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DOW
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elfinchilde
Elite |
26-Feb-2008 00:41
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x 0
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don't dream, people. follow the trend. this is a trader's market. volatility is a trader's friend. there's been 'operations' on quite a few counters already. concluded ones: jade, ara, centillion, tat hong, ferrochina, ezra, golden agri, wilmar. biosensors. just to name a few. ones to watch out for now (just my opinion): Gen Int, tat hong. ferrochina. note of the three: tat hong is near -100 oversold on williams. so a swing either way is possible now. GIL has some breakout due. think may dip to 58 then up to 63 again. alternatively, the 61.5-62 will hold, which gives a higher price range trading. FC is waiting. if can break 1.7 on increasing buy vols, next resistances are at 1.8 and 2.07. cheers! note: concluded play in some. currently vested in some, not vested in others. fyi only; usual caveat applies. |
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cyjjerry85
Elite |
26-Feb-2008 00:20
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tt would certainly be a delightful dream...haha` |
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viruz7667
Senior |
26-Feb-2008 00:00
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ya..i rather DOW is like last Friday.....too early gains, damn scary....if everything goes well...juz for once? likely? unlikely.......DOW closed above 100? hehe....in my dream soon....but hope is real when i wake up! |
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cyjjerry85
Elite |
25-Feb-2008 23:56
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scary to see it cheong up like that so early before 12am leh...the gradient so steep...later plunge also die more horrible last min... but nevertheless...exciting to see those wild swings...can really give a "solid heart attack man" .. anyway, besides the "hope" that investors are clinging on...another thing is that most of us are already stale and numb with all these bad news...its like a reverse psychology now...as long as there's a bit of good news...it will rally upwards...just like the Home Sales...the actual figures are better than forecasted (even though negative..) ...well tt's an example unlike the Jan period whereby a single good news is nothing...but very bad news is something... |
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moneyface
Senior |
25-Feb-2008 23:50
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we are just 25points from the magical 12500 maek |
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winsontkl
Elite |
25-Feb-2008 23:43
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Highly possible .........as presently all invetors in US are clining onto the hope that ailing bond insurer Ambac Financial Group Inc. would receive a capital injection which would save its credit rating rather than hard facts figure on the sales of existing homes fell to the lowest level in nearly a decade in January .... dropped for the fifth straight month. Seem like the case of focusing on hopes rather than on facts.... Siam arh, Siam arh ..... |
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cyjjerry85
Elite |
25-Feb-2008 23:39
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tt's the exciting and interesting part~!!! we never know till the end of the day for DJI |
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moneyface
Senior |
25-Feb-2008 23:36
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will the gains fizzle out in the end again? |
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cyjjerry85
Elite |
25-Feb-2008 23:11
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From CNN Money: BREAKING
NEWS Existing home sales drop 0.4% to a better-than-expected 4.89 million units. More soon.
