TRADE LEVEL FOR STOCKS

12/03/2013 

www.cfb.ae

 

Best Buy Co., Inc.  (Public, NYSE:BBY)

Sell @20.40; Stop above@23, Target @17

The McGraw-Hill Companies, Inc.  (Public, NYSE:MHP) 

Sell @Market Price; Stop above@50, Target @Open

Newfield Exploration Co. (Public, NYSE:NFX) 

Buy@23.50. Stop below@23.10, Target@Open

Verisign, Inc.  (Public, NASDAQ:VRSN) 

Sell @47.60; Stop above@48.60, Target @45.90

SYSCO Corporation  (Public, NYSE:SYY)

Sell @ Market Price; Stop above@34.10, Target @32.50

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Asad Rasheed
Direct:04-3841906
Email:asad@cfb.ae
Email:info@cfb.ae


For more information please visit our website:  www.cfb.ae

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Here is another blog that provides regular news and information and is very useful to stay updated
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A Quick Glance at News.

Gold’s worst start to a year in a quarter century and the biggest sales by investors on record are increasing concern that bullion’s longest rally since the end of World War I is ending.

Investors sold 106.2 metric tons Gold valued at $5.4 billion from exchange-traded products in February, the most since their creation in 2003, data compiled by Bloomberg show. Another 26.1 tons was cut since then.

Credit Suisse Group AG and Barclays Plc say the 12-year rally in Gold will peak in 2013 and billionaire George Soros reduced his stake in the biggest ETP by 55 percent in the last quarter. Prices are within 4 percent of a bear market after the longest run of monthly losses since 1997. 

Gold futures in Mumbai are set to decline within a month to levels last traded in May, according to technical analysis by Angel Commodities Broking Pvt.

 

Asian stocks fell from a 19-month high as Chinese shares extended their decline. Japan Petroleum Exploration Co. (1662) surged after Japan confirmed it has extracted frozen natural gas from under the seabed. 

The MSCI Asia Pacific Index slid 0.3 percent to 136.14 as of 2:48 p.m. in Tokyo after rising as much as 0.3 percent. About five stocks fell for every three that gained on the measure, which closed yesterday at the highest level since August 2011.

The Reserve Bank of India faults government expenditure for stoking inflation even as its sovereign-bond holdings have risen to $91 billion from negligible amounts in 2008. While it has a mandate for price stability -- like counterparts in the U.S., Europe and Japan -- the RBI has another charge its peers lack: ensuring the government achieves its borrowing program.

West Texas Intermediate oil fell from the highest price in almost two weeks before a report that may show U.S. crude stockpiles rose to an eight-month high. Refining in China dropped to the lowest level in four months.

The dollar’s ability to rally on the back of positive economic news also cheered dollar bulls who contend the U.S. unit is poised to gain on expectations the Federal Reserve will move closer to scaling back its ultra-easy monetary policy. But others urged caution.

 

Costco Wholesale Corp COST -0.58%, warehouse retailer, on Tuesday reported that fiscal-second-quarter net income increased 39%, net sales increased 8.2%, net revenue including membership fees rose 8.3% and comparable-store sales rose 5%.

Contact Us:

Asad Rasheed
Direct:04-3841906
Email:asad@cfb.ae
Email:info@cfb.ae


For more information please visit our website:  www.cfb.ae

Here are some useful links that you can follow:

Here is a CFB blog that gives useful daily trade advice... http://century-financial-brokers-uae.blogspot.ae/

You can also follow CFB on facebook (useful advice on posts regularly)

Here is another blog that provides regular news and information and is very useful to stay updated
on the markets... http://centuryfinancialsbrokers.blogspot.ae/

Gold Survey: Split Views On Gold Price Direction Seen In Gold Survey

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There is no clear majority on the direction of gold prices for next week, as survey participants in the weekly World News Gold Survey differ in their view of where the yellow metal’s price might travel.

In the World News Gold Survey, out of 33 participants, 29 responded this week. Of those 29 participants, 13 see prices up, while eight see prices down, and eight see prices moving sideways or are neutral. Market participants include bullion dealers, investment banks, futures traders, money managers and technical-chart analysts.

Those who see higher prices said gold could be forming a potential bottom around the $1,550s, which if it holds, could portend higher prices. Others cited physical buying and the continued underlying support of ultra-loose central bank monetary as supportive for prices. Ideas that the gold market has reached a good value area have others suggesting a price rebound.

“With bullish sentiment reaching historically low levels … futures hitting multi-month lows (and) mandatory government spending cuts activated, I would expect bargain hunters to start searching for a bottom and a sharp recovery to develop into the market,” said Phil Streible, senior commodities broker at RJO Futures.

Participants who see weaker prices cite the market’s inability to hold over $1,600 an ounce and the bearish short-term technical chart picture for gold.

Those who are neutral or see prices trading sideways said they want to watch to see how the market develops as it trades under $1,600, especially as sentiment in the market remains negative and equities grab the headlines and investor interest.

“Technically gold remains in the negative mode; however, the $1,550 level is the beginning, we believe, of a base-building process. For this coming week we expect to see more two-way action and broad trading range,” said Adam Hewison,

 Contact Us:

Asad Rasheed
Direct:04-3841906
Email:asad@cfb.ae
Email:info@cfb.ae

For more information please visit our website:  www.cfb.ae

News Source: www.bloomberg.com

Here is another blog that provides regular news and information and is very useful to stay updated
on the markets...  http://centuryfinancialsbrokers.blogspot.ae/