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Dow Jones, Discussion
veeone
post Posted: Nov 9 2012, 08:17 AM
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U.S. stocks declined, extending losses since the re-election of President Barack Obama and sending the Dow Jones Industrial Average to the lowest level since July, amid concern about Greece's financial aid payment.
Apple Inc. (AAPL), the world's most valuable company, retreated 3.6 percent, extending its plunge since its September high to 23 percent. McDonald's Corp. (MCD), the world's largest restaurant chain, dropped 2 percent after its monthly store sales declined for the first time in nine years. Prudential Financial Inc. (PRU), the second- largest U.S. life insurer, decreased 4.8 percent after lowering its assumptions for equity and bond returns.
The Standard & Poor's 500 Index declined 1.2 percent to 1,377.51 at 4 p.m. New York time, dropping 3.6 percent in two days, the biggest slump in a year. The benchmark gauge for U.S. equities fell below its average price of the last 200 days of 1,380.71. The Dow sank 121.41 points, or 0.9 percent, to 12,811.32. Volume for exchange-listed stocks in the U.S. was 6.9 billion shares, or 15 percent above the three-month average.
"It's hard bargaining for Greece," said Alan Gayle, a senior strategist at RidgeWorth Capital Management in Richmond, Virginia, which oversees about $47 billion. "The risk of a recession is still out there. Apple might be a victim of its own success because it's risen so much. With its huge market cap, as Apple goes, so goes the broader market."
Equities extended yesterday's tumble as investors' focus turned to the budget debate and Europe's debt crisis following President Obama's re-election. Energy, financial and technology shares had the biggest declines in the S&P 500 in two days, falling at least 4.2 percent.

Under Pressure

Euro-area finance ministers may not make a decision on unlocking funds for Greece until late November as they await a full report on the country's compliance with the terms of its bailout, a European Union official said.
Greek Prime MinisterAntonis Samaras mustered support in Parliament to approve austerity measures needed to unlock bailout funds, in a tense vote that weakened his majority after the expulsion of seven dissenting lawmakers. The European Central Bank kept interest rates on hold today as the economic outlook worsens and Spain resists asking for a bailout that would open the door to ECB bond purchases.
"We're not out of the woods yet," German Finance Minister Wolfgang Schaeuble said in Hamburg today. "At the moment, I don't see how we can take the decision already next week."
http://www.bloomberg.com/news/2012-11-08/u...comm-gains.html

 
blueice
post Posted: Mar 19 2010, 07:54 AM
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Interesting read - you make up your mind.....................Click on the link below for the full article

(Reuters) - With U.S. stocks pressing up against 17-month highs, the inevitable question arises: "Does this rally have legs?"

From one perspective, things couldn't look rosier for the bulls. The S&P 500 touched another 17-month high on Wednesday, breaking through levels analysts identified as significant resistance. More stocks in the S&P are hitting fresh 52-week highs than at any time during the course of the rally.

But the steady rise in the last six weeks has been accompanied by middling volume and underperformance in key areas, such as semiconductor companies. Market technicians and strategists believe the current run is overbought, suggesting at least a near-term pullback.

"What we are seeing represents a very defensive stance among investors," said Mike O'Rourke, chief market strategist at BTIG, an institutional brokerage firm in New York. "You are seeing investor disinterest in equities and that's why volume is languishing here."

This week's consolidated volume has been telling. With major averages hitting recovery highs, Monday marked the third slowest volume day of 2010 when about 7.24 billion shares traded on the combined New York, American and Nasdaq stock markets, below last year's estimated daily average of 9.65 billion.

The tepid volume suggests a lack of broader conviction, and is a sign momentum is mostly behind the latest run-up rather than any broad-based accumulation of stocks.

http://www.reuters.com/article/idUSTRE62H53620100318

 
blueice
post Posted: Jan 22 2010, 11:08 AM
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Interesting read..............I'll just post the link


SCENARIOS: How Obama's bank reforms could affect banks
NEW YORK (Reuters) - President Barack Obama is looking at limiting risk-taking at banks.

But his proposals on Thursday were tantalizingly vague. He said he wanted to limit the amount of borrowing that banks can do relative to their peers and limit their trading activities to buying and selling securities to customers.

But it is not clear whether relative borrowing limits will be low enough to force banks to reduce their debt. And the line between buying and selling securities on behalf of customers, and doing so on behalf of the bank, can be blurry.




http://www.reuters.com/article/idUSTRE60L05G20100122

 
blueice
post Posted: Nov 27 2009, 08:58 AM
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When these Americans get back to work they will find their turkey has been well and truly STUFFED....................

