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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (47731)	4/13/2012 5:31:22 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69749

10:06AM Supervalu shares surge 12% on outlook ( SVU ) by Matt Andrejczak SAN FRANCISCO (MarketWatch) -- Supervalu (svu) shares shot up 12% to $5.98 early Tuesday after the supermarket chain issued a fiscal year forecast that exceeded the consensus analyst forecast. Same-store sales at Supervalu, owner of Albertsons and Save-A-Lot, also came in better than expected for its fiscal fourth-quarter quarter ended Feb. 25. Supervalu shares, one of the worst performers year-to-date on the S&P 500, have been heavily shorted by investors betting against gains in the stock. The grocer has been trying to orchestrate a long-awaited turnaround, consisting of lowering its shelf prices and selling off stores. Supervalu "still has a long way in executing its turnaround, but for today at least, we believe the stock should clearly benefit from what has been a perfect storm for an epic short squeeze," Cantor Fitzgerald analyst Ajay Jain said in a research note. 10:03AM Oil turns higher, trades above $102 a barrel by Claudia Assis SAN FRANCISCO (MarketWatch) -- Crude-oil futures turned higher Tuesday, with the contract regained some footing amid commodity strength and a mixed bag for U.S. equities. Crude for May delivery (clk2) advanced 15 cents, or 0.2%, to $102.62 a barrel on the New York Mercantile Exchange. It had been in the red during Asian and European market hours, and traded as low as $101.69 a barrel, according to FactSet Research. 10:00AM Housing busts take 5 years for recovery: IMF by Steve Goldstein WASHINGTON (MarketWatch) -- Housing busts and recessions preceded by run-ups in household debt result in slumps for at least five years, according to a study released by the International Monetary Fund ahead of the world economic outlook. The study looked at advanced economies over the past three decades. The report suggested transfer payments and monetary easing can limit the impact, and targeted household debt restructuring policies can deliver significant benefits.