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singaporegal
Supreme |
04-Sep-2006 09:06
Yells: "Female TA nut" |
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Yah... I think September to March period is statistically a good time for trading. |
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billywows
Elite |
04-Sep-2006 00:05
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Yup, Nostradumus ... But volumes were low during the summer break in US markets. I believe this September is a 'rally' month somehow when investors are back in force - full force. Let's see what happen on Tuesday. Shiok! | ||||||||||||||||||||||
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Nostradamus
Supreme |
03-Sep-2006 20:36
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As the month moves along equities are vulnerable to investors looking to take money off of the table after one of the best August performances in many years. | ||||||||||||||||||||||
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billywows
Elite |
02-Sep-2006 23:01
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MARKET SNAPSHOT
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Nostradamus
Supreme |
02-Sep-2006 21:07
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The month of September started on an upbeat note thanks to a batch of economic data that validated the Fed's soft landing scenario. Specifically, the ISM Index, which is a gauge of national manufacturing activity slipped to 54.5 from 54.7 in the prior month. A number above 50 reflects expansion, but the August reading clearly marked a deceleration from the 57.3 level seen in April. The market's focal point from an economic perspective, though, was the August employment report and its Goldilocks appearance.
Nonfarm payrolls were in line with the consensus estimate and consistent with the recent trend reflecting a moderation in job growth. More importantly, hourly earnings were up just 0.1% in August versus the market's expectation for an increase of 0.3%. While that left the year-over-year increase at 3.9%, it was viewed favorably in the context of recent inflation reports, like the core-CPI and core-PPI data, that suggested the Fed is likely to refrain from raising interest rates at its September 20th FOMC meeting. |
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tanglinboy
Elite |
02-Sep-2006 16:14
Yells: "hello!" |
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Wah! Shiok liao! Dow hits 3 month high! Dow hits three-month high
Blue-chip gauge closes at highest since May 11 on perfectly balanced job numbers; oil slips.
NEW YORK (CNNMoney.com) -- Stocks kicked off September with a rally Friday that pushed the Dow industrials to their highest close in more than three months after a report pointed to solid-enough job growth to suit Wall Street and only mild wage inflation. The Dow Jones industrial average (up 83.00 to 11,464.15, Charts) jumped 0.7 percent, pushing the world's most widely watched stock market gauge to its highest close since May 11. |
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billywows
Elite |
02-Sep-2006 09:27
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Saturday September 2, 6:45 AM
Stocks may climb after Labor DayBy Vivianne RodriguesNEW YORK (Reuters) - U.S. stocks may gain and trading volume may rebound as Wall Street goes back to work after the Labor Day holiday, and as investors bet the Federal Reserve will keep rates unchanged at its next meeting. The last week of August was marked by a blitz of economic data that showed a drop in consumer confidence, a gradual slowdown in the pace of growth in the manufacturing sector and a moderate increase in jobs. But at the same time, oil prices fell below $70 a barrel and an upward revision of second-quarter GDP figures encouraged some investors. |
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billywows
Elite |
02-Sep-2006 01:02
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Dow up 81 points and Nasdaq up 13 points now. Monday is a holiday in US (Labor Day) - kinda mark the end of summer. Investors will be back in force after next Tuesday .... Watch out September rally! Shiok! |
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teeth53
Supreme |
02-Sep-2006 00:37
Yells: "don't learn through life, learn to grow with life " |
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http://finance.yahoo.com/ Stocks Rise on August Jobs Report AP Come Mon STI, can test 2,500 !, very likely but will be alittle boring. |
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Nostradamus
Supreme |
01-Sep-2006 22:28
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Stocks rose in early trading after the Labour Department said the economy added 128,000 jobs in August, signaling that an economic slowdown might not be as severe as some have predicted. The added jobs, slightly more than the 125,000 economists expected, brought down the country's unemployment rate to 4.7% from a five-month high of 4.8% in July. The department also said that during the past 12 months, wages grew by a strong 3.9%. The last time the figure was higher was in June 2001. However, Dow started falling when the construction spending was released. Construction spending plunged by the largest amount in nearly 5 years, reflecting spreading weakness in the housing industry. The Commerce Department reported Friday that construction activity dropped to a seasonally adjusted annual rate of US$1.20 trillion in July, down 1.2% from the June level. It was the biggest one-month decline since a 1.3% fall in August 2001, when the country was mired in the last recession. The decline was far worse than the unchanged level of activity that Wall Street forecasters had been expecting. It served to underscore that the Federal Reserve's two-year campaign to raise interest rates to slow the economy was having a significant impact on construction, one of the most interest-rate sensitive sectors of the economy. The July decline, which followed a 0.4% increase in June, was led by a 2 % fall in private residential construction. It was the fourth consecutive decline in residential construction and the biggest drop since January 2002, providing dramatic evidence that the nation's five-year housing boom has come to an end. |
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billywows
Elite |
01-Sep-2006 06:06
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billywows
Elite |
31-Aug-2006 21:28
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Big Ben giving a speech today .... ----------------- Investors are awaiting the latest Chicago manufacturing and factory orders surveys, as well as a speech by Federal Reserve Chairman Ben Bernanke. They are anxious to learn how Iran responds to a U.N. demand that it halt its uranium-enriching activities on Thursday.
