Dear Friends,
A shocking surprise indeed. Few in Wallstreet actually expects this as this would meant that the QE tapering most probably will start next year only, perhaps after the new FED chairman comes on board and settle down.
What a turn of events. Today Gold futures go up near to 50 points and reached 1350 plus now from a low of 1300. 10 year Treasury note price also suddenly increases.
In the past, I did say to avoid some high dividend yield stocks as tapering of QE and rising of bond yield may cause these stocks to weaken. Well, there might be a change of plans now. There might be a short term turning point for these stocks. Let us see...
I will be looking closely at high dividend stocks, like utility and telecommunications stocks ie. M1, Starhub or Reits sector stocks.Recently these stocks are hit hard. Maybe maybe there might be some changes in plans now.
I shall closely monitor to see if Reits actually change its course. Let us study this together...
In the meantime, I would say tomorrow, do not buy at the open for local market, as market shall already gap up. Suggest all to be patient. Tomorrow may not be a good day to enter the market amid the hype. This hype might die down after the opening. Look at the market only after the hype dies down a bit.
Rgds
Daniel
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Dow Outlook
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guoyanyunyan
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25-Sep-2013 08:43
Yells: "uncertainty always exist" |
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Stocks end mostly lower, extend losing streakNEW YORK (MarketWatch) ? U.S. stocks ended mostly lower, with the Dow Jones Industrial Average and the S& P 500 extending their losing streaks to four days, as a drop in consumer confidence and worries over a Washington debt-ceiling fight outweighed a rise in home prices and easing concerns over the Middle East. The Dow Jones Industrial Average dropped 66.79 points, or 0.4%, to close at 15,334.59, while the S& P 500 shed 4.42 points, or 0.3%, to 1,697.42.. The Wall Street Journal reported that J.P. Morgan and the Justice Department have expanded talks to include a number of pending probes, with the bank offering potentially billions of dollars to end intense legal scrutiny. A news report late Monday said the bank could face another government lawsuit over sales of mortgage-backed securities. The Nasdaq Composite index, meanwhile, held on to a 3 point rise to finish at 3,768.25, halting a two-day losing streak. Applied Materials inc. surged 9.1% after it agreed to buy Tokyo Electron Ltd. for $9.3 billion. |
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guoyanyunyan
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24-Sep-2013 08:36
Yells: "uncertainty always exist" |
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U.S. Stocks Continue SlideNEW YORK--Stocks slipped Monday, extending Friday's steep declines, as investors tried to determine what Federal Reserve policy moves could be on the horizon. The Dow Jones Industrial Average slipped 49.71 points, or 0.3%, to 15401.38. The S& P 500 index lost 8.07 points, or 0.5%, to 1701.84. The Nasdaq Composite Index lost 9.44 points, or 0.3%, to 3765.29.Now, investors are wondering about the central bank's next move as they approach the end of the quarter, which has seen a 6% gain in the S& P 500. " If [a cut to bond purchases] is not in September or October, it's going to be in December, or February," said Mr. Steinmetz. " It's coming." But he doesn't think that a withdrawal of Fed stimulus will mean doom for stocks, because he expects growth to pick up in coming months. Traders said Monday's selling was subdued compared to Friday's steep declines, which came as four types of options and futures contracts expired. |
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guoyanyunyan
Elite |
23-Sep-2013 16:33
Yells: "uncertainty always exist" |
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Future green green. Tomorrow market will be better...?...
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guoyanyunyan
Elite |
21-Sep-2013 07:48
Yells: "uncertainty always exist" |
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U.S. stocks end Fed-driven week with a thudAfter the close, Dow components to change
NEW YORK (MarketWatch) ? U.S. stocks fell hard on Friday, but benchmark
indexes still managed to post a third week of gains, as investors
reacted to the uncertain science of reading verbal signals from U.S.
central bankers.
