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DOW
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lookcc
Master |
16-May-2008 21:05
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x 0
x 0 Alert Admin |
dow futures now up 22 pts n shud consumer sentiment level at 10 am ET, b 62.5 or abv, then dow wud close postv...also housing starts surprisingly up 8.2% (1 mln against expectation of 940k, some expected 912k) n housing permits also up.....cud b things slowly brightening up. | ||
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AK_Francis
Supreme |
16-May-2008 09:34
Yells: "Happy go lucky, cheers." |
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x 0
x 1 Alert Admin |
DOW up 2 dys leow, may see red, as some sifus said, tonite on profit taking before weekend. We can chow before them today. Cheers. | ||
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mirage
Veteran |
16-May-2008 08:50
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x 0
x 0 Alert Admin |
Quotes: News late in the session that key members of the US Senate reached a deal on a housing rescue plan raised hopes for the beleaguered home market. Financier Carl Icahn started a proxy battle to get control of Yahoo and force it to strike a deal with Microsoft Corp. Other deal news included CBS's plan to buy CNET Networks. 'Tech is doing great ... That's very encouraging and the Nasdaq chart is the strongest one out there right now,' said Mr Joe Saluzzi, co-manager of trading at Themis Trading, in Chatham, New Jersey. The Dow Jones industrial average shot up 94.28 points, or 0.73 per cent, to end at 12,992.66. The Standard & Poor's 500 Index rose 14.91 points, or 1.06 per cent, to 1,423.57. The Nasdaq Composite Index climbed 37.03 points, or 1.48 per cent, to close at 2,533.73. Trading volume continued to be very light on the New York Stock Exchange, with about 1.20 billion shares changing hands, well below last year's estimated daily average of roughly 1.90 billion. On Monday, NYSE volume hit its low for the year at 1.05 billion. Soxx up, CNET soars Intel was up US$1.13 at US$24.97, while the Philadelphia Stock Exchange index of semiconductors rose 2.1 per cent. June crude dipped 10 cents to settle at US$124.12. Traders said a surprisingly large increase in US natural gas inventories contributed to crude's fall. Earlier this week, US crude hit an intraday record at US$126.98 a barrel. 'Oil sold off, which was nice, even though it's still very high. That's part of what happened,' said Mr Todd Leone. head of listed trading at Cowen in New York. In the sweeping housing rescue plan, the two largest US housing finance companies, Fannie Mae and Freddie Mac, would backstop a government mortgage insurance fund, two industry sources told Reuters. Shares of home builders surged after the news. An index of home builders rose 3.7 per cent. On the Nasdaq, Yahoo shares gained 2.3 per cent to US$27.75, while Microsoft rose 1.7 per cent to US$30.45. When talks between Microsoft and Yahoo ended earlier this month, the software company was offering US$33 a share for Yahoo, but the Internet company was holding out for US$37. Shares of CBS slid 2.4 per cent to US$24.23 on the NYSE, while shares of CNET surged 43.5 per cent to US$11.41. CNET was the Nasdaq's second-biggest percentage gainer. JC Penney shines Retailers benefitted after JC Penney said its earnings in the current quarter could top analysts' forecasts. The outlook drove JC Penney's battered stock up 4.7 per cent to US$46.32 even though it posted a 50 per cent profit drop in the first quarter. Data painted a mostly weak picture of the US economy. A report showed softer-than-expected US industrial output for April and a manufacturing report from the New York Federal Reserve Bank was also weak. Meanwhile, initial jobless claims rose slightly more than expected in the latest week. Volume on Nasdaq was stronger than on the NYSE. About 2.22 billion shares traded, above last year's daily average of 2.17 billion. Advancing stocks outnumbered declining ones by a ratio of about 7 to 3 on the NYSE and by 8 to 5 on Nasdaq. -- REUTERS |
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tanglinboy
Elite |
16-May-2008 07:05
Yells: "hello!" |
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x 1
x 0 Alert Admin |
DOW up 94 points. Just shy of 13,000 !! |
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cashiertan
Elite |
15-May-2008 23:32
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x 0
x 1 Alert Admin |
Dow at resistance area. got profit take some. i rather miss the opportunity that it jump up than rather kana it jump down.. | ||
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lookcc
Master |
15-May-2008 22:02
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x 0
x 0 Alert Admin |
nowadays looks like dow has little, sometimes no influence on sti, hsi nikkei unless it is negtv or postv 3-digit pts. | ||
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cashiertan
Elite |
15-May-2008 15:02
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x 0
x 1 Alert Admin |
i see bearish head and shoulder potential. can consider to take some profit if any | ||
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idesa168
Elite |
15-May-2008 12:48
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x 0
x 0 Alert Admin |
OOOoooo...... A-Cup or C-Cup? If A-Cup then no meat, I will not touch!...hehehe!!!
