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The posting topic is "DOW & STI" so . . . how about STI ?
Blastoff ( Date: 02-Sep-2010 08:01) Posted:
September surprise: Stocks soar By Ben Rooney, staff reporterSeptember 1, 2010: 5:56 PM ET
NEW YORK (CNNMoney.com) -- The bulls are back on Wall Street. After a bearish August, stocks roared into September with a major rally Wednesday, as investors cheered signs of strength in the manufacturing sector.
The Dow Jones industrial average (INDU) gained 256 points, or 2.2%.The S&P 500 (SPX) soared 31 points, or 2.9%. The Nasdaq (COMP) composite rallied 63 points, or 3%.
Stocks rallied right out of the gate as investors welcomed a rebound in Chinese manufacturing and robust economic growth in Australia. The advance kicked into high gear following an unexpectedly strong report on U.S. manufacturing activity.
The manufacturing data boosted industrial names and companies in the materials sector. Caterpillar (CAT, Fortune 500), United Technologies (UTX, Fortune 500), Boeing (BA, Fortune 500) all gained between 2% and 4%. Energy producers Exxon (XOM, Fortune 500) and Chevron (CVX, Fortune 500) also rose as oil prices spiked 3%.
But the rally was broad-based. Six stocks gained for every one that fell on the New York Stock Exchange. All 30 Dow components closed higher, with Bank of America (BAC, Fortune 500) gaining over 6%.
While the improvement in manufacturing allayed some concerns about the U.S. economy, traders said the market remains vulnerable given the uncertain outlook for growth this year.
Investors shrugged off a weaker-than-expected report from payroll processing firm ADP, which is widely seen as a leading indicator for Friday's jobs report from the Labor Department.
"This market is looking for something to grab on to," said Mark Luschini, chief investment strategist for Janney Montgomery Scott. "And for the moment it's manufacturing."
The focus could shift to jobs Thursday morning when the government's weekly report on initial claims for jobless benefits comes out. Investors will also take in the latest readings on factory orders and pending home sales shortly after the market opens.
"The manufacturing number is nice to hang your hat on, but the state of the consumer is still paramount for what's happening in the economy, " said Luschini.
The major gauges ended Tuesday's session essentially unchanged, closing out a lackluster August. Stocks typically start September strong, but often end on a weak note due to end-of-the-quarter movements by mutual funds.
Economy: The Institute for Supply Management's (ISM) said its index of manufacturing activity rose to 56.3 in August. Economists were expecting the index to edge lower. Any number above 50 indicates growth in the sector.
Meanwhile, payroll processing firm ADP reported that employers cut 10,000 jobs in August. Economists were expecting private sector employers to add 13,000 jobs during the month, after adding 37,000 in July.
A separate report showed that planned job cuts plummeted to a 10-year low in August, as employers shed 34,768, down 17% from the previous month, according to outplacement firm Challenger, Gray & Christmas.
The reports come two days before the government's monthly report on jobs and unemployment. Economists expect the government to report that the economy lost 120,000 jobs in August, after employers cut payrolls by 131,000 in July. The unemployment rate is expected to edge up to 9.6% from 9.5%.
Other reports on Wednesday included construction spending, which fell 1% in July, versus a forecasted 0.7% decline.
Companies: General Motors, Ford Motor (F, Fortune 500) and Toyota (TM) all reported disappointing sales Wednesday, kicking off what is expected to be the worst August for industrywide auto sales in 27 years.
The drop in auto sales is partly a result of tough comparisons to the Cash for Clunkers program of last summer.
Shares of Burger King Holdings (BKC) jumped 14%, following a report that the fast food chain is considering a possible sale to buyout firms. The Wall Street Journal reported that that private equity firms that have expressed interest in buying Burger King include Britain's 3G Capital Group.
Apple's (AAPL, Fortune 500) stock was up 2.8% as the company held its annual music-themed special event. CEO Steve Jobs is expected to unveil its newest iPods and advances in the iTunes music store.
Shares of BP (BP) climbed 3.7% as the oil giant said it has agreed to sell its interests in ethylene and polyethylene production in Malaysia to government-owned Petronas for $363 million in cash.
World markets: European shares closed sharply higher. The FTSE 100 in Britain jumped 2.7%, the CAC 40 in France added 3.8% and the DAX in Germany gained 2.7%.
