| Latest Forum Topics / Others |
 Post Reply
|
|
DOW & STI
|
|||||
|
Blastoff
Elite |
22-Apr-2009 21:09
|
||||
|
x 0
x 0 Alert Admin |
Stocks set to fallInvestors turn cautious in the face of more mixed earnings news, Morgan Stanley disappoints.At 8:58 a.m. ET, Dow Jones industrial average, Standard & Poor's 500 and Nasdaq 100 futures were all lower. Futures measure current index values against perceived future performance and give an indication of how markets may open when trading begins in New York. U.S. stock markets advanced Tuesday, staging a late-session rally. The major gauges all gained about 2%. Despite Tuesday's gains, investors are still wary about the financial sector's results, according to Richard Yamarone, director of economic research at Argus Research. "The markets are taking their cue from how well the banking situation plays out," he said. Earnings: As concerns about the banking sector persist, Morgan Stanley (MS, Fortune 500) reported a bigger-than-expected quarterly loss of $177 million, or 57 cents a share, and cut its dividend. Wells Fargo (WFC, Fortune 500) posted better-than-expected results. Dow components AT&T (T, Fortune 500), McDonald's (MCD, Fortune 500) and Boeing (BA, Fortune 500) all posted lower first-quarter earnings before the bell. AT&T and McDonald's beat estimates, while Boeing missed by 5 cents a share. Continental Airlines (CAL, Fortune 500) announced a loss for the first quarter, but results were better than expected. Health insurer WellPoint (WLP, Fortune 500) posted disappointing results. Other stocks to watch include Yahoo (YHOO, Fortune 500), which announced late Tuesday that it was cutting 5% of its workforce. The company also reported a sharp fall in profit for its latest quarter. Economy: Treasury Secretary Tim Geithner was due to speak about the global recession at 9 a.m. ET. Autos: The White House has spurned a plan put forth by Chrysler's lenders as the deadline for the automaker's restructuring approaches. Lenders have agreed to write off 35% of the $7 billion they are owed. But in exchange, they reportedly want a stake in the restructured automaker World markets: Stocks in Asia mostly fell, although Japan's Nikkei ended the session a shade higher. In morning trading, European markets were mixed in midday trading. Oil and money: Oil prices edged down 8 cents a barrel to $48.48 ahead of the Energy Information Agency's weekly inventory report. The dollar was lower versus the euro and the yen. |
||||
| Useful To Me Not Useful To Me | |||||
|
Blastoff
Elite |
22-Apr-2009 08:57
|
||||
|
x 0
x 0 Alert Admin |
TOKYO Japanese share prices opened higher on Wednesday with the benchmark Nikkei-225 index rising 66.20 points, or 0.76 per cent, to 8,777.53 in the first minute of trading. |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Blastoff
Elite |
22-Apr-2009 07:23
|
||||
|
x 0
x 0 Alert Admin |
Stocks recharge the advanceWall Street stages late-session run-up as investors scoop up financial shares.By Alexandra Twin, CNNMoney.com senior writer
 After the close, Yahoo (YHOO, Fortune 500) reported lower quarterly sales and earnings that topped estimates. The Internet search bellwether also said it would cut 5% of its workforce. The Dow Jones industrial average (INDU) gained 127 points, or 1.6%. The S&P 500 (SPX) index gained 18 points, or 2.1%. The Nasdaq composite (COMP) gained 36 points, or 2.2%. Wednesday morning brings quarterly results from Dow components AT&T (T, Fortune 500), Boeing (BA, Fortune 500) and McDonald's (MCD, Fortune 500). Financial firms Wells Fargo (WFC, Fortune 500) and Morgan Stanley (MS, Fortune 500) are also due to report Wednesday. Stocks tumbled Monday, retreating from a six-week run after Bank of America (BAC, Fortune 500) reported results that beat forecasts, but also warned about deteriorating credit quality. Despite better-than-expected results from JPMorgan Chase (JPM, Fortune 500), Goldman Sachs (GS, Fortune 500) and others, investors have been wary about bank results. Those concerns continued to drag on stocks Tuesday morning. But the financial sector turned around in the afternoon, lifting the broader market, after Treasury Secretary Timothy Geithner defended Treasury's Troubled Asset Relief Program (TARP) and other attempts to help stabilize the banking system. Geithner was speaking before a Congressional bailout oversight committee. (Full story) Citigroup (C, Fortune 500) shares gained after the Dow component said at its annual meeting that it will