Up Trend

DELPHI ENERGY CORP (TSE:DEE)	Strong Uptrend
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Based on a pre-defined weighted trend formula for chart analysis, DEE scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend): -10 Last Hour Close Below 5 hour Moving Average +15 New 3 Day High on Thursday +20 Last Price Above 20 Day Moving Average +25 New 3 Week High, Week Ending September 19th +30 New 3 Month High in September +90 Total Score	Open High Low DEE Price Change 1.55 1.56 1.49 1.51 -0.02 Streaming Chart
NEW GOLD INC (TSE:NGD)	Strong Uptrend
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Based on a pre-defined weighted trend formula for chart analysis, NGD scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend): -10 Last Hour Close Below 5 hour Moving Average +15 New 3 Day High on Thursday +20 Last Price Above 20 Day Moving Average +25 New 3 Week High, Week Ending October 10th +30 New 3 Month High in October +90 Total Score	Open High Low NGD Price Change 4.62 4.71 4.38 4.63 +0.19 Streaming Chart
YAMANA RES INC (TSE:YRI)	Strong Uptrend
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Based on a pre-defined weighted trend formula for chart analysis, YRI scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend): +10 Last Hour Close Above 5 Hour Moving Average +15 New 3 Day High on Tuesday +20 Last Price Above 20 Day Moving Average +25 New 3 Week High, Week Ending October 10th +30 New 3 Month High in October +100 Total Score	Open High Low YRI Price Change 12.75 13.11 12.62 13.09 +0.47 Streaming Chart
QUESTERRE ENERGY CORP (TSE:QEC)	Strong Uptrend
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Based on a pre-defined weighted trend formula for chart analysis, QEC scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend): -10 Last Hour Close Below 5 hour Moving Average +15 New 3 Day High on Thursday +20 Last Price Above 20 Day Moving Average +25 New 3 Week High, Week Ending September 26th +30 New 3 Month High in September +90 Total Score	Open High Low QEC Price Change 2.53 2.53 2.45 2.48 -0.01 Streaming Chart
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TALISMAN ENERGY INC (TSE:TLM)	Strong Uptrend
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Based on a pre-defined weighted trend formula for chart analysis, TLM scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend): +10 Last Hour Close Above 5 Hour Moving Average +15 New 3 Day High on Tuesday +20 Last Price Above 20 Day Moving Average +25 New 3 Week High, Week Ending October 10th +30 New 3 Month High in October +100 Total Score	Open High Low TLM Price Change 19.73 19.88 19.45 19.65 +0.02 Streaming Chart
ENERGY FUELS INC (TSE:EFR)	Downtrend
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term downtrend Downtrend with tight money management stops. Based on a pre-defined weighted trend formula for chart analysis, EFR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend): -10 Last Hour Close Below 5 hour Moving Average -15 New 3 Day Low on Tuesday -20 Last Price Below 20 Day Moving Average +25 New 3 Week High, Week Ending October 3rd -30 New 3 Month Low in August -75 Total Score	Open High Low EFR Price Change 0.315 0.320 0.295 0.305 -0.005 Streaming Chart
URANIUM ONE INC (TSE:UUU)	Strong Uptrend
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders. Based on a pre-defined weighted trend formula for chart analysis, UUU scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend): -10 Last Hour Close Below 5 hour Moving Average +15 New 3 Day High on Thursday +20 Last Price Above 20 Day Moving Average +25 New 3 Week High, Week Ending October 10th +30 New 3 Month High in October +90 Total Score	Open High Low UUU Price Change 3.18 3.25 3.07 3.07 -0.08 Streaming Chart

U.S. Government Required- Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk

GENERAL STOCK MARKET COMMENTS

GENERAL STOCK MARKET COMMENTS

The U.S. stock indexes closed mixed to slightly lower today on profit-taking pressure from recent gains. Recent price action had seen a solid rebound from the October lows. The stock index bulls still have the overall near-term technical advantage.

The December Nasdaq futures index closed down 1.25 at 1,726.50 today. Prices closed near mid-range today. Bulls' next upside price objective is closing prices above solid resistance at the September high of 1,754.00. The bears' next downside price objective is closing prices below solid technical support at the September low of 1,590.50.

First resistance is seen at today's high of 1,736.00 and then at this week's of 1,741.00. First support is seen at today's low of 1,720.00 and then at 1,700.00. Wyckoff's Market Rating: 7.0.

The December S&P 500 futures index closed up 0.90 at 1,072.40. Prices closed near the session high today. Bulls' next upside price objective is closing prices above solid resistance at 1,100.00. The next downside price objective for the bears is closing prices below solid support at the October low of 1,015.00.

First support is seen at today's low of 1,063.10 and then at 1,050.00. First resistance is seen at the September high of 1,075.50 and then at 1,085.00. Wyckoff's Market Rating: 7.0.

The December Dow futures closed down 4 points at 9,815 today. Prices closed nearer the session high today. The next upside price objective for the bulls is closing prices above major psychological resistance at 10,000.

