| Latest Forum Topics / Insider Info/Tips |
 Post Reply
|
|
Dow Outlook
|
|||||||||||||||||||||||||
|
guoyanyunyan
Elite |
28-Aug-2013 08:13
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
U.S. Stocks Drop On Syria TensionsNEW YORK--Stocks dropped, with blue chips falling to two-month lows, as investors fretted over escalating tensions in Syria. Low volumes exacerbated the effect of the selling, and the drop in the market's benchmark indexes to fresh lows for the month also soured the market's technical outlook, traders said. While much of the chatter among traders Tuesday was about Syria, the sell-off extends a decline from recent weeks blamed on expectations that the Federal Reserve will decide in September to scale back its economic stimulus efforts. Adding to the negative tone Tuesday is increased saber rattling on Capitol Hill over the potential for a political battle over raising of the U.S. federal debt limit. The Dow Jones Industrial Average shed 170.33 points, or 1.1%, to 14776.13 in recent trade. The Dow closed at the lowest level since June 25. The S& P 500-stock index fell 26.30 points, or 1.6%, to 1630.48 and the Nasdaq Composite Index slid 79.05 points, or 2.2%, to 3578.52. The S& P 500 has lost 4.6% from its all-time closing high of 1709.67 on Aug. 2, but is still up 14% so far this year. " People are using Syria as an excuse to sell today," said Uri Landesman, president of New York-based hedge fund Platinum Partners. " The prospects of the U.S. [using military action] is not making investors particularly sanguine." He said light volumes, which are the norm for this time of the year as investors take vacation ahead of the long Labor Day weekend, is exaggerating the impact of fears over Syria. " Lower volume generally breeds greater volatility," Mr. Landesman said. " This is not the right week to have a crisis." " You're dealing with a thinner market," Mr. Lashinski said. " The technical backdrop is also becoming more pernicious." |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
27-Aug-2013 11:09
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Larry Summers to be next Fed chair, CNBC saysLOS ANGELES (MarketWatch) -- President Obama will likely name his former economic adviser Larry Summers as the next Federal Reserve chairman, though Summers is " still being vetted" for the job, CNBC reported Monday, citing an unnamed source from " Team Obama." Summers, who along with current Fed Vice Chair Janet Yellen is seen as a frontrunner to replace Ben Benrnanke, has faced some opposition from Democratic members of Congress over his role in easing Wall Street regulation when he served as Treasury secretary late in the Clinton administration. |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
|
guoyanyunyan
Elite |
27-Aug-2013 08:23
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
US Treasury to reach debt limit by mid-OctoberTreasury Secretary Jack Lew pressed Congress on Monday to allow the government to borrow more money, saying that it could default on its obligations if lawmakers do not act by mid-October. " Congress should act as soon as possible to protect America's good credit by extending normal borrowing authority well before any risk of default becomes imminent," Lew said in a letter to congressional leaders. The borrowing limit lift does not lead to increase in spending rather, it allows the Treasury to pay expenditures Congress has previously approved, he said. " If investors should become unwilling to loan the United States money, the United States could face an immediate cash shortfall," Lew said. In the summer of 2011, a fight over the government's debt limit turned into a crisis that weighed heavily on markets. Lew said earlier this year that the debt ceiling was unlikely to be reached until September. " People shouldn't relax?Congress should deal with this right away," he said at that time. " The uncertainty caused by putting this off is not good. The anxiety caused to the U.S. and world economy by putting this off until the last minute is not good." |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
27-Aug-2013 08:03
