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DOW
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CWQuah
Master |
20-May-2008 08:27
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Missed the top estimate by 3 pts (13136.7). Good break above 13000 psychological level. Still uptrend but there is some profit taking signs. Close is below 13030 resistance. For tonight, 13041, 13059 are the key resistances; beakthru these levels likely to be very bullish. Support at 13013 must not break. Day high estimated around 13180. Uptrend basis but enter slowly.
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cashiertan
Elite |
20-May-2008 04:23
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Dow still in the range play (channel) or whatver u call it. | ||||
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AK_Francis
Supreme |
20-May-2008 02:11
Yells: "Happy go lucky, cheers." |
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Q now loh, your wish leow. Cheers. | ||||
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jasonrxz
Senior |
20-May-2008 00:42
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Wow...... A Bull had been release since last week or two..... This bull is running too fast too furious..... Am also worry about the pace of it as it's really some jump in %...... Will enjoy the ride on this up trend roller coaster and will keep track on the latest happening.... All things seems too good to be true.... will this last for one more week??? Cheers... will see high VOL trades by end of tomolo closing cos alot of traders are waiting to enter this bull run since friday... huat ar...... (now D.J at 136pts gain!!!! Triple digit gain!!!!) 
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yipyip
Master |
20-May-2008 00:16
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AP Stocks jump as data forecast modest economic growth Monday May 19, 12:11 pm ET By Madlen Read, AP Business Writer NEW YORK (AP) -- Wall Street jumped Monday after a new report suggested to investors that the economy, while sluggish, is likely still growing. The Dow Jones industrial average rose more than 100 points.
The Conference Board's leading economic indicators report showed a 0.1 percent rise for April, following a similar uptick in March. The index, aimed at predicting economic activity in the next three to six months, bolstered investors' belief that the overall U.S. economy, while weak, is positioned for recovery.
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aleoleo
Master |
19-May-2008 23:44
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Bull start running liao... watch out.... the rally will continue.....
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yipyip
Master |
19-May-2008 23:05
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WASHINGTON - The US economy is weak but has sidestepped a recession, according to a key forecasting gauge that rose for the second straight month in April, the Conference Board reported on Monday. The private Conference Board said its Leading Economic Indicators index rose 0.1 per cent, after a matching increase in March, which was unrevised. 'These data certainly reflect a weak economy, but not one in recession,' Ken Goldstein, a labour economist at the group, said in a statement. 'Moreover, the small increases in the Leading Index in both March and again in April could be a signal that the economy may not weaken further.' The Coincident Index, a measure of current conditions, was unchanged in April and March, while the Lagging Index rose 0.1 per cent in April and 0.4 per cent in March. -- REUTERS |
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aleoleo
Master |
19-May-2008 22:34
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dj is in green now. hopefully will end in green also. lets cheer for tomolor STI will up up up.... huat arr 
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winsontkl
Elite |
19-May-2008 22:21
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No worry lah....market choose to ignore bad news and focus on good news to boost up the market....has been happening the last few weeks.... | ||||
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aleoleo
Master |
19-May-2008 18:11
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DJ future -9 now. hopefully will get a good result tonight...
