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Morning Briefing

Wednesday, October 10, 2012

Morning Matters:

No Need To Panic Yet
by Geoff Garbacz

Back on September 26th we wrote an article in this column about the retracement tool. Like now the media was running around like a chicken with its head cut off because the market had sold off since its peak on September 14th, the day after QE3 was announced. We noted in that article since June that pullbacks were retracing on average about 38% and 50% of their move. Occasionally, the 61% level was violated. Remember from our main webpage in the Morning Briefing section you can review old articles by clicking on Morning Briefing Archives. It is worth reviewing this article again. More...


Market Matters:

Futures Lower For A Third Morning
by Staff Writers

US futures: (S&P +1.40, DJI -11, NDX ++) Asia lower and Europe mixed. Copper and gold higher with WTI Crude Futures higher. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US ten-year Treasury Yield +.018. Prices as of 8:05 a.m. EDT. More...


Today's Superstock Investor Stock Scorecard:

by Superstock Investor

Safeway (SWY) will report earnings before the open tomorrow. Estimates are $0.48 versus $0.38. Our price target is substantially higher and we like the basing pattern of this stock. A name worth futher consideration. More...


Articles That Matter:

China & Japan Tensions Remain High
by Geoff Garbacz

The tension between China and Japan remained high as the Chinese Central Bank Chief and Finance Minister decided not to attend IMF Meetings in Tokyo this week. Clearly, this is due to the tensions over Japan and China island dispute. More...


Morning Briefing Archives