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Market News that affect STI
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richtan
Supreme |
31-Jul-2009 11:51
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x 0
x 0 Alert Admin |
Nikkei is very strong now. 
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Blastoff
Elite |
31-Jul-2009 11:31
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x 0
x 0 Alert Admin |
TOKYO JAPANESE share prices rose 1.37 per cent in morning trade on Friday, backed by positive sentiment on the global economy. The benchmark Nikkei-225 index climbed 139.69 points to 10,304.90 by the lunch break. The broader Topix index of all first section shares rose 10.26 points, or 1.10 per cent, to 947.20. HONG KONG Hong Kong share prices opened 1.66 per cent higher on Friday, with the benchmark Hang Seng Index rising 336.03 points to 20,570.11 in the first few minutes of trading. SHANGHAI SHANGHAI - CHINESE shares rose 1.19 per cent on Friday morning led by metal stocks as commodity prices climbed overseas, dealers said. The Shanghai Composite Index, which covers A and B shares, was up 39.55 points at 3,361.11. The Shanghai A-share index gained 41.51 points, or 1.19 per cent, to 3,528.34, while the Shenzhen A-share index added 9.66 points, or 0.85 per cent, to 1,148.98. KUALA LUMPUR At 9.30am today, there were 284 gainers, 47 losers and 125 counters traded unchanged on the Bursa Malaysia. The FBM-KLCI was at 1,172.83 up 12.17 points, the FBM2BRD was at 5,265.83 up 31.54 points, and the FBMEmas was at 7,915.69 up 79.03 points. Turnover was at 183.717 million shares valued at RM157 million (S$64.4 million). |
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Blastoff
Elite |
31-Jul-2009 07:16
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x 0
x 0 Alert Admin |
Stocks spike to new 2009 highsWall Street rallies as investors saw signs of stabilization on the labor front. Dow closes at highest level this year.  The Dow Jones industrial average (INDU) rose 83 points, or 0.9%, ending at its best level since Nov. 4. It was also the highest close for the blue-chip index in 2009. The S&P 500 (SPX) index added 11 points, or 1.2%, ending at its highest point since Nov. 4. The Nasdaq composite (COMP) gained 16 points, or 0.8%, to reach its highest close since Oct. 1. The major gauges had managed bigger gains earlier in the session, but lost a little momentum by the close. Stocks drifted for the first three sessions of this week, as the recent euphoria that lifted markets faded out. The major gauges all gained between 11% and 12% in the previous two weeks as investors welcomed a spate of better-than-expected quarterly results. But after this week's early volatility, stocks charged ahead Thursday. "The market is finally getting its arms around the fact that we are close to being out of this recession," said Burt White, chief investment officer at LPL Financial. White pointed to three supporting factors: the drop in the continuing claims portion of the weekly jobless report, the cumulative effect of better profit reports, and lessening fears about a slowdown in Asia and the global economy. Friday brings the biggest economic report of the week, the first reading on second-quarter gross domestic product growth. GDP is expected to have shrank at a 1.5% annualized rate, according to forecasts. GDP shrank at a 5.5% annualized rate in the first quarter. "It's important than GDP is roughly in line," said Ron Kiddoo, chief investment officer at Cozad Asset Management. "If we get a bad number, you're going to see a selloff." The Chicago PMI, a regional reading on manufacturing, is due shortly after the start of trading and is expected to have risen to 43 in July from 39.9 in June. Also on tap: quarterly results from Dow component Chevron (CVX, Fortune 500). The oil services firm is expected to report earnings of 90 cents per share, versus $2.90 a year earlier. Labor market: The number of Americans filing unemployment claims for a week or more, a measure known as continuing claims, slipped by more than expected. According to a Labor Department report, continuing claims dipped to 6.2 million last week, from a revised 6.25 million the previous week, for their lowest level since mid-April and short of forecasts for 6.3 million. The continuing claims report overshadowed the regular weekly jobless claims report, which showed a bigger-than-expected rise to 584,000. However, that rise was largely related to seasonal issues related to auto plant shutdowns. Quarterly results: Two Dow components reported results Thursday morning. Oil behemoth Exxon Mobil (XOM, Fortune 500) reported a steep drop in second-quarter income due to weaker demand and falling oil and gas prices. Weaker quarterly earnings missed estimates on weaker revenue that topped estimates. Shares fell 1%. Dow component Travelers (TRV, Fortune 500) also reported weaker profit that missed forecasts. But the financial company also boosted its full-year earnings forecast. Shares fell 2%. Among other companies reporting results, telecom Motorola (MOT, Fortune 500) posted higher quarterly earnings that topped forecasts on weaker revenue that missed. The company shipped 14.8 million phones in the quarter, nearly half what it shipped a year ago, but