Global equity markets were subjected to sharp selling pressure by Darrell Jobman

EUR/USD The Euro was unable to push back above 1.23 against the dollar in early Europe on Wednesday and was then subjected to renewed selling pressure during the day. The Euro-zone capital markets and banking sector remained an important focus during the day. There were fears that banks would fin… More »

Overnight Developments

• Global stocks are mixed with the European Euro Stoxx 50 Index up +0.64% and Sep S&Ps up +7.40 points. The dollar and Treasuries are weaker and most commodities are higher as the euro strengthened after ECB figures suggested reduced funding pressure for European banks. The ECB said it would lend banks 131.9 billion euros ($161.5 billion) for 3 months, less than some market estimates of 250 to 300 billion euros. Banks on July 1 need to repay 442 billion euros in 12-month funds, the biggest amount ever awarded by the ECB, and a main cog in its extraordinary liquidity measures designed to fight the financial crisis last year. The weaker-than-expected demand suggests that funding pressures for European banks aren’t as bad as originally feared and helped push the euro higher and send European bank stocks soaring. AstraZeneca Plc, the UK’s second-biggest drug maker, climbed 9.7% after winning a US court ruling that will help prevent the sale of generic copies of it s cholesterol medicine Crestor until 2016, while Portugal Telecom SGPS SA jumped 5.8% after Telefonica SA increased its offer for the Portuguese company’s stake in Brazil’s largest mobile-phone operator.
• The Asian markets today closed mostly lower with Japan down -1.96%, Hong Kong -0.59%, China -1.12%, Taiwan -1.27%, Australia -1.02%, Singapore +0.18%, South Korea -0.76%, India +0.95%. Most Asian stock markets declined, with Chinese stocks falling to a 14-month low, as Asian markets play catch up to yesterday’s global equity market rout that was extended by weaker-than-expected US Jun consumer confidence that’s spurring concern about a slowdown in US economic growth. Most Asian exporters closed lower on concerns demand will weaken for their goods if the US economy slows and Japan’s Nikkei 225 Stock Index tumbled to a 7-month low after Japan’s wages unexpectedly declined in May. May Japan labor cash earnings dropped -0.2% y/y when the market was expecting a +0.8% y/y increase, eroding prospects for acceleration in domestic demand and deepening concern that the global economic recovery will slow.

Overnight U.S. Stock News

• Sep S&Ps this morning are trading up +7.40 points. The US stock market yesterday opened lower and continued lower throughout the day and finished with sharp losses (Dow Jones -2.65%, S&P 500 -3.10%, Nasdaq Composite -3.85%). The S&P 500 plunged to a 7-3/4 month low, the Dow Jones fell to 3-week lows while the Nasdaq slid to a 1-3/4 month low. Bearish factors included (1) carry-over weakness from a plunge in Asian and European stock markets as industrial and commodity stocks declined on concern that China’s economy is weakening after the Conference Board revised down its April gauge for the outlook of China’s economy to indicate slower growth, (2) the larger-than-expected decline in Jun US consumer confidence (-9.8 to 52.9 versus expectations of -0.8 to 62.5), (3) weakness in bank stocks led by a plunge in JPMorgan Chase after Moody’s Investors Service said JPMorgan Chase, Bank of America and Wells Fargo may lose $1.38 billion in annual revenue from the proposed cap on credit-card swipe fees being considered by Congress, and (4) concerns over the health of European banks after the 3-month Euribor rate rose to an 8-month high of 0.688%, signaling a lack of trust between lenders, along with concerns that European banks must refinance $540 billion in 1-year ECB loans into 3-month loans by July 1.
• Bullish factors included (1) the larger-than-expected increase in the Apr S&P/CaseShiller composite-20 home price index which had its biggest year-over-year gain in 3-1/2 years (+0.4% m/m and +3.8% y/y versus expectations of -0.15% m/m and +3.4% y/y), (2) comments from President Obama who said after meeting with Fed Chairman Bernanke that he and the Fed Chairman both agree that the US economy is strengthening "into recovery," and (3) the plunge in the 10-year T-note yield to a 14-month low of 2.95%.
• Citigroup (C) rose 2.1% and Bank of America (BAC) climbed 1.5% in pre-market trading on carry-over support from a rally in European bank stocks on weaker-than-expected demand for ECB funds.
• Peabody Energy (BTU) increased 1.3% in pre-market trading after Deutsche Bank AG raised its recommendation on the stock to "buy" from "hold."

