41, HOD 308.65, LOD 299.00, EOD 306.62; FAS shed 0.80, HOD 71.93, LOD 68.35, EOD 71.15; RTP gain 2.76, HOD 194.68, LOD 188.90, EOD 193.33; MGA gain 5.80, HOD 50.91, LOD 45.70, EOD 50.00.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,265, declined stock prices 1,445, unchanged stock prices 126, stock prices hitting new highs 80 and stock prices hitting new lows 21. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AMZN gain 5.59, HOD 126.98, LOD 122.67, EOD 126.20; CROX shed 1.09, HOD 6.34, LOD 5.45, EOD 5.75; AAPL gain 0.31, HOD 195.19, LOD 192.40, EOD 194.34; NILE gain 2.38, HOD 64.15, LOD 59.72, EOD 61.10; HANS shed 2.52, HOD 35.08, LOD 32.95, EOD 34.46; BIDU gain 13.51, HOD 410.54, LOD 390.01, EOD 409.74; SAPE shed 1.01, HOD 8.33, LOD 7.44, EOD 7.59; CSTR shed 2.91, HOD 29.45, LOD 26.64, EOD 28.96; RRGB shed 2.79, HOD 16.39, LOD 14.73, EOD 14.90; RAIL shed 3.86, HOD 22.49, LOD 20.34, EOD 21.74; RIMM gain 0.93, HOD 58.89, LOD 56.50, EOD 58.72.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 243, declined stock prices 266, unchanged stock prices 63, stock prices hitting new highs 15 and stock prices hitting new lows 6.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1065.75; Change 2.50
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,728.50; Change 9.25
E-mini DOW $5 (YM) Dec 09: EOD 9,971; Change -17
E-mini S&P MidCap 400 (MF) Dec 09: EOD 679.90; Change -0.60
Nikkei 225 (Yen) Dec 09: EOD 9,800; Change -60

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6735 U.S. Dollars 1.4847
Japanese Yen 89.9300 to U.S. Dollars 0.0111
British Pound 0.6021 to U.S. Dollars 1.6609
Canadian Dollar 1.0748 to U.S. Dollars 0.9304
Swiss Franc 1.0171 to U.S. Dollars 0.9832

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $2.19, EOD $77.43 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.05, EOD $2.00 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.19, EOD $4.60 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) shed $0.06, EOD $1.92 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $6.40, EOD $1,095.70 ($US per Troy ounce)
Silver (December 09) shed $0.04, EOD $17.38 ($US per Troy ounce)
Platinum (January 09) shed $14.70, EOD $1,348.20 ($US per Troy ounce)
Copper (December 09) unchanged $0.00, EOD $2.95 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $0.90, EOD $56.60
Pork Bellies (February 10) gain $1.30, EOD $86.10
Live Cattle (December 09) shed $1.35, EOD $85.00
Feeder Cattle (January 10) shed $1.10, EOD $96.08

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $9.50, EOD $367.25
Soybeans (January 10) shed $17.00, EOD $955.00

BOND MARKET:
2 year EOD 100 9/32, change 2/32, Yield 0.85, Yield change -0.03
5 year EOD 100 11/32, change 6/32, Yield 2.29, Yield change -0.04
10 year EOD 100 1/32, change 8/32 Yield 3.49, Yield change -0.03
30 year EOD 101 25/32, change 5/32, Yield 4.39, change -0.01

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com

.SHORTING swing +AJLKV at .30 area SAME AMOUNT AS LONG at .52 area AAPL 210 Nov Calls (SELLING TO OPEN) I am shorting AAPL calls but here equal contract number so to make the stance nutral

.shorting swing +RFYWJ at .24 area 2X OVERSIZED RIMM 50 Nov puts. (SELLING TO OPEN) I am here creating a box on the same puts were long with a equal moony allocation short amounting to a greater amount of short contracts than long contracts down here to preserve capital and am back losses. Its making the position a bullish position as I said int he room did so when she hit day highs.

Business Description
Trustcash Holdings, Inc.
400-3475 Lenox Rd.
Atlanta, GA 30326

Trustcash 2.0 ::: Anonymous. Secure. Private.

Phone: 800-975-5196
E-mail: info@trustcash.com
Through its Trustcash brand and website (Trustcash 2.0 ::: Anonymous. Secure. Private.), Trustcash is a pioneer of anonymous payment systems for the internet. Trustcash developed a business based on the sale of a virtual stored value card that can be used by consumers to make secure and anonymous purchases on the internet. The company markets its Trustcash(TM) payment card, which is sold in denominations ranging from $10 to $200 online.

PSFT is actually moving something for today. but their gain is down by 6%.



alpha777psft

Lookes like it found the bottom yesterday and bouncing back and it has a lot room to go up.

.buying swing +UALKN at .30 OVERSIZED , UAUA nov 7 calls . I really like the chart and potential on UAUA from this level so am doing both a stock and options bullish positions on her.

.buying swing UAUA at 6.70 OVERSIZED . Mind you according to my discipline a oversized stock position is 5 times the money allocation of a options position of equivalence. Oil may have toped out and this is a bearish oil bet on top of a UAUA chart that may be setting up to move short term bullish. Aggressive early entry. Also watching LCC and OIL ultrashorts SCO and DTO.

Did further DD last night on USPS- the green machine scooter project added to their quality line of products is a sure winner. The applications for use are amazing. Low float and undervalued even with lastest move up. This one I'm thinking could be big.

Email I go from SSHS CEO last night:

"I am on business travel this week. I wanted to take a moment and address your questions and concerns.

As you well know, I am not able to release any information about our accounts and new contracts that has yet to be published into the public market. I will tell you that we have taken meassures to secure our existing business while continueing to grow at a pace affordable to the company and business climate.

Our team is working daily to improve company profits and streamline our operations in these economic conditions.

Also, we are in the process of updating all websites and marketing information by end of Q4, 2009. All addresses, phone numbers, and contact information will be updated, along with our recent news and market data.

I will be sending a quarterly newsletter beginning January 2010 which will be posted on our newly designed websites. Updated financial data and related information will be listed via our link to Yahoo Finance.

Please feel free to contact me directly if you have further questions. I may be reached at (214) 922-9040. "

Sincerely,

R. Michael Lagow
CEO
Safeguard Security Holdings, Inc.

.buying swing +RFYWJ at .36-39 area 2X OVERSIZED RIMM 50 Nov puts, Today we had very bad employment data and we have the release of a much hyped Android Phone from Verizon . Much like the Palm Pre release that ended up being a failure and before that the RIMM storm release that also was a failure this is touted as an iphone killer. Now RIMM sells phones on the Verizon network unlike AAPL so they have more to lose from this product in direct competition to its offerings on the same carrier. i don't see customers dropping there iphone for this Droid os, frankly i like the interface of the Palm Pree much more though they are for now stuck with a much smaller carrier. Remember this is the final quarter where AAPL is bound to its agreement to only sell trough ATT, and the big driver of growth during the last quarter was mac sales.

These guys are doing really well and by association so am I. They have closed a couple of nice distribution deals and look to headed onward and upward. Looking for another big volume day.

Dear readers, featured in cohen indenpendent research inc, tret is a buy recomendation with a long term price of $5.10, tret is currently trading at $ 1.68, and let me add that tret is in the process of acquiring americas energy company, when this happens you will miss your chance of 250% gains, tret has so much more to it i just dont have time for all the details this morning,

i am not a broker, do your own research, and use your own buy and sell signals, and never invest in any company you cant afford to lose your money in....

Happy trading
nolimitcomics

Global Entertainment Holdings, Inc., a publicly-traded Company on the OTC, Symbol: GBHL, is engaged in the production of low-budget, high quality, genre pictures with recognizable name talent. Global Entertainment Holdings employs a financing strategy designed to significantly mitigate investment risk utilizing tax incentives, distribution advances and/or pre-sales, gap financing, economies of scale inherent in back-to-back film production and deferment of our production fees.

GBHL, the Parent Company, generates revenues through its subsidiary operations. U.S. operations are handled through two, wholly-owned subsidiaries: Global Universal Entertainment (GUE) is engaged in U.S. film production, and Global Universal Film Group (GUFG) manages distribution and sales representation of films worldwide for content produced by the subsidiaries, as well as by other filmmakers. Canadian film production operations are handled by Global Universal Pictures (GUP), a 30% owned affiliate of the company.
Global Entertainment Holdings, Inc. is a public Company trading on the OTC symbol "GBHL".

Global Entertainment Holdings currently has approximately 24 million shares of common stock issued and outstanding, of which approximately 21 million shares are “restricted” securities, 1 million shares are “unrestricted” (in certificate form) and 2 million shares are “free trading” (float shares).

Global Entertainment Holdings also has 3.9 million shares of Series “B” preferred stock, convertible one-for-one into common stock and 6.5 million shares of Series “C” convertible, as a whole class, into 60% of the total number of outstanding shares of common stock calculated immediately after conversion.

I'm wondering how many people got burned by SWVL's R/S. They did a reverse split whithout any announcement today. After the 1 for 1000 split, the stock was .10 and closed at .03 down 70%. The bid after hours is .022. I guess we all know where that one's going. It's new symbol is SEVA.

Friday, 06 November 2009 05:53

GBP/USD

Buy @ 1.6623 ( Stop/Limit/Market Order)

Set Stop Loss @ -30pip
Set Profit Target @ 50 pips

EUR/USD

Buy @ 1.4884 ( Stop/Limit/Market Order)

Set Stop Loss @ -30pip
Set Profit Target @ 50 pips

EUR/USD closed higher on Thurssday due to short covering. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI remain neutral signalling that sideways to higher prices are possible near-term. If it extends last week’s decline, this month’s low crossing is the next downside target. Closes above the 10-day moving average crossing are needed to confirm that a low has been posted.
USD/JPY closed lower on Thursday as it continued the breakout below last week’s high range. The mid-range close sets the stage for a steady to weaker opening on Friday. Stochastics and the RSI remain bullish hinting that sideways to higher prices are possible near-term. If it extends September’s rally, the reaction high crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.
GBP/USD closed higher on Thursday due to short covering. The high-range close sets the stage for a steady to higher opening on Frisday. Stochastics and the RSI remain neutral signalling that sideways to higher prices are possible near-term. If it extends last week’s decline, this month’s low crossing is the next downside target. Closes above the 10-day moving average crossing are needed to confirm that a low has been posted.
USD/CHF closed lower on Thursday as it continued the breakout below last week’s high range. The mid-range close sets the stage for a steady to weaker opening on Friday. Stochastics and the RSI remain bullish hinting that sideways to higher prices are possible near-term. If it extends September’s rally, the reaction high crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.

EURUSD Outlook

The EURUSD peaked at 1.4917 after an optimistic statement about Euro economy outlook from the ECB, but closed lower at 1.4871, formed a Doji on daily chart indicating indecisive movement. While my technical outlook remains bullish with 1.5060 and 1.5300 as potential target, I think the market is waiting for NFP and unemployment rate today, which expected to be at -175 K and 9,9%. While most economic data both in US and Euro generally show positive signals, many analysts see high rate of unemployment as a potential obstacle to the recovery progress. I have three possible scenarios regarding NFP number

• No surprise: If the actual number is the same or only have small difference with expected number, the EURUSD should continue the bullish.
• Big downside surprise: If the actual number much lower than expected, the Dollar might benefit as risk aversion might increase.
• Big upside surprise: If the actual number much higher than expected, the Dollar might suffer as risk appetite might increase.

On technical side, as you can see in my h4 chart below, after the false breakdown, price reverse higher and made a breakout and now retrace lower, struggling around the upper line of my range area. The way I see it, it’s just a normal downside pullback before continue further bullish momentum. Immediate support remains around 1.4800 area. Break below that area should lead to no trading zone as direction would become unclear for me. CCI just cross the 100 line down on h4 chart suggesting potential downside pressure but any bearish movement should be seen as correction at this phase.

The GBPUSD also indecisive yesterday. The BoE decided to increase the quantitative easing program by £25bn to £200bn. Although the QE program was expanded, the Sterling edges higher as market expected a £50bn expansion.
On h4 chart below, we can see that the price still able to stay above my triangle indicating potential bullish continuation targeting at least 1.6700 area before re-testing 1.7042. Immediate support at 1.6520 followed by 1.6464 (yesterday’s low) and the upper line of the triangle. A movement back inside the triangle should be seen as potential threat to my technical bullish outlook. CCI just cross the 100 line on h4 chart so watch out for potential downside pressure. Eyes on US NFP and unemployment rate today.

AUDUSD Outlook


The AUDUSD attempted to push lower yesterday, bottomed at 0.9023 but whipsawed to the upside and closed higher at 0.9096, formed a Doji on daily chart indicating indecisive market. On h4 chart below we can see that the pair still able to stay above the trendline indicating bullish scenario still intact with technical target at least around 0.9180 before re-testing 0.9327. Immediate support at 0.9090 and the trendline support area. Break below that area should lead us inot no trading zone as direction would become unclear for me, but I still prefer a bullish scenario.
GBPJPY Outlook


The GBPJPY attempted to push lower yesterday, bottomed at 148.52 but whipsawed to the upside and closed much higher at 150.42, formed a Doji on daily chart indicating indecisive market. In nearest term, I think the bias is more to the upside, but as you can see in my daily chart below, price still struggling around my trendline resistance (red, circled). We need a consistent move above the trendline resistance to confirm bullish scenario towards 153.20 area. Immediate support at 150.00 – 149.80 area. Break below that area should trigger further bearish momentum re-testing 148.52 (yesterday’s low) and potentially threat the bullish outlook.
EURJPY Outlook


The EURJPY attempted to push lower, slipped below my trendline support, bottomed at 133.35 but whipsawed to the upside and closed higher at 134.95. Another technical mess Although this fact indicating potential upside scenario with 136.08 as potential target, I still prefer to stand aside for now until all these noises from important economic data is over. I hope we already have clearer direction next week. Immediate support at 134.45 and the trendline support area.
USDCHF Outlook


Similar to EURUSD and GBPUSD, the USDCHF was indecisive yesterday. On my h4 chart below we can see that the pair still struggling around the lower line of the range area at 1.0166. I think we are in no trading zone now. Technically I still prefer a bearish scenario after false breakout on Tuesday with 1.0000/40 as potential target but we need a convincing movement below 1.0166 to confirm the bearish scenario. Immediate resistance at 1.0192 (yesterday’s high) followed by 1.0270. Eyes on US NFP and unemployment rate today
USDJPY Outlook


The USDJPY attempted to push lower yesterday, bottomed at 89.98 but whipsawed to the upside and closed higher at 90.74. This fact indicating that potential upside pressure is still alive and kicking with the lower line of the bullish channel remains potential resistance area to be tested. On the downside, I have a new trendline support (red) as an important support at this phase. I still think that now is not the best time to trade, but if my trendline support violated to the downside, my bearish mode will be confirmed. Immediate support at 90.50 followed by 89.89 (yesterday’s low).

On Thursday the pair did break below support at 1.4820 but was rejected by 1.4800. This resulted in a push above the 1.4860-1.4870 level which triggered the test of the recent highs at 1.4900. It failed to push above 1.4920 which is the next breakout level.
The pair currently sits at 1.4867. Minor resistance has developed at 1.4880. A break of that may be good for a scalp, but until the pair moves back above 1.4900 there is no strong directional bias. A push above 1.4900 indicates a test of 1.4920. If that level that can be penetrated, 1.4950 and 1.4980 are the targets/resistance beyond.
A drop below 1.4839 indicates a move to 1.4820-1.4810. If the pair continues to sell, support comes in at 1.4770 and beyond that 1.4740-1.4730.
Keep in mind the NonFarm Payrolls come out of the US Friday at 13:30 GMT. This is one of the biggest market moving events, thus the markets get very erratic around the announcement.

After a sharp drop from 1.0852, USDCAD consolidates in a narrow range above 1.0594. Another fall is expected after consolidation and next target could be at 1.0400 area. Resistance level is now at 1.0735, and key resistance is located at 1.0852, only rise above this level will indicate that the uptrend from 1.0206 has resumed, then another rise towards 1.1000 could be seen to follow.

FX Technical Commentary
Euro 1.4875

Initial support at 1.4702 (Nov 4 low) followed by 1.4626 (Nov 3 low). Initial resistance is now located at 1.4917 (Nov 5 high) followed by 1.4927 (Oct 27 high)
Yen 90.85

Initial support is located at 89.99 (Nov 5 low) followed by 89.20 (Nov 2 low). Initial resistance is now at 91.32 (Nov 4 high) followed by 91.62 (Oct 29 high).
Pound 1.6575

Initial support at 1.6402 (Nov 4 low) followed by 1.6241 (Oct 19 low). Initial resistance is now at 1.6693 (Oct 23 high) followed by 1.6742 (Sept 11 high).
Australian Dollar 0.9110

Initial support at 0.8971 (Nov 4 low) followed by the 0.8907 (Nov 2 low). Initial resistance is now at 0.9144 (Nov 4 high) followed by 0.9218 (Oct 27 high).
Gold 1091

Initial support at 1080 (Nov 4 low) followed by 1055 (Nov 3 high). Initial resistance is now at 1097 (Nov 4 high ) followed by 1100 (Psychological level).
Oil 79.80

Initial support at 78.5 (Intraday Support) followed by 78.0 (Intraday support). Initial resistance is now at 81 (Nov 5 high) followed by 82 (October High).

