Post Reply
121-140 of 205
President of egypt had resigned. I read it from marketwatch 
nOW pray ST Index Monday less selling pressure.
US MARKET INDEX TREND> > >
Stock market tracking this morning prior to opening bell revealed that major indexes in the
United States were positioned in negative territory. Political turmoil in Egypt was helping to put a damper on stock action.
This, paired with some of the negative earnings reports yesterday, pushed the Dow into the red as of yesterday’s close for the first time after multiple days of closing in the green. As of the half way point of today’s trading session in the United States, market tracking reveals that the major index composites are pushing higher. The Dow Jones Industrial, Nasdaq and S& P 500 are all trending in the green as we approach the mid-day point of the last trading session for this week. Stocks are edging higher as positive sentiment is boosting investor optimism.
According to the University of Michigan’s Consumer Sentiment report, consumer sentiment strengthened in February. The reported data revealed that the index rose to a preliminary reading of 75.1 which was up from January’s reading of 74.2. The report was positive in that it was higher than the prior sentiment posting a month prior, but expectations were a bit higher as economists had been anticipating the index to rise four tenths more.
Regardless of this expectation, it was still a positive posting and helped index values trend green as of mid-day. Market tracking showed that the Dow Jones was higher by .28 percent at 12,263.65 at this point. The Nasdaq was higher by .31 percent at 2,789.92. The S& P 500 was green by .39 percent at 1,327.04 as mid-day approached.
Author: Frank Matto
bro,
12.3k comin Bullish hOw? tgt 12.6k...
handon ( Date: 10-Feb-2011 23:05) Posted:
BOSS stop sweating.... but no song yet.... 
|
|
IMF replacing US$ to something else, tell your boss, may be should start buying some " Hell notes" . hahaha!
Hell notes very cheap..
handon ( Date: 09-Feb-2011 22:58) Posted:
BOSS said $$$ flow from Asia to US.... BOSS panic and going to bankrupt soon....
|
|
Stocks Move Off Worst Levels But Remain Mostly Lower - U.S. Commentary
(RTTNews) - After coming under pressure in early trading on Thursday, stocks have regained some ground over the course of the morning but remain mostly lower. Traders have largely shrugged off the lowest jobless claims number since July of 2008 amid disappointing earnings from Cisco Systems (CSCO).
The major averages have moved well off of their worst levels but currently remain in the red. The Dow is down 34.67 points or 0.3 percent at 12,205.22, the Nasdaq is down 7.82 points or 0.3 percent at 2,781.25 and the S& P 500 is down 3.15 points or 0.2 percent at 1,317.73.
Cisco is in traders' crosshairs this morning after reporting better than expected second quarter earnings but providing disappointing guidance.
The networking giant said it expects third quarter earnings of $0.35 to $0.38 per share, below analyst estimates for $0.40 per share. Cisco also said full year sales growth would be at the mid to low-end of its previous outlook.
In economic news released earlier, the Labor Department said that initial jobless claims fell by 36,000 to 383,000 in the week ended February 5th from the previous week's revised figure of 419,000. Economists had expected a much more modest decrease to 412,000.
However, the Labor Department indicated that the data was once again impacted by severe winter weather, which has contributed to significant volatility in the data in recent weeks.
Commenting on the data, Peter Boockvar, equity strategist at Miller Tabak, said, " Bottom line, smoothing out the data, initial claims are back to the low 400k's which points to further improvement (decline) in the pace of firings."
Separately, the Commerce Department said wholesale inventories rose by 1.0 percent in December after revised data showed that inventories were unchanged in November. Economists had expected inventories to increase by 0.7 percent compared to the 0.2 percent drop originally reported for the previous month.
Sector News
Gold stocks are under considerable selling pressure in the early going, with the NYSE Arca Gold Bugs Index posting a 1.6 percent loss. The weakness comes amid the day's U.S. dollar strength, which has sent the price of gold tumbling by $12.60 to $1,352.20 an ounce.
Telecom and internet stocks are also under pressure following the gloomy forecast from Cisco, while computer technology and healthcare provider stocks are also seeing moderate losses.
