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US Regional Equity Daily
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| Tel: +44 (0)207 0991138 |
Wednesday, November 10, 2010
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| Market comment |
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US indices declined yesterday as the Dow Jones struck against the 11500 resistance area and the S&P 500 fell back below its late April high. Regarding sectors all ended in the negative territory with real estate felling almost 4% while banks and diversified financial stocks dropped more than 2%.
Asian markets were mixed. European indices are trading down while US futures call for a flat to upper start.
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| Economic releases |
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US 07:00: 11/05 MBA Mortgage Applications
US 08:30: Sep Trade Balance, exp.: -$45.0B
US 08:30: Oct Import Price Idx MoM, exp.: 1.2%
US 08:30: 11/06 Initial Jobless Claims, exp.: 450K
US 08:30: 10/30 Continuing Claims, exp.: 4303K
US 14:00: Oct Monthly Budget Statement, exp.: -$140.0B
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| Corporate events |
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Results
Cisco Systems (CSCO): Q1
Dividends
Aetna (AET): $0.04, CF Industries (CF): $0.1, Du Pont De Nemours (DD): $0.41, Eli Lilly (LLY): $0.49, Exelon Corp (EXC): $0.525, Helmerich & Payne (HP): $0.06, Jabil Circuit (JBL): $0.07, Kla Tencor Corporation (KLAC): $0.25, Kroger (KR): $0.105, Prologis (PLD): $0.1125, Rockwell Automation (ROK): $0.35, Rockwell Collins (COL): $0.24, Teco Energy (TE): $0.205, UPS (UPS): $0.47, Walgreen (WAG): $0.175
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| INDICES |
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Dow Jones Fut. (60min)
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Our Preference: LONG positions above 11190 with 11445 & 11480 as next targets.
Alternative scenario: The downside penetration of 11190 will call for a slide towards 11050 & 11000. |
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Last |
%Day |
%5D |
%1M |
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Fair Value |
| Dow Jones |
11347 |
-0.53 |
1.41 |
3.09 |
Dow Jones DEC 10 : 11316 |
-35,7 |
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Nasdaq 100 Fut. (60min)
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Our Preference: LONG positions above 2156 with 2200 & 2213 as next targets.
Alternative scenario: The downside breakout of 2156 will open the way to 2145 & 2135. |
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Last |
%Day |
%5D |
%1M |
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Fair Value |
| Nasdaq 100 |
2177 |
-0.55 |
1.17 |
7.39 |
Nasdaq 100 DEC 10 : 2177 |
-3 |
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S&P 500 Fut. (60min)
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Our Preference: LONG positions above 1198 with 1215 & 1225 in sight.
Alternative scenario: The downside breakout of 1198 will open the way to 1183 & 1175. |
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Last |
%Day |
%5D |
%1M |
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Fair Value |
| S&P 500 |
1213 |
-0.81 |
1.66 |
4.14 |
S&P 500 DEC 10 : 1211 |
-2,4 |
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| FAVOURITE STOCKS |
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| Stock |
Ticker |
Last |
%Chg |
ST trend |
MT trend |
Sup 3 |
Sup 2 |
Sup 1 |
Res 1 |
Res 2 |
Res 3 |
Event |
| AIG | AIG | 42.86 | -3.97 |  | | 37.5 | 38.8 | 40.1 | 45.7 | 46.6 | 48.8 | | | Ford Motor | F | 16.07 | -2.07 | | | 13.9 | 14.4 | 14.9 | 16.9 | 17.2 | 18.1 | overbought | | General Electric | GE | 16.62 | -0.54 | | | 15 | 15.4 | 15.8 | 17.1 | 17.3 | 18 | | | IBM | IBM | 146.14 | -0.22 | | | 136.6 | 138.8 | 141.1 | 149 | 150.6 | 154.5 | overbought | | Travelers Companies | TRV | 56.58 | 0.00 | | | 53.2 | 54 | 54.7 | 57.3 | 57.8 | 59 | |
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| STOCKS TO WATCH |
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| Selection of stocks likely to move on an intraday basis within the Nasdaq 100 and/or Dow Jones Industrial Average. |
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Citigroup (C)
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Our preference: as long as 4.22 is support, we are bullish. In this case, the upside breakout of 4.41 will trigger a bullish acceleration towards 4.52.
Alternative scenario: a downside breakout of 4.22 would open the way to 4.15. |
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Target (TGT)
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Our preference: as long as 55.35 is a resistance, we are bearish with a target at 53.25.
Alternative scenario: a break above 55.35 would open the way to 56.16. |
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| TECHNICAL ALERTS |
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They are based on mathematical indicators and can be used to determine change of trend or market acceleration. They are based on the following indicators: 20D & 50D moving average, 20D Bollinger bands, 14D RSI and MACD.
