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Stocks of Goldman Sachs Rose On Fraud Settlement – July 21, 2010

The Goldman Sachs Group, Inc. or GS as listed in the New York Stock Exchange is currently involved in investment banking, asset management and other financial services. Its second-quarter net income fell 83% to $453 million due to its settlement of civil fraud charges with the Securities and Exchange Commission in the US and betting on a drop in stock-market volatility. During yesterday’s trading session, its stock value continued to go up by 2.2% to $148.91 per share following its fraud settlement. Note also that Goldman Sachs, like in the case of Citigroup which I posted the other day (kindly check here), had positive earnings result for this year’s 2nd quarter, suggesting that the financial sector is indeed recovering well.

The Goldman Sachs stocks has now tripled its value when it was doing $48 back during the 2008 financial crisis. At present, its shares could further head up but could encounter some selling pressure at the $152.00 resistance. If GS successfully breaches above that level, the next critical level could be the 2-year resistance line. If the stock price starts to retreat, on the other hand, the immediate support could be $141.55. And if that level gets taken out and the stocks slide lower, the next support could be $129.50.

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Johnson & Johnson’s Disappoints – July 20, 2010

Johnson & Johnson’s Disappoints – July 20, 2010

Johnson and Johnson’s (J&J) or JNJ in the New York Stock Exchange disappointed those who are long on the stock when the company, global pharmaceutical and consumer goods manufacture firm, posted a 5.4% decline in the sales of their consumer products for the second quarter of the year. Much of the company’s slide in profits ... ...

Posted: July 20, 2010 at 6:11 pm

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IBM Shares Sink Despite Earnings – July 20, 2010

IBM Shares Sink Despite Earnings – July 20, 2010

The shares of International Business Machines or IBM in the New York Stock Exchange failed to impress the market despite the 13% rise in the company’s second quarter income. IBM, which is the largest IT company in the world, boosted their EPS to $2.61. Its net income for the quarter jumped by 9% from last ... ...

Posted: July 20, 2010 at 2:55 pm

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Profits Flying with Delta Air Lines – July 20, 2010

Profits Flying with Delta Air Lines - July 20, 2010

Delta Air Lines, Inc. or DAL as listed in the New York Stock Exchange posted a $467 million profit for the second quarter of 2010. It made up for the $257 million loss it incurred a year ago. However, its stock price fell by 2.9% to $11.38 during yesterday’s trading session. So here we have another case ... ...

Posted: July 20, 2010 at 11:08 am

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Profits of Texas Instruments: Up, Up and Away! – July 20, 2010

Profits of Texas Instruments: Up, Up and Away! - July 20, 2010

Texas Instruments Incorporated (widely known as TI) or TXN in the New York Stock Exchange is a Texas based American company. It was reported yesterday that their $769 million dollars 2010 second quarter profit nearly tripled its earnings a year ago which is $260 million. For those who aren’t familiar with this company, they are the ... ...

Posted: July 20, 2010 at 7:52 am

Daily Forex Picks, Global Economy

Canadian Dollar to Rise This Week? – July 19, 2010

Canadian Dollar to Rise This Week? – July 19, 2010

Well technically, the daily chart of the CADJPY pair is a bit ugly. As you can see, the pair has just been ranging for the past several months. Presently though, it appears to have found support at the psychological 82.00 level. If this support holds, it can reach its previous high near 86.50, 90.00 or ... ...

Posted: July 19, 2010 at 3:04 pm

Daily Forex Picks, Global Economy

EURO: I’m Back! – July 19, 2010

EURO: I’m Back! – July 19, 2010

Good day forex friends! On my post last July 8 (kindly see it here), I questioned whether the EURUSD‘s recent success will be shortlived since it was approaching a significant technical resistance at that time. Back then, it already broke out from a mini inverted head and shoulders formation but still it remained below the ... ...

Posted: July 19, 2010 at 12:20 pm

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Oh Google Stocks – July 19, 2010

Oh Google Stocks - July 19, 2010

During the whole year of 2009, the stocks of the internet giant Google Inc. (more known as google.com or GOOG as its ticker symbol) had been on an uptrend and as the year 2010 went in, it started to decline.  I’m pretty sure everyone of you knows google.com as you use it for searching almost ... ...