The next downside price objective for the bears is closing prices below solid technical support at the October low of 9,360. First resistance in the Dow lies at today's high of 9,846 and then at Monday's contract high of 9,875. First support is seen at today's low of 9,755 and then at 9,700. Wyckoff's Market Rating: 7.5.

November crude oil closed higher on Tuesday as it extends this month's rally. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. The mid-range close sets the stage for a steady opening on Wednesday. If November extends this month's rally, August's high crossing at 75.89 is the next upside target. Closes below the 20-day moving average crossing at 70.35 would confirm that a short-term top has been posted. First resistance is today's high crossing at 74.47. Second resistance is August's high crossing at 75.89. First support is the 10-day moving average crossing at 71.28. Second support is the 20-day moving average crossing at 70.36.
November heating oil closed higher on Tuesday as it extended the rally off September's low. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off September's low, the reaction high crossing at 198.13 is the next upside target. Closes below the 20-day moving average crossing at 181.14 would confirm that a short-term top has been posted. First resistance is today's high crossing at 192.96. Second resistance is the reaction high crossing at 198.13. First support is the 10-day moving average crossing at 183.57. Second support is the 20-day moving average crossing at 181.14.
November unleaded gas closed higher on Tuesday as it extends the rally off September's low. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If November extends the current rally, September's high crossing at 187.36 is the next upside target. Closes below last Monday's low crossing at 168.85 would temper the near-term friendly outlook. First resistance is today's high crossing at 183.10. Second resistance is September's high crossing at 187.36. First support is the 10-day moving average crossing at 176.73. Second support is last Monday's low crossing at 168.85.
November Henry natural gas closed sharply lower on Tuesday and below the 20-day moving average crossing at 4.751. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI have turned bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 4.351 are needed to confirm that a short-term top has been posted. If November renews the rally off September's low, August's high crossing at 5.133 is the next upside target. First resistance is last Tuesday's high crossing at 5.120. Second resistance the August's high crossing at 5.133. First support is today's low crossing at 4.513. Second support is the reaction low crossing at 4.351. CURRENCIES

The December Dollar closed lower on Tuesday and the mid-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this year's decline, monthly support crossing at 73.39 is the next downside target. Closes above the reaction high crossing at 77.73 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 76.73. Second resistance is the reaction high crossing at 77.73. First support is last Thursday's low crossing at 75.68. Second resistance is monthly support crossing at 73.39.
The December Euro closed higher on Tuesday as it extends last week's rally. Profit taking tempered early session gains and the mid-range close sets the stage for a steady opening on Wednesday.

Stochastics and the RSI are diverging but remain bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, the 87% retracement level of he 2008-2009-decline crossing at 151.492 is the next upside target. Closes below the reaction low crossing at 144.790 are needed to confirm that a top has been posted.

First resistance is today's high crossing at 148.740. Second resistance is the 87% retracement level of he 2008-2009-decline crossing at 151.492. First support is the 20-day moving average crossing at 146.906. Second support is the reaction low crossing at 144.790.

The December British Pound close higher due to short covering on Tuesday as it consolidated some of Monday's decline. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off August's high, the 50% retracement level of this year's rally crossing at 1.5394 is the next downside target. Closes above the 20-day moving average crossing at 1.6059 would temper the near-term bearish outlook in the market. First resistance is the 20-day moving average crossing at 1.6059. Second resistance is last Thursday's high crossing at 1.6117.

First support is today's low crossing at 1.5702. Second support is the 50% retracement level crossing at 1.5394.
The December Swiss Franc closed higher on Tuesday as it consolidates above the 20-day moving average crossing at .9708.

The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off last month's low, September's high crossing at .9920 is the next upside target. Closes below the reaction low crossing at .9522 would confirm that a short-term top has been posted.

First resistance is today's high crossing at .9814. Second resistance is September's high crossing at .9920. First support is the reaction low crossing at .9522. Second support is September's low crossing at .9348.

The December Canadian Dollar closed slightly higher on Tuesday as it consolidates below the 87% retracement level of the 2008-decline crossing at 96.84.

The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are overbought but remain neutral bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, the 2008 rally crossing at 99.65 is the next upside target.

Closes below the 20-day moving average crossing at 93.65 would confirm that a short-term top has been posted. First resistance is today's high crossing at 97.41. Second resistance is the 2008 high crossing at 99.65. First support is the 10-day moving average crossing at 94.43. Second support is the 20-day crossing at 93.65.

UPDATE 1-Pacific Rubiales says discovers more oil on Quifa Block

UPDATE 1-Pacific Rubiales says discovers more oil on Quifa Block 10:23 EDT Tuesday, October 13, 2009

* Finds more oil on Quifa Block in Colombia * Plans additional drilling campaign in 2009

Oct 13 (Reuters) - Canadian oil and natural gas producer Pacific Rubiales Energy Corp said it discovered more oil on the Quifa Block, located in the Llanos Basin of Colombia.