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Bullish alerts
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| Name |
Ticker |
Last |
%Chg |
Signal |
| American Express |
AXP |
43.36 |
-1.23 |
20D/50D MA crossover |
| ConocoPhillips |
COP |
62.03 |
-0.61 |
MACD signal line crossover |
| EMC Corp |
EMC |
22.02 |
0.64 |
Upper Bollinger crossover |
| Exxon Mobil |
XOM |
70.63 |
0.44 |
Upper Bollinger crossover |
| Monsanto |
MON |
62.77 |
0.75 |
RSI14 - 70 crossover |
| Pepsico |
PEP |
65.30 |
0.29 |
MACD signal line crossover |
| Sara Lee |
SLE |
15.21 |
2.77 |
Upper Bollinger crossover |
| Time Warner |
TWX |
31.82 |
0.95 |
20D MA crossover |
| Williams |
WMB |
22.95 |
1.55 |
Upper Bollinger crossover |
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Bearish alerts
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| Name |
Ticker |
Last |
%Chg |
Signal |
| Alcoa |
AA |
13.75 |
-1.51 |
RSI14 - 70 cross under |
| Altria |
MO |
25.58 |
-1.12 |
RSI14 - 70 cross under |
| American Electri. |
AEP |
36.90 |
-0.08 |
MACD signal line cross under |
| Amgen |
AMGN |
54.93 |
-0.65 |
MACD zero line cross under |
| Baker Hughes |
BHI |
49.51 |
-1.61 |
RSI14 - 70 cross under |
| Bank of New York. |
BK |
27.75 |
-1.14 |
RSI14 - 70 cross under |
| Bristol Myers Sq. |
BMY |
26.25 |
-0.83 |
Lower Bollinger cross under |
| Capital One Fina. |
COF |
38.73 |
-3.37 |
50D MA cross under |
| Chevron |
CVX |
83.56 |
-1.46 |
20D MA cross under |
| Comcast |
CMCSA |
20.77 |
-0.66 |
RSI14 - 70 cross under |
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| CANDLESTICK PATTERNS |
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They can provide a good indication of investor psychology at a certain time. Some patterns can consist of one or a combination of candles and can be used to spot reversal patterns.
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Bullish Patterns
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| Name |
Ticker |
Last |
%Chg |
Candlestick |
Inv. |
| Dell Computer |
DELL |
14.41 |
0.84 |
Bullish engulfing |
14.26 |
| Home Depot |
HD |
31.47 |
-0.06 |
Hammer |
31.18 |
| Medtronic |
MDT |
35.52 |
0.51 |
Morning Star |
35.05 |
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Bearish Patterns
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| Name |
Ticker |
Last |
%Chg |
Candlestick |
Inv. |
| Alcoa |
AA |
13.75 |
-1.51 |
Bearish engulfing |
14.05 |
| Altria |
MO |
25.58 |
-1.12 |
Belt hold - |
25.95 |
| Amazon.com |
AMZN |
170.27 |
-1.00 |
Bearish engulfing |
172.67 |
| American Expr. |
AXP |
43.36 |
-1.23 |
Bearish engulfing |
43.98 |
| Apple |
AAPL |
316.08 |
-0.80 |
Bearish engulfing |
321.05 |
| Avon Products |
AVP |
28.85 |
-1.30 |
Three inside down |
29.84 |
| Baker Hughes |
BHI |
49.51 |
-1.61 |
Bearish engulfing |
50.52 |
| Bank of New Y. |
BK |
27.75 |
-1.14 |
Bearish engulfing |
28.17 |
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Neutral
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| Name |
Ticker |
Last |
%Chg |
Candlestick |
Inv. |
| No signal |
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| SECTOR PERFORMANCE VS. S&P 500 |
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Find out which ETF sectors are performing the best and worst against the S&P 500.
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1 day relative performance (%)
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| Sector |
Ticker |
Last |
%Chg |
SPY |
| Energy |
XLE |
62.38 |
-0.19 |
0.53 |
| Technology |
XLK |
25.05 |
-0.28 |
0.44 |
| Utilities |
XLU |
31.76 |
-0.35 |
0.38 |
| Health Care |
XLV |
31.24 |
-0.41 |
0.31 |
| Consumer Stap. |
XLP |
28.91 |
-0.52 |
0.20 |
| Industrial |
XLI |
32.99 |
-0.90 |
-0.18 |
| Consumer Disc. |
XLY |
36.12 |
-0.91 |
-0.19 |
| Materials |
XLB |
35.77 |
-1.76 |
-1.05 |
| Financial |
XLF |
15.17 |
-1.87 |
-1.16 |
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5 day relative performance (%)
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| Sector |
Ticker |
Last |
%Chg |
SPY |
| Energy |
XLE |
62.38 |
4.03 |
2.21 |
| Financial |
XLF |
15.17 |
3.94 |
2.11 |
| Materials |
XLB |
35.77 |
1.79 |
0.01 |
| Technology |
XLK |
25.05 |
1.79 |
0.00 |
| Industrial |
XLI |
32.99 |
1.54 |
-0.24 |
| Consumer Disc. |
XLY |
36.12 |
1.49 |
-0.29 |
| Consumer Stap. |
XLP |
28.91 |
0.31 |
-1.45 |
| Utilities |
XLU |
31.76 |
-0.06 |
-1.82 |
| Health Care |
XLV |
31.24 |
-0.73 |
-2.47 |
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1 month relative performance (%)
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| Sector |
Ticker |
Last |
%Chg |
SPY |
| Technology |
XLK |
25.05 |
7.46 |
2.98 |
| Energy |
XLE |
62.38 |
6.89 |
2.43 |
| Consumer Disc. |
XLY |
36.12 |
5.12 |
0.74 |
| Materials |
XLB |
35.77 |
4.47 |
0.11 |
| Financial |
XLF |
15.17 |
3.20 |
-1.11 |
| Consumer Stap. |
XLP |
28.91 |
2.55 |
-1.72 |
| Industrial |
XLI |
32.99 |
2.47 |
-1.80 |
| Health Care |
XLV |
31.24 |
1.53 |
-2.71 |
| Utilities |
XLU |
31.76 |
-0.28 |
-4.44 |
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| STOCK PERFORMANCE IN SECTORS |
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Find out which stocks are performing the best and worst within the ETF sectors.