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Stocks turn lower as Dow falls below 15,000Stocks turned lower in late afternoon trading Monday as the Dow Jones industrial average slipped back below 15,000. After being up slightly for much of the day, stocks turned lower after Secretary of State John Kerry stepped up criticism of Syria, calling last week's attack a " moral obscenity." The Dow Jones industrial average fell 64.05,or 0.4% to close at 14,946.46. The S& P 500 index dropped 6.72, or 0.4% to 1,656.78. The tech-laden Nasdaq composite index was basically flat, closing 0.22 points lower to 3,657.57, even as Facebook shares continued to post gains. Since Aug. 20, shares of the social media giant have surged to nearly $42, continuing their recent climb. The shares were launched in May 2012 at $38 and topped $45 on the initial public offering date. On Monday, they rose 2% to $41.34, up more than 50% year to date. The yield on the 10-year Treasury note fell to 2.79% from 2.82% Friday, as investors digested an economic report out Monday showing that orders for durable goods -- lasting three years or more -- plunged in July. Excluding the volatile transportation sector, factory orders fell 0.6% after three straight months of gains. |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
26-Aug-2013 09:57
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
US Market Trend: Tiptoeing this week forward? DOW did manage to finally breaks its 6 consecutive days slide, which certainly has caused Asia market to really tumble. So far, DOW has slide 5% from the top. Temporarily, we think this slide has halted since Wednesday. Thursday and Friday ended at least in the positive region, gaining 130 points in the last 2 sessions. We do think that DOW is poised for a short term rebound with the expectations of August Non farm being the MEGA report coming out next Friday. The FED officials seem to all agree that the QE tapering decision hinges on that Non farm report before its decision in the FOMC meeting on the 17th and 18th of September. This should make the market tipping on toes this week. No major panic or direction before the report should be the direction of Wallstreet. In fact, we do predict that this week might end on a positive note for the DOW rather than a panic like the 6 days drop. www.danielloh.com |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
|
guoyanyunyan
Elite |
24-Aug-2013 10:57
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
U.S. stocks close higher Dow?s 3rd week of lossesSAN FRANCISCO (MarketWatch) ? U.S. stocks closed higher Friday, shaking off losses following disappointing new-home-sales data, but a big boost from Microsoft?s CEO news failed to raise the Dow industrials for the week. The Dow Jones Industrial Average rose 46.77 points, or 0.3%, to close at 15,010.51, but the index declined for a third consecutive week, its longest weekly losing streak since Nov. 16, 2012. Blue chips had plenty of support from shares of Microsoft Corp., which closed up 7.3% at $34.75, the best performer on the Dow following news that CEO Steve Ballmer will retire within 12 months. Both the S& P 500 Index and the Nasdaq Composite Index, however, snapped their two-week losing streaks. The S& P 500 index rose 6.54 points, or 0.4%, to close at 1,663.50 ? with telecom and materials stocks as the day?s best performers ? and log a 0.5% rise on the week. The Nasdaq Composite advanced 19.09 points, or 0.5%, to close at 3,657.79, for a weekly gain of 1.5%. Earlier in the morning, stocks faced headwinds from the release of new-home sales data, which was much weaker than expected. But as investors digested the housing data, stocks started clawing their way back into positive territory, likely treating the poor numbers as an argument for delaying tapering of the Federal Reserve?s asset purchases. |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
23-Aug-2013 08:29
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Nikkei Opens Higher On Wall St Gains, Dlr's FallTOKYO (NQN)--Tokyo stocks rebounded at the opening of Friday morning trade, with the Nikkei Stock Average rising 218 points to begin the day at 13,583. It is the first time for the benchmark index to reach the 13,500 line during trading hours since Aug. 20. Overnight Wall Street gains and the dollar's fall against the yen improved investor sentiment, prompting the purchase of a broad range of stocks, including automakers and other exporters.
