Future turns to negative, results are good, americans need time to digest these news ....... may not be a big surge tonite, but should stand

firm above 9800 level ....

The Census Bureau said that housing starts rose 1.5% to an annual rate of 598,000 in August. That was considerably higher than industry experts were predicting: The consensus analyst forecast compiled by Briefing.com was for 583,000 new starts.

Building permits rose 2.7% to 579,000 from a revised 564,000 in July.

The Labor Department also released its weekly report on U.S. jobless claims.

The number of Americans filing new claims for unemployment dropped to 545,000 in the week ended Sept. 12, the government said, compared to the prior week's revised figure of 577,000. This is less than the 555,000 claims that were expected, according to a consensus of estimates from Briefing.com.

Continuing claims, a measure of those receiving benefits for a week or more, increased by 129,000 to 6.23 million, the government said.

Sure will break his 30 pts cut-loss order, your boss jialat liao lah!

handon      ( Date: 17-Sep-2009 00:27) Posted: my boss said life line left 30 pts.... sweat liao... want 2 close shop liao... hehe...

better close shop earlier la, DJ will be good for this whole week, maybe slight correction next week ....

so fire your boss la .... hehe

handon      ( Date: 17-Sep-2009 00:27) Posted: my boss said life line left 30 pts.... sweat liao... want 2 close shop liao... hehe...

US industrial production up 0.8% in August
Posted: 16 September 2009 2349 hrs

	Photos 1 of 1 Workers at a car assembly plant.

WASHINGTON: US industrial production jumped 0.8 percent in August, the second straight monthly gain, the Federal Reserve reported on Wednesday in a further sign of a reviving manufacturing sector.

Overall industrial output gained for a second month in August after eight consecutive monthly declines.

The report also revised upward the July increase to 1.0 percent from an earlier estimate of 0.5 percent. Aside from a hurricane-related rebound in October 2008, the gain in July marked the first monthly increase since December 2007.

Manufacturing output increased 0.6 percent in August, helped in part by a jump in auto production. But the index excluding motor vehicles and parts increased 0.4 percent.

The report also showed production at mines advanced 0.5 percent in August and utility output increased 1.9 percent.

Total industrial production was 10.7 percent below its level of a year earlier, the Fed said.

The capacity utilisation rate, a sign of slack in the industrial economy, rose to 69.6 percent, from a revised 69.0 percent in July. The August level is 11.3 percentage points below its average for the period 1972 through 2008.

Analysts pointed out that the industrial sector was leading the recovery from recession as consumer spending and other areas of the economy lagged.

"It's the revenge of the smokestack," said Brian Wesbury at First Trust Portfolios.

"After the last two recessions (1990-91 and 2001), the service sector led while manufacturing lagged. This time around, it looks like the manufacturing sector is leading the way in this V-shaped recovery."

Sal Guatieri, economist at BMO Capital Markets, said the strong report could mean the economy expands even faster than his prediction of 3.8 percent in the third quarter.

"No doubt about it, the US economy is recovering faster than expected, though questions remain about the sustained strength of the expansion," he said. - AFP/de