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AK_Francis
Supreme |
19-May-2008 17:24
Yells: "Happy go lucky, cheers." |
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Iran tried to be funny loh, cut CO output. News also posted that OPEC increase o/p will not bring down CO price???? |
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tanglinboy
Elite |
19-May-2008 16:05
Yells: "hello!" |
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Oil clouds gather over Wall StreetInvestors brace themselves for a week of higher oil prices and more dire housing news.NEW YORK (AP) -- The rising price of oil isn't just swelling Americans' energy bills -- it's also holding back their stock portfolios. Wall Street got some seemingly auspicious signs last week about home construction and consumer level inflation. But with oil climbing to new records, and more reports expected this week on rising prices and the housing market, investors are holding on to a conservative stance. Oil's stubborn trek to record highs is a major reason why investors have yet to push the major indexes into positive territory for the year. Just this month, crude has so far tacked on about $13 to breach $127 a barrel, while the price of a gallon of gasoline for the average U.S. driver has soared 17 cents to nearly $3.79. Those price surges cast an air of skepticism over last week's report from the Labor Department showing a modest 0.2 percent uptick in consumer prices in April. Meanwhile, the Commerce Department's upbeat report on housing starts also met with some doubt among investors, particularly because the huge rise was due mostly to apartment construction, which can vary widely from month to month. "So are we at an inflection point in housing right now? Very possibly. But let's be clear here. Nothing in the data suggests we're about to see a sharp rebound," wrote Bernard Baumohl of the Economic Outlook Group LLC in a research note. Still the market, betting that better times are not that far off, finished the week with a solid advance. The Dow Jones industrial average rose 1.89 percent, while the Standard & Poor's 500 index gained 2.67 percent and the Nasdaq composite index picked up 3.41 percent. The existing home sales report will be key this week. The National Association of Realtors is expected to report on Friday that sales of existing home fell again in April, according to the median estimate of economists polled by Thomson/IFR. Another important piece of data will be the Labor Department's Tuesday report on producer prices, is expected to show a 0.5 percent rise. The information could help Wall Street determine whether it is consumers or businesses who are paying more of the rising costs of energy, food and other commodities. Neither prospect is positive for Wall Street; businesses need to hold down costs to pull in healthy profits, while consumer spending accounts for more than two-thirds of gross domestic product. "There may be some factors that are helping to control inflation," Strauss said, noting that many businesses are holding back wage increases. "That's a shock absorber to inflation." But he added, "consumers are feeling the pinch here. What they have to spend on nondiscretionary items is going up. At the same time, real income growth is being challenged." Investors will get more information on how strapped consumers are in earnings reports next week from retailers including Home Depot Inc (HD, Fortune 500)., Hewlett-Packard Co. (HPQ, Fortune 500), Staples Inc (SPLS, Fortune 500)., Target Corp., (TGT, Fortune 500) BJ's Wholesale (BJS, Fortune 500) Club Inc.,Barnes and Noble Inc. (BKS, Fortune 500) and Gap Inc (GPS, Fortune 500). As data pile up, they will give not only investors but also the Federal Reserve a better idea of where the economy is headed in the second half of the year. On Wednesday, the Fed releases minutes from its April 29-30 meeting, when it lowered key interest rates by a quarter percentage point and flagged inflation as a growing concern. Many investors expect the central bank to keep rates on hold at its next meeting in late June to keep inflationary pressures in check.  |
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AK_Francis
Supreme |
18-May-2008 20:35
Yells: "Happy go lucky, cheers." |
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See upward trend on STI next week leow. Hold your portfolios for a while, need not to conduct profit taking so fast. More good weeks to come loh. AK view only. | ||||
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CWQuah
Master |
18-May-2008 19:04
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Dow is poised for a major upward breakout within this week based on the techs. Still in an uptrend formation. The way it closed on Fri night says a lot. Try not to go short on the market - very high risk for bears. Key supports for Monday: 12891, 12881, 12873. Monday's close must be above 12881 for uptrend to remain. Key resistances: 13030, 13047, 13073. Any break above 13073 is likely to see a push to 13133. Anything can happen so play by ear & eyes. |
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cyjjerry85
Elite |
18-May-2008 16:35
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after slumping to an intra-day low of 12893...the DOW climbs back up to close rather flatly...quite some effort climbing back up...as for Monday night...DOW should be supported by 12862..closing below this level would not be deem positive...so far if u link the lows of 17 Mar, 15 Apr, 9 May...it is still considered an uptrend |
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Hulumas
Supreme |
18-May-2008 08:10
Yells: "INVEST but not TRADE please!" |
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DowJ next target to 15,000 will be on the card in the near future!!! | ||||
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teeth53
Supreme |
17-May-2008 17:04
Yells: "don't learn through life, learn to grow with life " |
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DOW finished lower.... |
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CWQuah
Master |
16-May-2008 23:58
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Speak of the devil - came within 2 pts of the 12891 support at 2325hrs. Hit 12893.5.
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CWQuah
Master |
16-May-2008 23:18
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Critical support will be 12878. DJIA must close above this to remain uptrend. There is intermediate support at 12891. Whatever the case, DJIA must absolutely not break below 12847 - there will be heavy selling triggered below that level. |
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lookcc
Master |
16-May-2008 22:59
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dun look good...closing 2morrow cud b 3-digit negtv. | ||||
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