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Is market too hot??? How long the bull market can sustain?
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~Money Grows On The Tree Of Patience & Profit From The Patience~
I want to help you trade like EXPERT! Not give your hard earn money to the "crocodile" or the manipulator!
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Next week in US .....
By
Monday
We've got a short trading week coming up, and that usually means it will be a quiet one, too, as we approach Thanksgiving.
Wednesday
"Nothing says day before Thanksgiving like SPAM," wrote fellow Fool LouAnn Lofton.
Thursday
Thanksgiving Holiday. Football. Turkey. More football. More turkey. Sleep.
Friday
Black Friday means door-buster sales, groggy shoppers, and really messy aisles to clean up once the day is done. It also is the official start of the holiday shopping season, and whether that means that you try to battle for a parking spot to land a dirt-cheap price on a high-def TV at Best Buy or you decide to stay in and try your luck at scoring deals through Amazon.com, be careful out there. That cranberry smoothie you made out of Thursday night's leftovers may affect your judgment.
Until next week ....
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Hi Billywows,
Tonite you can have a good rest, as there'e no Dow for you to keep us posted. :)
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Tonite you can have a good rest, as there'e no Dow for you to keep us posted. :)
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Wow Wee .......... Dow up 0.3% while Nasdaq down 0.1% only! Another Dow record last nite! More veggie to come next week ..... Shiok!
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MARKET SNAPSHOT
U.S. stocks mixed as Dow hits another record high
H-P, Gap, Starbucks in focus; Nymex debuts with a bang
By Nick Godt & Leslie Wines, MarketWatch
Last Update: 5:57 PM ET Nov 17, 2006
For the week, the Dow rose 1.9%, the S&P 500 gained 1.5%, and the Nasdaq Composite climbed 2.3%.
Earlier stocks were weakened by a plunge in October housing starts.
The Dow rose 36.74 points to 12,342.56, its new record closing level.
The S&P 500 Index rose 1.44 point to 1,401.20, but the Nasdaq Composite Index lost 3.20 points to 2,445.86, snapping a winning streak
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US market opened RED due to poor housing data .... Dow down 16 points, while Nasdaq down 7 points now. HP kanna probe again ...
Think US market may end flat day or slightly green due to lower oil and possible hope of interest rate cut.
I still think tech stocks will continue to uptrend next year due to Vista .... Year 2007 should be a tech year!
December should be a bit slow month for market after Thanksgiving ....... most investors will be busy decorating their homes, doing their Christmas shoppings and going on long leaves.
So, my opinion is January will be a Strong month instead, when companies report their last quarter earnings - which will be strong due to Christmas spendings. Its also in January when investors are back from their long holidays to position themselves in the market. Its called the 'Capricorn effect'.
As I have read it somewhere: "Buy in November & sell by May" .... Trade with care ya!
Rally rolls on. But watch out come January
There are plenty of reasons stocks can keep rising through year-end. But 2007 will pose some challenges.
By Alexandra Twin, CNNMoney.com senior writer
November 17 2006: 7:01 AM EST
NEW YORK (CNNMoney.com) -- With the Congressional elections finally over and done, the third-oldest bull market in history seems set to roll on through the end of the year. Come January, though, that could change.
Many market pros say the outlook for stocks is good the next six weeks, even though stocks have had a big run since July. They cite strong earnings, lower oil prices, a Fed that seems to be on the sidelines for now, and the belief that the economy is headed for a so-called "soft landing."
Besides, November and December are typically strong months for stocks, making the fourth quarter the best one on Wall Street.
The last roadblock for the rally was the Congressional elections, amid speculation about how traditionally Republican Wall Street might react if the Democrats took both chambers of Congress. Well, they did, for the first time since 1994. How did stock investors take it? The Dow just closed at its 17th record high since early October.
But what happens in the first quarter of next year is anyone's guess, especially if Ben Bernanke & Co. at the Fed don't hint they're getting set to cut interest rates, as many investors are hoping. (Note: Despite signs price pressures are easing, the Fed's still worried about inflation.)
What if earnings finally do slow down and grow at less than a 10 percent rate? And what if the Democrats pass a minimum wage hike, pass trade protection bills and take aim at taxes when the 110th Congress convenes in January.
Could all of that prove to be the proverbial straw that breaks the bull's back? Maybe, maybe not, but there's still plenty to give the bull a backache.
