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Nokia, the world’s largest handset maker yesterday unveiled its first phone running on Linux software with the plan to improve its offerings at the top end of the market. The focus of cell phone business worldwide has shifted to services and software following Apple and Google’s entrances to the market in the last two years.The Finnish firm has been looking for business opportunities from offering services like music downloads or games to cell phone users as the handset market itself is maturing, but to date its offerings have gained limited traction. Read more

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Successful traders always have a plan and follow it.

Traders who fail do not have a specific plan, they enter and exit with out reason or they enter and then do not exit until losses are painful.

In short, the unsuccessful have no exit strategy, or if they do, they do not follow it

Successful traders wait until the trade comes to them, they do not force the trade. Rather they exercise discipline and ignore that temptation that always suggests: “let a loss run just a little more, it will come back.” The fact is that: the loss that runs just a little more often runs a lot more. Read more

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Gold futures dipped on Wednesday as weaker equities prompted funds to consolidate recent profits, but the market drew support from a renewed appetite for risk among investors. Platinum and palladium, boosted this week by strong July car sales, rose on supply worries because of a possible strike at the power utility in top platinum producer South Africa. Renewed interest from investment funds buoyed commodities and equities alike, as investors focused on economic recovery rather than deflation which had decreased inflation-hedge buying in Gold earlier this year. US December gold futures settled down US$3.40 at US$966.30 oz on the COMEX division of the New York Mercantile Exchange. Spot Gold dipped to US$966.20 an ounce at 3:30 p.m. EDT from US$966.75 oz late in New York on Tuesday.

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US house prices showed their first monthly gain in three years in May offering another sign that the stricken residential real estate market is stabilizing. Home prices unexpectedly climbed by 0.5% from April to May, but were off by 17.1% year-on-year, according to the closely watched Case-Shiller index, released on Tuesday. The monthly rise was the first since prices peaked in July 2006, while the annual drop marked the fourth straight month that the rate of decline slowed after 16 consecutive months of record falls.

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Healthcare was a winning sector last week, up about 2.2%. That’s not a huge victory, but it beats the overall market’s 3.5% loss for the week. Savvy market observers have ID’s this as a sector trend that will continue grow in importance. And they note that healthcare stocks have lagged since the March 9, 2009 bottom, and that that is the point of a sector rotation strategy to find tomorrow’s leaders, which are frequency yesterday’s losers/laggards. In the past week healthcare stocks have picked up their pace, which may augur the beginning of the next major rotation in US stocks. The bullish bias for healthcare equipment, technology, and suppliers is in place now and it is also worth nothing there really haven’t been any bad healthcare industries to be since early June.

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The S&P 500, since sinking to a 12- year low of 676.53 on March 9 surged 25% as banks from Citigroup Inc. to JP Morgan Chase said they made money in the first two months of 2009 and Treasury Secretary Timothy Geithner announced plans to finance as much as US$1T in purchases of distressed assets from financial firms.

“No matter how you feel about the stimulus package, some of it is going to stick and the economy should stabilize in the second or third quarter,” said Bruce Bittles the Nashville- based chief investment strategist at Robert W. Baird & Co.“If that’s going to happen, the market will sniff it out.”

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