The futures contract for the Dow Jones Industrial Average last was up 13 points at 11,403.
Futures contracts for the S&P 500 and the Nasdaq 100 were 1.80 point higher at 1,306.90 and up 2.2 points at 1,586.8.
On Wednesday stocks closed mainly higher, with investors cheering weaker Treasury yields that they hope could signal an end to Federal Reserve interest rate increases.
"The main focus today is the economic numbers," said Peter Cardillo, chief market strategist at S.W. Bach. "Oil prices are higher due to the Iran news. But I think that is already priced into the market. Iran is expected to defy the U.N. and that already is known."
"Bernanke might be the surprise of the day," Cardillo said. The Fed chief is scheduled to speak on productivity at lunch time.
"If he says that productivity is waning that obviously would turn the market's attention to inflation," Cardillo said. "If productivity falls you will get higher inflation.
Stock futures contracts improved after the Commerce Department said that core consumer inflation moderated in July - although inflation-adjusted consumer spending expanded at the fastest pace in 2006. See full story.
Core consumer prices rose 0.1% in July, the smallest gain since December. Economists were expecting a 0.2% gain.
Consumer spending rose 0.8% in July, the biggest gain since January. The number exceeded the 0.7% increase expected by economists surveyed by MarketWatch. The result has positive implications for the economy, as the consumer has long been one of its key drivers.
Personal incomes last month increased 0.5%, in line with expectations.
Separately, the Labor Department said jobless claims fell in the latest week but the four-week average of continuing claims were the highest since February.
The Chicago manufacturing and factory orders reports are both due at 10 a.m.
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Nostradamus
Supreme |
31-Aug-2006 21:00
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Consumers boosted their spending in July by the largest amount in six months, offering hope that the current economic slowdown may not be as severe as some had feared.
The Commerce Department reported that spending rose by a healthy 0.8 percent last month, double the 0.4 percent gain in June. Incomes also were up, rising by 0.5 percent in July, reflecting stronger wage growth. A gauge of inflation tied to spending showed that consumer prices, excluding energy and food, have risen by 2.4 percent over the past 12 months, the fastest rate of increase in nearly four years. That increase in inflation is above the Fed's comfort level for annual price gains of 1 percent to 2 percent and illustrates the competing forces the central bank is currently facing. In other economic news, the Labor Department reported that the number of Americans filing new claims for unemployment benefits dropped by 2,000 last week to 316,000. |
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billywows
Elite |
31-Aug-2006 20:26
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Following economic data to be released today in US .... the first 3 data in 4 minutes time.
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billywows
Elite |
31-Aug-2006 07:58
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Yalor, at least they closed GREEN! Shiok! Nasdaq up 0.6% .... all chip stocks up quite good last nite, but with low volume. CSM up 3% in Nasdaq last nite = looking at 1.28 -1.30 effortlessly in SGX today. |
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tanglinboy
Elite |
31-Aug-2006 07:35
Yells: "hello!" |
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Dow was flat last night! sian... | ||||||||||||||||||||||
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billywows
Elite |
30-Aug-2006 23:24
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Dow up 18 points while Nasdaq up 9 points now - with low volume again. Oil trading below $70 ......... Should be a boring but GREEN day. NEW YORK (MarketWatch) -- U.S. stock prices extended their gains Wednesday, propelled to session highs by weaker crude futures prices, as investors kept an eye on weak Treasury yields that could signal an end to Federal Reserve rate increases.
The market also absorbed news of an upward revision to second-quarter gross domestic product data that, while higher than the original estimate, was below economists' expectations.