Posted: July 19, 2010 at 8:57 am

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A Look Into Citigroup Inc. – July 19, 2010

A Look Into Citigroup Inc. - July 19, 2010

Despite the hefty $2.7 billion 2nd quarter profits reported by the banking giant Citigroup Inc. or C as listed in the New York Stock Exchange, it’s stock value failed to rise last Friday. Instead, it fell sharply lower by 6.2% to $3.90 per share. Currently, they are the  world’s largest financial services network with more ... ...

Posted: July 19, 2010 at 7:23 am

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Nikkei 225 Weekend Wrap-up – July 18, 2010

Nikkei 225 Weekend Wrap-up – July 18, 2010

The Nikkei 225 is the stock market index for the Tokyo Stock Exchange (TSE). For those who do not know the Tokyo Stock Exchange – the total market capitalization of its listed companies makes it the second largest stock exchange in the world next to the New York Stock Exchange. Thus, whatever happens  to the country ... ...

Posted: July 18, 2010 at 12:07 pm

Daily Stock Picks, Global Economy

Shanghai Stock Exchange Composite Index Weekend Wrap-up – July 17, 2010

Shanghai Stock Exchange Composite Index Weekend Wrap-up - July 17, 2010

Hi guys, here’s a weekly wrap-up and an update from my last post on the Shanghai Stock Exchange Composite Index or SSEC (kindly see it here). For those who do not know, the SSEC is the major index of the Shanghai Stock Exchange (SSE) and like the Dow, it can be used as a leading ... ...

Posted: July 17, 2010 at 1:54 pm

Daily Forex Picks, Global Economy

It’s Now the Euro’s Turn to Beat the Loonie! – July 16, 2010

It's Now the Euro's Turn to Beat the Loonie! - July 16, 2010

In my last post about the EURCAD pair several days ago (July 9), I mentioned that the Loonie could be preparing for a revolt against the Canadian dollar. Back then, the pair already broke its downtrend line and appeared to be in the phase of forming the right shoulder of an inverted head and shoulders ... ...

Posted: July 16, 2010 at 2:37 pm

Daily Forex Picks, Global Economy

The British Pound Is Still Pounding the Dollar – July 16, 2010

The British Pound Is Still Pounding the Dollar - July 16, 2010

Good day men and ladies of forex! From my last post about the Cable or the GBPUSD pair back on July 2 (kindly see it here), the have continued to trek along an ascending channel. After it met some resistance at around 1.5200, it fell back only to bounce back again from the channel’s support. ... ...

Posted: July 16, 2010 at 1:47 pm

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A Look into the German Stock Index – July 15, 2010

A Look into the German Stock Index – July 15, 2010

The German Stock Index (^DAX) consists of the 30 major German companies trading in the Frankfurt Stock Exchange. Some of the notable companies included in this index are Adidas, BWM, Deutsche Bank and Volkswagen Group. Anyway, the chart of the ^DAX could be forming an ascending triangle formation. If the value breaks above the triangle’s re...

Posted: July 15, 2010 at 8:24 pm

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NASDAQ Update – July 15, 2010

NASDAQ Update - July 15, 2010

The last post of my colleague about the Nasdaq Composite Index was when it still looked to forming a head and shoulders formation (kindly see it here). What actually looked to be a head and shoulders formation back then could actually be falling wedge formation now. Given the instance that the value breaks above the ... ...

Posted: July 15, 2010 at 8:23 pm

Daily Forex Picks, Global Economy

Where Could the Swissy Go? – July 15, 2010

Where Could the Swissy Go? - July 15, 2010

Good day forex peeps! Here’s my ‘weekly’ update on the USDCHF pair. As you can see from the chart, the pair has returned back in the area of the inverted head and shoulders after it broke out and reached a high of 1.1731 last June 1. It then suffered 5 straight weeks of heavy declines ... ...