Click here to read the complete Morning Call.

There are different stock market investment tools available today that help investors maximize the availability of information in their investment trading activities.

The internet contains a wealth of information about different publicly listed companies in the US.  There maybe websites that provide free research information although the information available maybe general knowledge in nature.

Natalia Osorio Editor of the “Best Stock Trading” website — http://www.BestStockTradingUsa.com — pointed out;

“…There are also companies that publish in-depth research reports on listed companies although they may available on a per subscription basis which may be costly for a retail based investor to subscribe to.  These research reports may cost from a hundred to a thousand dollars depending on the quality of the research reports being sold.

News articles, research reports and analyst reviews about companies are tools that provide fundamental information about a company.  Fundamental information can be from current news events about a company’s activities or analysis of their previously published financial reports.  Investors can then make more fundamental research and analysis from this information to gather more data that aid him in his investing strategies…”

There are also tools available today that provide management of raw data such as current stock quotes, historical price data or index performances.  These tools can be bought from software companies and can be installed in PCs and these tools will be a big help in gathering, processing and analyzing of raw data available and come out with information that will be more useful to the investor.  From raw data containing the historical closing prices of specific companies, these can be run thru investment tools to come out with information such as historical price trend of one company as compared to an index of companies its being compared with or probably have a report of the volume of stocks traded on these companies on a specific period of time.  These reports generated thru these investment tools will help an investor in making more efficient trading strategies from the raw data initially available.

“…Some stock market investment tools are purchased from software companies and they would usually cost hundreds of dollars which may not be practical for a small scale individual investor.  There are analysis tools available on the internet from online stock market trading companies that they are accessible online and are made free to their clients.  These tools are made available to their online investing clients as this also helps aid them in their trading strategies.

While the stock market tools, information and research products are available around the internet, careful planning, data gathering and interpretation of analysis made from these tools are equally important to ensure successful trades and long term investment growth of an investors’ portfolio…” N. Osorio added.

Further Information About The Best Stock Trading Course And Additional Resources  By Visiting; http://www.BestStockTradingUsa.com

- About the Author: Natalia Osorio runs her corporate website at http://www.OpsRegs.com where you can see all her articles and press releases. Article Source

Setting yourself a daily trading goal in your emini trading system is a great way to improve your trading results.

There are several ways that you could implement such a rule into your emini trading system here is an example of way to apply this to your rules.

Number of winning trades taken in the sessionWhen a predetermined profit target is achieved during the sessionTrade a certain time in a sessionA number of losing trades in a session

Now the number of winning trades I will give as an example is two, the reason for two because this is achievable for a day trader especially on the emini S&P500. Apply this to any emini trading system and your winning percentage may well increase along the way especially in sessions where your first two trades are the successful ones.

A profit target for your overall trading account for the day is also a great rule to test with your current trading system, this method is really probably the most satisfying as for a day traders it is always good to finish the day of with a nice profit. Now be mindful that you have to be realistic with your trading goals as always going for a certain dollar figure could end up creating more problems and effect your trading psychology.

Just trading a certain period per session be it the morning or afternoon actually makes the most sense. When you trade a market like the emini S&P 500 it is actually a very smart trader that chooses to trade the most volatile part of the session, this is within the first 90 minutes in the morning session and last couple of hours before market close each day. This is only a guide and you should do some testing looking solely at the times that the market trades the best.

The last is very important to a day trader as you realy need to know you limit for both your trading psychology and also your account draw down. Now as a trader you will have losses and some sessions will be negative but as a day trader these should be more consistently profitable as this is your job and consistency is important. A way to prevent this happening to you include worst case scenario and then come back for the next session with confidence in yourself and your  emini trading system.

