.143 Batting Average – 09/30/2013

The market is up only 1 day in the last 7. That .143 batting average is the kind of lame performance that sends baseball players back down to the minors. And in this analogy it would be our elected officials getting voted out of office the next time around for their poor handling of the debt limit.

Those debt discussions will heat up this week along with the economic calendar. On tap are both ISM reports, ADP & Government Employment plus a Wednesday speech from Bernanke with investors hanging on every word.

Stocks could turn uglier depending on how much of a mess the Washington “elite” make of the debt discussions. Yet beyond that near horizon lies a healthy economy with higher stock prices. That is the horizon that I am focused on…and you should be too.

Best,

Steve Reitmeister (aka Reity…pronounced “Righty”)

Executive Vice President

Zacks Investment Research

Key Market Reports and Commentary for Monday 30/09/2013

Morning Markets Report
Prepared on Monday, September 30, 2013

Copyright 2013 INO.com. All Rights Reserved.

Summary
The Dow Future has eased 116 points to 15079. The US Dollar Index slipped 0.014 points to 80.270. Gold is dropping 2.44 dollars to 1337.26. Silver has gained 0.0790 dollars to 21.7330. The Dow Industrials retreated 70.06 points, at 15258.24, while the S&P 500 declined 6.92 points, last seen at 1691.75. The Nasdaq Composite moved down 5.59 points to 3781.84. Streaming charts of these markets are available 24/7 at MarketClub

Blog Postings and Videos
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Sunday Sep 29th

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Saturday Sep 28th

Weekly Futures Recap w/Mike Seery
Friday Sep 27th

Key Events for Monday

8:30 AM ET. 2nd Quarter State Quarterly Personal Income

8:30 AM ET. Aug Chicago Fed Midwest Manufacturing Index

Manufacturing Index (MoM) (previous -0.1%)

Manufacturing Index (YoY) (previous +1.6%)

Auto Output Index (MoM) (previous -0.4%)

Auto Output Index (YoY) (previous +1.9%)

Machinery Output Index (MoM) (previous -0.3%)

Machinery Output Index (YoY) (previous +0.3%)

Resource Output Index (MoM) (previous +0%)

Resource Output Index (YoY) (previous +1.3%)

Steel Output Index (MoM) (previous +1.5%)

Steel Output Index (YoY) (previous +1.6%)

9:00 AM ET. IMF World Economic Outlook analytical chapters published

9:45 AM ET. Sept ISM-Chicago Business Survey – Chicago PMI

Employment Index (previous 54.9)

New Orders Index (previous 57.2)

Prices Paid Index (previous 65.2)

Purchasing Managers Index (Adjusted) (previous 53)

Supplier Deliveries Index (previous 50.8)

10:30 AM ET. Sept Texas Manufacturing Outlook Survey

Business Activity Index (previous 5)

Manufacturing Production Index (previous 7.3)

1:00 PM ET. Sept Dow Jones Economic Sentiment Indicator

DJ Economic Sentiment Indicator (previous 51.2)


 

Currencies Snapshot
Symbol Last Change %
U.S $ INDEX 80.270 -0.014 -0.02%
POWERSHARES DB US DOLLAR INDEX 21.645 -0.075 -0.35%
US Dollar/Canadian Dollar 1.03010 -0.00017 -0.02%
Euro/US Dollar 1.34916 -0.00114 -0.08%
JAPANESE YEN Dec 2013 0.010245 +0.000067 +0.66%
SWISS FRANC Dec 2013 1.1051 +0.0004 +0.04%

CURRENCIES

December Dollar closed lower on Friday signaling a possible end of the short covering rebound off last week’s low. 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 September renews this month’s decline, February’s low crossing at 79.66 is the next downside target. Closes above the 20-day moving average crossing at 81.43 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 80.68. Second resistance is the 20-day moving average crossing at 81.43. First support is last Thursday’s low crossing at 80.15. Second support is February’s low crossing at 79.66.

The December Euro closed higher on Friday signaling a possible end to the setback off last week’s high. The mid-range close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off July’s low, February’s high crossing at 137.17 is the next upside target. Closes below the 20-day moving average crossing at 133.57 would confirm that a short-term top has been posted. First resistance is last Thursday’s high crossing at 135.73. Second resistance is February’s high crossing at 137.17. First support is the 10-day moving average crossing at 134.77. Second support is the 20-day moving average crossing at 133.57.

The December British Pound closed higher on Friday and 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 diverging but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off July’s low, the December 2012 high crossing at 1.6264 is the next upside target. Closes below the 20-day moving average crossing at 1.5846 would confirm that a short-term top has been posted. First resistance is last Wednesday’s high crossing at 1.6112. Second resistance is the December 2012 high crossing at 1.6264. First support is the reaction crossing at 1.5943. Second resistance is the 20-day moving average crossing at 1.5846.

The December Swiss Franc closed higher on Friday as it extends this month’s rally. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this month’s rally, weekly resistance crossing at .11200 is the next upside target. Closes below the 20-day moving average crossing at .10832 would confirm that a short-term top has been posted. First resistance is today’s high crossing at .11093. Second resistance is weekly resistance crossing at .11200. First support is the 10-day moving average crossing at .10953. Second support is the 20-day moving average crossing at .10832.

The December Canadian Dollar closed higher due to short covering on Friday but remains below the 10-day moving average crossing at 96.99. 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 a short-term top might be in or is near. Closes below the 20-day moving average crossing at 96.38 are needed to confirm that a short-term top has been posted. If December renews the rally off August’s low, June’s high crossing at 98.22 is the next upside target. First resistance is last Thursday’s high crossing at 97.99. Second resistance is June’s high crossing at 98.22. First support is Thursday’s low crossing at 96.51. Second support is the 20-day moving average crossing at 96.38.

The December Japanese Yen closed higher on Friday and 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 neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off this month’s low, the reaction high crossing at .10330 is the next upside target. Closes below the 20-day moving average crossing at .10088 would confirm that a short-term top has been posted. First resistance is last Wednesday’s high crossing at .10234. Second resistance is the reaction high crossing at .10330. First support is this month’s low crossing at .9943. Second support is July’s low crossing at .9860.


 

Energy Snapshot
Symbol Last Change %
CRUDE OIL Nov 2013 101.44 -1.43 -1.39%
NEW YORK HARBOR ULSD Nov 2013 2.9691 -0.0157 -0.53%
NATURAL GAS Nov 2013 3.542 -0.047 -1.31%
RBOB GASOLINE Nov 2013 2.6381 -0.0221 -0.83%
POWERSHARES DYNAMIC ENERGY 50.3080 -0.3120 -0.62%
UNITED STATES GASOLINE 56.76 -0.73 -1.29%

ENERGIES

November crude oil closed lower on Friday and the mid-range close sets the stage for a steady opening when Monday’s night session begins. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If November extends the decline off August’s high, the 38% retracement level of the April-August rally crossing at 102.43 is the next downside target. Multiple closes above the 20-day moving average crossing at 105.98 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 105.98. Second resistance is the reaction high crossing at 110.70. First support is the 38% retracement level of the April-August rally crossing at 102.43. Second support is the 50% retracement level of the April-August rally crossing at 98.71.

November heating oil closed lower on Friday as it consolidated some of this week’s rebounded off the 62% retracement level of the April-August rally crossing at 294.14. The low-range close sets the stage for a steady to lower opening when Monday’s trading begins. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 305.98 would confirm that a short-term low has been posted. If November extends the decline off August’s high, the 75% retracement level of the April-August rally crossing at 288.19 is the next downside target. First resistance is today’s high crossing at 301.74. Second resistance is the 20-day moving average crossing at 305.98. First support is the 62% retracement level of the April-August rally crossing at 294.23. Second support is the 75% retracement level of the April-August rally crossing at 288.19.

November unleaded gas closed lower on Friday ending a three-day rebound off Tuesday’s low. 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 are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 273.11 would confirm that a short-term low has been posted. If November renews the decline off August’s high, the 75% retracement level of the April-August rally crossing at 256.14 is the next downside target. First resistance is today’s high crossing at 270.17. Second resistance is the 20-day moving average crossing at 273.11. First support is Tuesday’s low crossing at 260.06. Second support is the 75% retracement level of the April-August rally crossing at 256.14.

November Henry natural gas closed higher due to short covering on Friday as it consolidated some of the decline off this month’s high. The high-range close sets the stage for a steady to higher 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 November extends this month’s decline, the 75% retracement level of the August-September rally crossing at 3.436 is the next downside target. Closes above the 10-day moving average crossing at 3.693 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 3.693. Second resistance is this month’s high crossing at 3.892. First support is Thursday’s low crossing at 3.450. Second support is the 75% retracement level of the August-September rally crossing at 3.436.


