Forex A slow grinding higher move

Forex

The market is grinding higher in a channel. 3 to 4 days of rallies are followed by 3 to 4 days of down moves. The buyers lack vigor and selling is muted.

Underlying action on many stocks is sideways. As this kind of action has continued for few months, many stocks are setting up well. But absent breadth thrust breakouts are fading.

In this climate anticipation of breakout or breakdown is better approach than chasing breakouts or breakdown. 

Oil A slow grinding higher move

Oil

The market is grinding higher in a channel. 3 to 4 days of rallies are followed by 3 to 4 days of down moves. The buyers lack vigor and selling is muted.

Underlying action on many stocks is sideways. As this kind of action has continued for few months, many stocks are setting up well. But absent breadth thrust breakouts are fading.

In this climate anticipation of breakout or breakdown is better approach than chasing breakouts or breakdown. 

Signals UYMG - Ready To Reverse Course?

Signals

UYMG has fallen from over $.01 to $.0013 and looks to be bottoming.  I think this stock could see some strong upside over the coming days and weeks.

Recent news pasted below:


On Track Technology Announces Development Of New Oil Pump System
EAST HANOVER, N.J., Aug. 27, 2012 /PRNewswire via COMTEX/ -- Unity Management Group (OTC Pink: UYMG), a business resource and service company, is pleased to announce its wholly owned subsidiary, On Track Technology Solutions Inc.(OTT), has successfully completed its prototype pumping system, which is known as the NG Pumping System. OTT has been working diligently with its engineers to complete the NG Pumping System prototype on time and on schedule. The NG Pumping System is a green energy friendly system that can work with new wells or assist in the efficiency of stripper wells.

OTT President, Eddie Schilb said, 'We believe over the next 30 to 60 days we will be applying for our patent pending and installing the prototype. This unit should reduce installation costs by 60% over a new install of traditional equipment while reducing the labor costs of installation by 50% compared to a new install of traditional equipment.' Mr. Schilb continued, 'We also believe the NG Pumping System will reduce work over cost of Maintenance/replacement pumps by 45% and reduce daily operating cost by 50%. Our NG Pumping System is a hydraulic system as opposed to the traditional equipment that is a gear unit system. The NG Pumping System also prevents noise pollution and has shown a significant impact on improving safety for workers, livestock, and landowners. We believe the market place will warmly welcome this product based on the economics alone.'

'With expected sales of 5,000 units the first year, with a cost range between $5500.00, and $77,00.00, depending on the well depth, this system could revolutionize the way Operators produce oil and gas,' said Ayo Odetunmibi Vice President and staff Engineer. With just the 340,000 stripper wells in the US, the possibilities of Services, Joint Ventures and owner operator are very large numbers. The numbers are even greater when one considers the other wells in the US.

Mr. Odetunmibi continued, 'After evaluating what structurally needs to be built out on the property, with our technology; it seems we are in the right place at the right time. We believe upon approval of the system from the governing agencies we could have a 42% margin above the cost of manufacturing.'

Unity Management Group President, Michael Oliver, said, 'As previously stated, Enhanced Oil Recovery projects have the highest financial returns in the industry. This is our primary reason for entering this market. One company estimates their economic per barrel dollar cost on these projects at current oil prices is in the mid-twenty dollar per barrel range, depending on the specific field and area. We are anxious to develop the same profit potential for our shareholders.'

Michael Oliver President of Unity Management Group, also added, 'Due to the recent acquisition of OTT, our financials were delayed, but we expect to have them complete and posted this week.'

According to the DOE (Department of Energy's website at http://www.fossil.energy.gov/programs/oilgas/marginalwells/index.html, one out of every seven barrels of oil produced in the United States comes from a stripper well. A stripper well is a well whose production has slowed to 10 barrels of oil a day or less. There are over 340,000 of these wells in the United States and together they produced 260 million of barrels of oil in 2008, enough to fuel half the jet planes flying in the United States. Many of these wells are marginally economic and at risk of being plugged, leaving significant quantities of oil remaining behind. In fact, several thousand stripper wells are plugged each year. Once a well becomes uneconomic and is plugged, any remaining oil (sometimes as much as two-thirds of the original oil) is unlikely to ever be recovered. This is because of the high cost of re-drilling the well or replacement well and installing pumping, storage and transportation facilities. Therefore, keeping stripper wells in production helps maintain a strong domestic energy supply. The Department of Energy Stripper Well Revitalization effort is committed to developing technologies to improve the performance of marginally economic wells through the Stripper Well Consortium.

About Unity Management Group, Inc.

