GBP/USD has broken the major downtrendline and rallied to the 50% level of the recent downmove. RSI remains bullish. The next major 50% retracement level is at 202.61.

GM shares are down over a dollar and the stock is now trading at 30 year lows and the market cap of the company is now only $6.5 billion.

My take on Contrarian Ripple Trading. Offering up a more technical, step-by-step approach to the strategy presented in the book of the same name by Martha Brozyna and Adrian McNamara. I outline both the benefits and risk of the strategy as well as a clearer picture of what is truly involved in success with this strategy particularly in areas I believed the book was weak.

trades i did today, what i took home and where think we are going

S&P’s/Case-Shiller’s index of housing prices in 20 major US cities fell by a record 15.3% year-on-year in April, the steepest drop since the began collecting data in 2001.

The extent of Australia's commodities boom was underlined yesterday by an Australian government report predicting export earnings from commodities would rise a whopping 40% $201bn in the financial year to June 2009, led by a 48% surge in mineral exports to A$178bn — the biggest rise in four decades.

“Two-hundred dollar oil would break the back of the global economy,” Adam Sieminski, chief energy economist at Deutsche Bank AG (DB), told Bloomberg News in an interview yesterday (Wednesday) in Tokyo. “Next step after $200 would be global recession and bad news for everybody.”

The most popular group of fast-growing emerging market countries which includes: Brazil, Russia, India, and China are facing their biggest economic challenge this decade. Like everywhere else on the planet, inflation is picking up in the BRIC economies but it’s much worse over there and central bankers are responding by raising rates and tightening monetary policy.

Xilinx (XLNX, news, chart) is seeing exremely bearish order flow for a second day. Yesterday, we noticed increasing volume in the January 15 and September 27.5 puts. Today

Yes, the stock market could be punished severely for these admissions on the Fed’s behalf. A severe punishing could take the stock market far below the March 17 closing price of 1278.60 when the Fed and JPM orchestrated a bailout of Bear Stearns. The daily low close of the year happened on Monday March 10 at 1275.60.

Who cares about the bulls and bears. Does it really matter who is leading the market. Become a beast and outperform them all.

As Indymac's share price crossed into sub-dollar area (81 cents as of now), warnings are starting to emit out of Wall Street and Washington.

summary of business week article about different ways to play solar stocks and links to analyst stock picks

With key countries in the world economy spiraling toward recession, and even India and China panicking about domestic inflation levels, there’s one country in particular that still seems to offer good value in its equities markets, thanks to an economic outlook that combines decent growth and only modest inflation.

A smart way to protect yourself from rising gas prices is by hedging your annual usage using one ETF. A hedge is an investment that is taken out specifically to reduce or cancel out the risk in another investment. The ETF is UGA- United State Gasoline Fund L.P. It trades on the NYSE just like any other stock like Microsoft, IBM or Apple.