 

Food Snapshot
Symbol Last Change %
COCOA Dec 2013 2630 -9 -0.34%
COFFEE Dec 2013 114.05 +0.35 +0.31%
ORANGE JUICE-A Nov 2013 129.40 +1.05 +0.81%
IPATH DJ-UBS SUGAR TRUST 59.9577 -1.9123 -3.19%
IPATH DJ-UBS SOFTS TRUST 46.36 +0.32 +0.68%

FOOD & FIBER

December coffee closed lower on Friday and renewed this year’s decline. The low-range close set the stage for a steady to lower opening on Friday. Stochastics and the RSI have turned bearish again signaling that sideways to lower prices are possible near-term. If December extends this summer’s decline, monthly support crossing at 10.21 is the next downside target. Closes above the reaction high crossing at 12.11 would confirm that a low has been posted.

December cocoa closed higher due to short covering on Friday as it consolidates some of the decline off last week’s high. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 25.75 would confirm that a short-term top has been posted. If December renews the rally off June’s low, the 2012 high crossing at 27.25 is the next upside target.

October sugar closed sharply lower on Friday and below the 20-day moving average crossing at 16.98 confirming that a short-term top has been posted. The low-range close set the stage for a steady to lower opening on Monday. Stochastics and the RSI are overbought and are turning bearish signaling that sideways to lower prices are possible near-term. If October extends today’s decline, the reaction low crossing at 16.74 is the next downside target. If October renews the 25% retracement level of the 2011-2013 decline crossing at 18.09 is the next upside target.

December cotton 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 diverging but are bullish signaling that sideways to higher prices are possible near-term. If December extends this month’s rally, the 50% retracement level of the August-September decline crossing at 87.93 is the next upside target. Closes below the 20-day moving average crossing at 84.23 would confirm that a short-term top has been posted.


 

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Grains Snapshot
Symbol Last Change %
CORN Dec 2013 456.50 +2.50 +0.55%
OATS Dec 2013 317.00 +0.25 +0.08%
WHEAT Dec 2013 683.75 +0.75 +0.11%
TEUCRIUM CORN 34.2900 -0.1800 -0.52%
IPATH DJ-UBS GRAINS TRUST 46.64 -0.04 -0.09%
ELEMENTS MLCX GRAINS INDEX TRUST 6.2704 +0.0604 +0.96%
SOYBEANS Nov 2013 1315.50 -4.25 -0.32%
SOYBEAN (MINI) Nov 2013 1314.00 -5.75 -0.44%
SOYBEAN MEAL Dec 2013 418.0 -0.3 -0.07%
TEUCRIUM SOYBEAN 23.7800 -0.0701 -0.29%

GRAINS

Corn closed down 2 3/4-cents at 4.54.

December corn closed lower on Friday. The low-range close sets the stage for a steady to lower opening when Monday’s night session begins trading. Stochastics and the RSI have turned bullish signaling that sideways to lower prices are possible near-term. Closes above the 20-day moving average crossing at 4.61 1/2 would temper the near-term bearish outlook. If December extends the decline off August’s high, August’s low crossing at 4.45 3/4 is the next downside target. First resistance is the 20-day moving average crossing at 4.61 1/2. Second resistance is August’s high crossing at 5.08 1/4. First support is Tuesday’s low crossing at 4.48. Second support is August’s low crossing at 4.45 3/4.

December wheat closed up 4 3/4-cents at 6.83.

December wheat closed higher on Friday as it extends this week’s rally. 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 overbought but remain bullish signaling that sideways to higher prices are possible near-term. If December extends this month’s rally, the 25% retracement level of this year’s decline crossing at 7.04 1/2 is the next upside target. Closes below the 20-day moving average crossing at 6.52 would confirm that a short-term top has been posted. First resistance is today’s high crossing at 6.85 1/2. Second resistance is the 25% retracement level of this year’s decline crossing at 7.04 1/2. First support is the 20-day moving average crossing at 6.52. Second support is the reaction low crossing at 6.36 3/4.

December Kansas City Wheat closed up 16-cents at 7.29.

December Kansas City wheat 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 bullish signaling that a low might be in or is near. If December extends this month’s rally, the 25% retracement level of this year’s decline crossing at 7.53 3/4 is the next upside target. Closes below the 20-day moving average crossing at 7.00 1/4 would confirm that a short-term top has been posted. First resistance is today’s high crossing at 7.31 3/4. Second resistance is the 25% retracement level of this year’s decline crossing at 7.53 3/4. First support is the 20-day moving average crossing at 7.00 1/4. Second support is this month’s low crossing at 6.88 1/2.

December Minneapolis wheat closed up 7-cents at 7.31 1/2.

December Minneapolis wheat closed higher on Friday as it extends this week’s rally. 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 bullish signaling that sideways to higher prices are possible near-term. If December extends this week’s rally, the reaction high crossing at 7.40 is the next upside target. Closes below the 10-day moving average crossing at 7.08 3/4 is the next downside target. First resistance is today’s high crossing at 7.24 1/2. Second resistance is the reaction high crossing at 7.40. First support is Monday’s low crossing at 6.97 1/4. Second support is weekly support crossing at 6.93 3/4.

SOYBEAN COMPLEX

soybeans closed up 3-cents at 13.19 3/4.

November soybeans closed higher due to short covering on Friday and above the 38% retracement level of the August-September rally crossing at 13.15. Today’s 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 November extends this month’s decline, the 50% retracement level of the August-September rally crossing at 12.85 is the next downside target. Closes above the 20-day moving average crossing at 13.47 1/2 would confirm that a low has been posted. First resistance is the 20-day moving average crossing at 13.47 1/2. Second resistance is August’s high crossing at 14.09 1/2. First support is Monday’s low crossing at 13.05 1/2. Second support is the 50% retracement level of the August-September rally crossing at 12.85.

December soybean meal closed up $3.40 at 418.30.

December soybean meal closed higher due to short covering on Friday as it consolidated some of this month’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 oversold and are turning neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 424.90 would confirm that a short-term low has been posted. If December renews this month’s decline, the 38% retracement level of the April-September rally crossing at 404.90 is the next downside target. First resistance is the 20-day moving average crossing at 424.90. Second resistance is this month’s high crossing at 451.20. First support is the 38% retracement level of the April-September rally crossing at 404.90. Second support is the 50% retracement level of the April-September rally crossing at 390.60.

December soybean oil closed down 24 pts. at 41.81.

December soybeans closed lower on Friday and the low-range close sets the stage for a steady to lower opening when Friday’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 December extends the decline off August’s high, weekly support crossing at 41.00 is the next downside target. Closes above the 20-day moving average crossing at 42.86 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 42.86. Second resistance is the reaction high crossing at 44.46. First support is Thursday’s low crossing at 41.70. Second support is weekly support crossing at 41.00.


 

Indexes Snapshot
Symbol Last Change %
DJ 30 INDUSTRIALS 15258.24 -70.06 -0.46%
NASDAQ COMPOSITE INDEX (COMBINED) 3781.84 -5.59 -0.15%
S&P 500 CASH 1691.75 -6.92 -0.41%
SPDR S&P 500 168.99 -0.70 -0.41%
QQQQ VOLATILITY INDEX 13.51 +1.11 +8.16%
iShares RUSSELL 2000 INDEX 106.59 -0.47 -0.44%

U.S. STOCK INDEXES

December NASDAQ 100 closed lower on Friday while extending this week’s trading range. The mid-range close sets the stage for a steady opening when Monday’s night session begins trading. Stochastics and the RSI are overbought, diverging and are turning bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 3171.90 would confirm that a short-term top has been posted. If December renews this year’s rally, monthly resistance crossing at 3329.82 is the next upside target. First resistance is last Friday’s high crossing at 3241.50. Second resistance is monthly high crossing at 3329.82. First support is the reaction low crossing at 3195.75. Second support is the 20-day moving average crossing at 3171.90.

The December S&P 500 closed lower on Friday as it extends the decline off this month’s high. Today’s low-range close sets the stage for a steady to lower opening when Monday’s night session begins trading. Stochastics and the RSI are bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 1677.54 would confirm that a short-term top has been posted. If December renews the rally off August’s low into uncharted territory, upside targets will be hard to project. First resistance is last Thursday’s high crossing at 1726.50. Second resistance is unknown now that December is trading into uncharted territory. First support is the 20-day moving average crossing at 1677.54. Second support is the September 10th gap crossing at 1664.00.

The Dow closed lower on Friday and below the 20-day moving average crossing at 15,253 as it extended the decline off last Wednesday’s high. Today’s low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. Multiple closes below the 20-day moving average crossing at 15,253 are needed to confirm that a short-term top has been posted. If the Dow renews the rally off August’s low, upside targets will now be hard to project. First resistance is last Wednesday’s high crossing at 15,709. Second resistance is unknown. First support is the 20-day moving average crossing at 15,208. Second support is the reaction low crossing at 14,789.