pay back the government the $45 billion it received in taxpayer assistance. The KBW Bank (BKX) index gained 8.1%. Stocks rose for six straight weeks, propelling the S&P 500 by 29% as investors bet that the economy is closer to stabilizing. That same optimism is lifting stocks now, but will peter out if the economic and corporate news doesn't start to improve, said Dean Barber, president at Barber Financial Group. "This is a classic bear market rally," Barber said. "People want to say that the market is telegraphing that the recession will soon be over, but there isn't anything fundamental that supports that." He said that the rally is being driven partly by the vast amounts of cash sitting on the sidelines and the lack of appealing options, due to low-yielding money market accounts and short-term bond yields. Market breadth Tuesday was positive. On the New York Stock Exchange, winners beat losers four to one on volume of almost 1.67 billion shares. On the Nasdaq, advancers topped decliners three to one on volume of 2.45 billion shares. Results: After the close Monday, IBM (IBM, Fortune 500) reported higher earnings that beat estimates on weaker revenue that missed estimates. The tech leader reiterated its goal of earnings of $9.20 per share in 2009 and said it is on track to meet its profit goal of $10 to $11 per share in 2010. Shares gained 2% Tuesday. Also late Monday, Texas Instruments (TXN, Fortune 500) reported weaker quarterly sales and earnings that topped expectations. The chipmaker forecast first-quarter earnings per share above analysts' forecasts. Shares lost 1% Tuesday. On Tuesday, Dow components Caterpillar (CAT, Fortune 500), Merck (MRK, Fortune 500), DuPont (DD, Fortune 500), Coca-Cola (KO, Fortune 500) and United Technologies (UTX, Fortune 500) all reported results. Caterpillar reported its first quarterly loss since 1992, due to charges related to recession-tied layoffs. The heavy equipment maker also cut its full-year earnings and sales forecast. Shares gained 3% after sliding in the morning. Merck reported weaker quarterly sales and earnings that missed analysts' forecasts, citing the global economic slowdown. The company also said its soon-to-be-completed purchase of Schering-Plough (SGP, Fortune 500) would help drive growth in the coming years. Merck shares fell 6.7%. Separately, Schering-Plough reported higher-than-expected first-quarter earnings. Shares fell 4%. DuPont reported weaker quarterly earnings that topped estimates on lower sales that missed forecasts. The chemical maker also cut its full-year 2009 earnings forecast and said it will take on most of its cost-cutting initiatives in the months ahead. Shares gained 4.9%. Coca-Cola reported weaker quarterly earnings that met Wall Street's forecasts. The world's biggest soft-drink maker also reported lower quarterly revenue. Shares lost almost 3%. United Technologies reported weaker quarterly earnings that met estimates on a drop in quarterly sales. However, the company said it expects to see profit growth in 2010, sending shares higher. Shares rose 4.8%. Bonds: Treasury prices tumbled, raising the yield on the benchmark 10-year note to 2.89% from 2.83% Monday. Treasury prices and yields move in opposite directions. Lending rates were mixed. The 3-month Libor rate was unchanged from 1.10% Monday, according to Bloomberg.com. The overnight Libor rate fell to 0.20% from 0.22% Monday. Libor is a bank-to-bank lending rate. Other markets: In global trading, Asian markets ended lower. Most European markets fell in afternoon trading. In currency trading, the dollar fell versus the euro and gained against the yen. U.S. light crude oil for May delivery gained 63 cents to settle at $43.51 a barrel on the New York Mercantile Exchange. COMEX gold for June delivery fell $4.80 to settle at $882.70 an ounce. |
||||
| Useful To Me Not Useful To Me | |||||
|
richtan
Supreme |
21-Apr-2009 23:08
|
||||
|
x 0
x 0 Alert Admin |
Oopps, I think I know wat u mean, thks a lot. I keep thinking tat was posting links, I did it b4 but not with pdf files.
|
||||
| Useful To Me Not Useful To Me | |||||
|
richtan
Supreme |
21-Apr-2009 23:01
|
||||
|
x 0
x 0 Alert Admin |
Hi Alligator, Many thanks for your kind effort to describe in such details. In fact, I know how to upload images to a web hosting site & post the links in SI forum. Wat I mean is I dun know how to copy the image & paste it in the forum like wat u did, not the links. I sincerely hope u can enlighten me on that. Thks a lot.