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guoyanyunyan
Elite |
20-Sep-2013 07:02
Yells: "uncertainty always exist" |
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U.S. stocks stall near Fed-fueled recordsNEW YORK (MarketWatch) ? U.S. stocks on Thursday mostly fell, with benchmark indexes retreating from record highs that came with the Federal Reserve?s unexpected decision not to begin cutting stimulus. Thursday?s trade is ?just a consolidation of yesterday people are still trying to absorb the lack of tapering and assess what it means,? said Kate Warne, investment strategist at Edward Jones. ?We still have the liquid backstop here,? said Eric Wiegand, portfolio manager at U.S. Bank Wealth Management. After a four-session winning run, the Dow Jones Industrial Average lost 40.39 points, or 0.3%, at 15,636.55. The S& P 500 index lost 3.18 points, or 0.2%, to 1,722.34. Bucking the negative trend, the Nasdaq Composite gained 5.74 points, or 0.2%, to 3,789.38. For every two stocks rising, roughly three fell on the New York Stock Exchange, where 738 million shares traded. Composite volume hit 3.7 billion. |
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guoyanyunyan
Elite |
19-Sep-2013 08:46
Yells: "uncertainty always exist" |
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A shocking surprise in QE decision causing DOW to pop and up by 170 points now! |
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guoyanyunyan
Elite |
19-Sep-2013 08:33
Yells: "uncertainty always exist" |
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Stocks rise to records as Fed delays taperGold prices jump and Treasury yields slide after FOMC moveNEW YORK (MarketWatch) ? U.S. stocks climbed to record highs on Wednesday and the benchmark 10-year Treasury yield fell sharply after the Federal Reserve abstained from reducing its bond buys. ?It?s like being at a party and more beer shows up. It?s a big surprise. No taper was not priced in, and you can see that by the market?s reaction,? said Eric Davidson, deputy chief investment officer at Wells Fargo Private Bank. Fed Chairman Ben Bernanke and his FOMC colleagues opted to maintain the central bank?s $85 billion in monthly bond purchases after climbing borrowing costs yielded indications that the economic recovery was slowing. Economists polled by MarketWatch had expected the Fed to reduce its monthly bond buys by $10 billion. In a news conference after the FOMC announcement, Bernanke said the central bank does not have a fixed calendar for reducing its bond purchases and any potential move would depend on economic data. Gold prices surged, the U.S. dollar fell sharply and both the Dow Jones Industrial Average and the S& P 500 topped their Aug. 2 records in the wake of the Fed decision. ?It just reaffirmed they are data dependent. If you look at the data from their last meeting, economic conditions have gotten worse, not better. So the Fed did the appropriate thing here,? said Art Hogan, market strategist at Lazard Capital Markets. Rising for a fourth session, the S& P 500 index rose to a an intraday record of 1,729.44, and ended at 1,725.52, up 20.76 points, or 1.2%. Utilities gained the most as investors were drawn to high dividend-yielding stocks. Extending gains into a fourth session, the Dow Jones Industrial Average rose to an intraday record of 15,709.58. It ended at a record 15,676.94, up 147.21 points, or 1%, with Alcoa Inc. leading gains that included 29 of its 30 components. The Nasdaq Composite advanced 37.94 points, or 1%, to 3,783.64. For every stock falling, six rose on the New York Stock Exchange, where nearly 820 million shares traded. Composite volume neared 4 billion. |
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guoyanyunyan
Elite |
18-Sep-2013 16:13
Yells: "uncertainty always exist" |
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LONDON (MarketWatch) -- European stock markets opened cautiously higher on Wednesday, as investors awaited the latest policy decision from the U.S. Federal Reserve, expected to announce the beginning of tapering of its asset purchases. ...while future green green...
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guoyanyunyan
Elite |
18-Sep-2013 10:18
Yells: "uncertainty always exist" |
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3 scenarios for how stocks will react to Fed decision 1) A rally if expectations met: Stocks could deliver a ?buy the news? rally if the Fed meets expectations, some strategists told MarketWatch. Consensus forecasts call for a $10 billion or $15 billion cut in the Fed?s $85 billion in monthly bond purchases. 2) Pop then drop if taper delayed: If the central back holds off on tapering, some strategists see stocks rallying for a few hours, then selling off since such a decision would indicate the economy can?t yet handle a reduction in stimulus measures. ?There might be a short-lived pop, but I believe once the market digests it, (stocks) would then sell off,? said Doug Coté, chief market strategist at ING U.S. Investment Management, in a recent interview. 3) Sell off on a big taper: If the taper is larger than expected, stocks would drop, said Quincy Krosby, a market strategist at Prudential Financial, in a recent interview. But then the market would get used to this decision, she said. So stocks would stabilize after the initial reaction. |
