Top Large Cap Cap Stock to Watch 9/10/13 September 10, 2013

During regular trading hours, there were many stocks that continued to break out to the upside. Watch Resistance & support levels. Below are a list of stocks that I am watching  for  today's trading. Also check out my 2012 Stock Gainers, Top Pick for 2013.Top You can also check Hot stocks to Buy Today Right Here. My Daily Trading Activities - Membership Link

Top Large Caps Stocks Pick Trading Ideas 

United States Steel Corp. (X)- Share of  United States Steel Corp. (X) is trading over $18. Paid Membership  Membership Link.

Caterpillar Inc. (CAT)- Share of  Caterpillar Inc. (CAT) is trading under $90. Stock is trading range last few weeks $82 to $93 which is the support and resistance level.I do believe stock could be $100 from here next 12 months.I will buy near $70 any market correction.

Amazon.com Inc. (AMZN)-Amazon.com Inc. (AMZN) will have resistance at Paid Membership  Membership Link

Below these are the  Large stocks  I am follow on 2013.

  
Top Large Cap Cap Stock to Watch 
3M Co. (MMM)
Apple Inc. (AAPL)
Arcelor Mittal (MT)
AstraZeneca PLC (AZN)
Alcon Inc. (ACL)
 Abbott Laboratories (ABT)
Alcoa Inc. (AA)
Amazon.com Inc. (AMZN)
American Express Company (AXP)
Anheuser-Busch InBev (BUD)
Amgen Inc. (AMGN)
Apache Corp. (APA)
Altria Group Inc. (MO)
Boeing Co. (BA)
BP plc (BP)
Banco Bradesco S.A. (BBD)
Banco Santander, S.A. (STD)
Bank Of Nova Scotia (BNS)
Barclays PLC (BCS)
Barrick Gold Corporation (ABX)
Berkshire Hathaway Inc. (BRK-A)
BHP Billiton Ltd. (BHP)
Bristol-Myers Squibb Company (BMY)
Canon Inc. (CAJ)
Caterpillar Inc. (CAT)
CNOOC Ltd. (CEO)
Chevron Corp. (CVX)
China Life Insurance Co. Ltd. (LFC)
China Petroleum & Chemical Corp. (SNP)
China Telecom Corp. Ltd. (CHA)
Cisco Systems Inc. (CSCO)
Comcast Corporation (CMCSA)
Coca-Cola Company (KO)
Colgate-Palmolive Co. (CL)
ConocoPhillips (COP)
Credit Suisse Group (CS)
CVS Caremark Corporation (CVS)
Deutsche Bank AG (DB)
Dell Inc. (DELL)
Diageo plc (DEO)
DIRECTV (DTV)
DuPont de Nemours & Co. (DD)
Ebay Inc. (EBAY)
Eli Lilly & Co. (LLY)
EMC Corporation (EMC)
Emerson Electric Co. (EMR)
Ford Motor Co. (F)
France Telecom (FTE)
Freeport-McMoRan Copper & Gold Inc. (FCX)
GlaxoSmithKline plc (GSK)
General Electric Company (NYSE:GE)
Goldcorp Inc. (GG)
Halliburton Company (HAL)
Home Depot, Inc. (HD)
Honda Motor Co., Ltd. (HMC)
HSBC Holdings plc (HBC)
Infosys Technologies Ltd. (INFY)
ING Groep NV (ING)
Intel Corporation (INTC)
Ita (ITUB)
iShares MSCI Emerging Markets Index (EEM)
Johnson & Johnson (JNJ)
JPMorgan Chase & Co. (JPM)
Kraft Foods Inc. (KFT)
Lloyds Banking Group plc (LYG)
LM Ericsson Telephone Co. (ERIC)
Mosaic Co. (MOS)
Motorola Inc. (MOT)
 McDonald's Corp. (MCD)
Medtronic, Inc. (MDT)
Merck & Co. Inc. (MRK)
MetLife, Inc. (MET)
Monsanto Co. (MON)
News Corp (NWSA)
Nike Inc. (NKE)
Nokia Corporation (NOK)
Novartis AG (NVS)
Novo Nordisk A/S (NVO)
News Corp. (NWSA)
Occidental Petroleum Corporation (OXY)
Pfizer Inc. (PFE)
Pepsico, Inc. (PEP)
PetroChina Co. Ltd. (PTR)
Petroleo Brasileiro (PBR)
Philip Morris International, Inc. (PM)
Potash Corp. of Saskatchewan, Inc. (POT)
Priceline.com Incorporated (PCLN)
Procter & Gamble Co. (PG)
QUALCOMM Incorporated (QCOM)
Rio Tinto Plc (RIO)
Royal Bank of Canada (RY)
Royal Bank of Scotland Group plc (RBS)
Sanofi-Aventis (SNY)
SAP AG (SAP)
Schlumberger Limited (SLB)
Siemens AG (SI)
SPDR Gold Shares (GLD)
SPDR S&P 500 (SPY)
Sprint Nextel Corp (S)
Statoil ASA (STO)
Suncor Energy Inc. (SU)
Time Warner Inc. (TWX)
Time Warner Cable Inc. (TWC)
Toronto-Dominion Bank (TD)
Total SA (TOT)
Taiwan Semiconductor Manufacturing Co. Ltd. (TSM)
Target Corp. (TGT)
Telefonica, S.A. (TEF)
Teva Pharmaceutical Industries Limited (TEVA)
Toyota Motor Corp. (TM)
Transocean Ltd. (RIG)
Unilever NV (UN)
Unitedhealth Group, Inc. (UNH)
United Parcel Service, Inc. (UPS)
United Technologies Corp. (UTX)
U.S. Bancorp (USB)
United States Steel Corp. (X)
UBS AG (UBS)
Vale S.A. (VALE)
Verizon Communications Inc. (VZ)
Visa, Inc. (V)
VMware, Inc. (VMW)
Vodafone Group plc (VOD)
Walt Disney Co. (DIS)
Wal-Mart Stores Inc. (WMT)
Wells Fargo Co. (WFC)
Westpac Banking Corporation (WBK)
Xerox Corp. (XRX)
Yandex N.V (YNDX)