|
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
23-Aug-2013 08:23
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
U.S. stocks close higher as Nasdaq restarts tradeDow industrials snap six-session losing streakSAN FRANCISCO (MarketWatch) ? U.S. stocks closed higher Thursday, getting a slight boost after Nasdaq-listed stocks resumed trading from a more than three-hour halt due to technical trouble. Snapping a six-session bout of losses, its longest since July 2012, the Dow Jones Industrial Average closed higher, rising 66.19 points, or 0.4%, to 14,963.74, a few points higher than it had been before the Nasdaq resumed trading. Energy and industrials paced sector gains on the S& P 500 index, which closed up 14.16 points, or 0.9%, at 1,656.96. Just after midday, the Nasdaq OMX Group said it had halted trading in all Nasdaq-listed securities due to technical issues. The New York Stock Exchange, BATS and DirectEdge exchanges also said they were halting trading in Nasdaq-listed shares. With trading re-opening at around 3:25 p.m. Eastern, the Nasdaq Composite closed up 38.92 points, or 1.1%, at 3,638.71. Before grinding to a halt, the index had been up 31.38 points. |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
|
guoyanyunyan
Elite |
22-Aug-2013 22:26
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Global manufacturing on the upswing, according to PMI dataSome of the most timely economic data points to an increase in global manufacturing activity in August. The so-called ?flash? purchasing managers indexes on manufacturing rose in the U.S., the euro zone and China, and each with readings above the 50 level signaling expansion. According to Markit, which compiles the data, that?s the first time since June 2011 that all three regions sported plus-50 readings. For the U.S., the PMI is ?reassuring? after more disappointing results from the Empire State and Philadelphia Fed surveys, according to J.P. Morgan?s Daniel Silver. |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
22-Aug-2013 15:42
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
European stocks rise after Fed minutes, China PMILONDON (MarketWatch) -- European stock markets showed broad-based gains at the open on Thursday, after minutes from the Federal Reserve's July meeting offered little news on the precise timing for a pullback in the bank's asset purchases. " The minutes gave a slightly more cautious take on the outlook, which could give the Fed more wiggle room to delay the start of tapering from the September date consensus now expects," said Robert Wood, chief U.K. economist at Berenberg in London. Markets also digested news from Asia, where the preliminary reading of China's manufacturing PMI showed a rebound to a four-month high in August. The Stoxx Europe 600 index climbed 0.4% to 301.74. France's CAC 40 index rose 0.5% to 4,034.15, as data showed the country's manufacturing PMI remained unchanged in August. Germany's DAX 30 index added 0.4% to 8,320.60, while the U.K.'s FTSE 100 index gained 0.4% to 6,417.77. |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
22-Aug-2013 15:37
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
...compare to morning, dow future has improve....
|
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
22-Aug-2013 09:10
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
It does not seem the weakness in DOW is stoppingDear Friends, I am looking for a pullback in the DOW after the FED minutes to save the fall. But it didn't. 6 days losing streak....the longest for this year. The DOW has now fallen about 4.5% from the high. When the FED minutes is released at 2pm, DOW seems to go back up a bit. But now before closing, it comes back down to end 100 points down. Let us see if the Jackson Hold meeting starting 2moro gives any indication of a reversal. A triple digit increase would gives the push the market needed. Having said that, STI has a support region around 3000-3100. The last low is around 3060. So I am looking at a strong support around that region. But all things do depend on US market. Let us be a bit patient. Time to do your homework and see which are the stocks to look at. I will give my views of some singapore stocks at the next article. Stay tuned... Rgds Daniel www.danielloh.com |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
|
guoyanyunyan
Elite |
22-Aug-2013 08:39
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
