Why New Highs Look Promising – 02/28/2013

Why New Highs Look Promising

Kevin Cook here for Steve…

Wednesday was a solid reversal of the remainder of Monday’s heavy-volume losses. Could it be just a typical retrace, as fearful bears cover shorts and hopeful bulls hurry back in? It certainly could be, but let’s go over a quick checklist of market drivers and context:

• Overreaction to Italy’s election subsides: Bullish

• Pending home sales and durable goods orders impress: Bullish

• Bernanke reaffirms steady-as-she-goes Fed policy: Bullish

• Dow closes less than 1% from 2007 all-time high: Bullish

• S&P rallies past 1510-15 resistance as DC appears to let sequester occur: Bullish

Price action and market reaction to news are telling me we’re going higher. And though we may have more days to trade in this consolidation zone around 1500, yesterday was more weight on the bullish side of the odds to see 1550 before 1450 in the next 1 to 3 months.

Best,

Kevin Cook

Senior Stock Strategist

Zacks Investment Research

La Borsa Italiana è risibile

Ho fatto un calcolo su di una metrica cara a Buffett: la percentuale della capitalizzazione totale di Borsa in rapporto al PIL di una Nazione. La Borsa italiana ha una capitalizzazione di poco più di 378 miliardi di euro, a fronte di una media PIL (tra quello calcolato da FMI, Banca Mondiale e dalla CIA) di 2185 miliardi di € e spiccioli. Il rapporto percentuale è quindi di 17,30.

Buffett di solito compra quando questo rapporto è tra 70 ed 80, e va crescendo (naturalmente).

Fate conto voi quanto sia sottovalutata la Borsa Italiana, quanto sia primitivo il nostro mercato, e quanto ci si debba/possa evolvere ancora…

Key Market Reports and Commentary for Wednesday 27/02/2013

W E D N E S D A Y   M O R N I N G   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )

KEY EVENTS TO WATCH FOR:
Monday, February 25, 2013
8:30 AM ET. Jan Chicago Fed National Activity Index

National Activity Index (previous 0.02)

3 Month Moving Average (previous -0.11)

10:30 AM ET. Feb Texas Manufacturing Outlook Survey

Business Activity Index (previous 5.5)

Manufacturing Production Index (previous 12.9)

Key Events and Commentary available earlier every morning, via MarketClub (http://www.marketclub.com/)

U.S. STOCK INDEXES

GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed
higher today on a “Bernanke boost” for the stock market.
Some stronger-than-expected U.S. economic data was also
bullish for the stock market today. U.S. home sales rose
sharply in January, while the consumer confidence index
rose in February. The latest Richmond Fed business survey
also showed an upbeat reading. Bernanke’s prepared text for
delivery to the U.S. Senate was also released at the same
time the U.S. economic data came out. The stock market
rallied in the aftermath of his comments. While Bernanke’s
remarks were pretty much what the market place expected,
they were nonetheless dovish on U.S. monetary policy, and
what the stock market bulls wanted to hear from the Fed
chief. He said the benefits of a very accommodative
monetary policy outweigh the potential risks of such,
helping calm worries the U.S. central bank could end its
quantitative easing of monetary policy sooner rather than
later. In questioning from senators, Bernanke also hinted
the Fed may not have to sell off all its asset purchases
over a period of time and may just keep them until they
expire. That was a bit of bullish surprise for the raw
commodity and stock markets, as there was some worry that
the Fed selling off those assets, even over time, could put
some downside pressure on many markets.

______________________________

_______________________________________
INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

June U.S. T-Bonds closed up 13/32 at 144 5/32 today. Prices
closed nearer the session low today but did hit a fresh
five-week high early on today. More short covering and
fresh safe-haven demand were seen today amid the
uncertainty regarding the Italian elections. Price action
this week has seen a bullish upside “breakout” from a
sideways trading range at lower price levels.

NYMEX CRUDE OIL

ENERGIES: April crude oil closed down $0.57 a barrel at
$92.54 today. Prices closed near mid-range today and hit a
fresh two-month low. The crude oil market has been
pressured by a sharply higher U.S. dollar index recently.
The crude bulls have faded badly and the bears have the
slight near-term technical advantage.

April heating oil closed down 730 points at $3.0254 today.
Prices closed nearer the session low and hit a fresh five-

week low today. Bulls are fading badly. Bears now have the
slight near-term technical advantage.

April (RBOB) unleaded gasoline closed down 766 points at
$2.9858 today. Prices closed nearer the session low and hit
a fresh four-week low today. The gasoline bears now have
the slight near-term technical advantage. The higher daily
price volatility has produced a bearish broadening pattern
on the daily bar chart and is an early warning signal that
a market top is in place.

April natural gas closed down 2.2 cents at $3.448 today.
Prices closed nearer the session low today and did hit a
fresh five-week high early on. Nat gas bears still have the
overall near-term technical advantage.

CURRENCIES http://quotes.ino.com/exchanges/category.html?c=currencies

CURRENCIES: The June Euro currency
closed down 65 points at 1.3066 today. Prices closed nearer
the session low today and hit another fresh seven-week low.
The Euro bears have the overall near-term technical
advantage. A four-week-old downtrend is in place on the
daily bar chart.

The June Japanese yen closed up 80 points at 1.0886 today.
Prices closed near mid-range today and closed at a fresh
four-week high close. The bulls have gained some upside
momentum to begin to suggest that a market bottom is
finally in place. Heavy short covering was featured Monday
and today. Bears still have the overall near-term technical
advantage. However, a five-month-old downtrend on the daily
bar chart was negated Monday.

The June Swiss franc closed down 16 points at 1.0744 today.
Prices closed nearer the session low today in quieter
trading. Prices are in a four-week-old downtrend on the
daily bar chart. The Swissy bears have the near-term
technical advantage.

The June Canadian dollar closed steady at .9720 today.
Prices closed nearer the session high today and hit a fresh
eight-month low early on. Prices are in a steep seven-week-

old downtrend on the daily bar chart. Bears have the solid
near-term technical advantage.

The June British pound closed down 56 points at 1.5123
today. Prices closed nearer the session low today and
closed at a fresh contract low close. Bears have the solid
overall near-term technical advantage. Prices are in a
steep two-month-old downtrend on the daily bar chart.

The June U.S. dollar index closed up 168 points at 82.150
today. Prices closed nearer the session high again today
and hit another fresh six-month high. The bulls have upside
near-term technical momentum and have the near-term
technical advantage. Prices are in a four-week-old uptrend
on the daily bar chart.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

METALS: April gold futures closed up $28.30 an ounce at
$1,615.00 today. Prices closed nearer the session high
today and saw heavy short covering, bargain hunting and
even some fresh safe-haven buying interest. Recent serious
chart damage is starting to be repaired but the bulls have
more heavy lifting to do in the near term to suggest a
price uptrend can be sustained. Gold prices are still in a
six-week-old downtrend on the daily bar chart.

