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synnexo
Veteran |
05-Jan-2008 16:25
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That guy think that he's smart & trying to show that he's proactive in the market. But then, he just copied the whole chunk of information & paste it in his thread. Wonder if he knows what's the meaning of copyright infringement or all rights reserved. |
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cashiertan
Elite |
05-Jan-2008 14:47
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There is a guy posting on US news, to be a real trader, we dun care much abt the news. We go for Charts. I was expecting for DOW to go up yesterday but it fell to low. Yes i am not correct this time round , if any trader tell u he is 100% correct u better dun believe. worst he may just post from someone's thread rather than his own analysis. har, anyway, quessing a market is 50/50. either correct or wrong. lol This is what i think of yesterday move. yes i was caught wrong as i am expecting yesterday to complete elliot wave min. b of WAVE 5. however it dip further thus i may have to redraw all my elliot wave analysis. Anyway, i based more on the nasdaq more than dow as nasdaq is the leading index for 2007. What happen yest, bad news: DOW dip till just abv the risng support trendline, becoz it is a friday, thus it may be profitaking. worrying thing is that volume is high. as it is just on the trendline, once broken, we will see it touch the 6 month low and once that is broken, most likely, recessioon for DOW. daily MACD is below zero line. this Weekly red candle is longest on closed on the lowest in 6 mths. 1st time Nasdaq closed for 2nd day in a row below 200 sma for 2007 . good news, Stoc is oversold, support on trendline. S&P on support line. DOW on weekly trendline support. suggest to sell/short when DOW, S&P and DOW close below their support. Look for sell/short trade than low. |
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huatah
Veteran |
04-Jan-2008 10:49
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Tks cashiertan.. |
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cashiertan
Elite |
04-Jan-2008 10:21
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Please take my below posting with a pinch of salt, i am not good enough to predict future prices but should be good enough to catch a major trend. Current DOW is in Range Bound (based on 6 mths chart) where it is neither down trend nor uptrend, Weekly look range bound, Daily chart look bearish on short term but hourly chart hint DOW may have currently bottomed( need confirmation tonite). as we know DOW movement directly affect the asian markets thus a need to know DOW movement to ensure we can enter or exit our market in advanced. |
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ghlau935
Veteran |
04-Jan-2008 07:53
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Business Times - 04 Jan 2008 CLOSING MARKET REPORT Market ends flat as attention turns to jobs NEW YORK - US stocks ended little changed on Thursday as anxiety that Friday's payrolls data may suggest the economy is headed into recession squelched earlier optimism over buoyant factory orders. The Dow Jones industrial average was up 12.76 points, or 0.10 per cent, at 13,056.72. The Standard & Poor's 500 Index was unchanged at 1,447.16. The Nasdaq Composite Index was down 6.95 points, or 0.27 per cent, at 2,602.68. The Nasdaq closed down for a fifth straight session, dragged lower by semiconductors. Intel Corp, the world's largest chip maker and a standout stock in 2007, shed 2.7 per cent, bringing its decline for the first two trading days of 2008 to nearly 8 per cent after Bank of America downgraded a handful of microchip makers on Wednesday. Intel shares fell 2.7 per cent to US$24.67. The Philadelphia Stock Exchange semiconductor index ended 1.4 per cent lower. The state of the job market grabbed investors' attention. A report by ADP Employer Services, which is watched closely as a precursor to Friday's monthly government jobs data, showed the private sector added 40,000 workers to payrolls in December, not far from analysts' expectations. The Labour Department also said the number of US workers filing new claims for jobless aid tumbled by 21,000 last week. Separately, the government said factory orders rose more than expected in November, in sharp contrast to a private group's data on Wednesday showing manufacturing activity had contracted in December. The benchmark 10-year US Treasury note was up 2/32, with the yield at 3.8994 per cent. Monsanto Co shares helped offset a decline in the S&P after the agricultural company nearly tripled its quarterly profit and raised its 2008 forecast. Shares of Monsanto rose 8.5 per cent to US$120.92. Manufacturers such as United Technologies Corp, the maker of Cessna corporate jets and Bell helicopters, rose after the government data on factory orders. United Tech gained 1.4 per cent to US$76.28 and was the top-weighted gainer on the Dow. The factory data failed to cheer auto makers, who broadly reported lower US sales for December. Shares of General Motors fell to a 19-month low after its chief executive said he sees no growth in 2008 US auto sales. GM shares were down 2 per cent at US$23.92 and were among the top drags on the Dow. Ford Motor Co stock fell 2.3 per cent to US$6.45 after reporting a 9 per cent decrease in sales last month. -- REUTERS |
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huatah
Veteran |
04-Jan-2008 07:20
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Wall Street closed narrowly mixed Thursday as investors traded cautiously ahead of the Labor Department's Friday reading on December employment. Inflation jitters remained high as oil prices set a new trading record above $100. The Labor Department said the number of newly laid off workers seeking unemployment benefits fell last week. But investors were mindful that these weekly readings can be volatile, and the latest reflected unusual factors related to the Christmas holiday. Wall Street has for weeks been holding out for Friday's December jobs snapshot. The Labor Department report should indicate whether the solid job market that existed last year can continue into 2008 and help sustain consumer spending. Meanwhile, oil set a fresh trading record of $100.09 a barrel on the New York Mercantile Exchange after government figures showed a larger-than-expected decline in crude oil inventories. Analysts said more expensive oil is stirring some concerns about rising prices in general and whether the Federal Reserve would still have room to lower interest rates. The Dow Jones industrial average rose 12.76, or 0.10 percent, to 13,056.72, after moving higher and lower over the course of