U.S. stocks stumble as Fed taper factoredDow average drops for sixth session, longest streak in 13 monthsNEW YORK (MarketWatch) ? U.S. stocks ended sharply lower Wednesday, losing grip on a late-afternoon recovery, as investors weighed the Federal Reserve?s signaling that it remained on course to curb its monthly bond purchases by the end of the year. Fed officials are ?broadly comfortable? with Chairman Ben Bernanke?s plan to begin reducing the asset buying later this year so long as the economy improves, with a few FOMC members indicating tapering might be called for soon, according to the minutes released Wednesday afternoon. ?The market has not fully backed in the prospect of it actually occurring in September,? said Mark Luschini, chief investment strategist at Janney Montgomery Scott. Extending losses into a sixth session, the Dow industrials fell as much as 122.15 points in the immediate of the Fed release, only to repeal those losses and then resume them. Finishing below 15,000 for the first time since July 3, the Dow ended at 14,897.55, down 105.44 points, or 0.7%. The S& P 500 index lost 9.55 points, or 0.6%, to 1,642.80, with utilities and telecommunications the worst performing of its major sectors, all of which closed lower. The Nasdaq Composite retreated 13.80 points, or 0.4%, to 3,599.79. For every share rising, roughly three fell on the New York Stock Exchange, where 657 million shares traded. Composite volume exceeded 2.9 billion. |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
21-Aug-2013 08:47
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Dow drops for fifth straight day S& P 500 risesStocks closed mixed Tuesday as the Dow Jones industrial average gave back all of its gains late in the session and fell for a fifth consecutive day. The Standard & Poor's 500 and Nasdaq composite index both rose. After a brief dip below the key 15,000 level early in the morning, the Dow climbed back by midday and then slid again late in the session. The Dow closed down 7.75 points, or 0.05%, to close at 15,002.99. It's the longest losing streak for the blue-chip index in 2013. The last time it closed below 15,000 was July 3. It crossed the milestone for the first time back on May 7. The S& P 500 ended a four-day losing streak and rose 6.29, or 0.4%, to close at 1,652.35. The Nasdaq composite index gained 24.50, or 0.7% to 3,613.59. Stocks were helped by better results from some of the nation's leading retailers but hurt by steep declines in emerging markets. Investors were also looking forward to Wednesday's release of the minutes from the Federal Reserve's July policy meeting. |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
20-Aug-2013 09:34
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
3 reasons to be bullish on U.S. stocks1. Many current uncertainties are understood Even with all the uncertainty surrounding markets, there?s been a lot of time for investors to digest it and price it accordingly. ?The most bullish argument is that the unknowns are fairly well understood,? said ConvergEx?s Colas, referring to the eventuality of tapering and the likelihood of a new Fed chair. ?We have a comprehensive list.? Plus, even with all this uncertainty, volatility is still relatively low, he noted. With a long-run average of 20, the CBOE Volatility Index is still around 15. Plus, uncertainty might be good for markets in the short term as the ?bad news is good news? dynamic is still in effect if poor economic data push the tapering time frame further out. ?Should upcoming economic releases point to continued weakening of economic growth, investor confidence may be buoyed by a delay in the start of the taper,? said S& P?s Stovall. 2. There are still pockets of value in stocks Despite the selloff in August, stocks are still near record highs, which worries some investors that they?re overpriced for the most part. That doesn?t mean, however, there aren?t places with upside potential based on certain metrics, according to Savita Subramanian, equity and quant strategist at Bank of America Merrill Lynch in a recent note. Even though Subramanian downgraded the consumer-discretionary sector to underweight recently, she still sees upside in some of the subsectors, namely multiline retail based on price to operating cashflow, and media based on forward price to earnings. Among the broader sectors, health care is 31% below its average price-to-book ratio, telecom is 49% below its average price to operating cash flow, and tech is 36% below its forward P/E ratio. 3. Housing continues to recover even with higher interest rates As mortgage rates climb, they don?t seem to be making a huge dent in the housing recovery, which is considered to be key in the overall economic recovery. New-home construction showed gains in July and home-builder confidence has hit its highest level in eight years. ?While higher rates have provided a headwind for many housing statistics of late, affordability remains high, inventories are shrinking, and sales are moving up,? said Jason Pride, director of investment strategy at Glenmede in a recent note. ?Housing will likely continue to be a tailwind for the economy.? |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