As a result, an additional drilling campaign, including three exploratory wells, will be executed during 2009 in the Quifa Block, the company said.

The Quifa Block is an exploratory block in which Meta Petroleum, a unit of Pacific Rubiales, holds a 60 percent working interest and Colombia's state-owned oil company Ecopetrol SA holds the remaining 40 percent.

Shares of Pacific Rubiales were up 19 Canadian cents at C$13.28 Tuesday morning on the Toronto Stock Exchange. (Reporting by R. Manikandan in Bangalore; Editing by Deepak Kannan)

KEY EVENTS TO WATCH

KEY EVENTS TO WATCH
Monday, October 12, 2009
N/A Columbus Day; government offices closed.


The STOCK INDEXES

The December NASDAQ 100 was higher overnight as it extends this month's rally. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends last week's rally, September's high crossing at 1753.25 is the next upside target. Closes below the 10-day moving average crossing at 1702.47 would signal that a short-term top has likely been posted. First resistance is the overnight high crossing at 1735.75. Second resistance is September's high crossing at 1753.25. First support is the 20-day moving average crossing at 1709.31. Second support is the 10-day moving average crossing at 1702.52. The December NASDAQ 100 was up 10.00 pts. at 1735.50 as of 6:00 AM CST. Overnight action sets the stage for a higher opening by December NASDAQ 100 when the day session begins later this morning.

The December S&P 500 index was higher overnight as it extends the rally off this month's low. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-
term. If December extends last week's rally, September's high crossing at 1075.50 is the next upside target. Closes below the 10-day moving average crossing at 1050.15 would signal that a short-term top has been posted. First resistance is the overnight high crossing at 1075.30. Second resistance is September's high crossing at 1075.50. First support is the 20-day moving average crossing at 1053.30. Second support is the 10-day moving average crossing at 1050.15. The December S&P 500 Index was up 6.40 pts. at 1074.50 as of 6:02 AM CST. Overnight action sets the stage for a higher opening by the December S&P 500 index when the day session begins later this morning.


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December T-bonds were slightly higher overnight due to short covering overnight as it consolidates some of last Friday's decline. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If December extends last week's decline, the reaction low crossing at 118-07 is the next downside target. Closes above the 10-day moving average crossing at 121-22 are needed to confirm that a short-term low has been posted. First resistance is the 20-
day moving average crossing at 120-23. Second resistance is the 10-day moving average crossing at 121-22. First support is last Friday's low crossing at 119-20. Second support is the reaction low crossing at 118-07. ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy
November crude oil was higher overnight as it extends the rally off September's low. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If November extends the rally, September's high crossing at 73.58 is the next upside target. Closes below the 20-day moving average crossing at 70.22 would temper the near-term friendly outlook in the market. First resistance is the overnight high crossing at 73.13. Second resistance is September's high crossing at 73.58. First support is the 10-day moving average crossing at 70.54. Second support is the 20-day moving average crossing at 70.22.
November heating oil was higher overnight as it extends the rally off September's low. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off September's low, September's high crossing at 188.78 is the next upside target. Closes below the 20-day moving average crossing at 180.54 would temper the near-
term friendly outlook. First resistance is the overnight high crossing at 188.20. Second resistance is September's high crossing at 188.78. First support is the 10-day moving average crossing at 181.49. Second support is the 20-day moving average crossing at 180.54.
November unleaded gas was higher overnight as it extends the rally off September's low. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-
term. If November extends the rally off September's low, September's high crossing at 187.36 is the next upside target. Closes below last Monday's low crossing at 168.85 would temper the near-

term friendly outlook in the market. First resistance is last Thursday's high crossing at 180.86. Second resistance is September's high crossing at 187.36. First support is the 20-day moving average crossing at 175.10. Second support is the 10-day moving average crossing at 174.77.
November Henry natural gas was higher due to short covering overnight as it consolidates some of last Friday's decline. Stochastics and the RSI are diverging and are neutral to bearish signaling that a short-term top might be in or is near. Closes below the reaction low crossing at 4.351 would confirm that a short-term top has been posted. If November extends the rally off September's low, August's high crossing at 5.133 then the 50% retracement level of this year's decline crossing at 5.320 are the next upside targets. First resistance is last Tuesday's high crossing at 5.120. Second resistance is August's high crossing at 5.133. First support is last Friday's low crossing at 4.754. Second support is the 20-day moving average crossing at 4.739. CURRENCIES

The December Dollar was lower overnight as it consolidates some of last Friday's rally but remains above monthly support crossing at 75.73. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this month's decline, monthly support crossing at 73.39 is the next downside target. Closes above the reaction high crossing at 77.74 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 76.80. Second resistance is the reaction high crossing at 77.74. First support is last Thursday's low crossing at 75.68. Second support is monthly support crossing at 73.39.
The December Euro was higher due to short covering overnight as it consolidates some of last Friday's decline. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends this month's rally, September's high crossing at 148.440 is the next upside target. Closes below the reaction low crossing at 144.790 are needed to confirm that a short-term top has been posted. First resistance is last Thursday's high crossing at 148.160. Second resistance is September's high crossing at 148.440. First support is the 20-day moving average crossing at 146.816. Second support is the reaction low crossing at 144.790.

