Asia/Pacific [04/23/2009]

Asia/Pacific [04/23/2009]
Asian shares make their first gains of the week. The Japanese beverage company Kirin’s bid for Australia’s second-largest brewer, Lion Nathan, helped to lift the mood on Asia-Pacific stock markets which rose for the first time this week.

^AORD	All Ordinaries	3,695.800 2:47AM ET	68.600 (1.89%)
^SSEC	Shanghai Composite	2,463.954 3:00AM ET	2.608 (0.11%)
^HSI	Hang Seng	15,214.46 5:59AM ET	336.01 (2.26%)
^BSESN	BSE 30	11,134.99 6:28AM ET	317.45 (2.93%)
^JKSE	Jakarta Composite	1,611.507 7:00AM ET	3.725 (0.23%)
^KLSE	KLSE Composite	978.64 5:31AM ET	10.06 (1.04%)
^N225	Nikkei 225	8,847.01 3:00AM ET	119.71 (1.37%)
^NZ50	NZSE 50	2,658.849 1:31AM ET	4.090 (0.15%)
^STI	Straits Times	1,859.98 5:10AM ET	16.57 (0.90%)
^KS11	Seoul Composite	1,368.8 5:04AM ET	12.78 (0.94%)
^TWII	Taiwan Weighted	5,875.24 1:46AM ET	10.87 (0.18%)

Europe [8:00am EST]
London rose on Thursday, with retailers cheered by signs of improving conditions on the UK high street. Credit Suisse stood out in European equities trading on Thursday after reporting quarterly profit significantly ahead of expectations.

^ATX	ATX	1,810.25 7:51AM ET	3.00 (0.17%)
^BFX	BEL-20	1,917.88 8:06AM ET	13.99 (0.73%)
^FCHI	CAC 40	3,047.44 8:06AM ET	22.20 (0.73%)
^GDAXI	DAX	4,592.66 7:51AM ET	1.76 (0.04%)
^AEX	AEX General	239.25 8:06AM ET	2.37 (1.00%)
^OSEAX	OSE All Share	284.00 7:51AM ET	1.02 (0.36%)
^MIBTEL	MIBTel	14,531.0000 8:06AM ET	162.0000 (1.13%)
^IXX	ISE National-100	N/A	0.00 (0.00%)
^SMSI	Madrid General	920.00 8:05AM ET	3.60 (0.39%)
^OMXSPI	Stockholm General	238.13 8:05AM ET	1.28 (0.54%)
^SSMI	Swiss Market	5,055.85 7:51AM ET	7.85 (0.16%)
^FTSE	FTSE 100	4,064.10 7:51AM ET	33.44 (0.83%)

Earnings of Note [04/23/2009] [CARA 100: (7)]

BUSINESS SERVICES
●   Air Transport
      US Airways - LCC [Q1 2009] [-$2.38] NTS
●   Transportation - Misc
      United Parcel Service, Inc. - UPS [Q1 2009] [$0.56] 7:45
CONSUMER GOODS
●   Tobacco
      Philip Morris International - PM [Q1 2009] [$0.69] BMO
CONSUMER SERVICES
●   Home Building
      Cavalier Homes - CAV [Q1 2009] [-$0.01] AMC
●   Online Retail
      Amazon.com, Inc. - AMZN [Q1 2009] [$0.31] NTS - CARA 100
ENERGY
●   Oil and Gas
      Suncor Energy - SU [Q1 2009] [$0.12] 2:30 - CARA 100
FINANCIAL SERVICES
●   Finance
      American Express Company - AXP [Q1 2009] [$0.12] AMC
      CIT Group - CIT [Q1 2009] [-$0.45] BMO
●   International Banks
      Credit Suisse Group - CS [Q1 2009] [EPS=n/a] 0:45
      Hdfc Bank Limited - HDB [Q4 2009] [EPS=n/a] NTS - CARA 100
●   Securities
      Chicago Mercantile Exchange Holdings Inc. - CME [Q1 2009] [$3.20] BMO
      Interactive Brokers Group Inc. - IBKR [Q1 2009] [$0.46] 16:00 - CARA 100
      TradeStation Group, Inc. - TRAD [Q1 2009] [$0.11] 7:40
HARDWARE
●   Computer Equipment
      EMC Corporation - EMC [Q1 2009] [$0.16] BMO
●   Wireless Equipment
      L-3 Communications Holdings, Inc. - LLL [Q1 2009] [$1.63] BMO
INDUSTRIAL MATERIALS
●   Electric Equipment
      ABB - ABB [Q1 2009] [$0.25] NTS - CARA 100
      Black & Decker Corporation - BDK [Q1 2009] [$0.08] NTS - CARA 100
●   Mining (Nonferrous and Nonmetals)
      Potash Corporation of Saskatchewan Inc. - POT [Q1 2009] [$0.71] BMO - CARA 100
●   Steel and Iron
      Nucor - NUE [Q1 2009] [-$0.57] NTS - CARA 100
SOFTWARE
●   Business Applications
      Microsoft - MSFT [Q3 2009] [$0.39] AMC