Today brought a few more eyes to PSGI IMO and buyittradeits video chart was def nice to wake up to. I believe we are finding a bottom here around this .09 level, with some steady buying we could push and break past this .0105. With the new ascending support level at .097 and news pending, this could be the start of a run back around .75

Prime Star Group, Inc. DD Sheet



Symbol:

PSGI

Website:

Prime Star Group (PSGI) - Homepage

Facebook Group

Login | Facebook

IHUB Board:

Prime Star Group (PSGI) Stock Message Board

Exchange:

OTCBB

PSGI video chart by Buyit Tradeit

PSGI

Chart

BigCharts - Interactive Chart

Share Structure:

Estimated Market Cap: $150,538 as of Nov 2, 2009
Outstanding Shares: 1,368,529 as of Jun 30, 2008
Number of Shareholders of Record: 670 as of Apr 10, 2008

Recent Prime Star Group, Inc. Press:

Prime Star Group Engages Consultant for Key Accounts
10/27/09
Prime Star Group Engages Consultant for Key Accounts - Yahoo! Finance

Prime Star Group Provides Forecasts
10/21/09
Prime Star Group Provides Forecasts - Yahoo! Finance

Prime Star Group Launches Re-Engineered Geyser Product Line
10/19/09
Prime Star Group Launches Re-Engineered Geyser Product Line - Yahoo! Finance

Prime Star Group Subsidiary to Launch Redesigned Pouch
10/16/09
Prime Star Group Subsidiary to Launch Redesigned Pouch - Yahoo! Finance

Prime Star Group's Wild Grill Foods, Inc. Receives Purchase Orders for Over 1.25 Million Dollars of Product From Its 4,000 Customers for Q4 2009
10/14/09
Prime Star Group's Wild Grill Foods, Inc. Receives Purchase Orders for Over 1.25 Million Dollars of Product From Its 4,000 Customers for Q4 2009 - Yahoo! Finance

Skymark Research Initiates Independent Research Coverage On Prime Star Group, Inc.
10/13/09
Skymark Research Initiates Independent Research Coverage On Prime Star Group, Inc. - Yahoo! Finance

Prime Star Group Introduces Arcina Risk Group
10/13/09
Prime Star Group Introduces Arcina Risk Group - Yahoo! Finance

Prime Star Group Launches Its Private P/R Reserve Line of Premium Spirits
10/12/09
Prime Star Group Launches Its Private P/R Reserve Line of Premium Spirits - Yahoo! Finance

Prime Star Group Subsidiary Receives Pre-Orders for Hemp-C Tea
10/09/09
Prime Star Group Subsidiary Receives Pre-Orders for Hemp-C Tea - Yahoo! Finance

Prime Star Group Subsidiary Increases Production Capacity
10/09/09
Prime Star Group Subsidiary Increases Production Capacity - Yahoo! Finance

What Prime Star Group, Inc. is:

Prime Star Group, Inc. (PSGI) is a holding company that focuses on three areas of business:

SmartPaxTM Packaging. Prime Star Group's propietary, safe, unique, efficient and environmentally friendly packaging system stores solids, liquids, ice and beverages of all types - from wine to industrial products. Additionally, SmartPax can be used hot or cold. Our subsidiary Intela-Pac, Inc. builds the machines that make SmartPaxTM, our non-alcoholic and alcoholic beverage producers use this packaging, and our distribution subsidiaries distribute those products to businesses across the country. SmartPax are also used for disaster relief services.

High-Quality Beverages and Foods. Prime Star Group's subsidiary companies produce, market and distribute high-quality products: exclusive wines, healthy teas, adult mixed beverages, healthy flavored waters, and gourmet, all-natural seafood products (including the amazing Lobster Slider). We also co-brand and co-pack existing high-end beverages and private label liquors for large hospitality and entertainment brands.

Distribution. Once products are developed and packaged, they need to get to market. Our subsidiaries distribute into the beverage, food retail, entertainment, hospitality, medical and disaster relief markets. Additionally, our logistics company works with our distributors to ensure the entire supply chain remains efficient.

In addition to our great products and powerful marketing and distribution, we have a seasoned, successful management team that is committed to building great, profitable companies.

Prime Star Group, Inc. will continue to pursue interesting, profitable business opportunities in our areas or expertise.

History
The Company was originally organized on June 1, 1999 as American Career Centers. Inc. On April 2, 2002 we amended our articles of incorporation to charter our name to AMERICAN WATER STAR, INC. On April 3, 2008 the company changed its charter to PRIME STAR GROUP, INC.

Congratulations to all Hideout members that were in our chat room Stock Hideout Video Chat at the opening bell to get todays HOT alert AMNP. If you were able to get in early OR if you got in after the first big pull back then you were rewarded with a .15 to .20 cent gain today as the stock closed up 26%. We will keep AMNP on watch to see if we can test 1.10 to 1.15 in the short term. Make sure you are in our chat room Monday morning for the next Hideout Exclusive play of the day!!

Dont be affraid to brag some about it on this thread ---> http://www.stockhideout.com/off-topi...timonials.html



In addition to AMNP I am also watching the following:

ETRM a continuation play from Tuesdays alerts and after a long fall could hold support at .50 which is key. If we do watch .677 to .70 as resistance 1 and .79 as resistance 2 ahead.



JUNP could be on a bounce play here with resistance at .046 ahead and support at .025 ranges below.



TCHH held .0005 again and could be a nice play going into next week if you can get any shares off the bid side. Resistance at .0007 and .001 ahead.



Big Board Players we posted on FRPT last night and so far it played out well closing at the HOD today. Could see 5.00+ again in the short term. Must hold over 4.20 on any pull back

Daily Market Commentary for November 5, 2009

IMS Health

IMS Health Inc., a health care data company, announced Thursday that TPG Capital and CPP Investment Board would be purchasing the company for $4 billon. (Read more at Millennium-Traders.Com)

Economic data released today:

Nonfarm Productivity:
U.S. 3Q Non-Farm Productivity rose 9.5%; compared to consensus of an increase by 7.0%.

Unit Labor Costs:
U.S. 3Q Unit Labor Costs fell 5.2%; compared to consensus of a decrease by 4.5%.

Initial Jobless Claims:
U.S. Jobless Claims fell 20K to 512K in week of October 31 compared to survey of a decrease by 5K; U.S. Continuing Claims for week of Oct 24 fell 68K to 5,749,000; U.S. Jobless Claims Revised for week of October 24 to 532K from 530K.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit gain 204.35 points, EOD 10,006.49
NYSE (New York Stock Exchange) triple digit gain 119.73, EOD 6,950.16
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 48.61 points, EOD 2,104.13
S&P 500 (SPX) gain 19.19 points, EOD 1,066.49
BEL 20 (BEL20) gain 17.91 points, EOD 2,419.08
CAC 40 (CAC40) gain 38.4 points, EOD 3,708.73
FTSE100 (UKX100) gain 17.75 points, EOD 5,125.64
NIKKEI 225 (NIK/O) shed 80.2, EOD 9,717.44

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 2,488 declined stock prices 594, unchanged stock prices 75, stock prices hitting new highs 86 and stock prices hitting new lows 8. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AEO shed 2.07, HOD 16.47, LOD 15.52, EOD 15.79; CDE gain 0.46, HOD 22.79, LOD 21.61, EOD 22.53; MUR shed 2.46, HOD 63.26, LOD 59.11, EOD 60.81; CF shed 6.49, HOD 81.37, LOD 78.77, EOD 79.90; ALL shed 0.57, HOD 29.31, LOD 27.66, EOD 29.05; CVS shed 7.28, HOD 29.64, LOD 27.38, EOD 28.87; RTP gain 3.35, HOD 192.96, LOD 188.77, EOD 190.57; FAS gain 4.77, HOD 72.00, LOD 67.47, EOD 71.95; MA gain 5.27, HOD 230.26, LOD 224.54, EOD 230.25; EPR shed 1.29, HOD 34.24, LOD 32.56, EOD 33.22; GDP shed 1.56, HOD 26.28, LOD 24.54, EOD 24.85; GS gain 3.90, HOD 173.50, LOD 169.21, EOD 173.40; ESI gain 1.77, HOD 94.75, LOD 91.16, EOD 93.92; AIG gain 3.08, HOD 39.95, LOD 36.88, EOD 39.28.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 2,156, declined stock prices 606, unchanged stock prices 100, stock prices hitting new highs 50 and stock prices hitting new lows 25. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: WFMI shed 4.96, HOD 31.46, LOD 26.83, EOD 27.10; THOR gain 1.84, HOD 30.25, LOD 28.75, EOD 28.83; CECO gain 2.04, HOD 23.07, LOD 21.84, EOD 22.82; AAPL gain 3.22, HOD 195.00, LOD 191.82, EOD 194.03; BIDU gain 9.85, HOD 397.38, LOD 388.73, EOD 396.22; VARI shed 0.46, HOD 51.17, LOD 50.78, EOD 50.87; FSYS gain 10.51, HOD 44.87, LOD 38.47, EOD 44.31; FSLR shed 0.83, HOD 123.70, LOD 119.60, EOD 120.76; GYMB shed 2.12, HOD 43.46, LOD 39.51, EOD 41.41; AMZN gain 3.51, HOD 120.95, LOD 116.25, EOD 120.61.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 356, declined stock prices 188, unchanged stock prices 28, stock prices hitting new highs 5 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1061.50; Change 14.50
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,715.25; Change 28.50
E-mini DOW $5 (YM) Dec 09: EOD 9,947; Change 162
E-mini S&P MidCap 400 (MF) Dec 09: EOD 679.00; Change 11.70
Nikkei 225 (Yen) Dec 09: EOD 9,860; Change 0

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6724 U.S. Dollars 1.4873
Japanese Yen 90.7500 to U.S. Dollars 0.0110
British Pound 0.6030 to U.S. Dollars 1.6584
Canadian Dollar 1.0662 to U.S. Dollars 0.9379
Swiss Franc 1.0160 to U.S. Dollars 0.9843

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) shed $0.78, EOD $79.62 per barrel ($US per barrel)
Heating Oil (December 09) shed $0.03, EOD $2.06 a gallon ($US per gallon)
Natural Gas (December 09) gain $0.06, EOD $4.78 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) shed $0.03, EOD $1.99 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $2.00, EOD $1,089.30 ($US per Troy ounce)
Silver (December 09) gain $0.01, EOD $17.41 ($US per Troy ounce)
Platinum (January 09) shed $6.40, EOD $1,362.90 ($US per Troy ounce)
Copper (December 09) shed $0.04, EOD $2.96 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $1.20, EOD $56.60
Pork Bellies (February 10) shed $3.00, EOD $84.80
Live Cattle (December 09) gain $0.10, EOD $86.35
Feeder Cattle (January 10) gain $0.48, EOD $97.20

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $7.50, EOD $376.50
Soybeans (January 10) shed $27.00, EOD $972.00

BOND MARKET:
2 year EOD 100 7/32, change 1/32, Yield 0.88, Yield change -0.02
5 year EOD 100 6/32, change 7/32, Yield 2.33, Yield change -0.04
10 year EOD 100 26/32, change 0, Yield 3.52, Yield change 0.00
30 year EOD 101 21/32, change 1/32, Yield 4.39, change 0.00

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At .05 this stock is on its way to $10. Check the press release yourself.

Market Wire ***"US Press Releases "

HENDERSON, NV -- (MARKET WIRE) -- 11/05/09 -- American Lithium Minerals Inc. (OTCBB: AMLM) Lithium: An Investment in America's Energy Future - American Lithium Inc. (the "Company") announced today that it has signed a letter of intent to acquire the Green Energy lithium project in Utah . The project consists of mining claims covering an area of approximately 10 square miles (6,000 acres) and is 100% wholly-owned. High demand and low supply has pushed lithium carbonate (Li2CO3) prices to US$6,600.00 per ton, lithium-ion battery demand for hybrid-electric and electric cars is expected to increase four-fold by 2017.

Lithium occurs at the project over an extensive area with values as high as 1,700 ppm lithium (0.9% Li2CO3) in saturated brine. The brine was discovered in the 1960s when oil exploration wells encountered blow-outs drilling into Bed #31 of the Paradox Formation. The pressurized free-flowing brine interrupted drilling operations and was considered a nuisance, rarely chemically analyzed or flow-rate tested. Over twenty oil exploration wells have been drilled on the Green Energy project; five of these wells have analytical data for lithium. Below is a summary of this data:


Well Name Lithium (ppm) Gallons Per Day WC No.2 1,700 491,000 SNG No.1 500 Adjacent to WC No.2 KO No.2 173 3 Miles North of PO No.1 PO No.1 134 1,356,000 BF No.2 81 50,400


Lithium brine mines are more economic to mine and process than conventional open-pit or underground mines. Given the favorable climate of the area, solar evaporation can be used to concentrate the brine to enhance project economics. World-class lithium brine mines range in grade from 150 ppm to 1,200 ppm lithium and employ proven solar evaporation concentration techniques.

The project is currently being evaluated by American Lithium through all available recent and historic exploration drilling logs. A professional engineering firm will be engaged to evaluate drilling data, reservoir potential and extraction methods at the Green Energy project.

While the Company has no reason to doubt the accuracy of the historical results, the data should not be relied upon until confirmed by the Company's own exploration. Historical results and the work that generated them pre-date the enactment of National Instrument 43-101 and accordingly may not meet the requirements of that policy. There are no 43-101 mineral reserves or mineral resources on the Green Energy lithium project. The potential quantity and grade indicated above is conceptual in nature and has been provided only for illustration purposes.

Additionally the company announced an internal reorganization whereby Mr. Hugh Aird , former Vice-Chairman of Merrill Lynch Canada will move from Vice President of Business Development to CEO. "In this capacity, Hugh Aird can better continue to use his contacts and mergers and acquisitions expertise to the full benefit of the exponential growth of American Lithium Minerals ," stated Mr. Matthew Markin , Chairman of the Board. " Judy Baker will continue to concentrate her efforts on development of our premier properties as well as supporting Hugh with our mergers and acquisition plans."

About Lithium

Lithium is used for batteries, specialty glass, lubricants, pharmaceuticals and lithium alloys. Lithium ion (Li-ion) batteries have become the rechargeable battery of choice in cell phones, computers, hybrid-electric cars and electric cars. GM, Ford, Toyota , Dodge, Chrysler , Mitsubishi , Nissan , Tesla, Saturn and Mercedes-Benz have all announced plans to build Li-ion battery-powered cars. Demand for lithium-powered vehicles is expected to increase fivefold by 2012. The domestic automotive industry must secure a lithium source to supply the next generation of hybrid-electric and electric vehicles. Over 60% of cell phones and 90% of laptops use lithium batteries. The worldwide market for lithium batteries is estimated at over $4 billion per year.

About American Lithium Minerals

American Lithium Minerals Inc. is an early stage lithium exploration company engaged in evaluating, developing and acquiring lithium projects, with a focus on the USA .

Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, future prices for lithium carbonate (Li2CO3), that lithium-ion battery demand for hybrid-electric and electric cars is expected to increase four fold by 2012, that demand for lithium-powered vehicles is expected to increase fivefold by 2012, or the existence of any commercially recoverable lithium carbonate on the Green Energy lithium project in Utah .

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission .

To view company profile CLICK HERE

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Mesa Air Group, Inc. and AAR Corp. Agree to Modify Certain Maintenance Support Agreements and Retire Mesa's Senior Convertible Notes Due in 2023 - Yahoo! Finance

Mesa Air Group, Inc. (Nasdaq: MESA) (the "Company") announced today that it has reached an agreement with AAR Corp. ("AAR") in support of the Company's ongoing restructuring efforts. The parties have agreed to amend certain parts and maintenance agreements supporting the Company's CRJ200 & ERJ145 aircraft fleet and exchange Senior Convertible Notes due in 2023 ("2023 Notes") held by AAR for shares of the Company's common stock, in consideration for a cash payment and certain agreed upon future obligations.

(Logo: http://www.newscom.com/cgi-bin/prnh/19990210/LAW065)

Modification of Parts and Maintenance Agreements

The parties have agreed to certain amendments to the parts and maintenance agreements which allow the Company to reduce monthly fees paid under such agreements as the number of aircraft in its CRJ200 & ERJ145 fleet is decreased. Additionally, these amendments enable the Company to terminate the respective parts and maintenance agreements without penalty, if it disposes of an entire aircraft type.

Exchange of 2023 Notes for Common Stock

AAR has also agreed to exchange its 2023 Notes with aggregate principal amount at maturity of $6.1 million for 15 million shares of the Company's common stock. Following the closing of this transaction, the Company will have 175,217,249 shares outstanding. After giving effect to this transaction, the Company will have outstanding $15.6 million in aggregate principal amount at maturity of 2023 Notes. The issuance of the common stock in the exchange, which is expected to close on or about November 4, 2009, is exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 3(a)(9) and Section 4(2) thereof.

"Our agreement with AAR provides much needed flexibility to Mesa as we restructure the composition of our fleet and continue to find ways to increase cost efficiency. We thank AAR for its continuing support and service provided to the Company. We are also pleased to have retired an additional $6.1 million of our 2023 Notes," said Jonathan Ornstein, Chairman and CEO of Mesa Air Group, Inc.

Mesa currently operates 136 aircraft with approximately 800 daily system departures to 126 cities, 40 states, Canada, and Mexico. Mesa operates as Delta Connection, US Airways Express and United Express under contractual agreements with Delta Air Lines, US Airways and United Airlines, respectively, and independently as Mesa Airlines and go!. In June 2006 Mesa launched inter-island Hawaiian service as go!. This operation links Honolulu to the neighbor island airports of Hilo, Kahului, Kona and Lihue. The Company, founded by Larry and Janie Risley in New Mexico in 1982, has approximately 3,700 employees and was awarded Regional Airline of the Year by Air Transport World magazine in 1992 and 2005.

http://www.mesa-air.com

SOURCE Mesa Air Group, Inc.