more than what analysts expected. Shares gained 9.4%. Other movers: Stocks gains were broad-based Thursday, with 25 of 30 Dow components rising, led by IBM (IBM, Fortune 500), Chevron (CVX, Fortune 500), Johnson & Johnson (JNJ, Fortune 500), Caterpillar (CAT, Fortune 500), Coca-Cola (KO, Fortune 500) and United Technologies (UTX, Fortune 500). Shares of Dow component General Electric (GE, Fortune 500) gained nearly 7%. Goldman Sachs upgraded it to "buy" from "neutral" after legislators appeared to back down on the question of whether GE should separate itself from its troubled finance unit GE Capital. A variety of financial shares gained, including Dow components Bank of America (BAC, Fortune 500), JPMorgan Chase (JPM, Fortune 500) and American Express (AXP, Fortune 500). Other financial gainers included Morgan Stanley (MS, Fortune 500), Goldman Sachs (GS, Fortune 500) and Wells Fargo (WFC, Fortune 500). Regional banks KeyCorp (KEY, Fortune 500), Regions Financial (RF, Fortune 500) and Fifth Third Bancorp (FITB, Fortune 500) advanced as well. Market breadth was positive. On the New York Stock Exchange, winners beat losers three to one on volume of 1.36 billion shares. On the Nasdaq, advancers topped decliners two to one on volume of 2.57 billion shares. Bonds: Treasury prices rose, lowering the yield on the benchmark 10-year note to 3.60% from 3.66% late Wednesday. Treasury prices and yields move in opposite directions. Other markets: In global trading, European and Asian markets both gained on improved profit reports. U.S. light crude oil for September delivery rose $3.57 to settle at $66.72 a barrel on the New York Mercantile Exchange. In currency trading, the dollar gained versus the euro and fell against the Japanese yen. COMEX gold for December delivery rose $7.60 to settle at $937.30 an ounce. |
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DnApeh
Master |
31-Jul-2009 00:22
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x 0
x 0 Alert Admin |
tomorrow is also end of week and end of month. take a look at these two charts before selling/profit taking. i think got national day rally.
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maxcty
Master |
31-Jul-2009 00:13
Yells: "always a learning day for me in trading" |
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x 0
x 0 Alert Admin |
DOW up to much tonite..tmr STI sure follow..but tmr friday, maybe is profit taking for most counters... | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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richtan
Supreme |
30-Jul-2009 23:59
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x 0
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U.S. Stocks Rally, S&P 500 Nears Nine-Month High, on Earnings By Lynn Thomasson July 30 (Bloomberg) -- U.S. stocks rallied, pushing the Standard & Poor’s 500 Index to the highest level in almost nine months, as companies from Motorola Inc. to MasterCard Inc. posted better-than-estimated results and jobless claims held below June levels. Motorola jumped the most since April, gaining 10 percent, after job cuts helped the biggest U.S. mobile-phone maker report a smaller loss than analysts projected. MasterCard added 6.6 percent on earnings that topped the average forecast by 11 percent. General Electric Co. led the Dow Jones Industrial Average higher with a 7.6 percent advance on speculation new banking rules will let the company keep its finance unit. The S&P 500 added 2.1 percent to 995.92, the highest intraday level since Nov. 5, as of 11 a.m. in New York. The Dow Jones Industrial Average advanced 170.12 points, or 1.9 percent, to 9,240.84. Stocks in Europe and Asia increased, pushing the MSCI World Index up 2 percent. “We’re still in the stage that the rising tide of a recovering economy is going to lift all boats,” said Marc Harris, co-head of global research at RBC Capital Markets in New York. “This phase of the bad news getting less bad is continuing to be sustained. There’s a lot of hope and optimism that’s being built in.” All 10 industry groups in the S&P 500 advanced at least 1.2 percent today after the Labor Department’s weekly jobless data bolstered expectations firings are slowing as the economy stabilizes. Applications rose by 25,000 to 584,000 in the week ended July 25, compared with more than 600,000 claims every week last month. The total number of people collecting unemployment insurance decreased for a third week. Earnings-Fueled Rally The S&P 500 and Dow average have risen 13 percent since July 10 after companies including Caterpillar Inc. and 3M Co. reported results that topped estimates. The surge left the benchmark index for U.S. equities trading at 16.8 times its companies’ profits over the past 12 months, the highest level since September, according to Bloomberg data. About three out of every four companies in the S&P 500 that released results since June 17 have exceeded analysts’ second- quarter profit estimates, according to data compiled by Bloomberg. The data shows they’ve beaten forecasts by an average 9 percent, even as earnings tumbled 31 percent. Motorola increased 10 percent to $7.25 after reporting a loss, excluding some costs, of 1 cent a share. That beat the average estimate of 4 cents by analysts in a Bloomberg survey. MasterCard