Obviously you need to test and see which strategy works for you but remember the aim of trading for any trader is to be positive and you could possibly include a strategy that gives you a chance to recover your losses for the day but this is a decision you need to accept and be mindful that your daily draw down might increase with further losses.This is just a guide but when day trading any emini trading system this approach is very successful and somewhat under estimated.

- About the Author: Please check out my blog at Fx Trading Factory and feel free to leave comments Article Source

NeoStem, Inc. (AMEX: NBS) is an international biopharmaceutical company with operations in U.S. and China. Yesterday, it announced that it was added to the broad-market Russell 3000 Index with Russell Investment’s reconstitution of its comprehensive set of U.S. and global equity indexes effective June 25, according to a list of additions posted on www.russell.com. This occurrence represented an important milestone in NeoStem’s history. As part of the Russell indices, the company will have the opportunity to increase the company’s visibility within the investment community and further diversify its shareholder base.

NeoStem’s majority-controlled Chinese pharmaceutical operation, Suzhou Erye, manufactures and distributes generic antibiotics in China. It announced today that on June 15, 2010 its 51% owned Suzhou Erye pharmaceutical subsidiary passed the government inspection by the State Food and Drug Administration in China to manufacture penicillin and cephalosporin powder for injection at its new manufacturing facility. These two cGMP lines were responsible for $45,000,000 of Erye’s sales in 2009. The new facility now has received government certification and is fully operational and manufacturing products on these two production lines.

NeoStem’s Chairman and CEO, Robin Smith, commented, “Erye’s relocation of these two additional production lines to the new facility will increase capacity in the near term by more than 50%, bringing Erye another step closer to its goal of becoming one of the largest antibiotic producers in Eastern China.” 

To view this article at World Market Media click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1971/post/neostem-inc-amex-nbs-102m-marketcap

The new facility will provide an increase in production capacity of more than 50% over the old facility. Coupled with the approval of the lines earlier in 2010, Erye has relocated over 90% of its 2009 sales to the new facility, placing the process significantly ahead of the original 2011 goal. NeoStem is currently trading at $1.95, up $0.07 or 3.72%.

NeoStem’s Chairman and CEO, Robin Smith, commented, “Erye’s relocation of these two additional production lines to the new facility will increase capacity in the near term by more than 50%, bringing Erye another step closer to its goal of becoming one of the largest antibiotic producers in Eastern China.” 

Disclosure: no positions

- About the Author:   About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source

Converted Organics (NASDAQ: COIN) is dedicated to producing high-quality, all-natural, organic soil amendment and fertilizer products through food waste recycling. The company uses its proprietary High Temperature Liquid Composting (HTLC) system to process various biodegradable food wastes into dry pellet and liquid concentrate organic fertilizers that help grow healthier food and improve environmental quality.

Today, COIN announced that it’s working with its commercial landscaping customer Integrated Turf Care LLC. (ITC) to help make Florida’s BankAtlantic the 1st banking system in South Florida to implement an organic-only grounds maintenance program on the property of 31 of its 100 branch locations, concentrated in the areas of Broward Count and Palm Beach. This is being done in an effort to promote sustainability within the respective communities.

ITC recently began utilizing Converted Organics all-natural, organic fertilizers to develop environmentally friendly options for its customers, and plans to use the company’s Converted Organics 8-1-4™ Lawn & Turf fertilizer on the lawns of BankAtlantic. The 8-1-4™ Lawn & Turf fertilizer provides an environmentally-sound alternative to chemical fertilizers, helping to both improve soil health and reduce the risk of the chemical run-off associated with the use of chemical fertilizers. Results are achieved through fewer applications because of the slow, long-lasting nutritional release properties of the fertilizer which are delivered to the grass through the soil. Converted Organics fertilizer products not only provide a viable organic lawn-care solution, but help prevent food waste from being dumped into landfills, which generate harmful greenhouse gases into the air.

