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Jul 20, 2009

Fwd: Stockhouse @ the Bell: U.S., Canadian stocks extend gains; commodities climb

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From: Stockhouse @ the Bell <>
Date: Mon, Jul 20, 2009 at 4:45 PM
Subject: Stockhouse @ the Bell: U.S., Canadian stocks extend gains; commodities climb

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Stockhouse @ the Bell: U.S., Canadian stocks extend gains; commodities climb

Monday, Jul 20, 2009
Dear Stockhouse Member,

The Dow climbed for a sixth straight session on upbeat earnings reports, while the TSX surged more than 170 points. Here's a quick rundown of the top news on Stockhouse for Monday and a look ahead to Tuesday's trading.

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Today on Stockhouse

Your opinion matters. Submit an article to Stockhouse today at Submission guidelines can be found here.

In Stockhouse subscriber service Ticker Trax, Thom Calandra lists the next five events for peramivir developer BioCryst Pharmaceuticals (BCRX). He also names an Instant Value candidate.

If only all businesses were lucky enough to be big banks, says Sy Harding.

Supply side economics: How is gold going to fare this year? asks Doug Hornig.

In today's Got Gold Report by Gene Arensberg: NatGas in the crosshairs.

Dr. George Huang of Growth Stock Wire discusses a small-cap Canadian biotech stock worth a hard look.

Buzz on the Boards stopped by the Labopharm (TSX: DDS; Stock Forum) and Canadian Hydro Developers (TSX: T.KHD, Stock Forum) Bullboards.

Top Bullboards post: "If price of oil holds $65 today...! we could run to the previous high of $73. I think we'll stall at $75 however unless fundamentals start kicking in or hurricane season becomes accentuated. Inventory numbers this week could propel oil a lot higher if they are similar to last week's decline because sentiment is in our favor, for now!" – From techinfo on the Horizons BetaPro NYMEX Crude Oil Bull Plus ETF (TSX: T.HOU, Stock Forum) Bullboard.

Top Bullboard: Premium Exploration (TSX: V.PEM, Stock Forum) had the most posted Bullboard on Stockhouse Monday.

Top blog: "Commercial mortgages, mortgage re-sets to trigger next U.S. down-leg," says littleguy123 on the Outside the Market blog.

For news about small stocks that made big moves in Monday trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.

Word on Wall Street

"The main reason the market has been fairly strong is we haven't had any major disappointments in earnings," Joe Keetle, senior wealth manager at Dawson Wealth Management told the Associated Press.

Selected expected U.S. earnings releases for Tuesday
(Consensus Estimates vs. Last Year)
Apple Inc. (NASDAQ: AAPL) Q3 $1.16 vs. $1.19
DuPont (NYSE: DD) Q2 $0.53 vs. $1.18
Starbucks (NASDAQ: SBUX) Q3 $0.19 vs. $0.16
The Coca-Cola Company (NYSE: KO) Q2 $0.89 vs. $1.01
Yahoo, Inc. (NASDAQ: YHOO) Q2 $0.08 vs. $0.10

Selected expected Canadian earnings releases for Tuesday
(Consensus Estimates vs. Last Year)
Toromont Industries (TSX: T.TIH) Q2 N/A vs. $0.51
West Fraser Timber Co. (TSX: T.WFT) Q2 n/a VS. $0.08

Today In The Markets

TSX extends rally on higher commodities, easing worries about CIT Group

DJIA 8,848.15 +104.21
NASDAQ 1,909.29 +22.68
S&P500 951.13 +10.75
S&P/TSX 10,540.71 +171.29
S&P/TSX Venture 1,118.09 +22.47

TORONTO, NEW YORK (CP) - The Toronto stock market finished sharply higher Monday, extending its winning streak to six sessions on the likelihood that a major U.S. financial institution will avoid bankruptcy while improving sentiment send commodity prices higher.

The S&P/TSX composite index jumped 171.29 points to 10,540.71, following a surge of more than six per cent last week as a string of U.S. earnings reports raised hopes for an economic recovery.

The TSX Venture Exchange climbed 22.47 points to 1,118.09.

Encouraging outlooks from Goldman Sachs Group and Bank of America also helped sent New York markets higher as the Dow Jones industrials rose 104.21 points to 8,848.15.
The Nasdaq composite index climbed 22.68 points to 1,909.29 while the S&P 500 index was ahead 10.75 points to 951.13.

Please click here for the current U.S. and Canadian market summaries.

After-Hours News

Texas Instruments (NYSE: TXN)
The company reported second-quarter revenue of $2.46 billion, net income of $260 million and earnings per share of 20 cents after market close on Monday. Excluding restructuring charges of $85 million, Texas Instruments says its operating profit was $428 million in the second quarter, or 17.4% of revenue, and EPS was 25 cents.

Canadian National Railway (TSX: T.CNR)
Dia Bras Exploration (TSX: V.DIB), after After Monday's market close, CN reported its results for the second quarter, including net income, which declined to C$387 million, or 82 cents per share from year-earlier net income of C$459 million, or 95 cents per diluted share, as a result of depressed North American and global economies driving lower volumes. Revenues declined 15% to C$1,781 million.


Fundamental Research releases update on Canadian Zinc (TSX: CZN)
Fundamental Research releases update on Canadian Zinc (TSX: CZN) The full report is available free for a limited time at

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Fernando Guzmán

Technical Tips from Dan Gramza

Hello everyone, this is Dan Gramza and welcome to Gramza Market Studies Technical Tip.

Well today we're going to be talking about selling rallies. Now what does it mean when people say, "sell the rally" when you want to get into a trade? Or they sell a pull back? Or you hear things like, "The Trend Is Your Friend?"Well we're going to explore this here in just a minute.

I want to show you the technique and I want to show you some examples of how these markets behave in those settings.I want to show you an example, but before I can talk to you too much about this example I need to define a few things for you. First candles... the approach that I use with Japanese candle charts, and that is what you're looking at here, is not the standard approach. So from myperspective, I don't focus on patterns, I focus on behavior. If we see a green candle that represents buying, that means that the closing price is higher than the open. If you see a red box that represents selling it means that the closing price is below that opening price. If you see a white line on top that's called a shadow, I think that represents selling. If you see awhite line on the bottom that represents buying. Now with that in mind, thesizes of the bodies and the shadows tell us about the degree of buying orselling. Now let's talk about this set-up here...To get the rest of the tips, please visit the link below and WATCH me!