jumped 6.6 percent to $200.93. The world’s second-biggest payment-card network raised fees and processed more purchases in the second quarter, driving profit to $2.68 a share to exceed the average analyst estimate of $2.42. Visa Inc., which runs the No. 1 credit-card network, gained 2.8 percent to $68.62 after it also topped projections with more consumers paying bills with credit, charge and debit cards. Goldman Sachs Says Buy GE GE increased 7.6 percent to $13.19. Companies that already have finance arms or industrial-loan businesses should be able to retain them without being subject to Federal Reserve oversight of their manufacturing operations, U.S. Representative Barney Frank said in an interview with Bloomberg News yesterday. GE, which makes everything from jet engines to medical imaging machines, was also upgraded to “buy” from “neutral” at Goldman Sachs. Treasuries Retreat Treasuries fell, pushing the yield on seven-year notes to near the highest level in more than a month, as the U.S. prepares a $28 billion offering of the debt amid concern the deluge of supply will overwhelm demand. Ten- and 30-year debt fell for the first time in three days before the auction, the last of four this week totaling a record $115 billion. Sales in the past two days drew higher-than-expected yields. Better-than-estimated results from Dow Chemical Co. and International Paper Co. propelled a measure of raw-material companies to the steepest gain among the 10 main industry groups in the S&P 500. Dow, the largest U.S. chemical maker, jumped 8.8 percent to $22.06, while International Paper added 5.5 percent to $19.40. Forty-nine companies in the S&P 500 were scheduled to release second-quarter earnings today. Alcoa Inc. gained 3.1 percent to $11.35 as copper, aluminum, nickel and zinc prices advanced. Barrick Gold Corp. increased 3.8 percent to $34.10 as gold rallied and the company beat the earnings estimates. Akamai Technologies Inc. tumbled 21 percent to $16.07. The provider of software that makes Web sites load faster said profit excluding some items was 40 cents a share in the second quarter, missing the average analyst estimate by 1.5 percent. To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net. Last Updated: July 30, 2009 11:02 EDT |
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dealer0168
Elite |
30-Jul-2009 17:25
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x 0
x 0 Alert Admin |
Previous 2 sections of down at Dow is quite minimum. This show that people are much confident of the market now n are quite positive of the upcoming rally. (my opinion) |
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cyjjerry85
Elite |
30-Jul-2009 17:18
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x 0
x 0 Alert Admin |
DOW futures are still very much bullish as of current time right now | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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cyjjerry85
Elite |
30-Jul-2009 14:18
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x 0
x 0 Alert Admin |
i reckon this is becoz of DOW futures going up during our lunch time and it caused the spur upwards...as for the volume it is slightly more cautious due to Shanghai index...not sure how China side will affect us Asia
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ozone2002
Supreme |
30-Jul-2009 14:17
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x 0
x 0 Alert Admin |
intra day dble top?
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richtan
Supreme |
30-Jul-2009 14:16
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x 1
x 0 Alert Admin |
STI is up now: 
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richtan
Supreme |
30-Jul-2009 14:15
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x 0
x 0 Alert Admin |
Nikkei is up now: 
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erictkw
Veteran |
30-Jul-2009 12:44
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Chinese stocks open 0.45% higher on Thu Jul. 30, 2009 (China Knowledge) - Chinese stocks opened higher on Thursday morning, as the central bank said it will stick to the "moderately loose" monetary policy. The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened at 3,281.2 points, up 0.45% or 14.77 points from the previous closing. The Shenzhen Component Index on the smaller Shenzhen Stock Exchange opened 0.54% or 71.17 points higher at 13,141.76 points. |
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richtan
Supreme |
30-Jul-2009 11:00
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x 0