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Stocks to Buy 9/10/13 September 10, 2013

Monday, during regular trading hours, there were many stocks that continued to break out to the upside. Watch Resistance & support levels. Below are a list of stocks that I am watching  for  September 10, 2013.You can also check My Daily Trading Activities & Stocks to Buy 9/10/13 September 10, 2013  - Membership Access.

FOR 9/10 SPX resistance, pivot &  support  
Paid Membership  Membership Access.

Below AH story stocks to watch for September 9, 2013

Story Stock News:  Membership Access.

Stock to Watch 9/10/13-Top Stocks Pick Trading Ideas 

Top Stocks Performance of the day:These are  stocks that continued to break up to the upside or down side. These stocks are usually going up or down with news or technical.If you are looking to day trade, you might want to check out the following stocks.Membership Access.

Story & Breakout Stocks List: 

These are  stocks that continued to break up to the upside or down side. These stocks are usually going up or down with news or technical.If you are looking to trade, my Membership people know when  buy and sell option or stock in daily basis which very good profitable trade last few weeks.

First Solar, Inc. (FSLR)- Stock is trading over $38 now where the next resistance?

Facebook, Inc. (FB) - Share of Facebook, Inc. (FB) is trading over $41  Here is live chart to look for trade. 

Cirrus Logic (CRUS)-Share of Cirrus Logic (CRUS) trading over $22 now where you want buy and sell now?

Arena Pharmaceuticals (ARNA)- Share of  Arena Pharmaceuticals (ARNA) want to trade now where is resistance now?ARNA is my 2012 Best Performing Stocks. 

Coal Stocks -I am buying  Coal stock for next 12 months. I am long all these stock from  for 52 weeks low.Keep on eye on these stocks  JRCC, ANR, WLT BTU.

Molycorp (MCP)-Molycorp (MCP) has support located at  Membership Access. This is my one of the Top Pick for 2013.

F5 Networks (FFIV)-Share of F5 Networks (FFIV)  has resistance level at Membership Access.

Dendreon Corp (DNDN)-Share of Dendreon Corp (DNDN) resistance level at $7 and support level at $5.This is my one of the my Top Stock Gainer 2012. 

Mercadolibre, Inc. (MELI)-Share of  Mercadolibre, Inc. (MELI) has resistance area is $90 and support at $77. I will keep buy any weakness.

Green Mountain Coffee Roasters Inc. (GMCR) - Green Mountain Coffee Roasters Inc. (GMCR)  is trading over $77 next resistance level is which is my paid membership know that where is buy and sell for GMCR.

Sina Corp. (SINA)-Share of Sina Corp. (SINA) will have long term support  Membership Access.

Freeport-McMoRan Copper &  Gold Inc. (FCX) - Freeport-McMoRan Copper &  Gold Inc. (FCX)  has resistance level $35 and where is the news support now?  

Netflix, Inc. (NFLX)-Netflix, Inc. (NFLX) has new resistance $300 where the next  resistance & support level?