In Asia, Japan's benchmark Nikkei index gained nearly 1.2%, rebounding after hitting a 16-month low on Tuesday, and the Hang Seng in Hong Kong rose 0.4%. The Shanghai Composite fell 0.6%, despite a report that showed China's manufacturing sector bounced back in August after several months of slowing.
Currencies and commodities: The dollar fell against the euro and the British pound, but rose versus the Japanese yen.
Currency trading volume around the world has hit $4 trillion a day, a 20% jump compared to 2007, said the Bank of International Settlement.
Oil futures for October delivery rose $2.08 to $74.03 a barrel. Gold for December delivery fell $2.20 to $1,248.10 an ounce.
Bonds: The yield on the 10-year Treasury note rose to 2.58% from 2.48% late Tuesday. |
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STI 3,200 is imminent !
iPunter ( Date: 02-Sep-2010 08:50) Posted:
Last night, funds bought up the Dow 2.5%
on the first day of September 2010... 
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Let us keep buying together! Ha . ha . . ha . . .
Richman ( Date: 23-Jun-2010 15:37) Posted:
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I am holding this counter for long. Sure to make handsome profit.
Vested and planning to buy more.
Hulumas ( Date: 23-Jun-2010 15:36) Posted:
| That is what you see now, as generally speaking when price level at extremely low, market sentiment is low too, hence illiquid (at thinly traded stage), while sentiment comes when market discover it is a hidden GEM, then you may easily go out at heavy traded stage and the price level has been self adjusted by market at handsome huge % gain too! That is all about common market price mechanism rhythm! Precision forcasting of its business prospective in the coming near future will play major important role |
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Beware, it is bottom out @ Sgd. 0.065 I suppose! I keep buying as much as I could afford.
rickytan ( Date: 31-Oct-2006 15:38) Posted:
| thank you, yen yen... no wonder price plunge ! |
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Yes, it goes without saying!
noonelikeme ( Date: 01-Sep-2010 14:10) Posted:
STI 3000 ??
Then
STI 3200?
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>Sgd. 21.00 start selling.
alexchia01 ( Date: 01-Sep-2010 14:05) Posted:
Today is a Good Day to Buy SIA.
Currently trading at $15.26.
1. Price is in an Uptrend Channel with potential high of $16.40.
2. Just bound off its support level of $15.10, a signal that it's heading up.
3. Although MACD lines have not reverse up yet, but huge Buy In volume today convince me that it's going to reverse soon.
4. Stochastic has crossed and just begin to move up. Still in Oversold region, a good time to start Buying.
5. Revenue, Profit and Cash Flow for QoQ and YoY are good. Although profit for 2009 was weak, but with the 2 IRs opening and YOG promotion of Singapore. I'm expecting this year's profit to be very good.
This is just my personal analysis. You invest at your own risk.
Good luck to all.
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POOR performance !
pharoah88 ( Date: 01-Sep-2010 12:10) Posted:
SMX
Singapore Mercantile Exchange
31st AUGUST 2010 Tuesday
4 CONTRACTS dOne |
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CHINA JISHAN
pharoah88 ( Date: 01-Sep-2010 12:13) Posted:
| stOck pIcks & stOck cAlls |
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How about STI ?
Blastoff ( Date: 01-Sep-2010 06:54) Posted:
Stocks end August with a whimper By Ben Rooney, staff reporterAugust 31, 2010: 5:41 PM ET
NEW YORK (CNNMoney.com) -- Stocks were little changed at the end of a choppy session Tuesday, closing out a lackluster August for the market as investors weighed meeting minutes from the Federal Reserve against upbeat economic reports.
The Dow Jones industrial average (INDU) gained 4 points, or less than 0.1%. The S&P 500 (SPX) edged up less than 1 point. The Nasdaq (COMP) composite lost 6 points, or 0.3%.
All three indexes posted monthly declines. The Dow lost about 4.3% in August, while the S&P 500 fell 4.7%, and the Nasdaq slumped 6.2% in the month.
The lackluster performance in August came after stocks rallied 7% in July on strong profit growth from major U.S. corporations. But the market is still down for the year. The Dow has lost nearly 4% so far in 2010.
On Tuesday, stocks were supported earlier in the session by a larger-than-expected rise in consumer confidence and a jump in U.S. home prices. But the tone turned bearish late in the day after the Fed released minutes from its Aug. 10 meeting.
The minutes raised concerns that the central bank may not take steps to support the faltering economic recovery unless conditions deteriorate significantly, said Dan Cook, senior market analyst at IG Markets.