 

Interest Snapshot
Symbol Last Change %
T-BONDS Dec 2013 133.62500 +0.18750 +0.14%
iShares FLOATING RATE NOTE 50.710 +0.050 +0.10%
5 YEAR T-NOTES Dec 2013 121.054688 +0.078125 +0.06%
ULTRA T-BONDS Dec 2013 142.56250 +0.28125 +0.20%
POWERSHARES SENIOR LOAN PORTF 24.71 +0.01 +0.04%

INTEREST RATES

T-bonds closed up 6/32 at 133-10.

December T-bonds closed higher on Friday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off this month’s low, the reaction high crossing at 134-14 is the next upside target. Closes below the 20-day moving average crossing at 130-27 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 134-14. Second resistance is the 38% retracement level of the May-September decline crossing at 135-28. First support is the 20-day moving average crossing at 130-27. Second support is this month’s low crossing at 128-12.


 

Livestock Snapshot
Symbol Last Change %
FEEDER CATTLE Nov 2013 164.925 -0.225 -0.14%
LEAN HOGS Dec 2013 88.125 +0.400 +0.45%
LIVE CATTLE Dec 2013 132.075 +0.500 +0.38%
IPATH DJ-UBS LIVESTOCK TRUST SUB 27.85 +0.07 +0.25%

LIVESTOCK

hogs closed up $0.12 at $92.92.

October hog closed higher on Friday and 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 diverging but are bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off March’s low, weekly resistance crossing at 95.30 is the next upside target. Closes below the 20-day moving average crossing at 90.80 are needed to confirm that a short-term top has been posted. First resistance is Wednesday’s high crossing at 93.75. Second resistance is weekly resistance crossing at 95.30. First support is the 10-day moving average crossing at 91.81. Second support is the 10-day moving average crossing at 90.80.

October cattle closed up $0.55 at 128.25.

October cattle closed higher on Friday as it extends this week’s rally. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends this week’s rally, August’s high crossing at 129.05 is the next upside target. Closes below the 20-day moving average crossing at 126.03 would confirm that a short-term top has been posted. First resistance is today’s high crossing at 128.30. Second resistance is August’s high crossing at 129.05. First support is the 20-day moving average crossing at 126.03. Second support is gap support crossing at 125.40.

October feeder cattle closed down $0.25 at $164.12.

October Feeder cattle closed lower due to profit taking on Friday. 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 overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off May’s low, upside target will be hard to project with October trading into uncharted territory. Closes below the 20-day moving average crossing at 159.93 would confirm that a short-term top has been posted. First resistance is today’s high crossing at 164.80. First support is the 10-day moving average crossing at 161.25. Second support is the 20-day moving average crossing at 159.93.


 

Metals Snapshot
Symbol Last Change %
GOLD Dec 2013 1337.4 -1.8 -0.13%
SPDR GOLD SHARES 129.0099 +1.2199 +0.95%
SILVER Dec 2013 21.760 -0.071 -0.33%
PALLADIUM Dec 2013 728.55 -3.25 -0.45%
DIREXION DAILY GOLD MINERS BEA 33.661 -0.039 -0.12%
POWERSHARES DB PRECIOUS METALS 44.00 +0.43 +0.98%

PRECIOUS METALS

October gold closed higher due to short covering on Friday as it consolidated some of the setback off last week’s high. 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 neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 1349.30 are needed to confirm that a short-term low has been posted. If October renews the decline off August’s high, August’s low crossing at 1272.10 is the next downside target. First resistance is the 20-day moving average crossing at 1349.30. Second resistance is August’s high crossing at 1432.90. First support is last Wednesday’s low crossing at 1281.80. Second resistance is August’s low crossing at 1272.10.

December silver closed lower on Friday. The mid-range close set the stage for a steady opening when Monday’s night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews the decline off August’s high, August’s low crossing at 19.145 is the next downside target. Multiple closes above the 20-day moving average crossing at 22.585 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 22.585. Second resistance is the reaction high crossing at 23.445. First support is last Wednesday’s low crossing at 21.225. Second support is the 62% retracement level of the June-August rally crossing at 20.867.

December copper closed higher due to short covering on Friday. 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 turning neutral to bullish signaling that sideways to higher prices are possible near-term. If December renews the decline off last Friday’s high, this month’s low crossing at 319.05 is the next downside target. If December renews the rally off August’s low, August’s high crossing at 339.50 is the next upside target. First resistance is last Friday’s high crossing at 335.95. Second resistance is August’s high crossing at 339.50. First support is Tuesday’s low crossing at 323.55. Second support is this month’s low crossing at 319.05.


 

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1. ED.U14 EURODOLLAR Sep 2014 99.570 +0.005 +0.01% 139,339 +100    Entry Signal
2. BP.Z13 BRITISH POUND Dec 2013 1.6125 +0.0092 +0.57% 87,743 +100    Entry Signal
3. 6B.Z13.E BRITISH POUND Dec 2013 1.6131 +0.0006 +0.04% 31,546 +100    Entry Signal
4. GE.M15.E EURODOLLAR Jun 2015 99.220 +0.010 +0.01% 31,661 +100    Entry Signal
5. GE.M14.E EURODOLLAR Jun 2014 99.630 -0.005 -0.01% 24,242 +100    Entry Signal
6. GE.U14.E EURODOLLAR Sep 2014 99.565 -0.005 -0.01% 24,675 +100    Entry Signal
7. LC.Z13 LIVE CATTLE Dec 2013 132.075 +0.500 +0.38% 21,796 +100    Entry Signal
8. LC.V13 LIVE CATTLE Oct 2013 128.25 +0.55 +0.43% 10,407 +100    Entry Signal
9. LE.V13.E LIVE CATTLE Oct 2013 128.25 +0.55 +0.43% 9,839 +100    Entry Signal
10. LC.G14 LIVE CATTLE Feb 2014 133.875 +0.550 +0.41% 8,320 +100    Entry Signal

ADVFN – Report dei mercati 30/09/2013


MERCATO USA
Wall Street chiude in calo, acquisti su Nike, Yahoo e Microsoft. Male Jc Penney e United Continental

A New York i principali indici hanno chiuso l’ultima seduta della settimana in ribasso. Il Dow Jones ha lasciato sul terreno lo 0,46%, l’S&P500 lo 0,41% e il Nasdaq Composite lo 0,15%. A pesare sono state le incertezze relative all’esito delle trattative sul tetto del debito Usa.

I dati macroeconomici pubblicati in giornata sono stati sostanzialmente in linea con le attese. Nike +4,69%. Il gruppo di abbigliamento sportivo ha chiuso il primo trimestre con un utile di 780 milioni di dollari, in crescita del 38% rispetto allo stesso periodo di un anno prima. I ricavi sono aumentati del 7,7% a 6,97 miliardi. I dati sono superiori alle attese.

Accenture -2,35%. La società di consulenza ha chiuso il quarto trimestre con un utile per azione di 1,01 dollari, in linea con le attese. Delude invece l’outlook. La società ha alzato il buy back di 5 miliardi per un totale di 7 miliardi di dollari.

RingCentral +40% nel giorno del debutto. La società attiva nel cloud computing è stata collocata a 13 dollari per azione, nella parte alta della forchetta dell’Ipo (11-13 dollari). Jc Penney -13,15%. La catena di distribuzione emetterà 84 milioni di nuove azioni a 9,65 dollari per un totale di 810 milioni di dollari. BlackBerry +1,01%. Il produttore di smartphone ha chiuso il secondo trimestre con una perdita di 965 milioni di dollari, in crescita rispetto al rosso di 229 milioni dello stesso periodo di un anno prima. Il dato si posiziona nella parte bassa del range annunciato la scorsa settimana (965-995 milioni). I ricavi sono scesi del 45% a 1,6 miliardi di dollari.

Yahoo +2,44%. Il gruppo internet ha detto di essere favorevole all’Ipo della partecipata Alibaba a Wall Street. Microsoft +1,53%. Alla guida del colosso dei software potrebbe arrivare Alan Mullaly, attuale Ceo di Ford. United Continental -9,28%. La compagnia aerea ha tagliato le stime per il terzo trimestre.

MERCATI ASIATICI

Borsa di Tokyo in forte calo

Pericoloso dietro front per il Nikkei che questa mattina ha ceduto il 2,06%, archiviando l’ultima seduta di settembre a 14455,80 punti, in prossimità di una ex resistenza, ora primo supporto di rilievo. L’indice ha nuovamente fallito il tentativo di superare i massimi dell’ultima settimana, a 14817 circa, allontanandosi dalla meta, rappresentata dai top di luglio a 14950 circa. Solo oltre questo limite diverrebbe probabile il ritorno sui top di quest’anno a 16000 punti circa. Il definitivo cedimento di 14500 farebbe invece temere in un ritorno a circa 14000, area di transito della media mobile a 100 giorni e ultimo supporto in grado di contrastare una flessione più estesa. Discese sotto quest’area creerebbero infatti le premesse per una rivisitazione dei minimi di agosto, a 13200, la cui violazione aumenterebbe il rischio di inversione della tendenza ascendente originata dai minimi della prima metà di giugno, con conseguente approfondimento in area 12500.