May silver futures closed up $0.383 an ounce at $29.34
today. Prices closed near the session high today and

and saw more short covering and bargain hunting following
recent strong selling pressure. Serious near-term technical
damage has been inflicted in silver recently. May silver
bears have the near-term technical advantage. Prices are in
a six-week-old downtrend on the daily bar chart.

May N.Y. copper closed up 235 points at 358.45 cents today.
Prices closed nearer the session high today on short
covering after hitting a fresh three-month low early on
today. Serious near-term chart damage was inflicted last
week. Copper bears have the overall near-term technical
advantage.

FOOD & FIBER http://quotes.ino.com/exchanges/category.html?c=food

SOFTS: May sugar closed down 3 points at 18.06 cents
today. Prices closed nearer the session high today. The key
“outside markets” were again bearish for sugar today—the
U.S. dollar index was higher and crude oil prices were
weaker lower. The sugar bears have the solid overall near-

term technical advantage. Prices are in a two-month-old
downtrend on the daily bar chart.

May coffee closed down 50 points at 142.60 cents today.
Prices closed near mid-range today as prices hover just
above the recent contract low. The key “outside markets”
were bearish for coffee again today–the U.S. dollar index
was higher and crude oil prices were weaker. The coffee
bears have the solid overall near-term technical advantage.

May cocoa closed down $27 at $2,116 a ton. Prices closed
nearer the session low today. The key “outside markets”
were bearish for cocoa today as the U.S. dollar index was
higher and crude oil prices were lower. Prices are hovering
near last week’s 8.5-month low. The cocoa bears have the
solid overall near-term technical advantage. Prices are in
a three-month-old downtrend on the daily bar chart.

May cotton closed up 11 points at 81.83 cents today. Prices
closed nearer the session low today. The key “outside
markets” were bearish for cotton again today—the U.S.
dollar index was higher and crude oil prices were weaker.
The cotton bulls still have the slight overall near-term
technical advantage, but have faded recently and the bulls
need to show fresh power soon.

May orange juice closed down 145 points at $1.2830 today.
Prices closed near mid-range today and saw profit taking.
FCOJ bulls still have the overall near-term technical
advantage. A six-week-old uptrend is still in place on the
daily bar chart.

May lumber futures closed up $7.00 at $379.80 today. Prices
closed nearer the session high today on some positive U.S.
economic data. Bulls have regained the near-term technical
advantage.

——————————

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Free Video Seminar – “Avoiding Common Trading Pitfalls”

http://broadcast.ino.com/redirect/?linkid=2037

———————————————————————

GRAINS http://quotes.ino.com/exchanges/category.html?c=grains

GRAINS: May corn futures last traded up 7 3/4 cents at
$6.93 1/4 today in late trading. Prices were nearer the
session high and saw short covering and bargain hunting
today after prices on Monday hit a seven-week low. Corn
bears still have the overall near-term technical advantage.
Prices are in a four-week-old downtrend on the daily bar
chart.

May soybeans were down 9 1/2 cents at $14.25 3/4 a bushel
in late trading today. Prices were nearer the session low.
The key outside markets were bearish for soybeans today as
crude oil prices were lower and the U.S. dollar index was
higher. Bears have gained downside technical momentum
recently. Bean bears have the near-term technical
advantage.

May soybean meal was up $0.20 at $424.30 today in late
trading. Prices were near mid-range. Bears have the slight
near-term technical advantage.

May bean oil was down 96 points at 49.48 cents in late
trading today. Prices were nearer the session low and hit a
fresh two-month low today. The key “outside markets” were
again bearish for bean oil today—the U.S. dollar index was
higher and crude oil prices were weaker. Bean oil bears
have the near-term technical advantage. Prices are in a
four-week-old downtrend on the daily bar chart.

May Chicago SRW wheat was up 2 1/4 cents at $7.07 1/2 in
late trading today. Prices were nearer the session high on
tepid short covering after hitting another fresh eight-

month low early on today. The key “outside markets” were
again bearish for wheat again today—the U.S. dollar index
was higher and crude oil prices were weaker. Prices are in
a five-week-old downtrend on the daily bar chart. Wheat
bears have the solid overall near-term technical advantage.

May HRW wheat was down 1/4 cent at $7.39 3/4 in late
trading today. Prices were nearer the session high and hit
another fresh eight-month low early on today. HRW bears
have the solid overall near-term technical advantage.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

LIVESTOCK: April live cattle closed up $0.92 at $129.35
today. Prices closed nearer the session high today and saw
more short covering in a bear market. Cattle futures bears
still have the overall near-term technical advantage.
Prices are still in a two-month-old downtrend on the daily
bar chart.

April feeder cattle closed up $0.32 at $144.02 today.
Prices closed near the session high today and hit a fresh
contract low early on. Tepid short covering in a bear
market was featured today. The feeder bears have the solid
near-term technical advantage.

April lean hogs closed down $0.30 at $81.60 today. Prices
closed near mid-range today and closed at a fresh 8.5-month
low close. The hog bears have the solid overall near-term
technical advantage. A choppy three-month-old downtrend is
in place on the daily bar chart.

_____________________________________________________________________

T H A N K   Y O U
_____________________________________________________________________

Copyright 2012 INO.com. All Rights Reserved.

Key Market Reports and Commentary for Tuesday 26/02/2013

T U E S D A Y   M O R N I N G   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )

KEY EVENTS TO WATCH FOR:
Monday, February 25, 2013
8:30 AM ET. Jan Chicago Fed National Activity Index

National Activity Index (previous 0.02)

3 Month Moving Average (previous -0.11)

10:30 AM ET. Feb Texas Manufacturing Outlook Survey

Business Activity Index (previous 5.5)

Manufacturing Production Index (previous 12.9)

Key Events and Commentary available earlier every morning, via MarketClub (http://www.marketclub.com/)

U.S. STOCK INDEXES

GENERAL STOCK MARKET COMMENT: The U.S. stock indexes closed
sharply lower today on heavy profit taking and some risk-

aversion. The bulls are fading. In Europe, traders are
awaiting the outcome of elections in Italy that began over
the weekend, and which could be a harbinger of further
progress, or lack thereof, on stabilizing the European
Union sovereign debt crisis. As of this writing there was
no clear result in those elections, but they were perceived
as possibly not turning out in favor of the investing
market place in Europe. That prompted some keen investor
unease Monday. Late Friday Moody’s credit rating agency
downgraded Great Britain’s credit rating. That news further
pressured the British pound. The uncertainty regarding the
U.K. credit downgrade may have also added a bit of investor
anxiety Monday. In China, the HSBC China manufacturing
purchasing managers’ index fell to 50.4 in February from
52.3 in January, it was reported Monday. A reading above
50.0 indicates a growing economy. More key economic data
from China is due out Friday. The market place is awaiting
the Tuesday and Wednesday testimony on the U.S. economy to
Congress from Federal Reserve Chairman Ben Bernanke.
Traders and investors will be looking for fresh clues on
the direction of U.S. monetary policy in the coming weeks
and months.

