We are watching Water Utilities ? American Water Works Company (AWK).
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Watch Water Utilities ? American Water Works Company (AWK)
We are watching Water Utilities ? American Water Works Company (AWK).
Please visit diagstocks.com for more details.
The European Levels You Must Know...
As we all know by now, the problems in the European Union are starting to increase by the moment. Many investors are now talking about a complete breakup of the European Union as we know it. The debt problems in all of these nations is simply becoming to much to for the European Central Bank (ECB) and the International Monetary Fund (IMF) to handle. In other words, debt can only bail out debt for so long. Has the debt society as we know it finally come to an end?
In this weeks report, we will examine three of most important European banking stocks in the stocks market. After all, the problems in Europe and around the world are really a banking crisis and not just a sovereign debt crisis. Austerity measures in Europe have been implemented and the banks continue to struggle. It appears that the one way the European banks could be saved in Europe is by the ECB printing money. However, at this time, the ECB can not print money. Therefore, we shall see if that rule is changed by the end of the year. I suspect in time it will, making the ECB more like the Federal Reserve.
Deutsche Bank AG (USA) (NYSEB) is a Germany-based global investment bank. This stock plunged lower by 3.10 percent on Friday, June 1, 2012. The stock will have some short term daily chart support around the $28.00 area, this is the weekly chart low from September 12, 2011. The weekly chart could be signaling a decline to the $19.00 area if this downside momentum continues over the next few months. Either way, unless some surprise resolution arises out of the European Union in the near term DB stock looks to be headed lower.
Weekly Market Review 201222
Weaker economic data continued to push the bearish momentum forward; May nonfarm payrolls' (69k vs. 165k est.) disappointed the market by adding the least job in the last 12 month periods. Furthermore, consumer confidence (64.9 vs. 70.0 est.), Chicago PMI (52.7% vs. 56.8% est.), and the ISM manufacturing index (53.5% vs. 54.0% est.) all showed below estimate readings throughout this past week. These pessimistic releases drove the U.S. bond market to trade at record high that the 10yr is currently trading below 1.5%. But how low can yield goes? While this low rates environment may least a lot longer given from the poor economic condition. However, from the technical perspective, it may be ready for a bounce that the 10-yr is approaching to its multi-decade support. Looking forward next week, stocks are likely to continue to stay volatility with this downtrend momentum, and the ISM service will be the key mover for bonds.
Technical Highlights:
? Stocks turned underwater on year-to-date basis; bonds soared to record high.
? The NYSE composite failed to make a bullish turn on its 200day moving average; Both the S&P and the NASDAQ composite are now trading in the bearish territory (below 200day SMA).
? Market decline led by abnormal negative performances on offensive stocks; Historical data continued to point the market lower.
? While the 10-yr Treasury yield traded at record low, it is also approaching to its multi-decade support (see chart on page 6).
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Copper Breaks Long Term Uptrend
This week copper broke the trenline from back in 2009. This an incredibly bad sign for the broader economy and stocks if copper cannot recapture this trendline in the immediate future.
UGLY looking forum.
Color sucks.
A Weekly Look -- Week Ending 6/01
The dollar printed a key reversal on Friday, which was day 22 of the dollar?s daily cycle.
Small Energy Stocks
Need some advice about small energy companies. SD, KOG etc, also CHK for natural gas play. Any idea which of these is the better play. Feel free to include others that might be interesting.