Deciso ribasso  anche per il Topix che ha terminato le negoziazioni a 1194,10 punti (-1,92%). Sul fronte macroeconomico il Ministero dell’Economia, del Commercio e dell’Industria giapponese ha comunicato questa mattina la lettura preliminare sulla Produzione Industriale di agosto. Tale rilevazione si e’ attestata al -0,7% m/m deludendo le stime degli addetti ai lavori fissate su un valore negativo par a 0,4% ed in netto peggioramento rispetto alla rilevazione precedente fissata su un +3,4%. Lo stesso Ministero ha inoltre comunicato il dato relativo alle Vendite al Dettaglio. Nel mese di agosto tale rilevazione e’ salita dell’1,1% rispetto allo stesso periodo del 2012 in linea con le attese degli economisti.

In Giappone il dato relativo ai Nuovi Cantieri edili residenziali e’ salito ad agosto all’ 8,8% su base annuale, facendo registrare una crescita inferiore alle attese degli analisti che avevano stimato un incremento del 12,7%. Gli ordinativi di nuove costruzioni sono invece cresciuti del 21,4% nello stesso periodo. In Cina HSBC ha pubblicato questa mattina l’Indice Pmi Manifatturiero. Nel mese di settembre tale indice e’ salito a 50,2 punti, dai 50,1 punti del mese precedente, indicando comunque che l’economia cinese continua a recuperare gradualmente. Un valore dell’indice pari a 50 punti rappresenta infatti il divario tra crescita e contrazione dell’attività manifatturiera: pertanto la rilevazione di oggi evidenzia un miglioramento dell’economia cinese. E’ stata tuttavia rivista al ribasso la stima preliminare (51,2 punti).

Sul fronte societario spiccano il ribasso di Mizuho Financial Group che cede oltre 4 punti percentuali e di Nomura Holdings (-3,29%). Male anche i titoli esportatori, penalizzati dalla debolezza del dollaro: Toyota lascia sul campo il 2,64%, Nissan Motor il 2,19% e Honda il 2,73%.  In rosso anche le altre principali piazze asiatiche: Seoul cede  lo 0,74% e Hong Kong l’1,27%.  Positivo invece l’indice di Shanghai che guadagna lo 0,66%.


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MERCATI EUROPEI
Borse europee: indici in deciso ribasso a causa del budget Usa e della crisi politica in Italia

Le principali Borse europee hanno aperto la prima seduta dell’ottava in deciso ribasso. Il Dax30 di Francoforte cede l’1,05%, il Cac40 di Parigi l’1,1%, il Ftse100 di Londra lo 0,85% e l’Ibex35 di Madrid l’1,07%. Pesano le trattative sul budget negli Stati Uniti e la crisi politica in Italia. Male in particolare i minerari, le banche e il settore auto. Siemens -0,8%. Il conglomerato tedesco ha annunciato che taglierà 15 mila posti di lavoro entro il 2014.

ArcelorMittal -0,7%. Il colosso dell’acciaio ha annunciato la cessione della quota di maggioranza delle attività in Algeria allo Stato algerino nell’ambito di un accordo d’investimento da 763 milioni di dollari. Non è stato reso noto il prezzo di cessione della quota. Royal Bank of Scotland -1,2%. La banca ha annunciato la cessione di una quota di minoranza nella rete di 314 agenzie per 600 milioni di sterline ad un consorzio. Total -1,4%. La compagnia petrolifera ha annunciato di aver raggiunto un accordo per l’acquisto del 50% delle attività di esplorazione offshore in Africa del Sud. Vivendi -0,7%.

Il colosso francese ha prolungato fino al 31 ottobre le trattative con Etisalat per la cessione della quota del 53% detenuta in Maroc Telecom. L’operatore telefonico degli emirati lo scorso luglio ha offerto 3,9 miliardi di euro per la partecipazione del gruppo nord africano.

APERTURA MERCATO ITALIANO

Piazza Affari in netta flessione su rischio crisi di governo

Il Ftse Mib segna -2,03%, il Ftse Italia All-Share -2,05%, il Ftse Italia Mid Cap -2,36%, il Ftse Italia Star -2,12%.

Borse europee in calo. Venerdì scorso a New York l’S&P 500 ha terminato a -0,41%, il Nasdaq Composite a -0,15%, il Dow Jones a -0,46%. Attualmente i future sui principali indici USA sono in ribasso dlelo 0,7% circa. A Tokyo il Nikkei 225 ha chiuso a -2,06%, mentre a Hong Kong l’Hang Seng segna -1,3%. Mercato azionario italiano in forte ribasso a causa del rischio di crisi di governo ed elezioni anticipate. Lo spread BTP-Bund si avvicina ad area 300 bp e a soffrire di più sono ovviamente i titoli del settore finanziario con l’indice FTSE Italia Finanza a -3%. Molto deboli Fondiaria-Sai (-4,6%), UBI Banca (-3,8%), Unicredit (-3,6%), Unipol (-4,8%). In netta flessione anche Intesa Sanpaolo (-3,7%): ieri la banca ha annunciato le dimissioni dell’a.d. Cucchiani e la nomina al suo posto di Carlo Messina.

L’aumento dei rendimenti penalizza anche le utility, come al solito molto sensibili alle variazioni di questo parametro. In difficoltà A2A (-3,1%), Acea (-4,7%), Iren (-3,9%). In netta controtendenza Telecom Italia (+2,8% a 0,5965 euro): gli esperti di JP Morgan hanno alzato la raccomandazione su Telecom Italia a “neutral” da “underweight” (sottopesare rispetto al mercato/settore) con target price che sale a 0,60 euro da 0,46 euro. Le attese degli analisti sono per un aumento di capitale di modesta entita’ e per una vendita delle attivita’ in Brasile ad un multiplo di circa 7,5 volte l’Ev/Ebitda.


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TITOLI DEL GIORNO
La flessione che BP Milano ha avviato dopo aver raggiunto a 0,45 circa il 50% di ritracciamento del ribasso partito lo scorso febbraio non desta preoccupazione per il momento. Fintanto che i prezzi si manterranno al di sopra della media mobile a 100 giorni, attualmente in transito a 0,39, sarà infatti lecito credere nel proseguimento del rimbalzo avviato dai minimi di luglio. Conferme in tal senso al superamento di area 0,45, circostanza che potrebbe favorire la ricopertura del gap ribassista del 9 maggio, a 0,51. Al superamento di questa soglia, coincidente con il livello di Fibonacci successivo, il 61,8%, giungerebbero poi nuovi segnali di forza per almeno 0,60. Sotto 0,39 probabili invece ulteriori ribassi verso 0,365 e 0,358.
Per chi volesse acquistare il titolo: intervenire oltre 0,45 con stop sotto 0,415 per il target a 0,51 euro.
Per chi detiene attualmente il titolo: mantenere aperte le posizioni sopra 0,39. Incrementare solo oltre 0,45 per gli obiettivi a 0,51 e 0,60 euro.

Intesa Sanpaolo e’ andato incontro ad una brusca flessione a partire dal 25 settembre, dopo la violazione a 1,68 circa della base del doppio massimo disegnato in area 1,72 nelle precedenti sedute. Il ribasso e’ stato accompagnato da un deciso aumento di volumi, in particolare nella seduta del 26 settembre, e ha avvicinato con i minimi di 1,585 la base del canale crescente disegnato dai minimi di luglio, supporto a 1,5725 praticamente coincidente con la media mobile a 40 giorni. La violazione di questa area farebbe temere l’avvio di una correzione estesa di tutta la salita dai minimi di luglio, con obiettivi a 1,51 e 1,445 (ricavati dal calcolo dei ritracciamenti di Fibonacci). La tenuta di 1,585 e la rottura di 1,65 permetterebbero invece un nuovo test dei massimi di area 1,72. Superato anche questo ostacolo il titolo avrebbe spazio di crescita fino a 1,775, lato alto del canale rialzista disegnato dai minimi di luglio 2012.
Per chi volesse comprare il titolo intervenire sui livelli attuali con target a 1,72 e stop subito al di sotto di 1,57.
Per chi gia’ detiene il titolo mantenere le posizioni al rialzo con stop subito al di sotto di 1,57, incrementare alla rottura di 1,65 per 1,72.