______________________________

_______________________________________
INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

June U.S. T-Bonds closed up 1 27/32 at 144 11/32 today.
Prices closed nearer the session high today and hit a fresh
five-week high on heavy short covering and on fresh safe-

haven demand amid the uncertainty regarding the Italian
elections. Price action today also saw a bullish upside
“breakout” from the sideways trading range at lower price
levels.

NYMEX CRUDE OIL

ENERGIES: April crude oil closed down $0.08 a barrel at
$93.05 today. Prices closed nearer the session low again
today. Prices Friday hit a fresh six-week low. The crude
oil market has been pressured by a sharply higher U.S.
dollar index recently. The crude bulls have faded badly and
the bears have the slight near-term technical advantage.

April heating oil closed down 56 points at $3.0962 today.
Prices closed nearer the session low today. Bulls are
fading. The bulls’ next upside price breakout objective is
closing prices above solid technical resistance at $3.1750.

April (RBOB) unleaded gasoline closed down 286 points at
$3.0510 today. Prices closed near the session low today.
The gasoline bulls still have the overall near-term
technical advantage. However, the higher daily price
volatility at higher price levels is one early warning
signal that a market top is in place.

April natural gas closed up 11.9 cents at $3.468 today.
Prices closed near the session high today and scored a
fresh three-week high. Nat gas bears still have the overall
near-term technical advantage. The next upside price
breakout objective for the bulls is closing prices above
solid technical resistance at the February high of $3.505.

CURRENCIES http://quotes.ino.com/exchanges/category.html?c=currencies

CURRENCIES: The June Euro currency
closed down 93 points at 1.3097 today. Prices closed near
the session low today, hit a fresh seven-week low and
scored a big and bearish “outside day” down on the daily
bar chart. The Euro bears have the overall near-term
technical advantage. A four-week-old downtrend is in place
on the daily bar chart.

The June Japanese yen closed up 243 points at 1.0958 today.
Prices closed near the session high today, hit a fresh
four-week high and scored a big and bullish “outside day”
up on the daily bar chart. The bulls gained some upside
momentum today to begin to suggest that a market bottom is
finally in place. Heavy short covering was featured. Bears
still have the overall near-term technical advantage.

The June Swiss franc closed up 6 points at 1.0767 today.
Prices closed nearer the session low today. Prices are in a
four-week-old downtrend on the daily bar chart. The Swissy
bears have the near-term technical advantage. The next
upside price breakout objective for the bulls is closing
prices above solid resistance at 1.0900.

The June Canadian dollar closed down 26 points at .9724
today. Prices closed nearer the session low today and hit a
fresh eight-month low. Prices are in a steep seven-week-old
downtrend on the daily bar chart. Bears have the solid
near-term technical advantage.

The June British pound closed down 48 points at 1.5184
today. Prices closed near the session high today and did
hit a fresh contract low early on. Bears still have the
solid overall near-term technical advantage. Prices are in
a steep two-month-old downtrend on the daily bar chart.

The June U.S. dollar index closed up 20 points at 82.01
today. Prices closed nearer the session high again today
and hit a fresh six-month high. Prices also scored a big
and bullish “outside day” up on the daily bar chart today.

The bulls have upside near-term technical momentum and have
the near-term technical advantage. Prices are in a four-

week-old uptrend on the daily bar chart.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

METALS: April gold futures closed up $13.30 an ounce at
$1,586.10 today. Prices closed near mid-range today on
short covering and bargain hunting after last week’s
shellacking. Prices last Thursday hit an 8.5-month low.
Serious near-term technical damage has been inflicted
recently. Gold prices are still in a six-week-old downtrend
on the daily bar chart.

May silver futures closed up $0.50 an ounce at $29.02
today. Prices closed near mid-range today and saw short
covering and bargain hunting following recent strong
selling pressure. Serious near-term technical damage has
been inflicted in silver recently. Prices last week hit a
six-month low. May silver bears have the near-term technical
advantage. Prices are in a six-week-old downtrend on the
daily bar chart.

May N.Y. copper closed up 85 points at 355.90 cents today.
Prices closed nearer the session low again today. Prices
Friday hit a two-month low as the bulls have faded badly
recently. Serious near-term chart damage was inflicted last
week. Copper bears have the overall near-term technical
advantage.

FOOD & FIBER http://quotes.ino.com/exchanges/category.html?c=food

SOFTS: May sugar closed down 10 points at 18.05 cents
today. Prices closed near the session low today. The key
“outside markets” were bearish for sugar again today—the
U.S. dollar index was higher and crude oil prices were
weaker lower. The sugar bears have the solid overall near-

term technical advantage. Prices are in a two-month-old
downtrend on the daily bar chart.

May coffee closed down 145 points at 142.35 cents today.
Prices closed near mid-range today as prices hover just
above the recent contract low. The key “outside markets”
were bearish for coffee again today–the U.S. dollar index
was higher and crude oil prices were weaker. The coffee
bears have the solid overall near-term technical advantage.

May cocoa closed up $3 at $2,142 a ton. Prices closed near
mid-range today and saw tepid short covering in a bear
market. Prices last week hit an 8.5-month low. The cocoa
bears have the solid overall near-term technical advantage.
Prices are in a three-month-old downtrend on the daily bar
chart.

May cotton closed down 143 points at 81.71 cents today.
Prices closed near the session low today and saw heavy
profit-taking pressure. The key “outside markets” were
bearish for cotton again today—the U.S. dollar index was
higher and crude oil prices were weaker. The cotton bulls
still have the slight overall near-term technical
advantage, but have faded recently and the bulls need to
show fresh power soon.

May orange juice closed up 75 points at $1.3000 today.
Prices closed nearer the session low today. FCOJ bulls have
the overall near-term technical advantage. A six-week-old
uptrend is in place on the daily bar chart. The next upside
price breakout objective for the FCOJ bulls is pushing and
closing prices above technical resistance at the February
high of $1.3200.

