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Ya....hope can "smell" some lead early the morning after DOW closed.
I normally chase HSI and Nikkei. Hopefully can get some ang pow money from HSI tomorrow. : )
today DOW should enjoy a good run as oil fell below USD55. Bulls 1 Bears 0
hehe, yeah, thanks very much for the 'service' man. it's much appreciated by this elf! and i'm sure by fellow forumers too. :)
love the colours, btw.
Heehee! Not vested in US market as can't handle S'pore market liao, Elf ....
Maxsyn, iPunter, Tanglinboy and I just want to see what's up in US market every nite, which will impact Asian market the next day. This to update you guys here lor.
US market opens liao! .... Dow up 22 points and Nasdaq up 3 points! Shiok!
let see if it can close above 12500 again.
Yup, Singaporegal! Oil below USD 54 today .......
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FUTURES MOVERS
Pressure back on crude over weather, supplies
Oil is now down 11% since the beginning of the year
By Ciara Linnane, MarketWatch
Last Update: 8:52 AM ET Jan 9, 2007
NEW YORK (MarketWatch) -- Crude-oil futures tumbled anew early Tuesday, pressured by continued above-normal temperatures in the northeastern U.S. and expectations that this week's supply data will show the first increase in crude inventories in seven weeks.
Crude for February delivery last traded down $1.95, or 3.5%, at $54.14 a barrel in electronic dealings, after touching a low of $53.88 -- its lowest level since June 2005. The contract has lost a full 11% of its value since the beginning of the year.
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yeay the shiok master is back! keke.
billywows, are you invested in the US market or something?
A positive bias continues to hold in the futures trade, which should translate into a higher open for the indices. Tumbling oil prices remain the primary source of early support for investors. However, with BP plc (BP) saying Q4 production and profitability fell from a year earlier, further deterioration in oil also serves as a reminder that earnings estimates for the engine behind double-digit profit growth for the S&P 500 for so many quarters (Energy) will likely be revised lower. Thus, the subsequent loss of leadership throughout the Energy sector today may act as somewhat of an offset and minimize blue-chip gains.
Mostly due to the low oil prices I guess?
US market poised to open Higher ... Shiok!
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MARKET SNAPSHOT
U.S. stocks to trade higher at the opening
Investors hope for announcement about Apple's much-awaited phone
By Leslie Wines, MarketWatch
Last Update: 9:13 AM ET Jan 9, 2007
On Monday stocks closed higher, after comments by a Federal Reserve official helped soothe economic concerns.
The futures contract for the Dow last was up 33 points at 12,525. Futures contracts for the S&P 500 and the Nasdaq 100 were up 2.10 points at 1,424.60 and up 4 points at 1,807.5.
At Tuesday's opening, investors are expected to try to extend Monday's gains.
"The market wants to trade higher," said Art Hogan, chief market strategist at Jefferies & Co. "We haven't really had any upside so far this year. There are concerns about how much the economy is slowing. But I would say that we have run out of selling pressure."
"There is more good news than bad news," Hogan continued. "GE is looking to sell its plastics unit and there is the possibility that Gap will be taken out. And energy prices have stabilized at lower levels. In the long run, that has to be good for corporate earnings."
The fourth-quarter earnings season kicks off after the close of trade with Alcoa's latest results. The report will be scrutinized for clues about the severity of the manufacturing slowdown.
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Not that flat.... dow was up 25 points last night.
Looks like a FLAT market tonite with no economic data .... Earning season starts 2molo.
Dow down 21 points and Nasdaq up 2 points now ... The latter is stronger due to UBS upgrade of tech stocks today.
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MARKET SNAPSHOT
U.S. stocks mixed amid earnings jitters
Jitters ahead of earnings season offset rising commodities, deals
By Leslie Wines, MarketWatch
Last Update: 11:29 AM ET Jan 8, 2007
US market recovering now! Dow down 26 points and Nasdaq up 1 point ...
Dow down 49 points and Nasdaq down 9 points now ...
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NYC Fire Department investigating gas-like odor
By Michael Baron
Last Update: 10:14 AM ET Jan 8, 2007
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Monday 8 Jan 2007
Dow -53pts
MARKET SNAPSHOT
Commodities to set market tone next week
Stocks will be hurt if the carnage in the energy and metal pits continues
By Ciara Linnane, MarketWatch
Last Update: 10:24 AM ET Jan 6, 2007
Dow closed down 0.7% and Nasdaq down 0.8% last nite ... delayed report here. :P
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MARKET SNAPSHOT
U.S. stocks close lower; strong jobs fuel rate fears
Surprise strength in Dec. payrolls dims rate cuts hopes; Intel, Motorola weigh
By Nick Godt, MarketWatch
Last Update: 4:25 PM ET Jan 5, 2007
Full story here:
Dow is taking a correction i.e. a rest. It is too tired to climb further as the dollars continue to weaken in the market. Fed is looking out for a interest hike to strengthen the dollar or temporarily to cease the slide of the dollar.
who's worried?