Quadro grafico a serio rischio di discese per Mondadori. Il titolo venerdì scorso è sceso sotto il supporto a 0,94 euro circa, operazione che potrebbe riattivare la correzione vista nelle ultime due settimane. Questa prospettive verrebbe definitivamente confermata a seguito di una chiusura di seduta inferiore al minimo di lunedì scorso a 0,9310 euro: in tal caso difficilmente i prezzi potrebbero evitare approfondimenti verso 0,88/0,89 in prima battuta e successivamente sul minimo storico di giugno a 0,8150. Lo scenario potrebbe cambiare, almeno nel brevissimo periodo, in caso di superamento di quota 0,97, evento che determinerebbe il completamento del potenziale doppio minimo formatosi durante la scorsa ottava, un pattern rialzista capace di proiettare i prezzi verso 1,01 (target ideale), con possibilità di assistere successivamente ad estensioni sul massimo di metà mese a 1,1040.
Per chi volesse acquistare il titolo: posizioni long oltre 0,97 per 1,01, stop sotto 0,95.
Per chi detiene attualmente il titolo: incrementare oltre 0,97 per 1,01 e 1,1040, ridurre sotto 0,9310 e uscire alla violazione di 0,88.

DATI MACRO ATTESI

Lunedì 30 settembre 2013
01:15 GIA Indice PMI manifatturiero set;
01:50 GIA Produzione industriale (prelim.) ago;
01:50 GIA Vendite al dettaglio ago;
03:45 CINA Indice HSBC Manufacturing PMI;
08:00 GER Vendite al dettaglio;
10:00 ITA Indice prezzi alla produzione ago;
10:30 GB Credito al consumo ago;
11:00 EUR Inflazione (flash) set;
11:00 ITA Inflazione (prelim.) set;
15:45 USA Indice manifatturiero PMI Chicago set.


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HEADLINES
Intesa Sanpaolo: Cucchiani si dimette, Carlo Messina nuovo a.d.  
INTESA SANPAOLO: Carlo Messina succede a Enrico Tommaso Cucchiani come consigliere delegato e Ceo.

Banco di Desio e della Brianza: manifestazione d’interesse non vincolante per l’acquisizione del controllo di Banca Popolare di Spoleto SpA. Il Consiglio di Amministrazione del Banco di Desio e della Brianza SpA ha deliberato di inviare ai Commissari Straordinari della Banca Popolare di Spoleto SpA in Amministrazione Straordinaria la propria manifestazione d’interesse non vincolante per l’acquisizione del controllo di detta Banca, subordinatamente all’esito della due diligence e all’autorizzazione delle Autorità di Vigilanza.
L’eventuale acquisizione andrebbe a completare il progetto di riqualificazione della Rete Commerciale del Gruppo, avviato con il Piano Industriale 2013-2015, in un’ottica di sviluppo e rilancio dei valori di banca “a presidio del territorio” comuni a Banco Desio e a Banca Popolare di Spoleto nei rispettivi territori d’elezione.
I profili economici dell’operazione verranno eventualmente definiti a conclusione della due diligence..

Autogrill: martedì 01/10 inizieranno le negoziazioni di World Duty Free
E’ stato iscritto al Registro delle Imprese di Novara l’atto di scissione parziale proporzionale di Autogrill S.p.A. (Milano: AGL IM) a favore di World Duty Free S.p.A. (WDF).
Si conferma quindi che l’efficacia della scissione decorrerà da martedì 1° ottobre 2013 e che alla stessa data inizieranno le negoziazioni delle azioni ordinarie di WDF sul Mercato Telematico Azionario organizzato e gestito da Borsa Italiana S.p.A.

Brioschi: nei primi 8 mesi perdita di 11,3 milioni di euro
Il Consiglio di Amministrazione di Brioschi Sviluppo Immobiliare S.p.A. ha approvato una situazione patrimoniale della Società aggiornata al 31 agosto 2013, che riporta una perdita di periodo (1 gennaio 2013 – 31 agosto 2013) di 11.329.624 euro. Tale perdita, unitamente alle perdite degli esercizi precedenti portate a nuovo, al netto di tutte le riserve esistenti, genera una perdita netta di 75.715.973 euro, superiore ad un terzo del capitale sociale, confermando così la sussistenza dei presupposti per l’applicazione dell’art. 2446 del Codice Civile. Il Consiglio ha quindi deliberato di convocare un’Assemblea straordinaria per il giorno 28 ottobre 2013 alle ore 09.30, in prima convocazione, ed occorrendo in seconda convocazione, per il giorno 30 ottobre 2013, per discutere e deliberare in merito all’approvazione della situazione patrimoniale, economica e finanziaria della Società al 31 agosto 2013, ed ai provvedimenti ai sensi dell’art. 2446 del codice civile.

Fiat Industrial: perfezionamento fusioni di Fiat Industrial e CNH Global in CNH Industrial, avvio contrattazioni a MTA e NYSE
CNH Industrial N.V. (CNHI) comunica che in data 27 e 28 settembre 2013 si sono rispettivamente perfezionati l’atto di fusione per incorporazione di Fiat Industrial S.p.A. in CNH Industrial N.V. e l’atto di fusione di CNH Global N.V. in CNH Industrial N.V. e pertanto, in data 29 settembre 2013, l’integrazione delle due società si è completata. Nel contesto del closing dell’operazione, CNH Industrial ha emesso 1.348.867.772 azioni ordinarie che sono state assegnate agli azionisti di Fiat Industrial e di CNH Global sulla base del rispettivo rapporto di cambio. In particolare, agli azionisti di Fiat Industrial è stata assegnata una azione ordinaria CNH Industrial in cambio di ogni azione ordinaria Fiat Industrial dagli stessi posseduta e agli azionisti di CNH Global sono state assegnate 3,828 azioni ordinarie CNH Industrial in cambio di ogni azione ordinaria CNH Global dagli stessi posseduta.
Le azioni ordinarie CNH Industrial sono state ammesse a quotazione sul NYSE e si prevede che nella giornata odierna le azioni ordinarie CNH Industrial siano altresì ammesse a quotazione presso il Mercato Telematico Azionario (MTA). Si prevede che le negoziazioni abbiano inizio sul NYSE oggi a partire dalle ore 9,30 (ora locale di New York) e immediatamente dopo sul MTA.
Inoltre, nel contesto del closing dell’operazione, CNH Industrial ha emesso azioni a voto speciale (non ammesse alla negoziazione) che sono state assegnate a quegli azionisti di Fiat Industrial e di CNH Global che, avendone debitamente fatto richiesta, siano risultati legittimati a ricevere tali azioni a voto speciale. Sulla base del numero delle suddette richieste, le azioni a voto speciale emesse da CNH Industrial sono complessivamente pari a 474.474.276.

Equita taglia il giudizio su Generali
Gli analisti di Equita hanno tagliato il giudizio relativo a Generali da “buy” a “hold” con un target price fissato a 16 euro. Gli esperti di Equista hanno anche diminuito il peso nel portafoglio raccomandato di 50 punti base favorendo di una pari percentuale Mediobanca.

Market Summary for September 23, 2013 – September 27, 2013

Commentary

The major U.S. indices moved largely lower this week, with the exception of small-cap stocks in the Russell 2000. Recent economic data has painted a mixed picture for the U.S. economy, with fewer jobless claims and falling home sales. But, it’s another looming government shutdown that has the markets on edge this week. Economists project that the shutdown could reduce fourth quarter growth by as much as 1.4%, depending on its length.

Foreign markets were also mixed this week on conflicting news. Japan’s Nikkei 225 jumped 2.47%, Germany’s DAX 30 fell 0.47%, and the Britain’s FTSE 100 fell 1.51%, as of early trading on Friday morning. In Britain, Mark Carney ended quantitative easing programs for the time being, sending stocks lower and currencies higher. Confidence in the eurozone economy has also reached a two year high, although growth remains on the weak side.

SPDR S&P 500 (NYSE:SPY)
chart
The SPDR S&P 500 (ARCA:SPY) ETF fell 1.13%, as of early trading on Friday morning. After falling from its upper trend line and R2 resistance at 172.97, the index is nearing its R1 resistance at 167.91 and 50-day moving average at 167.49. Traders should watch for a rebound from these levels to re-test R2 resistance or a move down to the pivot point and lower trend line at 165.09. Looking at technical indicators, the RSI remains neutral at 52.98, while the MACD looks like it may be ready for a bearish crossover in the near-term.

SEE: What The Unemployment Rate Doesn’t Tell Us

PowerShares QQQ (Nasdaq:QQQ)
chart
The PowerShares QQQ (NASDAQ:QQQ) ETF fell 0.06%, as of early trading on Friday morning. After breaking through its R2 resistance at 77.99, the index moved off of its highs and appears to be in a bearish rising wedge pattern. Traders should watch for a move below R2 resistance and its lower trend line or a re-test of its highs. Looking at technical indicators, the RSI appears to be overbought at 66.35 and the MACD could be ready for a bearish crossover. These indicators seem to suggest that the index could move lower in the near-term.

