Latest Forum Topics / Others |
![]() |
Dow
|
|
nextdoor
Senior |
24-Nov-2006 22:27
|
x 0
x 0 Alert Admin |
Hope its not a black friday. |
Useful To Me Not Useful To Me | |
billywows
Elite |
24-Nov-2006 21:52
|
x 0
x 0 Alert Admin |
Wei .... Low USD = RED Day?! Quite a huge dip on opening bells! ----------------- S&P 500 futures dropped 6.7 points at 1,402.40 and Nasdaq 100 futures fell 15.25 points at 1,809.00. Dow industrial futures dropped 49 points.
The stock market will close early on Friday at 1 p.m.
The dollar plunged against overseas rivals on Friday -- partly due to the thin trading conditions -- with the euro reaching its highest level since April 2005 and the British pound climbing to its best level since December 2004.
Doubts about U.S. economic growth and speculation of carry trades being unwound were among the factors being cited. The euro rose as high as $1.3108 from $1.2948 late Thursday, and the dollar fell to as low as 115.65 yen from 116.27 yen.
The weakness in the dollar hit export-sensitive stocks, with Germany's DAX 30 dropping 1.5% and Japan's Nikkei 225 dropping 1.1%.
Gold futures, which often rise as the dollar falls, rose $8 to $637 an ounce. Crude oil futures rose 65 cents at $59.89 a barrel.
Retailers will be in focus on the key shopping day of the year, so-called Black Friday.
Retailers can ring up as much as 70% of their annual sales in the November-December stretch, and some make as much as 50% of their annual profit in that short period.
------------------
|
Useful To Me Not Useful To Me | |
|
|
light8
Member |
24-Nov-2006 01:03
|
x 0
x 0 Alert Admin |
Any idea when Dow will make a correction ? Or it will continue to go higher before US election ? |
Useful To Me Not Useful To Me | |
billywows
Elite |
23-Nov-2006 21:56
|
x 1
x 0 Alert Admin |
Oil price really fell today again ........ For info, US market will open for a half-day trading tomorrow only. |
Useful To Me Not Useful To Me | |
billywows
Elite |
23-Nov-2006 18:28
|
x 0
x 0 Alert Admin |
US market will surely be GREEN tonite .......... (due to yesterday's GREEN closing.) Heehee! Thanksgiving holiday today! Wonder how STI will react tomorrow - FLAT or slight correction/profit taking? .... Maybe take cue from tonite's oil price. |
Useful To Me Not Useful To Me | |
|
|
billywows
Elite |
23-Nov-2006 07:05
|
x 0
x 0 Alert Admin |
--------------------
MARKET SNAPSHOT
|
Useful To Me Not Useful To Me | |
tanglinboy
Elite |
23-Nov-2006 07:04
![]() Yells: "hello!" |
x 0
x 0 Alert Admin |
Flat like pancake last night! |
Useful To Me Not Useful To Me | |
billywows
Elite |
22-Nov-2006 23:08
|
x 0
x 0 Alert Admin |
Weaker Oct consumer sentiment .... Sigh! US market sliding down to FLAT now. ----------------- --------------- |
Useful To Me Not Useful To Me | |
|
|
billywows
Elite |
22-Nov-2006 22:43
|
x 0
x 0 Alert Admin |
US market opened GREEN .... Dow up 34 points, while Nasdaq up 10 points now. |
Useful To Me Not Useful To Me | |
billywows
Elite |
22-Nov-2006 22:27
|
x 0
x 0 Alert Admin |
MARKET SNAPSHOT NEW YORK (MarketWatch) - U.S. stocks are poised to open with minor gains Wednesday, with Dell Inc. likely to lend support after its earnings report surpassed expectations, but volume could be light ahead of the Thanksgiving holiday.
---------------------
|
Useful To Me Not Useful To Me | |
billywows
Elite |
22-Nov-2006 07:31
|
x 0
x 0 Alert Admin |
Green pan cake last nite with low volume ... ----------------------- U.S. stocks close higher; Boeing gets order boost Google also garnered attention as it topped $500 for the first time. The stock gained 3% to close at $509.65 after the Internet search engine unveiled discounts for online shoppers who use its payment service during the holiday season.
The Dow Industrials closed up 5 points at 12,321.
Dow component Boeing Co. rose 2.1% to $91.03 after winning a $5.5 billion order for 25 planes from Korean Air Co.
The S&P 500 rose 2 points to 1,402 while the Nasdaq Composite rose 2.1 points to 2,454.
"We're really very little changed, trading volume is very light, indicating that traders and funds are not being overly aggressive one way or another," said Michael Malone, trading analyst at Cowen & Co.
Trading volume was 1.53 billion on the New York Stock Exchange and 1.69 billion on the Nasdaq.
-----------
|
Useful To Me Not Useful To Me | |
cashiertan
Elite |
21-Nov-2006 23:15
|
x 0
x 0 Alert Admin |
CBOE index all 4 of them are pointing down .expect some dip pretty soon. Especially VIX broke below 10. bearish sign as the options player are expecting bear |
Useful To Me Not Useful To Me | |
|
|
billywows
Elite |
21-Nov-2006 22:42
|
x 0
x 0 Alert Admin |
US market pan cake at opening bells .... Dow up 2 points, while Nasdaq up 2 points now. |
Useful To Me Not Useful To Me | |
billywows
Elite |
21-Nov-2006 22:08
|
x 0
x 0 Alert Admin |
With Dell reporting its earnings AMC, it should have no impact on Nasdaq till tomorrow cos poor earnings expected ....