Baidu, Inc. (BIDU)-Share of Baidu, Inc. (BIDU) Inc will have major resistance up $140 and support level is $82.

Amazon.com Inc. (AMZN)-Amazon.com Inc. (AMZN) new trading idea Membership Access.

Popular Stocks List:
Direxion Daily Financial Bear 3X Shares (FAZ)Daily Financial Bull 3X Shs(ETF)(FAS)-Daily Finan. Bull 3X Shs(ETF)(FAS) will have new support Membership Access.

Bank of America Corporation (BAC)-Bank of America Corp (BAC) is trading over $14 area and stock  Membership Access. This is my one of the Top Pick for 2013.

Goldman Sachs Group Inc. (GS)-Shares of Goldman Sachs Group (GS) has next resistance $170. Stock is now a strong buy below $130.Stock has some support area $120.

Apple Inc. (AAPL)-Share of Apple Inc. (AAPL) is trading over $500s. Membership Access. This is my one of the Top Pick for 2013.

BlackBerry (BBRY)-BlackBerry (BBRY) will have resistance  Membership Access. This stock is play for take over target stock.

Oracle Corp. (ORCL)-Share of Oracle Corp (ORCL) is continue trading over $31.Oracle stock has resistance level at $35 and support area is $30.

Cisco Systems, Inc. (CSCO)- Share of Cisco Systems, Inc. CSCO will have resistance  Membership Access.

Ford Motor Co. (F)-Share of Ford Motor will have resistance at $10 and support level is $9.60. Ford continues is a strong buy below low $10.

SIRIUS XM Radio Inc. (SIRI)-Share of Sirius XM Radio will now have support at $2.20 and resistance area is $2.65.Sirius XM Radio is a strong buy on pullbacks below $2.

Weekly Stocks Pick - Membership Access.

Advanced Micro Devices Inc. (AMD)-Share of Advanced Micro Devices Inc. is trading under $4. Advanced Micro Devices Inc. resistance level at Membership Access.

Potash Corp. of Saskatchewan, Inc. (POT) - Potash Corp. of Saskatchewan, Inc. (POT) will now have resistance level  Membership Access.

Las Vegas Sands Corp.(LVS)- Las Vegas Sands Corp. will have resistance level at $45 and follow by Membership Access.

Alcoa Inc. (AA)-Shares of Alcoa Inc. (AA) are closed over $8 resistance level at  Membership Access.

American Intl Group, Inc. (AIG)-Shares of American International Group, Inc. will have resistance level $35. AIG has support located at $32.

DryShips, Inc. (DRYS)-Dryships Inc. (DRYS) stock is trading over $2.30.The next major resistance level for Dryships is now $2.80 and support area is $2. This is my one of the  Top Pick for 2013.

Keep on eye Bear ETF to Watch- I am holding Bear ETF near 1690 few weeks back my stop will be 1475, Bear ETF which are good trading opportunity for the market as long as technical doesn't improve.Take look my market   Membership Access. I will long again Bear ETF

iPath S&P 500 VIX Short-Term Futures ETN (VXX)
VelocityShares Daily 2x VIX Sho (TVIX)
Direxion Small Cap Bear 3X Shares (ETF)(TZA)
Direxion Daily Small Cap Bull 3X Shares (TNA)
ProShares UltraShort Real Estate (ETF) (SRS)
iPath S& 500 VIX Short-Term Futures ETN (VXX)
SPDR Gold Trust (ETF) (GLD)
Daily Energy Bear 3x Shares (ERY)
ProShares UltraShort QQQ (ETF)(QID)
PowerShares QQQ Trust, Series 1 (QQQQ)
ProShares Ultra QQQ (ETF)(QLD)
SPDR S&  P MidCap 400 ETF (MDY)
SPDR S&  P 500 ETF (SPY)
ProShares Ultra S& P500 (ETF)(SSO)

Stocks to Watch for Day Trading:These following stocks are good for Day trading for next day.Some stocks broke their key support level, bounce from recent low and some of the them are overbought. Keep watching in Technical chart to day trading opportunity.I will look for hourly 50 day moving average charts for Day trade. Take a look my premium membership-Membership Access.