Here's what to keep an eye on heading into the first quarter of 2007.
Inflation and the Fed
A two-year interest rate hiking campaign came to a halt in August, and investors have been hoping the Fed's next move will be to cut interest rates, perhaps as soon as the first half of next year.
That assumes the economy will slow enough to counter inflationary pressures, sparking a need for rate cuts, which tend to spur growth and boost profits, giving a lift to stock prices.
But some recent economic reports and comments from central bankers have suggested the economic slowdown may be short-lived. And while inflation pressures are easing, the Fed still says inflation is its biggest worry, not slowing growth.
Poor housing data just out. Timely for a correction today in US ....... Then chiong again next week! :) (But Nasdaq should be spared tonite due to HP's strong earning.)
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ECONOMIC REPORT
Housing starts plunge to six-year low
New construction of homes down 14.6% to 1.486 million pace
By Rex Nutting, MarketWatch
Last Update: 8:54 AM ET Nov 17, 2006
Starts of new homes plunged 14.6% last month to a seasonally adjusted annual rate of 1.486 million, the lowest level since July 2000, the Commerce Department estimated Friday.
Building permits fell as well, down 6.3% to a seasonally adjusted annual rate of 1.535 million, the lowest in nine years. It was the largest percentage decline in permits in seven years.
Housing starts are now down 27.4% from October 2005 levels, and building permits are down 28% on a year-on-year basis. So far in 2006, starts are down 11.1% compared with the first 10 months of 2005.
October's decline was much larger than expected by Wall Street economists, who had been forecasting a 4.5% drop in starts to 1.69 million as well as a marginal decline in building permits to 1.62 million.
Moreover, September's starts data were revised lower, to 1.74 million from 1.77 million. Permits were revised higher, however, to 1.638 million from 1.620 million.
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WoW, another record for Dow ........ Veggie green day again in US market! STI chionging again today.
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MARKET SNAPSHOT
U.S. stocks close higher on tame inflation, oil drop
Dow at new record high; Applied Materials earnings miss weighs
By Nick Godt, MarketWatch
Last Update: 4:40 PM ET Nov 16, 2006
Crude for December delivery lost $2.50, or 4%, to close at $56.26 a barrel, tracking a big drop in natural gas.
The Dow Jones Industrial Average rose 54 points to close at 12,305, another record high close. It earlier hit an intraday record of 12,325.
The S&P 500 index gained 3 points to 1,399, just below a key technical level.
After a bout of morning weakness, the Nasdaq Composite turned positive to close up 6.3 points to 2,449.
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Now that i am proven wrong for the DOW this month, i have changed my DOW target to 12890 for 1st resistance and 13450 for next resistance. estimated to hit the target within 2-6mths.
of coz there may be a mild correction along the way..
Fed's Moskow sounds alarm on inflation
By Rex Nutting
Last Update: 10:20 AM ET Nov 16, 2006
Dow still listless up 23 points, while Nasdaq totally FLAT .... but HP's earning out tonite will boost Nasdaq cos it's the No1 PC maker now.
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Analysts see H-P delivering upbeat results
By Rex Crum, MarketWatch
Last Update: 10:08 AM ET Nov 16, 2006
Analysts surveyed by Thomson First Call estimate H-P will earn 64 cents a share on revenue of $24.1 billion for its fiscal fourth-quarter. During the same period a year ago, H-P earned 51 cents a share on $22.9 billion in revenue.
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GREEN open again! Dow up 36 points, while Nasdaq flat up 4 point ....
WASHINGTON, Nov 16 (Reuters) - A drop in energy prices helped pull U.S. consumer prices down by a more-than-expected 0.5 percent in October, but prices were up 0.1 percent after stripping out volatile food and energy, the government reported on Thursday.
Economists in a Reuters survey were expecting overall prices to fall by 0.3 percent after a 0.5 percent decline in September. So-called core prices in the Labor Department report were expected to rise by a greater 0.2 percent after advancing by the same amount a month earlier.
Energy prices were down 7 percent last month. For the year to date they were down a seasonally adjusted annual rate of 1.5 percent after surging 17.1 percent for all of 2005, the Department said.
Food and beverage prices were up 0.3 percent in October after gaining 0.4 percent in September. Prices for education and medical care continued to rise last month, while housing prices remained unchanged.