Oil prices dipped below $80 a barrel Thursday in Asia as the U.S. dollar strengthened.

Benchmark crude for December delivery was down 60 cents to $79.80 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract added 80 cents to settle at $80.40 on Wednesday.

Crude has traded near $80 a barrel for the last few weeks as investors watch a volatile dollar and mixed signs on the strength of the U.S. economy. Oil has jumped from $32 in December as traders have used crude and other commodities as a hedge against a weakening dollar and inflation.

The euro slipped to $1.4834 on Thursday in early Asian trading from $1.4872 the previous day.

U.S. crude inventories unexpectedly fell last week, a sign demand could be improving. The Energy Information Administration said Wednesday that crude stocks fell 4 million barrels while analysts had expected a rise of 1.3 million barrels, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

"Very slowly, the imbalances in the U.S. oil market have been sorting themselves out," Barclays Capital said in a report. "A key part of that adjustment has been the winnowing away of the overhang of inventories."

Barclays expects oil prices to average $76 a barrel in the fourth quarter and $85 next year.

In other Nymex trading, heating oil fell 1.55 cents to $2.07 a gallon. Gasoline for December delivery dropped 1.36 cents to $2.00 a gallon. Natural gas for December delivery rose 1.00 cent to $4.74 per 1,000 cubic feet.

In London, Brent crude for December delivery fell 54 cents to $78.35 on the ICE Futures exchange.

Forex Trader Note: We have to be looking at the short side of Eur/Usd overnight, now that S&P futures took the elevator down at the close. If 1.4860 goes, (the 20-day SMA) then by the time Jean Claude Trichet announces ECB rates on Thursday, the 50-day SMA may be in play at 1.4685. That is if global equities take the cue that a 1.5% tumble in 30 minutes equals stock jitters. S&P gave it back, and it will be interesting to see whether the market wants to do the same with euro. FOMC held U.S. interest rates, and offered a stable outlook on forward growth, but still remained bearish on interest rates. We will look to trade the S&P/Usd link, of stocks up = dollar down and vice versa, until the expansion phase hits the global business cycles.

Lots and targets: The near-term trends are completely mixed, as the market holds fair value on risk. Most pairs are at last week’s closing prices

Red Flag Economics:
19:30 EST Aud Retail Sales Exp -2,13B, Prev -1.52B
07:00 EST Gbp Interest Rate Exp 0.50%, Prev 0.50%
07:45 EST Eur Interest Rate Exp 1.0%, Prev 1.0%
08:30 EST Eur Press Conference
08:30 EST Cad Build. Permits Exp 1.4%, Prev 7.2%
08:30 EST Cad Ivey PMI Exp 60.1, Prev 61.7

Dollar Index: The 76.00 area now becomes the swing-point for the dollar index. A four hour close above/below that price point signals which way the market is willing to test the value of the Usd. Swing Point: 76.40

S&P Futures: The 1050 area on the S&P is the near-term top, with a 1065 limit that may see things retreat heavily from. The 1037 area is the swing point to work up and down from at this time. Swing Point: 1037

Crude Oil: 80.45 is the topside number on crude oil trade, and if that hits the dollar will be going lower by default, with 81.75 above that. There is a lot of noise at the 78.65 area, with solid support at 77.50. Swing Point: 78.55

Gold Bullion: 1075 on gold trade will be the swing point area, and that will likely catch the reversal of any long tests of 1095. The short side is protected by 1065. Swing Point: 1075

Equity Futures: Dow -14.00. S&P -1.70. NASDAQ -3.25. Japanese Nikkei -10.00. German Dax -47.00
Stock markets were again trading mixed during the Asian session. The Japanese Nikkei was declining at the start of the session by 112 points and the Australian S&P/ASX was gaining 5 points. The export sectors were leading the declines. More stocks on the Nikkei 225 have declined than advanced. Electronics maker Sanyo has dropped nearly 20 percent.
The Bank of Japan has released the meeting minutes from the last monetary policy meeting. Board members have stated that they plan to keep interest rates low even as emergency programs that have been used to help provide corporate funding begin to end. On October 30 the bank decided to close the program of purchasing corporate debt during the month of December.
The trade deficit in Australia has widened less than analysts had forecasted during September. The surge in exports such as coal and gold helped to offset the gains in imports for the country. The increase seen adds fuel to the fact that there is evidence of the global economy recovering from the recession. The stronger demand for natural resources from China has also help exports gain.

S&P Technical View: TheLFB Member Charts
Daily chart trend: Long. Main price points: 1080-1100. Looking for: Wave 5 or C top
The price structure on the daily chart is showing two valid scenarios. On the left side of the chart below, it shows an impulse structure with five waves up from the 665 lows to the current highs. If this is the case, the wave 4 discussed on the weekly chart, below, will be rejected, since the fourth wave is a corrective wave, which means it cannot be sub-divided by a five wave move. However, in this scenario, a three wave push lower into a corrective blue wave 2, with a targets somewhere around 950 area is expected.
On the right side of the chart, we have a different picture, with a wave count that with a zig-zag correction, which is valid for a wave 4 scenario. In this case lower blue wave 5 will follow.
Overall, the current price structure signals for a coming turning point with at least three wave push lower over the coming weeks, since the market is trading around the top of wave 5 or wave C leg.
Overnight, the Japanese Nikkei shed 112.03 points (-1.14%) to 9,732.28. The Australian S&P/Asx was advancing 5.00 points (0.11%) to 4,545.10.
The MSCI Asia Pacific Index has gained 1.07 points or 0.93 percent during the session.
Crude oil was recently trading at $80.15 per barrel, lower by $0.25. Oil has been trading within a 6 point range for several weeks. Support is seen near the 76 area while resistance, which the pair is quickly approaching, is at the 82 level.

Crude oil Technical View: TheLFB Member Charts
Daily chart trend: Long. Main price points: 68.00, and 82. Looking for: Wave V top
Oil has made the latest top around the 82.00 zone, very close to the Fibonacci resistance levels shown between 83 and 84. Volume has not been strong over the last ten days, and the MACD is showing bearish divergence. All these reads are characteristics of a wave V move, which is the final sub-wave of a black wave 1), and is indicative of a reversal set-up, in this case, short.
Gold was recently trading higher by $4.30 to $1,091.60. The precious metal has been on a tear recently. The 1100 area for the commodity is acting as resistance while support for the metal has been seen at 1080.

Gold Technical View: TheLFB Member Charts
Daily chart trend: Long. Main price points: 1026.40, and 1100. Looking for: Wave III top
On the daily gold chart, the market has broken through the 1070 wave 3) top, after hitting the 1026 wave 4) bottom around the bullish trend line. This break has put wave 5) in progress, which has already reached the first target at the 1090 area as discussed last week.
Once wave 5) of an extended b

Currency Pair Overview:
Major Pairs Near Major Moving Averages
Overall, most of the major pairs spent the Asian session trading near their major moving averages. During the session, Japan released their monetary policy meeting minutes where the bank pushed for better corporate funding support. Also, from Australia came the trade balance report which showed that the trade deficit widened less than forecasted.

Dollar Index Technical View: TheLFB Member Charts
Daily chart trend: Short. Main price points: 75.00. Looking for: Ending diagonal
Prices on the dollar index daily chart were threatening the upper line of an ending diagonal, where a break-out will confirm that the bottom is in place. In this case a retracement into the red wave IV area will be expected, while the current lows around the 75.00 zone must hold. The price action on Wednesday, as stocks moved all over the charts, will only add to the volatility in these moves.
The RSI indicator is showing a bullish divergence, which also indicates a change in trend direction.
The euro (Eur/Usd 1.4890) is finding the 20 day moving average at 1.4864 as support during the new session. The pair bounced off the 50 day recently after finding more support. This helps give the pair the go ahead to move higher and will need to use this momentum to break above the 1.5060 area.
The pound (Gbp/Usd 1.6595) has been trading in a relatively tight range during the Asian session. The pair closed the day with over a 130 pip increase. Resistance was seen at the 1.6600 area which stopped the pair from moving higher five days ago while 3 of the main moving averages will act as support.
The aussie (Aud/Usd 0.9135) has again been rejected from the 20 day moving average at 0.9137. The pair is declining slightly during the overnight session and will see minor support at the neutral swing point at 0.9065.
The cad (Usd/Cad 1.0610) After falling below the 50 day moving average yesterday the cad has not managed to make a significant break in either direction. The pair has the 20 day moving average at 1.0530 to act as support.
The swissy (Usd/Chf 1.0140) has fallen below the 20 day moving average during the US session and has not even attempted to move back above it during the Asian session. The pair has slight support at 1.0120 while resistance is firmly settled at 1.0340.
The yen (Usd/Jpy 90.70) has had a semi-volatile session. The 50 day moving average at 90.90 blocked the pair from moving higher while the 20 day moving average moves into the same area. The 20 day moving average will be seen as resistance during the session.

EURUSD
EURUSD closed @ 14865 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Tgt 2 and the Low was 5 pips from Precise Trader’s Sup Zone 1. The Hourly Oscillators are Bullish and the price is Above the MA, so the Bears have to be sidelined. Hourly Trend is Sideways Down while 14925 holds and Daily Trend is Sideways while 15065 holds, so expect the price to make Higher Highs but the Upside may be limited. The Price closed just shy of the Res U Turn Zone 5 but the bulls gave up mildly towards the close .The Hourly trend is creeping lower and we have reasons to believe the top may have been seen, 14900-25 are the critical levels to watch to maintain the bearish outlook . On the 5 min is Choppy , along the gradual Down Channel and the price patterns are suggesting lower provided 14865-14905 is not breached . ECB rate announcement today.
BULLS: 14810 14765 14735 BEARS: 14860 14905 14955
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 14860 with a tight stop with a 50 pips price target.
GBPUSD
GBPUSD closed @ 16560 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Zone 5 (U Turn Zone) and the Low was PRECISELY at Precise Trader’s Sup Zone 1. The Hourly Oscillators are Turning Bearish and the price is Converging towards the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 16605 holds and Daily Trend is Sideways while 16695 holds, so expect the price to be Choppy with a Downside bias. The Price closed above the Res Zone 1 but the bulls gave mildly towards the close. The Hourly is creeping lower and we have reasons to believe the top may have been seen , 16575-16605 are the critical levels to watch to maintain the bearish outlook. On the 5 min is Choppy and the price patterns are suggesting lower provided 16575-16605 is not breached . BOE rate announcement today.
BULLS: 16475 16405 16340 BEARS: 16575 16605 16640
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 16575 with a tight stop with a 50 pips price target.
USDJPY
USDJPY closed @ 9075 which was ABOVE the open and breached the previous day’s high. The High was 5 pips from Precise Trader’s Hrly Level and the Low was PRECISELY at Precise Trader’s Sup Zone 1. The Hourly Oscillators are Turning Bearish and the price is Below the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 9130 holds and Daily Trend is also Sideways Down while 9250 holds, so expect the price to make Lower Lows. The Price closed above the Res Zone 1 ,the bulls gave up mildly towards the close . The Hourly is creeping lower and the top may have been seen , the price should not trade above 9080-9130 to maintain the bearish outlook. On the 5 min is along the steep Down Channel and the price patterns are suggesting lower while 9080-9130 is not breached.
BULLS: 9005 8965 8920 BEARS: 9080 9145
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 9065 with a tight stop with a 50 pips price target.

USDCHF
USDCHF closed @ 10165 which was BELOW the open and breached the previous day’s low. The High was 5 pips from Precise Trader’s Res Zone 1 and the Low was 5 pips from Precise Trader’s Sup Zone 5 (U Turn Zone). The Hourly Oscillators are Bearish but Weak and the price is Below the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Turning Up while 10095 holds and Daily Trend is Sideways while 10030 holds, so expect the price to make Lower Lows but the Downside may be limited. The Price has closed below the Sup Zone 1 but bears gave up mildly towards the close. The Hourly trend is in a Range trading but we believe the low may have been seen,10095-30 are the critical levels to watch to maintain the bullish outlook. On the 5 min is Choppy but along the Horizontal Channel and the price patterns are suggesting the low may have been seen.
BULLS: 10120 10095 BEARS: 10235 10310
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : LONG @ the Break 10215 with a tight stop with a 50 pips price target.
AUDUSD
AUDUSD closed @ 9105 which was ABOVE the open and breached the previous day’s high. The High was PRECISELY at Precise Trader’s Res Zone 5 (U Turn Zone) and the Low was 15 pips from Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 9150 holds and Daily Trend is Sideways while 9335 holds, so expect the price to make Lower Lows. The Price has closed above the Res Zone 1 , the bulls gave up mildly towards the close. The Hourly is creeping lower but we believe the high may have been seen , the price should not trade above 9120-50 to maintain the bearish outlook. On the 5 min is along the gradual Down Channel and the patterns are suggesting lower while the 9120-9150 is not breached.
BULLS: 8970 8865 BEARS: 9090 9140
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : LONG near 9100 with a tight stop with a 50 pips price target.
USDCAD
USDCAD closed @ 10630 which was BELOW the open and breached the previous day’s low. The High was PRECISELY at Precise Trader’s Res Zone 1 and the Low was 10 pips from Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bullish and the price is Below the MA, so the Bears have to be CAUTIOUS. Hourly Trend is Turning Up while 10570 holds and Daily Trend is Sideways while 10405 holds, so expect the price to be Choppy with a Upside bias. The Price has closed exactly at the Sup Zone 1 and bears gave up mildly towards the close . The Hourly is in a Range trading but we believe the low may have been seen , the price should not trade below 10595-70 levels to maintain the bullish outlook. On the 5 min is choppy but along the Horizontal Channel and the price patterns suggesting higher on the break of 10690 provided the low 10615-10595 is not breached .
BULLS: 10615 10595 10520 BEARS: 10690 10740 10875
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : LONG near 10615 with a tight stop with a 50 pips price target.

EURJPY
EURJPY closed @ 13490 which was ABOVE the open and breached the previous day’s high. The High was 5 pips from Precise Trader’s Res Tgt 3 and the Low was PRECISELY at Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 13575 holds and Daily Trend is also Sideways Down while 13785 holds, so expect the price to be Choppy with a Downside bias. The Price has closed above the Res U turn Zone 5 but the bulls gave up mildly towards the close . EUR is Flat with a Weak bias and JPY is Strong , so both cross should drag EURJPY lower . The Hourly trend is creeping lower and we believe the high may have been seen , the price should not trade above 13525-75 to maintain the bearish outlook . On the 5 min is choppy but along the gradual Down Channel and patterns are suggesting lower while 13525 is not breached. ECB rate announcement today.
BULLS: 13340 13270 13170 BEARS: 13455 13495
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 13455 13525 with a tight stop with a 50 pips price target.
GBPJPY
GBPJPY closed @ 15030 which was ABOVE the open and breached the previous day’s high. The High was 30 pips from Precise Trader’s Res Tgt 3 and the Low was PRECISELY at Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 15090 holds and Daily Trend is also Sideways Down while 15330 holds, so expect the price to be Choppy with a Downside bias. The Price has closed just above the Res U Turn Zone 5 and the bulls gave up mildly towards the close. GBP is Weak and JPY is Strong , so both the cross should drag GBPJPY lower .The Hourly trend is creeping lower and we believe the high may have been seen , the price should not trade above 14995-15090 to maintain the bearish outlook . On the 5 min is along the steep Down Channel and patterns are suggesting lower while 14995-15055 is not breached. BOE rate announcement today.
BULLS: 14885 14815 14760 BEARS: 15000 15065 15140
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 15000 15050 with a tight stop with a 50 pips price target.
AUDJPY
AUDJPY closed @ 8260 which was ABOVE the open and breached the previous day’s high. The High was 10 pips from Precise Trader’s Res Tgt 3 and the Low was 10 pips from Precise Trader’s Sup Tgt 1. The Hourly Oscillators are Turning Bearish and the price is Within the MA, so the Bulls have to be CAUTIOUS. Hourly Trend is Sideways Down while 8320 holds and Daily Trend is also Sideways Down while 8530 holds, so expect the price to be Choppy with a Downside bias. The Price has closed exactly at the Res U Turn Zone 5 with the bulls gave up mildly towards the close . AUD is Weak and JPY is Strong , so both the cross should drag AUDJPY lower. The Hourly is creeping lower and we believe the high may have been seen, the price should not trade above 8285-83255 to maintain the bearish outlook. On the 5 min is along the steep Down Channel and the patterns are suggesting lower while 8235-85 is not breached.
BULLS: 8130 8085 8025 BEARS: 8235 8305
Conservative Traders: SIDELINED or strictly trade only at Precise Trader’s Report Levels.
Aggressive Traders : SHORT near 8235 8285 with a tight stop with a 50 pips price target.