The December British Pound was lower overnight as it extends the trading range of the past three weeks. Stochastics and the RSI are oversold, diverging but are neutral signaling that sideways to lower prices are possible near-term. If December extends the decline off September's high, the 50% retracement level of this year's rally crossing at 1.5394 is the next downside target. Closes above the 20-day moving average crossing at 1.6089 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.6089. Second resistance is the reaction high crossing at 1.6124. First support is the overnight low crossing at 1.5724. Second support is the 50% retracement level of this year's rally crossing at 1.5394.

The December Swiss Franc was higher overnight and remains poised to extend the rally off the late-September low. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this rally, September's high crossing at .9920 is the next upside target. Closes below the reaction low crossing at .9522 would confirm that a short-

term top has been posted. First resistance is last Thursday's high crossing at .9785. Second resistance is September's high crossing at .9920. First support is the reaction low crossing at .9522. Second support is the 38% retracement level of this year's rally crossing at .9376.
The December Canadian Dollar was higher overnight as it extends this month's rally and tested the 87% retracement level of the 2008-2009-decline crossing at 96.84. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near-term. If December extends this month's rally, the 2008 high crossing at 99.65 is the next upside target. Closes below the 20-day moving average crossing at 93.48 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 96.86. Second resistance is the 2008 high crossing at 99.65. First support is the 10-day moving average crossing at 94.01. Second support is the 20-day moving average crossing at 93.48.
The December Japanese Yen was lower due to profit taking overnight as it extends last Friday's decline. Stochastics and the RSI are overbought and are turning bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at .11089 are needed to confirm that a short-term top has been posted. If December renews the rally off August's low, the 2008 high crossing at .11472 is the next upside target. First resistance is the 10-day moving average crossing at .11183. Second resistance is last Wednesday's high crossing at .11368. First support is the 20-day moving average crossing at .11089. Second support is the reaction low crossing at .10812.

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December gold was higher due to short covering overnight as it consolidates some of last Friday's decline. Overnight weakness in the U.S. Dollar overnight helped to support the gold market. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. As December extends this month's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 1016.90 would confirm that a short-term top has been posted. First resistance is last Thursday's high crossing at 1062.70. First support is the 10-day moving average crossing at 1026.90. Second support is the 20-day moving average crossing at 1016.90.
December silver was higher overnight as it extends this month's rally. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends this rally, the 75% retracement level of 2008's decline crossing at 18.180 on the weekly continuation chart is the next upside target. Closes below the 20-day moving average crossing at 16.921 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 17.990. Second resistance is the 75% retracement level of 2008's decline crossing at 18.180. First support is the 10-day moving average crossing at 17.021. Second support is the 20- day moving average crossing at 16.921.

December copper was higher due to short covering overnight as it consolidates above the 20-day moving average. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends last week's rally, the reaction high crossing at 295.50 is the next upside target. Closes below the 10-day moving average crossing at 278.54 would temper the near-term friendly outlook. Closes above the reaction high crossing at 298.95 or below 266.00 are needed to confirm a breakout of the current trading range and point the direction of the next trending move. First resistance is last Thursday's high crossing at 290.10. Second resistance is the reaction high crossing at 295.50. First support is the 20-day moving average crossing at 279.86. Second support is the 10-day moving average crossing at 278.55. FOOD & FIBER http://quotes.ino.com/exchanges/?c=food

Barrick buys Xstrata assets in Chile for $465M

Barrick buys Xstrata assets in Chile for $465M

(AP) – 18 minutes ago

NEW YORK — Barrick Gold is snapping up mining assets with its excess cash, inking a $465 million cash deal to buy a gold and copper project from a unit of Xstrata.

The Toronto-based company will acquire a 70 percent interest in a Xstrata Plc's El Morrow project, an advanced gold-copper project located in the Atacama Region in Chile.

According to Xstrata reports, the properties hold about 8.3 ounces of gold resources and about 6.3 billion pounds of copper resources.

Shares of Barrick Gold Corp. rose 27 cents to $39.75 in premarket trading.

Know thy enemy and stop getting duped

Money 911: Know thy enemy and stop getting duped

October 11, 2009

Ellen Roseman

Last December, Bernard Madoff confessed to his sons about running a fake wealth management operation: "One big lie."

This year, several Canadians – Earl Jones in Montreal and Milo Brost and Gary Sorenson in Calgary – were alleged to have cheated investors out of millions of dollars.

Financial fraud is the business story of 2009.

The stock market collapse last fall helped bring down some Ponzi schemes, which rely on cash from new investors to pay off existing investors. However, economic desperation may lead more people to say yes to marketing pitches that seem too good to be true.