SEE: Spotting Trend Reversals With MACD

Dow Jones Industrial Average (NYSE:DIA)
chart
The SPDR Dow Jones Industrial Average (ARCA:DIA) ETF fell 1.46%, as of early trading on Friday morning. After moving off its upper trend line at around 157.00, the index moved below R1 resistance to its 50-day moving average at 152.24 where it has stabilized. Traders should watch for a rebound from these levels to re-test the upper trend line or a move down to the pivot point at 150.06. Looking at technical indicators, the RSI appears relatively neutral at 29.20, while the MACD appears ready for a bearish crossover in the near-term.

iShares Russell 2000 Index (NYSE:IWM)
chart
The iShares Russell 2000 Index (ARCA:IWM) ETF rose 0.02%, as of early trading on Friday morning. After reaching its upper trend line and R2 resistance at 107.19, the index has traded sideways throughout the week in a holding pattern. Traders should watch for a breakout from these levels or a move down to R1 resistance and the 50-day moving average at 103.72. Looking at technical indicators, the RSI appears overbought at 65.47, while the MACD’s bullish trend appears to be slowing over the past couple weeks.

SEE: Candle Sheds More Light Than The MACD

The Bottom Line
The major U.S. indices moved largely lower this week, while technical indicators seem to suggest that the bearish trends will continue. Next week, traders will be closely watching for a government shutdown, with a decision that must be made by October 17th. Traders will also be watching for a number of economic indicators coming up, including the ISM Manufacturing Index on October 1st, Jobless Claims on October 3rd, and Employment Data on October 4th.

Charts courtesy of stockcharts.com

At the time of writing, Justin Kuepper did not own any shares in any of the companies mentioned in this article.

Quartz Daily Brief—Shutdown shenanigans, Shanghai trade zone, Berlusconi’s bravado, sleeping airline pilots

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Daily Brief sponsored by Siemens

Good morning, Quartz readers!

What to watch for today

Last-minute attempts to avert a US government shutdown, which are likely to fail, after the Republican-dominated House this weekend rejected a spending bill that would keep the government running after midnight on MondayPublic workers, foreign governments and people with the flu will feel the effects. Here’s a guide to debunking of some key arguments both for and against the president’s health care law.

Twitter plans to make its IPO filing public this week. The goal is to begin trading, likely on the New York Stock Exchange, before Thanksgiving.

Mark Cuban’s insider-trading trial begins. The tech billionaire and NBA team owner is facing charges filed five years ago for a trade he made in 2004, allegedly using insider knowledge to sell off shares in Mamma.com before they fell.

Will South African miners call off their strike? Workers who downed tools last Friday at Anglo American Platinum (Amplats) will hold a rally to discuss their protest against proposed job cuts. The stoppage, just three weeks after a gold miners’ strike over pay was resolved, echoes last year’s paralysis of the country’s mining industry.

BP’s civil trial begins its second phase. The British oil company faces billion of dollars in fines for the 2010 Deepwater Horizon spill in the Gulf of Mexico. At issue: the total amount of oil that was discharged during the 87-day disaster.

Over the weekend

Shanghai’s free-trade zone opened with a splash of cold water. Prime minister Li Keqiang, a champion of more open economic policies, conspicuously stayed away from the opening ceremony, a sign the government wants to lower expectations. Here’s our round-up of the knowns and unknowns about how the zone will function.

A consolation prize for the Hong Kong Stock Exchange. Power Assets Holdings, a firm controlled by China’s richest man, is reportedly planning to raise up to $5 billion on the Hong Kong bourse, a few days after e-commerce giant Alibaba dinged it by deciding to list in New York instead.

Silvio Berlusconi threw Italy into chaos again. The disgraced former prime minister, who could get kicked out of the senate this coming Friday, has called for fresh elections after ordering the five ministers from his center-right party to quit the government coalition. However, even some of his own party hacks are rebelling.

The UN Security Council reached a deal on Syria. Late on Friday the full 15-member body passed a unanimous resolution on disarming Syria of chemical weapons. Russian objections mean, though, that there are no immediate repercussions for Syria if the regime doesn’t meet the UN’s demands.

Two successes for commercial spaceflight. Orbital Sciences Corporation became only the second commercial firm to send a supply vessel to the International Space Station. Meanwhile, the first such firm, SpaceX, tested out a new version of its Falcon 9 rocket, whose payload satellite included a prototype of what could become a super-fast digital courier service.

Korea’s industrial output grew at its fastest pace in nine months..Strong mobile phone and auto production sent industrial numbers up 1.8% in August from the previous month and 3.3% year-on-year. The data could signal a broader recovery (paywall) in Asia’s fourth largest economy

…While China’s factory sector only grew slightly. The HSBC Purchasing Managers’ Index (PMI) rose to 50.2 this month from 50.1 in August, with an uptick in foreign orders offsetting a soft home market. Still, the data fell short of last week’s flash reading of 51.2.

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Quartz obsession interlude

Christopher Mims on why digital motion sickness will be the occupational disease of the 21st century. “The better technology gets, the more likely it is to give you a headache or make you throw up. The trend is inescapable: Whether it’s videogames, Apple’s latest mobile operating system, 3D movies and television, or Google Glass, a portion of the population—basically, anyone predisposed to motion sickness—is going to spend their sunset years, when this kind of technology is ubiquitous, in serious discomfort.” Read more here.

Matters for debate

Psychotherapy has an image problem. Therapists need to codify and promote empirically-supported methods.

Rouhani is playing Obama. Iran’s overtures to the United States are only intended to buy time to build nuclear weapons.

Glass floors are worse than glass ceilings. Poor kids climbing the ladder requires rich kids sliding down the chutes.

Making money in the airline industry isn’t about flying. Profitable US airlines pursued an “edge strategy”—basically, making money off extras.

Surprising discoveries

What all of Facebook’s users look like together. A designer created a single page made up of 1.2 billion minuscule Facebook profile photos. It looks, well, gray.

More than half of British pilots admit falling asleep in the cockpit. And nearly a third of those said they woke up to find the other pilot asleep, according to a survey. We assume it’s not just Brits.

China has blocked the delivery of 1,600 Belgian racing pigeons in a customs spat. The birds are popular with Chinese enthusiasts; a recent shipment included the world’s most expensive bird—$400,000 Bolt, named after Usain.

How Popeye’s went upscale. The fried chicken chain is transitioning from “Chicken ‘n Biscuits,” to “Louisiana Kitchen.”

Our best wishes for a productive day. Please send any news, comments, tomatoes, and racing pigeons to hi@qz.com. You can follow us on Twitter here for updates during the day.

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Weekly ETF Channel Newsletter 28/09/2013

ETF Channel
Weekly ETF Newsletter
The ETF Week in Review

The iShares Global Clean Energy ETF (ICLN) outperformed other ETFs this week, up about 4.8%. Components of that ETF showing particular strength this week include shares of Trina Solar (TSL), up about 22.4% and shares of Yingli Green Energy (YGE), up about 17.5% on the week.And underperforming other ETFs this week is the Gold Explorers ETF (GLDX), off about 5% this week. Among components of that ETF with the weakest showing for the week were shares of Chesapeake Gold (CKG.CA), lower by about 16.4%, and shares of International Tower Hill Mines (THM), lower by about 15.8% on the week.

Other ETF standouts this week include the Solar Energy ETF (KWT), outperforming this week with a 4.6% gain. And the iShares MSCI ACWI ex-U.S. Information Technology ETF (AXIT) was an underperformer, falling about 4.9% this week.

 

 

 

This Week’s Top 20 ETFs
Ranked By Weighted Average Broker Rating of Underlying ComponentsEach week, ETF Channel forms this rank by first looking at the analyst opinions from the major brokerage houses (which are tallied and averaged) for each individual component of each ETF. Then, for each ETF, those average broker ratings are considered as a weighted average according to the weighting of each of the ETF’s components �€” this gives the average broker rating for the entire ETF based upon its holdings. The ETF coverage universe is then ranked to give us the weekly top five ETFs by weighted average broker rating of underlying components. These rankings are meant as a tool for investors to generate ideas for further research.