March lumber futures closed down $7.40 at $369.00 today.
Prices hit a fresh three-week low today on more heavy
profit taking. Bulls have lost their near-term technical
advantage. The next downside technical breakout objective
for the lumber bears is pushing and closing prices below
solid technical support at $357.50.

——————————

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Free Video Seminar – “Avoiding Common Trading Pitfalls”

http://broadcast.ino.com/redirect/?linkid=2037

———————————————————————

GRAINS http://quotes.ino.com/exchanges/category.html?c=grains

GRAINS: May corn futures last traded up 1/2 cent at
$6.84 3/4 today in late trading. Prices were near mid-range
and did hit a fresh seven-week low early on today. The key
“outside markets” were bearish for corn again today—the
U.S. dollar index was higher and crude oil prices were
weaker. Corn bears have the near-term technical advantage.
Prices are in a steep four-week-old downtrend on the daily
bar chart.

May soybeans were down 18 1/4 cents at $14.25 1/2 a bushel
in late trading today. Prices were nearer the session low.
Price action Friday scored a bearish “outside day” down and
a bearish weekly low close after prices failed just just of
major resistance at $15.00. Bears have gained downside
technical momentum. The key “outside markets” were bearish
for soybeans again today–the U.S. dollar index was higher
and crude oil prices were weaker. Bean bears have the
slight near-term technical advantage.

May soybean meal was down $4.90 at $421.50 today in late
trading. Prices were nearer the daily low and have backed
off sharply after prices Friday hit a fresh two-month high.
Bears now have the slight near-term technical advantage.

May bean oil was down 47 points at 50.26 cents in late
trading today. Prices were near mid-range and hit a fresh
six-week low today. The key “outside markets” were again
bearish for bean oil today—the U.S. dollar index was higher
and crude oil prices were weaker. Bean oil bears have the
near-term technical advantage. Prices are in a four-week-

old downtrend on the daily bar chart.

May Chicago SRW wheat was down 13 1/4 cents at $7.05 1/4 in
late trading today. Prices were near the session low and
hit another fresh eight-month low today. The key “outside
markets” were bearish for wheat again today—the U.S. dollar
index was higher and crude oil prices were weaker. Prices
are in a five-week-old downtrend on the daily bar chart.
Wheat bears have the solid overall near-term technical
advantage.

May HRW wheat was down 17 cents at $7.42 1/2 in late
trading today. Prices were near the session low and hit
another fresh eight-month low today. HRW bears have the
solid overall near-term technical advantage.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

LIVESTOCK: April live cattle closed up $0.20 at $128.42
today. Prices closed near mid-range today and saw tepid
short covering in a bear market. The key “outside markets”
were bearish for cattle again today, as the U.S. dollar
index was higher and crude oil prices were weaker. Cattle
futures bears still have the solid overall near-term
technical advantage. Prices are in a two-month-old
downtrend on the daily bar chart.

April feeder cattle closed down $0.07 at $143.70 today.
Prices closed nearer the session low today and are hovering
near the recent contract low. The feeder bears have the
solid near-term technical advantage. The next upside price
breakout objective for the feeder bulls is to push and
close prices above solid technical resistance at $146.00.

April lean hogs closed up $0.25 at $81.90 today. Prices
closed nearer the session high today after hitting a fresh
8.5-month low early on. Tepid short covering in a bear
market was featured today. The key “outside markets” were
again bearish for hogs today—the U.S. dollar index was
higher and crude oil prices were weaker. The hog bears have
the solid overall near-term technical advantage. A choppy
three-month-old downtrend is in place on the daily bar
chart.

_____________________________________________________________________

T H A N K   Y O U
_____________________________________________________________________

Copyright 2012 INO.com. All Rights Reserved.

DailyFX Morning Slices: Yen Stunned by BoJ Nominee Kuroda; Euro Rallies onItalian Election Hopes

Is this the most exciting week in FX thus far in 2013? I’d say so: Britain loses her hallowed ‘Aaa’ rating on Friday after the close, when Moody’s Investors Service downgraded the United Kingdom’s sovereign debt rating to ‘Aa1,’ a one-notch downgrade; Japanese Prime Minister Shinzo Abe tapped Asian Development Bank President Haruhiko Kuroda to be the next Governor of the Bank of Japan; and the Italian elections are wrapping up, with the first exit polls due out at 09:00 EST/14:00 GMT today. Let’s address these points individually.

Although the United Kingdom has lost one of its three top credit ratings, not much is actually changing: austerity remains in place, thanks to stubborn Chancellor of the Exchequer George Osborne; growth remains weak as the Bank of England is handicapped by a divided Monetary Policy Committee; and inflation pressures continue to run higher than policymakers have forecasted. I remain very bearish on the pair, and will proceed to sell any and all rallies, barring a drastic shift in the Federal Reserve’s recently hawkish rhetoric.

The BoJ nomination is interesting because, as Sara Eisen at Bloomberg News points out, Mr. Kuroda said in November 2002 that the USDJPY was too weak at ¥120.00. With the USDJPY trading near ¥93.60, at the time this report was written, I’m can with a fair degree of certitude that Mr. Kuroda thinks that the Yen is too strong at present. With energy imports’ costs already surging, a weak Yen is likely to bring more pain.

Rounding back to the Italian elections, early indications from local media are that there are lower turnout figures, which are presumed to be positive for the Euro as it means there is a reduced likelihood of Silvio Berlusconi returning to power. This has provoked a Euro rally this morning, and should continue to do so if vindicated. I’m weary of a hung parliament though, if the Berlusconi-Grillo coalition is close. Taking a look at European credit, peripheral yields remain lower amid hopes for a Euro-positive Italian election outcome. The Italian 2-year note yield has decreased to 1.630% (-2.1-bps) while the Spanish 2-year note yield has decreased to 2.470% (-3.8-bps). Likewise, the Italian 10-year note yield has decreased to 4.351% (-8.5-bps) while the Spanish 10-year note yield has decreased to 5.069% (-5.7-bps); lower yields imply higher prices.

Best,

Christopher Vecchio, Currency Analyst
cvecchio@dailyfx.com

Key Market Reports and Commentary for Monday 25/02/2013

M O N D A Y   M O R N I N G   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )

KEY EVENTS TO WATCH FOR:
Monday, February 25, 2013
8:30 AM ET. Jan Chicago Fed National Activity Index

National Activity Index (previous 0.02)

3 Month Moving Average (previous -0.11)

10:30 AM ET. Feb Texas Manufacturing Outlook Survey

Business Activity Index (previous 5.5)

Manufacturing Production Index (previous 12.9)

Key Events and Commentary available earlier every morning, via MarketClub (http://www.marketclub.com/)

STOCK INDEXES & MARKETS http://quotes.ino.com/exchanges/?c=indexes+

The March NASDAQ 100 closed higher due to short covering on Friday as it
consolidated some of this week’s decline. The high-range close sets the stage
for a steady to higher opening when Monday’s night session begins trading.
Stochastics and the RSI are bearish signaling that sideways to lower prices are
possible near-term. If March extends this week’s decline, the January 2nd gap
crossing at 2665.00 is the next downside target. Closes above the 10-day moving
average crossing at 2756.37 would confirm that a short-term low has been
posted. First resistance is the 10-day moving average crossing at 2756.37.
Second resistance is Wednesday’s high crossing at 2786.50. First support is
Thursday’s low crossing at 2699.50. Second support is the January 2nd gap
crossing at 2665.00.