Dell to release third-quarter results Tuesday
Last week, the Round Rock, Texas-based maker of personal computers said it would delay its third-quarter results and that the Securities and Exchange Commission stepped up its probe of the company's accounting practices. The earnings release had been scheduled for Nov. 16. ![]() -------------- |
Useful To Me Not Useful To Me | |
cashiertan
Elite |
21-Nov-2006 08:39
|
x 0
x 0 Alert Admin |
yes christmas rulez.. IT seem that TEch stock is having a good start this yr. With the support of Vista and new Game consoles and Entertainment Eq, compounded by good economomy, it is spending time ! |
Useful To Me Not Useful To Me | |
billywows
Elite |
21-Nov-2006 07:29
|
x 0
x 0 Alert Admin |
US market closed mixed - Dow down 0.2%, while Nasdaq up 0.3% .... Tech rules during Christmas season! --------------- Earlier the market managed a thin rise on a spate of mega-merger news, including Freeport-McMoRan Copper & Gold's $26 billion deal for Phelps Dodge Corp. And the big guns in private equity swung into action again, as the Blackstone Group bid $20 billion to take Equity Office Trust private.
The Dow Jones Industrial Average closed down 26.02 points at 12,316.54, freighted in part by heavy sales of component General Motors Corp and Merck & Co. Inc..
The S&P 500 Index fell 0.70 point to 1,400.50, but the Nasdaq Composite Index was up 6.86 points to 2,452.72.
Volume was light in the holiday-shortened week. The stock market will close on Thursday and have an early closing on Friday.
=========
|
Useful To Me Not Useful To Me | |
cashiertan
Elite |
21-Nov-2006 02:47
|
x 0
x 0 Alert Admin |
As so many fear during expiration week, the markets experienced increased volatility last week as November option expiration approached. Fortunately, this increase in volatility was to the upside, as the major indices swung higher (the S&P 500 [SPX ? 1,401.20] gained 1.5 percent) with investors continuing to move money into the market. But will the expiration run come with a cost, as stocks are now encroaching into overbought territory? For now it appears that the trend will continue to be our friend, though there are some cautionary signs appearing in this market landscape. Option activity on the Chicago Board Options Exchange (CBOE) saw another surge of call volume through last week, pushing single-day readings of the CBOE equity put/call ratio lower. The trend in the ratio's one-month moving average, which is often seen as a market timing indicator, is once again pointed lower, indicating that investors are increasing the number of traded calls relative to puts. As we have discussed in the past, this is often a sign that "sideline money" is flowing into the market, which of course drives stock prices higher. The market should continue to accommodate bullish investors as long as the downward trend in this put/call ratio continues. Similarly, activity among various Rydex mutual funds continues to show that investors are putting more money to work by increasing the number of shares in the Nova and OTC funds. These two bullishly aligned funds benefit from higher prices on the SPX and Nasdaq 100 Index (NDX ? 1,800.67), respectively. Our Nova/Ursa and OTC/Arktos ratios monitor the asset flows between these bullish funds and their bearishly invested counterparts (Ursa and Arktos). The current uptrends in the Nova/Ursa and OTC/Arktos ratios indicate that Rydex investors continue to move assets from bearishly biased to bullishly biased funds. In other words, these ratio trends show that investors continue to move money into this market. This activity should act as a catalyst for higher prices until the trend in these ratios begins to reverse or slow. The most recent investor poll data is showing some increasing signs of optimism that the market will soon have to contend with. . On Friday, the SPX closed above 1,400 for the first time since November 2000. I bring this up because round-number levels often cause the market to pause and in some cases reverse over the short term. This resistance is due to investors reviewing their portfolios at round-numbered mile markers and taking some profits off the table. The last time the SPX encountered a century mark (1,300) was February - April 2006. For the time being, 1,400 should be considered another minor obstruction amid a strong uptrend in the market. Wrapping it up, this holiday-shortened week will likely produce some excess volatility as trading volume takes a rest. There should be some post-expiration selling after many stocks stuck their necks out reaching for last week's new highs. The overbought market should add some pressure to stocks, but given the strong seasonality and fundamental strength driving this market, we are likely to see only a pause rather than a broad-based sell-off. On a cautionary note, the number of individual factors (i.e., the optimistic sentiment indicators discussed above) that can apply selling pressure to the market appears to be building. While this is not enough to cause our outlook to shift from short-term bullish to bearish, it is something to keep in mind should the trend stop being our friend. |
Useful To Me Not Useful To Me | |
billywows
Elite |
21-Nov-2006 01:36
|
x 0
x 0 Alert Admin |
And oil below 56 now .... |
Useful To Me Not Useful To Me | |
billywows
Elite |
21-Nov-2006 01:34
|
x 0
x 0 Alert Admin |
US market like pan-cake now ... Gonna end Flat tonite or the most a bit more REDDER due to profit taking for the coming Thankgiving holiday. But Nasdaq still strong though! |
Useful To Me Not Useful To Me | |
Nostradamus
Supreme |
21-Nov-2006 01:17
|
x 0
x 0 Alert Admin |
Sales of existing homes fell in 38 out of 50 states during the summer, led by steep declines in Nevada, Arizona, Florida and California, as the once-booming housing market showed further signs of a steep slowdown. The National Association of Realtors reported that sales dipped to a seasonally adjusted annual rate of 6.27 million units nationwide, down by 12.7% from the same period a year ago. The nationwide 12.7% fall in sales was from a summer 2005 pace of 7.18 million units, which was the second highest in history. The all-time record sales pace was an annual rate of 7.19 million units set in the April-June quarter of last year. Sales of both existing and new homes set records for a fifth consecutive year in 2005 but have been falling steadily this year as conditions in the housing market have deteriorated. The plunge in housing shaved a full percentage-point off economic growth in the July-September quarter with economists predicting a similar reduction in the current quarter. |
Useful To Me Not Useful To Me |