Morning Reading – January 20, 2011

Bloomberg Businessweek: U.S. Stocks Near ‘Significant’ Top, Tom DeMark Says

U.S. stocks are within a week of “a significant market top” that is likely to precede a drop of at least 11 percent in the Standard & Poor’s 500 Index, said Tom DeMark, creator of a set of market-timing indicators.

Bloomberg: Apple’s `Underdog’ Analysts Outperform Wall Street From Helsinki, Caracas

The most accurate analyst covering Apple Inc. isn’t on Wall Street. It’s Horace Dediu — a blogger, ex Nokia Oyj worker and self-described “entertainer” who writes from a home overlooking the Baltic Strait in Helsinki.

Bloomberg: CFA Institute Unable to Grade Africa Exams After Papers Were Lost in Ghana

CFA Institute, the global association of investment professionals that awards the Chartered Financial Analyst designation, said the answer sheets of 275 candidates who took exams in Ghana last month were lost.

The Slope Of Hope: Did You Take A Bite Out Of Apple?

Buy the dips, (as long as we are in an uptrend as defined by being above the 50-day and trend channel support) sell the rips (that’s getting the first down) and yes upon doing so over and over and over again and you too can go to the Superbowl!

FT BeyondBRICS: China: are the risks crystallising?

Any hopes that they markets would take the latest troublesome numbers from China in their stride were quickly dispelled: Thursday’s GDP and inflation figures have triggered drops in equities of 2.9 per cent in Shanghai and 1.7 per cent in Hong Kong.

FT Alphaville: From the desk of Jean-Claude Trichet…

… to the desk of BNP chairman and European Parliament member, Nick Griffin…

Macro Man: Apocolypse When?

Is it just us or does it feel to you that there is a hell of a lot of tension in the wires at the moment as the tug of war between good and evil sees every force available thrown into either argument? The interpretation of Good and Evil of course depends on whether you are a bull or bear in your chosen market, but it looks as though our two favourite concerns of the Euro and equities are the main battlegrounds of such conflicts.

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