Technical Buy Signal - 9/10/13

Apple Inc. (AAPL)
Amazon.com Inc. (AMZN)
Advanced Micro Devices, Inc. (AMD)
Alcoa, Inc. (AA)
Baidu Inc. (BIDU)
Bed Bath & Beyond, Inc. (BBBY)
NetApp Inc. (NTAP)
Netflix, Inc. (NFLX)
Nike Inc. (NKE)
NVIDIA Corporation (NVDA)
OmniVision Technologies Inc. (OVTI)
Pandora Media, Inc. (P)
Panera Bread Co. (PNRA)
Pfizer Inc. (PFE)
Caterpillar Inc. (CAT)
Potash Corp. of Saskatchewan, Inc. (POT)
Salesforce.com (CRM)
SodaStream International Ltd. (SODA)
Sohu.com Inc. (SOHU)
Starbucks Corp. (SBUX)
TravelZoo (TZOO)
Universal Display (PANL)
Chipotle Mexican Grill, Inc. (CMG)
Ciena Corporation (CIEN)
Cirrus Logic Inc. (CRUS)
DryShips, Inc. (DRYS)
Exxon Mobil Corp. (XOM)
F5 Networks, Inc. (FFIV)
Freeport-McMoRan Copper & Gold Inc. (FCX)
Finisar Corp. (FNSR)
General Electric Company (GE)
Groupon Inc. (GRPN)
Hewlett-Packard Company (HPQ)
Hyperdynamics Corporation (HDY)
International Business Machines Corp. (IBM)
iPath S&P 500 VIX Short-Term Futures ETN (VXX)
JDS Uniphase Corporation (JDSU)
Level 3 Communications Inc. (LVLT)
MGM Resorts International (MGM)
Micron Technology, Inc. (MU)

Other Stocks to Watch - 9/10/13

Groupon Inc. (GRPN)
TravelZoo Inc. (TZOO)
Pandora Media, Inc. (P)
Rediff.com India Ltd. (REDF)
Molycorp, Inc. (MCP)
Rare Element Resources Ltd. (REE)
China Shen Zhou Mining & Resources, Inc. (SHZ)
Threshold Pharmaceuticals Inc. (THLD)
Lululemon Athletica Inc. (LULU)
MGM Resorts International (MGM)
BSD Medical Corp. (BSDM)
RF Micro Devices Inc. (RFMD)
F5 Networks, Inc. (FFIV)
Broadcom Corp. (BRCM)
Local.com Corp. (LOCM)
ZAGG Incorporated (ZAGG)
Huntington Bancshares Inc. (HBAN)
Royale Energy Inc. (ROYL)
Coach Inc. (COH)
Bank of Ireland (IRE)
MBIA Inc. (MBI)
LDK Solar Co., Ltd. (LDK)
Novavax, Inc. (NVAX)
Sohu.com Inc. (SOHU)
InterOil Corporation (IOC)
American Intl Group, Inc. (AIG)
DryShips, Inc. (DRYS)
Dendreon Corp. (DNDN)
UAL Corporation (UAUA)
Paramount Gold and Silver Corp. (PZG)
Somaxon Pharmaceuticals, Inc. (SOMX)
Salesforce.com (CRM)
Mosaic Co. (MOS)
Cliffs Natural Resources Inc. (CLF)
Baidu, Inc. (BIDU)
Keryx Biopharmaceuticals Inc. (KERX)
Hewlett-Packard Company (HPQ)
Exxon Mobil Corp. (XOM)
BSD Medical Corp. (BSDM)
Uranium Resources, Inc. (URRE)
Origin Agritech Limited (SEED)
Canadian Solar Inc. (CSIQ)
Southwest Airlines Co. (LUV)
Arena Pharmaceuticals, Inc. (ARNA)
XOMA Ltd. (XOMA)
Hewlett-Packard Company (HPQ)
Priceline.com Incorporated (PCLN)
UAL Corporation (UAUA)
GT Solar International, Inc. (SOLR)
CROCS Inc. (CROX)
Clean Energy Fuels Corp. (CLNE)
Limelight Networks, Inc. (LLNW)
Apple Inc. (AAPL)
Micron Technology, Inc. (MU)
Dot Hill Systems Corp. (HILL)
Sify Technologies Limited (SIFY)
China GengSheng Minerals, Inc (CHGS)
Crosshair Exploration & Mining Corp. (CXZ)
XOMA Ltd. (XOMA)
Uranium Resources, Inc. (URRE)
BSD Medical Corp. (BSDM)
RF Micro Devices Inc. (RFMD)
F5 Networks, Inc. (FFIV)
Broadcom Corp. (BRCM)
Local.com Corp. (LOCM)
ZAGG Incorporated (ZAGG)
Huntington Bancshares Inc. (HBAN)
Somaxon Pharmaceuticals, Inc. (SOMX)
Salesforce.com (CRM)
Mosaic Co. (MOS)
Cliffs Natural Resources Inc. (CLF)
Baidu, Inc. (BIDU)
Keryx Biopharmaceuticals Inc. (KERX)
Hewlett-Packard Company (HPQ)
Exxon Mobil Corp. (XOM)
BSD Medical Corp. (BSDM)
Uranium Resources, Inc. (URRE)
Origin Agritech Limited (SEED)
Canadian Solar Inc. (CSIQ)
Sify Technologies Limited (SIFY)
Southwest Airlines Co. (LUV)
Bank of America Corp. (BAC)
Arena Pharmaceuticals, Inc. (ARNA)
XOMA Ltd. (XOMA)
Hewlett-Packard Company (HPQ)
UAL Corporation (UAUA)
Clean Energy Fuels Corp. (CLNE)
Tenet Healthcare Corp. (THC)
Sunrise Senior Living Inc. (SRZ)
OpenTable, Inc. (OPEN)
Avanir Pharmaceuticals (AVNR)
YRC Worldwide Inc. (YRCW)
IMAX Corporation (IMAX)
Akamai Technologies Inc. (AKAM)
VIVUS Inc. (VVUS)
Pharmaceutical Product Development Inc. (PPDI)
STEC, Inc. (STEC)