Pat, for example, who's a senior on a fixed income, ordered a "free sample" of vitamins from Vital RezV, a company based in Ottawa. This led to charges on her credit card, not once, but many times.

"So far, I've been charged an amount of $79.95 three times and $85.26 two times. I did not sign on for monthly deliveries, as they claim I did," she said.

Her credit card issuer, TD Visa, refused to block the charges. It wanted the company to confirm the account was cancelled, which it never did.

I helped Pat with TD Visa, which reimbursed her for all charges and took measures to prevent any future charges. The Better Business Bureau in Ottawa has 26 complaints filed against Vital RezV, also known as Viv3lab Ltd., and gives the company an F rating (on a scale of A+ to F).

The BBB warns that an offer of free product trials can lead to buyers being enrolled in a program with automatic shipments and credit card charges every month, despite their repeated requests to cancel orders and refund amounts charged.

Do you remember learning to drive and being taught to practise defensive driving? This means anticipating that everyone else on the road is out to get you and taking steps to protect yourself.

Defensive consumerism is the attitude to take when looking at anything that involves your hard-earned money. Never let down your defences. Don't look at the bright side; look at the dark side. If you assume that salespeople or companies are trying to rip you off, you'll take measures to shore up your security – just in case your assumption is correct.

Warding off deceptive schemes pitched by dodgy advisers is just as vital to your financial health as paying off your mortgage or contributing to a retirement savings plan.

Last week, the Canadian Securities Administrators published a research study of investment fraud. Which people are more likely to be approached?

• Do-it-yourself investors, who have looked for information about investing in the past 12 months.
• Those who choose more aggressive investments and are willing to take more risk to achieve above-average returns.
• Those who are more active online, buying goods and services on the Internet or by phone at least every two months.
• Those who are less likely to work with advisers (even if they have one) when making investment decisions.
• Those who are confident and believe they are informed about investments.

And who are the victims of investment fraud?

They're more likely to be overconfident, do-it-yourselfers, frequent traders, comfortable with taking risk and well educated. (Half have college or university degrees and one in 10 has a postgraduate degree.)

Recognizing and avoiding fraud is the next topic we'll focus on in my next series of Money 911 columns each Sunday. Next week, we'll take a closer look at investment frauds and why they work so well.

Technically Speaking...

The Trend Is Your Friend

New Gold Buy Signal Triggered in Stochastics

Its Buying Time Again

Leaders On TSX

Globe says Manulife, others may start to beat a retreat

Anonymous Is Biggest Seller For 2nd Day

New Gold

Taking Out Bids Which Is Depressing The Share Price

Globe says Manulife, others may start to beat a retreat

2009-10-09 08:15 ET - In the News

See In the News (C-MFC) Manulife Financial Corp

The Globe and Mail attempts to identify companies that are not likely to perform well in the latest quarter in its Friday, Oct. 9, edition. The Globe's Scott Adams writes in the Number Cruncher column that he considers what surprises analysts have predicted in the past and then sees if they are projecting more. Then he considers recent downgrades to earnings estimates by analysts for the current quarter and year. Finally, Mr. Adams looks for negative changes in analyst recommendations. Mr. Adams considered only Canadian-listed companies with market caps greater than $250-million and coverage by at least three analysts. Most of the companies making it onto Mr. Adams's list have had earnings estimates cut drastically in the past couple months. Their earnings momentum, however, has not hurt the stocks in the past three months, as the market is up sharply and has bid up deep-value stocks. Mr. Adams warns that these stocks could reverse direction if they produce a poor quarter. Companies with profit momentum warning signs are Lake Shore Gold, First Uranium, Manulife Financial, Fairborne Energy, New Gold, Savanna Energy Services, Silver Standard Resources, ATS Automation Tooling and Cogeco.

KEY EVENTS TO WATCH FOR:

KEY EVENTS TO WATCH FOR:
Friday, October 9, 2009
8:30 AM ET. Aug Trade Balance, in dollars

Deficit (Expected 33.6B; previous 31.96B)

Exports (previous 127.59B)

Exports Percent Change (previous +2.2%)

Imports (previous 159.55B)

Imports Percent Change (previous +4.7%)



The STOCK INDEXES

The December NASDAQ 100 was lower due to profit taking overnight as it consolidates some of the rally off last week's low. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. Closes above last Monday's high crossing at 1732.50 are needed to confirm that a short-term low has been posted. If December renews last week's decline, the 25% retracement level of this year's rally crossing at 1578.56 is the next downside target. First resistance is Thursday's high crossing at 1730.75. Second resistance is last Monday's high crossing at 1732.50. First support is the 10-day moving average crossing at 1699.75. Second support is last Friday's low crossing at 1649.75. The December NASDAQ 100 was down 6.75 pts. at 1709.75 as of 5:58 AM CST. Overnight action sets the stage for a lower opening by December NASDAQ 100 when the day session begins later this morning.