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guoyanyunyan
Elite |
18-Sep-2013 08:41
Yells: "uncertainty always exist" |
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Microsoft helps lift stocks to six-week highsS& P 500 Index scores first finish above 1,700 since Aug. 5NEW YORK (MarketWatch) ? U.S. stocks rose on Tuesday, with the S& P 500 index finishing above 1,700 for the first time since early August, after Microsoft Corp. hiked its dividend and as Wall Street awaited the next day?s monetary-policy decision from the Federal Reserve. ?After five months, the market is getting comfortable with the fact that the Fed will taper. The economic data have been okay, and Microsoft certainly helped today,? said Paul Nolte, managing director at Dearborn Partners in Chicago. The two-day FOMC meeting started Tuesday, with a policy decision expected at 2 p.m. Eastern on Wednesday. Most market participants expect the Fed to cut its $85 billion in monthly bond purchases, otherwise known as QE by $10 billion to $15 billion, although some believe the move may come later in the year. The central bank?s stimulus is credited with helping the S& P 500?s roughly 150% rebound from its March 2009 low. ?The economic data for the last three years have been okay, and it?s been hotly debated whether QE has been of benefit or not to the economy. Withdrawing it over a period of time makes sense, to allow the economy to adjust to it,? said Nolte. The Dow Jones Industrial Average climbed 34.95 points, or 0.2%, to 15,529.73, with Alcoa Inc. and Intel Corp. pacing gains that included 19 of its 30 components. Less than five points from its Aug. 2 record, the S& P 500 Index rose 7.16 points, or 0.4%, to 1,704.76, with technology and consumer discretionary pacing gains and materials the sole decliner among its 10 major industry groups. The Nasdaq Composite rose 27.85 points, or 0.8%, to 3,745.70. Advancing issues outran those declining by a more-than 2-to-1 ratio on the New York Stock Exchange, where 577 million shares traded. Composite volume approached 2.8 billion. |
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guoyanyunyan
Elite |
17-Sep-2013 08:31
Yells: "uncertainty always exist" |
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6 days bullish run of the DOW may halt for a while soon??Dear Friends,
Our proprietary CRS system seems to show that the Dow is bullish and keep bouncing off our CRS supporting lines. But I do believe that this bulllish run might stop a bit soon! Perhaps tomorrow we might see a bit of weakening from the indices these few days. When we say it might halt, I do not mean DOW will surely drop, but just that it might go sideways for a few days. Expectation of a small tapering might have been already factored into this run-up. So it will be normal that the market will be holding back after the announcement by FOMC 2moro. Time to monitor 2moro night's reactions and not advised to act now.  Rgds Daniel www.danielloh.com |
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guoyanyunyan
Elite |
17-Sep-2013 08:12
Yells: "uncertainty always exist" |
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S& P 500, Dow rise Apple hits Nasdaq CompositeNEW YORK (MarketWatch) ? U.S. stocks mostly rose on Monday, lifting the S& P 500 index to within reach of its record after Larry Summers took his name out of the running to head the Federal Reserve. ?Summers had been a critic of QE, and global markets are thrilled he will not be in charge of taking away their ?fix? too quickly,? wrote Nick Raich, chief executive officer at the Earnings Scout, in emailed commentary. Equities were also bolstered by a weekend agreement between the U.S. and Russia on a plan to get rid of Syria?s chemical weapons. ?After the initial shock of the Summers announcement begins to wear off, we expect the stock market to consolidate recent gains, as it digests Fed news and waits to see how developments in Syria progress,? noted Fred Dickson, chief investment strategist at Davidson Companies. The S& P 500 index on Monday came within five points of its record of 1,709.67 hit on Aug. 2. It finished at 1,697.60, up 9.61 points, or 0.6%. Industrials paced gains among its 10 major sectors, only one of which ? technology ? landed in negative turf. While the S& P 500 on Monday flirted with its first close above 1,700 in six weeks, a Citi Research analyst said he sees the index climbing to 1,900 by the end of 2014. After a 174-point rise, the Dow Jones Industrial Average gained 118.72 points, or 0.8%, to end at 15,494.78. After hitting a 13-year high of 3,756.24, the Nasdaq Composite fell 4.34 points, or 0.1%, to end at 3,717.85, hit by the losses for Apple. For every stock falling, more than two rose on the New York Stock Exchange, where 655 million shares traded. Composite volume neared 3.1 billion. |
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guoyanyunyan
Elite |
14-Sep-2013 08:45
Yells: "uncertainty always exist" |
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U.S. stocks knock out second week of gains
NEW YORK (MarketWatch) ? U.S. stocks rose on Friday, with the Dow
industrials posting their best week since January, as worries about
Syria ebbed and as investors looked to next week?s monetary-policy
decision by the Federal Reserve.