Jason Dowgiwicz is Turf Sales Representative for Converted Organics, and helped facilitate the initial relationship between the ITC and the Company. “We feel it’s a great opportunity to be working with not just one, but two companies so dedicated to serving both its clientele and the environment. Converted Organics is excited to further expand the use of its line of organic fertilizer products within the Florida area, and together with ITC and BankAtlantic, will help to preserve the state not only for its residents, but in effect, for its tourism industry, which is dependent upon the health and beauty of its ecology.”

To view this article at World Market Media click on the link below: http://www.worldmarketmedia.com/779/section.aspx/1972/post/converted-organics-inc-nasdaq-coin-partners-with-itc-to-facilitate-bankatlantics-efforts-to-become-organic-banking-system

Disclosure: no positions

- About the Author:   About World Market Media:WorldMarketMedia.com (The Global Online Investment Community) is a high traffic stock market, news data website providing cutting edge new media products and services to publicly traded companies worldwide. Our Editor’s Desk authors insightful real-time coverage on the economy, the capital markets and their listed companies. Article Source

Larry shares his big break-through; Determining when markets are ready to move.

Learn how to determine what trading style works best for you. This will be a key to your long-term success.

See Larry’s real time trades. You will also learn as he explains why he entered these trades… It can’t be any simpler than this!

Never Short a Dull Market by Robert W. Colby

Summary: Never Short a Dull Market. S&P 500 Composite (SPX) consolidated with a narrow range Inside Day and very low trading volume on 6/28/10. The SPX is oversold, losing downside momentum, and sentiment has turned bearish. Price momentum oscillators show bullish divergences. NASDAQ Composit… More »

Overnight Developments

• Global stocks are weaker with the European Euro Stoxx 50 Index down -1.87% and Sep S&Ps down -12.40 points. Commodities sank and the dollar and Treasuries gained on concern that growth in China, the main engine of the world’s economic recovery, is slowing. The Conference Board’s Apr leading economic index for China was revised down to show a 0.3% gain, far less than the 1.7% increase reported Jun 15. Mining companies took a hit on demand concerns with Rio Tinto down 4.7% and BHP Billiton losing 3.1%. A 2% drop in Vodaphone added to the negative price action in European stocks after Credit Suisse cut its recommendation on the world’s largest mobile-phone company to "neutral" from "outperform." On the positive side, the Jun Euro-Zone economic confidence unexpectedly rose +0.3 to 98.7 as the drop in the euro bolstered the prospects for exports and optimism in Europe’s recovery. Three people familiar with the results said that Deutsche Bank AG, Commerzbank AG and Bayerische Landesbank passed a stress test that evaluated how about 25 European lenders would handle an economic downturn. The results are based on data from April that were passed on to the Committee of European Banking Supervisors. The European Union pledged on Jun 17 to disclose the results of the tests by the end of July.
• The Asian markets today closed lower with Japan down -1.27%, Hong Kong -2.31%, China -4.59%, Taiwan -1.03%, Australia -0.88%, Singapore -1.38%, South Korea -1.33%, India -1.35%. China’s Shanghai Stock Index plunged to a 14-month low after the Conference Board revised down its April gauge for China’s economic outlook to its smallest gain in 5 months, signaling a weaker expansion. Citigroup said in a report that China’s exports face "strong headwinds" in the second half of the year from policy tightening measures and the European debt crisis, reducing prospects of a rebound in the stock market. Concerns over the prospect for growth sent commodities tumbling which undercut most Asian commodity producers, while Chinese banks fell after Moody’s Investors Service said that China’s banks will face a rise in bad loans caused by the real estate industry and local-government financing vehicles. Stocks in Japan also closed lower on concern that its economic recovery i s stalling. The May Japan jobless rate unexpectedly rose +0.1 to 5.2% for its third straight monthly increase while the job-to-applicant ratio for May rose to 0.50, its highest level in more than a year, meaning there are 50 positions for every 100 candidates. May Japan household spending unexpectedly declined -0.7% y/y and May Japan industrial production also unexpectedly fell -0.1% m/m for its first decline since Feb. Japanese exporters were also undercut after the yen climbed to a 1-1/2 month high against the dollar.