20-Aug-2013 09:28
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
3 reasons to be bearish on U.S. stocks1. Nobody knows where interest rates are going ?Wall Street hates uncertainty, and right now discerning the appropriate yield on the 10-year Treasury note is resulting in an awful lot of uncertainty,? said Sam Stovall, chief equity strategist at S& P Capital IQ, in a recent note. Given the traditional spread of the 10-year note between nominal GDP and the headline consumer price index (CPI), the ?correct? yield of the 10-year note should fall between 3.0% and 4.2%, a very wide range indeed. On Monday, yields were at their highest level in two years with the 10-year flirting with 3%. ?Right now there?s continued pressure on [stock] prices on where the 10-year note will nestle itself,? Stovall said in an interview. The prospect of higher interest rates is the biggest argument for bearish sentiment, said Nick Colas, chief market strategist at ConvergEx Group, a global brokerage company based in New York. If they continue to go up, they?ll likely cut into consumer spending in the fourth quarter, proportionally the most important quarter because of the big retail component, and that could put even more pressure on stock prices, he said. 2. September brings the return of Congress and promises more infighting Two years ago, political fighting over the debt ceiling was widely blamed for trashing markets (the S& P 500 dropping more than 17% in two weeks) and prompting Standard & Poor?s to cut the U.S. triple-A rating. Congress is going to have to take the issue up again when it gets back from its summer recess. Plus, the sequestration wasn?t just limited to 2013, said Colas. Another $109 billion is scheduled to get dropped from the federal budget in 2014 unless a compromise is reached. ?That?s a headwind by anyone?s assessment, and unlike the 2013 cuts, the Federal Reserve will be reducing their bond buying rather than increasing it,? he noted. 3. Uncertainty at the Federal Reserve It?s still up in the air when actual tapering of the Federal Reserve?s $85 billion-a-month in asset purchases will begin with some expecting a start in September and others looking at December or beyond. Plus, with Fed Chairman Ben Bernanke seen as not seeking another term, the two top candidates to replace him are Vice Chair Janet Yellen and former Treasury Secretary Larry Summers, who is expected to likely hike interest rates sooner rather than later. |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
20-Aug-2013 08:31
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
U.S. stocks end lower yields hit 2-year highsNEW YORK (MarketWatch) ? U.S. stocks dropped on Monday after a choppy trading session, with the energy and financial sectors leading the S& P 500 lower, as Treasury yields hit fresh two-year highs. The Dow Jones Industrial Average fell 70.73 points, or 0.5%, to end at 15,010.74, with 23 of its 30 components ending in negative territory. The S& P 500 declined 9.77 points, or 0.6%, to 1,646.06. This was the fourth consecutive session of declines for both the Dow industrials and the S& P 500, marking the longest losing streak since Dec. 28, 2012, when the market fell for five straight trading days. More than 640 million shares traded on the New York Stock Exchange and composite volume topped 2.8 billion. The Nasdaq Composite fell 13.69 points, or 0.4%, to 3,589.09. ?It feels like interest rates have probably overshot to the upside,? with the yield on the 10-year note likely headed toward the 3% level, said Randy Frederick, managing director of active trading and derivatives at the Schwab Center for Financial Research in Austin, Texas. Rising yields can undercut stocks due to fears that higher borrowing costs will slow economic activity. |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
19-Aug-2013 21:13
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Traders beware: Six weeks of intense volatility aheadA relatively light few weeks of market news might have lulled traders into false sense of security, but one analyst told CNBC investors should now prepare for an intense period of volatility. " We have so much event risk over the next six weeks: tapering, German elections and a decision on the Japanese consumption tax. Markets are going to be incredibly volatile," Paul Krake, founder of Hong Kong investment firm View From the Peak: Macro Strategies. First in line will be the much anticipated FOMC meeting on September 17-18, where Fed chairman Ben Bernanke is expected by some to start winding back the bank's $85 billion per month bond buying program by $20 billion per month. After months of speculation, and volatile reactions to any kind of indication of a taper, many analysts fear a