"The market was anticipating that they would get in with a bit of a slowdown," he said. "But the minutes suggest that things will have to get a lot worse."
Cook said trading will probably remain volatile as investors await key economic reports due later this week, including the government's closely watched monthly jobs numbers on Friday.
"It's hard to be long or short ahead of the non-farms payroll report," he said.
Investors have been focused on the outlook for the U.S. economy recently as the nation's growth has slowed. In particular, they are worried that the weak job market will continue to weigh on consumer spending -- which drives the bulk of economic activity.
Economic reports due Wednesday morning include an index of nationwide manufacturing activity and a report on private sector job cuts in August. In addition, major automakers report August sales figures throughout the day.
The uncertainty surrounding the economic outlook and historically low trading volumes led to increased turbulence on Wall Street during August. The CBOE Market Volatility Index, or VIX (VIX), rose more than 18% in August to 26.05.
Trading volumes continued to be light Tuesday with many market participants on vacation this week. Stocks dropped more than 1% in thin trading Monday.
Economy: Investors welcomed a slight improvement in the economic news Tuesday with better-than-expected readings on consumer confidence and home prices.
The Conference Board's index of consumer confidence rose to a reading of 53.5 in August from an adjusted 51 in July. Economists were expecting the index to come in at 50, according to consensus estimates from Briefing.com.
The rebound in confidence numbers was attributed mostly to an improvement in how consumers view the short-term economic outlook, the Conference Board said. Meanwhile, the weak job market continues to darken their long-term view.
"The comfort in this release is that confidence did not fall further," said Paul Dales, an economist at Capital Economics. "But there are few signs that households will ramp up their spending."
Separately, the Chicago PMI, a regional reading on manufacturing activity, fell to 56.7 in August. That's down from 62.3 in July and slightly weaker than expected. Economists were looking for 57 in August.
Before the market opened, a report showed that national home prices jumped a substantial 3.6% in the past year, versus a forecasted 3.1% gain. The S&P/Case-Shiller Home Price Index also showed that prices climbed 4.4% in the second quarter, compared with a 2.8% plunge in the first quarter.
Investors are especially wary ahead of Friday's big employment report, which is expected to show that the economy lost jobs for a third month in a row in August.
Economists expect employers to have shed 120,000 jobs in August, after cutting payrolls by 131,000 in July. The unemployment rate is forecast to creep up to 9.6% from 9.5%.
Companies: Technology shares came under pressure after research firm Gartner lowered its forecast for PC sales in the second half of 2010, citing an uncertain economic outlook in the United States and Europe.
The Philadelphia Semiconductor Index, or SOX (SOX), fell nearly 2%.
Monsanto (MON, Fortune 500) fell almost 6% after the company warned that its fiscal year earnings per share will be at the lower end of its forecasted range. The agribusiness giant said it expects to earn between $2.40 and $2.45 a share this fiscal year. Analysts surveyed by Thomson Financial expect $2.48 per share.
Shares of Saks Inc. (SKS) spiked 20% after a report from the Daily Mail said a group of U.S. and U.K. private equity companies may soon bid $1.7 billion, or $11 per share, for the high-end retailer.
Data-storage company 3PAR (PAR) rose nearly 1% as a Reuters survey revealed that most analysts and investors expect Dell (DELL, Fortune 500) to bow out of the bidding war with Hewlett-Packard Co. (HPQ, Fortune 500) Dell has until Wednesday to match HP's $2 billion bid for 3PAR.
World markets: European shares closed higher. The CAC 40 in France edged up 0.1%, the DAX in Germany rose 0.2%, Britain's FTSE 100 gained 0.4%.
Asian markets ended lower. Japan's benchmark Nikkei index sank 3.6% to a 16-month closing low. The Shanghai Composite decreased 0.5% and the Hang Seng in Hong Kong lost 1%.
Meanwhile, India's economy grew by 8.8% during the three months ended June 30. That compares with 8.6% during the previous quarter and 6% growth during the same quarter a year ago.
Currencies and commodities: The dollar edged lower against the euro and the Japanese yen but was higher versus the British pound.
Oil futures for October delivery fell $3 to $71.70 a barrel. Gold for December delivery gained $11.10 to $1,250.30 an ounce.
