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iPunter
Supreme |
06-Jan-2007 09:51
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hehe... my sifu "nextdoor" dozed off while watching the Dow... Then when he woke up, his computer has shut down by itself! Dow down 88pts... But if you look at the 6-month chart for the Dow, it's really nothing to worry about, as the Dow's uptrend is still very much intact now. |
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nextdoor
Senior |
06-Jan-2007 00:00
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-64 now! |
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nextdoor
Senior |
05-Jan-2007 23:57
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Dow is down 55 pts! :-( |
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iPunter
Supreme |
05-Jan-2007 07:20
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It may be just the beginning... |
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maxsyn
Veteran |
05-Jan-2007 06:47
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Tech's turn to bull in '07? |
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iPunter
Supreme |
05-Jan-2007 06:35
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If Nasdaq's really the leader, the Techies's the way to go, man, go! |
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billywows
Elite |
05-Jan-2007 05:31
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cashiertan
Elite |
05-Jan-2007 04:00
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nasdaq rally is pulling the dow up. wonder what news in nasdaq to cauzse the rally? |
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cashiertan
Elite |
05-Jan-2007 02:28
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i think dow is going to go for a mini correction before 1 last push upwards .. Dow hasnt been following the TA since November and the correction is long overdue. just like june correction the longer the delay, the sharper the dip.. |
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ihatcoy
Senior |
05-Jan-2007 00:04
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if oil price continues to slide; then to monitor plastic counter closely. MEIBAN.FUYU, HI-P etc etc. |
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billywows
Elite |
04-Jan-2007 23:55
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Recovering again! .... Dow down only 18 points and Nasdaq up 12 points now. Oil price below $57 liao. |
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billywows
Elite |
04-Jan-2007 23:38
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What a see saw! Dow down 38 points and Nasdaq up 1 point now. --------------- A sell-off in commodities, especially in crude oil and copper, was also weighing on the broad market.
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billywows
Elite |
04-Jan-2007 23:12
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Wah .... ISM service data signaling growth whacks the market?! Dow down 58 points and Nasdaq down 8 points now! ------------- |
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billywows
Elite |
04-Jan-2007 22:49
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Recovering ... Dow down 9 points and Nasdaq up 2 points now. |
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billywows
Elite |
04-Jan-2007 22:39
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Opening bells! Dow down 25 points and Nasdaq down 5 points now. Relax ya .... |
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iPunter
Supreme |
04-Jan-2007 22:38
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Dow +0.88 |
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billywows
Elite |
04-Jan-2007 22:29
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Europe & Asia down today due to US market last nite. I think US market will chiong tonite after 'braking' last nite ..... :) ----------- Futures for the Dow Jones Industrial Average were down 5 points at 12,525, while those for the S&P 500 were down 1.60 point at 1,423. Nasdaq 100 futures were down 2.50 points at 1,776.
"There's definitely some disappointment over the retail results for December," said Michael Malone, trading analyst at Cowen & Co. "I wouldn't be surprised to see weakness in the market because of this."
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maxsyn
Veteran |
04-Jan-2007 21:58
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Weaken European markets may effect the sentiment. |
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billywows
Elite |
04-Jan-2007 21:20
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Today's econ data to be out in US: 2130hrs: Jobless claims (in 10 mintues time) 2300hrs: Factory orders 2300hrs: ISM services 2330hrs: Energy Dept. oil stocks 0530hrs: Money supply (M2) |
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billywows
Elite |
04-Jan-2007 07:27
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What a ride UP, and then FLAT! FOMC minutes the cause .... --------------- The market had chalked up triple-digit gains earlier on the first trading session of 2007, with the Dow Jones Industrial Average stretching into fresh record territory.
But the Dow shed most of its gains to close up 11 points at 12,474, well below its all-time high of 12,580, hit in morning trade.
The S&P 500 fell 1 point to 1,416. The Nasdaq Composite, meanwhile, gained 7 points to close at 2,423.
A sharp drop in crude oil prices, which fell $2.73, or 4.5%, to close at $58.35 a barrel, weighed on energy shares and helped bring down the broad average.
"The Fed has indicated a slightly increase in downside risks, while we didn't get indications of when the Fed will cut rates," said Jeffrey Kleintop, chief investment strategist at PNC Advisors.
In the minutes of its Dec. 12 meeting, the Fed said its main concern remained inflation but several members indicated concerns about economic growth and a fast-falling housing market.
Only one member of the central bank's rate-setting committee thought that slowing economic growth might soon warrant the Fed to change its stance, which might open the door for possible rate cuts.
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