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Japan Factory Output Rises 2.4%, Fourth Monthly Gain (Update2) By Jason Clenfield July 30 (Bloomberg) -- Japanese manufacturers increased production for a fourth month in June, capping the fastest quarterly output expansion in more than half a century and helping the economy rebound from its deepest postwar recession. Production rose 2.4 percent from May, the Trade Ministry said today in Tokyo. Output gained 8.3 percent last quarter from the first three months of 2009, the most since 1953, and companies surveyed planned increases in July and August as well. Leaner inventories and more than $2 trillion in spending by governments worldwide stabilized global demand, supporting exporters including Mitsubishi Motors Corp. Even with the month-on-month gains, companies are churning out 23.4 percent fewer goods than last year, putting pressure on them to forgo investment and cut workers to maintain profits. “Production will continue to recover,” said Yoshiki Shinke, a senior economist at Dai-Ichi Life Research Institute in Tokyo. “Exports look to be on course for a steady recovery.” The yen traded at 95.20 per dollar at 9:37 a.m. in Tokyo from 95.08 before the report was published. The Nikkei 225 Stock Average rose 0.1 percent, and has gained 43 percent since reaching a 26-year low on March 10. Economists surveyed by Bloomberg estimated production would increase 2.5 percent. Manufacturers said they planned to boost output 1.6 percent in July and 3.3 percent in August, the report showed. The ministry said production is “on a recovery trend” after last month describing it as “showing signs of recovery.” Last Longer “The forecasts fuel hope that the rebound will last a bit longer than we’d thought,” said Hiroshi Shiraishi, an economist at BNP Paribas in Tokyo. The Bank of Japan raised its assessment of the economy this month, citing rebounds in trade and production as reasons “economic conditions have stopped worsening.” Deputy Governor Hirohide Yamaguchi said last week orders for Japanese cars and electronics are increasing because companies are restocking inventories slashed during the recession. Exports rose 1.1 percent in June from the previous month, buoyed by sales to China and the U.S., the country’s biggest overseas markets. The increase in shipments probably helped the world’s second-largest economy return to growth last quarter after four periods of contraction that shrunk gross domestic product down to its 2003 size. Return to Growth Analysts surveyed by Bloomberg News forecast Japan’s economy expanded at an annualized 2.4 percent in the three months ended June 30. GDP shrank at a record annual 14.2 percent pace in the first quarter. While production has increased since March, about 40 percent of the nation’s factory capacity remains idle. That increases costs of each unit sold, squeezing corporate profits. “The pickup in manufacturing isn’t filtering down to households and non-manufacturers because manufacturers are still cutting costs, especially personnel costs,” said Kyohei Morita, chief economist at Barclays Capital in Tokyo. Morita said the jobless rate will rise to a record 5.9 percent in the first half of next year from the current 5.2 percent. Canon Inc., Japan’s biggest maker of office equipment, this week forecast sales will drop 22 percent this year as companies limit spending on copiers and other business tools. To cope with that, the company said it plans to pare its own expenses by 220 billion yen ($2.3 billion). Government Spending Economists say Japan’s recovery will only be sustainable if private demand takes over from where government spending leaves off. Some 4 trillion yuan ($585 billion) in spending by China’s government has buoyed sales of Japanese cars, building equipment and steel. President Barack Obama’s “cash-for- clunkers” program is also helping prop up the U.S. auto market, while Japan’s own stimulus measures have boosted purchases of environment-friendly cars like Toyota Motor Corp.’s Prius. Mitsubishi Motors will raise production and reintroduce overtime at all three of its domestic factories next month, the Nikkei newspaper reported this week. The company will also hire 300 workers, public broadcaster NHK reported separately. Nippon Steel Corp., Japan’s largest mill, will next month restart one of its two idled domestic furnaces to meet carmaker orders. President Shoji Muneoka said last week demand may not recover this year enough to warrant restarting the other one. “The recovery is only as robust as the stimulus packages,” said Barclays’ Morita. “By the end of the year, production will recover to a level about 15 or 20 percent below its peak. That implies companies are not going to see profit growth, which means there’s more cost-cutting ahead.” To contact the reporters on this story: Jason Clenfield in Tokyo at jclenfield@bloomberg.net; Tatsuo Ito in Tokyo at tito@bloomberg.net. Last Updated: July 29, 2009 20:40 EDT |
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richtan
Supreme |
30-Jul-2009 10:59
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Blastoff
Elite |
30-Jul-2009 07:07
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Stocks dip on economic woesWeaker durable goods orders report drags on Wall Street, while Yahoo-Microsoft partnership sparks sour reaction. NEW YORK (CNNMoney.com) -- Stocks trimmed losses by the close Wednesday, but remained in the red after a weak durable goods orders report added to worries about the economy and investors soured on Yahoo's partnership with Microsoft. The Dow Jones industrial average (INDU) lost 26 points, or 0.3%. The S&P 500 (SPX) index fell 4 points, or 0.5%. The Nasdaq composite (COMP) gave up 8 points, or 0.4%. In addition to the day's news, Wall Street was also vulnerable to a pullback in the wake of a big two-week rally that lifted the Dow and S&P 500 by more than 11% and the Nasdaq by 12%. The rally was sparked by a series of better-than-expected quarterly results. But