Chesapeake Energy Corporation (CHK, quote) announced today it plans to offer $2.3 billion of senior notes in order to help fund a tender offer worth about $938 million in outstanding senior notes.
Traders start out the week with the U.S. dollar broadly lower against the major currency pairs. The moves comes on the hope the U.S. policymakers can reach a deal before the fiscal cliff deadline which in turn pushed sentiment toward risk appetite assets and away from the safety of the U.S. dollar.
A portion of this post was published also in the public section Traders start out the week with the U.S. dollar broadly lower against the major currency pairs. The moves comes on the hope the U.S. policymakers can reach a deal before the fiscal cliff deadline which in turn pushed sentiment toward risk appetite assets and away from the safety of the U.S. dollar.
A quick Intel (INTC, quote) update on our option position from earlier in the week.
Intel Corporation (INTC, quote) has been in downward spiral for the past 6 months as traders leave the chip maker on concerns of a landscape shift away from the desktop to tablets and other mobile devices. To see just how of impact the mobile landscape is look no further than the giant stodgy software maker Microsoft (MSFT, quote) as they ready their release of Windows 8 which attempts to branch
We had a subscriber ask about any suggestions where to look for possible currency ETFs action. Interest rates at record rates not only in the U.S. but globally as well. Add into the mix huge amount of monetary easing like QE3 from U.S. Federal Reserve and central banks around the globe like Japan, Australia and England just to mention a few has seem have broken the system.
Our technical scans are highlighting rising wedge pattern in which price action touched the top of the range and is due to pullback as it has in the past.
With all the bad news hitting the news wires the U.S. market actually held in better than I thought it would.
After hitting its 52week high back on May 1st of this year Master Card (MA, quote) traded in a range from around $400 to $440 until it began to march higher back towards the 52 week high starting on September 6th. Since then the last 7 sessions Mater Card has traded sideways and has now pulled back to the near term trendline and has held the trendline support for the
As we approach the 4th and final quarter of 2012 coupled with the Bernanke floor thanks to the unlimited buying of mortgage backed securities banks like JP Morgan (JPM, quote), Wells Fargo (WFC, quote) and Bank of America (BAC, quote) should do well especially with large funds chasing for performance going into year end.
