The Traderszone Network

Brent crude gave up most of its early gains and steadied above $58.50 a barrel on Tuesday, supported by data showing annual consumer inflation in top energy consumer China recovered last month while a firmer dollar kept a lid on prices. China, which is battling growing deflationary pressures, saw consumer inflation rise 1.4 percent in February, beating the 0.9 percent gain estimated by analysts. “The consumer price index figure is mildly positive” for oil prices, said Ric Spooner, chief market analyst at Sydney’s CMC Markets.

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The best performing technology fund since the peak of the dot com boom did it all without owning Apple Inc, whose soaring stock price has pushed the Nasdaq near a new record high. The $941 million Fidelity Select IT Services fund has returned an average of 10.9 percent a year since March 10, 2000, when the Nasdaq Composite hit its record high, according to Lipper data. This is a wholly different subset of technology than most investors are familiar with,” said Todd Rosenbluth, director of mutual fund research at SP Capital IQ.

Credit Suisse confirmed Tuesday that CEO Brady Dougan will step down in June 2015, to be replaced by Tidjane Thiam.

Hammered by a string of food contamination scandals, McDonald’s Japan plans to launch an app for customer complaints.

So as Alibaba (BABA) approaches its lockup expiration day on March 18th, the news media is announcing the plunge in the stock price that will happen as the stock goes through this period. Here is the chart. Not much to smile about. A 4 month down trend, recently trading below the original pullback and under performing the $SPX on the purple SPURS. A small glimpse of enthusiasm could be tilted towards the positive divergence on the MACD, but that would be a stretch. On March 18, when the lockup expires, what will happen to this highly praised IPO?

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Oil prices stick to ranges as investors wait for a crop of new supply data.
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Coffee is the worst performing soft commodity this year, but experts say positive fundamentals should translate into a solid rebound.