with more than half of the S&P 500 companies yet to report, investors are showing a little caution. "It's basically a too far, too fast scenario," said Dave Rovelli, managing director of U.S. equity trading at Canaccord Adams. He said the durable goods orders report follows other recent indications that the economy continues to be "less bad" rather than better. He pointed to housing reports released earlier in the week that were better-than-expected, but showed improvement mostly due to low prices and foreclosure sales. On Tuesday, a weaker-than-expected consumer confidence report and a tepid response to a 2-year note auction sparked a selloff. A similarly lukewarm reaction to Wednesday's 5-year note auction added to the weakness in the stock market. As for Yahoo, Rovelli said there is a perception that it dropped the ball by not securing money from Microsoft upfront, as had been expected. Thursday brings the weekly jobless claims report from the Labor Department. In addition, quarterly results are due from Dow components Exxon Mobil (XOM, Fortune 500), Travelers (TRV, Fortune 500) and Walt Disney (DIS, Fortune 500). Economy: U.S. durable goods orders plunged 2.5% in June, a far bigger decline than economists were expecting. The drop revived some worries that the economy may not be stabilizing as quickly as investors have been betting. Orders for long lasting manufactured goods saw the biggest monthly decline since January, the Commerce Department reported. Orders rose a revised 1.3% in May. Economists surveyed by Briefing.com thought orders would fall 0.6%. However, orders excluding transportation rose 1.1% versus forecasts for no change. Last month, the same measure rose 0.8%. Around 2 p.m. ET, the Federal Reserve released its periodic "Beige Book" survey of economic conditions in its twelve districts. The report showed that economic activity remained weak -- but for most districts, the pace of the decline has slowed. Stocks showed little reaction to the report. Microsoft-Yahoo: The tech bellwethers have finally completed a 10-year search deal that takes aim at Google's dominance in the online market. Yahoo (YHOO, Fortune 500) will use and promote Microsoft (MSFT, Fortune 500)'s Bing search engine on its site. In exchange, the company will keep 88% of the revenue from all search ad sales for the first five years. Yahoo will also have the right to sell ads on some Microsoft sites. However, investors expressed some disappointment that Yahoo will not receive an upfront payment, sending its shares down by 12%. Microsoft attempted to buy Yahoo outright for $47.5 billion last year, but was rebuffed by the company. Microsoft shares gained 1.4% Wednesday. Oil prices and stocks: U.S. light crude oil for September delivery fell $3.88 to settle at $63.35 a barrel on the New York Mercantile Exchange. Oil stocks declined in tandem, with Dow components Chevron (CVX, Fortune 500) and Exxon Mobil (XOM, Fortune 500) both slipping. The Amex Oil (XOI) index lost 2%. Quarterly results: CNNMoney.com parent Time Warner (TWX, Fortune 500) reported weaker quarterly earnings that beat estimates on weaker revenue that missed estimates. Shares fell 1.8%. Sprint Nextel (S, Fortune 500) reported weaker quarterly sales and earnings as subscribers continued to decline. Shares fell 12%. Bonds: Treasury prices rose, lowering the yield on the benchmark 10-year note to 3.66% from 3.68% late Tuesday. Treasury prices and yields move in opposite directions. Other markets: In global trading, European markets mostly ended higher and Asian markets ended lower. In currency trading, the dollar gained versus the euro and the Japanese yen. COMEX gold for December delivery fell $12 to settle at $929.70 an ounce. Market breadth was negative. On the New York Stock Exchange, losers beat winners three to two on volume of 1.25 billion shares. On the Nasdaq, decliners topped advancers eight to five on volume of 2.1 billion shares. |
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ronleech
Master |
29-Jul-2009 19:29
Yells: "Believe in yourself. Ride with the waves......" |
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x 0
x 0 Alert Admin |
Seems like consolidating and preparing to go further.... | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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dealer0168
Elite |
29-Jul-2009 18:21
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x 0
x 0 Alert Admin |
RichTan, yr this news very positive to us investor.......
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richtan
Supreme |
29-Jul-2009 17:49
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x 0
x 0 Alert Admin |
Extracted from Lim & Tan Securities: 1. The key point to note is that the FTSTI 200-day MA is only starting to trend up, which implies therally may have more to run in the near-to-medium term.
2. Rising bullishness is an understatement today. We heard from a private banker in a
European bank that their strategist yesterday recommended “
which implies 100% allocation to stocks, ie nothing in bonds and cash.
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richtan
Supreme |
29-Jul-2009 17:40
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Europe now in +ve territory. 
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