 
Trading4Success
post Posted: Nov 13 2009, 05:59 AM
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just looking at next weeks market data that's being released.

it's a busy week with many important releases.

see link below.

http://mam.econoday.com/byweek.asp?day=16&month=11&year=2009&cust=mam



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FYI..I trade the Technicals NOT the Fundamentals.
 
Trading4Success
post Posted: Nov 13 2009, 05:12 AM
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In Reply To: Trading4Success's post @ Nov 12 2009, 11:49 AM

Jobless Claims

Consensus 512K

Actual 502 K

which was in the consensus range.

Highlights

Jobless claims continue to come down. Initial claims fell 12,000 in the Nov. 7 week to a level of 502,000 (prior week revised 2,000 higher to 514,000). The four-week average shows the progress that's underway, down 4,500 to 519,750 for the lowest level since last November. Continuing claims extended their long downward trend, falling a very large 139,000 to 5.631 million (Oct. 31 week). Though some of this improvement may reflect new hiring, much of it unfortunately reflects the expiration of benefits. The number receiving extended benefits fell 28,243 to a level of 523,061, while those receiving emergency compensation rose more than 20,000 to 3.52 million (both Oct. 24 week). The unemployment rate of insured workers continues to fall, down another tenth to 4.3 percent and in big contrast to total unemployment which has continued to rise, jumping to 10.2 percent in October. Unemployment remains high but initial jobless claims are definitely improving in what is a big plus for the labor outlook. Though better than expected, today's report is having no initial impact on financials markets.



Market Consensus Before Announcement

Initial jobless claims declined 20,000 in the October 31 week to 512,000. The pace of layoffs has been on a downtrend as the four-week average was down for the ninth straight week, 3,000 lower at 523,750. Continuing claims are also declining but here the change is likely a negative, due largely to the expiration of benefits. Continuing claims, in data for the October 24 week, fell 68,000 to 5.886 million for the seventh decline in a row.





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FYI..I trade the Technicals NOT the Fundamentals.
 


Trading4Success
post Posted: Nov 12 2009, 11:49 AM
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Jobless Claims

Consensus 512K

Consensus Range 495 K to 525 K.


any thoughts on where it will come in tonight..

the market has been cautious over the past couple of night with the Dow just getting arcoss the line.

anything above 512K i suspect the market will not be happy.

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FYI..I trade the Technicals NOT the Fundamentals.
 
blueice
post Posted: Nov 4 2009, 08:49 AM
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Does this man know what he is doing??? (a light humour comment).............the last time he bought big, the markets plunged not long after...........................mmmm, we'll see


U.S. stock market gets positive message from Buffett

Equity analysts: Deal for Burlington Northern a bet on economic recovery
Nov. 3, 2009, 4:32 p.m. EST

By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- Berkshire Hathaway Inc.'s blockbuster deal for Burlington Northern Santa Fe Corp. should offer a positive jolt to the broader U.S. stock market, which tends to follow the lead of the transportation sector.


http://www.marketwatch.com/story/us-stock-...fett-2009-11-03

 
Trading4Success
post Posted: Nov 4 2009, 07:15 AM
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Dow...down -17.53 (-0.18%)

S&P500...up +2.53
(+0.24%)

interesting night over in the U.S

the Dow & S&P500 basically went sideways, but at the end of the day the S&P500 just managed to close in the green by a whisker.

on market data news:

Motor Vehicle Sales

Highlights

Consumers were out buying vehicles in October, at a 7.8 million annual unit rate that's more than 15 percent better than September's rate. The gain looks to add at least several billion dollars, or roughly one percentage point, to October's retail sales comparison with September. What's impressive about the results is that consumers, despite the weak jobs market and despite low spirits, didn't need cash-for-clunker rebates to commit to new vehicle purchases. Chain-store reports on Thursday will add the next piece to the retail sales puzzle.


Market Consensus Before Announcement

Sales of domestic light motor vehicles fell a whopping 33.8 percent in September to an annualized a 6.62 million annual rate compared to August's stimulus-boosted 10.00 million. Combined domestic and import makes of cars and light trucks dropped to an annualized 9.22 million units from 14.09 million in August.









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FYI..I trade the Technicals NOT the Fundamentals.
 
Trading4Success
post Posted: Nov 3 2009, 07:40 AM
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up last night +76.71 (+0.79%)

i'll still leaning towards bullish side of the scales.

as i said the other day "no need to panic", just keep a close eye on things.

DOW 8 MONTHS DAILY
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FYI..I trade the Technicals NOT the Fundamentals.
 
 


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