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Zantrio.com Market Review August 30, 2010


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Stocks fell in today's session, following a triple digit rally on Friday. Stocks started falling today on global recovery fears. This morning the Central Bank of Japan said they were going to keep key interest rates at 0.1%. They also announced a new loan program that financial institutions; financial companies will be able to borrow up to $30 trillion yen, or $355 billion if needed. With the news from Japan, U.S. treasuries yields plummeted today as investors bought up the "safe havens". Late Friday, the yield on the 10-year note was at 2.64%, today the 10- year note was yielding 2.57%. With investor's concern growing, they are buying up large amounts of Government bonds and other 'safe haven? investments. Also this morning, the Commerce Department reported that consumer spending rose 0.4% in July, up from the 0.1% it rose in June. Analysts' were looking for spending to rise by 0.2%, so were pleasantly surprised. Personal incomes rose in July; there was a rise by 0.2%, unchanged from the previous month. Analysts' were expecting to see spending rise by 0.3%. Stocks continued their decent this afternoon, the Dow was down as much as 107 points before the close today. All three major indexes finished the day in the negative. Commodity prices were mixed in today's session as the dollar rose versus the pound and the euro.

Free Daily Stock Picks activity and results for August 30, 2010:

AAPL - 1st Target Level hit for a gain of X.XX points
WINN - EOD price hit for a loss of 0.02 points

Total: 2 positions; +3.59 points; +$359 (based on 100 shares)

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Stocks Day Trading Picks results:
Total: 4 positions; +0.60 points; +$60 (based on 100 shares)

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Forex Day Trading Picks results:
Total: 2 positions; -$248.92 (based on 1 contract)

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Futures Day Trading Picks results:
Total: 5 positions; -$60 (based on 1 standard lot)
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