EUR/USD
Today’s support: – 1.4760, 1.4726, 1.4692 and 1.4672(main), where correction is possible. Break would give 1.4648, where correction also may be. Then follows 1.4623. Break of the latter would result in 1.4598. If a strong impulse, we would see 1.4580. Continuation will give 1.4548.
Today’s resistance: - 1.4874 and 1.4918(main). Break would give 1.4933, where a correction is possible. Then goes 1.4950. Break of the latter would result in 1.4974. If a strong impulse, we’d see 1.5003. Continuation will give 1.5028.
USD/JPY
Today’s support: – 89.95(main). Break would bring 89.78, where correction is possible. Then 89.57, where a correction may also happen. Break of the latter will give 89.26. If a strong impulse, we would see 89.12. Continuation would give 88.78 and 88.52.
Today’s resistance: – 90.79, 90.97 and 91.42(main), where a correction may happen. Break would bring 91.80, where also a correction may be. Then 92.07. If a strong impulse, we would see 92.28. Continuation will give 92.44.
DOW JONES INDEX
Today’s support: – 9807.14(main), where a delay and correction may happen. Break of the latter will give 9780.36, where correction also can be. Then follows 9759.31. Be there a strong impulse, we would see 9736.77. Continuation will bring 9714.38.
Today’s resistance: – 9940.42(main), where a delay and correction may happen. Break would bring 9965.56, where a correction may happen. Then follows 9976.40, where a delay and correction could also be. Be there a strong impulse, we’d see 9990.18. Continuation would bring 10007.88.

DRLY chart to radar

Toreador Resources Corporation operates as an independent international energy company. The company engages in the acquisition, development, exploration, and production of crude oil. It holds interests in developed and undeveloped oil properties in France. Toreador Resources primarily focuses on the Paris Basin Oil Shale. The company was formerly known as Toreador Royalty Corporation and changed its name to Toreador Resources Corporation. Toreador Resources was founded in 1951 and is headquartered in Paris, France.
Technically, TRGL has been showing support around $6.66 and resistance in the $10.97 range. The buy rating is set to 6.5 today with the $13.66 target price in short term.
9Trading -Technical Analysis,Top Stock Picks and Ratings,Amibroker Formulas

CHBO nice bounce today, many people playing this and profiting from the chat room call. Here is a chart below for monitoring

Daily Market Commentary for November 4, 2009

Time Warner

Time Warner Inc. reported Wednesday that earnings fell 38% in the third-quarter; however the company beat Wall Street’s expectations and raised its full year earnings forecast. (Read more at Millennium-Traders.Com)

Economic data released today:

MBA [Mortgage Bankers Association] Mortgage Applications:
U.S. MBA Market Index rose 8.2% at 608.3 compared to last week 562.3; U.S. MBA Purchase Index fell1.8% at 250.3; compared to last week 254.9; U.S. MBA Refinance Index rose 14.5% At 2693.7; last week 2352.5.

ADP Nonfarm Employment Change:
ADP sees October U.S. Private Sector Jobs -203,000; ADP October U.S. Private Sector Jobs Expected -203,000.

ISM [Institute for Supply Management] Non-Manufacturing Index:
U.S. ISM October Non-Manufacturing Prices Index 53.0 versus September 48.8; U.S. ISM October Non-Manufacturing PMI 50.6 versus September 50.9; U.S. ISM October Non-Manufacturing PMI Expected 52.0; U.S. ISM October Non-Manufacturing Business Index 55.2 versus September 55.1; U.S. ISM October Non-Manufacturing Employment Index 41.1 versus September 44.3; U.S. ISM October Non-Manufacturing Prices Index 53.0 versus September 48.8; U.S. ISM October Non-Manufacturing New Orders Index 55.6 versus September 54.2; U.S. ISM: Respondents 'mostly cautious' about business conditions.

Crude Oil Inventories provided by DOE [Department of Energy]:
U.S. Crude Oil Stockpiles -3.936 Million Barrels at 335.914 Million Barrels; U.S. Crude Oil Stockpiles -3.936 Million Barrels in week; was seen increasing by 1.4 Million Barrels; U.S. Gasoline Stockpiles -0.287 Million Barrels at 208.277 Million Barrels; U.S. Gasoline Stockpiles -0.287 Million Barrels in week; was seen decreasing by 0.1 Million Barrels; U.S. Distillate Stockpiles -0.378 Million Barrels at 167.376 Million Barrels; U.S. Distillate Stockpiles -0.378 Million Barrels in week; was seen decreasing by 1 Million Barrels; U.S. Refineries Ran at capacity 80.6% versus 81.76% week ago; U.S. Refineries Ran at 80.6%; was seen 81.70%.

Federal Open Market Committee [FOMC] Interest Rate Decision:
Fed keeps fed funds range unchanged at 0.0% to 0.25%; fed leaves discount rate unchanged at 0.5%; economic activity has continued to pick up; economic activity likely to remain weak for some time; household spending seems to be expanding; conditions In financial markets ' roughly unchanged'; activity in housing sector has recently increased; spending constrained by job losses, tight credit; businesses still cutting back on fixed investment; businesses making progress on inventory stocks; inflation will remain subdued for some time; sees exceptionally low rate levels for extended period; will purchase about $175B of agency debt; new agency debt amount lower than initially announced; will gradually slow pace of agency debt, MBS purchases.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain 23.57 points, EOD 9,795.48
NYSE (New York Stock Exchange) gain 17.75, EOD 6,830.43
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 2.87 points, EOD 2,054.45
S&P 500 (SPX) gain 0.09 points, EOD 1,045.50
BEL 20 (BEL20) gain 50.08 points, EOD 2,401.17
CAC 40 (CAC40) gain 86.08 points, EOD 3,670.33
FTSE100 (UKX100) gain 70.68 points, EOD 5,107.89
NIKKEI 225 (NIK/O) gain 47.2, EOD 9,844.31

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,646 declined stock prices 1,439, unchanged stock prices 70, stock prices hitting new highs 56 and stock prices hitting new lows 8. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: MA gain 5.78, HOD 228.79, LOD 220.11, EOD 224.98; DVA gain 3.52, HOD 59.93, LOD 56.09, EOD 57.92; CRL shed 3.09, HOD 35.78, LOD 33.00, EOD 34.01; FAS shed 2.39, HOD 73.18, LOD 66.90, EOD 67.22; RHB gain 5.43, HOD 25.50, LOD 21.38, EOD 24.38; CME shed 4.88, HOD 304.44, LOD 295.65, EOD 296.68; GS shed 2.11, HOD 174.60, LOD 169.02, EOD 169.50; INT shed 0.46, HOD 56.37, LOD 51.10, EOD 51.66.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,087, declined stock prices 1,662, unchanged stock prices 101, stock prices hitting new highs 51 and stock prices hitting new lows 41. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: STEC shed 9.01, HOD 16.26, LOD 14.04, EOD 14.14; TRLG shed 6.49, HOD 23.75, LOD 20.03, EOD 20.07; AAPL gain 2.06, HOD 193.85, LOD 190.23, EOD 190.81; GRMN shed 4.57, HOD 33.23, LOD 26.54, EOD 26.84; MXWL shed 2.67, HOD 17.28, LOD 14.30, EOD 16.29; BIDU gain 3.33, HOD 392.00, LOD 385.00, EOD 386.37; FSLR shed 2.92, HOD 127.10, LOD 121.00, EOD 121.59; WYNN shed 0.86, HOD 57.60, LOD 55.06, EOD 55.27; BGFV gain 0.41, HOD 16.78, LOD 15.86, EOD 15.91.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 270, declined stock prices 241, unchanged stock prices 51, stock prices hitting new highs 12 and stock prices hitting new lows 6.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1044.75; Change 3.00
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,679.75; Change 4.25
E-mini DOW $5 (YM) Dec 09: EOD 9,766; Change 49
E-mini S&P MidCap 400 (MF) Dec 09: EOD 666.40; Change -1.80
Nikkei 225 (Yen) Dec 09: EOD 9,845; Change 35

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6729 U.S. Dollars 1.4862
Japanese Yen 90.6000 to U.S. Dollars 0.0110
British Pound 0.6038 to U.S. Dollars 1.6562
Canadian Dollar 1.0637 to U.S. Dollars 0.9401
Swiss Franc 1.0156 to U.S. Dollars 0.9846

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $0.80, EOD $80.40 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.02, EOD $2.09 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.20, EOD $4.73 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) gain $0.01, EOD $2.01 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $2.10, EOD $1,087.00 ($US per Troy ounce)
Silver (December 09) gain $0.22, EOD $17.40 ($US per Troy ounce)
Platinum (January 09) gain $13.10, EOD $1,369.30 ($US per Troy ounce)
Copper (December 09) gain $0.04, EOD $2.99 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $0.25, EOD $57.80
Pork Bellies (February 10) shed $1.35, EOD $87.80
Live Cattle (December 09) gain $0.55, EOD $86.25
Feeder Cattle (January 10) gain $1.43, EOD $96.70

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed $6.00, EOD $384.00
Soybeans (January 10) shed $11.50, EOD $999.00

BOND MARKET:
2 year EOD 100 6/32, change 1/32, Yield 0.90, Yield change -0.01
5 year EOD 100 2/32, change 0, Yield 2.35, Yield change 0.00
10 year EOD 100 26/32, change -14/32, Yield 3.52, Yield change 0.05
30 year EOD 101 1/32, change -1 21/32, Yield 4.43, change 0.10

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Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com

JVDT NEWS...

Closed at 0.14 +600%, last time it had news like this it went to $1.25. Low share structure as well, 75M A/S, 22M O/S.

Nov 4, 2009 13:24:09 (ET)


SAN FRANCISCO, CA, Nov 04, 2009 (MARKETWIRE via COMTEX) -- San Francisco based Java Detour, Inc. (PINKSHEETS: JVDT) announced today that it has executed a Co-Branding Agreement and a Reciprocal Development Agreement with Mrs. Fields Famous Brands, LLC, franchisor of over 1,200 Mrs. Fields Cookies and TCBY yogurt stores. The new partnership allows current and future franchisees of Mrs. Fields, TCBY and Java Detour to open franchise stores that promote and sell all three brands in the same location. The first tri-branded store offering Java Detour coffees, Mrs. Fields cookies and TCBY yogurts opened at the Flamingo Hotel and Casino in Las Vegas on October 3, 2009. A second Java Detour/Mrs. Fields store will open this month at 39th Street and 3rd Avenue in New York City.

Java Detour, Inc. (the "Company") also announced that its board of directors has appointed Harry R. Kraatz as Chairman of the Board and Chief Executive Officer. Mr. Kraatz was previously the Company's Chief Restructuring Officer. Michael Binninger, the Co-Founder of Java Detour and a Board member, will continue as President and Chief Operating Officer.

"We believe this new partnership with Mrs. Fields and TCBY significantly strengthens Java Detour's intrinsic value and positions Java Detour to dramatically grow its franchise business and aggressively move Java Detour forward," said Kraatz.

"This partnership is significant because we feel the combination of these three brands creates a strong franchise model with large growth potential. All three brands have excellent products that complement each other and drive sales during different times of the day," stated Michael Binninger. "Opening the first tri-brand store at the Flamingo Hotel allows us to showcase the tri-brand concept to thousands of customers and potential franchisees. The strong sales numbers from this first tri-branded store are very encouraging."

"This partnership was of particular interest to Mrs. Fields as we've been aggressively looking for ways to expand our footprint beyond the traditional mall based store. With Java Detour as our partner, our options for real estate increase and the addition of their great products will help our franchisees increase sales particularly in the mornings," explained Michael Ward, Co-CEO of Mrs. Fields Famous Brands. "Whenever our franchisees can realize new cost efficiencies and increase revenue by offering a more complete product line up, we feel strong about their position in the market place."

As previously announced, the Company is still in the process of restructuring its balance sheet, attempting an out-of-court reorganization and developing a revised business plan. The Company has been immersed in reorganization related matters and has not yet filed its Annual Report on Form 10-K for the year ended December 31, 2008 nor has it filed its Quarterly Reports on Form 10-Q for the quarters ending March 31, 2009 and June 30, 2009. During the year ended December 31, 2008 and for the first three Quarters of 2009, the Company suffered recurring losses. The Company has re-engaged the auditing firm of Farber, Haas Hurley to audit its 2008 financial statements.

The Company's largest secured creditor continues to forbear and remains committed to facilitate attempts to successfully complete the Company's restructuring and recapture shareholder value. There can be no assurance that the Company will be successful with its reorganization attempt or continue operations in its present form. The Company continues to need additional funding to continue operations.

About Java Detour

Java Detour(R) is a gourmet coffee roasting company and operator and franchisor of upscale retail coffee stores. Started in 1994, Java Detour has 22 stores, 13 of which are operated by franchisees. Java Detour stores are located in California, Nevada, Minnesota, Wisconsin and Dublin, Ireland. The company expects to open additional stores in 2009 in the United States and overseas. Java Detour stores sell the world's finest gourmet coffees globally sourced and micro-batch roasted domestically by our highly trained roast masters. Java Detour stores also sell delicious 100% natural fruit smoothies, industry leading frozen blended coffee drinks, freshly baked pastries and freshly prepared breakfast sandwiches and paninis from retail stores that specialize in premium quality, and fast and friendly service. For more information, please visit our website at Coffee Store Franchise – Buy Fine Gourmet Coffee from leading Coffee Store in California .

About Mrs. Fields Famous Brands

Mrs. Fields Famous Brands, LLC's subsidiaries include franchisors of the Mrs. Fields Cookies(R) and TCBY(R) franchise systems, which have more than 1,200 franchised and licensed locations worldwide. Mrs. Fields Famous Brands, LLC is headquartered in Salt Lake City, Utah. Debbi Fields opened her first store in Palo Alto, California in 1977 and the Mrs. Fields name quickly became associated with warm, freshly baked cookies right out of the oven. Today, Mrs. Fields products are available at over 400 retail locations in the United States, nearly 100 locations internationally and online through Mrs Fields Gourmet Cookies, Gift Baskets, Get Well & Thank You Gifts. TCBY has been a frozen yogurt innovator since 1981. With more than 800 locations both in the United States and internationally, TCBY has long been a healthier alternative for consumers looking for a treat or snack. To visit TCBY's Web site, please go to TCBY .

.buying swing +QZNWB AMZN 110 Nov puts at 1.69 area reentering a bearish stance on AMZN .

USPS announces they've teamed up with Purdue to design Green Machine scooter- unlimted potential.
Link below:
Market Watch greenfaucet

Exciting- green and functional

.selling swing +AJLKV OVERSIZED at .47 flat AAPL 210 Nov Calls. the entry from earlier today at .45 I am selling flat now that the market is showing a sell the news type of senerio . I think im being shaken here on AAPL and hate selling but I will be ready to renter AAPL fast if need be on the strength I think she will show and next time around will make the position 2x oversized. Again after last weeks options bloodbath I am being much more careful.

.selling swing YRCW at 1.24 flat from todays entry at 1.25. I am only selling the position from todays entry and will continue watching her closely for strength to reemerge. This could be nothing but a shake but 1.25 is the line I wanted to see held.

Breaking new ground breaking product- Green Machine Scooter- Leader in Winter sport industry- undervalued- low float- win all the way around.

So who wouldn’t want to have up to 40% more traction in their snowmobile?? If the product is affordable at $500 or less and the company manages to get 300,000 orders out of the 1.6 mil registered vehicles, that would be $150 mil in revenue with this product alone (no ski sales)!! Take that $150 mil and divide by the number of authorized shares (50 mil) and you arrive at the target price appreciation of $2.00 - $2.50 with no forward P/E and a very conservative assumption in sales for what seems to be the 4 wheel drive innovation in snowmobiles!
LAFAYETTE, Ind. , Oct. 8 /PRNewswire-FirstCall/ -- Ultimate Sports, Inc. (USPS), a manufacturer and supplier to the recreational vehicle industry, announced today that the company's Chairman, Dr. Martin Maassen, has prepared a statement containing a series of updates surrounding Ultimate Sports.
Dr. Maassen states, "Ultimate Sports has had a productive year. The combination of new innovations and sales of our award-winning X2 Triple Threat Skis have made for a year filled with progress and revenue.
"Weather experts are forecasting increased snowfall this winter which will propel sales of USI's products. Years with greater snowfall have generally produced a 20-30% increase in sales. Major snowmobile manufacturers are also gearing up for an expected banner year.
"I am pleased to share with you that work steadily continues on perfecting the new track assist unit. We anticipate that the units will be ready for a mid-season release to the market. The units will retail for around $199 per kit, and we plan to sell at least 5,000 kits per year.
"I am also delighted with the progress of our Green Vehicle which we expect to introduce in the spring of 2010.
"Our representatives are busy at trade shows across the country promoting our product lines. It is evident that trade shows give our sales a boost, mainly due to the opportunity for on-the-spot product inspection and the chance to ask questions of our ski equipment experts.

The aggressive sport rider will want to check the X@ Triple Threat design with interchangeable fin design. According to USI, you can actually fine tune the ski by changing the front and rear ‘Sno-Eater” fins. Aftermarket Ski Options
October 21, 2009 “Kevin Metheny, President of Ultimate Sports, states, “We are in the midst of finalizing negotiations with this snowmobile manufacturer. This potential contract means we will be producing tens of thousands of award-winning skis and selling them to the major snowmobile manufacturer, thus greatly increasing our revenue.”
Also, in a previous PR: “Ultimate Sports, Inc, announces negotiations between Stud Boy and Polaris Industries.”
Polaris Industries (a billion dollar company was recently upgraded by Citigroup)
Ultimate Sport is a leader in it industry based on consumer reviews-
TY 4 Stroke - Totallyamaha :: View topic - USI X2 Triple Threat - Lovers? Haters?...

Ultimate Sports, Inc. previews new snowmobile track system. “Floatation take off will increase by 15% to 35%; corner control by 10% to 25%. Overall grip increase will be between 20% and 40%, depending upon the snowmobile and application it is used on. According to the International Snowmobile Manufacturers Association, over $28 billion in economic activity occurred in North America related to snowmobiling in the 2008-2009 season. In addition, 1,652,642 snowmobiles were registered in the United States in 2009; up 1% over 2008.”

