Is Kan Good for Japan?
Kirby Daley, senior strategist at the Newedge Group, is positive on Japan now that Naoto Kan is in the prime minister’s seat. He tells CNBC’s Karen Tso, Kaori Enjoji & Bernard Lo why.
US Stocks Negatively Reverse After China's Currency Becomes More "Flexible"
It is also important to note that it was encouraging to also see the Dow Jones Industrial Average and the benchmark S&P 500 Index rally above their respective 200-day moving average (DMA) lines last week. The 200 DMA line should now act as support as this market continues advancing, while any reversal below that key technical level would be a worrisome sign.
Remember to remain very selective because all of the major averages are still trading below their downward sloping 50 DMA lines (which is the next area of resistance). It is also important to note that approximately 75% of FTDs lead to new sustained rallies, while 25% fail. In addition, every major rally in market history has begun with a FTD, but not every FTD leads to a new rally. Trade accordingly.
Sarhan's Latest Media Quote: Reuters More flexible yuan mildly bullish for commodities
“China’s economy is experiencing explosive growth and Beijing has taken several key measures in recent years to curb that robust growth.
“Allowing the yuan to be more flexible is simply another calculated measure to achieving that goal,” said Adam Sarhan, founder and chief executive of New York’s Sarhan Capital.
Ken Feinberg: Giving Away BP's Money
Insight on BP’s escrow account with the man put in charge of doling out BP’s cash, with Kenneth Feinberg, BP Escrow Account Administrator.
Trader Talk With Art Cashin 6.21.10
Getting the word on the street, with Art Cashin, UBS.
Meredith Whitney on FinReg, China & the Markets
We could be in for a rough second half, Meredith Whitney, CEO of the Meredith Whitney Advisory Group, told CNBC.
Can Gold Prices Continue to Rise?
Discussing how China’s yuan move will affect gold prices, with Jonathan Barratt, MD of Commodity Broking Services & Jim McCaughan, CEO of Principal Global Investors, speaking with CNBC’s Martin Soong, Sri Jegarajah & Karen Tso.
Who Will Gain from a Rising Yuan?
A gradual appreciation of the yuan will be very good for companies exporting to China, says Jim McCaughan, CEO of Principal Global Investors. He assesses the impact of a stronger yuan, with CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.
Maria Bartiromo 1-on-1 with Vikram Pandit
Discussing the top issues being tackled at the economic forum, with Vikram Pandit Citigroup CEO and CNBC’s Maria Bartiromo.
New Rally Confirmed; Stocks Close Above 200 DMA Line
Friday, June 18, 2010 Stock Market Commentary: Stocks ended higher this week, confirmed their latest rally attempt, and the benchmark S&P 500 index and the Dow Jones Industrial Average both closed above their respective 200 DMA lines which is an encouraging sign. Volume totals were reported higher on both major exchanges due to Friday’s quadruple witching day. Advancers led decliners by…