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Color Daily EURUSD Forex Chart Shows Lengthy Divergences

Mon, 02 Nov 2009 17:57:49 GMT

Instead of looking at the Euro Index, let’s take a look at the Euro - US Dollar FOREX Pair - EURUSD - and see the current ‘color chart’ along with two sets of momentum divergences and an Elliott Wave count. Sound complex? Let’s look at it step by step.[More...]

Jump Or Get Down! (Personifying The Market)

Sun, 14 Jun 2009 06:58:00 GMT

To personify where the market is right now here is a scenario. Remember when you were a kid at the town pool. Every once and a while there was a kid who thought, today would be the day he jump off the high dive. He would walk up to the ladder, the first step would be easy, 5th step would be harder, then as he gets to the platform and he starts to get scared. Now he really is having second thoughts, its a big jump. But now there is a line of people waiting to go, a bunch of people watching; some are cheering him to jump, others are hoping he climbs down to laugh at him. So the poor kid can either climb back down and risk embarrassment or face his fear and jump. Right now the market has to either face its fear and jump(ie Go Higher) or climb back down the ladder and be embarrassed(market goes lower) Since the market is in an uptrend and has support below it. Let's say the kid jumps,[More...]

The Dollar and Japanese Yen

Wed, 25 Feb 2009 17:44:00 GMT

Might the US Dollar be the lesser of many evils? Adam Hewison tackles this question in his latest public video “The US Dollar and Japanese Yen (USD/JPY): What Does the Chart Show?” Hewison shows multiple timeframe views of the currency cross and shows some of the latest trade signals and chart patterns that have set-up and then discusses what the possible direction of the pair going forward. (Click the chart for a larger imaage - chart created by Corey with TradeStation) Price has now crossed above the 20 and 50 day EMA, and these averages[More...]

Possible Reversal in USO US Oil Fund and Crude

Tue, 20 Jan 2009 18:24:00 GMT

Earlier, I showed the structure of the CRB Commodity Index and noted we might be experiencing a positive reversal, but let’s look now specifically at the US Oil Fund (USO) and $WTIC Crude Oil (Index). USO United States Oil Fund: We see an almost identical structure in the CRB Commodity Index. Price is in a long-confirmed downtrend and price has found resistance at the 20 day EMA each time we’ve had a[More...]

Looking at UNG Natural Gas Fund and Divergences

Mon, 05 Jan 2009 22:35:00 GMT

Similar to the chart of Crude Oil, let’s take a moment to see the structure of the US Natural Gas Fund - UNG both on the weekly and daily charts. There’s some interesting divergences that might be of interest to you. UNG Weekly Chart: The Fund started trading in mid-2007 during a sharp run-up in both crude oil and natural gas prices, and UNG investors were rewarded handsomely in 2008 but all investment gains and more were wiped out in the 2nd half of 2008… and so now 2009 begins. Price broke beneath key[More...]

Digging Deeper Into The Recent Rally

Mon, 05 Jan 2009 01:02:00 GMT

The last few trading days have been a boon for buyers, but let’s take a closer look at the 15-min intraday chart of the DIA to see what kind of foundation underlays this move. DIA 15 min: At first glance, we see a powerful trend-move on the 15-min chart, as price rallied almost without pause from $84.00 to $90.50 in just over three trading sessions. Notice how the 20 and 50 period EMAs crossed ‘bullishly’ early in December 30th and evolved into the “most bullish orientation possible” by the 31st. Look closely at[More...]

Where We Are, Where We're Heading (2009)

Wed, 31 Dec 2008 16:15:00 GMT

Let's score the 2008 edition predictions first: US will enter a recession: Confirmed by NBER. Check.Unemployment will rise north of 5%. Check (bigtime)Housing will not turn in 2008. Major check.The story in 2008 will be defaults on prime mortgages. Check.Consumer lending practice stupidity exposed. Check.Recreational sector (boats, etc) smashed. Check.Government will[More...]

Trading Strategy: Oil Stocks vs Oil

Mon, 29 Dec 2008 13:47:00 GMT

This strategy was inspired by the recent Bespoke post Oil Stocks Outperforming Oil in which Bespoke showed the historical ratio between the price of oil stocks and the price of oil itself. I’ve reproduced their graph below. Rising values indicate that oil stock prices are strong relative to oil, and falling values that oil stock prices are weak relative to oil. In this post, I’ll demonstrate a strategy that uses this ratio to trade the oil sector. [More...]

S&P 500 vs OEX Put/Call Strategy

Fri, 05 Dec 2008 17:12:00 GMT

I’ve discovered an interesting relationship between the S&P 500 and the OEX (S&P 100) put/call ratio that, to the best of my knowledge (though I can’t be certain), has never been shared in public. I will be tracking this strategy as part of the State of the Market report. Unfamiliar with the put/call ratio (PCR)? Read my August primer. Note that the primer talks about the CBOE total PCR while this report is using just the OEX PCR. [More...]