The March S&P 500 closed higher due to short covering on Friday as it
consolidates some of this week’s decline. The high-range close sets the stage
for a steady to higher opening when Monday’s night session begins trading.
Stochastics and the RSI are bearish signaling that sideways to lower prices are
possible near-term. If March extends this week’s decline, the reaction low
crossing at 1490.50 is the next downside target. If March renews the rally off
November’s low, weekly resistance crossing at 1587.50 is the next upside
target. First resistance is Wednesday’s high crossing at 1530.00. Second
resistance is weekly resistance crossing at 1587.50. First support is the
reaction low crossing at 1490.50. Second support is the 25% retracement level
of the November-February rally crossing at 1482.65.

The Dow closed higher on Friday as it consolidated some of the decline of
the past two-days. The high-range close sets the stage for a steady to higher
opening on Monday. Stochastics and the RSI are bearish signaling that sideways
to lower prices are possible near-term. Closes below the reaction low crossing
at 13,852 are needed to confirm that a short-term top has been posted. If the
Dow renews the rally off November’s low, the 2007 high crossing at 14,198 is
the next upside target. First resistance is Wednesday’s high crossing at
14,058. Second resistance is monthly resistance crossing at 14,198. First
support is the reaction low crossing at 13,852. Second support is the 25%
retracement level of the November-February rally crossing at 13,666.

______________________________

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INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

March T-bonds closed up 4/32’s at 143-31.

March T-bonds closed higher on Friday while extending the trading range of
the past three-weeks. The high-range close sets the stage for a steady to
higher opening on Monday. Stochastics and the RSI are bullish signaling that
sideways to higher prices are possible near-term. Closes above the reaction
high crossing at 144-13 are needed to confirm an upside breakout of the
aforementioned trading range. If March renews this winter’s decline, weekly
support crossing at 139-14 is the next downside target. First resistance is
today’s high crossing at 144-07. Second resistance is the reaction high
crossing at 144-13. First support is the reaction low crossing at 142-05.
Second support is weekly support crossing at 139-14.

ENERGY MARKETS http://quotes.ino.com/exchanges/category.html?c=energy

April crude oil closed higher due to short covering on Friday as it rebounds
off the 50% retracement level of the November-February rally crossing at 92.56.
The high-range close sets the stage for a steady to higher opening when
Monday’s night session begins. Stochastics and the RSI are bearish signaling
that sideways to lower prices are possible near-term. If April extends this
week’s decline, the 62% retracement level of the November-February rally
crossing at 91.11 is the next downside target. Closes above the 20-day moving
average crossing at 96.75 would confirm that a low has been posted. First
resistance is the 20-day moving average crossing at 96.75. Second resistance is
this month’s high crossing at 98.24. First support is the 50% retracement level
of the November-February rally crossing at 92.56. Second support is the 62%
retracement level of the November-February rally crossing at 91.11.

March heating oil closed higher due to short covering on Friday
consolidating some of this month’s decline. The mid-range close sets the stage
for a steady opening when Monday’s night session begins trading. Stochastics
and the RSI are bearish signaling that sideways to lower prices are possible
near-term. If March extends the decline off this month’s high, the 50%
retracement level of the December-February crossing at 307.96 is the next
downside target. Closes above the 10-day moving average crossing at 318.97
would confirm that a short-term low has been posted. First resistance is the
20-day moving average crossing at 316.09. Second resistance is the 10-day
moving average crossing at 318.97. First support is Thursday’s low crossing at
308.86. Second support is the 50% retracement level of the December-February
crossing at 307.96.

March unleaded gas closed higher due to short covering on Friday as it
consolidated some of this week’s decline. The high-range close sets the stage
for a steady to higher opening when Monday’s night session begins trading.
Stochastics and the RSI are bearish hinting that a short-term top might be in
or is near. Closes below the 20-day moving average crossing at 303.63 would
confirm that a short-term top has been posted. If March renews this winter’s
rally, weekly resistance crossing at 321.83 is the next upside target. First
resistance is Tuesday’s high crossing at 316.91. Second resistance is weekly
resistance crossing at 321.83. First support is the 20-day moving average
crossing at 303.63. Second support is the 25% retracement level of the
June-February rally crossing at 293.53.

March Henry natural gas closed higher on Friday and the high-range close
sets the stage for a steady to higher opening on Monday. Stochastics and the
RSI are bullish signaling that a low might be in or is near. Closes above the
20-day moving average crossing at 3.295 are needed to confirm that a short-term
low has been posted. If March renews the decline off January’s high, January’s
low crossing at 3.100 is the next downside target. First resistance is the
20-day moving average crossing at 3.295. Second resistance is the reaction high
crossing at 3.459. First support is last Friday’s low crossing at 3.125. Second
support is January’s low crossing at 3.100.

CURRENCIES http://quotes.ino.com/exchanges/category.html?c=currencies

The March Dollar closed higher on Friday as it extends this month’s rally.
The high-range close sets the stage for a steady to higher opening on Monday.
Stochastics and the RSI are overbought but remain neutral to bullish signaling
that sideways to higher prices are possible near-term. If March extends this
month’s rally, the 50% retracement level of the July-February decline crossing
at 81.91 is the next upside target. Closes below the 20-day moving average
crossing at 80.19 would confirm that a short-term top has been posted. First
resistance is today’s high crossing at 81.70. Second resistance is the 50%
retracement level of the July-February decline crossing at 81.91. First support
is the 10-day moving average crossing at 80.72. Second support is the 20-day
moving average crossing at 80.19.

The March Euro closed higher due to short covering on Friday as it
consolidates some of this month’s decline. The mid-range close sets the stage
for a steady to lower opening on Tuesday. Stochastics and the RSI are oversold
but remain neutral to bearish signaling that sideways to lower prices are
possible near-term. If March extends this month’s decline, the 62% retracement
level of the November-February rally crossing at 130.77 is the next downside
target. Closes above the 20-day moving average crossing at 134.33 would temper
the near-term bearish outlook. First resistance is the 10-day moving average
crossing at 133.39. Second resistance is the 20-day moving average crossing at
134.33. First support is today’s low crossing at 131.47. Second support is the
62% retracement level of the November-February rally crossing at 130.77.