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tanglinboy
Elite |
25-Feb-2008 21:00
Yells: "hello!" |
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Top economists see signs of recessionSurveyed economists see growing evidence that the country has toppled into a recession.WASHINGTON (AP) -- Job growth is faltering, consumer confidence plunging. The fallout from the worst housing slump in a quarter-century grows. Wherever you look, the signs are unmistakable that the economy is in trouble. Because of all the bad news, more and more economists foresee the country falling into a recession, according to the latest survey by the National Association for Business Economics. The group said in a report being released Monday that 45% of the economists on its forecasting panel expect a recession this year. In September, only one in four economists was pessimistic enough to put the chance of a recession at 35% or higher. The drumbeat of bad news since last fall has caused many analysts to consider a recession more likely now, said Ellen Hughes-Cromwick, chief economist at Ford Motor Co. (F, Fortune 500) and NABE's current president. The survey shows that 55% still believe the country will be able to skate by without falling into an actual downturn, typically defined as two consecutive quarters of declines in the gross domestic output, the broadest measure of economic health. All the analysts, however, expect growth to slow considerably this year. The forecasters believe GDP will expand by 1.8% this year, which would be the weakest growth in five years. That compares with an estimate of 2.5% growth for 2008 made in the previous survey, in November. The new estimate is in line with a downgraded forecast from the Federal Reserve this past week. The NABE forecast reflects the expectation the economy will grow only sluggishly or actually contract from January through June. Then it is seen starting to expand more strongly in the second half of the year. Helping accomplish that is a $168 billion federal aid plan, with its rebate checks for millions of families, and aggressive interest rate cuts from the Fed. The panel of 47 top forecasters thinks "any recession, if it occurs, will be short and shallow," Hughes-Cromwick said. The biggest change in the new survey involves the outlook for interest rates. In November, economists expected the Fed would keep a key rate, the federal funds rate, at 4.5% through all of 2008. That rate, the target for overnight bank loans, already is at 3%, after significant cuts by the Fed in January. Fed Chairman Ben Bernanke has indicated that further rate cuts will be coming if the economy fails to rebound. So the NABE experts now predict the funds rate will end this year at 2.5%. Inflation is expected to moderate greatly this year as the weak economy cools price pressures. Inflation shot up by 4.1% in 2007, the biggest jump in 17 years. The Consumer Price Index is forecast to rise by 2.5%. That is based in part on the NABE panel's view that demand will weaken for oil and the barrel price will drop to about $84 by December. The current trend, however, is up; crude oil jumped to all-time highs above $100 per barrel over the last week. The weaker growth will mean higher unemployment, according to the forecasters. They predict that the jobless rate for 2008 will average 5.2%, compared with 4.6% last year. Mark Zandi, chief economist at Moody's Economy.com and a NABE panelist, said he believed the economy entered into a recession in December and it will pull out of the downturn in June, aided by the rebate checks that begin going out in May. If problems worsen for the financial industry, hard hit by the housing downturn, then Zandi said Washington will rush through a second rescue measure because nervous politicians will not want to be seen as dawdling before the November elections. "A recession in an election year represents a problem for incumbents," Zandi said. "That is why the first stimulus package got passed so quickly and that is why I expect more of a policy response before this is all over." A second panel member, David Wyss, chief economist at Standard & Poor's in New York, also believes the country is now in a recession. While he believes the economic aid plan signed by President Bush should make the downturn a mild one, he worries the economy could falter again next year. "There is a danger that this could turn into a double-dip recession," he said. "Once the rebate checks are spent, we could go back down again." The latest NABE forecast, however, shows the economy continuing to grow in 2009. It predicts a modest GDP increase of 2.7% for the whole year, compared with the 1.8% expected this year and the 2.2% actual GDP growth in 2007.  |
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cyjjerry85
Elite |
25-Feb-2008 20:48
