Stocks and Dollars

Price action on GBP/USD (a 4-hour chart of which is shown) as of Friday (10/29/2010) has reached all the way back up to around key 1.6000 resistance after a week of general upward trending. This week’s uptrend was launched off support in the 1.5650 price region, and occurs within the

Among the stock activity stories for Friday, Oct. 29, from the Associated Press: — Shares of Deckers Outdoor Corp. rose after the footwear company reported third-quarter results that beat analyst expectations.

Shares of Vivus Inc. jumped Friday as Wall Street breathed a sigh of relief over prospects for its weight-loss drug, Qnexa, being brought to market.

Stocks wavered after a mixed batch of economic and earnings news Friday, and as investors continued to weigh the potential effect of the election and the next steps from the Federal Reserve.

Stocks were mixed Friday as investors shied away from bold moves ahead of a key U.S. Federal Reserve meeting next week. The Dow Jones Industrials Average fell 26 points to 11,130, while the Nasdaq Composite inched up less than a point to 2,516 and the S&P 500 lost 2 points to 1,185.

Shares of Vivus jump on renewed hopes that its diet drug Qnexa will eventually win FDA approval.

Stocks struggled Friday after a mixed batch of economic and earnings news, and as investors continued to weigh the next steps from the Federal Reserve. Benny Lorenzo, CEO of Kaufman Brothers and Charlie Smith, CIO of Fort Pitt Capital Group discussed their insights.

These heavily shorted stocks with upcoming earnings reports could surge higher on any positive catalyst.