AVXT is running up nicely and expecting to go higher :)

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.adding swing YRCW at 1.25 area OVERSIZED I am doubling the money allocation on this one averaging down as multiday buy signals clear on my formulas and a strong bounce should be seen for a partial gap cover. targeting 2.20 area on a bounce. thats a very aggressive bounce possibility .

.buying swing +AJLKV OVERSIZED at .46 area AAPL 210 Nov Calls . AAPL has covered its full gap after what was blow out Es and now that the market is taking on a bullish tone she should regain momentum. I do not expect the word EXTENDED to be removed from the fed language today with unemployment rising so will focus bullishly .

Hot trading alert coming in our chat room right at the market open at 9:30 am EST TODAY Wednesday November 4 2009!! Be in the chat room to get all the hottest details.

Chat room link for members: Stock Hideout Video Chat

CARDIO INFRARED TECHNOLOGIES INC.

(Public, PINK:CDOI.PK)

CardioCor

MiV Investments Inc. has initiated independent research coverage on Cardio Infrared Techs Inc, a company that looks to profit as America’s negative habbits and lifestyles begin to catch up to them. Their phase II Clinical trials are set to be completed by 4Q09, and it couldn’t come at a better time as obesity levels reach new heights. During the past 20 years there has been a dramatic increase in the United States. In 2008, only one state (Colorado) had a prevalence of obesity less than 20%. Thirty-two states had a prevalence equal to or greater than 25%; six of these states (Alabama, Mississippi, Oklahoma, South Carolina, Tennessee, and West Virginia ) had a prevalence of obesity equal to or greater than 30%. Their lead product, CardioCor, involves fusing a bike and infrared together, in order to create a fat burning oven which trumps anything else in the market. It uses 2800 Watts of Infrared, and thus burns calories up to 10 times faster than that of traditional exercise.

Marketdata projects 6.0% annual growth for the total U.S. weight loss market, to $68.7 billion by 2010, with growth rates for individual market segments ranging from zero to 16% per year.

About Cardio Infrared Technologies, Inc.

Cardio Infrared Technologies, Inc. is a technology and marketing company, which is focused on developing the revolutionary and evolutionary process of combining exercise equipment with medical benefits that go far beyond the normal benefits of standard exercise equipment. Cardio Infrared Technologies, Inc. is committed to continue to market this equipment to the exercise and medical markets and to aggressively expand the market to every country around the world. The equipment has already been featured on “Good Morning America” and “The View.” Cardio Infrared Technologies, Inc. also has an aggressive growth plan that includes acquisitions and development of innovative new equipment and programs in the exercise and medical industries.

CardioCor Product Benefits
Losing weight is synonymous with losing toxins

When your body is overloaded with toxins, whether it is from the contaminants in the food we eat, the air we breathe or the water we drink, your body’s metabolism slows down. This sluggishness and lack of energy causes your body to create more fat cells to store the excess toxins, establishing a vicious cycle that can help bring to a halt.

Retained toxins are key in the accelerated aging process

The pounds of toxins and waste that overload the elimination systems of the body will cause your body to prematurely age and develop chronic diseases. This is reversible! By applying infrared heat in a controlled environment to the skin, the largest organ of elimination in the body, we can help the body rid itself of poisons and pollutants. It has been recorded that in deep perspiration, the body excretes 85% water and 15% toxic waste.
Live to a ripe old age with energy and vitality

By unburdening your body form the built up toxins and poisons that clog your organs, tissues, blood, muscles, fat and cells, you will also rejuvenate your spiritual and emotional vitality. A cleaner body will engender a livelier spirit and a true love of life well into your older years. Being able to feel alive and vibrant every day is truly a blessing.

A 40-minute session 3 times a week will provide you with:

Sweat Therapy that will increase your calorie burn up to 10 times the normal rate to aid in weight and inch loss. Increased blood circulation, and increased core temperature are key factors in moving the toxins out of your body. Infrared penetrates the body up to 3 inches because the body is 70% water. This fact allows the body to absorb the energy from the infrared as it would absorb the energy of the sun. The absorption of this energy helps to increase the core temperature of the body and the detoxification that it promotes. As a mood booster, infrared can’t be beat. You will enjoy an overall feeling of well-being, starting with your very first session. Light therapy has long been used to aid in depression and respite from the doldrums and gloom of the winter and the effects of SAD. Increased circulation will help promote collagen production and give you a super deep cleansing effect. You will see a noticeable improvement in skin texture and obvious scars through the use of infrared. Detoxify your body with regular infrared exposure and reap the benefits of natural good health. Natural therapists confirm that sweating is a great way to remove toxins, using infrared heat offers this benefit at a comfortable temperature.?Infrared has been documented as aiding in the pain management and recuperation of sports injuries, arthritis and more.

Key Weight Loss Market Statistics

* Marketdata estimates that the total U.S. weight loss market was worth $55.4 billion in 2006. The market should reach $58.7 billion this year and $68.7 bill. by 2010 (see attachment, table).

* Retail meal replacements were hit hard by the low-carb craze, but have shown signs of growing once again. We estimate that sales were $1.17 billion in 2006.

* OTC diet pills market is in turmoil as the FTC fines marketers $25 million and many brands fight for market share and tinker with non-ephedra ingredients.

* In 2006, 68% of dieters preferred a diet program they could access from home/online/by phone, and 56% want a plan based on regular (not diet) food.

* Bariatric surgeries reached record levels of 177,000 in 2006, representing a $4.4 billion market. However, major insurers still don’t cover these surgeries and growth slowed to only 4%. More obese Americans are having the procedure done in Latin America, where the cost is substantially less.

* Diet food home delivery grows into an $800 million market segment, fueled by NutriSystem, Jenny Direct, Medifast and a few dozen others. Not all companies provide national delivery. Many only cater to local markets in Los Angeles, Chicago or New York, delivering premium priced gourmet fresh food. The average monthly cost for consumers is $725.

* Diet soft drinks Diet sodas’ share of all soft drinks has risen to 29.5%, almost the historical peak, and this is forecast to rise to 31%. This segment was worth $19 billion in 2006.

* Diet drugs The prescription $459 million diet drugs market did grow somewhat in 2006, but still awaits the FDA’s approval of Rimonabant (Acomplia).

* Market leaders Weight Watchers ($1.2 bill.), NutriSystem ($568 mill.), LA Weight Loss ($500 mill.), Jenny Craig ($462 mill.), Slim-Fast ($310 mill.), Herbalife ($271 mill. ” U.S. diet prods. sales).

Experienced Management
Wayne K. Bailey, CEO

Wayne has spent his life as a CEO and CFO of various corporations, both private and public that had a competitive edge over the competition. Wayne spent 3 years as the CFO of a Publicly traded mortgage bank. For 12 years Wayne was part of a group that acquired manufacturing companies in the Aerospace, water, wood, steel, plastic, circuit board and other manufacturing and distribution business. In the mid 1970’s Wayne founded and was the CEO of a private plastic company that developed the process to thermoform PET plastic and became part of the development group of Eastman Chemical for PET products.
A decade ago, Wayne fought hard against the established medical protocol of the day as he lost the battle to save his daughter from small cell ovarian cancer and to institute a more holistic, direct and focused methodology to bring his daughter back. As expected, his input was rejected as the time, but is now one of the accepted treatments for this dreadful, fateful disease. As a result, over the last decade, Wayne has focused his energies toward educating his friends and associates toward a more holistic, healthy lifestyle through nutritional supplements and detoxification. It is as a result of this quest that Wayne decided to bring the CardioCor to the U.S. and begin the process of teaching people the overall dangers of the toxins in our environment and how to safely remove them.
Elle Reinhardt, M.B.A., T.N.D.

Elle’s background includes her early years as an educator and encompasses a career in interior design and construction before her inevitable confrontation with the allopathic medical community several years ago. After a year and a half of remaining undiagnosed for a medical problem by her doctors, Elle diagnosed herself through a serendipitous newspaper article and the internet. She then proceeded to heal herself and return to school to achieve her Doctorate in Naturopathy at Clayton College of Natural Health, Birmingham, AL.
She has focused the rest of her life towards educating others as to the ways of achieving and maintaining homeostasis. Her passion and focus are education through whole food nutrition, cleansing and detoxification to aid her clients in achieving a vibrant longevity. Elle is also a Board Certified Reflexologist. Elle joined forces with Wayne Bailey in the CardioCor endeavor to bring to America the gift of a focused cardio-infrared program that is unlike anything available in the United States today.

CAROL ANGLIN, NATIONAL SALES DIRECTOR

Carol joined the Cardio-Cor team in November 2006. Carol started working with Cardio Infrared Technologies, Inc doing cold calls in the Utah market. Carol quickly completed sales of two units by the end of 2006. In 2007 she was doing cold calls on a nationwide basis developing sales leads and sales first on the East Coast and then on the West Coast. Carol has become a very valuable member of the Cardio-Cor sales and management team. The training she has received and the first hand observations of the results obtained by the people using the Cardio-Cor has given her a unique perspective that has added to the mounting sales momentum of Cardio Infrared Technologies, Inc. Carol was part of the team that attended the Anti-Aging show in December 2007 and was given the responsibility for the sales leads generated from that show and most of the leads generated from the other shows in 2007. Carol has aggressively followed up on the leads generated by these shows, which as resulted in many sales that may have been missed if not for her diligence. Carol Anglin comes to Cardio Infrared Technologies, Inc. with over 25 years of sales experience which includes selling photography, Tanning equipment and Time Shares. Carol has won several awards in the Time Share industry for most valuable employee and for record numbers of leads generated. Carol comes to Cardio Infrared Technologies, Inc. from a desire to help people gain a healthier more natural way of improving their bodies. Carol’s son Scott died of bone cancer at age 20 which led her to a quest to find other alternative ways to keep the body in a natural healthy state of being.”

Refocusing the Company

The company first brought the Unit to the United States two years ago under the name Cellubike, so named by the Italian manufactures, which only recognized the beauty benefits of the Bike. Over the past 40 years, the intrinsic value of Infrared has blossomed into a multi-billion dollar beauty industry in Europe, where, typically, most beauty innovations are discovered. As our knowledge and experience with this amazing product grew, our clients and we quickly realized that the results being experienced were nothing short of astounding. Yes, the beauty benefits were still there such as weight loss, inch loss, diminishing of cellulite, and building of collagen in the skin. But, just as importantly, the body was detoxifying and promoting even better results through loss of toxins. Many clients experienced the reduction, if not total disappearance, of chronic conditions such as fibromyalgia, arthritis, colitis, bursitis and pain from sports injuries that had plagued them for years as you can read in the Testimonials. Others were surprised as scars diminished, recovery from strokes was accelerated and eczema conditions were relieved. With this exciting new information we felt it was imperative to relaunch this amazing device in a new light. We found it fitting that the new name incorporates all aspects of its capabilities, thus highlighting the medical benefits. Hence the CardioCor emerged, reflecting not only the Cardio benefits, but also, the benefits of increasing the body’s core temperature and boosting the client’s metabolism!

Company News

Cardio Cor Announces $400K in New Orders for Cardio Cor and Cardio Cor IITM

LAS VEGAS, NV–(Marketwire – October 30, 2009) – Cardio Infrared Technologies, Inc. ( PINKSHEETS: CDOI) CardioCor, a leading Health and Wellness technology and marketing company, announced today that it has received orders from a new Florida-based client for two of the Commercial Cardio Cor bikes and six Personal Cardio Cor II™ bikes.

Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., stated: “A new customer in Florida has ordered two Cardio Cor units for immediate delivery and six Cardio Cor II units for delivery as soon as they are available in first quarter 2010. The sales revenue of this order exceeds $100,000. We have also taken orders from customers in San Francisco, CA, Palm Springs, CA, Hollywood, CA, Palm Beach, FL, New York, NY, Salt Lake City, UT, Atlanta, GA and Atlantic City, New Jersey for the new Cardio Cor II™. The orders placed now total well over $300,000. It is understood that additional orders will be received soon and will result in the new production capacity being sold out for the first three months of 2010 production. Additional demand for the Cardio Cor II™ will be generated at the “Anti Aging Show “coming in Las Vegas mid December.”
New customers are being told to get their orders in now or they will be on a waiting list that takes them to mid year 2010.

Cardio Infrared Tech Announces New Infrared Lights for the Cardio-Cor II

LAS VEGAS, NV–(Marketwire – October 21, 2009) – Cardio Infrared Technologies, Inc. ( PINKSHEETS: CDOI) CardioCor, a leading Health and Wellness technology and marketing company, announced today newly developed infrared lights for the Cardio-Cor II personal Exercycle.

Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., stated: “The new infrared lights will now power the Cardio-Cor II. The new lights were developed specifically for Cardio Infrared Technologies and the new Cardio-Cor II personal Exercycle. The new lights are the product of recent innovation in bulb design and technology that provide for a smaller bulb but retains all the benefits of the previous larger bulb. The new 100-watt bulb is only one inch in diameter and four inches long and is extremely energy efficient. The older bulbs are five inches in length and five inches in diameter. The light array in the Cardio-Cor II is now only two inches thick instead of the nine inches as on the original Cardio-Cor. This innovation allows for a much smaller, super compact Exercycle. Cardio Infrared Technologies, Inc. will use the new lights in all new products. These new lights will allow Cardio-Cor to develop a wide range of compact products that couple the use of infrared and exercise. Cardio Infrared Tech remains committed to develop and/or acquire improved infrared technologies for the benefits of our customers and stockholders.”
The new personal Cardio-Cor II Exercycle is being well received in all beta market tests and is expected to dramatically improve sales in 2010.

Cardio Infrared Technologies, Inc. Announces Reduction in the Amount of Authorized Stock

HENDERSON, NV–(Marketwire – 10/23/09) – Cardio Infrared Technologies, Inc. (Pinksheets:CDOI – News) (CardioCor) today announced that its Board of Directors has authorized a reduction of the authorized shares from 5,000,000 to 1,500,000.
“The Board took the action to reduce the amount of authorized stock to more accurately reflect the capitalization of the company. This lower authorized is a one third reduction in the authorized shares for the company. The board believes that this reduction in authorized shares will facilitate the company’s ability to attract companies for acquisition and expansions. The company currently has 47,181,495 shares issued with 4,714,172 free trading shares currently issued and outstanding,” said Wayne Bailey, Chief Executive Officer of Cardio Infrared Technologies, Inc. “We continue to pursue our acquisition and growth plan and believe this 1/3 drop in authorized will facilitate our financial plans for the company.”

Cardio Infrared Phase II Clinical Trials to be Completed This Year

LAS VEGAS, Oct. 5, 2009 (GLOBE NEWSWIRE) — Cardio Infrared Technologies, Inc. (Pink Sheets:CDOI – News) (CardioCor), a leading Health and Wellness technology and marketing company, announced today that the clinical trials being conducted in Pennsylvania completed Phase I earlier this year and demonstrated the efficacy portion of the trials. Phase II, which has been underway for 6 months, has been testing the effects on Detoxification and will be available by the end of this year.

Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., stated: “The second phase of the clinical trials are within two months of completion. The expanded number of people involved in the second phase is providing a tremendous amount of additional information and data on the Cardio-Cor system. The results from the expanded Phase II are reported to be superior to those released in the first phase and additional levels of study are showing amazing results according to the community of patients involved. The expanded basis of the second phase of the study is concerned not only with weight and inch loss but also on detoxification and the tested results of infrared on the body. The report on the second phase is scheduled to be completed before the Las Vegas Anti-Aging show in December. The third phase of the Clinicals will be a comparison of the Cardio-Cor ExerBike vs. a treadmill which will document the additional benefits of using the Cardio-Cor over any other type of exercise equipment available to the public.”

The clinical trials that were completed in Italy will also be released within the next three months. The Clinicals from Italy were completed using Italian guidelines, not FDA standards. They show vast weight, inch and cellulite loss. They also address detoxification and many of the other issues that our Phase II study is now addressing. The release of the additional studies will add validity to the technology and products of Cardio Infrared Technologies.

Disclosure: Long CDOI
———–

By reading MiV Investments Inc. company profiles you agree to the disclaimer, and thereby will not hold Michael Vlaicu accountable for any transactions or decisions you make. It is up to you to do your own due diligence.

MiV Investments Inc. is not paid, compensated or in any way incentivized to report news and developments about publicly traded companies, unless otherwise stated.

Watson Pharmaceuticals, Inc. (NASDAQ:WPI), incorporated in 1985, is a specialty pharmaceutical company engaged in the development, manufacture, marketing, sale and distribution of brand and generic pharmaceutical products. Throughout its history, WPI showed many fluctuations in its stock value, going to $21.23 with 8.83 million shares in 2008 to $34.81 per share in just a year.

The new-entrant CytoDyn (CYDY), incorporated in 2003, reached an all-time high of $3.00 in mid 2006, and an all time low of $0.15 in 2008. They are currently working upon an immune-based therapy to HIV / AIDS: Cytolin, claiming it to be the ONLY solution to this epidemic. CytoDyn, independently conducted a test using around ten HIV infected subjects, outcomes were satisfactory. But once the Massachusetts General Hospital – which is conducting a separate biomedical study on the drug – approves it, it is for sure that stock values would soar at $4.82, with a market capitalization that would be at least 6 times that of today (54.6 million exp. versus current 8.47 million, an inflow of around 50 million). It is clearly evident from last few weeks’ data that the stock value raised to $1.50 from $0.75 in less than a month, even before the study initiation.