Rank ETF Stars (out of 4)
#1 BJK – Gaming 3.32 
#2 VPL – Vanguard FTSE Pacific 3.31 
#3 PXLG – amental Pure Large Growth 3.28 
#4 JKE – iShares Morningstar Large-Cap Growth 3.27 
#5 XBI – SPDR S&P Biotech 3.26 
#6 GXC – SPDR S&P China 3.26 
#7 IBB – iShares Nasdaq Biotechnology 3.25 
#8 BIB – Proshares Ultra Nasdaq Biotechnology 3.25 
#9 PGJ – Golden Dragon China 3.23 
#10 EMIF – iShares Emerging Markets Infrastructure 3.21 
#11 IEZ – iShares U.S. Oil Equipment & Services 3.20 
#12 PWB – Dynamic Large Cap Growth 3.19 
#13 MGK – Vanguard Mega Cap Growth 3.18 
#14 SOCL – Social Media Index 3.18 
#15 OIH – Oil Services 3.17 
#16 DWAS – DWA SmallCap Technical Leaders 3.17 
#17 BBH – Biotech 3.17 
#18 UGEM – Utilities GEMS exchange-traded-fund 3.17 
#19 QLD – Proshares Ultra QQQ 3.15 
#20 TQQQ – Proshares UltraPro QQQ 3.15 
List of all ranked ETFs »

ETF Channel’s proprietary calculations are based on underlying ETF holdings and Zacks ABR data; powered by Xignite. Not all ETFs are ranked, nor are all underlying holdings. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

 

SPONSORED AREAThe Next Industry to Crumble…

Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete. Now an industry 99% of us use daily is set to implode… And 3 established companies are perfectly positioned to take advantage of this game-changing economic shift. Find out how YOU can take advantage!

 

Top Yielding ETFs
Rank ETF ETF Category Net Assets Recent Yield* 
#1 Global Listed Private Equity Portfolio (PSP) Global 443.72M 19.77%  
#2 iShares Mortgage Real Estate Capped ETF (REM) Real Estate 1.05B 15.29%  
#3 Mortgage REIT Income ETF (MORT) Income 101.19M 11.43%  
#4 CEF Income Composite Portfolio (PCEF) Value 453.90M 8.20%  
#5 SuperDividend ETF (SDIV) Income 727.44M 7.84%  
#6 KBW High Dividend Yield Financial Portfolio (KBWD) Income 237.67M 7.34%  
#7 SuperIncome Preferred ETF (SPFF) Income 52.85M 7.30%  
#8 iShares B – Ca Rated Corporate Bond ETF (QLTC) Corporate Debt 10.33M 6.94%  
#9 Multi-Asset Diversified Income Index Fund (MDIV) Income 84.79M 6.87%  
#10 S&P 500 BuyWrite Portfolio (PBP) Growth 177.05M 6.75%  
#11 Financial Preferred Portfolio (PGF) Income 1.49B 6.73%  
#12 SPDR S&P International Dividend ETF (DWX) Global 1.31B 6.72%  
#13 SPDR Wells Fargo Preferred Stock ETF (PSK) Income 252.90M 6.71%  
#14 Preferred Portfolio (PGX) Income 2.18B 6.67%  
#15 Fallen Angel High Yield Bond ETF (ANGL) Corporate Debt 15.90M 6.66%  
#16 iShares Asia Developed Real Estate ETF (IFAS) Asia 34.84M 6.61%  
#17 Guggenheim S&P Global Dividend Opportunities Index ETF (LVL) Income 83.98M 6.48%  
#18 First Trust Dow Jones Global Select Dividend Index Fund (FGD) Income 72.25M 6.38%  
#19 iShares iBoxx $ High Yield Corporate Bond ETF (HYG) Corporate Debt 15.20B 6.35%  
#20 SPDR Barclays High Yield Bond ETF (JNK) Corporate Debt 9.37B 6.35%  

Top Yielding SPDRs ETFs
Rank ETF ETF Category Net Assets Recent Yield* 
#1 SPDR S&P International Dividend ETF (DWX) Global 1.31B 6.72%  
#2 SPDR Wells Fargo Preferred Stock ETF (PSK) Income 252.90M 6.71%  
#3 SPDR Barclays High Yield Bond ETF (JNK) Corporate Debt 9.37B 6.35%  
#4 SPDR Dow Jones International Real Estate ETF (RWX) Real Estate 4.01B 6.23%  
#5 SPDR Barclays Short Term High Yield Bond ETF (SJNK) Corporate Debt 2.34B 5.82%  
#6 SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB) Municipal Bonds 193.75M 5.07%  
#7 SPDR S&P Emerging Markets Dividend ETF (EDIV) Emerging Markets 548.07M 5.07%  
#8 SPDR Barclays Long Term Corporate Bond ETF (LWC) Blended Debt 81.66M 4.87%  
#9 SPDR Barclays Emerging Markets Local Bond ETF (EBND) Blended Debt 155.47M 4.79%  
#10 SPDR Nuveen Barclays Build America Bond ETF (BABS) Municipal Bonds 54.89M 4.73%  
#11 SPDR S&P Russia ETF (RBL) Russia 31.87M 4.45%  
#12 SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD) Corporate Debt 14.78M 4.44%  
#13 SPDR Dow Jones Global Real Estate ETF (RWO) Real Estate 1.01B 4.44%  
#14 SPDR SSgA Income Allocation ETF (INKM) Income 110.55M 4.10%  
#15 SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR) Corporate Debt 27.93M 4.09%  
#16 SPDR S&P Emerging Europe ETF (GUR) Europe 77.71M 4.03%  
#17 SPDR S&P International Utilities Sector ETF (IPU) Utilities 39.90M 4.00%  
#18 Utilities Select Sector SPDR Fund (XLU) Utilities 5.36B 3.86%  
#19 SPDR S&P Small Cap Emerging Asia Pacific ETF (GMFS) Asia 22 3.80%  
#20 SPDRS&PGlobal Infrastructure ETF (GII) Utilities 52.55M 3.67%  

 

SPONSORED AREAThe Next Industry to Crumble…

Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete. Now an industry 99% of us use daily is set to implode… And 3 established companies are perfectly positioned to take advantage of this game-changing economic shift. Find out how YOU can take advantage!

 

Top Yielding iShares ETFs
Rank ETF ETF Category Net Assets Recent Yield* 
#1 iShares MSCI Singapore Small-Cap ETF (EWSS) Asia 27.39M 21.22%  
#2 iShares Mortgage Real Estate Capped ETF (REM) Real Estate 1.05B 15.29%  
#3 iShares MSCI Hong Kong Small-Cap ETF (EWHS) Asia 6.05M 13.90%  
#4 iShares MSCI All Country Asia ex Japan Small-Cap ETF (AXJS) Asia 5.64M 9.86%  
#5 iShares MSCI Australia Small-Cap ETF (EWAS) Southeast Asia – Australia 2.20M 8.40%  
#6 iShares B – Ca Rated Corporate Bond ETF (QLTC) Corporate Debt 10.33M 6.94%  
#7 iShares Asia Developed Real Estate ETF (IFAS) Asia 34.84M 6.61%  
#8 iShares iBoxx $ High Yield Corporate Bond ETF (HYG) Corporate Debt 15.20B 6.35%  
#9 iShares MSCI Australia ETF (EWA) Southeast Asia – Australia 2.06B 6.09%  
#10 iShares International Developed Real Estate ETF (IFGL) Real Estate 720.20M 6.08%  
#11 iShares U.S. Preferred Stock ETF (PFF) Income 9.46B 5.79%  
#12 iShares International Developed Property ETF (WPS) Real Estate 173.81M 5.72%  
#13 iShares Morningstar Multi-Asset Income ETF (IYLD) Income 108.25M 5.68%  
#14 iShares Emerging Markets High Yield Bond ETF (EMHY) Emerging Markets 222.08M 5.58%  
#15 iShares Global High Yield Corporate Bond ETF (GHYG) Corporate Debt 73.58M 5.54%  
#16 iShares Global ex USD High Yield Corporate Bond ETF (HYXU) Corporate Debt 44.48M 5.24%  
#17 iShares International Select Dividend ETF (IDV) Income 2.60B 5.19%  
#18 iShares Asia/Pacific Dividend ETF (DVYA) Asia 41.82M 5.17%  
#19 iShares MSCI New Zealand Capped ETF (ENZL) Southeast Asia – New Zealand 145.30M 4.86%  
#20 iShares 10+ Year Credit Bond ETF (CLY) Corporate Debt 289.54M 4.83%  

