Friday, August 24, 2012

Silver is also set for a correction

Silver is also set for a correction:
Hi friends,

Like Gold, Silver is also set for a correction soon. Silver has rallied all the way from $26.60 to $30.50 today in exactly one month's time frame. Below is the chart showing its Stochastic RSI moves:-



According to Stochastic RSI, D is at 76.93 whereas K is at 92.38. I am expecting K to soon cross below D & confirm the sell signal.

Bollinger Bands on the other hand is also giving clear sell signal:-



The RSI is also in overbought zone now.... out of 3 RSI's 2 are already in overbought zone. Below is the chart showing all the 3 RSI's:-



In stead of RSI, I rely much on its stochastic moves, which I believe shows much clear pic.

So IMHO, this silver rally like gold should also fade out soon. Or max it can stretch little more which we often see happening with positive sentiments.

regards,
kiran..

Microsoft reveals new corporate logo for first time in 25 years

Microsoft reveals new corporate logo for first time in 25 years: NEW YORK, Aug 24 — Twenty-five years after Microsoft revealed their first corporate logo, the software company yesterday unveiled a new, more colorful design similar to that found on the company's Windows products.  The new logo features a multi-coloured symbol composed of four squares of blue, red, green and yellow, like the one found on ...


Facebook co-founder Moskovitz sold stock post lockup

Facebook co-founder Moskovitz sold stock post lockup: NEW YORK, Aug 25 — Facebook Inc co-founder Dustin Moskovitz sold 450,000 Class A shares over the past three days, his second such sale since last Friday, becoming the latest insider to sell shares following the end of the lockup, according to a regulatory filing late on Friday evening. Moskovitz, who was Facebook's first chief technology officer, ...


Monday, August 20, 2012

BSE | NSE gets 4th 5th place in emerging economies

BSE | NSE gets 4th 5th place in emerging economies:
Share |

So some good updates wrto Indian stock exchanges as Bombay Stock Exchange and National stock exchange got position in top 5 bourses for emerging markets.

Indian stock exchanges, Bombay Stock Exchange ranked fourth with market capitalization of 1,101.87 billion and National stock exchange followed with fifth rank as it has market capitalization of 1,079.39 billion. Out of total 14 bourses from emerging markets were ranked by World federation of exchanges. China and Brazil topped the list of emerging markets. Shanghai Stock Exchange topped with market capitalization of 2.4 billion dollars. Shenzhen Stock Exchange is second and Brazil's BM&FBOVESPA remained third.

However the not so good news wrto Bombay Stock Exchange is that it's net profit declined by 76% in last quarter. net profit of BSE declined to 15.4 crores only.

Technology Stocks, Including Baidu, Making Big Moves on August 20, 2012

Technology Stocks, Including Baidu, Making Big Moves on August 20, 2012: This morning's trading has marked a bad day for the market so far. The Nasdaq has slipped 0.2%; the S&P 500 has decreased 0.3%; and the Dow is trading down 0.2%. The technology sector is a category of ...

Thursday, August 16, 2012

Lenovo beats estimates with 30p Q1 profit rise

Lenovo beats estimates with 30p Q1 profit rise: HONG KONG, Aug 16 — Lenovo Group Ltd, the world's No.2 PC maker by sales, posted a 30 per cent rise in quarterly net profit, beating forecasts, though it logged its weakest growth in 1-1/2 years as China's economy slows. Lenovo, which ranks behind Hewlett Packard Co in PC sales, posted a net profit of US$141.367 million (RM424.1 million) for its ...


July Industrial Production Highlights; Factory Output Is Growing at 2X Rate of Overall Economy

July Industrial Production Highlights; Factory Output Is Growing at 2X Rate of Overall Economy:

The Federal Reserve released its report this morning on Industrial Production in July, here are some highlights:

1. Overall industrial output increased by 0.6% in July on a monthly basis, and by 4.4% on an annual basis, marking the 30th consecutive month of annual growth.