heavy correction once the tapering finally takes place. But Krake said although he expected the event to cause volatility, the reaction might not be as heavy as many expect. " You're going to have a near term correction of around 5% [in the S& P 500], maybe a little more, in the big picture that's nothing," he said. " There is going to be a realization that despite that fact that the Fed is going to be buying less bonds they are still going to be buying bonds, just at a slower pace. At the end of the day policy is very constructive for equities." Following the FOMC meeting, traders will have only a few days to recover before another major risk event, the German elections on September 22, dubbed by many as the most important event of the year for Europe. Chancellor Angela Merkel is broadly seen as a " shoe in" , but Krake said the event is bound to cause volatility in the run-up and in the aftermath. On Sunday, Merkel warned her supporters not to get complacent over her expected win, warning that the election would be a " close call" . " Germany is the most important economy and most important leader in Europe. It will be a positive response when she wins, because sometimes markets don't look at opinion polls... but markets would get trashed if she lost," said Krake. The third major risk event to shape markets in the next six weeks, according to Krake, will be the Japanese government's decision on whether or not to push through its plans for a consumption tax hike. The tax proposal seeks to hike the rate from 5 to 8% in April next year and to 10% by October 2015. The tax hike is considered a vital step towards getting Japan's fiscal house in order, but critics say it risks damaging the county's fragile growth trajectory. A decision on the issue is expected to be taken in late September to early October, Reuters reported earlier this month. Krake said a delay would cause a broad sell-off in Japanese equities, and a surge in yen strength. " If they walk on this, foreigners will react badly and dump Japanese equities. It's not a yen weakening event, it's a yen strengthening event as that's a risk-off scenario," he said. |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
17-Aug-2013 08:10
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
Stocks fall Friday Dow sees worst week of yearBlue-chip index falls 344 points for the weekNEW YORK (MarketWatch) ? U.S. stocks declined on Friday, handing the Dow Jones Industrial Average its worst week this year, with investors on uncertain footing as longer-term Treasury yields rose to two-year highs. The Dow slid 30.72 points, or 0.2%, to finish at 15,081.47, while the S& P 500 index fell 5.49 points, or 0.3%, to close at 1,655.83. The Nasdaq Composite shed 3.34 points, or 0.1%, to end at 3,602.78. For the week, the Dow lost 344 points, or 2.2%, suffering its biggest weekly percentage drop and point loss of 2013. It was the blue-chip index?s worst weekly percentage slide since May 2012, and its largest point decline since June 2012. The S& P 500 slumped nearly 36 points, or 2.10%, for the week, suffering its biggest weekly point drop of the year, but not its biggest percentage decline. The tech-heavy Nasdaq was down just 1.6% for the week, as Apple?s weekly gain provided a boost. All three main stock indexes lost ground for the second week in a row. |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
|
guoyanyunyan
Elite |
16-Aug-2013 12:13
Yells: "uncertainty always exist" |
||||||||||||||||||||||||
|
x 0
x 0 Alert Admin |
US market does seems to turn weak with Technogical and Energy sector turning bearishDear Friends,
Our Market Sentiment indicator, an indicator that tracks all the 9 sectors in US is showing us that Technology and Energy sectors had turned bearish yesterday. It is a call for us to be careful as Tech and Energy are the major sectors of US Economy. Our market sentiment indicator: http://www.danielloh.com/2013/08/market-sentiment-indicator-for-9-aug_16.html It may be time to take some profits off the table if you are a short or mid term investor. Yesterday the drop of 226 points is hard. I never like DOW dropping 100 points and ending the day at its lowest. Yesterday is also the second day DOW drops a triple digit figure. OUCH! Triple digit drop indicates waning confidence. Let us not be too confident of the market now, especially when US is showing some weariness now. Advice for investors: 1) Don't plunge all of your hard earn savings inside to buy some stocks that you think is cheap. Small lots are preferred if you want. 2) If you enter, do think of your exit strategy 3) For the experienced, maintaining a hedging position helps, meaning shorting some counters. Rgds Daniel www.danielloh.com |
||||||||||||||||||||||||
| Useful To Me Not Useful To Me | |||||||||||||||||||||||||