Penny Stocks to Watch - 9/10/13

GenVec, Inc. (GNVC)
Inovio Pharmaceuticals, Inc. (INO)
Conolog Corp. (CNLG)
Cano Petroleum, Inc. (CFW)
Rexahn Pharmaceuticals, Inc. (RNN)
Angiotech Pharmaceuticals Inc. (ANPI)
Pacific Ethanol, Inc. (PEIX)
Cyclacel Pharmaceuticals, Inc. (CYCC)
Rentech, Inc. (RTK)
Hemispherx Biopharma, Inc. (HEB)
India Globalization Capital, Inc. (IGC)
ACADIA Pharmaceuticals, Inc. (ACAD)
Radient Pharmaceuticals Corporation (RPC)
China Direct Industries, Inc. (CDII)
GenVec Inc. (GNVC)
Poniard Pharmaceuticals, Inc. (PARD)
Pacific Ethanol, Inc. (PEIX)
Adeona Pharmaceuticals, Inc. (AEN)
Jones Soda Co. (JSDA)
Sunesis Pharmaceuticals Inc. (SNSS)
Sirius XM Radio Inc. (SIRI)
Rite Aid Corp. (RAD)
Plug Power Inc. (PLUG)
Generex Biotechnology Corp. (GNBT)
Cell Therapeutics, Inc. (CTIC)
Antigenics Inc. (AGEN)
Altair Nanotechnologies, Inc. (ALTI)
China BAK Battery, Inc. (CBAK
Cardium Therapeutics Inc. (CXM)
Eastman Kodak Co. (EK)
Coldwater Creek Inc. (CWTR)
China Infrastructure Investment Corp. (CIIC)
Horizon Lines, Inc. (HRZ)
Agria Corporation (GRO)
Quantum Corporation (QTM)
Openwave Systems Inc. (OPWV)
Microvision Inc. (MVIS)
Hovnanian Enterprises Inc. (HOV)
Ascent Solar Technologies, Inc. (ASTI)
China Sunergy Co. Ltd. (CSUN)
Columbia Laboratories Inc. (CBRX)
Repros Therapeutics Inc. (RPRX)
RAIT Financial Trust (RAS)
Beacon Power Corporation (BCON)
Bank of Ireland (IRE)
Allied Irish Banks plc (AIB)
Powerwave Technologies Inc. (PWAV)
RAM Energy Resources, Inc. (RAME)
Marina Biotech, Inc. (MRNA)
Tri-Valley Corporation (TIV)
OceanFreight, Inc. (OCNF)
Capstone Turbine Corp. (CPST)
Oilsands Quest, Inc. (BQI)
Globalstar Inc. (GSAT)
Aastrom Biosciences, Inc. (ASTM)
Crosshair Exploration & Mining Corp. (CXZ)
Hemispherx Biopharma, Inc. (HEB)
OceanFreight, Inc. (OCNF)
Delta Petroleum Corp. (DPTR)
Mad Catz Interactive Inc. (MCZ)
Rite Aid Corp. (RAD)

For the latest updates on the stock market, visit, 
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Citigroup initiates coverage on Lululemon (LULU) with a Buy rating -9/9/13

Citigroup takes a shine to Lululemon

• Citigroup initiates coverage on Lululemon (LULU) with a Buy rating.
• Analysts with the firm set a $90 price target on shares as they gush about the power of the Lululemon brand.
• The company releases Q2 financial results on Thursday and an announcement on a new CEO is expected within weeks.