What are your opinions regarding investment in emerging corporations of the US pharmaceutical industry? Any comments, ideas and stock pick suggestions are welcome.

reference link: InsideCytolin Blog Blog Archive Emerging Pharma Picks ? 09/10

Steven

Great news yesterday, watching this at open today.

Do not forget to be in our chat room at the opening bell to get all the details on our latest "StockHideout" stock alert. The alert will be posted in the chat room right at the opening bell by one of our moderators.

Nice job on NEOM a recent SA post to hold the .013 200 MA line for support, we did and tested .0169 today for a nice quick hit. Keep this one on watch as we could test .018 to .02 once again.



IGNT looking good again holding .0025 .0026 support and appears ready to test the major break out at .0037 like we have been saying all week. If this happens we could see a test of .005 to .006 ranges ahead.



ETRM after a long fall could hold support at .50 which is key. If we do watch .677 to .70 as resistance 1 and .79 as resistance 2 ahead.

Daily Market Commentary for November 3, 2009

Warren Buffett

Warren Buffett's company, Berkshire Hathaway announced Tuesday it will purchase railroad operating company Burlington Northern Santa Fe Corp; Buffet's company will spend a reported $34 billion. (Read more at Millennium-Traders.Com)

Economic data released today:

Factory Orders:
U.S. Factory Orders rose 0.9% in September compared to consensus of an increase by 0.8%; September Factory Orders, Excluding Transportation, rose 0.8%; September Factory Orders, Excluding Defense, rose 0.7%; September Durable Goods Revised to rise 1.4% from an increase by 1.0%; August Factory Orders Unrevised at -0.8%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 28.11 points, EOD 9,761.33
NYSE (New York Stock Exchange) gain 27.76, EOD 6,812.70
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 5.34 points, EOD 2,054.54
S&P 500 (SPX) gain 1.92 point, EOD 1,044.80
BEL 20 (BEL20) shed 46.32 points, EOD 2,351.09
CAC 40 (CAC40) shed 55.21 points, EOD 3,584.25
FTSE100 (UKX100) shed 67.29 points, EOD 5,037.21
NIKKEI 225 (NIK/O) unchanged, EOD 9,802.95

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,887 declined stock prices 1,189, unchanged stock prices 79, stock prices hitting new highs 37 and stock prices hitting new lows 12. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: MA shed 3.45, HOD 226.15, LOD 210.13, EOD 219.20; RL gain 1.76, HOD 79.98, LOD 76.34, EOD 78.47; AIG gain 4.91, HOD 40.09, LOD 33.50, EOD 39.22; ICE shed 1.52, HOD 103.79, LOD 96.50, EOD 101.31; GS gain 0.93, HOD 172.16, LOD 168.74, EOD 171.61; CME shed 4.04, HOD 305.95, LOD 298.95, EOD 301.56.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,645, declined stock prices 1,097, unchanged stock prices 114, stock prices hitting new highs 33 and stock prices hitting new lows 42. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AAPL shed 0.56, HOD 189.52, LOD 185.92, EOD 188.75; DLLR gain 3.29, HOD 21.98, LOD 20.02, EOD 21.39; FSLR gain 2.81, HOD 125.26, LOD 120.09, EOD 124.51; BIDU gain 7.59, HOD 384.52, LOD 369.12, EOD 383.04; CTSH gain 3.17, HOD 42.40, LOD 40.85, EOD 41.97; PEET gain 3.88, HOD 39.66, LOD 33.42, EOD 38.44; SHOO shed 1.79, HOD 41.23, LOD 37.11, EOD 38.92; RIMM gain 3.87, HOD 60.14, LOD 55.38, EOD 59.61; WYNN gain 2.40, HOD 56.80, LOD 52.54, EOD 56.13; PCLN gain 1.92, HOD 166.77, LOD 159.30, EOD 164.50.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 280, declined stock prices 233, unchanged stock prices 43, stock prices hitting new highs 10 and stock prices hitting new lows 6.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1040.75; Change 1.75
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,676.00; Change 7.00
E-mini DOW $5 (YM) Dec 09: EOD 9,712; Change -23
E-mini S&P MidCap 400 (MF) Dec 09: EOD 668.40; Change 8.80
Nikkei 225 (Yen) Dec 09: EOD 9,790; Change 0

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6799 U.S. Dollars 1.4707
Japanese Yen 90.3500 to U.S. Dollars 0.0111
British Pound 0.6095 to U.S. Dollars 1.6406
Canadian Dollar 1.0683 to U.S. Dollars 0.9361
Swiss Franc 1.0267 to U.S. Dollars 0.9740

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $0.37, EOD $78.50 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.03, EOD $2.07 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.10, EOD $4.92 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) shed $0.03, EOD $1.96 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $30.90, EOD $1,084.90 ($US per Troy ounce)
Silver (December 09) gain $0.74, EOD $17.18 ($US per Troy ounce)
Platinum (January 09) gain $18.10, EOD $1,356.20 ($US per Troy ounce)
Copper (December 09) gain $0.01, EOD $2.96 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) shed $0.18, EOD $57.55
Pork Bellies (February 10) shed $0.15, EOD $89.15
Live Cattle (December 09) shed $0.53, EOD $85.70
Feeder Cattle (January 10) shed $0.30, EOD $95.28

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $7.75, EOD $390.00
Soybeans (January 10) gain $12.50, EOD $1,010.50

BOND MARKET:
2 year EOD 100 5/32, change 1/32, Yield 0.91, Yield change -0.01
5 year EOD 100 2/32, change -4/32, Yield 2.35, Yield change 0.02
10 year EOD 101 8/32, change -15/32, Yield 3.47, Yield change 0.06
30 year EOD 103 22/32, change -1 7/32, Yield 4.33, change 0.07

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com

How do you no HEGS may have a marger coming?
Thanks

Does anyone have an Entry code for CrystalBull.com ? I want to see their stock market timing model

Thanks.

Brookside Technology Holdings Corp. > Home

Brookside, headquartered in Austin, Texas, is a provider and global managed service company specializing in selling, designing, analyzing and implementing converged Voice over IP (VoIP), data and wireless business communications systems and solutions for commercial and state/government organizations of all types and sizes in the United States. Brookside is a leading VoIP reseller and professional services vendor with over 300 BCM installations that have various forms of networked or VoIP functionality.



[IMG][/IMG]

.buying swing +QHBKE at 5.35-.55 area FSLR 125 calls OVERSIZED. She should begin a bounce after symmetrical intraday triangle broke bullishly, buying these lower risk calls here. no hedge yet but considering AMZN 110 puts as a hedge if the markets lose there day lows.

Low Float and worth a look. All we need is volume to get this one moving!


Outstanding Shares: 189,225,065 as of Sept 3 2009
Restricted Shares: 130,840,265
Float: 58,384,800
Authorized Shares: 1,000,000,000 as of Sept 3 2009

About Homeland Security Corp:

Homeland Security Corp. is a leading edge security products manufacturer and distributor in the surveillance and security industry. The company has a solution package for all large corporations, government entities and small consumers.


http://stockcharts.com/h-sc/ui?s=HSC...d=p70438114904

Itronics Obtains GOLD'n GRO Fertilizer Inventory Funding


Strong Growth Being Driven by Environmentally Green Fertilizer Technology

RENO, NV, Nov 03, 2009 (MARKETWIRE via COMTEX) -- Itronics Inc. (PINKSHEETS: ITRO) (FRANKFURT: ITG) (BERLIN: ITG) reported today that its subsidiary, Itronics Metallurgical, Inc., has obtained funding needed to expand fertilizer ingredient inventories during the 2009 fall fertilizer season.
In a press release issued October 27, 2009, Itronics Metallurgical, Inc. reported that October GOLD'n GRO fertilizer orders now exceed total sales in the fourth quarter 2008 by 33 percent. Today Itronics Metallurgical is announcing that it has obtained a short term loan to fund the purchase of fertilizer ingredients needed to fill the sharp increase in orders.

"Receipt of funding to purchase raw material ingredients makes it possible to shorten the time between receipt of order and delivery of the finished GOLD'n GRO fertilizers," said Dr. John Whitney, President. "This year the fall season is very short, but is expected to continue into mid December in California, which has had some rain recently. This funding is excellent news for the Company and its investors."

About Itronics

Headquartered in Reno, Nevada, Itronics Inc. is a "Creative Clean Technology" Company that produces GOLD'n GRO liquid fertilizers and pure silver bullion. Itronics, through its subsidiary, Itronics Metallurgical, Inc., is the only company with a fully permitted "Beneficial Use Photochemical, Silver, and Water Recycling" plant in the United States that converts spent photoliquids into pure silver and GOLD'n GRO liquid fertilizers. The Company is developing environmentally compatible mining technology, provides project planning and technical services to the gold mining industry, and operates the popular InsideMetals.com web site, Precious Metals Quote, Gold Prospecting, Mining Stocks, and Investments - InsideMetals.com, which provides a value-added WORLD VIEW of Gold Producer Stocks, Mineral Producer Stocks, Junior Gold Stocks, and Junior Mineral Stocks.

Itronics has received numerous domestic and international awards that recognize its ability to successfully create and implement new environmentally clean recycling and fertilizer technologies.

The Company's environmentally friendly GOLD'n GRO liquid fertilizers, which are extensively used in agriculture, can be used for lawns and houseplants, and are available, along with liquid fertilizer injectors, at the Company's "e-store" catalog at GOLD'n GRO® Guardian Deer Repellant & Multi-Nutrient Liquid Fertilizers - Plus Sulphur, Chelated Iron, Manganese and Zinc™. The popular Silver Nevada Miner bars are available at the Company's "e-store" catalog at Itronics Metallurgical - Liquid Fertilizer, Fertilizer Injectors, Silver Recycling, and Pure "Silver Nevada Miner" Bars™.

VISIT OUR WEB SITE: Itronics, Inc. - A Creative Cleantech Company™

("Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.)



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If finally happened and look at this thing go ... Hell yeah !

Are you happy with the Forex system you’re using? Is it making high and consistent profits? If it is, just follow the rules and keep it. If it isn’t, then you have a problem…


When we begin in Forex trading, we want to make money. But this is not easy… No matter what others say, Forex is not a money-making machine… You need to have certain knowledge and be able to dedicate some time.


But what kind of system should you use? Should you be day trading or swing trading? Get your answer now…

Choosing the best time frames to use in Forex isn’t a simple task. Even advanced traders sometimes have this problem.


Since the Forex market is open 24 hours a day, 6 days a week, it becomes even more difficult because we just can’t be always in front of our computers, watching the market.


Choosing the best time frames to trade also depends on the system you’re using. It varies depending on if you’re day trading, swing trading, or using a longer-term strategy.


Since most Forex traders always show more interest about day trading strategies, I just made an article about the best time frames to use. Just click here.

HydroGenetics, Inc. Announces Update

might be a good thing imo.
Good Luck

ChromoCure develops and provides proprietary cancer detection systems. The Company owns its technology and provides its systems on a revenue sharing basis. The Company’s systems measure the unique genomic characteristic found in 100% of all cancers and never found in normal cells. The Company believes its technology has an effective accuracy of 100% for all cancers at all stages. The Company believes its technology vastly superior to anything in existence and that it will become the undisputed gold standard for cancer detection worldwide.

The Company’s technology and understanding of cancer also suggest non-toxic and non-invasive approaches to cancer therapy and cure research. The Company will release progress reports on these initiatives from time to time.

ChromoCure

Crude oil traded little changed in New York after rising from a two-week low as growth in manufacturing spurred hopes of an economic recovery.

U.S. stocks gained, with the Dow Jones Industrial Average gaining 76.71 points, or 0.8 percent, to 9,789.44 after the Institute for Supply Management said manufacturing grew at the fastest pace in more than three years. Manufacturing also expanded in China and Europe.

“The price of oil went up and down based on the equities market,” Mike Sander, an investment adviser at Seattle-based Sander Capital Advisors, wrote in an e-mail report.

Crude oil for December delivery was up 1 cent, or 0.1 percent, at $78.14 a barrel on the New York Mercantile Exchange at 11:22 a.m. Sydney time. Crude has risen 75 percent this year.

Futures lost 4.4 percent last week, the first pullback in a month, after U.S. crude oil and gasoline stockpiles rose, equities declined and the dollar’s rebound reduced the investment appeal of commodities. Prices dropped 3.6 percent on Oct. 30 after a report showed U.S. consumer spending in September fell for the first time in five months.

Reports on U.S. home sales and construction also beat expectations in another sign of an improving economy.

The number of contracts to buy previously owned homes in the U.S. rose in September for an eighth straight month as Americans rushed to meet a deadline for a home-buyer credit, according to a report today from the National Association of Realtors in Washington. Construction spending climbed the most since September 2008.

Dollar Weakness

The dollar traded at $1.4799 per euro, compared with $1.4775 in New York yesterday, and may fall for a second day amid speculation the Federal Reserve this week will keep interest rates low.

Volatility has increased amid “unease in the investment world” and uncertainty about banks’ ability to repay the money they owe, the investment adviser Sander wrote in his note. “With added volatility can also come pressure for the market to pull back.”

Output from the Organization of Petroleum Exporting Countries expanded to its highest level in 10 months, a Bloomberg News survey showed.

“We do think there will be more OPEC oil in the market as OPEC tries to keep oil below $80 a barrel,” said Phil Flynn, vice president of research at PFGBest in Chicago. The OPEC estimate is acting as a counterweight to the bullish economic news, he said.

OPEC Output

OPEC output averaged 28.76 million barrels a day in October, up 80,000 barrels from September, according to a Bloomberg survey of oil companies, producers and analysts. The entire gain came from the OPEC members with quotas, all except Iraq. The 11 countries pumped 26.31 million barrels a day, 1.465 million barrels above their target. Iraqi output was unchanged.

“It doesn’t help OPEC’s cause if, as reports indicate, they decide to increase production at a time when demand is still not very robust,” said Christopher Bellew, senior broker at Bache Commodities Ltd. in London. “It may be some time before there’s another test of $80.”

U.S. oil inventories probably rose 1.5 million barrels last week from 339.9 million in the week ended Oct. 23, based on the average estimate of eight analysts surveyed by Bloomberg News. It would be the fourth consecutive weekly increase. All eight analysts forecast an increase.

Distillate supplies probably fell 600,000 barrels from 167.8 million. Five analysts said stockpiles dropped and three said they rose. U.S. gasoline inventories probably climbed 830,000 barrels last week from 208.6 million the week before, according to the survey. Six analysts forecast an increase and two a decline.

Oil Bets

Hedge-fund managers and other large speculators increased their bets on rising oil prices to a 19-month high last week, according to U.S. Commodity Futures Trading Commission data.

Speculative net-long positions, the difference between orders to buy and sell the commodity, climbed 47 percent to 109,619 contracts in the week ended Oct. 27, the commission said Oct. 30. That’s the highest since March 14, 2008.

Brent crude for December settlement climbed $1.35, or 1.8 percent, to $76.55 a barrel on the London-based ICE Futures Europe exchange.

Oil volume in electronic trading on the Nymex was 497,787 contracts as of 3:18 p.m. in New York. Volume totaled 628,446 contracts Oct. 30, 10 percent higher than the average over the past three months. Open interest was 1.24 million contracts. The exchange has a one-business-day delay in reporting open interest and full volume data.

Gold jumped and was 0.5 percent away from a record after the International Monetary Fund said it is selling 200 metric tons of the metal to the Reserve Bank of India and as investors sought an alternative to a weaker dollar.

Bullion has gained 21 percent this year, as the dollar slumped 6.4 percent against major global currencies, and reached an all-time high of $1,070.80 on Oct. 14. The MSCI Asia Pacific Index of regional stocks rose after U.S. equities advanced as manufacturing topped projections, providing more evidence of an economic recovery.

“We’ll probably see gold test a previous high today as we have a weaker dollar and stock markets across the region are following” with gains, said Wallace Ng, chief dealer with Fortis Bank in Hong Kong. “I’m positive about gold.”

Gold for immediate delivery increased 0.5 percent to $1,064.99 an ounce at 11:15 a.m. in Singapore. December-delivery gold jumped 1.1 percent to $1,065.50 an ounce on the New York Mercantile Exchange’s Comex division, the highest price for the most-active contract since Oct. 23.

The Institute for Supply Management’s factory index rose to 55.7, a three-year high and exceeding every estimate of the 70 economists surveyed by Bloomberg News, data from the Tempe, Arizona-based group showed yesterday. Other reports indicated housing kept gaining after its worst recession since the 1930s.

IMF Sale

The IMF said it will receive $6.7 billion from the transaction with India. The Washington-based lender’s first bullion sale in nine years, almost half the 403.3 tons it agreed in September to sell, is part of a plan to shore up its finances and lend at reduced rates to low-income countries.

“This is positive for the gold market, as bilateral sales which avoid the open spot market will avoid adding to marginal physical supply,” said David Barclay, a commodity strategist with Standard Chartered Bank in Hong Kong.

Asian nations, which have amassed stockpiles of foreign currency reserves since the 1998 financial crisis, have shown increased interest in diversifying out of U.S. assets as the dollar loses value against other currencies.

Central banks and other “official” entities such as the International Monetary Fund held 26,350 tons of gold at the end of last year, according to London-based research company GFMS Ltd. By comparison, investment holdings in exchange-traded funds were 1,222 tons, GFMS said in its 2009 Gold Survey report.

Gold Holdings

Bullion holdings in the SPDR Gold Trust, the biggest exchange-traded fund backed by the metal, were unchanged at 1,103.52 tons as of Nov. 2, according to the company’s Web site.

