The Traderszone Network

The reason market watchers are parsing the coded messages of the tape so closely is this: The line between bull and bear market is nearby to us, and fine enough to cross without really noticing.

Elmer’s Products Inc, the owner of the popular U.S. school glue brand, is exploring a sale that could value it at close to $400 million, including debt, according to people familiar with the matter. Berwind Corp, the investment vehicle of the wealthy Berwind family that owns Elmer’s Products, has hired investment bank Robert W. Baird & Co to explore a sale, the sources said this week. Elmer’s has annual earnings before interest, taxes, depreciation and amortization of around $53 million, according to the sources.

Buoyed by strong consumer spending and steady home sales, U.S. businesses added jobs at a healthy pace in September, according to a private survey. Payroll processor ADP said Thursday that employers added …

Halliburton Company looks below the surface to improve well results.

Weekly crude oil inventories from the Energy Information Administration:
– Prior was -1925K
– The API report a surprise build of 4600K barrels
– Gasoline -1068K vs -350K expected
The API report led to some oil selling late yesterday but crude has caught a bid alongside the improvement in risk appetite.

Activity remains confined
The USDJPY continues the up and down choppy trading conditions. The pair has had a tough time stringing together any upward or downward moves. A two day directional move is the best the pair can do since September 10.  

Emerging economies will likely see their fifth consecutive year of declining rates of growth, Lagarde said.