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1 day relative performance (%)
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| Energy |
Ticker |
Last |
%Chg |
vs Sector |
| Range Resources . |
RRC |
42.60 |
4.57 |
4.77 |
| Cabot Oil & Gas . |
COG |
33.80 |
4.00 |
4.20 |
| Rowan Cos |
RDC |
31.40 |
-3.72 |
-3.53 |
| Massey Energy Co |
MEE |
44.90 |
-4.14 |
-3.96 |
| Health Care |
| Bard (CR) Inc |
BCR |
85.90 |
1.39 |
1.81 |
| Watson Pharmaceu. |
WPI |
52.00 |
1.25 |
1.67 |
| Mylan Inc |
MYL |
19.50 |
-2.55 |
-2.15 |
| Coventry Health . |
CVH |
25.70 |
-3.21 |
-2.80 |
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5 day relative performance (%)
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| Energy |
Ticker |
Last |
%Chg |
vs Sector |
| Consol Energy |
CNX |
41.50 |
13.04 |
8.65 |
| Cabot Oil & Gas . |
COG |
33.80 |
10.81 |
6.51 |
| Rowan Cos |
RDC |
31.40 |
-0.76 |
-4.61 |
| EOG Resources |
EOG |
92.00 |
-5.88 |
-9.53 |
| Health Care |
| Coventry Health . |
CVH |
25.70 |
7.32 |
8.11 |
| Tenet Healthcare |
THC |
52.10 |
6.29 |
7.07 |
| Gilead Sciences |
GILD |
38.50 |
-4.51 |
-3.81 |
| Allergan |
AGN |
69.00 |
-7.45 |
-6.77 |
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1 month relative performance (%)
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| Energy |
Ticker |
Last |
%Chg |
vs Sector |
| Massey Energy Co |
MEE |
44.90 |
28.29 |
20.03 |
| National Oilwell. |
NOV |
58.30 |
25.14 |
17.08 |
| Marathon Oil |
MRO |
33.60 |
-5.27 |
-11.38 |
| EOG Resources |
EOG |
92.00 |
-7.51 |
-13.47 |
| Health Care |
| King Pharmaceuti. |
KG |
14.10 |
37.15 |
35.09 |
| Coventry Health . |
CVH |
25.70 |
17.38 |
15.61 |
| Abbott Laborator. |
ABT |
50.10 |
-5.23 |
-6.65 |
| CareFusion |
CFN |
23.20 |
-5.35 |
-6.77 |
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Foreign Indices
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Last |
%Day |
%5D |
%1M |
| FTSE 100 |
5844 |
-0.53 |
1.66 |
3.30 |
| Dax 30 |
6763 |
-0.36 |
2.20 |
7.50 |
| Cac 40 |
3921 |
-0.63 |
2.03 |
4.19 |
| SMI |
6581 |
-0.01 |
1.05 |
3.43 |
| Nikkei 225 |
9831 |
1.40 |
7.32 |
2.52 |
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Forex
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Last |
%Day |
%5D |
%1M |
| Euro Dollar |
1.3752 |
-0.15 |
-2.74 |
-0.89 |
| Dollar Yen |
82.37 |
-0.83 |
-1.58 |
-0.36 |
| Crude Oil |
86.41 |
-0.36 |
2.03 |
3.67 |
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The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects current judgment and may change without notice. This message is intended for Twowaymarkets members area registered users only.
This information is provided by Saxo Bank A/S for clients of Twowaymarkets. Twowaymarkets is a trading name of TMS Capital Limited, a firm authorised and regulated by the Financial Services Authority. Trading Contracts for Differences (CFDs), Futures and spread betting carries a high level of risk to your capital, and is not suitable for all investors. Only speculate with money you can afford to lose. Trading or placing any bets can result in consumers incurring liabilities in excess of their initial stake. Please ensure you fully understand the risks, and seek independent advice if necessary. Directors, officers, employees and representatives of TMS Capital Limited may or may not have an interest in any of the securities mentioned in this communication. Also please note that past performance of an advice service is not a guide to future performance.
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