2. Annual increases were especially strong in July for business equipment (12.3%), motor vehicles and parts (26.5%) and overall manufacturing (5.0%), especially for durable manufactured goods (9.5%). 

3. The Federal Reserve reported motor vehicle assemblies of 11.01 million units in July (seasonally adjusted, annual rate), which was an increase of 29% over last year and the highest number of monthly assemblies in more than five years, going all the way back to June 2007 (see top chart above). Look for strong gains in vehicle sales to continue through the summer and fall, especially since banks are showing a new willingness to make car loans, see Monday's WSJ article "A Green Light for Car Loans" about the recent car-financing surge. 

4.  July's index for business equipment was just slightly below June's level, but was up by 12.3% compared to a year ago, and the index level for that market group of 104.5, is now slightly above the previous pre-recession peak in February 2008 of 104.4 (see chart above).  The transit component of the business equipment group registered the strongest annual gain in July at 28.1%.

MP: Overall, today's Fed report suggests that America's industrial sector continues to grow and remains at the forefront of the economic expansion - the June 2011-June 2012 growth rates in industrial production of 4.7% and 5.6% for factory output are more than twice the rate of growth in the overall economy of 2.2% for real GDP during the same period. Nothing in today's report on industrial output in July would suggest that the U.S. economy is on the front edge of a recession, especially with the strong performance for the production of auto assemblies (now at a five-year high) and business equipment (reached an all-time high in June), and the strong gains for durable goods manufacturing of 9.5%.

Update: From Scott Grannis, "The July industrial production numbers all but rule out the recession that many have been looking for. The economy went through a bit of a soft patch in the first half of this year, but now looks to be picking up. The folks at ECRI have a lot more 'splainin to do."

Graphing The Huge, Exponential Bakken Boom

Graphing The Huge, Exponential Bakken Boom:
Click to enlarge.
The chart above shows just how important the Bakken region of North Dakota has been to the state's exponential growth in oil production over the last six years.  As a direct result of fracking unconventional shale oil in the Bakken, North Dakota went from the fifth-largest oil producing state in 2007 to the second-largest oil producing state this year, after surpassing Oklahoma in 2008, and then both California and Alaska this year.  It's amazing how just one oil field in western North Dakota and eastern Montana has transformed the energy landscape of North America.   

HT: The chart was inspired by a similar one at the EIA's website

The Higher Education Academic Conference Racket

The Higher Education Academic Conference Racket:
At the risk of being accused of exposing one of higher education's "dirty little secrets," let's have a frank discussion about the market racket? for academic conferences.  This post was inspired by an email invitation I received today to attend an academic conference in Costa Rica next March at the Marriott Los Suenos Ocean Resort and Casino in Herradura, Costa Rica (pictured above).  It seems like I get one of these unsolicited invitations every week for an academic conference somewhere in the U.S. or overseas.  Here's how this "academic conference racket" works:

1. Promotion from assistant professor to associate professor with tenure at most universities is primarily based on publications in academic journals and presentations of research at academic conferences (which often then lead to publications).  Sure, teaching counts too, but marginal, below-average teaching can usually be offset by a strong publication record (but not vice-versa). 

2. Promotion from associate professor with tenure to full professor is also primarily based on academic publications and presentations at academic conferences.  Sure, teaching counts, but see above.  

Therefore, there is a HUGE demand from thousands of tenure- and promotion-seeking professors across the country (and around the world) to attend academic conferences, present their research, and then hopefully have that research subsequently published in an academic journal or in the conference proceedings, or sometimes both. Publications lead to tenure and promotion, and often large pay increases of $8,000 per year for promotion to associate professor, and $10,000 for promotion to full professor (those are the current increases at UM-Flint).  Another factor that increases the demand for academic conferences is that all travel expenses, conference fees, and meals are generally paid by the professors' academic institutions.   