the session. Broader stock indicators were mixed. The Standard & Poor's 500 index was unchanged at 1,447.17, and the Nasdaq composite index slipped 6.95, or 0.27 percent, to 2,602.68. "There was nothing that was really that helpful in the economic reports today. The jobless claims were a little bit better, but they're still in a sideways pattern ... and the four-week average keeps moving up," said Linda Duessel, market strategist at Federated Investors in Pittsburgh. Light, sweet crude, easing back from its record with the normal ebb and flow of trading, fell 44 cents to settle at $99.18 a barrel on Nymex. Bond prices rose as stocks retreated from earlier highs. The yield on the benchmark 10-year Treasury note, which trades opposite its price, dipped to 3.89 percent from 3.91 percent late Wednesday. The dollar was mixed against other major currencies, while gold prices rose. The market was waiting for Friday's jobs report because of the link between employment and consumer spending. A slowdown in spending among consumers fearful of losing their jobs, or not being able to find new ones, would be regarded as a heavy blow to the economy. The continuing rise in commodities prices, including a likely uptick in gasoline prices following spikes in oil, makes some investors nervous about the ability of consumers to keep spending apace. |
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huatah
Veteran |
04-Jan-2008 07:10
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Amid new worries about a possible recession, the housing slump and rising oil prices, President Bush is exploring an economic stimulus package to reinforce the U.S. economy and is closely monitoring economic trends and is seeking input from his economic advisers on the pros and cons of such a package.
On Friday, Bush will receive an update from a working group on financial markets, an interagency panel that meets regularly to discuss market conditions and regulatory policy. Treasury Secretary Henry Paulson is chairman of the group. The other members are: Federal Reserve Chairman Ben Bernanke; Chris Cox, chairman of the Securities and Exchange Commission; and Walt Lukken, acting director of the Commodity Futures Trading Commission. The Commerce Department reported Thursday that orders for manufactured goods rose by 1.5 percent in November, the biggest rise since a 3.4 percent surge in July. But the increase reflected higher petroleum prices and was not seen as a sign of renewed strength in the nation's manufacturing sector. The Federal Reserve cut a key rate three times last year. Many economists predict there will be more rate cuts to come to help energize a weakening economy. The president says he knows the public is frustrated and restless about the economy, and that his administration is trying to help people deal with their mortgage crises, energy bills and education concerns. If i m not wrong, he will be making some form of speech on 28th Jan. Bush will do everything it could so as not to kill himself during election.. |
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lancecsc
Member |
03-Jan-2008 23:03
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Dow is going up. Hope it ends higher. |
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singaporegal
Supreme |
03-Jan-2008 22:52
Yells: "Female TA nut" |
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Oil price reaches $100 ! |
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tanglinboy
Elite |
03-Jan-2008 08:18
Yells: "hello!" |
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Oh shucks.... Dow drops by 220 points last night |
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harryp
Veteran |
30-Dec-2007 14:53
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Watch out for the 50MA and 200MA getting closer for a cross-over. All it needs is just one more bad news. See link: http://stockcharts.com/charts/gallery.html?$INDU |
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Stupidbear
Senior |
30-Dec-2007 12:09
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Hey people, I've done a simple analysis on DJ, my view on www.bear-analysis.blogspot.com Do let me know your views on my analysis. Thanks! |
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Livermore
Master |
30-Dec-2007 10:36
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Hopefully this Fridays' key US job growth data will be alright and give a boost to the market |
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Manikamaniko.
Master |
30-Dec-2007 08:39
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I tend to agree with you too... I am biased towards a recovery of the Dow... |
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traderstudent
Member |
30-Dec-2007 01:57
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Dow should rebound off it's current level. It has tested the 200d MA and has successfully close above it for the
past 2 closings. Furthermore, the formation of a doji candlestick
suggest that a short-term bottom has been reached. Moreover, DJIA now
lies on a support trendline that was drawn connecting the prior two higher lows. The chart can be viewed at my blog @ here. |
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cyjjerry85
Elite |
30-Dec-2007 00:33
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hahah` yea...cut also get blasted...don't cut...they will also be blamed ...not an easy job man |
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huatah
Veteran |
29-Dec-2007 21:17
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Hmm... if my old memory doesn't fail me.. mid Jan FED having another review rite.. If so, based on de current situation.. they definitely had a hard hard time to make up their mind.. Cut.. inflation n oil px rise...Dun Cut.. Shares, economy, growth, etc down. at times.. really pity those guys.. |
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Hulumas
Supreme |
29-Dec-2007 16:58
Yells: "INVEST but not TRADE please!" |
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I personally think another surprised and timely rate cut should be on the card in the near term I suppose. |
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cyjjerry85
Elite |
29-Dec-2007 16:44
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but at least i think it's better to see the DOW end in a positive flat rate than in red...saw it dropped to -50 at one point but it managed to climb back up..tt's something to applaud |
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tanglinboy
Elite |
29-Dec-2007 12:20
Yells: "hello!" |
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Dow flat last night.... looks like the year will end in a fizzle... |
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