Top Yielding PowerShares ETFs
Rank ETF ETF Category Net Assets Recent Yield* 
#1 Global Listed Private Equity Portfolio (PSP) Global 443.72M 19.77%  
#2 CEF Income Composite Portfolio (PCEF) Value 453.90M 8.20%  
#3 KBW High Dividend Yield Financial Portfolio (KBWD) Income 237.67M 7.34%  
#4 S&P 500 BuyWrite Portfolio (PBP) Growth 177.05M 6.75%  
#5 Financial Preferred Portfolio (PGF) Income 1.49B 6.73%  
#6 Preferred Portfolio (PGX) Income 2.18B 6.67%  
#7 FTSE RAFI Emerging Markets Portfolio (PXH) Emerging Markets 357.37M 5.97%  
#8 Build America Bond Portfolio (BAB) Municipal Bonds 706.82M 5.03%  
#9 Fundamental Emerging Markets Local Debt Portfolio (PFEM) Emerging Markets 8.99M 4.91%  
#10 Global Short Term High Yield Bond Portfolio (PGHY) 8.68M 4.79%  
#11 Emerging Markets Sovereign Debt Portfolio (PCY) Emerging Markets 1.78B 4.59%  
#12 MENA Frontier Countries Portfolio (PMNA) Emerging Markets 14.62M 4.56%  
#13 Fundamental High Yield Corporate Bond Portfolio (PHB) Corporate Debt 620.94M 4.50%  
#14 KBW Premium Yield Equity REIT Portfolio (KBWY) Real Estate 69.56M 4.30%  
#15 Insured National Municipal Bond Portfolio (PZA) Municipal Bonds 600.90M 4.17%  
#16 Senior Loan Portfolio (BKLN) Blended Debt 5.72B 4.03%  
#17 Insured New York Municipal Bond Portfolio (PZT) Municipal Bonds 47.75M 4.01%  
#18 Dynamic Utilities Portfolio (PUI) Utilities 38.94M 3.95%  
#19 Insured California Municipal Bond Portfolio (PWZ) Municipal Bonds 60.72M 3.93%  
#20 PowerShares S&P 500 High Dividend Portfolio (SPHD) Income 135.37M 3.79%  

 

SPONSORED AREAThe Next Industry to Crumble…

Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete. Now an industry 99% of us use daily is set to implode… And 3 established companies are perfectly positioned to take advantage of this game-changing economic shift. Find out how YOU can take advantage!

 

Top Yielding WisdomTree ETFs
Rank ETF ETF Category Net Assets Recent Yield* 
#1 Emerging Markets SmallCap ETF (DGS) Emerging Markets 1.71B 5.76%  
#2 WisdomTree Middle East Dividend Fund (GULF) Middle East 21.79M 5.41%  
#3 WisdomTree Emerging Markets Corporate Bond Fund (EMCB) Corporate Debt 112.18M 5.23%  
#4 WisdomTree Emerging Markets Local Debt Fund (ELD) Blended Debt 1.44B 5.15%  
#5 WisdomTree International Dividend ex-Financials Fund (DOO) Global 341.70M 3.90%  
#6 WisdomTree DEFA Equity Income Fund (DTH) Value 254.32M 3.85%  
#7 WisdomTree Global ex-US Utilities Fund (DBU) Utilities 29.29M 3.75%  
#8 WisdomTree Australia Dividend Fund (AUSE) Income 57.97M 3.73%  
#9 WisdomTree Global Corporate Bond Fund (GLCB) Corporate Debt 14.72M 3.68%  
#10 WisdomTree Equity Income Fund (DHS) Value 719.39M 3.59%  
#11 WisdomTree Global Equity Income Fund (DEW) Global 112.54M 3.42%  
#12 WisdomTree International LargeCap Dividend Fund (DOL) Global 264.16M 3.28%  
#13 WisdomTree Dividend ex-Financials Fund (DTN) Income 1.11B 3.20%  
#14 WisdomTree DEFA Fund (DWM) Value 498.27M 3.18%  
#15 WisdomTree Europe SmallCap Dividend Fund (DFE) Europe 168.41M 3.03%  
#16 WisdomTree Australia & New Zealand Debt Fund (AUNZ) Government Debt 43.05M 3.02%  
#17 WisdomTree Global ex-US Real Estate Fund (DRW) Real Estate 130.87M 2.98%  
#18 WisdomTree International MidCap Dividend Fund (DIM) Global 129.06M 2.88%  
#19 WisdomTree SmallCap Dividend Fund (DES) Income 874.87M 2.86%  
#20 International SmallCap Value ETFs (DLS) Global 676.04M 2.83%  

Top Yielding Vanguard ETFs
Rank ETF ETF Category Net Assets Recent Yield* 
#1 Vanguard Long-Term Corporate Bond ETF (VCLT) Corporate Debt 140.25M 5.22%  
#2 Vanguard Emerging Markets Government Bond ETF (VWOB) 37.66M 4.64%  
#3 Vanguard Long-Term Bond ETF (BLV) Blended Debt 2.22B 4.60%  
#4 Vanguard Extended Duration Treasury ETF (EDV) Government Debt 477.06M 3.87%  
#5 Vanguard Utilities ETF (VPU) Utilities 1.74B 3.77%  
#6 Vanguard Intermediate-Term Corporate Bond ETF (VCIT) Corporate Debt 476.50M 3.67%  
#7 Vanguard Long-Term Government Bond ETF (VGLT) Government Debt 104.31M 3.62%  
#8 Vanguard Telecommunication Services ETF (VOX) Technology 539.59M 3.29%  
#9 Vanguard High Dividend Yield ETF (VYM) Income 9.43B 3.20%  
#10 Vanguard Intermediate-Term Bond ETF (BIV) Blended Debt 7.68B 2.87%  
#11 Vanguard Mega Cap Value ETF (MGV) Value 804.95M 2.59%  
#12 Vanguard Consumer Staples ETF (VDC) Consumer 1.70B 2.54%  
#13 Vanguard Value ETF (VTV) Value 26.03B 2.52%  
#14 Vanguard Total Bond Market ETF (BND) Blended Debt 41.57B 2.25%  
#15 Vanguard Financials ETF (VFH) Financial 1.65B 2.19%  
#16 Vanguard Dividend Appreciation ETF (VIG) Income 20.83B 2.17%  
#17 Vanguard Mega Cap ETF (MGC) Growth 960.12M 2.16%  
#18 Vanguard S&P 500 ETF (VOO) North America 146.36B 2.13%  
#19 Vanguard Large-Cap ETF (VV) Growth 7.57B 2.03%  
#20 Vanguard Materials ETF (VAW) Industrial 973.90M 1.97%  


*(updated 23 hours, 58 minutes ago) Yield calculations vary and may not be reliable nor comparable; yield may be expressed as SEC 30-day yield, annualized yield based on most recent distribution, trailing twelve month yield, or reported yield. Not all ETFs are ranked; data may be incorrect or out of date. Rankings are for informational purposes only and do not constitute advice. Full disclaimer

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Weekly Metals Channel Newsletter 28/09/2013

Metals Channel
Newsletter
Weekly DividendRank Metals Toplists & Metals ETF Movers

Metals Prices

Looking at metals prices this week, gold moved higher, with spot prices currently at $1338.59/ounce, up $12.41 (+0.9%) compared to $1326.18 on 09/20. Silver is currently trading at $21.78/ounce, unchanged $0.00 (0.0%) from $21.78 on 09/20. And turning to copper, the current spot price of $3.30/pound, has copper down $0.03 from $3.33 on 09/20, a week over week loss of -0.9%.

Metals ETF Movers

The Junior Gold Miners ETF (GDXJ) outperformed other Metals ETFs this week, up about 0.9%. Components of that ETF showing particular strength this week include shares of Bear Creek Mining (BCM.CA), up about 18.9% and shares of Lake Shore Gold J (LSG.CA), up about 13.9% on the week.

And underperforming other Metals ETFs this week is the Silver Miners ETF (SIL), off about 2.5% this week. Among components of that ETF with the weakest showing for the week were shares of Alexco Resource (AXU), lower by about 11.4%, and shares of Scorpio Mining J (SPM.CA), lower by about 9.1% on the week.

Other ETF standouts this week include the Global Gold and Precious Metals Portfolio (PSAU), outperforming this week with a 0.3% gain. And the SPDR S&P Metals and Mining ETF (XME) was an underperformer, falling about 2.4% this week.

 

 

DividendRank Metals Toplist

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 Metals Channel coverage universe weekly using our proprietary DividendRank formula, and sharing the list of the week’s top ranked metals stocks with our subscribers.

These are the metals stocks our DividendRank system has identified as the top most ”interesting” in the Metals and Mining category … this is meant purely as a research tool to generate ideas that merit further research.

 

SPONSORED AREAThe Next Industry to Crumble…

Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete. Now an industry 99% of us use daily is set to implode… And 3 established companies are perfectly positioned to take advantage of this game-changing economic shift. Find out how YOU can take advantage!

 

 

Metals & Mining

DividendRank Symbol Dividend Recent Yield* 
#1 CLV Q 1.75 8.56% 
#2 IAG S 0.25 5.18% 
#3 ARLP Q 4.61 6.01% 
#4 FCX Q 1.25 3.69% 
#5 RNO Q 1.78 14.54% 
#6 PAAS Q 0.50 4.72% 
#7 AHGP Q 3.14 5.07% 
#8 FRD Q 0.32 3.14% 
#9 NRP Q 2.20 11.42% 
#10 SCCO Q 0.48 1.71% 
#11 SXCP Q 1.69 7.17% 
#12 CMP Q 2.18 2.83% 
#13 LXFR Q 0.40 2.46% 
#14 NSU S 0.14 4.31% 
#15 SCHN Q 0.75 2.71% 


*(updated 13 hours, 34 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 advice. Full disclaimer

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