TED Spread Strategy Explored

Mon, 10 Nov 2008 04:34:00 GMT

Not familiar with the TED spread? Read more. Last week I shared a strategy that used the TED spread to trade the stock market. That post was one of our most read ever and we received a number requests from readers for more performance data. So in this post I’ll explore the TED strategy results from the perspective of an investor employing it in the real-world. [More...]

Nova Scotia Power Inc. issues $200 million of Medium Term Notes

Mon, 27 Jul 2009 16:30:00 GMT

HALIFAX, July 27 /CNW/ - Today, Nova Scotia Power Inc. completed the issue of $200 million Series W Medium Term Notes. The Series W Notes bear interest at the rate of 5.95% and yield 5.974% per annum until July 27, 2039.[More...]

Irving Oil sells Bayside Power to Emera

Fri, 26 Jun 2009 11:55:00 GMT

HALIFAX, June 26 /CNW/ - Irving Oil and Emera Inc. (EMA-TSX) announced today that Emera will purchase Irving Oil's interests in Bayside Power LP. Bayside Power LP is a 260 MW gas-fired combined cycle power plant located in Saint John, New Brunswick which was built in 1999. Bayside is a key supplier of energy in NB and also a supplier of energy in the US Northeast market for parts of the year.[More...]

Emera Q1 Earnings Release and Conference Call

Thu, 02 Apr 2009 20:55:00 GMT

HALIFAX, April 2 /CNW/ - (EMA-TSX): Emera's Q1 2009 earnings will be released on Tuesday, May 5, 2009. The company will be hosting a teleconference at 4:00 pm Atlantic time that day (3:00 pm Toronto/Montreal/New York; 2:00 pm Winnipeg; 12:00 am Vancouver) to discuss the Q1 2009 financial results.[More...]

Nova Scotia Power Inc. announces redemption of preferred shares

Fri, 27 Feb 2009 18:58:00 GMT

HALIFAX, Feb. 27 /CNW/ - Today, Nova Scotia Power Inc. (the "Company") announced that effective April 1, 2009 (the "redemption date") the Company will redeem all of its outstanding Cumulative Redeemable First Preferred Shares, Series C (the "Series C shares") for a redemption price of $25.00 per share.[More...]

Jackie Sheppard Appointed to Emera Inc. Board of Directors

Fri, 13 Feb 2009 18:31:00 GMT

HALIFAX, Feb. 13 /CNW/ - (EMA-TSX): Jacqueline Sheppard, former Executive Vice-President, Corporate & Legal of Talisman Energy Inc., an independent upstream oil and gas company, has been appointed to the Board of Directors of Emera Inc.[More...]

/C O R R E C T I O N -- Emera Inc./

Fri, 13 Feb 2009 17:27:00 GMT

In c8190 transmitted at 12:34e today, an error occurred in the first table of the "Liquidity risk" section. The last column heading of this table should have read "greater than 2012" and not "2012". Corrected copy[More...]

Emera Reports Earnings of $144.1 Million for 2008

Fri, 13 Feb 2009 16:29:00 GMT

HALIFAX, Feb. 13 /CNW/ - (EMA-TSX): Emera Inc.'s consolidated net earnings were $144.1 million in 2008, compared to $151.3 million in 2007. Excluding the effect of mark-to-market accounting adjustments in Bear Swamp, net earnings were $148.9 million in 2008, compared to $141.9 million in 2007. Earnings per share were $1.29 or $1.33 excluding mark-to-market adjustment for 2008 and $1.36 or $1.28 excluding mark-to-market adjustment for 2007. Consolidated net earnings for the three months ended December 31, 2008 were $25.3 million compared to $36.6 million for the fourth quarter of 2007. Quarterly earnings per share were $0.23 in 2008 compared to $0.33 in 2007.[More...]

Nova Scotia Power Inc. issues $50 million of Medium Term Notes

Tue, 20 Jan 2009 14:18:00 GMT

HALIFAX, Jan. 20 /CNW/ - Today, Nova Scotia Power Inc. completed the issue of $50 million re-opened Series T Medium Term Notes. The re-opened Series T Notes bear interest at the rate of 5.75% and yield 5.455% per annum until October 1, 2013.[More...]

Emera Q4 Earnings Release and Conference Call

Mon, 12 Jan 2009 18:45:00 GMT

HALIFAX, Jan. 12 /CNW/ - (EMA-TSX): Emera's Q4 2008 earnings will be released on Friday, February 13, 2009. The company will be hosting a teleconference at 4:00 pm Atlantic time that day (3:00 pm Toronto/Montreal/New York; 2:00 pm Winnipeg; 12:00 pm Vancouver) to discuss the Q4 2008 financial results.[More...]

Emera approves quarterly dividend - Jan 9 2009 2:37PM

Fri, 09 Jan 2009 18:12:00 GMT

TSX: EMA HALIFAX, Jan. 9 /CNW/ - On January 9, 2009 the Board of Directors of Emera Inc. approved a quarterly dividend of $0.2525 per common share. The dividend is payable on and after February 16, 2009 to common shareholders of record at the close of business on February 2, 2009.[More...]