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Blastoff
Elite |
21-Apr-2009 21:40
|
||||
|
x 0
x 0 Alert Admin |
Stocks set for a lower openEarly losses expected on Wall Street in the midst of a barrage of mixed corporate reports.By CNNMoney.com staff
NEW YORK (CNNMoney.com) -- U.S. stocks could be in for another rough ride Tuesday on the heels of the previous session's heavy losses.
At 8:32 a.m. ET, Dow Jones industrial average, Standard & Poor's 500 and Nasdaq 100 futures were all lower. Futures measure current index values against perceived future performance and give an indication of how markets may open when trading begins in New York. A six-week old rally for U.S. stocks lost ground Monday. Wall Street sank on worries about financial sector earnings, after Bank of America (BAC, Fortune 500) posted better-than-expected results but warned of "deteriorating credit quality." Despite Monday's selloff, lackluster corporate reports should not rattle investors too much going forward, said Robert Brusca, chief economist at Fact and Opinion Economics. "Corporations are having a bad quarter," Brusca said, "we can't expect good [earnings reports] against that background." Earnings: IBM (IBM, Fortune 500) reported earnings that topped Wall Street's estimates after U.S. markets closed Monday. The company, however, reported a drop in sales. Also late Monday, chipmaker Texas Instruments (TXN, Fortune 500) posted weaker results that topped estimates. Before the opening bell Tuesday, chemical maker DuPont (DD, Fortune 500) posted a decline in quarterly earnings and cut its full year earnings forecast. Delta Air Lines (DAL, Fortune 500), health insurer UnitedHealth Group (UNH, Fortune 500) and heavy equipment maker Caterpillar (CAT, Fortune 500) all posted earnings shortfalls, but beat expectations. United Technologies (UTX, Fortune 500) and Coca-Cola (KO, Fortune 500) reported earnings in line with expectations, while Merck (MRK, Fortune 500) and Bank of New York Mellon (BK, Fortune 500) posted disappointing results. Yahoo (YHOO, Fortune 500) and Advanced Micro Devices (AMD, Fortune 500) were slated to report quarterly results after the closing bell. TARP oversight: Treasury Secretary Tim Geithner is due to testify at a hearing on oversight of the government's $700 billion bailout program at 10 a.m. ET. World markets: Stocks in Asia tumbled, mirroring Wall Street's overnight losses. Japan's Nikkei ended the session down more than 2%. European shares were lower in midday trading. Oil and money: Oil prices fell 71 cents a barrel to $45.17. The dollar was higher versus the euro and the British pound, but lower against the yen. |
||||
| Useful To Me Not Useful To Me | |||||
|
Alligator
Veteran |
21-Apr-2009 14:32
Yells: "learning from past " |
||||
|
x 0
x 0 Alert Admin |
richtan, To make image shown in forum page, you need to put your image from your computer and UPLOAD onto one of the web hosting site. many people had their BLOG or even run web hosting so there is no problem to them. However, if you dont have a web hosting site, then you can use any 'free image hosting' website to do that. When you unload your file to the web hosting site, it will provide you with an image link , and you just need to put this link into your SJ forum. When you read pdf file you can move your mouse to the IMAGE of your interest, right click, copy image , then save it somewhere in your computer so that you know the file location. Now, use any free image hosting website, for example use this one :: http://tinypic.com/ When you click this tinypic website, you shall see Upload Images &Videos. Just below this you see File (box) : type in your file location here. Then go down and click the UPLOAD NOW buttom. The image from your computer will be uploaded onto tinypic.com. when it is complete, another page pop up, you just go to the Direct Link Layouts box, highlight and COPY this link ( this is the one to be used on SJ forum page). Next, on your SJ forum page, on top of forum page you see many button, look for the second last button (Insert/Modify Image). Click it, a pop up shows up, you then type the location of image into the box (Image Usl), you can also do without typing: just move cursor to Direct Link Layouts box, highlight the Usl or image location, move the cursor into SJ forum's Insert/Modify Image pop up. paste. To be sure you get the correct image, you can preview and see for yourself, when all is well, just post your message as usual. Hope this helps.  |
||||
| Useful To Me Not Useful To Me | |||||
|
richtan
Supreme |
21-Apr-2009 12:46
|
||||
|
x 0
x 0 Alert Admin |
Thanks a lot Alligator, u are correct, this is the chart. This chart is from DMG but in pdf, can kindly explain to me how to copy charts in pdf. Once again, thanks a lot
|
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
niuyear
Supreme |
21-Apr-2009 12:25
|
||||
|
x 0
x 1 Alert Admin |
The analyist reports can be misleading which i think some kind of government authority should 'regulate' such kind of writing and reporting especially when there is unreachable target price etc to be met. If the reports are to befool or confuse the market and with conspiracy involved, or for their own benefits at the expense of others, i think, justice should be sort. Otherwise, you and me can be called an 'analyist'. Perhaps, we have to wait for some brave guys (who loses huge money based on reading the report) to bring this to justice that stir up masses notice and action to be taken.