Unity Management Group, Inc. maintains a network of contacts in the financial community. Our experience facilitates the development of relationships that may lead to financing, joint ventures and other opportunities that are so essential in this age of business and technological relationships.

Unity Management Group, a business resource company, will continue to provide innovative management services that offer high value and significant return on investment through its three subsidiary companies: Unity Capital Acquisitions, Unity Technologies Inc., and United Business Services Inc.

Unity Technologies Inc. is a complete software solutions company offering billing, electronic medical records, and electronic health records for physicians' offices and hospitals. Unity Capital Acquisitions will focus on building and accelerating growth oriented companies, with the intent of spinning them out to our shareholders as separate public companies.

For more information please go to our websites which can be found at

www.unitymanagementgroup.com / www.mcc-online.com

www.ontracktechnology.net

About On Track Technology Solutions:

On Track Technologies Solutions Inc. is a service, heavy Equipment and production company. They develop solutions through their R&D department and through the services department. They work with other service companies and are available to preform services and provide equipment to their company fields after acquisition, to third party companies for hire and for state and regulatory agencies projects. On Track combines existing technologies for production equipment, EOR equipment, treatments (chemicals, CO2, Nitrogen and mixtures) and processes to provide unique solutions and enhancements for service, hydrocarbon production, and building of structures/infrastructures. On Track Technologies Solutions Inc. may identify service and acquire energy properties with previously discovered known oil and gas reserves that have not either been fully produced, or fully developed and defined. They will accomplish this through joint venture, farm outs, acquisition, third party service fee, or other means. Such as utilizing new and existing proprietary technologies. Additionally they will be providing equipment, preform heavy equipment construction work in multiple industries, providing multiple services; depending on the need of a project. On Track believes the oil gas industry and EOR segment is a rapid booming field; On Track expects to generate profit in this field as well in other fields of operation.

On Track Technology Inc. uses multiple patent technologies for Enhanced Oil Recovery (EOR) gas treatment. We will use this patented technology with other proven EOR technology currently used in the industry. Throughout the United States there are primary depleted oil reservoirs representing billions of barrels of oil that lend themselves to the use and exploitation of Enhanced Oil Recovery and On Track Technology Inc.'s proven patented technology. Without EOR technology, these reservoirs will produce only about 20% of their Original Oil in Place. Gas injection EOR is a proven method that has been in use over the last 50 years in the oil fields of West Texas, Kansas, Oklahoma, Michigan, Wyoming and Oklahoma.

Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Unity Management Group, Inc.Investor Relations 888-311-9891

Earn Coca-Cola says it alerted FDA about fungicide

Earn Coca-Cola says it alerted FDA about fungicide Coca-Cola says it alerted FDA about fungicide after finding it in orange drinks Companies: Pepsico, Inc. RELATED QUOTES Symbol Price Change PEP 64.63 -0.38 NEW YORK (AP) -- Coca-Cola Co. said Thursday it alerted the Food and Drug Administration after it discovered via testing its own and competitors' products that some Brazilian growers had sprayed their orange trees with a fungicide that is not approved for use in the U.S. The FDA had said Monday that an unnamed juice company alerted it in December after detected low levels of the fungicide in orange juice products after testing its own and competitors' products. Most orange juice products made by Coke and other companies contain a blend of juice from different sources including Brazil. Atlanta-based Coca-Cola did not say which of its own and others' products it tested contained the fungicide. Its own orange juice products include Simply Orange and Minute Maid. [Also see: Taste Test of Starbucks' New Blonde Coffee] 'This is an industry issue that affects every company that produces products in the U.S. using orange juice from Brazil,' said Coca-Cola spokesman Dan Schafer. He declined to say whether its tests shows fungicide in Coca-Cola products The FDA has said the low levels found of the fungicide aren't a safety risk but they will increase testing to make sure the contamination isn't a problem. The fungicide, carbendazim, is not currently approved for use on citrus in the U.S., but is used in Brazil, which exports orange juice to the United States. Brazil is the biggest producer of oranges in the world, according to the Agriculture Department. Coca-Cola says it continues to work with the FDA on the issue. [Also see: Classic Comfort Foods Made Healthy] In addition to Coca-Cola, Pepsico Inc.'s Tropicana brand is one of the largest U.S. orange juice producers. Coca-Cola shares fell 40 cents to $67.66 in morning trading Thursday. PepsiCo shares fell 28 cents to $64.73 per share.

