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TheInformant
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I scour the web to find the best and most important news to help you make money in the world's financial markets. My job is to keep you informed.
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  • Israel Warns Citizens, Bank Profits Return, SPX Reaching Critical Resistance - Daily Links 1 comment
    Apr 14, 2010 8:50 AM | about stocks: SPY
     1. As Israel and the US are allies, any military action Israel is involved in can lead to US involvement. War hype tends to be bullish for gold and oil.

    War With Israel Imminent?

    Israel's anti-terror bureau warned on Tuesday that a terror attack in Egypt's Sinai Peninsula is imminent and all Israelis must leave the region. The warning message said, quoting intelligence sources, that a terror attack in which Israelis could be kidnapped is imminent, Israeli media reported. "We call on all Israelis now in Sinai to leave at once and return to Israel," the warning said. "Families of Israelis now in Sinai are requested to make contact and update them of this travel warning."
    2. As the chart below illustrates, bank profits have returned. Understanding how money is created can help us understand how the banking industry is capable of generating such returns; check the lessons on Understanding the Federal ReserveHow Banks Create Money, and Monetary Policy for more on this. 

    Via Paul Kedrosky


    3. We've been keeping a close eye on the S&P, as it is approaching critical resistance, and how it fares here may serve as a broader indication of where markets are headed. 

    From Vix and More:

    As the chart below (three years, weekly bars) shows, SPX 1225 is technically significant for several reasons. First of all, 1228 is the 61.8% retracement level from the October 2007 high to the March 2009 low. Second, the SPX 1225-1250 zone sits just below where the index closed (1251) on the Friday prior to the Lehman Brothers bankruptcy filing. Looking farther back, the 1225-1250 zone also defines support for the March 2008 (Bear Stearns) low and subsequent lows in the beginning of July 2008.

    Steve Meyers has also been highlighting the consolidating wedge on SPX.

    4. Tax authorities around the world are setting up special groups to target high net worth individuals. See the InformedTrades archive on taxes for more tax-related information for traders. 

    5. Forexliving shares with us a couple USDCHF charts -- see one below. 



    Ruben also shares some EURUSD charts with us in his journal. 

    6. And lastly, I'm pleased to annnounce InformedTrades rebates: earn InformedPoints by making purchases through InformedTrades. All a part of our trajectory in ensuring that not only do we learn together, but that we also earn together as well.

    InformedTrades



    Disclosure: Long gold.
    Themes: banking, israel, taxes Stocks: SPY
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  • tradingxyz
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    interesting charts ...whats your opinion regarding the fib points mentioned above...
    14 Apr 2010, 12:43 PM Reply Like
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