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Dow's now +8.8pts
As you can see, the Dow is now -8.4pts... down from the earlier +50pts.
It is very likely to end negative today.
Looking at the same 6-month chart, you will see that the Dow is no more rising, but has been moving sideways for some time already...
Looking at the same 6-month chart, you will see that the Dow is no more rising, but has been moving sideways for some time already...
falling very steep but now doing U-turn
I you look at the Dow Chart (6-months) you will see that the latest top (head) is lower than the preceding top. This can be a sign of the Dow weakening.
Dow up 50 pts!! Cheers!
you think the Dow's still strong?
STI follows the Dow like its shadow.
This is to our advantage actually. We can roughly tell how the market will perform the next day based on the Dow.
This is to our advantage actually. We can roughly tell how the market will perform the next day based on the Dow.
The market's ominous... Dow or no Dow makes no difference now.
stay above 12300pts.
Dow closed down only 0.1%, while Nasdaq down 0.5% ... Not bad!
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MARKET SNAPSHOT
Stocks end lower after Fed keeps rates steady
Fed notes 'substantial cooling' in housing; keeps emphasis on inflation
By Nick Godt, MarketWatch
Last Update: 4:25 PM ET Dec 12, 2006
While some market participants hoped the Fed might open the door for eventual rate cuts next year, policymakers maintained a bias towards more tightening as they still see inflation as a risk.
"Their view on housing was recognizing something that everybody already knows," said John Norris, chief economist and senior fund manager at Morgan Asset Management.
Meanwhile, "the no change in the second part of the statement on inflation will leave some disappointed," he said.
The Dow Jones Industrial Average ended down 12.90 points at 12,315.58, off an earlier low of 12,252 but also beneath a morning high of 12,333.
The S&P 500 index fell 1.48 point to 1,411,56, while the Nasdaq Composite dropped 11.26 points to 2,431.60.
The market saw some heavy selling just ahead of the Fed decision and then bounced off its lows after the announcement.
"There were really no surprises," said Stephen Sachs, head of trading at Rydex Investments, explaining the short-lived bounce by the fact that "we had sold off to the degree we had before the announcement."
The Fed altered some of the language in its accompanying statement, "but the themes are the same -- yes, the economy has slowed and housing is a big drag, but inflation while elevated is under control. And the Fed is on hold for the foreseeable future," he said.
Caution had dominated trading ahead of the Fed meeting.
The Fed was widely expected to again leave interest rates unchanged but investors wanted to see whether central bankers would mention any of the weakness seen in recent economic data.
"Now, the Fed comments mean the market will again have to pay attention to the inflation numbers," such as the November consumer price index, to be released Friday, Norris said.
According to Michael Sheldon, chief market strategist at Spencer Clarke, "while expectations of lower rates next year are probably correct, the timing remains uncertain."
Trading activity will start thinning as U.S. markets head into the holiday season, he said.
Volume was recently 1.525 billion shares on the New York Stock Exchange and 1.972 billion on the Nasdaq. Decliners beat advancers 9 to 7 on the Big Board and 18 to 11 on the Nasdaq.
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Down 70.
be careful folks
ipunter.. just move away from the chart and go back after 230am.. it is not going to help much for tomolo... but it can help u drop less hair and less chance of getting heart attack..lolz
trust me ok?
Dow's -27pts
Dow -21pts
US market still reddish FLAT .... Dow down 12 points and Nasdaq down 5 points. Both waiting to chiong after 2:15am after close study of FOMC's statement. Hehee!
Dow's -18pts
Dow's -12.5
Dow's -8.6
Dow's -12pts.