• QC#185, June 20, 2011
    Jun. 20, 2011
  • Credit; Cras Credemus
    The investor sentiment in the European credit market suddenly changed on Monday afternoon. Whether it’s just another dead cat bouncing, or investors really see the situation improving, we will find out tomorrow as Greek Prime Minister George Papandreou face a vote of no confidence.... More »
    Jun. 20, 2011
  • Momentrix View of the Markets-Monday June 20, 2011
    The market experienced a reversal higher after a slight gap down this morning, the result of more worries over Greece out of Europe. The Dow Industrials and Dow Transports had the most positive action today as far as technical repair. Financials again lagged and we are looking for this group to... More »
    Jun. 20, 2011 MNK, PRGO, ILMN
  • The Real Global Debt Crisis Is At The US Treasury
     WE ALL KNOW Greece has a debt problem.  Specifically, Greece cannot pay the interest on the debts that it owes.  Greece needs €12bn in financial aid, or it will default on its sovereign debt in mid-July.  But what about the debt woes of the United States... More »
    Jun. 20, 2011
  • Himax Technologies, Inc. (HIMX) Announces Share Buyback Program, Reiterates Quarterly Guidance
    Taiwan based semiconductor company Himax Technologies announced a $25 million share buyback program, after reiterating its second quarter guidance. Although the share buyback program does not require a specific purchase, it authorizes the company to buy up to $25 million of Himax American... More »
    Jun. 20, 2011 HIMX
  • ISHARES Barclays 20+ Yr Treas (NYSE: TLT) at Resistance
    June 21, 2011Shares of ISHARES Barclays 20+ Yr Treas (NYSE: TLT) have reached a strong resistance level.TLT has surpassed both its 50-day and 200-day moving averages and the 50-day average has just crossed above the 200-day average. This is bullish.Over the past several days, TLT has reached... More »
    Jun. 20, 2011 TLT
  • Latest COT Currency Report Data 06 14 2011
    Typically the expiration of a futures contract results in a large contraction in the open interest (OI), and this period was no exception.  T he biggest decrease was in the euro, 101,249 contracts, followed by the A$, 29,856, and the pound, 22,668.  Only the C$ had an increase in the... More »
    Jun. 20, 2011
  • Confusion Prevails Concerning the Greek Bail Out
    After an early session sell off the euro has recovered, now trading about the 1.43 handle.  The sanctity of the euro, as perceived by the present class of politicians, and the bankers involved with Greek exposure, is much too important to let some rioters in Greece, and a vote in the Greek... More »
    Jun. 20, 2011
  • Weekly RS Recap
    The table below shows the performance of a universe of mid and large cap U.S. equities, broken down by relative strength decile and quartile and then compared to the universe return.  Those at the top of the ranks are those stocks which have the best intermediate-term relative strength.... More »
    Jun. 20, 2011
  • Allana Potash increases resources at Danakhil potash project
    Toronto-based Allana Potash Corp. (CVE:AAA) (OTCQX:ALLRF) announced Monday a significant boost to its resource estimate for the company's Danakhil potash project in Ethiopia. The updated NI 43-101 compliant report estimated total measured and indicated resources of 673 million tonnes, with an... More »
    Jun. 20, 2011