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Great Graphic: Asian PMIs
It is the beginning of the month and a new data cycle. It starts with manufacturing PMI reports. ThisGreat Graphic was tweeted by Markit, but also draws on data from Japan's Materials Management Association and HSBC.
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Healthcare Sector In Focus
Keep your eyes on the healthcare sector in the coming 3-6 weeks as this could provide some decent swing trading opportunities. Nearly all of these charts have had follow through since their breakout, but I want to see additional strength on these daily charts before I attempt to buy a pullback.
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Market Commentary: Markets Open Mixed, Mostly Down On Moderate Red Volume
The premarkets were down -0.25% and were relatively active jumping up after the mixed not-so-good US financial's reported this morning. The markets opened in the red but slowly recovered to flat status posting numbers in the green on moderate volume.
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PAM Transportation Services
The Chart of the Day belongs to PAM Transportation Services(NASDAQ:PSTI). I found the stock by sorting today's All Time High listfor new high frequency in the last month then used the Flipchart feature to review the charts.
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Construction Spending Growth Declines In June 2014
This month's headlines say there was a decline month-over-month in construction spending - Econintersect agrees with the headlines believing this sector continues to slow month-over-month.
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Risk Pops In To Say Hello
This is still applicable of course, and we can now state that the lead time was indeed approximately four weeks in this case. Apart from the past few days of trading, the market at first continued to levitate, teflon-like, unimpressed by any and all possibly worrisome data points.
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S&P Has Topped For This Daily Cycle
The S&P has been invincible of late, but I believe its days are now numbered. Of course, I’m talking strictly about this current Daily Cycle only, as we all know too well that the longer term trend is in a runaway or parabolic like state.
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Payrolls, Income & Spending: The Trend Remains The Same
The US economy minted fewer jobs than expected in July, although the year-over-year change in private-sector payrolls inched higher, reaching an eight-month peak, the Labor Department reports.
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PCE Price Index: Headline And Core Little Changed, Remain Below Target
The Personal Income and Outlays report for June was published this morning by the Bureau of Economic Analysis.
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Muted Market Reaction To Job Data Disappointment
The US employment data was disappointing. The short-term market had been leaning the wrong way. The recent data had fanned hopes that the labor market was accelerating, but today’s data suggest the pace of improvement has not changed.
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TECHNOLOGY

WSJ: France’s Iliad Makes A Bid To Acquire T-Mobile
Sprint isn’t the only company trying to buy T-Mobile US. Iliad, a telecom in France, “has made an offer for T-Mobile US in a bold bid to counter an offer for the country’s fourth-largest wireless carrier by Sprint,” The Wall Street Journal reported on Thursday.
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Phil Davis On Money Talk
Phil talks about the stock market, his expectations for the near future, and how he protects his portfolio from selloffs. Phil also outlines some option trade ideas.
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