Overnight U.S. Stock News

• Sep S&Ps this morning are trading down -12.40 points. The US stock market yesterday lacked direction the entire day and finished a volatile session slightly lower (Dow Jones -0.05%, S&P 500 -0.20%, Nasdaq Composite -0.13%). Bearish factors included (1) weakness in energy producers after crude oil tumbled, (2) the warning from the Bank for International Settlements (BIS) that European banks may struggle to refinance their debt if investor sentiment remains negative, which could start another banking crisis, and (3) the prediction from Columbia University finance professor Calomiris that the recently passed US financial services overhaul legislation will result in a "hidden tax" to consumers as banks levy an estimated $19 billion in additional fees to pay for the cost of the overhaul.
• Bullish factors included (1) comments from G-20 leaders after this past weekend’s summit in Toronto that they will focus on spurring economic growth and reducing deficits, (2) optimism that the US recovery is strengthening after the slightly larger-than-expected increase in May personal spending (+0.2% versus expectations of +0.1%), (3) the rally in phone service and wireless infrastructure companies after President Obama proposed doubling the airwaves available for smartphones, laptop connections to the Internet and new wireless devices, (4) the recommendation by Nomura Securities to buy stocks because equities "will be supported by valuations, monetary policy and earnings upgrades," and (5) the drop in the yield on the 10-year T-note to a 14-month low of 3.03%.
• Alcoa (AA) fell 1.7% in European trading on concern that metals demand from China may weaken.

Click here to read the complete Morning Call.

Before venturing into the Forex market, you must have some pointers that need to be taken into consideration.

Getting involved in Forex trading with little or no experience at all will just result in painful outcomes. You may lose most of your capital and become frustrated in the process because you are thinking that it is so easy to make money. That is one of the common misconceptions in Forex trading.

Natalia Osorio Editor of the “Best Forex Trading” website — http://www.BestForexTradingUsa.com — pointed out;

“…Though there are lots of money circulating, it does not necessarily mean that you can make easy money out of it. As every other endeavor in life, the rewards will came after you have worked hard for it. The key on mastering the Forex market relies on commitment, discipline, patience, and hard work. Forex traders are conducting transactions based on a set of rules. These are usually called a trading system. It will exactly tell you where you need to get in and out the market in order to make profit. One unwritten rule is following your system; make it as your daily code…”

Creating such system is the first step that you should take. You need to create a system that will fit your personality; otherwise you will find hard time to follow it. You can base your system on technical indicators like the mechanical system or based on experience and discretionary system.

The next step is trying it on a demo account. It is an account with virtual or “play money”. It is an excellent choice in testing your trading system as there is no money at risk. You can figure out how your system will work as far as trading is concern.

For how long should you stick to this demo account? It is advisable that you stick on it until it produced consistent and good results. You just need to be patient; remember that your goal here is to have a perfect trading system that you can use.

While practicing your system in a demo account, you must be aware of your emotions while trading. It can affect every single decision that you will make regardless of what you are trading.

Now you are on the go creating a live forex trading account but with limited funds. At this stage, you will now be seeing if you are really comfortable using your system. Remember that different systems can produce different results.

If you obtain the same good results like you have obtained in the demo account, then you are ready for the next step. If you did not, then you might opt to create another system. Always remember that you need to do things right and always be honest to yourself.

The last stage is the real one—trading in a real account with sufficient funds. In this stage you now have the confidence to yourself and to your system as well. You can now expect that your strategy will now produce consistent and profitable results. Only few traders are failing at this point.

“…Being a Forex trader is no joke at all. It requires a lot of hard work, patience, discipline, and the necessary education. By completing the aforementioned steps, you have a chance to produce profitable results. But just be honest to yourself about the results obtained in every stage. Develop your trading strategy and be a successful Forex trader…” N. Osorio added.

Further Information About The Best Forex Trading Softwares And Resources  By Visiting; http://www.BestForexTradingUsa.com

- About the Author: Natalia Osorio runs her corporate website at http://www.OpsRegs.com where you can see all her articles and press releases. Article Source