Despite the steep loss by Cisco, other networking stocks are moving higher, with Alcatel Lucent (ALU) leading the way after reporting better than expected fourth quarter earnings. The company also said it expects strong profit growth and market improvement in 2011
Oil service and biotechnology stocks are also moving higher, helping to offset some of the aforementioned weakness.
Stocks Driven By Analyst Comments
Watts Water Technologies (WTS) is trading higher after Brean Murray upgraded the stock from Hold to Buy. The stock is up by 4.3 percent and is on target for its best close since July of 2007.
Meanwhile BioMed Realty (BMR) is posting a notable loss after Stifel Nicolaus dropped its rating on shares from Buy to Hold. The stock is seeing a loss of 1 percent after setting its lowest intraday price since late November earlier on.
Life Time Fitness (LTM) is also under pressure after a downgrade at KeyBanc Capital Markets from Buy to Hold. Shares are down by 1.4 percent, falling further away from a recently set three-year closing high.
Other Markets
In overseas trading, stock markets across the Asia-Pacific region saw a down day on Thursday. Japan's benchmark Nikkei 225 Index fell by 0.1 percent, while Hong Kong's Hang Seng fell by 2 percent.
The major European markets are also trading lower. The German DAX Index is down by 0.2 percent, while the French CAC 40 Index and the U.K.'s FTSE 100 Index are both down by 0.7 percent.
In the bond markets, treasuries are showing modest weakness. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, is trading at 3.687 percent, posting a gain of 4.5 basis points.
BOSS short when Dow was sitting above 12k... Anyways, as we speak got free flow RED wine. Cheers!
BOSS stop sweating.... but no song yet....
BOSS can start singing already.. hehehehehe.......
handon ( Date: 09-Feb-2011 22:58) Posted:
BOSS said $$$ flow from Asia to US.... BOSS panic and going to bankrupt soon....
|
|
Two Potential Inflation Threats That Are Lurking In 2011-
Despite high unemployment, inflation is still going to hit the U.S. soon, according to Deutsche Bank's Joe LaVorgna.
It's not because of food or money printing, however. Rather, it's about a dramatic collapse in rental vacancies.
From Joe LaVorgna:
With the residential rental vacancy rate plunging 1.3% over the past year to its lowest level since Q1 2003, we expect rents, which have already begun to turn higher, to continue to accelerate...These trends have since reversed, so rents should continue to rise, adding almost one percentage point to core CPI this year.
So, yes, regardless of still high unemployment, we're going to see an increase in inflation. But LaVorgna also sees a decline in the unemployment rate in the U.S., to 7.8% by the end of 2011. That might not seem like a big deal for inflation, as it's no where close to the unemployment levels we saw prior to the recession. But with a new NAIRU, or non-accelerating inflation rate of unemployment, it may be real inflation threat.
Structural unemployment may actually be much higher in the U.S. than it used to be in the wake of the recession, with many construction workers who used to build homes permanently unemployed. That could raise the NAIRU, and make LaVorgna's 7.8% call pretty close to what Societe Generale project is the new top end for bottom for unemployment.
That means the U.S. economy might be close to its new all-cylinders unemployment level by the end of 2011. More people employed, more people spending, more reason to get worried about inflation.
From Deutsche Bank:
BOSS said $$$ flow from Asia to US.... BOSS panic and going to bankrupt soon....
Wall St set to open flat, China rate hike eyed
* China rate hike shifts focus to global demand
* Merger activity continues with healthcare deal
* Futures: Dow up 3 pts, S& P down 0.5 pt, Nasdaq up 0.5 (Updates prices, comment)
By Rodrigo Campos
NEW YORK, Feb 8 (Reuters) - U.S. stocks were set to open little changed at 2-1/2 year highs on Tuesday, with investors focused on corporate earnings and the impact of an interest rate hike by China on economic demand.
Investors said stocks could also be affected by the success of a $32 billion sale of U.S. three-year notes later on Tuesday. A jump in borrowing costs could hurt corporate earnings.