The December S&P 500 index was lower due to profit taking overnight as it consolidates some of the rally off last week's low. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. Closes above last Tuesday's high crossing at 1065.50 are needed to confirm that a short-term low has been posted. If December renews last week's decline, September's low crossing at 987.00 is the next downside target. First resistance is Thursday's high crossing at 1067.20. Second resistance is September's high crossing at 1075.50. First support is the 20-day moving average crossing at 1051.46. Second support is the 10-day moving average crossing at 1048.05. The December S&P 500 Index was down 1.50 pts. at 1062.30 as of 6:00 AM CST. Overnight action sets the stage for a steady to lower opening by the December S&P 500 index when the day session begins later this morning.


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U.S. Mint Suspends Gold Coin Production

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December T-bonds were slightly higher overnight due to short covering overnight as it consolidates some of Thursday's decline. Stochastics and the RSI are bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 120-26 are needed to confirm that a short-term top has been posted. If December renews the rally off June's low, the 50% retracement level of this year's decline crossing at 123-32 is the next upside target. First resistance is last Friday's high crossing at 123-25. Second resistance is the 50% retracement level of this year's decline crossing at 123-32. First support is the overnight low crossing at 120-31. Second support is the 20-day moving average crossing at 120-26. ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy
November crude oil was lower due to profit taking overnight as it consolidates some of Thursday's rally. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off last month's low, September's high crossing at 73.58 is the next upside target. Closes below Monday's low crossing at 68.05 would temper the near-
term friendly outlook in the market. First resistance is Thursday's high crossing at 72.55. Second resistance is September's high crossing at 73.58. First support is the 20-day moving average crossing at 70.01. Second support is Monday's low crossing at 68.05.
November heating oil was lower due to profit taking overnight as it consolidated some of Thursday's rally. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off September's low, September's high crossing at 188.78 is the next upside target. Closes below Monday's low crossing at 173.77 would temper the near-term friendly outlook. First resistance is Thursday's high crossing at 186.15. Second resistance is September's high crossing at 188.78. First support is the 10-day moving average crossing at 179.74. Second support is Monday's low crossing at 173.77.
November unleaded gas was lower due to profit taking overnight as it consolidates some of Thursday's rally. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off September's low, September's high crossing at 187.36 is the next upside target. Closes below Monday's low crossing at 168.85 would temper the near-term friendly outlook in the market. First resistance is Thursday's high crossing at 180.86. Second resistance is September's high crossing at 187.36. First support is the 20-day moving average crossing at 174.88. Second support is the 10-day moving average crossing at 173.34.
November Henry natural gas was slightly lower due to light profit taking overnight as it consolidates above the 38% retracement level of this year's decline crossing at 4.888. Stochastics and the RSI are diverging but are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off September's low, August's high crossing at 5.133 then the 50% retracement level of this year's decline crossing at 5.320 are the next upside targets. Closes below last Friday's low crossing at 4.351 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 5.120. Second resistance is August's high crossing at 5.133. First support is the 10-day moving average crossing at 4.842. Second support is the 20-day moving average crossing at 4.720. CURRENCIES

The December Dollar was higher due to short covering overnight as it consolidates above monthly support crossing at 75.73. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If December extends this week's decline, monthly support crossing at 73.39 is the next downside target. Closes above last Tuesday's high crossing at 77.74 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 76.78. Second resistance is last Tuesday's high crossing at 77.74. First support is Thursday's low crossing at 75.68. Second support is monthly support crossing at 73.39.
The December Euro was lower due to profit taking overnight as it consolidates some of the rally off last week's low. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, September's high crossing at 148.440 is the next upside target. Closes below last Friday's low crossing at 144.790 are needed to confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 148.160. Second resistance is September's high crossing at 148.440. First support is the 20-day moving average crossing at 146.759. Second support is last Friday's low crossing at 144.790.
The December British Pound was lower overnight as it extends the trading range of the past two weeks. Stochastics and the RSI are oversold and are turning bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 1.6135 are needed to confirm that a short-term low has been posted. If December renews the decline off September's high, the 50% retracement level of this year's rally crossing at 1.5394 is the next downside target. First resistance is the reaction high crossing at 1.6124. Second resistance is the 20-day moving average crossing at 1.6135. First support is last Monday's low crossing at 1.5766. Second support is the 50% retracement level of this year's rally crossing at 1.5394.