That explains the demand side of the market, which as I said is HUGE.  Now what about the supply side?  Of course, it's grown to meet the high demand and it's no surprise that there is a large and growing "academic conference industry," along with a large and growing industry for academic journals to publish academic research (which is typically ignored, except for a few other academics).  

The National Business and Economics Society (NBES) is sponsoring the conference in Costa Rica and is just one of hundreds of academic organizations on the supply side of the academic conference and publishing industry.  Previous NBES conferences have been held in Hawaii (every other year), the Lesser Antilles, the West Indies, Puerto Rico, Mexico, the Virgin Islands and Key West (and never in Duluth, MN, Sagniaw, MI, or Buffalo, NY).  See a noticeable pattern?  Hold an academic conference in early March in an exotic location like Costa Rica, and professors will flock to those events, with all expenses paid for by their university students and/or taxpayers.  Let's be realistic, don't professors deserve a "Spring Break" getaway around the time their students are heading down to Daytona Beach or Miami Beach?   

Now, to attract the greatest number of scholars to an academic conference in an exotic location in March, should the organization make the academic focus of the conference broad or narrow?  Obviously, it should be as academically diverse as possible, and the NBES isn't holding back, it invites scholars from Finance, Accounting, Marketing, Management, Information Systems, Operations Research, Economics, Public Health and Administration, Psychology and related areas.  Wow, that's every department in the entire business school plus some almost unrelated departments in the College of Arts and Sciences! 

While they're on their all-expenses-paid trip to the four-day conference in Costa Rica (often with a spouse, who pays airfare but usually not for the accommodations), the professors can take advantage of a host of activities in Costa Rica during their ample free time (their academic obligation may only involve one 30-minute research presentation, or maybe one other session where they serve as a discussant) that includes shopping, dining, deep sea fishing, water sports, hiking, golf, tennis, and an on-site casino.

For the last four years, the NBES has published electronic "conference proceedings" (password protected) of the papers presented, which could count as an academic publication for some universities.  In that case, the professor gets credit for presenting academic research at a conference in Costa Rica and possibly for an academic publication for his or her paper in the conference proceedings, and that research may eventually lead to an academic publication, which may eventually lead to promotion, tenure and a large increase in salary. 

In the end, students (or their parents or taxpayers) ultimately pay for their professors to attend academic conferences in places like Costa Rica in March, and contribute to rising tuition and the "higher education bubble."  And it's not clear that students reap any benefits from these academic conferences relative to the costs, especially if the trade-off is lower tuition and fewer academic conferences, or higher tuition and more academic conferences.  The fact that community colleges typically charge tuition that is about 50% of a four-year university might partially be explained by the fact that professors at community colleges aren't under pressure to publish, and don't attend expensive, four-day academic conferences in Costa Rica, Hawaii and the Virgin Islands with the same frequency as their counterparts at 4-year colleges.    

Academics: Am I being unfair or inaccurate? If so, please respond. 

PETDAG Continues To Move Up To Support FBMKLCI

PETDAG Continues To Move Up To Support FBMKLCI:
PETDAG continues to move up this few days to push the index to new high. You may see all the Petronas share is moving to new high in history.

As long as the election date not been fix, I think PETDAG will continues to move higher. However, this show that Malaysia share index is very easy to manipulate by government.

BSE | NSE gets 4th 5th place in emerging economies

BSE | NSE gets 4th 5th place in emerging economies:
Share |

So some good updates wrto Indian stock exchanges as Bombay Stock Exchange and National stock exchange got position in top 5 bourses for emerging markets.

Indian stock exchanges, Bombay Stock Exchange ranked fourth with market capitalization of 1,101.87 billion and National stock exchange followed with fifth rank as it has market capitalization of 1,079.39 billion. Out of total 14 bourses from emerging markets were ranked by World federation of exchanges. China and Brazil topped the list of emerging markets. Shanghai Stock Exchange topped with market capitalization of 2.4 billion dollars. Shenzhen Stock Exchange is second and Brazil's BM&FBOVESPA remained third.