More Stocks News

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Monday Watch -9/9/13

Weekend Headlines 
Bloomberg:

• Syria Vote in Skeptical Congress Puts Obama’s Agenda at Risk. President Barack Obama enters one of the most pivotal weeks of his presidency, as he makes a final push to persuade a skeptical Congress and a reluctant American public to support air strikes against Syria. With U.S. lawmakers increasingly lining up against the president, the looming congressional vote threatens to undermine Obama’s domestic agenda and weaken his clout internationally. Bashar al-Assad disputed U.S. allegations he used chemical weapons against civilians, according to CBS News correspondent Charlie Rose who interviewed the Syrian president in Damascus. A failure in Congress could reverberate through Obama’s second-term agenda, heightening the difficulty he’ll face in winning congressional support for domestic initiatives and hampering his foreign policy agenda during his final three years in office. “The president’s asking a lot for Republicans to support him on Syria,” Tom Davis, a former Republican representative from Virginia who was head of his party’s campaign operation, said in an interview on Bloomberg Television. “To go back again on immigration or on the budget is going to be very tough.”  

• Japan Boosts GDP Estimate as Abe Weighs Sales-Tax Increase. Japan’s economy grew faster than previously estimated in the second quarter, aiding Prime Minister Shinzo Abe’s reflation campaign as he considers whether the nation can withstand a sales-tax increase. Gross domestic product expanded an annualized 3.8 percent from the first quarter, higher than an initial estimate of 2.6 percent, reflecting stronger private capital investment, the Cabinet Office said in Tokyo today. The median forecast of 23 economists surveyed by Bloomberg News was for a 3.9 percent increase. The economy grew 4.1 percent in the first quarter.

• BlackRock(BLK) Predicts Deeper Emerging-Markets Rout: Credit Markets. Wall Street's biggest firms are predicting intensifying bond losses in emerging markets, where borrowing costs have already soared to the highest in more than four years versus U.S. corporate debt, as the Federal Reserve considers curtailing record stimulus. "We're not yet convinced that we've seen the worst in terms of flows out of emerging markets," Jeffrey Rosenberg, the chief investment strategist in fixed-income at NY-based BlackRock Inc., the world's largest asset manager, said in a telephone interview. "We see a lot of valuation change but we see the potential for even more valuation change." Investors have yanked $22.1 billion from emerging-market bond funds since the end of April, almost five times the amount pulled from U.S. corporate credit, according to EPFR Global.

• China May Cut 2014 Growth Target to 7%, State Economist Fan Says. The drop would be in line with the goal set in the country’s 2011-2015 five-year plan for annual average expansion of 7 percent, Fan, who works at the State Information Center under the National Development and Reform Commission, said in an interview in Shanghai on Sept. 7. “It’s hard to find good reasons to be optimistic” about a recovery in China’s growth, Zhang Zhiwei, chief China economist at Nomura Holdings Inc. in Hong Kong, said in a Sept. 6 interview. “The economy has been pretty much supported by investment, especially property and infrastructure, but it’s hard to see how the momentum can continue.” Zhang, who sees “moderate upside risks” to his third-quarter growth estimate of 7.4 percent after better-than-expected economic data, said he’s maintaining his 2014 forecast of 6.9 percent as the current recovery is unsustainable. 

• Chinese Zombies Emerging After Years of Solar Subsidies. Only five solar-power vendors remain in a space built for 170 at a sprawling complex of offices stacked three stories high outside Xinyu city in China’s southeast. Locked doors and empty offices are what’s left of the government’s audacious plan to dominate the global solar industry. What happened in Xinyu is being replicated across China, which used subsidies and $47.5 billion of credit to wrest supremacy from Germany, Japan and the U.S., saddling an industry with losses for at least two years. “There is definitely a slew of smaller zombie companies out there that are going to continue to fall one by one,” said Angelo Zino, an analyst at S&P Capital IQ in New York. “You’ll see 10 to 12 names here when it all shakes out. The remaining names will either go bankrupt or be consolidated.”

• Asian Stocks Gain as Yen Drops on Olympics; Metals Rise. Asian stocks rose, with Japan’s benchmark index reaching a one-month high, and the yen weakened after Tokyo was selected to host the 2020 Olympics. Metals rallied and the won gained on improving Chinese exports and easing concerns over a reduction in U.S. stimulus. The MSCI Asia Pacific Index climbed 0.8 percent by 11:06 a.m. in Hong Kong, rising for an eighth day.