Bonds: The yield on the 10-year Treasury note fell to 2.48% from 2.54% late Monday. |
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I get your essential point!
pharoah88 ( Date: 31-Aug-2010 17:52) Posted:
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>Sgd. 1.75 I stop buying any more. Awaiting and arranging for exit strategy!
victorf ( Date: 01-Sep-2010 11:52) Posted:
analyzing Genting again....if you have bought Genting when it consolidate from $1.68 down to $1.4 plus, then congrats....it broke $1.43 - $1.68 wave up after two tries, and now in wave of $1.68 - $2 with $1.80 as intermedidate resistance ($1.80 can be ignored unless you perform intra day trading)....any drop in price near $1.68 is a buy and any price up near $2 is a sell....unless it break down or break up the $1.68-$2 wave convincingly....good luck :)
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Genting is played according to script....now in wave $1.43 - $1.68 after broken $1.32 - $1.43 wave...once break $1.68, it will head towards wave $1.68 $2....any price near to $1.43 is a buy and any price near to $1.68 is a sell for trading (unless $1.68 is broken convincingly, then it will head towards $2)....intermediate weak resistance at $1.58 and weak support at $1.50 (both can be ignored unless you perform intra day trading).....good luck :) |
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Well, in some extent you may be right!
cathylmg ( Date: 01-Sep-2010 11:52) Posted:
Not invest. Speculate to be precise. These sophisticated foreigners knows where to follow the hot money...
Hulumas ( Date: 01-Sep-2010 11:47) Posted:
| Do you think Singapore is the first choice for foreigners to invest in properties? Other countries might be much more attractively worth than Singapore, especially in term of quality and price |
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Do you think Singapore is the first choice for foreigners to invest in properties? Other countries might be much more attractively worth than Singapore, especially in term of quality and price!
cathylmg ( Date: 01-Sep-2010 11:26) Posted:
Foreigners without Singapore IC of any kind. They come in, buy, market up, sell, move on....
niuyear ( Date: 01-Sep-2010 11:24) Posted:
Which group of 'Singaporeans' are you targeting to buy your Orchard aread property?
1st group - those just obtained pink i/c
2nd group - PRs
3rd group - true blue local singaporeans
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1. I do not intend to sell any single share of my holding to them!
2. Please do so, if only you could do so! I do not mind!
3. I patiently wait for your favourable reply!
niuyear ( Date: 01-Sep-2010 10:31) Posted:
May be they buy up all your stock holdings ........hahaha!
I help you to write to US president and ask him : HOW?
Wait for my good news. |
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Now then it is really the right time to go in and accumulate as much as you can comfortably afford, while the offer price is as low as Sgd. 0.07 0r 0.065. No longer at Sgd. 0.175! Ha . ha.. ha...
sticw060629 ( Date: 16-May-2007 13:18) Posted:
Today unifood flirt with 17.5cts and bounced back to 18cts support... time to take a closer look...  |
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By doing so, indirectly it is simply on the other countries expenses ! Other countries can't not afford to let US to do so. Then HOW ?
boyikao3 ( Date: 01-Sep-2010 10:30) Posted:
Simple. BUY MORE ASSESTS ! MORE TOXIC ASSETS IOUs ! Then it will be a better world....
Hulumas ( Date: 01-Sep-2010 10:22) Posted:
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To be conservative is about Sgd. 1.0 as I said before.
New123 ( Date: 01-Sep-2010 10:27) Posted:
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HOW ?
niuyear ( Date: 31-Aug-2010 20:17) Posted:
See below, Perhaps,they may act out of a sudden ,.......amdist the stock correction.......be prepared.
Bernanke Says Fed Will Act To Boost Economy If Conditions Worsen
(RTTNews) - Amid slower than predicted economic growth, Federal Reserve Chairman Ben Bernanke said Friday that the Fed would deploy additional tools to promote growth if conditions worsen further.
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Sorry STI should read 16,000. instead of 1,600.
Hulumas ( Date: 31-Aug-2010 12:04) Posted:
Thank you for the correction. It should be STI 1,600 then corresponding DOW at 36,000.-
pharoah88 ( Date: 31-Aug-2010 11:59) Posted:
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stI 10,800
[STi 3,000 x 3.6 = 10,800 stI]
[dOw 10,000 x 3.6 = 36,000 DOW] |
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Yes, Sgd. 1.0 is imminent.
tea444u ( Date: 31-Aug-2010 01:10) Posted:
creeping up slowly day by day...10.5 cents dividend to be declared.... |
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About Hulumas
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