|
||||
| Useful To Me Not Useful To Me | |||||
|
divearse
Member |
21-Apr-2009 11:14
|
||||
|
x 0
x 0 Alert Admin |
One can inteprete this as a conspiracy theory, the fact is that the mess is not so easy to resolve, banks not taking into account of toxic assets in their report, some how someday someone has to pay for the difference, if the property price does not rise the toxic debts is not going to be cleared, printing money does not help as the value will go down further, the only way to shore up the property price is to make people fight to buy the properties, how to do this? Ease lending and create a feel good atmosphere and make you and I feel good and buy, so we chase up the price and everything will go back to normal before the next bust comes again, dejavu huh? It is the same as the PE ratio, once we borrow over what we can afford to repay to buy up stocks and shares at PE of say 20, suddenly we realised hey this does not make sense, there starts another sell off or bust cycle. Not which one is powerful, they both work hand in hand, one manipulating the other & vice versa, so if you are investor, you just need to know whether PE ratio is reasonable like you buy a house, whether you think the premium on top of the brick and motar is worth chasing. IT IS A SIMPLE DIFFERENTIAL GAME rather than an absolute game, I tell you it is cheap (I can write up nice report to convince you) and you buy, when you buy I sell, that is the rule of the game. So simply buy lower and sell higher. I make profit you get feel good factor from my report. hehe....sounds like dejavu again...been there done dat & got the T-shirt. |
||||
| Useful To Me Not Useful To Me | |||||
|
pointer
Senior |
21-Apr-2009 07:12
|
||||
|
x 0
x 0 Alert Admin |
Many analysts call buy on pullback, but do u think they are promoting so they can dump shares at u? Obviously, after a 6-week rally, overall is still uptrend. Technical is derive from trends, sentiment is influence by news. Which is more powerful? | ||||
| Useful To Me Not Useful To Me | |||||
|
Alligator
Veteran |
21-Apr-2009 06:01
Yells: "learning from past " |
||||
|
x 0
x 0 Alert Admin |
richtan, sorry , may be this one FSSTI chart?  |
||||
| Useful To Me Not Useful To Me | |||||
|
|
|||||
|
Alligator
Veteran |
21-Apr-2009 05:30
Yells: "learning from past " |
||||
|
x 0
x 0 Alert Admin |
richtan, i think this is the image you are trying to upload  |
||||
| Useful To Me Not Useful To Me | |||||
|
richtan
Supreme |
21-Apr-2009 00:28
|
||||
|
x 0
x 0 Alert Admin |
From DMG: Straits Times Index: Accumulate on any signs of weakness (There is a chart in pdf which I dun know how to copy & paste, any sifu can advise, thanks a lot) Our contrarian call that most market indices would encounter a pullback Given these developments, we now believe that the index is still riding on a Wave 1 which is expected to translate into further upside. While the 14-day RSI is approaching overbought territory, we believe that any profit-taking seen in the index should be seen as healthy pullbacks. As with the previous three instances (once in Mar 09, twice in Apr 09) when the RSI was close to or at the overbought mark, the STI did give back some ground although the ensuing rally had more than made up for it – the STI had appreciated more than 300 points since the end of Feb 09. would first serve to cap any additional upside, although we do expect this barrier to be broken. Following which, the momentum is expected to drive the STI up to around the 2,000 mark where stronger resistance at the 1,991 – 2,037 range is located. On the other hand, any retracements seen within the STI should be limited to the 1,836 – 1,848 range which a technical gap resides. Retracements to be regarded as healthy pullbacks.