Hedge funds and other large speculators trimmed net-long positions, or bets on higher prices, in New York gold futures for a second week as of Oct. 27, Commodity Futures Trading Commission data on showed on Oct. 30.

Among other precious metals, silver added 1.1 percent to $16.6425 an ounce, platinum advanced 1.4 percent to $1,354 an ounce and palladium was up 1 percent to $326.50 an ounce.

Australia’s dollar fell after the central bank said it was “prudent to lessen gradually” the economic stimulus provided by lower-than-average borrowing costs, prompting traders to pare bets on a rate increase in December.

Futures markets reduced to about 50 percent the chance of the Reserve Bank of Australia raising interest rates in December after it increased borrowing costs by 25 basis points today for the second time in a month. New Zealand’s dollar rose after U.S. stocks rebounded from their biggest weekly drop since May as Ford Motor Co.’s profit beat analyst estimates and housing reports signaled an economic recovery.

“With a December rate hike now in some doubt, this may weigh on the Australian dollar,” said Annette Martins, a currency strategist with Macquarie Bank Ltd. in Sydney. “This does not change the fact that the RBA maintains one of the highest cash rates in the developed world and this will work to limit the extent of the pull-back in Australia’s dollar.”

Australia’s currency fell 0.2 percent to 90.24 U.S. cents as of 4:15 p.m. in Sydney, from 90.89 cents before the central bank decision and 90.40 cents yesterday in New York. The currency slipped to 81.47 yen from 81.54 yesterday. New Zealand’s dollar advanced 0.6 percent to 72.22 U.S. cents and climbed 0.6 percent to 65.17 yen.

Benchmark interest rates are 3.5 percent in Australia and 2.5 percent in New Zealand, compared with 0.1 percent in Japan and as low as zero in the U.S., attracting investors to the South Pacific nations’ higher-yielding assets. The risk in such trades is that currency market moves will erase profits.

The Australian central bank’s decision was forecast by 18 of 22 economists in a Bloomberg News survey. The bank in April completed 4.25 percentage points of cuts, bringing the benchmark to a half-century low of 3 percent to help Australia avoid recession.

Rates, Wages

Governor Glenn Stevens noted that the advance of the Australian dollar, which last month touched its strongest since August 2008, “is likely to constrain output in the tradeables sector,” and dampen inflation pressures.

“Potentially it suggests that they are considering the Aussie dollar’s value now in determining their rate-tightening cycle up ahead,” said Gareth Berry, a currency strategist at UBS AG in Singapore. “But there’s no clue given with regard to what level they’d find the Aussie excessive.”

The Australian dollar may dip toward 88.50 U.S. cents and then 85.50 cents in the short-term, said Susumu Kanazawa, head of treasury in Sydney at Bank of Tokyo-Mitsubishi Ltd. Investors should “buy on dips toward the critical levels,” as losses in the currency will be short-lived, he said.

Bonds Advance

Australian government bonds reversed declines. The yield on the one-year government security, which is sensitive to interest-rate expectations, fell 17 basis points -- the most since Sept. 18 -- to 4.18 percent, according to data compiled by Bloomberg. The yield on 10-year notes slid nine basis points to 5.45 percent. The price of the 5.25 percent security due March 2019 rose 0.664, or A$6.64 per A$1,000 face amount, to 98.539.

“You have the RBA lifting interest rates and at the same time a commitment by the Federal Reserve to keep rates at record low levels for an extended period,” said Richard Grace, chief currency strategist in Sydney at Commonwealth Bank of Australia. “While that’s occurring and there are upward revisions to global growth, there’s no reason to be too bearish on the Australian dollar.”

U.S. Stocks

Both South Pacific nations’ currencies earlier gained after the Standard & Poor’s 500 index added 0.7 percent as Ford reported third-quarter profit, excluding extraordinary items, of 26 cents a share, beating the 20-cent loss estimated by analysts. U.S. manufacturing expanded faster than anticipated in October and the number of contracts to buy previously-owned homes unexpectedly rose in September for an eighth straight month.

New Zealand wages rose more than economists estimated in the third quarter with salaries for non-government workers rising 0.4 percent, according to Statistics New Zealand’s labor cost index released in Wellington today. The median estimate of 10 economists surveyed by Bloomberg was for a 0.3 percent gain.

New Zealand’s commodity export prices fell in October after gains in world markets were wiped out by the stronger local currency, a report from ANZ National Bank Ltd. showed today. The bank’s commodity price index fell 0.4 percent in New Zealand dollars. Excluding the currency adjustment, the index rose 4.6 percent, the eighth straight increase.

The nation’s two-year swap rate, a fixed payment made to receive floating rates, fell to 4.45 percent from 4.51 yesterday.

Here are the standings after day 1 of our new stock picking contest. This contest updates intraday so check back to see where you stand during market hours.

This weeks contest is closed but we had 64 entries which is our largest ever. The next contest will open Friday at 4pm EST so mark the link below and get your pick ready!!!

Stock Contest Standings and link Stock Hideout - Weekly Stock Contest

Great job to all in our chat room today as we climbed back up over 500 members in chat once again. Make sure you are in the chat room during the days of our "StockHideout Exclusive" alerts which will be mentioned here the night before so you can prepare to get them in chat the morning of the alert. Our Next Alert Will Be This Wednesday at Market Open

Congratulations to all that loaded up some IGNT off yesterday and last weeks alerts. IGNT seems to have found a nice base in the mid .002s and if there is another pull back we may look to watch that area once again. If we do not pull back any further then watch .0037 as our MAJOR 50 MA line break out point. If this area is broken then we could see .005s or even .006s ahead. The last run hit .007



Also AGEL from last weeks list is still churning and I am still holding looking for those .0002s to break and test .0006 possible. So far just a buy and hold for me personally.



EEE is this finally the bottom at .30 to .35 ranges? Keep a close eye on this one for a possible bounce up to .50 to .52 resistance levels.



NEOM if we are going to see a bounce IMO we are going to see it tomorrow as we hit and held the 200 MA line at .013 today. If we go lower than .01 .013 ranges then game over imo for NEOM and its current chart trend. If we hold then we could see a 1 or 2 day bounce again to .02 ranges for a nice day trade.

Daily Market Commentary for November 2, 2009

Ford

Ford Motor (F) reported a surprise gain in profit for the third quarter Monday; the automaker earned a net income of virtually $1 billion making it a very profitable quarter. (Read more at Millennium-Traders.Com)

Economic data released today:

ISM [Institute for Supply Management] Manufacturing Index:
U.S. ISM October Prices Index 65.0 versus September 63.5; U.S. ISM October Employment Index 53.1 versus September 46.2; U.S. ISM October New Orders Index 58.5 versus September 60.8; U.S. ISM October Production Index 63.3 versus September 55.7; U.S. ISM October Inventories Index 46.9 versus September 42.5; U.S. ISM October Manufacturing PMI 55.7 versus September 52.6; U.S. ISM October Manufacturing PMI Expected 53.3.

Pending Home Sales from NAR [National Association of Realtors]:
U.S. Pending Home Sales Index rose 6.1% to 110.1 in September; U.S. September Pending Home Sales rose 21.2% from September 2008 – NAR.

Construction Spending:
U.S. Construction Spending rose 0.8% in September compared to consensus of a decrease by 0.1%; August Construction Spending Revised to fall 0.1% from an increase by 0.8%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain 74.74 points, EOD 9,787.47
NYSE (New York Stock Exchange) gain 45.49, EOD 6,784.94
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 4.09 points, EOD 2,049.20
S&P 500 (SPX) gain 6.48 points, EOD 1,042.67
BEL 20 (BEL20) gain 4.69 points, EOD 2,397.41
CAC 40 (CAC40) gain 31.77 points, EOD 3,639.46
FTSE100 (UKX100) gain 59.95 points, EOD 5,104.50
NIKKEI 225 (NIK/O) unchanged 143.64, EOD 10,034.35

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,616 declined stock prices 1,458, unchanged stock prices 101, stock prices hitting new highs 27 and stock prices hitting new lows 19. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: MI shed 0.10, HOD 5.60, LOD 5.05, EOD 5.22; RBS shed 1.00, HOD 12.89, LOD 12.33, EOD 12.65; FAS gain 1.26, HOD 72.03, LOD 63.80, EOD 68.85; MON gain 1.10, HOD 68.64, LOD 67.04, EOD 68.28; GS gain 0.51, HOD 173.36, LOD 165.30, EOD 170.68; BLK gain 4.22, HOD 221.77, LOD 216.11, EOD 220.71; NUE shed 0.83, HOD 40.81, LOD 38.27, EOD 39.02; EDC gain 3.36, HOD 128.27, LOD 116.82, EOD 122.48; AIG gain 0.69, HOD 36.48, LOD 33.25, EOD 34.21; SRE gain 0.03, HOD 18.77, LOD 18.25, EOD 18.79; FDX gain 0.18, HOD 73.81, LOD 71.78, EOD 72.87; KBR shed 0.54, HOD 20.66, LOD 19.42, EOD 19.93.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,314, declined stock prices 1,438, unchanged stock prices 113, stock prices hitting new highs 20 and stock prices hitting new lows 56. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: HGSI gain 6.59, HOD 26.21, LOD 23.57, EOD 25.28; AAPL gain 0.69, HOD 192.88, LOD 185.57, EOD 189.19; RIMM shed 3.04, HOD 57.20, LOD 54.30, EOD 55.69; BIDU shed 1.92, HOD 380.50, LOD 370.00, EOD 375.99; FSLR gain 0.06, HOD 123.99, LOD 120.00, EOD 121.99; PCLN gain 4.91, HOD 163.59, LOD 157.29, EOD 162.70; ESRX gain 3.12, HOD 83.17, LOD 79.74, EOD 83.04.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 255, declined stock prices 245, unchanged stock prices 63, stock prices hitting new highs 6 and stock prices hitting new lows 8.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Dec 09: EOD 1039.00; Change 6.00
E-mini NASDAQ-100 (NQ) Dec 09: EOD 1,670.50; Change 5.00
E-mini DOW $5 (YM) Dec 09: EOD 9,735; Change 71
E-mini S&P MidCap 400 (MF) Dec 09: EOD 659.90; Change 2.50
Nikkei 225 (Yen) Dec 09: EOD 9,800; Change 85

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.6773 U.S. Dollars 1.4764
Japanese Yen 90.3000 to U.S. Dollars 0.0111
British Pound 0.6099 to U.S. Dollars 1.6395
Canadian Dollar 1.0777 to U.S. Dollars 0.9279
Swiss Franc 1.0222 to U.S. Dollars 0.9783

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (December 09) gain $1.13, EOD $78.13 per barrel ($US per barrel)
Heating Oil (December 09) gain $0.04, EOD $2.05 a gallon ($US per gallon)
Natural Gas (December 09) shed $0.22, EOD $4.82 per million BTU ($US per mmbtu.)
Unleaded Gas (December 09) gain $0.03, EOD $1.99 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (December 09) gain $13.60, EOD $1,054.00 ($US per Troy ounce)
Silver (December 09) gain $0.19, EOD $16.44 ($US per Troy ounce)
Platinum (January 09) gain $11.80, EOD $1,338.10 ($US per Troy ounce)
Copper (December 09) shed $0.01, EOD $2.95 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (December 09) gain $1.03, EOD $57.73
Pork Bellies (February 10) unchanged, EOD $89.30
Live Cattle (December 09) gain $0.55, EOD $86.23
Feeder Cattle (January 10) gain $0.50, EOD $95.58

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain $16.25, EOD $382.25
Soybeans (January 10) gain $21.50, EOD $998.00

BOND MARKET:
2 year EOD 100 4/32, change -2/32, Yield 0.92, Yield change 0.03
5 year EOD 100 5/32, change -4/32, Yield 2.33, Yield change 0.03
10 year EOD 101 21/32, change -11/32, Yield 3.42, Yield change 0.04
30 year EOD 103 29/32, change -24/32, Yield 4.26, change 0.04

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com

Get this one on radar as the chart seems to be taking shape the past few days and is currently in unchartered territory. This is one that we mentioned in the chat room www.stockhideout.com/flashcoms this morning around .08 Closed at .11 +22% Congrats to all who got in.

U.K. manufacturers are increasingly optimistic about the recovery of the British economy, which is still mired in recession, a survey showed Monday.

October's Purchasing Managers Index for the manufacturing sector stood at 53.7, marking the first time since November 2007 there were more respondents seeing an improvement in business than a decline. Any figure above 50.0 indicates a net increase in activity.

New orders hit a 69-month peak, though the Chartered Institute of Purchasing & Supply said that was measured against weak comparables.

"One of the most positive developments noted by purchasing managers is that their clients are starting to restock inventories, which is encouraging them to restart production lines. This is important as it suggests the growth may be sustainable rather than a short term blip," said David Noble, the Institute's chief executive.

The latest figures must be treated cautiously, said Rob Dobson, senior economist at Markit Economics, which gathered the survey data.

"Job losses are still running at a fast rate and cost pressures are starting to re-emerge," Dobson said.

"Official data show that manufacturing employment is at its lowest level since comparable records began and output is at its mid-1992 level," Dobson said, adding that the road to recovery "is likely to be long and uncertain."

Britain's economy shrank by 0.4 percent in the third quarter, according to the preliminary calculation by the Office for National Statistics, confounding widespread expectations that the economy might return to growth during the period.

Oil prices hovered near $77 a barrel Monday in Asia after a big fall the previous trading session as investors eyed upcoming figures on the U.S. economy and a volatile dollar.

Benchmark crude for December delivery was down 11 cents to $76.89 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.

The contract fell $2.87 to settle at $77.00 on Friday as the dollar gained and stock markets dropped on news U.S. consumer spending and confidence had fallen in September.

Investors will be looking to a slew of economic indicators this week for further clues about the strength of the U.S. economic recovery. The Labor Department's October employment report will likely be the most closely watched report, but data on manufacturing, services and home sales could also move markets.

The Federal Reserve will also comment after a two-day meeting on interest rate policy.

Oil has slumped from its 2009 high of $82 a barrel last month as the dollar reversed some of its earlier losses. The euro rose to $1.4757 in Asian trading Monday from $1.4714 on Friday while the dollar rose to 90.15 yen from 89.67.

"(Oil) prices may not retract too sharply, but the balloon of irrational exuberance has been, at least temporarily, deflated," energy consultancy TheSchork Group said in a report Monday.

Investors will also be paying attention to third quarter corporate earnings results this week. Ford Motor Co., Cisco Systems Inc., Kraft Foods Inc., Marathon Oil Corp., Starbucks Corp. and Time Warner Inc. are scheduled to report.

In other Nymex trading, heating oil rose 1.08 cents to $2.02 a gallon. Gasoline for December delivery gained 0.45 cent to $1.96 a gallon. Natural gas for December delivery jumped 4.3 cents to $5.05 per 1,000 cubic feet.

In London, Brent crude for December delivery was flat at $75.20 on the ICE Futures exchange.

The Yen saw an extremely bullish session during last week’s trading. The Yen rose over 600 pips against the Euro and over 500 pips against the Pound. The Yen even saw a rising trend against the recovering Dollar, and the USD\JPY pair dropped to the 89.20 level.

The Yen’s bullish correction appears to be a direct result to the positive data published from the Japanese economy. The Japanese Unemployment Rate dropped to 5.3%, its lowest rate in 4 months. The Japanese Preliminary Industrial Production rose by 1.4% in September, beating expectations for a 1.1% rise. This means that the inflation-adjusted value of output produced by manufacturers rose by 1.4% in September as opposed to August. The Yen strengthened despite the fact that the Bank of Japan (BOJ) left the Japanese Interest Rates at 0.10%, the lowest level in the industrial world.

As for the week ahead, many interesting news publications are expected from the Japanese economy. Traders should focus on two main events: the BOJ Governor Shirawaka speech on Wednesday and the Monetary Policy Meeting Minutes. On these events the BOJ will most likely reveal its future plans for the Japanese economy, and this is likely to impact the Yen.

The Euro dropped against all the major currencies during last week’s trading session. The Euro lost 300 pips against the Dollar, 300 pips against the Pound and over 600 pips against the Yen.

Two main reasons have led to the Euro’s downfall last week. One, the economic data from the Euro-Zone has failed to reach analysts’ expectations. The German Consumer Climate, a leading indicator of consumer spending, saw a 4.0 end result, failing to reach expectations for a 4.5 result, falling for the first time in 14 months. The German Retail Sales dropped by 0.5% in September, also showing that the German economy still experiencing difficulties to fully recover. Considering that Germany contains the strongest and biggest economy in the Euro-Zone, the negative data has weakened the Euro. The second reason for the Euro’s downtrend seems to be the recovering Dollar. Furthermore, it appears that if the Dollar’s correction will proceed, the Euro might continue to weaken.

Looking ahead to the following week, the main data expected from the Euro-Zone will be the Minimum Bid Rate scheduled for Thursday. The Minimum Bid Rate is the Euro-Zone’s interest rates announcement for November. The Minimum Bid Rate currently stands on 1.00% and analysts expect it to stay this way. However, if the European Central Bank will surprise and hike rates, it will have the potential to reverse the Euro’s bearish trend, and to lift the Euro back up. Traders should also follow the British interest rates announcement whish is due at the same day.

During last week’s session the Dollar managed to recover against most of the major currencies. The Dollar saw a 300 pips rise against the Euro, and the EUR/USD pair is trade near the 1.47 level. However, the Dollar continued to weaken against the Japanese yen.