SBUX Note: Break-out LONG

I've been watching SBUX - I had a short bias in this triangle consolidation and down-trend channel but today it made significant breakouts in 2 time-frames daily/weekly on both technicals.  The volume was supportive as well - took the signal long to follow my system. Will focus on the weekly close from here.

Asia/Pacific [04/22/2009]
Shares in Asia Pacific pulled back on Wednesday led by Hong Kong [Heng Seng Index: (-2.67%)], India [BSE Sensex: (-0.74%)], Australia [All Ordinaries: (-0.16)], Japan [Nikkei 225 Index: +0.18%], .

Shares in Asia Pacific pulled back on Wednesday, as investors worried about falling company profits and bigger losses. The International Monetary Fund’s warning that banks were likely to make further writedowns of billions of dollars of toxic assets also depressed the mood.

Australia's annual core inflation rate climbed higher than expected in the first quarter.

Japan's trade deficit widened less than expected on Wednesday.

China’s steel market is likely to remain weak and prices depressed until next year, the country’s biggest steel producer said on Tuesday, in what appeared to be a warning shot to mining companies in the midst of the annual iron ore price negotiations.

Wu Dongying, director of Baosteel’s Economics and Management Research Institute, said the Chinese steel industry “will remain in a valley and prices will fluctuate at a low level” in spite of Beijing’s Rmb4,000bn ($586bn) economic stimulus package, which is expected to boost steel demand in the second half.

Europe [7:30am EST]

European shares edge higher in choppy trade on Wednesday: UK [FTSE 100: (-0.36%)], France [CAC 40: (-0.04%)]  and Germany [DAX +0.11%].

Earnings of Note [04/22/2009]

eBay - EBAY [Q1 2009] [$0.33] AMC

 McDonald's Corporation - MCD [Q1 2009] [$0.82] BMO - CARA 100

EnCana Corporation - ECA [Q1 2009] [$0.67] NTS - CARA 100

Morgan Stanley - MS [Q1 2009] [-$0.08] BMO

Wells Fargo & Company - WFC [Q1 2009] [$0.41] 8:00

Apple Inc. - AAPL [Q2 2009] [$1.09] NTS

QUALCOMM Inc. - QCOM [Q2 2009] [$0.41] 16:00 - CARA 100

GlaxoSmithKline - GSK [Q1 2009] [EPS=n/a] BMO - CARA 100

St. Jude Medical, Inc. - STJ [Q1 2009] [$0.58] BMO

Northrop Grumman - NOC [Q1 2009] [$1.08] NTS
The Boeing Company - BA [Q1 2009] [$0.91] 7:30 - CARA 100

Steel Dynamics - STLD [Q1 2009] [-$0.43] AMC

VMware, Inc. - VMW [Q1 2009] [$0.20] AMC

AT&T - T [Q1 2009] [$0.48] BMO

Overseas Market Summary 04.21.2009

Asia/Pacific [04/21/2009]

Following North American markets lower led by Hong Kong [Heng Seng Index: (-2.95%)], Australia [All Ordinaries: (-2.40%)], Japan [Nikkei 225 Index: (-2.39%)], India [BSE Sensex: (-0.40%)].

The Reserve Bank of India (RBI) cut its key lending rate for the sixth time in seven months on Tuesday and pushed commercial banks to follow suit to bolster growth.

Europe [8:45 EST]

Early Morning Selling in Europe to continue the decline led by UK [FTSE 100: (-1.80%)], France [CAC 40: (-1.53%)]  and Germany [DAX (-1.48%)].

Week In Review [WIR #16]

Trade Idea [GG-NYSE]

Spent some time on GG chart tonight - thought I'd share my views - here is a snap shot of what I see. Feel free to comment or ask questions.

------

Short GG @ or near 34-36 - current price developments:

i)price approached(ing) upper boundary of positive price channel in green

ii)resistance @ price level of ~34-36 - price attempted tp break out of this resistance on 2 occasions circled in gold 

iii)possible price retrace to lower boundary of positive price channel

STOP:

break of 36

Counter Trade:

Break of the ~36 resistance would warrant a long into a price of 42 short-term

DJIA - Oct.06.2008

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