• WTI Crude Drops From Two-Year High as China’s Crude Imports Slip. West Texas Intermediate fell from the highest price in more than two years. Hedge funds reduced their bullish bets last week and China’s net crude imports shrank in August from a record high. Futures slid as much as 0.7 percent in New York after two days of gains. 

• Gold Declines as Investors Expect Fed to Press On With Tapering. Gold fell, extending two weeks of losses, as investors weighed the prospects of reduced stimulus in the U.S. against signs of increased demand. Gold for immediate delivery dropped as much as 0.5 percent to $1,385.50 an ounce, and traded at $1,389.71 at 9:11 a.m. in Singapore.

• Rebar Rises First Time in Five Days as Traders’ Inventory Falls. Steel reinforcement-bar futures in Shanghai rose for the first time in five days as traders’ inventory fell to the lowest in more than seven months. Rebar for January delivery on the Shanghai Futures Exchange gained as much as 1.1 percent to 3,762 yuan ($615) a metric ton, before trading at 3,758 yuan at 10:45 a.m. local time. The contract fell to the lowest close in almost a month on Sept. 6.

• Merkel Says Danger SPD May Break Vow and Ally With Left Party. German Chancellor Angela Merkel said there’s a danger that the opposition Social Democrats and the Greens may break an election pledge not to ally with the anti-capitalist Left Party in a bid to take power. Merkel said the vote “will be very close” in a speech at a rally in Dusseldorf yesterday, marking the start of the final two weeks of campaigning before Sept. 22 elections.

• Treasuries Drop as Weak Jobs Growth Can’t Derail Fed Taper View. Treasuries fell for the first time in three weeks, pushing 10-year note yields to a two-year high, on speculation economic growth has improved enough to make the Federal Reserve comfortable slowing bond purchases this month. Benchmark yields breached 3 percent yesterday for the first time since July 2011 before a lower-than-forecast jobs report sent them plunging the most on an intraday basis since November. Fed policy makers are debating whether the pace of economic growth merits reducing the asset purchases they have made to support the economy and keep borrowing costs low. The Treasury Department sale of $63 billion in notes and bonds next week includes the smallest auction of three-year debt in four years. 

• Russia to Brazil Intervention Adds to U.S. Debt Woes Amid Losses. Investors suffering the worst losses in Treasuries since at least 1978 can add dollar sales by emerging-market central banks to their list of challenges. Speculation that the Federal Reserve, the biggest buyer of Treasuries, will reduce its purchases sent U.S. debt down 4.1 percent this year and boosted the dollar against developing-nation currencies for four straight months, matching the longest streak since 2001, according to Bloomberg data. India, Brazil, Russia and Indonesia have intervened in foreign-exchange markets, and dollar sales mean liquidating Treasuries, according to bond traders at Scotiabank and Bank of America Corp.

Wall Street Journal:

• Obama Hones Pitch on Syria As Opposition Rises at Home. In a week poised to define his second term, President Barack Obama will mount an intensive campaign to promote a U.S. military strike on Syria as opposition rises in both Congress and across the country. Mr. Obama will make his case repeatedly in coming days to Americans wary of opening a new military front in the Middle East, including in a battery of interviews set for Monday and a nationally televised address Tuesday evening. He also is sending aides to hold closed-door intelligence briefings for members of Congress about the alleged gassing deaths of more than 1,400 Syrian civilians by the forces of President Bashar al-Assad.

• Hedge Funds Cut Back on Fees. Pressure From Disappointed Investors Changes '2 and 20' Model. Pressure from disappointed investors is forcing hedge funds to roll back their fees, putting the standard charge of 2% of assets under management and 20% of investment profits on the endangered list. Until a few years ago, most funds were like upscale New York restaurants: Some succeeded, others failed, but almost none cut prices. This pricing power was a product of the tens of billions of dollars that flowed into the industry after the tech meltdown of 2000, when savvy investments by some hedge funds shielded their investors from the drubbing suffered by holders of broad stock funds.

• Obama's Successful Foreign Failure. The president may look incompetent on Syria. But his behavior fits his strategy to weaken America abroad.

Fox News:

• Benghazi anniversary hurts White House push to win Syria support. The Obama administration’s effort Sunday to win support for a punitive military strike on Syria is facing opposition and criticism in part because of its handling of the fatal Benghazi terror attacks, which occurred one year ago Wednesday. Federal prosecutors last month filed the first criminal charges related to the Sept. 11, 2012, attacks on the U.S. outpost in Benghazi, Libya, in which four Americans were killed.

Zero Hedge:

• Goldman's(GS) Quick Answers To Tough EM Questions. 