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guoyanyunyan
Elite |
13-Sep-2013 08:37
Yells: "uncertainty always exist" |
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U.S. stocks drop S& P 500 snaps win streakNEW YORK (MarketWatch) ? U.S. stocks declined on Thursday, with the S& P 500 snapping its seven-session winning streak, as investors worried about developments related to Syria and Federal Reserve policy moves. The Dow Jones Industrial Average dropped 25.96 points, or 0.2%, to 15,300.64. J.P. Morgan Chase & Co. fell 1.9%, making the bank the biggest decliner in the Dow. Halting its longest winning run since July, the S& P 500 dropped 5.71 points, or 0.3%, to 1,683.42, with materials and financials posting the biggest losses among its 10 major industry groups. The Nasdaq Composite lost 9.04 points, or 0.2%, to 3,715.97. More than 642 million shares traded on the New York Stock Exchange. Composite volume surpassed 3 billion shares. |
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guoyanyunyan
Elite |
12-Sep-2013 14:44
Yells: "uncertainty always exist" |
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Russia's Putin calls on U.S. not to attack SyriaLOS ANGELES (MarketWatch) -- Russian President Vladimir Putin, writing in a New York Times commentary on Wednesday, urged the U.S. not to strike Syria and called for any further action to be approved by the United Nations first. " The potential strike by the United States against Syria, despite strong opposition from many countries and major political and religious leaders, including the pope, will result in more innocent victims and escalation," Putin wrote. Putin, whose nation is seen as an influential ally of the Syrian regime, said that it was opposition forces that had used chemical weapons in order to provoke intervention, rather than government forces as the U.S. believes. He also said the U.N. would collapse just as the League of Nations did in the last century, " if influential countries bypass the United Nations and take military action without Security Council authorization." The Obama administration has said it would not seek Security Council approval for military action, as Russia would likely veto any such request. |
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guoyanyunyan
Elite |
12-Sep-2013 08:26
Yells: "uncertainty always exist" |
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Dow rallies, but Nasdaq down with AppleNEW YORK (MarketWatch) ? U.S. stocks tilted mostly higher on Wednesday, with the Dow industrials tallying a third day of triple-digit gains, as reduced worry about Syria countered Apple Inc.?s sharp drop. President Barack Obama?s decision to delay military action against Syria eased concerns, yet the issue remained on the back burner. ?If something were to go wrong, we would be back to focusing on Syria,? said Peter Cardillo, chief market economist at Rockwell Global Capital. Erasing losses and extending gains into a seventh session, the S& P 500 index added 5.14 points, or 0.3%, to end at 1,689.13, with consumer staples the best performing of its 10 major industry groups. The Nasdaq Composite lost 4.01 points, or 0.1%, to 3,725.01. The Dow Jones Industrial Average rose 135.54 points, or 0.9%, to 15,326.60, with IBM pacing blue-chip gains, up 2.2%, a day after agreeing to sell its customer care outsourcing business for $505 million to Synnex Corp. For every seven stocks falling, roughly eight gained on the New York Stock Exchange, where 657 million shares traded. Composite volume neared 3.1 billion. |
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guoyanyunyan
Elite |
11-Sep-2013 08:30
Yells: "uncertainty always exist" |
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U.S. stocks climb as diplomacy seen for SyriaStrong economic reports from China bolster case for equitiesNEW YORK (MarketWatch) ? U.S. stocks rallied on Tuesday, with the S& P 500 continuing its longest stretch of gains since mid-July, after upbeat data from China and amid heightened diplomacy on Syria. ?The market is happy we?re not going to have to go in and shoot missiles,? said JJ Kinahan, chief strategist at TD Ameritrade in Chicago, referring to Syria. ?And now we?re in spitting distance of 1,700 we may go up and test that over the next few days,? he said of the S& P 500 Index. Extending gains into a sixth consecutive session, the index rose 12.28 points, or 0.7%, to 1,683.99, with industrials leading gains that included all of its 10 major industry groups. The Dow Jones Industrial Average rose as many as 129 points, and ended at 15,191.06, up 127.94 points, or 0.9%. Both the S& P 500 and Dow industrials finished the session near four-week highs, while the Nasdaq Composite ended at a level not seen since 2000. The Nasdaq ended at 3,729.022, up 22.84 points, or 0.6%. For every share falling, nearly two gained on the New York Stock Exchange, where 773 million shares traded. Composite volume neared 3.6 billion. |
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guoyanyunyan
Elite |
10-Sep-2013 16:19
Yells: "uncertainty always exist" |
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European stocks rise after upbeat China dataLONDON (MarketWatch) -- European stock markets opened firmly higher on Tuesday after data from China showed both retail sales and industrial production rose more than expected in August. Investors also monitored developments in the Syria conflict after the U.S. said President Bashar al-Assad could avert a military strike by handing over his chemical weapons to the international community. The Stoxx Europe 600 index rose 0.8% to 308.30. Shares of Neste Oil Oyj rallied 13% after the firm upgraded its full-year guidance. Ashmore Group PLC picked up 5% after a well-received earnings report. Among country-specific indexes, the U.K.'s FTSE 100 index added 0.7% to 6,576.14, while France's CAC 40 index picked up 0.8% to 4,072.75. Germany's DAX 30 index jumped 1.2% to 8,376.20. |
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guoyanyunyan
Elite |
10-Sep-2013 16:16
Yells: "uncertainty always exist" |
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...future even brighter...
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guoyanyunyan
Elite |
10-Sep-2013 10:30
Yells: "uncertainty always exist" |
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...lets see toward end of day... is the future better or not...
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