Two days before the chief executives of Detroit’s Big Three - General Motors Corp. (GM), Ford Motor Co. (F), and Chrysler Corp. - march back to Capitol Hill to again petition Congress for a $25 billion bailout, details about each company’s plan to scale back operations are emerging. Each CEO - GM’s Richard Wagoner, Ford Chief Executive Alan Mulally and Chrysler’s Robert ...
QQQQ
SPX
SPY
AMAZON
REIT
NLY
INCLUDE
NASDAQ
APPLE
AMBAC
MBI
ICT
CALL
EXPECTED
UNITED
FRE
SIRI
FOREX
GENERAL
CHINA
FORECAST
CREDIT
SHLD
INVESTORS
Q4
PUT
DOLLAR
WB
ILI
SAYS
MUCH
UPGRADE
CEO
SPX
SPY
NLY
INCLUDE
NASDAQ
APPLE
MBI
ICT
CALL
EXPECTED
UNITED
FRE
FOREX
GENERAL
CHINA
FORECAST
CREDIT
SHLD
INVESTORS
Q4
PUT
DOLLAR
WB
ILI
SAYS
MUCH
UPGRADE
CEO
TAG
GROWTH
CUT
CCE
LIQUIDITY
A reader recently asked me to give a look at the German DAX Index in terms of a possible Elliott Wave Count to see how it related to the US Equity Indexes. Here is my preferred count on the DAX Index on both the Weekly and then zooming in on the fractal Daily Count: German DAX Weekly: The DAX Elliott count is very similar to that of the S&P 500 (^GSPC), with the exception that the topping ...
MERCEDES-BENZ (DAI): REPORTS US NOV SALES -30% Hyundai (HYMLF.PK): REPORTS US NOV SALES -40% Y/Y MAZDA: REPORTS US NOV SALES -31.3% Y/Y GM (GM): REPORTS NOV VEHICLE SALES -41.3% V -33%E BMW: REPORTS US NOV SALES -36.1% HONDA (HMC): REPORTS NOVEMBER US SALES -31.6% CHRYSLER: REPORTS NOV SALES -30% Y/Y PORSCHE: REPORTS US NOV SALES 1,378 V 2,662; -49% Y/Y FORD (F): REPORTS NOV SALES -30.6% V -32%...
According to WSJ, former AOL (TWX) Chief Executive Jonathan Miller is trying to raise money to buy part or all of Yahoo (YHOO). Miller, who runs venture capital fund Velocity Interactive Group with partner Ross Levinsohn, the former president of Fox Interactive Media (NWS), has discussed the idea with Yahoo board members, and believes that a deal in the range of $20 to $22 a share is possible. ...
As we enter the final month of 2008, it’s time to start thinking about what will be hot in 2009. To start that off, I want to revisit this post I made on SeekingAlpha in late September of 2008 — a little more than two months ago — regarding preserving your wealth in our current economic downturn. Here’s a reassessment of that view: 1. My macroeconomic view remains unchan...
What exchange traded fund (ETF) investors and Wall Street analysts have suspected for awhile is officially confirmed: the United States is in a recession, and it’s been going on for one year. The question now is, where does an investor go from here? Aaron Siegel for Investment News reports that the National Bureau of Economic Research Inc. confirmed that, numbers and indicators aside, we ...
The USD/CAD has moved above the 100 hour moving average at the 1.2472 level. The pair has been testing this level over the last few days. However, each time the price has moved above the level, it has come back down. This time may be the breakout move to … [visit site to read more] Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more gre...
The GBP/USD tested the 38.2% retracement level of the move down from the Nov 25th high of 1.5532 and the low today (Tuesday) of 1.4775. The level comes in at 1.5064. The high correction price was 1.5067 so far today. This level will be watched as a good resistance level today. I would expect sellers against the level as the pressure on the GBP will likely remain going into the rate announce...
Here is their plan in a nutshell. SUBMITS BUSINESS PLAN TO CONGRESS, CALLS FOR $14B IN INVESTMENTS AND ACCESS TO UP TO $9B IN BRIDGE FINANCING - Expects to be breakeven and profitable by 2011, does not expect a liquidity crisis in 2009. - Expects North American unit to be profitable or breakeven by 2011. - Sees cutting 606 dealers by year’s end, sees total 3,790 dealers by end of 2008. - ...
The USD/CHF is testing the 100 hour moving average at the 1.2043 level. However, the pair is largely in a consolidating pattern after hitting a high on November 21st at the 1.2287 level. Since the high, the pair corrected sharply - moving below the 100 hour moving average in a convincing fashion. The downside momentum was not maintained, however, and the ideas of a larger correction lower wa...