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Oct 1, 2009

Is a divergence building in Apple? By Adam Hewison

Yesterday I produced a video on how to trade divergences in the
S&P 500. Today, I'm following up that video with a divergence I
see developing in one of the biggest tech stocks in the world,
Apple (NASDAQ_AAPL).

In this short four minute video, I'll explain some of the possible
negative divergences that are building for this market.
Divergences do not mean that Apple is going to collapse, as
the major trend in the stock remains firmly in the positive camp.
However, it could indicate that Apple is at a highpoint for the
time being.

As always, our videos are available to view without charge
and without registration.

http://www.ino.com/info/457/CD3233/&dp=0&l=0&campaignid=3

If you enjoy these videos, share them with your friends. I am
sure they will find them both helpful and educational.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

Business this week : The Economist Print Edition

Business this week
Oct 1st 2009
From The Economist print edition


Ken Lewis said he would step down as chief executive of Bank of America by the end of the year. Mr Lewis has had a rough time ever since BofA took over Merrill Lynch amid the financial maelstrom in September 2008. The deal was welcomed at first, but BofA had to ask the government for an extra $20 billion in funding to help smooth its acquisition. Mr Lewis also became a lightning rod for general criticisms over bank bonuses when huge rewards were paid to Merrill executives after the merger. These are now the subject of multiple investigations.
America’s Federal Deposit Insurance Corporation proposed a novel solution for rebuilding its deposit-insurance fund, depleted after a spate of seizures. Banks will pay three years’-worth of premiums, or $45 billion, upfront. But they will be able to record this on balance-sheets over time. This should enable the FDIC to avoid having to borrow from the Treasury, for now.
The European Central Bank’s second tender of unlimited one-year funds at 1% interest attracted much less demand than its first offer. In June the ECB provided a record €442 billion ($620 billion) to banks, but the take-up this time was only €75 billion.

BNP Paribas unveiled a €4.3 billion ($6.3 billion) rights issue, the proceeds of which it will use to help pay back the €5.1 billion it received in a bail-out from the French government. Meanwhile, UniCredit and Intesa Sanpaolo, Italy’s two biggest banks, declined offers of state aid in favour of raising cash from investors instead. See article
Xerox announced that it would buy Affiliated Computer Services for $6.4 billion, the latest example of a company that makes technology hardware adding data services to its business. As with Dell’s recent proposal to buy Perot Systems, Xerox should obtain a more stable revenue stream from ACS, which gets around 40% of its income from government-related contracts. See article
Cisco Systems made a $3 billion offer for Tandberg, a Norwegian company specialising in videoconferencing. Cisco hopes the acquisition will help it extend its reach in videoconferencing to smaller companies and consumers.

India’s Bharti Airtel and South Africa’s MTN called off their merger talks shortly before a conclusive deadline. It is the second time in two years that the telecoms companies have failed to combine and create what would be a mobile-phone behemoth stretching across Africa, South Asia and the Middle East. The South African government had insisted that MTN retain a large element of control over the business.
In the biggest deal among several acquisitions in the drugs industry this week, Abbott Laboratories agreed to pay $6.6 billion for the pharmaceutical business of Belgium’s Solvay, a conglomerate. Abbott gains a range of Solvay’s medicines, such as its treatment for high cholesterol, and also its flu vaccines, the worldwide market for which is expected to rise significantly over the next few years.
Britain’s Serious Fraud Office sought the attorney-general’s consent to prosecute BAE Systems in a politically contentious case, which centres on allegations that the defence company bribed several governments to win contracts. See article
General Motors said it would phase out its Saturn range of cars after a rescue deal put together by Roger Penske, a former racing driver, and Renault abruptly fell apart.


Amid renewed optimism about the start of a revival in America’s moribund housing market (with the S&P/Case-Shiller index of home prices in 20 cities rising for a third consecutive month in July) data from the Treasury for the second quarter showed that the number of homes at some stage of being foreclosed had reached almost 1m; completed foreclosures now exceed 130,000.

The yen advanced to an eight-month high against the dollar, fuelling fears that a stronger Japanese currency will hurt Japan’s exports and hamper its recovery. Hirohisa Fujii, the new finance minister, gave mixed policy signals, saying there was nothing “abnormal” about the currency’s upward trend of recent weeks, but adding that he has never said he would not intervene if the yen became too strong. See article
HSBC decided that from February its chief executive will be based in Hong Kong. The bank will keep its global headquarters in London. It explained Michael Geoghegan’s move to Hong Kong, where it was founded in 1865, as part of its strategy to ready the group “for the shift in the world’s centre of economic gravity from west to east”.

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From the Desk of Nick Nicolaas




Dear Friends:

Henk Krasenberg, analyst and founder of the European Gold Centre has posted his September 2009 “Gold View” Newsletter.
Click Here:


The Centre publishes in-depth letters regularly and strongly feels that a new gold cycle has considerable potential for at least the next 3 to 5 years and that an interest in shares of well-selected Canadian mining and exploration companies offer the best leveraged possibility to benefit from this trend.
The Centre distributes its specialized flow of information to European financial institutions, such as banks, brokers and investment advisors; to institutional investors such as investment companies, mutual funds, pension funds and insurance companies; and, on request, to sophisticated individual investors. The information is provided on a complimentary basis to anyone in these categories that has expressed an interest to receive it.
Stay Tuned!!

Regards,

Nick L. Nicolaas
Mining Interactive “Ahead of the Pack”
Nick L. Nicolaas
President & CEO
Mining Interactive Corp.
www.mininginteractive.com

Direct 24/7: +1 (604) 657-4058
Main Office: +1 (604) 569-0800
Fax: +1 (604) 569-0758
Skype: nicknicolaas
nick@mininginteractive.com

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