Following Monday's gains, which helped the benchmark breach a resistance level at 1,313, the S& P 500 faces resistance around 1,325 with near-term support at 1,300 and 1,295.
Merger activity continued Tuesday with Kindred Healthcare Inc's planned acquisition of RehabCare Group Inc to create a big post-acute healthcare services company.
China's central bank raised interest rates by 25 basis points, its second increase in six weeks in a bid to tame inflation. In addition, consumer prices in Brazil surged at their fastest pace in nearly six years in January.
" China was booming along and now they are acknowledging inflationary pressures, so we'll have to see if there's any kind of spillover here," said Stephen Carl, principal and head of U.S. equity trading at The Williams Capital Group in New York.
" Deals buoyed the market yesterday, and today there's a couple of small mergers out there. We may see a flat to positive market as a follow-up."
With more than half of the S& P 500 companies' quarterly results in, 72 percent have beaten expectations.
S& P 500 futures edged down 0.5 point and were flat in terms of fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures added 3 points, and Nasdaq 100 futures rose 0.5 point.
McDonald's Corp rose 1.1 percent to $74.22 before the open after the Dow component said global sales at established restaurants rose more than expected in every region except the United States.
Teva Pharmaceutical Industries' shares fell 3.7 percent to $52.95 before the opening bell after the world's biggest maker of generic drugs reported results that fell short of forecasts..
Conexant Systems Inc, which received a buy-out offer from Standard Microsystems Corp last month, said it has received a rival bid from a private equity firm and that its board is considering the proposal. Its shares jumped 17.4 percent to $2.10 premarket.
Accelerating inflation in emerging markets could favor equities in the United States and other developed markets where recent economic data has improved.
Tokyo's stock market rose to a nine-month high, with market players indicating better-than-expected earnings from U.S. and Japanese companies have accelerated a shift of money out of high-inflation emerging markets and into developed markets with loose monetary policies and more subdued price pressures.. (Reporting by Rodrigo Campos Editing by Kenneth Barry)
BOSS next time play abit smaller then.. so no need worry bankrupt. Live to fight another day.
Good luck BOSS.
handon ( Date: 08-Feb-2011 22:00) Posted:
|
BOSS dont know what is called New Year if DOW continues to charge.... 12.3 BOSS bankrupt... |
|
BOSS dont know what is called New Year if DOW continues to charge.... 12.3 BOSS bankrupt...
Broken record alert.
But first, the scoreboard:
Dow: +66.83
NASDAQ: +14.14
S& P 500: +7.71
And now, the top stories:
- So the Egypt story is fading, and that would make for a nice excuse for the rally, except for the fact that the crisis never had much of a negative effect on anything, so that really doesn't make any sense. Oil continued to dive, however, as the fear premium gets let out.
- There really wasn't much economic news anywhere today. Asia is still quiet thanks to the New Year. In Europe there was very little of anything, and so stocks just drifted higher -- as they do -- in the vacuum.
- By far the biggest financial event was Christina Aguilera's singing of the National Anthem, and the controversy surrounding some of the related prop bets.
- So stocks rose, and not only did they rise, but small-cap, high beta, cyclical stocks had a huge day, which helps put to bed some of those " stealth selloff" fears.
- Beyond that, the big news of the day was that AOL is buying Huffington Post. There's also more battling at The St. Joe.
Affirmations are good...
But the market is stronger than any affirmations.
Just place your bets and hope for the best...
The year of RABBIT 2011 rushs of money inflows from Western countries to Eastern countries!krisluke ( Date: 05-Feb-2011 00:36) Posted:
resistance at 12100 points seems difficult to overcome. @ 12300 points very bullish liao... |
|
Okay, I short S& P and long SSE and SZSE indices!handon ( Date: 11-Jan-2011 20:43) Posted:
BOSS said timing to short is not right.... surrender with minimum loss....
|
|
resistance at 12100 points seems difficult to overcome. @ 12300 points very bullish liao...
BOSS said no scare.... DOW n SnP is due for correction....
yum yum 