However the not so good news wrto Bombay Stock Exchange is that it's net profit declined by 76% in last quarter. net profit of BSE declined to 15.4 crores only.

Tuesday, August 14, 2012

German, French GDP data lift European shares

German, French GDP data lift European shares: LONDON, Aug 14 — European shares and the euro rose today as slightly better than expected performances by the German and French economies in the second quarter eased anxiety about wider euro zone data that are likely to show the bloc sliding back towards recession. After worrying China trade figures on Friday and yesterday’s report showing a ...


Foxconn to invest in Indonesian plant: Trade Minister

Foxconn to invest in Indonesian plant: Trade Minister: JAKARTA, Aug 14 – Foxconn Technology Group is to set up an operation in Indonesia with plans to invest US$5-10 billion over five to 10 years and starting with the assembly and production of 3 million handsets per year, Indonesia’s Trade Minister Gita Wirjawan told reporters today. The first investment will start in October and in phase two of the ...


Stocks rise after retail sales, Europe

Stocks rise after retail sales, Europe: U.S. stocks rose modestly Tuesday as investors welcomed encouraging data on the U.S. economy and from the eurozone.

Tesco sales growth closer to rivals' levels - Kantar

Tesco sales growth closer to rivals' levels - Kantar:

Tue Aug 14, 2012 8:07am EDT


LONDON, Aug 14 (Reuters) - The rate of sales growth at Tesco
, Britain's biggest retailer, rose closer to the rates
of its rivals in the 12 weeks to Aug. 5, industry data showed on
Tuesday.
    Market researcher Kantar WorldPanel said Tesco's sales
growth accelerated to 3.4 percent in the 12-week period from a
rate of 0.7 percent in similar data from the prior month.
    Sales grew by 6.2 percent at Wal-Mart's Asda,
Britain's No. 2 supermarket chain; by 4.6 percent at J Sainsbury
, the No. 3 player; and by 1.8 percent at Wm Morrison
, the No. 4.
    Kantar said the overall grocery market grew 3.9 percent.
    Tesco's market share was 30.9 percent in the 12 weeks, up
from 30.7 percent reported in the prior month's data and 31.0
percent in the same period last year. 
    "Shoppers might not yet notice it at the tills, but they are
starting to benefit from lower grocery inflation, with prices
now rising at 3.2 percent - the slowest rate for 18 months and a
sign that things are starting to look up," said Kantar retail
analyst Fraser KcKevitt.
    
    Following is a summary of market share and sales. 
                  12 wks to     12 wks to     pct change
                  Aug 5 2012    Aug 7 2011    
                                              
 Total till roll  31,175,890    30,392,490    2.6
 Total grocers    23,797,410    22,909,250    3.9
 Total multiples  23,283,470    22,378,000    4.0
 
    Market share (percent) and change in sales (percent)
                  12 wks to     12 wks to     pct change
                  Aug 5 2012    Aug 7 2011    in sales
 Tesco            30.9          31.0          3.4
 Asda             17.4          17.0          6.2
 Sainsbury        16.5          16.4          4.6
 Morrison         11.7          11.9          1.8
 Co-operative     6.7           7.1           -1.3
 Waitrose         4.5           4.4           7.4
 Aldi             2.9           2.4           26.0
 Lidl             2.8           2.6           11.8
 Iceland          2.0           1.9           7.0


Tesco sales growth closer to rivals' levels - Kantar
Health is Wealth Bullbear Stock Investing Notes

Thursday, August 9, 2012

Kerry Group closes Melbourne plant with plans for Malaysia move

Kerry Group closes Melbourne plant with plans for Malaysia move: MELBOURNE, August 9 – More than 100 jobs are to be lost as an international food company closes its Melbourne factory with plans to move to Malaysia and other countries in the Asia-Pacific region. Ireland-based Kerry Group is to close its factory at Altona in Melbourne’s west in March 2013, with 105 production-line and office workers to be ...