today's data and Next month foresee今天数据&下月预测

Stocks were listless this morning after a sharp drop in initial jobless claims failed to stimulate the market ahead of the New Year. Corporate news flow was very slow.

Initial unemployment claims fell by 34,000 to the lowest levels since July 2008. The decline is much greater than the 2,000 decrease expected by economists and provides further evidence that the job market is slowly thawing.

Pending home sales rose 3.5% in November according to the National Association of Realtors. Although this is a positive sign for the market, the index is still 5% below 2009 levels.

The Chicago Purchasing Managers Index (PMI) which tracks manufacturing activity in the Chicago region climbed to 68.6 in December from 62.5 in November. Readings over 50 indicate an expansion in the sector.

今天的数据非常好， 很亮眼， 但是市场反应平淡。 主要是是因为过节的关系。
这个数据是经济回稳的现实反映。 关于市场上“二次探底”的再次宣扬，可能是在为调正（熊熊们）蓄势。 在为下一次量化宽松铺路。
我的个人观点是--美国经济基本面已经回稳， 想二次探底都是白日做梦。 股市会有调整，振幅也许不小，但是下跌空间和时间都会有限。

个人猜测
至于美股一月走势， 大盘应该续涨（sp 1280左右，或更高做顶），而后回盘调正。
跌盘特点是，急，狠，但时间跨度短。 是buy dip的好时间。

真正的趋势应该和去年很可能一致， 2，3 月份要非常小心。
至于房市过了2010年九月数据都不会太好。尤其是11，12，1，2，3 份，季节性低谷不会有什么做为，只能是熊熊的超级武器。 下一两月的失业率比较关键。 因为11，12 月holiday season， 不太好讲。

另外， q4 的季报应该对大盘有很好地支撑作用。


Alex Fang 于 2010年最后一个交易日。 与大家共勉。
ALL　ＢＥＳＴ　ＷＩＳＨＥＳ　ＦＯＲ EVERYBODY
Happy Trade Next Year.

Today in middle

Stocks was slow, almost higher.

but some news turns to negative. So, for safety, I rebalance my account today.

Changed some stock share into Bond fund and cash. but stock is still more than 50% of entire assets. :) I still think the trend is not changed, it's in bull's side.
but for my safety, I will wait for some time after market said we are all safe.



do you know Bond? -
haha, I knew it. I watch James Bond all the time. double O - 7.
has license to kill!

Time to check where we are, and what we want

At end of year, We have taken advantage of the opportunities that have presented, and we are well positioned for more growth this coming year.

The market inched higher, but where is the top.
有句话讲， 牛市不言顶。 但是我们的目标是1280。 有些分析师讲1300将会成为历史， 有些则讲应该回调了。
我们的目标现在仍定在1280。

现在市场很稳定， 就像中国的政府势。 房市和就业市场的数据就极其重要了。

I am back. I saw the Mountain, I saw the snow :)

Nice trip. And very good days, I enjoyed.

Now it's money time.


What I am thinking is if Bond will rebounce back. I bought some before I reply somebody's post. And it's good entry point. I am still checking whether there will be a period new low. I am not sure yet.

Good to say, I still made 1.5% on it during my vacation. but when I was back, I heard tons of analyist talking to sell. I am confused. :(

There is alot bond muture fund there, take an eye on it. it's time to think about it.
think ahead and act slow. it's my experience.

See you guys next week.

 

I am out of market this week.

I just shut my big mouth today. won’t say anything.

 

Only one word:

“When trend change, we act, we change immediately, change as fast as we can.

Other time, just cool down, don’t be over smart.  Let market decide, and give us a signal”

 

hohoho, Happy trade, and Merry Christmas.

Best Stock Ideas for 2011 (recommended)

Morgan Stanley's 8 Best Stock Ideas for 2011

http://www.thestreet.com/story/10939851/morgan-stanleys-8-best-stock-ideas-for-2011.html

 

Morningstar's 5-Star Large-Cap Stocks for 2011

Morgan Stanley's 8 Best Stock Ideas for 2011

Warren Buffett's 10 Best Investments for 2011

8 Cheapest Dow Dividend Stocks for 2011

13 Stock Picks for 2011

6 Natural Gas Stocks for 2011

Healthcare Winners for 2011

#1 Undervalued Gold Stock for 2011

Fortune's 10 Best Stocks for 2011

 

MOS
AGU
DOW
rig
rdsa
LEN
EWBC
rcl
AAPL
ENTR

the reason for next drop is

 

Rate increase!. need take an eye on it. 

通胀 is coming.