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Stocks set for higher startFutures edge higher amid rising hopes for Ambac bailout; Genentech in focus.NEW YORK (CNNMoney.com) -- Stocks futures rose Monday, as hopes for a rescue of bond insurer Ambac kept investors upbeat. Less than than two hours before the start of trading, Nasdaq and S&P futures were higher, indicating a positive start for Wall Street. CNBC reported Friday that a number of big banks are working with the New York State Insurance Department on a plan to rescue Ambac, which is struggling to hold on to its top-notch credit rating. The plan, which reportedly could be announced early this week, remained a driver of markets Monday. Japan's Nikkei rallied to finish the session 3% higher and European stocks jumped in morning trading. Ambac (ABK) shares surged 34% in Frankfurt trading Monday. Investors will be closely watching the speeches of two Federal Reserve officials. Fed Governor Randall Kroszner is due to speak at 9:50 a.m. ET. Fed Governor Frederic Mishkin is on tap to deliver a speech at 3:30 p.m. ET. Also on the agenda is a report on January existing home sales. The report from the National Association of Realtors is slated for release at 10 a.m. ET. Economists surveyed by Briefing.com expect the report to show existing home sales slowed to an annual pace of 4.8 million. |
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ghlau935
Veteran |
25-Feb-2008 19:27
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DJ MARKET TALK: Summary Of U.S. Stocks
2019 GMT [Dow Jones] WALL STREET: Stocks staged an end-of session upsurge to close higher Friday, with Genentech jumping after key approval but semiconductor stocks like Intel weighed on Nasdaq early; "Very late in the day there was a report that (floundering bond insurer) Ambac was going to be bailed out," said Sahak Manuelian, equity trader at Wedbush Morgan Securities; "That was seen as a vote of confidence for the financial market and therefore the economy." Fellow bond backer MBIA closed +2.4% after being down as much as 9.7%; lender Fannie Mae erased most of its losses in the fervor for financials, ending down 0.9%, while Freddie Mac also cut its decline by more than a half, closing down 4.1%. Shares of both companies were on the ropes after downgrade to sell from neutral by Merrill Lynch, which said weakness in housing, credit, financial markets will weigh on mortgage-buying giants' earnings for years. Genetech +8.7% as biotech company said FDA approved its top-selling drug Avastin as advanced breast cancer treatment. Intel lost 2.4%, Wall Street's biggest decliner; Dow +0.8%, Nasdaq +0.2%, Philly semicons almost flat. (TIF) |
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winsontkl
Elite |
24-Feb-2008 21:32
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Seem rather common recently......high volatality up and down suddenly... |
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novena_33
Veteran |
24-Feb-2008 10:17
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well.... seem like their BB is playing with the retailer....last min cheong.....and catch them offiside.... 
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cyjjerry85
Elite |
23-Feb-2008 05:11
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From CNN Money at 5.05am Singapore Time...after US Markets close: BREAKING NEWS Stocks finish higher after another topsy-turvy final hour with the Dow adding over 100 points. More soon. |
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cyjjerry85
Elite |
23-Feb-2008 05:09
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mentioned too early...a super surprising gain from the bottom to closing...at the intra-day low to its closing...it is a climb of 226 points!!! really mouth open wide when u see the time...last half hour of trading.... Look at the report below...its based on speculation...and normally in the US their speculation quite accurate usually la...so it seem like today's extremely late rally is pointing to an upper side indication for next week possible good news...we shall see U.S. Stocks Gain, Erasing Decline, on Report of Ambac Bailout Feb. 22 (Bloomberg) -- U.S. stocks rose, erasing earlier declines, after CNBC reported that a bailout of Ambac Financial Group Inc. may be announced next week. Ambac rallied on speculation a recapitalization would salvage the second-largest bond guarantor's AAA credit rating. Financial shares advanced as a group, erasing an earlier 1.9 percent drop. The Standard & Poor's 500 Index climbed 2.01 points, or 0.2 percent, to 1,344.54 at 3:40 p.m. in New York. The Dow Jones Industrial Average added 12.78, or 0.1 percent, to 12,297.08. The Nasdaq Composite Index decreased 4.72, or 0.21 percent, to 2,295.06, dragged down by a 2.3 percent drop in Intel Corp. About 11 stocks gained for every 10 that rose on the New York Stock Exchange. |
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moneyface
Senior |
23-Feb-2008 01:18
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fizzle out again.... |
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Green8
Senior |
22-Feb-2008 10:53
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What happen to US business intel ? Are they leading FED to "Holland"? |
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winsontkl
Elite |
22-Feb-2008 07:05
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x 0
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Uncertainty is definite....bullish vs bearish N seems like the bear win as more facts is coming out confirming Recession... |
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Arbitrager
Senior |
22-Feb-2008 04:23
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x 1
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Change:-147.19 -1.18%Volume:196,946,335nice distinct downtrend for dow jones index.. will we see this trend on STI tomolo? |
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