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ViperG
Senior |
15-May-2008 12:12
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x 0
x 1 Alert Admin |
Hopefully...it will be down, up, down, down and down!! hehe | ||
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des_khor
Supreme |
15-May-2008 11:02
Yells: "Tell me who is the God or MFT from this forum??" |
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x 0
x 0 Alert Admin |
Tonight will be in the red as before closing down like n turn !!! | ||
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DnApeh
Master |
14-May-2008 22:50
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x 0
x 0 Alert Admin |
Hi, idesa168. Cup & handle pattern in past 5 days DJ 5 mins chart. Hee,hee! |
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jasonrxz
Senior |
14-May-2008 22:16
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x 0
x 0 Alert Admin |
yeah yeah yeah.....
will be a buying day tomolo rather than selling on strenght i hope cos alot of people had took their well deserved profit already...New fresh positions will be lock in on alot of counter tomolo morning and hope to catch those potential ones....
Hurray to Dow Jones 100+ upward swing as inflation is easing slightly..... Hoping STI can follow... OOH ya.. have to hope that the opening gain will not be digested in the later hour in STATES,...,,,,...
Quite confident that the gain will be at least 70pts at closing....
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singaporegal
Supreme |
14-May-2008 22:10
Yells: "Female TA nut" |
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x 1
x 0 Alert Admin |
Dow up 90+ points. | ||
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aleoleo
Master |
13-May-2008 22:21
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x 0
x 0 Alert Admin |
DJ behaviour, one day up, the next two days down again. China earthquake, S-chip also earthquake. Let's concentrate on local counters then...
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tanglinboy
Elite |
13-May-2008 21:48
Yells: "hello!" |
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x 0
x 0 Alert Admin |
Bernanke: Turmoil in markets easingFed chief says financial markets calming as a result of central bank's measures, but still have a long way to go.WASHINGTON (AP) -- Turmoil in financial markets has eased somewhat, but the situation is still "far from normal," Federal Reserve Chairman Ben Bernanke said Tuesday. The central bank has taken a number of unconventional steps - especially since March, when the credit crisis intensified - to help squeezed banks and big investment firms overcome problems and try to get credit flowing more freely again. Those efforts appear to be paying off and "have contributed to some improvement in financing markets," the Fed chief said in prepared remarks delivered via satellite to a financial markets conference sponsored by the Federal Reserve Bank of Atlanta in Sea Island, Ga. Bernanke noted some improvements in the markets for certain mortgage-backed securities, such as those backed by Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500), as well as some fixed-rate mortgages and corporate debt. Moreover, the Fed's extraordinary decision in March to let investment firms go to the Fed for emergency loans "seems to have bolstered confidence," Bernanke said. "These are welcome signs, of course, but at this stage conditions in financial markets are still far from normal," he said. For instance, there are still strains involving a widely used interest rate called the London interbank offered rate, or Libor, Bernanke said. And "funding pressures" have also been evident in the "strong participation" of commercial banks in a Fed auction program that has made billions of dollars available in short-term cash loans, he said. Bernanke said the Fed policymakers "stand ready" to further increase the size of these loans in the future if warranted by financial developments. In his speech, Bernanke did not talk about the Fed's next move on interest rates or the broader state of the U.S. economy, which many fear is on the edge of a recession or in one already. Fed measures paying off To bolster the economy, the Fed last month cut a key interest rate by one-quarter percentage point to 2%. At the same time, policymakers indicated that their rate-cutting campaign, which started in September, could be drawing to a close. If that happens, many economists believe the Fed will focus more on its various efforts to relieve stressed credit markets. After a run on Bear Stearns (BSC, Fortune 500) pushed the nation's fifth-largest investment bank to the brink of bankruptcy in March, fears grew that others might be in jeopardy, given major stresses in credit and financial markets at that time. Scrambling to avert a market meltdown, the Fed - in the broadest use of the central bank's lending authority since the 1930s - agreed in March to temporarily let investment firms obtain emergency financing from the Fed, a privilege previously granted only to commercial banks. That's one of the Fed's most significant actions. The Fed also has moved to make cash loans to commercial banks and to make super-safe Treasury securities available to investment firms. All these efforts are aimed at bolstering confidence and getting firms to behave in a more normal fashion so they'll be more inclined to lend to each other, consumers and businesses. Ultimately, financial companies will need to raise new capital and improve risk management to address the fundamental sources of financial strains, Bernanke said. "This process is likely to take some time," he added. And once financial conditions become more normal, the extraordinary provisions to provide ready sources of cash to financial institutions will no longer