Initial but weak resistance at the 1,959 level during the previous week did not materialise. On the local front, the Straits Times Index (FSSTI Index) extended its charge on high volume to eventually chalk up a 3.7% weekly gain. |
||||
| Useful To Me Not Useful To Me | |||||
|
lookcc
Master |
21-Apr-2009 00:17
|
||||
|
x 0
x 0 Alert Admin |
interesting. | ||||
| Useful To Me Not Useful To Me | |||||
|
richtan
Supreme |
21-Apr-2009 00:11
|
||||
|
x 0
x 0 Alert Admin |
From Macquarie Research: MQ : Strategy - Rally till June? Tim Rocks highlighting a list of stocks that we should be top slicing and stocks that we should be accumulating as the demand recovery could last till June. February OECD leading indicator suggests a pause in the economic decline. Asian market performance is tightly correlated with the OECD leading indicator, but this time though, the market has moved way ahead of the bottoming of the indicator. While many stocks in Asia are now priced beyond their fundamentals, there are still a list of stocks that are undervalued -particularly in tech and banks. Datapoints also suggest more legs to this demand recovery. The fiscal stimulus suggests though that there could still be legs to the demand recovery until June. The policy stimulus is now hitting many economies while the direct fiscal stimulus in the US will peak in May when every social security recipient will receive a cheque for US$250. Where Tim still sees value are in the banks - Krung Thai, IBK, Taishin and China Development, Maybank, DBS, ICICI; and tech companies - Powerchip, UMC, AUO, CMO and some hardware companies Asustek, Quanta and Compal. China has the most stretched valuations, and is the consensus Overweight. Taiwan has many more cheap stocks relative to Korea and Singapore is starting to look interesting. the sector level, tech is still cheaper relative to historical P/BV than materials, and banks are cheaper than consumer companies. Best sectors for profit taking are construction, shipbuilding, cement and steel. There are also 75 companies that are now trading above their long term average PBV. Most surprising are in shipbuilding, construction, cement and steel. Doosan Heavy, Samsung Heavy, Anhui Conch and Jindal Steel are trading at twice their historical average PBV. Other large-cap stocks include POSCO, Hyundai Heavy and Bharat. The other big group of overvalued stocks are in consumer - Tsingtao Brewery, Tingyi, LG Household & Healthcare, and Hengan. http://macq.wir.jp/l.ut?t= |
||||
| Useful To Me Not Useful To Me | |||||
|
lookcc
Master |
20-Apr-2009 23:39
|
||||
|
x 0
x 0 Alert Admin |
wud consider if at 1,800 | ||||
| Useful To Me Not Useful To Me | |||||
|
richtan
Supreme |
20-Apr-2009 23:31
|
||||
|
x 0
x 0 Alert Admin |
From DBSV:
Any pullback from 1947 for STI towards the 15-day EMA near 1830 represents another buying opportunity.
We maintain our view for STI 2140 and a buy-on-pullback strategy. While the STI eased off 1947, which is near January’s high of 1960, the rise that started from 1457 remains intact. Any pullback towards the 15-day EMA near 1830 represents another buying opportunity. Index laggards and small caps should garner interest during the anticipated upswing to 2140. We also expect index leaders that have consolidated well to |
||||
| Useful To Me Not Useful To Me | |||||
|
CWQuah
Master |
20-Apr-2009 23:17
|
||||
|
x 0
x 0 Alert Admin |
Hmm... watch how Dow close first. If it still closes near its high tonight and assuming Dow futures not too -ve, then watch how Nikkei behaves tomorrow, before going into puts. And that assumes no major gap down for STI upon tomorrow's open. I have a gut feel that they may do initial push up instead. If Dow closes very low tonight... then it may be tricky to buy puts early. Wait for STI to go up till it hits a significant resistance, watch HSI, Shanghai, and Nikkei, see if all seem to plateau (use liveindices or yahoo charts), then buy puts. Be aware this will be a speculative ride, and will be a very fast one at that. Don't whack blindly. 7882 is sensitive level for Dow over next 2 days, unless 7900 also breaks support tonight. |
||||
| Useful To Me Not Useful To Me | |||||
|
freeme
Elite |
20-Apr-2009 21:48
|
||||
|
x 0
x 0 Alert Admin |
true la.. thats why dun buy too big.. small play to protect ur holdings if market turns.. So when ur put warrants profited, den sell it and wait for markt to recover.
|
||||
| Useful To Me Not Useful To Me | |||||