The Dollar’s recovery appears to be mainly psychologically. Last week did not provide sustain data showing that should have supported the Dollar. It seems to be that the fact that the EUR/USD reached the 1.50 level, a very poor level for the Dollar, the market promptly corrected this situation with a bullish trend for the Dollar.
Last week’s data mainly showed that the U.S economy is yet to be seen as a recovered economy. The housing sector, the main reason for the recession, is far from returning to levels seen before the crisis began. The employment condition continues to deteriorate, and the weekly Unemployment Claims rises every week.

Nevertheless, the upcoming week has the potential to create mayhem in the market, as various extremely-impacting news publications are expected from the U.S economy. The main data that traders should focus on is likely to be the Federal Funds Rate and the Non-Farm Employment Change. The Federal Funds Rate is in fact the U.S interest rates announcement for November. Currently, analysts expect the FED to leave the rates at their low level, lower than 0.25%. If the FED will surprise and hike rates, it is likely to boost the Dollar. The Non-Farm Employment Change measures the change in the number of employed people during October, excluding the farming industry. Analysts forecast the 173,000 have lost their jobs during October, and that could be the best figure in 14-months. This also has the potential to boost the Dollar.

EUR/USD Daily Technical Reports


EUR/USD-market strategy can be a buy from the level 1.4775$
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. Also, MA oscillators indicate a bullish cross on the short MA line

USD/JPY Daily Technical Reports


USD/JPY-market strategy can be a sell form the level 90.21
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD in a bearish direction below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. Also, MA oscillators indicate a bearish cross on the short MA line.

GBP/USD-market strategy can be a buy from the level 1.6403$
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines are in a bullish direction. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. Also, MA oscillators indicate a bullish cross on the short MA line

USD/CHF-market strategy can be a sell from the level 1.0218
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bearish direction above the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction. Also, MA oscillators indicate a bearish cross on the short MA line.





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EURUSD


Comment: Hovering around Fibonacci support as we consolidate under this year’s high, wondering which exactly is this year’s currency of choice when leveraging or de-leveraging. Allow for more of the same today and slow work all week. At-the-money implied volatility might pick up this month.

Strategy: Possibly attempt small longs at 1.4750; stop below 1.4650. Short term target 1.4855, maybe 1.4900
Direction of Trade: →
Chart Levels:
Support Resistance 1.4750 “ 1.478 1.47 1.4825 1.4681* 1.4860* 1.465 1.49 1.4625 1.4928 GBPUSD


Comment: Sterling is trapped below important resistance around 1.6665 and support from the growing Ichimoku ‘cloud’ and Fibonacci retracement. This should dominate again this week so that Cable moves less than other currencies, the pound gaining against some of these though not keeping up with the Yen which should again be one of the stronger currencies this month.
Strategy: Attempt small longs at 1.6395; stop well below 1.6200. First target 1.6600/1.6665
Direction of Trade: →
Chart Levels:
Support Resistance 1.6346 “ 1.648 1.63 1.658 1.625 1.6635/1.6665* 1.62 1.6745* 1.6100* 1.68 USDJPY


Comment: The very large Ichimoku ‘cloud’ has pushed this pair down below the 26-day average at 90.17. The US dollar is still not oversold and momentum has yet to turn bearish so plenty of further downside pressure left over for this month. Good futures volume on declining open interest suggests any are bailing out. Expect repeated cautious downside testing of a series of key support levels between 89.00 and 87.00 this month, then lower to key 85.00.
Strategy: Attempt shorts at 90.00, adding to 90.50; stop above 91.65. Short term target 89.25, then 88.50.
Direction of Trade: →
Chart Levels:
Support Resistance 89.90 “ 90.25 89.65 90.5 89.35 91 89.18* 91.30* 88.85* 91.65* EURJPY


Comment: Plunging below the Ichimoku ‘cloud’ as all Yen crosses are hit hard. This week we shall see a series of downside tests of trendline support here and in all the others too. Note that momentum has yet to turn bearish and the Euro is currently not oversold against the Yen. Implied volatility has picked up and could trade a lot higher.
Strategy: Attempt shorts at 132.80 but only if prepared to add to 134.00; stop above 136.00. Short term target 132.00, then 131.00, eventually another big slide lower still.
Direction of Trade: →
Chart Levels:
Support Resistance 132.30 “ 133.23 131.9 134 131.00* 134.75 132.8 135.25 131.00* 136 Mizuho Corporate Bank

EUR/USD

Current level-1.4746
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523.
Friday’s minor downtrend reached the previous low at 1.4680, thus confirming, that a corrective pattern is underway, preceding a deeper drowning towards 1.4450. Intraday bias is neutral and there is a chance for one more test in the 1.4815 area, before breaking below 1.4680

Resistance		Support
intraday	intraweek	intraday	intraweek
1.4860	1.5063	1.4680	1.4444
1.4930	1.6040	—	1.4190

USD/JPY

Current level – 90.10
A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated below the 50- and 200-day SMA, currently projected at 94.86 and 94.84.
As expected, the pair broke through 90.83 and 90.20 support levels, reaching low at 89.17. Current bias is positive, testing 90.20 resistance area and later today a break above is to be expected, towards 90.86. On the larger frames current dynamics is a part of the consolidation pattern above 88.01. Intraday support comes at 89.80.

Resistance		Support
intraday	intraweek	intraday	intraweek
90.20	92.40	89.80	88.01
90.86	97.79	89.17	83.53

GBP/USD

Current level- 1.6429
The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50- and 200-day SMA, currently projected at 1.6454 and 1.5258.
Current bias is negative, aiming at 1.6250, en route to 1.6130 support area. Crucial on the upside is 1.6513 and a break below 1.6344 is expected to trigger a massive sell-off towards 1.6130.

Resistance		Support
intraday	intraweek	intraday	intraweek
1.6513	1.6752	1.6344	1.6130
1.6752	1.7042	1.6250	1.5352

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Here are a few stocks to watch for Monday Nov 2

Two Sub Penny stocks that are very close to moving up imo

IGNT has a few more shares to sell before we see a bounce imo. Watch the low .002 ranges very closely, we could be setting up for a major run up after that. The last two times we hit .002 to .0024 ranges we saw a run up shortly after that to .007 and .0084 ranges. I think that is possible once again if we can hold .002s



AGEL we talked about last week and I think this one is also very close to cleaning out the .0002s and testing .0003s or higher. Each time it runs it usually hits .0006 ranges so this is where my possible price target is for AGEL over the next week



Mid Cap prices

MESA coming off a long downtrend and now looks to find a base at the 200 mA line at .16 here. If we bounce we could see low to mid .20s again for a quick hit.



CGCA appears to be settling in the low to mid .40s here and could be a nice swing trade back into the low to mid .50s or even .60 ranges. Worth a radar for the week imo



PTEC after a long fall from the 3.00$+ ranges we could see a return of 2.90 where the 20 and 200 MA lines sit currently. Must hold support at 2.00 and 2.10 ranges below.

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The average price paid for houses in Scotland continued to decline in the year ending September 26, according to latest figures from the Registers of Scotland. The average figure was £149,546 — 4.3% lower than the previous 52-week period.

Unsurprisingly, there were some significant regional disparities. Average prices fell by 17% in Inverclyde, 13% in West Dunbartonshire, 10% in Renfrewshire 10%, 9.4% in North Ayrshire and 8.9% in East Lothian.

Elsewhere, the market was stronger. In Argyll and Bute, the fall was only 1.4%, in Angus it was 1.8%, Moray 2.2%, East Dunbartonshire 2.3% and South Lanarkshire 2.4%. The statistics have been compiled using sales between £20,000 and £1m to ensure that the average is not distorted by single transactions.

Figures for the 28-day period ending on September 26 show even more variation. Average prices paid in Inverclyde are 19% lower than in the previous 28-day period. In Dumfries and Galloway, there has been a month-on-month fall of 12% in average prices. In Stirling, it was 10%, while East Renfrewshire and East Ayrshire recorded 9% falls.

In Angus, however, the picture was completely different. Average prices were 13% up on the previous 28-day period. They had also risen in East Lothian (10%), Argyll and Bute (10%), Scottish Borders (7%) and Falkirk (5%).

It is usual to expect a modest rise in prices in September, compared with August.

It would be wrong to read too much into the figures, as the small number of transactions means the sample may not be representative. However, it seems clear that Scotland is a place of disparate markets that are moving at different speeds and in different directions.

FRANKFURT — Eurozone interest rates are set firmly on hold and any signs of change will probably show up first in the European Central Bank’s exceptional loan support measures, analysts say.
“The ECB will leave interest rates on hold at 1.0 percent at its November policy meeting,” Capital Economics economist Jennifer McKeown said on Friday. Bank policymakers convene on Thursday.
The rate has been at a record low since May and persistent concern over the strength of an anticipated eurozone economic recovery will keep it there for some time, experts say.

European business and consumer confidence is on the rise, having firmed in October for the seventh consecutive month, but ECB president Jean-Claude Trichet has stressed that a recovery would be “uneven.”
The euro’s rise in value against the dollar has stirred up a headwind for exports from eurozone countries, while domestic consumption remains fragile amid fears that unemployment could climb higher in 2010.
The US Federal Reserve and the ECB “still harbour doubts about the pace of recovery and expect only lacklustre growth in the medium term,” Commerzbank economists said in a research note.
But the ECB has also warned banks to brace for the end of “enhanced credit support,” which expanded after the US investment bank Lehman Brothers collapsed in September 2008.
ECB governing council member Axel Weber, who is also the German central bank governor, commented last week that dependence on central bank funds was “certainly not a sustainable business model.”
“Banks should prepare for the progressive withdrawal of medicine administered by central banks,” Weber said.
The main feature of ECB support has been the supply of unlimited amounts of cash at its benchmark rate for periods of up to a year, aimed at keeping credit flowing through eurozone banks to the wider economy.
Reaching a peak in June with one-year loans of 442 billion euros (655 billion dollars) — the largest volume of funds ever provided in a single step — the policy has helped bring down interbank lending rates.
But banks have been slow to relay much of the credit to businesses and households, saying that demand has fallen as a result of the global downturn.
In September, eurozone lending to the private sector contracted for the first time on record, though an ECB bank lending survey showed later that banks could begin easing credit standards soon and that demand for home mortgages was firmer.
The economic think tank Ifo said Friday that the credit hurdle in Germany, the eurozone’s largest economy, was slightly lower in October though large firms found it harder than smaller ones to secure loans.
As a first step in what is called an “exit strategy” for unorthodox measures, the ECB could announce that its next 12-month refinancing operation in December could be the last, and/or that it will begin to charge more than 1.0 percent for central bank funds.
But Weber implied that the policy of granting all requests for funds, also an exceptional measure, would likely be continued even after the length of time they are loaned for was cut back towards the previous maximum of three months.

The first week of November is packed with major events: rate decisions in the US, Britain, Europe and Australia, and many employment figures, with the king of forex, Non-Farm Payrolls, the king of forex, closing the week with the monthly circus. There are lots of other events to open the month. Take a deep breath:
After a week of dollar correction, that also saw some panic, the excellent GDP in the US calmed down traders. Renewed risk appetite weakened the dollar. Apart from the usual economic indicators reviewed here, not the G20 meetings taking place at the weekend.

Monday, November 2nd: Australian HPI is the first noteworthy event of the week. It’s expected to turn positive this time. Also note Australian Commodity Prices which are expected to rise.
In Japan, Average Cash Earnings are expected to drop once again. In Switzerland, the SLVE PMI is predicted above 50 points, and perhaps push the Swissy towards parity.
British Manufacturing PMI is expected to edge up above the 50 mark, showing expansion in Britain’s manufacturing sector. Halifax HPI is expected to rise by 0.8%, half of last month’s rise.
In the US, ISM Manufacturing PMI is predicted to rise to 53.1 points, indicating more expansion. Pending Home Sales aren’t expected to repeat the leap from last month, but are expected to be positive, contrary to last week’s New Home Sales. Both figures are published at the same time.
New Zealand’s Labor Cost Index is expected to rise in the third quarter, but not in a way that would imply a rate hike.
Tuesday, November 3rd: After being the first country to raise the rates, Australia will probably be also the second. Glenn Stevens will probably raise the Cash Rate to 3.5%. AUD/USD will also shake by the RBA Rate Statement, which will hint about future policy.
In Britain, Construction PMI is predicted to edge up, but remain under 50, showing that the rise in house prices doesn’t affect the whole sector. US Factory Orders are expected to rise by 0.8% after falling last month.
Wednesday, November 4th: British Nationwide Consumer Confidence is predicted to edge up, enough time before the MPC meeting, and could impact the rate decision.
A day after the rate decision, Australian Building Approvals are expected to rise nicely, while Retail Sales are only expected to rise by 0.5%. Both figures are published at the same time, moving the Aussie.
In Britain, Services PMI are expected to remain stable, above 50 points, showing that this sector is strong. This should supply fuel to the British Pound.
In the US, ADP Non-Farm Employment Change can give some indication to Friday’s Non-Farm Payrolls. ADP Non-Farm Payrolls are predicted to fall once again, this time by 187K.
Completing Monday’s release, ISM Non-Manufacturing PMI is also expected to edge up to 51.7 points.
The rate decision in the US isn’t expected to bring a rate hike: the Federal Funds Rate is expected to stay at a maximum level of 0.25%. Talks about the recovery, as seen in the great GDP results, will be of interest in the FOMC Statement. Also the bond buying scheme (known as dollar printing) will be important.
In New Zealand, employment figures are expected to be bad, with a drop in the employment of 0.3%, and a rise a jump in the unemployment rate to 6.4%. Contrary to my expectations, there was no rate hike in New Zealand – this hurt the kiwi.
Thursday, November 5th: Australian Trade Balance is expected to show another month of deficit. Then, RBA Governor Glenn Stevens will talk, and might shed some light on future policy. Swiss CPI is predicted to rise by 0.6%.
British Manufacturing Production is expected to rise this time. It’s only a prelude to the rate decision.
The Official Bank Rate in Britain is expected to remain at 0.5%. The more interesting part of the MPC Rate Statement is the Quantitative Easing program, also know as the Asset Purchase Facility. Following last month’s bearish hints by the BoE and the ongoing recession in Britain, the program is expected to grow to 225 billion pounds. The program has run out of money, and new pound printing is probably necessary. GBP/USD might crash.
Jean-Claude Trichet’s ECB isn’t expected to bring any surprises: the European Minimum Bid Rate is expected to stay at 1%. He might refer to the slow recovery in the continent at the ECB Press Conference.
Before the rate decision, European Retail Sales are released, and they’re expected to rise by 0.4%.
In the US, weekly Unemployment Claims are expected to stay rather stable at 519K. In Canada, Ivey PMI is expected to take a break and drop this time. Will the loonie recover from the impact of the rate decision?
Friday, November 6th: Britain’s NIESR GDP Estimate is published early in the day. It proved itself in estimating the ongoing British recession. Later in Britain, PPI Input is expected to turn positive once again.
Canadian employment figures are expected to be stable. The unemployment rate is predicted to remain at 8.4% while 10K jobs are expected to be added. Last time, great employment figures sent the Canadian dollar much higher.
American Non-Farm Payrolls are expected to fall by 171K. This will be an improvement, but will still show job losses in the US. The accompanying figure, the Unemployment Rate, is expected to edge up to 9.9%. A 10% rate or more will have a huge effect on the markets. This is what Obama talked about, but a double digit rate isn’t common in the US, and was last seen 26 years ago. Whatever the results are, the markets will go up and down strongly around the release.

After a disappointing GDP result, USD/CAD is far from parity. This week’s employment figures are among the events that will impact the loonie. Here’s an outlook for this week’s Canadian events, and an updated technical analysis for USD/CAD:
USD/CAD Chart with support and resistance lines marked:
Canadian GDP had many reasons to rise, but it fell. This week’s disappointing GDP result hurt the Canadian dollar. Can employment help it? It did last month. Let’s review the events this week:

1. John Murray talks: BOC Deputy Governor John Murray will talk about the way that the BOC works, and will probably talk about future policy. Will he add more dovish statement to those in the recent rate decision? Last time, he stated that Canada’s economic recovery isn’t assured. His speech, on Wednesday at 13:05 GMT, may dovish this time as well.
2. Building Permits: This major housing indicator has gone mad in recent months: falling by 11.4% and then rising by 7.2%. Building Permits are expected to rise this time in a normal pace of 1.3%. Published on Thursday at 13:30 GMT.
3. Ivey PMI: The Richard Ivey School of Business releases this highly regarded figure on Thursday at 15:00 GMT. In the past 4 months, his purchasing managers’ index has been above 50, indicating expectations for economic expansion. Last month, this figure was the highest in 14 months, at 61.7 points. It’s predicted to calm down this time, and drop to 60.9 points.
4. Employment Change: The number of employed people has grown very nicely in the past two months. Last month’s release of 30.6K was 6 times the original expectations. This significantly strengthened the Canadian dollar. This time, the number is expected to be 10.3K.
5. Unemployment Rate: The twin figure of the employment change was also a huge surprise last month, falling to 8.4%, the lowest in 4 months. This time, it’s expected to remain stable at the same rate. The release of these figures will shake the USD/CAD.

USD/CAD Technical Analysis
The fear that took over this week sent USD/CAD above the 1.0625 resistance line. Even the good GDP from the US didn’t push it back below this line, which served as strong resistance. The pair closes the week under the 1.08 resistance line.
Above 1.08, a strengthening greenback would meet resistance only at 1.1130, a line that was tested twice in the summer. This is a strong resistance line.
Below 1.0625, the Canadian dollar will meet initial support at 1.0400, which was the area it broke into a few weeks ago. It also served as a pivotal line in September and October 2008.