The March British Pound closed unchanged on Friday as it consolidates some
of this winter’s decline. The low-range close sets the stage for a steady to
lower opening when Monday’s night session begins trading. Stochastics and the
RSI are oversold but remain neutral to bearish signaling that sideways to lower
prices are possible near-term. If March extends this year’s decline, weekly
support crossing at 1.4857 is the next downside target. Closes above the 20-day
moving average crossing at 1.5608 are needed to confirm that a short-term low
has been posted. First resistance is the 10-day moving average crossing at
1.5477. Second resistance is the 20-day moving average crossing at 1.5608.
First support is Thursday’s low crossing at 1.5124. Second support is weekly
support crossing at 1.4857.

The March Swiss Franc closed higher due to short covering on Friday as it
consolidated some of this month’s decline. The mid-range close sets the stage
for a steady opening when Monday’s night session begins trading. Stochastics
and the RSI are oversold but remain neutral to bearish signaling that sideways
to lower prices are possible near-term. If March extends this month’s decline,
January’s low crossing at .10657 is the next downside target. Closes above the
20-day moving average crossing at .10888 would confirm that a short-term low
has been posted. First resistance is the 20-day moving average crossing at
.10888. Second resistance is this month’s high crossing at .11090. First
support is Thursday’s low crossing at .10716. Second support is January’s low
crossing at .10657.

The March Canadian Dollar closed lower on Friday extending the decline off
January’s high. The mid-range close sets the stage for a steady to lower
opening when Monday’s night session begins trading. Stochastics and the RSI are
oversold but remain neutral to bearish signaling that sideways to lower prices
are possible near-term. If March extends the decline off January’s high, the
75% retracement level of the 2011-2012-rally crossing at 97.31 is the next
downside target. Closes above the 20-day moving average crossing at 99.45 would
confirm that a short-term low has been posted. First resistance is the 10-day
moving average crossing at 99.00. Second resistance is the 20-day moving
average crossing at 99.45. First support is today’s low crossing at 97.45.
Second support is the 75% retracement level of the 2011-2012-rally crossing at
97.31.

The March Japanese Yen closed lower on Friday as it extends this month’s
trading range. The low-range close sets the stage for a steady to lower opening
when Monday’s night session begins trading. Stochastics and the RSI are bullish
hinting that a short-term low might be in or is near. Closes above the reaction
high crossing at .10854 are needed to confirm that a short-term top has been
posted. If March renews the decline off September’s high, monthly support
crossing at .10532 is the next downside target. First resistance is the 20-day
moving average crossing at .10791. Second resistance is the reaction high
crossing at .10854. First support is last Monday’s low crossing at .10588.
Second support is monthly support crossing at .10532.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

April gold closed slightly lower on Friday extending the decline off last
October’s high. The low-range close sets the stage for a steady to lower
opening when Monday’s night session begins trading. Stochastics and the RSI are
oversold but remain neutral to bearish signaling that sideways to lower prices
are possible near-term. If April extends the decline off last October’s high,
last May’s low crossing at 1538.70 is the next downside target. Closes above
the 20-day moving average crossing at 1644.10 would confirm that a short-term
low has been posted. First resistance is the 10-day moving average crossing at
1619.10. Second resistance is the 20-day moving average crossing at 1644.10.
First support is Thursday’s low crossing at 1554.30. Second support is last
May’s low crossing at 1538.70.

May silver closed lower on Friday as it extended this month’s decline. The
low-range close set the stage for a steady to lower opening when Monday’s night
session begins trading. Stochastics and the RSI are oversold but remain neutral
to bearish signaling that sideways to lower prices are possible near-term. If
May extends this month’s decline, the 87% retracement level of the June-October
rally crossing at 27.529 is the next downside target. Closes above the 20-day
moving average crossing at 30.818 would confirm that a short-term low has been
posted. First resistance is the 10-day moving average crossing at 30.025.
Second resistance is the 20-day moving average crossing at 30.818. First
support is Wednesday’s low crossing at 28.315. Second support is the 87%
retracement level of the June-October rally crossing at 27.529.

May copper closed lower for the fourth day in a row on Friday as it extended
this month’s decline. The low-range close sets the stage for a steady to lower
opening when Monday’s night session begins trading. Stochastics and the RSI are
oversold but remain bearish signaling that sideways to lower prices are
possible near-term. If May extends this week’s decline, December’s low crossing
at 353.40 is the next downside target. Closes above the 20-day moving average
crossing at 371.85 are needed to confirm that a short-term low has been posted.
First resistance is the 20-day moving average crossing at 371.85. Second
resistance is this month’s high crossing at 380.30. First support is today’s
low crossing at 354.20. Second support is December’s low crossing at 353.40.

FOOD & FIBER http://quotes.ino.com/exchanges/category.html?c=food

March coffee gapped up and closed higher on Friday and above the 20-day
moving average crossing at 14.29 confirming that a short-term low has been
posted. The mid-range close set the stage for a steady opening on Monday.
Stochastics and the RSI are bullish signaling that sideways to higher prices
are possible near-term. If March renews the decline off January’s high, weekly
support crossing at 13.20 is the next downside target.

March cocoa closed higher on Friday. The low-range close sets the stage for
a steady to lower opening on Monday. Stochastics and the RSI are oversold and
are turning bullish hinting that a low might be in or is near. Closes above the
20-day moving average crossing at 21.78 would confirm that a short-term low has
been posted. If March renews the decline off September’s high, last June’s low
crossing at 20.65 is the next downside target.

March sugar closed higher on Friday. The high-range close set the stage for
a steady to higher opening on Monday. Stochastics and the RSI are bullish
signaling that sideways to higher prices are possible near-term. Closes above
the 20-day moving average crossing at 18.36 would confirm that a short-term low
has been posted. If March extends this year’s decline, the 75% retracement
level of the 2010-2011 rally crossing at 17.38 is the next downside target.

March cotton closed slightly higher on Friday. The low-range close sets the
stage for a steady to lower opening on Monday. Stochastics and the RSI are
neutral to bullish signaling that sideways to higher prices are possible
near-term. If March renews this winter’s rally, the 62% retracement level of
the 2012-decline crossing at 86.50 is the next upside target. Closes below the
reaction low crossing at 80.05 would confirm that a top has been posted.
——————————

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GRAINS http://quotes.ino.com/exchanges/category.html?c=grains

March Corn closed down a 1/2-cents at 6.90 1/4.

