TOTALINVESTOR: Jun 25, 2013

Tuesday, June 25, 2013

76% of Americans are living paycheck-to-paycheck

Roughly three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday.

Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than a three-month cushion and 27% had no savings at all.

"It's disappointing," said Greg McBride, Bankrate.com's senior financial analyst. "Nothing helps you sleep better at night than knowing you have money tucked away for unplanned expenses." (more)

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Analog Devices, Inc. (NASDAQ: ADI)

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. The company offers signal processing products that convert, condition, and process real-world phenomena, such as temperature, pressure, sound, light, speed, and motion into electrical signals. Its product range includes data converters to translate real-world analog signals into digital data and translate digital data into analog signals. The company also offers micro-electro mechanical systems technology based sensors comprising accelerometers to sense acceleration, gyroscopes to sense rotation, inertial measurement units to sense multiple degrees of freedom, and microphones to sense audio; isolators for various applications, such as universal serial bus isolation in patient monitors, smart metering applications, and satellites. Its products are used in a range of electronic equipment, including industrial process control, factory automation, instrumentation and measurement, energy management, and optical systems, as well as aerospace and defense electronics, automobiles, digital televisions, medical imaging equipment, patient monitoring devices, wireless infrastructure equipment, networking equipment, digital cameras, and portable electronic devices.
To review Analog's stock, please take a look at the 1-year chart of ADI (Analog Devices, Inc.) below with my added notations:

1-year chart of ADI (Analog Devices, Inc.)

While trading primarily sideways over the last (5) months, ADI has formed a solid resistance at $47 (red). That resistance would also provide a 52-week high breakout if the stock could manage to break above it. In addition, the stock has been climbing a long trendline of support (blue) since last July. At some point, the stock will have to break one of those two levels.
The Tale of the Tape: ADI has an up trending support and a 52-week resistance level to watch. A long trade could be made on a breakout above the $47 resistance or on a pullback to the support, which is currently approaching $44. A break below the up trending support could be an opportunity to enter a short trade.
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Chinese Banks’ Bond Risk Rises Most in Asia Amid Moody’s Warning

Bank of China Ltd. (3988), Export-Import Bank of China and China Development Bank Corp. led gains in Asian bond risk last week as Moody’s Investors Service warns credit curbs could threaten small and mid-sized lenders.
Prices of swaps tied to Bank of China, the nation’s fourth-largest lender, rose 70.4 basis points last week to 192.4, the biggest increase among members of the Markit iTraxx Asia index of 40 investment-grade borrowers outside Japan, according to data provider CMA. The cost of insuring Asian corporate and sovereign bonds from default surged 27.6 basis points last week, the most since November 2011, CMA prices show.
Continue Reading at Bloomberg.com…
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The World Is Now Headed Into A Depression

kingworldnews.com / June 24, 2013
Today one of the top economists in the world told King World News that despite bounces, stocks will continue to crater and he has positioned his clients short for a collapse in global markets. Michael Pento, founder of Pento Portfolio Strategies, also warned that central planners now have the world headed into a depression.
Pento: “It looks like the central bankers around the world have, after years of saying they were going to keep interest rates low and they weren’t going to allow markets to work, decided to change their minds.
And I’ve seen a watershed moment for Mr. Bernanke….
READ MORE

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Housing Stocks Near Bear Market; Turn Red Year-To-Date

zerohedge.com / By Tyler Durden / June 24, 2013, 11:21 -0400
Maybe, just maybe, those pesky plunging lumber prices were on to something after all…