Earn IMF leads global push for euro zone to boost firewall

Earn IMF leads global push for euro zone to boost firewall The head of the International Monetary Fund (IMF) Christine Lagarde attends a session at the World Economic Forum (WEF) in Davos, January 28, 2012. REUTERS/Christian Hartmann The head of the International Monetary Fund (IMF) Christine Lagarde attends a session at the World Economic Forum (WEF) in Davos, January 28, 2012. REUTERS/Christian Hartmann By Paul Carrel and Emma Thomasson DAVOS, Switzerland (Reuters) - International Monetary Fund chief Christine Lagarde led a global push on Saturday for the euro zone to boost its financial firewall, saying 'if it is big enough it will not get used.' Lagarde, supported by the British finance minister, George Osborne, said the IMF could boost its support for the euro zone but pressed its leaders to act first. Some attendees at the Davos Forum still doubted the viability of the currency union. Countries beyond the 17-country bloc want to see its members stump up more money before they commit additional resources to the IMF, which this month requested an additional 500 billion euros ($650 billion) in funding. 'Now is the time - there has been a lot of pressure building in order to see a solution come about,' Lagarde told a Forum panel discussion on the economic outlook from which euro zone leaders - most notably Germany - were conspicuously absent. 'It is critical that the euro zone members develop a clear, simple firewall that can operate both to limit the contagion and to provide this sort of act of trust in the euro zone, so that the financing needs of that zone can actually be met,' she said. Lagarde's comments rounded out a crescendo of calls at the Davos Forum for the euro zone to boost its financial defenses. The annual five-day conference began with German Chancellor Angela Merkel deflecting pressure to do so. In a carefully worded keynote address, Merkel suggested doubling or even tripling the size of the fund may convince markets for a time, but warned that if Germany made a promise that could not be kept, 'then Europe is really vulnerable.' On Friday, U.S. Treasury Secretary Timothy Geithner pressed Europe to make a 'bigger commitment' to boosting its firewall. Two bankers who attended meetings with Geithner at the Forum said on Friday the United States was looking for the euro zone to roughly double the size of its firewall to 1.5 trillion euros. There was no immediate comment from the U.S. Treasury. Osborne said the currency bloc must beef up its firewall before other countries increase their funding to the IMF. 'I think the euro zone leaders understand that,' said Osborne, the only European minister on Saturday's panel discussion on the global economic outlook in 2012. 'There are not going to be further contributions from G20 countries, Britain included, unless we see the color of their money,' he added, calling for the euro zone 'to provide a significant increase in available resources.' MORE OPTIMISM...FOR SOME Japanese Economics Minister Motohisa Furukawa echoed Osborne's comments, saying: 'Without the firm action of Europe, I don't think the developing countries like China or others are willing to pay more money for the IMF.' On condition that the euro zone boosts its own defenses, he said Japan and other countries were willing to additional support via the IMF. Lagarde said, however, that if the international lender's resources were boosted sufficiently, this would raise confidence to such a degree that they would not be needed. 'If it is big enough, it will not get used. And the same applies to the euro firewall for that matter,' she added. Japanese Prime Minister Yoshihiko Noda, speaking to the Forum by video link from Tokyo, said Japan was working with South Korea and India to reduce the risk of the euro zone crisis spreading to Asia. 'Japan stands ready to support the euro zone as much as possible,' he added. Mexico's central bank chief, Agustin Carstens, said on Friday he believed a consensus was building on boosting the IMF's resources to help European countries and others that might need aid from the global lender. There has been a palpable sense of hope at the Davos Forum that the euro zone is pulling back from the brink of catastrophe, though business leaders are equally worried that Europe's woes will hold back a global recovery. Osborne saw some signs of optimism. 'People have commented on the mood of this conference being quite somber but having been here for a couple of days people have also pointed out that actually people are slightly more optimistic at the end of the week than the beginning,' he said. However, Davos 2011 also ended on upbeat note about the euro zone and a feeling that worst of the crisis was over - only for the situation to deteriorate and financial markets to turn their fire on Italy, the bloc's third biggest economy. 'The euro zone is a slow-motion train wreck,' said economist Nouriel Roubini, made famous by predictions of the 2008-09 global banking crisis. He expected Greece, and possibly Portugal, to exit the bloc within the next 12 months and believed there is a 50 percent chance of the bloc breaking up completely in the next 3-5 years. Hong Kong's Chief Executive, Donald Tsang, said no matter how strong the euro zone's firewall is, the market will look at the nature of the economies it is protecting. 'If it is protecting insolvent economies...no matter how strong the firewall is, it won't survive,' he said. (Additional reporting by Ben Hirschler; Editing by Jon Boyle)

Oil ISIS swing trade setup.

Oil

ISIS is breaking out . Good swing trading setup for 8 to 20% profit potential.

Signals September 7th Penny Stock Winners, Losers, and Stock Scans

Signals

Today's Winners and Losers

Today's Bottom Scan