March corn closed fractionally lower on Friday extending the trading range
of the past seven-days. Sluggish demand with only 14.2 million bushels in net
export sales and expiration of March corn options limited early-session rallies
today. Yesterday’s decline was triggered by USDA’s updated statistical forecast
for 2013 crops, which predicted a record 14.53 billion bushel crop and a
decline in average cash prices to $4.80. More details were released this
morning at the agency’s annual Outlook Forum, with projected carryout swelling
to 2.177 billion bushels. As someone who has followed the grain market for over
thirty years it is amazing that the trade has once again bought into the idea
of a record corn crop with planting season just beginning in Texas and
continued drought conditions still existing across much of the corn belt west
of the Mississippi. If seems as though each year traders are willing to call
for a record crop earlier and earlier in the season. Given there track record
over the past five years, you would think that they would be somewhat cautious
about jumping on the record crop band wagon this early in the year.
Nevertheless, it would appear that the combination of sluggish export demand,
declining ethanol output and the latest USDA prediction for a record corn crop
this year will likely keep the corn market on the defensive near-term. The
low-range close sets the stage for a steady to lower opening when Monday’s
night session begins trading. Stochastics and the RSI are oversold but remain
neutral to bearish signaling that sideways to lower prices are possible
near-term. If March renews this month’s decline, the reaction low crossing at
6.86 1/4 is the next downside target. Closes above the 20-day moving average
crossing at 7.13 1/4 are needed to confirm that a short-term low has been
posted. First resistance is the 10-day moving average crossing at 6.97 1/4.
Second resistance is the 20-day moving average crossing at 7.13 1/4. First
support is last Wednesday’s low crossing at 6.87 1/4. Second support is the
reaction low crossing at 6.86 1/4.

March wheat closed down 6 1/4-cents at 7.15.

March wheat closed lower on Friday extending yesterday’s close below the 75%
retracement level of 2012’s rally crossing at 7.25 3/4. This week’s winter
snowstorm has brought some moisture relief to parts of the plains, which has
helped to pull prices to their lowest levels since last-June. This morning’s
export sales report showed net wheat sales of 25.7 million bushels. The
low-range close sets the stage for a steady to lower opening when Monday’s
night session begins trading. Stochastics and the RSI are oversold and remain
neutral to bearish signaling that sideways to lower prices are possible
near-term. If March extends this month’s decline, the 87% retracement level of
2012’s rally crossing at 6.88 3/4 is the next downside target. Closes above the
20-day moving average crossing at 7.52 1/2 are needed to confirm that a
short-term low has been posted. First resistance is the 20-day moving average
crossing at 7.52 1/2. Second resistance is the reaction high crossing at 7.70
3/4. First support is today’s low crossing at 7.13 1/2. Second support is the
87% retracement level of 2012’s rally crossing at 6.88 3/4.

March Kansas City Wheat closed down 7 1/2-cents at 7.49 3/4.

March Kansas City wheat closed lower on Friday extending the decline off
November’s high. The low-range close sets the stage for a steady to lower
opening on Monday. Stochastics and the RSI are oversold but remain neutral to
bearish signaling that sideways to lower prices are possible near-term. If
March extends the decline off January’s high, the 75% retracement level of
2012’s rally crossing at 7.38 3/4 is the next downside target. Closes above the
20-day moving average crossing at 7.99 are needed to confirm that a short-term
low has been posted. First resistance is the 10-day moving average crossing at
7.75 1/4. Second resistance is the 20-day moving average crossing at 7.99.
First support is today’s low crossing at 7.49 3/4. Second support is the 75%
retracement level of 2012’s rally crossing at 7.38 3/4.

March Minneapolis wheat closed down 3 3/4-cents at 8.02 3/4.

March Minneapolis wheat closed lower on Friday as it extends this winter’s
decline. The low-range close sets the stage for a steady to lower opening when
Monday’s night session begins to trade. Stochastics and the RSI are neutral to
bearish signaling that sideways to lower prices are possible near-term. If
March extends this month’s decline, the 87% retracement level of 2012’s rally
crossing at 7.79 is the next downside target. Closes above the 20-day moving
average crossing at 8.37 would confirm that a short-term low has been posted.
First resistance is the 10-day moving average crossing at 8.18 3/4. Second
resistance is the 20-day moving average crossing at 8.37. First support is
today’s low crossing at 8.01 3/4. Second support is the 87% retracement level
of 2012’s rally crossing at 7.79.

SOYBEAN COMPLEX

March soybeans closed down 26 1/2-cents at 14.61 1/4.

March soybeans posted a key reversal down on Friday. March soybeans surged
above $15 to 16-week highs overnight on news that China has been switching
purchases from Brazil back to the U.S. due to delays shipping the soybeans at
Brazilian ports. Harvest delays from heavy rains in the center-west of the
country have exacerbated the usual congestion, with backlogs running 30 to 45
days. Port workers are also staging a six-hour strike today, further
complicating the outlook. However, this morning’s export sales report showed a
net reduction of 4.4 million bushels in sales thereby trigging today’s sell
off. The low-range close sets the stage for a steady to lower opening when
Monday’s night session begins trading. Stochastics and the RSI are diverging
but remain neutral to bullish signaling that sideways to higher prices are
possible near-term. If March extends this week’s rally, November’s high
crossing at 15.45 is the next upside target. Closes below the 10-day moving
average crossing at 14.47 1/4 would temper the near-term friendly outlook.
First resistance is today’s high crossing at 15.16 1/2. Second resistance is
November’s high crossing at 15.45. First support is the 10-day moving average
crossing at 14.47 1/2. Second support is last Wednesday’s low crossing at 14.04
1/2.

March soybean meal closed down $10.40 at $426.90.

March soybean meal posted a key reversal down on Friday as it consolidated
some of this week’s rally. The low-range close sets the stage for a steady to
lower opening when Monday’s night session begins trading. Stochastics and the
RSI are diverging but remain neutral to bullish signaling that sideways to
higher prices are possible near-term. If March extends this week’s rally,
December’s high crossing at 457.90 is the next upside target. Closes below the
10-day moving average crossing at 419.30 would temper the near-term friendly
outlook. First resistance is today’s high crossing at 445.00. Second resistance
is December’s high crossing at 457.90. First support is the 10-day moving
average crossing at 419.30. Second support is last Thursday’s low crossing at
402.70.

March soybean oil closed down 96-pts. at 50.35.

