May 10, 2013

WEEKLY MARKET DIGEST: YEN BREAKS 100, GOLD FALLS BY $33 $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT

 

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) 

YEN BREAKS 100, GOLD FALLS BY $33

May 10, 2013

In yesterday’s mornings capsule, we told you about Weekly New Unemployment Claims coming in better than expectations.  That single piece of data has turned out to be the trigger for yen breaking 100 for the first time in four years and gold falling by $33.

Bulls remain firmly in control of the stock market even though the market is very overbought.

Gold futures are at $1434, silver futures are at $23.35, and oil futures are $94.77.… Please click here or the title below to read more.

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APPLE AND AMAZON SHOULD REJOICE AS MICROSOFT MORBIDLY EMBRACES NOOK $MSFT $AAPL $GOOG $AMZN $BKS

MICROSOFT BLOG 4-11-13

TechCrunch reports that Microsoft MSFT may spend $1 billion to buy Nook outright from Barnes & Noble NE. In the pre-market Barnes & Noble stock moved up as much as 30% and was still higher by nearly 20% on the day in the afternoon. Microsoft has an existing investment in Nook of about one-sixth of the enterprise.

Barnes & Noble has done an incredible job with Nook even though it is nowhere near as popular as the Kindle lineup from Amazon or iPads from Apple AAPL.

Amazon started as a book seller.  No wonder it is the leader in the eReader market with its Kindle line of devices.… Please click here or the title below to read more.

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