The December Swiss Franc was lower due to profit taking overnight as it consolidates some of the rally off last week's low. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this rally, September's high crossing at .9920 is the next upside target. Closes below last week's low crossing at .9522 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at .9785. Second resistance is September's high crossing at .9920. First support is last week's low crossing at .9522. Second support is the 38% retracement level of this year's rally crossing at .9376.
The December Canadian Dollar was higher overnight as it extends this week's breakout above September's high crossing at 94.44. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, the 87% retracement level of the 2008-2009-decline crossing at 96.84 is the next upside target. Closes below the 20-day moving average crossing at 93.24 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 95.61. Second resistance is the 87% retracement level of the 2008-2009-decline crossing at 96.84. First support is the 20-day moving average crossing at 93.24. Second support is last Friday's low crossing at 91.24.
The December Japanese Yen was lower due to profit taking overnight as it consolidates some of this week's rally. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off August's low, the 2008 high crossing at .11472 is the next upside target. Closes below the 20-day moving average crossing at .11090 are needed to confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at .11368. Second resistance is the 2008 high crossing at .11472. First support is the 10-day moving average crossing at .11201. Second support is the 20-day moving average crossing at .11090.
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PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals
December gold was lower due to profit taking overnight as it consolidates some of this week's rally. A rebound in the U.S. Dollar overnight helped to trigger a round of profit taking in the gold market. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. As December extends this week's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 1014.40 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 1062.70. First support is the 10-day moving average crossing at 1021.10. Second support is the 20-day moving average crossing at 1014.40.
December silver was lower due to profit taking overnight as it consolidates some of this week's rally. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, the 75% retracement level of 2008's decline crossing at 18.180 on the weekly continuation chart is the next upside target. Closes below the 10-
day moving average crossing at 16.851 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 17.955. Second resistance is the 75% retracement level of 2008's decline crossing at 18.180. First support is the 20-day moving average crossing at 16.857. Second support is the 10-day moving average crossing at 16.851.
December copper was lower due to profit taking overnight as it consolidates some of Thursday's rally but remains above the 20-day moving average. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, the reaction high crossing at 295.50 is the next upside target. Closes below the 10-day moving average crossing at 277.56 would temper the near-term friendly outlook. Closes above the reaction high crossing at 298.95 or below 266.00 are needed to confirm a breakout of the current trading range and point the direction of the next trending move. First resistance is Thursday's high crossing at 290.10. Second resistance is the reaction high crossing at 295.50. First support is the 20-day moving average crossing at 279.75. Second support is the 10-day moving average crossing at 277.56. FOOD & FIBER http://quotes.ino.com/exchanges/?c=food

December coffee closed higher on Thursday and spiked above September's high as it extends the rally off last week's low. Profit taking tempered early session gains and the mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, August's high crossing at 14.17 is the next upside target. Closes below the 10-day moving average crossing at 12.99 would temper the near-term friendly outlook in the market.
December cocoa closed higher on Thursday as it extends this week's rally. Profit taking tempered early session gains and the mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off August's low, weekly resistance crossing at 32.90 is the next upside target. Closes below Monday's low crossing at 29.67 would confirm that a short-term top has been posted.
March sugar closed lower on Thursday as it extends yesterday's breakout below the 20-day moving average crossing at 23.68. A short covering rally tempered early session gains and the mid-range close set the stage for a steady opening on Friday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. Closes below September's low crossing at 21.95 would confirm this summer's head and shoulders top while opening the door for a larger-degree decline this fall.
December cotton closed higher on Thursday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. From a broad perspective, December needs to close above the reaction high crossing at 65.47 or below the reaction low crossing at 54.77 to confirm a breakout of this year's trading range and point the direction of the next trending move.
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GRAINS http://quotes.ino.com/exchanges/?c=grains

December corn was steady overnight in quiet trading as the market awaits the results of this morning's monthly USDA supply-demand report for direction. A Dow Jones Newswires survey of trade analysts suggests that traders have priced expectations of a 12.993 billion-bushel corn crop on a 162.7 bushel per acre yield into the market. That's up from USDA's September estimate of a 12.955 billion-bushel crop on a yield of 161.9 bushels yield. The trade expects USDA to peg 2009-
10 ending corn stocks at 1.675 billion bushels, up 40 million from the previous month. The high-
range close overnight sets the stage for a steady to higher opening when the day session begins. Stochastics and the RSI are overbought but remain bullish signaling that additional short-term gains are possible near-term. If December extends the rally off September's low, August's high crossing at 3.75 1/4 is the next upside target. Closes below the 20-day moving average crossing at 3.38 3/4 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 3.70. Second resistance is August's high crossing at 3.75 1/4. First support is the 10-
day moving average crossing at 3.48 1/2. Second support is the 20-day moving average crossing at 3.38 3/4.
December wheat was lower due to profit taking overnight as traders completed final position squaring ahead of this morning's monthly supply-demand report. The low-range close sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 4.81 1/2 are needed to confirm that a short-term low has been posted. If December renews this summer's decline, long-term support crossing at 4.33 is the next downside target. First resistance is the reaction high crossing at 4.81 1/2. Second resistance is Thursday's high crossing at 4.83. First support is the 20-day moving average crossing at 4.58 1/2. Second support is Monday's low crossing at 4.39 1/4.
December Kansas City Wheat closed up 9 1/2-cents at 4.89 3/4.

