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<p>[QUOTE=&quot;pitgurufk, post: 1995849, member: 72266&quot;]<p style="text-align: center"><b><font size="5">The Financials Review</font></b></p> <p style="text-align: center">For the week of October 17, 2011</p><p><br /></p><p><b><i>By Frank LaMantia</i></b></p><p><br /></p><p>For the past few weeks, stocks have been up on hope which in this trader&#039;s books does not constitute reason enough for a rally. Today, the market is down but could turn green due to Citibank&#039;s higher third quarter profits. The bank showed a $2.2 billion in revenues and does not need as much to cover bad loans. Well Fargo showed a 22% gain in profits but did have a decrease in revenue. The protest on Wall Street, Times Square, and Zuccotti Park has funding of over $300,000 and they have supplies. (1) This is also spreading to other countries. In Rome protesters caused millions in damage to property. Some have good intentions but when masses of people congregate it just takes one to spark a riot.</p><p><br /></p><p>Kinder Morgan has agreed to buy El Paso Corp. for $21.2 billion which would create the largest pipeline of natural gas in the United States. Barclays PLC has offered to lend Kinder Morgan the funding it needs to transact the purchase. It is estimated to be around $11.5 billion in cash.(2) The euro is down against the dollar as a resolution is postponed until the Oct. 23 summit. The euro is down 0.7% to $1.3790 and was high as $1.3917. It was up 3.8% last week. (3) Earnings and the euro crisis could send the market in either direction quickly so one must be ready to act.</p><p><br /></p><p>1) <a href="http://finance.yahoo.com/blogs/daniel-gross/morning-reading-ows-rome-114746359.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://finance.yahoo.com/blogs/daniel-gross/morning-reading-ows-rome-114746359.html" rel="nofollow">http://finance.yahoo.com/blogs/daniel-gross/morning-reading-ows-rome-114746359.html</a></p><p><br /></p><p>2) <a href="http://www.businessweek.com/news/2011-10-17/kinder-morgan-to-buy-el-paso-for-21-billion-in-cash-stock.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.businessweek.com/news/2011-10-17/kinder-morgan-to-buy-el-paso-for-21-billion-in-cash-stock.html" rel="nofollow">http://www.businessweek.com/news/2011-10-17/kinder-morgan-to-buy-el-paso-for-21-billion-in-cash-stock.html</a></p><p><br /></p><p>3) <a href="http://www.businessweek.com/news/2011-10-17/euro-falls-as-germany-sees-no-quick-resolution-for-debt-crisis.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.businessweek.com/news/2011-10-17/euro-falls-as-germany-sees-no-quick-resolution-for-debt-crisis.html" rel="nofollow">http://www.businessweek.com/news/2011-10-17/euro-falls-as-germany-sees-no-quick-resolution-for-debt-crisis.html</a></p><p><br /></p><p style="text-align: center"><img src="http://ne4.upanh.com/b3.s12.d4/051f2395e35b93e648dbc0a41b9068d9_36690954.101711ecfinancials.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p> <p style="text-align: center"><i>***chart courtesy</i></p> <p style="text-align: center"><i><a href="https://secure.geckosoftware.com/affiliate.cgi?abbr=PITPUB" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://secure.geckosoftware.com/affiliate.cgi?abbr=PITPUB" rel="nofollow">Gecko Software’s Track n’ Trade Pro</a></i></p> <p style="text-align: center"><i>Past performance is not necessarily indicative of future results.</i></p><p><br /></p><p><br /></p><p style="text-align: center"><b><font size="5">The Energies Review</font></b></p> <p style="text-align: center">For the week of October 17, 2011</p><p><br /></p><p><b><i>By Daniel Cronin</i></b></p><p><br /></p><p>The energy markets have rallied very nicely the last two weeks as traders and investors alike buy up the sold off crude markets with equities and the Euro rallying. These markets are almost at the top of their recent highs here with the S&amp;P getting to its double top at 1224 and the Euro/USD edging closer to $1.39.&nbsp; These are very significant levels and if the markets rally and close above here the move to the upside could further be sustained.&nbsp; I will likely look at buying some OTM puts as I believe the markets are overbought at these levels.&nbsp; Crude is trading $88.10 in Nov with $90.50 being the most recnt high and with the G20 meetings lined up very soon I believe this market could head back down.&nbsp; WTI and brent spreads have been rallying very nicely and I believe they too are due for a sell off.&nbsp; Looking for Crude to hold the $89- $90 level for now.</p><p><br /></p><p style="text-align: center"><img src="http://ne2.upanh.com/b3.s17.d2/bba13891d66573d8f90b81892c4d1e6d_36691122.101711clenegies.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p> <p style="text-align: center"><i>***chart courtesy</i></p> <p style="text-align: center"><i><a href="https://secure.geckosoftware.com/affiliate.cgi?abbr=PITPUB" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://secure.geckosoftware.com/affiliate.cgi?abbr=PITPUB" rel="nofollow">Gecko Software’s Track n’ Trade Pro</a></i></p> <p style="text-align: center"><i>Past performance is not necessarily indicative of future results.</i></p><p><br /></p><p><br /></p><p style="text-align: center"><b><font size="5">The Metals Review</font></b></p> <p style="text-align: center">For the week of October 17, 2011</p><p><br /></p><p><b><i>By Daniel Cronin</i></b></p><p><br /></p><p>Precious metals have continued to consolidate and climb on the COMEX the last two weeks as Gold pushes higher towards that $1,700 level.&nbsp; The USD has had some significant pressure put on it the last few weeks as it comes up to the critical level of $1.3900.&nbsp; Gold and Silver will have a bit of a time trying to break new levels to the upside here but I believe they are poised to do this.&nbsp; I might look to get into some OTM Gold calls as I believe this market is headed higher.&nbsp; There may be a brief pause in the beginning of the week with the Euro/USd trying to hold the $1.3900 level but I believe the metals will overcome this and rally towards the end of the week.</p><p><br /></p><p>Copper looking very strong above the $3.40 level but there is some good resistance at $3.50 so I would suggest taking some off the table here as equities are at the top of the range right now.&nbsp; Consecutive closes aboive 1224 in the S&amp;P will confirm the rally.</p><p><br /></p><p><br /></p><p><b><i><u>Disclaimer:</u></i></b> Past performance is not indicative of future results. <a href="http://www.pitguru.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.pitguru.com/" rel="nofollow">Trading futures and options</a> involves substantial risk of loss and is not suitable for all investors. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. The use of stop loss or contingent orders may not protect profits and may not limit losses to the amount intended. Certain market conditions make it difficult or impossible to execute such orders.[/QUOTE]</p><p><br /></p>

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