There were more than 372 million stocks traded on the New York Stock Exchange, where rising stocks outnumbered falling shares by more than two to one. A little over 490 million shares traded in the Nasdaq market, with two issues trading higher for every one stock under pressure.
Stocks opened higher as Treasury yields dipped to multi-month lows, suggesting that investors are betting that the Federal Reserve also will send official rates lower.
The weaker yields "helped stocks at the opening, taking them near a new recovery level," said Steve Goldman, chief market strategist at Weeden & Co.
Gains later accelerated as crude futures turned lower after the Energy Department reported that crude supplies rose 2.4 million barrels to 332.8 million for the week ended Aug. 25, contrary to expectations for a decline.
The department also said motor gasoline inventories stocks rose for a second week in a row, up 400,000 barrels to total 206.2 million barrels. Distillate supplies climbed 1.3 million barrels to 136.8 million.
Although the stockpile increases were not large, all gains tend to send energy prices lower.
Also Wednesday, investors tried to make sense of the latest revision to second-quarter gross domestic product data.
The Commerce Department said gross domestic product for the second quarter was revised to a 2.9% annualized rate from an earlier estimate of 2.5%. MarketWatch, based on a survey of economists, had forecast an increase of 3%. See full story. |
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billywows
Elite |
30-Aug-2006 21:44
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Dow & Nasdaq really flat ........ | ||||||||||||||||||||||
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billywows
Elite |
30-Aug-2006 21:10
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MARKET SNAPSHOT The futures contract for the Dow Jones Industrial Average last was 13 points higher at 11,385.
Futures contracts for the S&P 500 and the Nasdaq 100 were 1.3 points at 1,306.40 and up 2.75 points at 1,578.75.
On Tuesday stocks finished higher, after investors focused on a drop in crude prices, looking past Federal Reserve monetary policy meeting notes that provided few decisive clues about the central bank's next interest rate move.
On Wednesday the market at its opening should take its clues from the latest revision to second-quarter gross domestic product data. However, the news had little immediate impact on pre-market activity.
"The main focus of the market going forward is the pace of inflation," said Peter Cardillo, chief market strategist at S.W. Bach.
"The market believes that inflation is slowing and the data is pointing to that," Cardillo said.
The Commerce Department said gross domestic product for the second quarter was revised to 2.9% annualized from the earlier estimate of 2.5%. MarketWatch, based on a survey of economists, had forecast an increase of 3%. See full story.
The revisions were largely due to higher investments in nonresidential structures, more inventory building and higher exports, offset by lower investments in housing.
The department said final sales were revised to 2.3% growth from 2.1%.
The inflationary implications of the report showed that growth in wages and salaries was revised nearly a third higher than the previous estimates. However, other key inflation data were revised marginally lower.
There are not other data reports Wednesday to lend direction to the markets.
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billywows
Elite |
30-Aug-2006 07:34
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Dow closed up 17 points while Nasdaq up 11 points ... Shiok! Lower oil price helped out. MARKET SNAPSHOT
NEW YORK (MarketWatch) -- U.S. stocks finished higher Tuesday, as investors focused on a drop in crude prices, looking past Federal Reserve monetary policy meeting notes that provided few decisive clues about the central bank's next interest rate move.
The notes showed that the Fed has cut its growth forecast, but also is leaving open the option of further rate increases.
Volume was a little more than 1.37 billion shares on the New York Stock Exchange, with 11 advancing shares for every 5 declining stocks. There were more than 1.62 billion stocks traded in the Nasdaq market, with 19 stocks gaining strength for every 9 under pressure.
"I think there are not that many people here this week and those participants that are here are choosing to be optimistic," said Robert Pavlik, portfolio manager at Oaktree Asset Management.
"The market shook off the Fed news to concentrate on oil being below $70 a barrel," he said.
The minutes of the Fed's August 8 meeting showed the bank's staff forecast below-trend growth over the next year and a half. That view apparently was a key factor in the central bank's decision this month to pause in its tightening program for the first time since June, 2004. See full story.
The notes also said that many" FOMC members saw the decision as a "close call" and agreed further rate hikes might be needed.
"It sounds like the Fed is keeping its options open," said Kenneth Tower, chief market strategist at CyberTrader.
The lowered growth expectations hint that more rate increases may not be needed, yet the Fed specifically said it might implement more hikes, Tower pointed out.
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