December Kansas City Wheat gapped up and closed higher on Thursday as it extended this week's breakout above the 20-day moving average. Profit taking tempered early session gains and the mid-
range close sets the stage for a steady opening on Friday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 4.93 are needed to confirm that a short-term low has been posted. If December renews this summer's decline, monthly support crossing at 4.50 then 4.33 are the next downside targets. First resistance is the reaction high crossing at 4.93. Second resistance is today's high crossing at 4.99. First support is the 10-day moving average crossing at 4.72 1/2.Second support is last Friday's low crossing at 4.58 3/4.

December Minneapolis wheat was lower due to profit taking overnight as it awaits the results of this morning's monthly supply-demand report. The low-range overnight close sets the stage for a steady to lower opening when the day session begins later this morning. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 5.12 3/4 are needed to confirm that a short-term low has been posted. If December renews this summer's decline, weekly support crossing at 4.64 is the next downside target. First resistance is the reaction high crossing at 5.12 3/4. Second resistance is Thursday's high crossing at 5.13. First support is the 10-day moving average crossing at 4.91. Second support is Monday's low crossing at 4.77.
SOYBEAN COMPLEX
November soybeans were lower due to profit taking overnight as it consolidates some of Thursday's rally. A Dow Jones Newswires survey of trade analysts suggests that USDA will peg this year's soybean crop at 3.291 billion bushels on a yield of 42.9 bushels per acre. USDA pegged the crop at 3.245 billion bushels on a yield of 42.3 bushels per acre in September. The trade expects USDA to peg this year's ending stocks at 257 million bushels, up 37 million from September. The mid-range overnight close sets the stage for a steady opening when the day session begins later this morning. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 9.37 1/4 are needed to confirm that a short-term low has been posted. Closes below the 10-day moving average crossing at 9.14 1/4 would temper the near-term friendly outlook. First resistance is Thursday's high crossing at 9.42. Second resistance is the reaction high crossing at 9.77 3/4. First support is the 20-day moving average crossing at 9.22 3/4. Second support is the 10-day moving average crossing at 9.14 1/4.
December soybean meal was slightly lower due to profit taking overnight as it consolidates some of Thursday's rally. The high-range close overnight set the stage for a steady to higher opening when the day session begins trading later this morning. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, the reaction high crossing at 298.80 is the next upside target. Closes below the 10-day moving average crossing at 281.10 would temper the near-term friendly outlook. First resistance is Thursday's high crossing at 291.90. Second resistance is the reaction high crossing at 298.80. First support is the 20-day moving average crossing at 282.20. Second support is the 10-day moving average crossing at 281.10.
December soybean oil was lower due to profit taking overnight as it extends this week's trading range. The low-range close sets the stage for a steady to lower opening when the day session begins later this morning. Stochastics and the RSI are bullish hinting that a low might be in or is near. Closes above the reaction high crossing at 36.19 are needed to confirm that a short-term low has been posted. If December renews the decline off August's high, July's low crossing at 32.80 is the next downside target. First resistance is last Thursday's high crossing at 34.90. Second resistance is the reaction high crossing at 36.19. First support is last Tuesday's low crossing at 33.54. Second support is the reaction low crossing at 33.45.
LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

December hogs closed up $1.77 at $53.53.

December hogs closed higher on Thursday and above September's high crossing at 53.05 thereby renewing the rally off August's low. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, the 25% retracement level of the 2008-2009-decline crossing at 55.69 is the next upside target. Today's close below Monday's low crossing at 47.50 would confirm that a short-term top has been posted. First resistance is today's high crossing at 53.95. Second resistance is the 25% retracement level of the 2008-2009-decline crossing at 55.69. First support is the 10-day moving average crossing at 49.77. Second support is Monday's low crossing at 47.50.
February bellies closed up $2.38 at $82.77.

February bellies closed higher on Thursday and above the 20-day moving average crossing at 83.05 confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. If February extends this week's rally, September's high crossing at 89.40 is the next upside target. Closes below Wednesday's gap crossing at 80.70 would confirm that a short-term top has been posted. First resistance is today's high crossing at 84.80. Second resistance is September's high crossing at 89.40. First support is the 10-day moving average crossing at 81.60. Second support is Wednesday's gap crossing at 80.70.
December cattle closed up $0.25 at 84.32.

December cattle closed higher on Thursday as it consolidated some of this week's decline. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off May's high, psychological support crossing at 80.00 is the next downside target. Closes above the 20-day moving average crossing at 85.25 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 84.77. Second resistance is the 20-day moving average crossing at 85.25. First support is Tuesday's low crossing at 83.50. Second support is psychological support crossing at 80.00.
November feeder cattle closed up $0.62 at $93.80.

November Feeder cattle closed higher due to short covering on Thursday as it consolidates some of this year's decline. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are oversold and are turning bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 96.34 are needed to confirm that a short-term low has been posted. If November extends this year's decline, the 87% retracement level of the 2008-2009-rally crossing at 91.11 is the next downside target. _____________________________________________________________________