October's reading may offer some comfort to Federal Reserve policy-makers who are expected to leave interest rates unchanged when they meet next month.
October's reading may offer some comfort to Federal Reserve policy-makers who are expected to leave interest rates unchanged when they meet next month.
LONDON (MarketWatch) -- U.S. stock futures were in a tight trading range on Thursday, with investors looking to see if the somewhat hawkish tone revealed in minutes from the last Fed meeting will be justified by consumer-level inflation data.
S&P 500 futures were level at 1,401.50 and Nasdaq 100 futures rose 0.25 of a point at 1,801.50. Dow industrial futures rose 3 points.
U.S. stocks closed stronger on Wednesday, with surprising strength from a New York-area regional survey, a possible airline industry merger and an upgrade of Dow component Altria helping sentiment. The Dow industrials ended at yet another record with a 33 point rise, the S&P 500 rose 3 points and the Nasdaq Composite tacked on 12 points.
Thursday's focus turns to CPI data. Inflation probably slipped 0.3% in October, but the core measure that strips out food and energy prices may have risen 0.2%.
Statistics on weekly jobless claims, October industrial production and capacity utilization and the Philly Fed survey also are ahead.
The dollar was a bit weaker against the euro and the yen, with the Japanese currency helped by comments that China's central bank has diversified into the currency.
December crude oil futures edged up 27 cents to $59.03 a barrel. December gold futures rose $1.20 an ounce to $625.
Shiok! What a crazy week ..... Hope STI gonna attempt another record today too!
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Dow sets another new record!
Altria gains on Goldman upgrade; airlines boosted by U.S. Airways/Delta bid
By Nick Godt, MarketWatch
Last Update: 4:29 PM ET Nov 15, 2006
Meanwhile, traders weighed the minutes of the latest Federal Reserve meeting on interest rates that showed central bankers were less worried about the housing market's impact on the economy and still had concerns about inflation.
The Dow Jones Industrial Average closed up 33 points to 12,251, a record closing level, topping the prior record set Tuesday. It earlier reached an intraday record high of 12,291.
Altria rose 1.4%. Goldman Sachs upgraded the tobacco giant to buy from neutral ahead of its investor meeting on Thursday, citing optimism about its plans for its Kraft unit and improving international tobacco trends.
The S&P 500 gained 3 points to 1,396, after earlier reaching another 6-year high above 1,400. The Nasdaq Composite rose 12 points to 2,442.
CPI on tap
Gains were tempered in the final hours or trading as investors turned cautious ahead of Thursday's release of the October consumer price index. A surprisingly weak reading on producer prices on Tuesday fueled market hopes that the Fed is done with raising rates.
"We couldn't hold those big gains ahead of the CPI," said Art Hogan, chief market strategist at Jefferies & Co. "We also have to digest a lot if you look at how far and how fast we've moved over the past few days, weeks, and months."
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Crude near $59, up 1%, DOW up 25 pts.
will DOW stay above water end of the day?
Nov. 15 (Bloomberg) -- Manufacturing in New York state unexpectedly accelerated in November to the fastest pace in five months, countering evidence of slowing in other parts of the country.
The Federal Reserve Bank of New York's general economic index rose to 26.7, the highest since June, from 22.9 in October. A number greater than zero signals most manufacturers reported business is getting better.
Business investment in new equipment is keeping factories busy, helping limit the drag on the economy from declining auto production and a slowdown in housing. The report backs Fed expectations that the economic expansion will settle into a ``moderate pace'' of growth in coming months.
``Manufacturing is OK right now,'' said Joel Naroff, president of Naroff Economic Advisors in Holland, Pennsylvania. ``Demand in most industries is in line with general economic growth, which is neither strong nor weak.''
The New York Fed's index was projected to fall to 15, according to the median forecast of 48 economists surveyed by Bloomberg News. This month's reading surpassed the highest economist estimate.
US market GREEN .... Dow up 16 points while Nasdaq up 9 points now. Last month's FOMC minutes out at 3.15am tonite.
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U.S. stocks open higher on New York data, Altria upgrade
By Nick Godt
Last Update: 9:34 AM ET Nov 15, 2006
The performance of the stock market going forward will depend largely on whether the economic data released later this week -- including the Consumer Price Index, housing starts and industrial production -- come in strong or weak.