• The Fed's Birthday Party Trick: A Market Of Monetary-Punch-Drunk Liquidityholics.

• Is Forward Guidance Already Dead?

• Tokyo To Host 2020 Summer Olympics.

• Labor Force Participation Crisis? Don't Blame Demographics! (graphs)

• IBM(IBM) Terminates Company-Sponsored Retiree Health Plan Due To Soaring Costs.

• The Market Implications Of Middle East Turmoil.

• UK Government Admits It Allowed 2 Firms To Sell 'Poison Gas'-Making Chemicals To Syria.

• NSA Has Full "Back Door" Access To iPhone, BlackBerry And Android Smartphones, Documents Reveal.

• Households On Foodstamps Rise To New Record High: More Americans Live In Poverty Than The Population Of Spain. (graphs)

• Will Berlusconi Be Responsible For Another European Crisis?

• Why Europe (Not The Fed) Is Crushing Emerging Market Economies.

Business Insider:

• Obama Is Going On A Furious Media Push To Sell A Syria Strike.

• It's Sad How Bearish Economists Are Getting On Latin America. (graph)

• Australia's New Prime Minister Wants To Immediately Dismantle His Country's Fight Against Climate Change.

• Here's The Best Explanation We've Seen Of Why The Fed Will Reduce QE Even Though The Job Market Is Crap.

• Sorry, But It's Clear That The US Job Market Is Dead In The Water.

• Obama's Stance On Syria Is One Contradiction Too Many. First, the Middle East. For the last six years, Obama has told Americans that the United States needs to extricate itself from the region. He proclaimed a "pivot to Asia" — the region, he said, that was far more important to America's economic future than the Middle East. Iraq and then Afghanistan were countries that the United States should get out of,Obama declared. And never look back. For two years, this same message was conveyed about Syria. Now, Obama is telling Americans that acting in Syria is vital. Voters respond with a simple question: Why now?

• MORGAN STANLEY(MS): Many Of Our Clients Are Preparing For An Imminent Loss Of Central Bank Control.

• Pensions Are Still Making Ludicrous Assumptions About Future Returns.

Wall Street All-Stars:

• Indicator Update: What does the Syrian Crisis Mean for Stocks?

Telegraph:

• Brussels fears European 'industrial massacre' sparked by energy costs. Europe's industry is being ravaged by exorbitant energy costs and an over-valued euro, blighting efforts to reverse years of global manufacturing decline. 

• China to dictate tough terms on BRICS rescue fund. A top Chinese official has dashed hopes for imminent use of a new $100bn BRICS fund to rescue emerging market currencies in crisis, warning that China will not deploy its reserves unless tough terms are imposed. 

dna:

• India is reeling under crisis of confidence: Yashwant Sinha. India's top economic minds like Yashwant Sinha, Pratip Chaudhary, Meera Sanyal, and Brinda Jagirdar lament the fact that the fundamental structure of the economy has become weak during the UPA-II regime. Speaking at Bharat Bhagya Vidhata 'India Ka Agenda' show to be aired tonight @ Zee News at 10 pm, they identified elevated twin deficits, low growth rate, and high inflation as three key factors that had weakened the pillars of the economy.

Weekend Recommendations

Barron's:

• Bullish commentary on (MSFT), (AET), (CAT), (GE), (JOY), (BOBE) and (TXT).

• Bearish commentary on (MCD). 

Night Trading

• Asian indices are +.50% to +1.75% on average.

• Asia Ex-Japan Investment Grade CDS Index 143.0 -12.0 basis points.

• Asia Pacific Sovereign CDS Index 122.50 -3.25 basis points.

• FTSE-100 futures +.11%.

• S&P 500 futures +.29%.

• NASDAQ 100 futures +.38%.

Morning Preview Links

Earnings of Note
Company/Estimate

• (HOV)/.06

• (JW/A)/.42

• (CASY)/1.26

• (HDS)/.18

• (PANW)/.06

• (FIVE)/.09

• (PVH)/1.37

Economic Releases
3:00 pm EST

• Consumer Credit for July is estimated to fall to $12.3B versus $13.81B in June.
  

Upcoming Splits

• (DVA) 2-for-1

Other Potential Market Movers

• The Fed's Williams speaking, BoJ minutes, Barclays Financial Services Conference, KeyBanc Basic Materials/Packaging Conference and the (NS) analyst meeting could also impact trading today.

BOTTOM LINE: Asian indices are higher, boosted by automaker and real estate shares in the region. I expect US stocks to open modestly higher and to maintain gains into the afternoon. The Portfolio is 50% net long heading into the week.


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