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Radient Pharmaceuticals (AMEX: $RPC) On Breakout Mode!

December 23rd, 2010

Radient Pharmaceuticals Corporation, a pharmaceutical company, engages in the research, development, manufacture, and marketing of diagnostic and skin care products. It offers ONKO-SURE, a proprietary in-vitro diagnostic cancer test, which is used for the detection and/or monitoring of lung, breast, stomach, liver, colon, rectal, ovarian, esophageal, cervical, trophoblastic, thyroid, malignant lymphoma, and pancreatic cancers. The company also has interests in the Combined Immunogene Therapy, a cancer vaccine therapy technology, which is used to build the bodys immune system and destroy cancer cells. In addition, it provides Elleuxe brand of anti-aging skin care products, including hydrating firming cream, renergie hydrating cleanser, intense hydrating cleanser, visable renewing hydrating softener, and smoothing renewing eye moisturizer. The company sells its products through distributors to hospitals, clinical laboratories, clinics, and other health care organizations primarily in the United States, Canada, Chile, Europe, India, Korea, Taiwan, and Vietnam. It has a collaborative agreement with the Mayo Clinic. The company was formerly known as AMDL, Inc.

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Tags: Radient, Radient Pharmaceuticals

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China leads global markets lower in holiday trade (AP)

December 23rd, 2010

LONDON – Chinese stocks led global markets lower Friday after officials announced plans to sharply limit new vehicle registrations in traffic-congested Beijing, while another downgrade of Portugal’s credit rating kept sentiment in check in those European markets that were open.

Trading generally was light with many markets, including Wall Street, closed for Christmas.

In Europe, France’s CAC-40 fell 0.4 percent to 3,893.98 while Britain’s FTSE 100 was down less than 0.3 percent at 5,981.29, a day after it broke through the 6,000 mark for the first time since the summer of 2008.

Both markets are only open for half the day while Germany’s DAX is closed until Monday.

As a result, trading is proving sluggish though a downgrade of Portugal’s credit rating from Fitch Ratings has weighed on sentiment. The downgrade was announced after markets closed on Thursday.

Fitch said it was reducing its rating on the country’s debt by one notch to A+ from AA- and warned that further downgrades may be in the offing by maintaining its negative outlook. T

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Tags: Global Markets, Global Markets Lower, Lower, Markets Lower

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WSJ Reports New Jersey Pension Deficit at $54 Billion; Actual Deficit $174 Billion; Illinois, California, New Jersey Among Worst States

December 22nd, 2010

The Wall Street Journal reports New Jersey Pension Gap Hits $54 Billion.

New Jersey’s pension gap grew to $53.9 billion in the last fiscal year, up from $45.8 billion, thanks to market losses and a lack of state funding, according to figures released Thursday.

Gov. Chris Christie’s administration said the gap, which reflected the state’s investment positions as of June 30, highlighted the need for proposed cuts to current public workers’ pensions. The $53.9 billion figure reflects the difference between the retirement benefits the state has promised to roughly 780,000 state and local workers over the next few decades and the amount on hand to pay those benefits.

In addition, an accounting practice called “smoothing” allows the state to factor market gains and losses over several years — meaning pension funds, on paper, are still feeling the effect of the 2008 market crash.

Christie, a Republican, wants to reverse a 9% pension bump workers received in 2001 under a Republican administration. Unions argue their members have an irrevocable right to benefits they have earned. The governor

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Tags: 54 Billion, Jersey, New Jersey, New Jersey Pension

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Small Insight Into One Way I Trade

December 22nd, 2010

Every trader has a tool bag of different patterns or techniques they use. You accumulate your tools and then you use them.

One stock I’ve been buying and waiting on is SOL. Really the whole solar sector and oil I’m interested in. I own JASO and UCO and I’ll post some other ideas below.

Just wanted to post the chart to show how some of the trades I take work. In my trading past if I didn’t get that initial move and you see there was one more red week after that white signal on the candlestick, I’d bail on the idea. I’ve learned when I need to stay with the trade or abandon it.

I entered on the second to last red weekly candle and loaded on the second dive last Friday.

These are not the breakout trades, they are specific oversold trades. JASO and SOL happened to be good fundamental plays. This is not what I screen for first. Fundamentals for me are always a huge plus, but the technical pattern is most important.

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With everyone making predictions for next year I think its always a good idea to step back and look at monthly charts. From what I can tell th

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Tags: Trade

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(XOM) U.S. Crude Stockpiles Report Another Decrease

December 20th, 2010

The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in crude and distillate stockpiles, while gasoline supplies continued with their climb. Meanwhile, refinery run-rates were down slightly from the previous week.

The Energy Information Administration (“EIA”) Petroleum Status Report – that contains data for the previous week ending on Friday – outlines information regarding the weekly change in petroleum inventories held and produced by the U.S., both locally and abroad.

The report provides an overview of the level of reserves and their movements, thereby helping investors to understand the demand/supply dynamics of petroleum products. It is an indicator of current oil prices and volatility that affect businesses of companies engaged in oil and refining industry like ExxonMobil (XOM), Chevron Corp. (CVX), ConocoPhillips (COP), Valero (VLO) and Tesoro (TSO).

Crude Oil

The federal government’s EIA reported that crude inventories fell by 5.33 million barrels for the week ending December 17, 2010, well above expectations by analysts surveyed by Platts, the energy information arm of McGraw-Hill Companies (MHP). The decreas

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Tags: Stockpiles, Stockpiles Report

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Gammon Gold Inc (NYSE: $GRS) Technical Analysis Suggests A Further Pull Back. Watch A Entry.

December 17th, 2010

Gammon Gold Inc., through its subsidiaries, engages in the acquisition, exploration, development, and mining of gold and silver deposits in Mexico. The company owns and operates the Ocampo mine in Chihuahua State, and the El Cubo mine in Guanajuato State, as well as the Guadalupe y Calvo advanced exploration property in Chihuahua State, Mexico; and leases the Las Torres gold-silver mine in Guanajuato State, Mexico. The company was formerly known as Gammon Lake Resources Inc. and changed its name to Gammon Gold Inc. in June 2007. Gammon Gold Inc. was founded in 1986 and is headquartered in Halifax, Canada.

Tags: Gammon Gold, Gammon Gold Inc, Gold Inc, Inc

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