Not A Day Goes By Without A Story In The MSM By Some Industry Shill Like Daniel Yergen About The Imminent

Facebook Inc (NASDAQ:FB) is having a fantastic day. The stock hit a new all time high of $49.66. However, the charts tell the future and the future is…

Facebook Inc (NASDAQ:FB) is having a fantastic day. The stock hit a new all time high of $49.66. However, the charts tell the future and the future is not green for Facebook. Instead, it is cluttered with down days and a pull back to the $45.65 and $42.45 levels. So why when the world is so bullish on Facebook is the top in? The answer is somewhat simple. First, with the world so bullish on Facebook or on any stock, one must be wary as a reversal is likely. A great example of this was Apple Inc. (NASDAQ:AAPL). When the stock was at $700 a share, analysts were upgrading like crazy and the whole world was talking about it. This has now happened with Facebook. Today, happens to coincide with an analyst upgrade as well. Go figure, an analyst upgrades the stock now when it is up 100% in the last few months. Definitely similar to Apple at $700 per share. When looking at the stock chart of Facebook, the first thing that jumps out to me is the symmetry. The price hovered around $25.00 a share for a long period. After earnings it shot up to a high of $49.66. This is a 100% move in the stock. In addition, notice the selling that has come in off the highs today. Major distribution from institutions. Last, notice the tail on the chart today. As the stock declines, it forms what could be a topping tail on the daily chart. Should a topping tail form, it will solidify a major top in the stock for a pull back to the mentioned levels of $45.65 and $42.45. Normally, I do not mention valuation but even that is way beyond stretched. The bottom line sits at an overbought Facebook chart that has too many amateur bulls long and reversal signals everywhere. Cheers to a great shorting opportunity.  Gareth Soloway InTheMoneyStocks.com

Earnings Equals Opportunities, Ford, 3M, & More In Play

#NYSE : $UA · Under Armour, Inc.  

40.4% gain 3-months : 56.35 -> 79.11   0.1% gain 2-weeks   : 79.0 -> 79.11

1,154,500 median volume (3 months) …max: 5,778,100 …avg: 1,260,723 …min: 475,400

70.1%  daily positive gains (47/67 days)

Goldman Sachs Upgrades Lazard Ltd to a "Conviction Buy"

We talked about Lazard (not to be confused with Lazard Capital Markets) a couple weeks ago after they released a Levelized Cost of Energy Analysis. If you did not read that article Lazard is a global financial advisory firm founded in 1848. They operate all over the world and specializes in giving advice on mergers and acquisitions, strategic matter as well as restructuring and capital structure. Goldman Sachs on Monday upgraded Lazard to "Conviction Buy" from "Neutral." They also raised their price target to $45 from the previous $37. In a statement Goldman Sachs analyst Alexander Blostein said, “We believe the Street underestimates LAZ’s margin improvement opportunity in 2014 given strengthening revenue backdrop in both the Advisory and Asset Mgmt. businesses, and cost cut realization... “With modest revenue growth assumptions, we believe LAZ should achieve its 25% operating margin target, leaving us about 10% above consensus for the next two years. Furthermore, in our view, the firm’s significant cash flow generation (13% FCF yield) creates opportunities for corporate debt reduction starting in 2015, as well as dividend growth over time. Longer-term, we believe LAZ provides the most upside potential to an improving global M&A cycle mainly due to its European presence – currently the largest drag on M&A volumes.” For more information on Lazard's successes, the New York Times released an article here

http://aclassasset.blogspot.com/2013/10/goldman-sachs-upgrades-lazard-ltd-to.html

As technical traders, it our job to follow the money flow. Over millions of years there have been cycles, and patterns that have repeated over and ove…

As technical traders, it our job to follow the money flow. Over millions of years there have been cycles, and patterns that have repeated over and over. Take the seasons for example, there is summer, spring, winter, and fall. These seasons tell us when to prepare for cold weather, warm weather, when to plant, when to harvest, and more. The ancient hunters used to watch the footprints of animal tracks to find their lairs, this is how they were able to feed their families. This is basically the same thing that technical traders do with charts.   As a technical trader we look for patterns that repeat over and over again in order to find solid trading opportunities. Often, when that chart pattern appears it gives the technical trader a chance to make a solid investment decision. While technical trading is not perfect it will allow the discipline trader to exit the investment with a small loss when wrong. Yesterday, the Federal Reserve Bank announced that they would not start to taper their current $85 billion a month QE-3 program. Now, many traders were nervous about taking action ahead of the Fed announcement. A few days earlier I alerted the InTheMoneyStocks members to buy the gold mining stocks. This decision had nothing to do with the Federal Reserve or anyone else, it had to do with the charts. We were able to pick up the Market Vectors Gold Miners ETF (NYSEARCA:GDX) at $25.60 a share on September 12, 2013. Many members where asking me if a taper of QE-3 would hurt the gold mining stocks. I said to them that the chart is telling us that the GDX is going to rise and if I’m wrong we will just stop out of the position with a small loss. I said, trust the charts and do not worry about the news and the chatter in the media. Fortunately for us the GDX rallied higher by 10 percent yesterday closing above $28.00 a share. Learn to use the charts. Over the years the charts have usually forecasted most market moves before anyone in the media. Technical traders should also have a stop loss in place just in case the pattern on the chart fails, but the loss should be small. The key to trading is to let the winning trades run to target and cut the losing quickly when the chart pattern tells us to do so. Now there is a lot to learn about the charts, you will not master them in a day. In fact, we are always learning when following charts, but it sure beats trying to trade off of the news or the talking heads in the media. Nicholas Santiago InTheMoneyStocks.com

Markets Retreat On Light Volume: Stock Levels On Big Movers

Shutdown summit: Obama invites top Hill leaders to White House

(Photo: Larry Downing / Reuters)

House Speaker John Boehner, Senate Majority Leader Harry Reid, House Minority Leader Nancy Pelosi and Senate Minority Leader Mitch McConnell, set for meeting at 5:30 p.m. ET.

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Lazard Global Total Return and Income Fund (LGI)

Lazard Global Total Return and Income Fund ( LGI ) will begin trading ex-dividend on December 10, 2013. A cash dividend payment of $0.09073 per share is scheduled to be paid on December 23, 2013. Shareholders who purchased LGI stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 12th quarter that LGI has paid the same dividend. At the current stock price of $16.86, the dividend yield is 6.46%.

The previous trading day's last sale of LGI was $16.86, representing a -6.8% decrease from the 52 week high of $18.09 and a 15.48% increase over the 52 week low of $14.60.

For more information on the declaration, record and payment dates, visit the LGI Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.

Original Article Here