Friday, September 5, 2014

Saxo Bank Warns Swiss Franc Tail Risk Is Concerning / by Saxobank’s Steen Jakobsen via / 09/03/2014 10:36
In a nutshell: The chance of EURCHF breaking the peg at 1.2000 have increased from 10% to 25-30% based on European Central Bank monetary policy, geopolitical risk and a lack of policy choices for the Swiss National Bank. This means that the weighted risk is now 9 figures – significantly up from 2 figures when I did a similar calculation back in 2011/12. ((1.2000-.9000= 30 figures) x 30% = 9 figures of risk) .This means that being long EURCHF no longer is a safe bet and although the 70% chance of the floor being both defended and protected is still high, the tail-risk involved is becoming to concerning.
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Chart of the Day - Whiting Petroleum (WLL)

The Chart of the Day belongs to Whiting Petroleum (WLL).  I found the stock by sorting the All Time High list for the highest technical buy signals then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 8/25 the stock gained 1.91%.

Whiting Petroleum is an independent oil and gas company that acquires, exploits, develops and explores for crude oil, natural gas and natural gas liquids primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast and Michigan regions of the United States.

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2 Cheap Dividend Growers to Buy Now: NetApp (Nasdaq: NTAP) and Xerox (NYSE: XRX)

Back in May, I uncovered two dirt-cheap dividend growers in the technology sector: NetApp (Nasdaq: NTAP) and Xerox (NYSE: XRX).
Since my article on these tech gems, the stocks have logged total returns of 15.7% and 13.4%, respectively. Meanwhile, the S&P 500 is up only 5.7% over the same time frame.

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Wynn Resorts (NASDAQ: WYNN): This Casino Operator Is an Immediate 'Sell'

Just one month ago, shares of big casino operators were threatening to break out to the upside from their respective six-month swoons. Fast forward to this week, and they are doing anything but that.
The attempt to rally failed, and now casino stocks -- and Wynn Resorts (NASDAQ: WYNN) in particular -- are breaking down below support.
Based on the size and shape of the pattern formed so far this year, there looks to be a big drop coming.
WYNN Stock Chart
After peaking in March near $249, WYNN reversed course and fell to a low below $200 by late April. From there, it settled into a sideways range, offering short-term traders some good action, but essentially going nowhere for months.  (more)

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Gold & the Real Value of an Asset | McAlvany Commentary 2014

McalvanyFinancialPublished on Sep 3, 2014
Governments Always Indulge in Inflation
Inflation destroys Trust in more than Money
Unlimited Credit Creation the New “Printing.”

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