be needed, he said. Weary of moral hazard Even as the Fed has stepped in to provide such help, it also is mindful of creating a "moral hazard," where financial institutions might be more inclined to take certain risks if they believe the Fed will be there to bail them out. "The problem of moral hazard can perhaps be most effectively addressed by prudential supervision and regulation that ensures that financial institutions manage their liquidity risks effectively in advance of the crisis," Bernanke said. The Fed is reviewing its policies on this front to see if improvements can be made, he said. "Of course, even the most carefully crafted regulations cannot ensure that liquidity crises will not happen again," Bernanke said. But if moral hazard is mitigated and if financial institutions and investors tighten up risk-management practices, "the frequency and the severity of future crises should be significantly reduced," he said.  |
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idesa168
Elite |
13-May-2008 21:00
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x 0
x 0 Alert Admin |
mmm...some good news seems to be firing up the Dow Futures agressively. Even the European mkt also cheong up from down under....expecting green green in dow tonight I think!!! | ||
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idesa168
Elite |
13-May-2008 20:25
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x 0
x 0 Alert Admin |
I think tonight dun need to stay up late to see DOW...it's a mixed bag - oil up, gold down, Dow futures down, Wal-Mart result ok. So DOW tonight will not be much of movement either way.... STI is on it's own tomorrow...cheers! | ||
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idesa168
Elite |
13-May-2008 18:14
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x 1
x 0 Alert Admin |
If commodity prices are down tonight and coupled with a decent set of earning result from Wal-Mart, I guess tonight uncle DOW might add another 100+ points, which gives reasons for us next morning to celebrate...hehehe!!! | ||
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cyjjerry85
Elite |
13-May-2008 18:06
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x 0
x 0 Alert Admin |
LONDON (CNNMoney.com) -- U.S. stock futures fell Tuesday as investors awaited quarterly earnings from retail giant Wal-Mart. At 5:10 a.m. ET, Nasdaq and S&P futures were lower and pointing to early declines for Wall Street. But the mood could shift after investors get the latest on the health of consumer spending. Wal-Mart (WMT, Fortune 500) is due to post its quarterly results before the market open. The Commerce Department's report on April retail sales also is due to be released before the opening bell. In major deal news, HP (HPQ, Fortune 500) is reportedly close to a deal to buy EDS (EDS, Fortune 500) for up to $13 billion. The move is seen as an attempt by HP to better compete with IBM (IBM, Fortune 500).In global trade, stocks in Japan and Hong Kong rallied. But China stocks sank after a major earthquake there. European stocks were mixed in morning trading. |
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cyjjerry85
Elite |
13-May-2008 08:04
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x 1
x 0 Alert Admin |
nobody expected this surge right? neither did i...  Stocks stage recoveryWall Street gains as investors eye falling commodity prices and scoop up equities after last week's decline.NEW YORK (CNNMoney.com) -- Stocks surged Monday as investors shrugged off a spate of negative company news and opted to scoop up a variety of shares battered in last week's selloff. The Dow Jones industrial average (INDU) added 1%. The broader Standard & Poor's 500 (SPX) index gained 1.1% and the Nasdaq composite (COMP) rose nearly 1.8%. After the close, Hewlett-Packard (HPQ, Fortune 500) said its in talks to purchase EDS (EDS, Fortune 500), confirming earlier reports that speculated a deal for the computer services company could be worth $12 billion to $13 billion. Stocks slumped last week, for the first time in a month, as record oil and gas prices exacerbated fears about inflation and AIG's weak quarter revived worries about the credit crisis. Those concerns remained in place Monday, but the selloff last week also gave investors an opportunity to step back in at somewhat lower levels, said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. "You essentially had news late Friday and this morning that was negative, but people are ignoring it and playing the technical trade," he said. Because the major gauges tested key levels next week and were able to hold onto them, there is now the possibility of bouncing for a few sessions, he said. In addition, investors continue to have a better perspective on the outlook for the economy, following the series of Federal Reserve interest rate cuts and monetary infusions. "Earnings season is winding down and the bulls are relieved that it wasn't worse," Detrick said. "And there's a sense that the Fed [Federal Reserve]has done its job and that some of the economic news has shown improvement." The economic news will need to continue showing that improvement over the next few months in order for stocks to post bigger gains beyond the recent range. However, even if stocks are rangebound for a while, the sentiment seems to have improved, said Kenny Landgraf, principal at Kenjol Capital Management. "There's been somewhat of a restoration of confidence," Landgraf said. "That doesn't mean we won't have more problems, but there is a sense that conditions have improved." Tuesday brings reports on April retail sales and March business inventories and earnings reports from Liz Claiborne (LIZ, Fortune 500) and Wal-Mart Stores (WMT, Fortune 500). |
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