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Hedgehogs.net's connections' blogs

EUR, AUD and Other Higher-Yielders Fall, as Investors Scramble for Safety Amid Plunging Oil

May 11, 2011 by SteveT   Comments (0)

The lull in risk aversion seen yesterday was broken today as we had renewed selling in commodity and equity markets. Last night, data from China showing the need for more tightening from the central bank weighed on commodities, and when more sovereign debt concerns crept up in the European session

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Key Downside Reversal for S&P?

May 11, 2011 by SteveT   Comments (0)

Let’s notice that today’s action in the emini S&P 500 initially climbed above yesterday’s high at 1356.50 (to 1358.25), but then reversed sharply into a nosedive that so far has pressed to 1334.75, which is 4.25 points below yesterday’s low.

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S&P 500, at least marginal new highs over next few wks/month.

May 11, 2011 by SteveT   Comments (0)

The S&P 500 is ranging since the May high at 1371, and is seen as a correction (wave 4 in the rally from the Mar 14th low at 1249) with eventual new highs after (within wave 5, see in red on daily chart below). May be forming a large rising wedge since March (would explain the recent break below the top of wave 1, for those familiar with Elliott Wave), and would also fit the longer term view that further gains above 1371 may be limited and potentially forming a more important top, as wedges

FXstreet.com: Technical: Technical Market View

S&P 500, at least marginal new highs over next few wks/month. is a post from: The Forex Trading System Blog

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Zipcar posts wider loss as sales surge 48%

May 11, 2011 by SteveT   Comments (0)

SAN FRANCISCO (MarketWatch) — Zipcar Inc. on Wednesday reported a first-quarter loss of .1 million, or 95 cents a share, vs. a loss of .3 million, or .37 a share, a year earlier. Adjusted for one-time items, the company said it lost .9 million. Revenue jumped 48% to .1 million. Analysts polled by FactSet Research, who usually exclude nonrecurring items, were looking for a loss of 27 cents a share, on average, with sales of .8 million. Looking ahead, the company said it expects to post sales of million to million in the second quarter, which is slightly ahead of Wall Street targets. The stock closed down fractionally at .63 before moving up to .00 in extended trading. Zipcar went public last month at a share.

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Strong earnings and weaker yen help Nikkei

May 11, 2011 by SteveT   Comments (0)

Tokyo shares gain while Australia shrugs off higher-than-forecast Chinese inflation data, which led to losses for property and financial stocks in Hong Kong and Shanghai

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Currencies: Euro falls on worries about debt contagion

May 11, 2011 by SteveT   Comments (0)

The euro falls more than 1% as confidence falters that Europe can solve its sovereign-debt problems. The pound jumps in reaction to the Bank of England’s latest inflation report.

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