March soybean closed sharply lower on Friday renewing this month’s decline.
The low-range close sets the stage for a steady to lower opening when Monday’s
night session begins trading. Stochastics and the RSI are turning bearish again
signaling that sideways to lower prices are possible near-term. If March
extends today’s decline, January’s low crossing at 49.12 is the next downside
target. Closes above the 20-day moving average crossing at 51.97 would temper
the near-term bearish outlook. First resistance is Wednesday’s high crossing at
52.79. Second resistance is this month’s high crossing at 53.57. First support
is today’s low crossing at 50.30. Second support is January’s low crossing at
49.12.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

April hogs closed down $0.72 at $81.65.

April hogs closed lower on Friday extending the decline off November’s high.
The low-range close sets the stage for a steady to lower opening when Monday’s
night session begins trading. Stochastics and the RSI are oversold but remain
neutral to bearish signaling that sideways to lower prices are possible
near-term. If April extends this month’s decline, the 87% retracement level of
the May-November rally crossing at 81.14 is the next downside target. Closes
above the 20-day moving average crossing at 86.33 are needed to confirm that a
short-term low has been posted. First resistance is the 10-day moving average
crossing at 84.29. Second resistance is the 20-day moving average crossing at
86.33. First support is today’s low crossing at 81.60. Second resistance is the
87% retracement level of the May-November rally crossing at 81.14.

April cattle closed up $0.40 at 128.22.

April cattle closed higher due to short covering on Friday. The mid-range
close sets the stage for a steady opening when Monday’s night session begins
trading. Stochastics and the RSI are bearish signaling that sideways to lower
prices are possible near-term. If April extends this year’s decline, last
April’s low crossing at 125.90 is the next downside target. Closes above the
20-day moving average crossing at 130.82 are needed to confirm that a
short-term low has been posted. First resistance is the 20-day moving average
crossing at 130.82. Second resistance is the reaction high crossing at 133.65.
First support is Wednesday’s low crossing at 127.50. Second support is last
April’s low crossing at 125.90.

March feeder cattle closed up $0.55 at $141.25.

March Feeder cattle closed higher due to short covering on Friday. The
mid-range close sets the stage for a steady opening when Monday’s night session
begins trading. Stochastics and the RSI are bearish signaling that sideways to
lower prices are possible near-term. If March renews this year’s decline,
weekly support crossing at 138.48 is the next downside target. Closes above the
20-day moving average crossing at 145.64 are needed to confirm that a
short-term low has been posted. First resistance is the 10-day moving average
crossing at 142.63. Second resistance is the 20-day moving average crossing at
145.64. First support is last Thursday’s low crossing at 139.50. Second support
is weekly support crossing at 138.48.

_____________________________________________________________________

T H A N K   Y O U
_____________________________________________________________________

Copyright 2012 INO.com. All Rights Reserved.

Weekly Energy Stock Channel Newsletter

Energy Stock Channel
Weekly Energy Stock Newsletter
Weekly DividendRank Energy Toplists & Energy ETF Movers

Energy Prices

Looking at energy prices this week, oil moved lower, with WTI Crude currently at $92.83/barrel, down $4.48 (-4.6%) compared to $97.31 on 02/14, and Brent Crude currently at $113.99/barrel, down $4.07 (-3.4%) from $118.06 on 02/14. And turning to Natural Gas, the current spot price of $3.24/MMBtu, has Natural Gas up $0.07 from $3.17 on 02/14, a week over week gain of +2.2%.

Energy ETF Movers

The Utilities Select Sector SPDR Fund ETF (XLU) outperformed other Energy ETFs this week, up about 1.2%. Components of that ETF showing particular strength this week include shares of Dominion Resources (D), up about 2.9% and shares of Pepco Holdings (POM), up about 2.7% on the week.

And underperforming other Energy ETFs this week is the Coal ETF (KOL), off about 5.6% this week. Among components of that ETF with the weakest showing for the week were shares of Walter Energy (WLT), lower by about 15.2%, and shares of Freightcar America (RAIL), lower by about 11.9% on the week.

Other ETF standouts this week include the Vanguard Utilities ETF (VPU), outperforming this week with a 1.1% gain. And the Dynamic Oil & Gas Services Portfolio (PXJ) was an underperformer, falling about 5.5% this week.

 

DividendRank Energy Toplists

At sister site Dividend Channel, we screen through our coverage universe of dividend paying stocks each week, and we look at a variety of data — dividend yield, book value, quarterly earnings — and compare it to the stock’s trading data to come up with certain calculations about profitability and about the stock’s valuation (whether we think it looks ”cheap” or ”expensive”).

History has shown that the bulk of the stock market’s returns are delivered by dividends, and so we pay special attention to dividend history. And of course, only consistently profitable companies can afford to keep paying dividends, so profitability is of critical importance. Dividend investors should be most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation — maybe there is a company-specific reason causing the stock to be ”cheap” or maybe the entire sector is taking a hit, but whatever the reason, we think there is great value in ranking the Energy Stock Channel coverage universe weekly using our proprietary DividendRank formula, and sharing the list of the week’s top ranked energy stocks with our subscribers.

These are the energy stocks our DividendRank system has identified as the top most ”interesting” in the Energy, and Utilities categories … this is meant purely as a research tool to generate ideas that merit further research.

Energy

DividendRank Symbol Dividend Recent Yield* 
#1 ECT Q 2.73 14.82% 
#2 BBEP Q 1.88 9.72% 
#3 EROC Q 0.88 9.71% 
#4 PWE Q 1.08 10.95% 
#5 SFL Q 1.56 9.56% 
#6 VNR M 2.43 8.88% 
#7 QRE Q 1.95 11.32% 
#8 MMLP Q 3.08 9.09% 
#9 SDT Q 2.60 16.30% 
#10 HFC Q 1.20 2.20% 
#11 CMLP Q 2.04 7.91% 
#12 EEP Q 2.17 7.80% 
#13 NS Q 4.38 8.75% 
#14 XTEX Q 1.32 7.48% 
#15 PVR Q 2.20 10.03% 

 

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Utilities

DividendRank Symbol Dividend Recent Yield* 
#1 NVE Q 0.76 3.91% 
#2 AEE Q 1.60 4.83% 
#3 NJR Q 1.60 3.68% 
#4 APL Q 2.32 6.94% 
#5 NWE Q 1.52 3.99% 
#6 EE Q 1.00 3.03% 
#7 CIG A 0.23 2.04% 
#8 GXP Q 0.87 3.96% 
#9 IDA Q 1.52 3.26% 
#10 XEL Q 1.08 3.85% 
#11 APU Q 3.20 7.53% 
#12 FTR Q 0.40 9.95% 
#13 EDE Q 1.00 4.64% 
#14 BIP Q 1.72 4.37% 
#15 BCE Q 2.33 5.26% 


*(updated 8 hours, 45 minutes ago) Yield calculations vary and may not be reliable nor comparable. Not all publicly traded securities are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute investment advice. Full disclaimer