Posted: July 15, 2010 at 7:57 am

Daily Forex Picks, Global Economy

The US Dollar Seen Weakening – July 15, 2010

The US Dollar Seen Weakening - July 15, 2010

Extra! Extra! The US dollar has buckled its long term uptrend? Will it head south now? On today’s chart is my recent take on the US dollar index. For quite some time now, the US dollar had been gaining a lot of favors from investors due to the general bearish tone in the markets. The ... ...

Posted: July 15, 2010 at 6:48 am

Daily Stock Picks, Global Economy

UK Economy: Poised to Move Higher – July 14, 2010

UK Economy: Poised to Move Higher – July 14, 2010

Hi guys, for those who follow the chart of the FTSE 100 (footsie), here’s an update as a follow up to my last post about it (kindly see it here). By the way, the FTSE, like the Dow, is used as as a leading gauge of the UK’s economy. Anyway, I mentioned back then that ... ...

Posted: July 14, 2010 at 7:46 pm

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PSEi Breaks Out of the Channel – July 14, 2010

PSEi Breaks Out of the Channel - July 14, 2010

Hi guys, for those who follow the chart of the Philippine Stock Exchange Index (PSEi), here’s an update as a follow up to my last post about it (kindly see it here). Right now, the chart is in a bullish mode and it’s really hard to tell until when it would be. But as we ... ...

Posted: July 14, 2010 at 6:17 pm

Daily Forex Picks, Global Economy

Euro: “Breaking the Berlin Wall” – July 14, 2010

Euro:

Good day my forex friends! Back in July 8, I asked if the euro’s rise against the greenback would be short lived since it was, at that time, approaching a significant resistance at the EURUSD‘s long term downtrend line (kindly see my previous entry here). Apparently, its breakout from an inverted head and shoulders has ... ...

Posted: July 14, 2010 at 4:39 pm

Daily Stock Picks, Global Economy

S&P 500: US Economy Almost Double-Dipped – July 14, 2010

S&P 500: US Economy Almost Double-Dipped - July 14, 2010

Hiyo stock friends! It’s good to be back in the market again! Anyway, on today’s post is the daily canvas of the  S&P 500. Like the Dow Jones in my friend’s post during the past weekend (kindly see it here), the broader index of the US, which for me, is more representative of the US’s ... ...

Posted: July 14, 2010 at 3:44 pm

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A Lil’ Triangle in DTE Energy Company – July 13, 2010

A Lil' Triangle in DTE Energy Company - July 13, 2010

DTE Energy Company or DTE as listed in the New York Stock Exchange is part of the electric utilities industry. Anyway, in its stock chart, there is a 2-month triangle formation. This could most likely be bullish as it’s coming from an uptrend. In case the triangle setup is already ripe and the price breaks ... ...

Posted: July 13, 2010 at 11:21 am

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The Bulls in SanDisk Corporation – July 13, 2010

The Bulls in SanDisk Corporation - July 13, 2010

SanDisk Corporation or SNDK as publicly listed in the US caters to all parts of the world. For those who do not know or unfamiliar with the nature of their business, they design, develop and manufacture flash memory card products for mobile phones, digital cameras, gaming devices and laptop computers. Chart-wise, there is a 10-month ascending ...

Posted: July 13, 2010 at 10:02 am

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A Look at the Shanghai Stock Exchange Composite Index – July 12, 2010

A Look at the Shanghai Stock Exchange Composite Index - July 12, 2010

The Shanghai Stock Exchange Composite Index (SSEC) is the major index of the Shanghai Stock Exchange (SSE). For those who do not know, the SSE is the world’s third largest stock market by market capitalization despite not being entirely open to foreign investors. Some of the notable publicly listed companies’ shares that are traded her...

Posted: July 12, 2010 at 7:10 pm

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Dow Jones Industrial Average Weekend Wrap-Up – July 11, 2010

Dow Jones Industrial Average Weekend Wrap-Up - July 11, 2010

Hi guys! The last time I presented to you my analysis on the chart of the Dow Jones Industrial Average or ^DJI was more than a week ago (kindly see it here). During that time, I was keen on expecting the index to drop as a breakdown from a head and shoulders took place. However, I was ... ...

Posted: July 11, 2010 at 6:28 pm

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