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iPunter
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04-Jan-2011 23:25
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If Dow is down tonight, it could mean a pullout of funds from there into local stocks here tomorrow...
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BullishTempo
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04-Jan-2011 23:24
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There, the Dow is rebounding nicely. Ok off to bed !
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BullishTempo
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04-Jan-2011 23:21
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It could still weigh on market sentiments. Especially since STI is in overbought region.
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BullishTempo
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04-Jan-2011 23:19
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Fed minutes should have dovish tone as usual. Won't be expecting any surprises from them. Any hints on interest rate hikes will send the market diving though. But I don't expect it to happen this early in 2011. Maybe in 2nd half 2011.
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iPunter
Supreme |
04-Jan-2011 23:19
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Dow down should not mean STI will close down tomorrow... as has been shown frequently...
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BullishTempo
Supreme |
04-Jan-2011 23:17
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I hope its not tonight!
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eastcivic
Elite |
04-Jan-2011 23:17
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Stocks continued to struggle for direction after a better-than-expected report on November factory orders, as investors waited for minutes of the Federal Reserve's latest meeting for clues on monetary policy - CNBC looks like fed meeting going to be critical..... |
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BullishTempo
Supreme |
04-Jan-2011 23:15
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Futures is 20 at the moment. After the fed minutes, I reckon Dow will close mildly bullish. Maybe +10 or so.
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Gaecia
Elite |
04-Jan-2011 23:14
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Hmm... nvmd think i'm just scaring myself. haha...how not to watch over gar tmr nervously
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BullishTempo
Supreme |
04-Jan-2011 23:12
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http://www.bloomberg.com/apps/quote?ticker=DXY:IND Yup and USD is still down
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Gaecia
Elite |
04-Jan-2011 23:11
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broader commodities sector too, red red. Remember i asked u this morning about the dollar's direction near term?
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BullishTempo
Supreme |
04-Jan-2011 23:10
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MARKET PULSE Jan. 4, 2011, 10:07 a.m. EST U.S. factory orders surge 0.7% in NovemberBy Jeffry Bartash WASHINGTON (MarketWatch) - U.S. factory orders jumped 0.7% in November to $423.9 billion, well ahead of the MarketWatch forecast for a 0.1% increase. Orders for October were also revised to show improvement. Orders in October fell 0.7% instead of the originally reported 0.9%, the Commerce Department said Tuesday. Excluding transportation, factory orders rose a sharper 2.4% in November. A steep drop in the sale of aircraft prevented factory orders from rising even higher. |
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BullishTempo
Supreme |
04-Jan-2011 23:09
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http://www.bloomberg.com/apps/quote?ticker=DXY:IND
USD still ticking down though
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Gaecia
Elite |
04-Jan-2011 23:07
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anyway i closed out my position. I think something's up with usd at this time, the pms doing a u turn.
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BullishTempo
Supreme |
04-Jan-2011 23:06
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Lets see if the Fed minutes to be released later on will have an effect on the Dow
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Jfierce
Senior |
04-Jan-2011 23:05
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Hi Daniel. I have offloaded my China Hongx at 0.17. Made a few hundred compared to losing a few hundred. Glad to be out of that stock! Thanks for the advice! I am just bought Ziwo and Sunmart. Hopefully will do well and not be another China Hongx to scare me :D
Cheers! |
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iPunter
Supreme |
04-Jan-2011 23:05
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To be healthy, the Dow should close red tonight, say -90pts... In any case, there should not be big continuous gains.. since that would cause 'market indigestion'... |
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Noob79
Master |
04-Jan-2011 23:04
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2 days of chionging... i think tml will drop...
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BullishTempo
Supreme |
04-Jan-2011 23:03
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Unfortunately my degree was in Science. Was thinking of getting an MBA though, but kinda lazy to go through the hassle of examinations again... zzz
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BullishTempo
Supreme |
04-Jan-2011 23:01
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Futures dropping quickly.. hmm | ||||
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