10 best stocks for 2011 from CNN

 

 

Investors' fears that a bear market will return (and linger) has made for some bargains - and this group should thrive even if inflation returns.

http://money.cnn.com/galleries/2010/pf/investing/1012/gallery.investors_guide_2011.fortune/index.html

 

Despite a gain of more than 10% in the S&P 500 over the past three months, there's still a real buying opportunity in growth stocks: Our 10 best for 2011 are expected to bolster their profits an average of 61% next year -- vs. 14% for the S&P -- and yet they trade at an average 12 times next year's earnings, vs. 13 times for the S&P.

Our selections this year are slanted toward commodities. Exposure to oil, chemicals, and fertilizer should provide protection against a falling dollar or an outbreak of a 1970s-style rise in inflation, which we think is a bigger threat than a double-dip recession. (We've also made some contrarian selections, including one housing-related stock.)

 

http://money.cnn.com/galleries/2010/pf/investing/1012/gallery.investors_guide_2011.fortune/index.html

Looks We Never Wrong

 

What’s up, fellow.  Looks we never wrong! :)

let’s cheer up. and get the diamonds. haha.

I am thinking whether there is a big drop back at middle of this month or around the OE day. 

but in my mind, we are fine before the new year.
HoHoHo, Santa is coming.

I really hope something can be happened in 2010-12-10, which is today. but it disappointed me.  still boring! but I will take a vacation from DEC-15.

See you guys later.

Happy Christmas!!
Have a great trade and have a great new year.

today and yesterday’s data, 2010-12-10

The U.S. trade deficit unexpectedly contracted 13% in October as exports rose 3.2% and imports dropped. The trade gap with China also shrunk as the U.S. reported a record amount of imports to the country.
The Reuters/University of Michigan consumer sentiment index rose in December as consumers felt more confident. There are still concerns about jobs but overall most individuals see some improvement in the economy.
China raised its bank reserve requirements by half a percentage point, the sixth such increase this year. The goal of the increases is to stop the Chinese economy from overheating. Many economists believe that another interest rate hike is also in the cards.

 

yesterday

After last week's disappointing employment report, there was some good news on the jobs front as initial unemployment claims fell a better than expected 17,000 last week to 421,000. Still, claims need to fall considerably more to make an impact on the overall jobs picture.
Wholesale inventories rose in October as businesses continue to restock ahead of the holiday shopping season. The increases is a moderation from September levels as inventory levels move more in line with underlying demand. Wholesale sales saw a 2.2% increase in th a month.

 

everything looks on the track. we are going to north. don’t freak out by your fears.  lets go higher and more green.

Option Expiration Calendar 2011

http://www.trade-stock-option.com/options-expiration.html

today’s data, 2010-12-08

Stocks sought direction at midday as investors still weighed the effects of the tentative tax-cut extension, which also had an impact on Treasury yields causing them to move higher. This morning, yields on 10-year notes were at their highest level since June. 
Meanwhile, Discover Financial Services DFS reported U.S. consumer confidence in November rose to its highest level in three years. The index reading of 91.8 was 4.3 points hig her than the October reading, and the gain was the largest month-to-month increase since April. The report said 45% of consumers, however, still think economic conditions are worse, while 31% think conditions are improving.

(good, better than we think)

what does this mean?

President Obama announced Monday that he will extend the Bush-era tax cuts, including for persons in the upper bracket. The tentative plan will extend the tax cuts for two years, and in turn, the president gains additional support for unemployment benefits and other proposals to assist the middle class. The deal still needs approval of Congressional Democrats.

 

It mean every one has extra money to spend.  also we have QE2 for government.  market will go up and down. but uptrend will be hold as well.

You didn’t believe, but it’s true

 

Looks we are in correct side of trend.  oh oh oh

Xmas Santa is coming.   hohohoho hohohoho

 

1220 is broken, most new high :)

Accident created a bear trap yesterday. How many bears have been trapped?

 

How long they can cut loss???   Bull up, Bull

 

you are still holding the share! congratulations.

let’s check our 1280
http://ttnotes.blogspot.com/2010/11/what-are-we-waiting-for.html

 

Please don’t push so hard, the 1200 is history point. it will test again and again and go north further.

1160 , 1180 , 1200, all will be the good support. 

1140 in this year is your dream if you still have tons of cash in hand. 
under 1200, on word is buy.

Today is not my fault. It’s

North Korean.

 

Long Live Jin 2 fat.  Long Live.

I am lazy, but I am not stupid

 

You want to sell my shares after QE2?  Do you think I am a dummy?

I can not say too much.  but every time I am very confident with my vision.

 

 

go check with it.  I never wrong!   
This year is very easy to everybody to earn the money, 
But how can you earn more, touch the pulse of the market?

-- check my blog, although I didn’t post too much.  one word brings you tons of $$$

go “TTNOTES”  

Below 1200

it’s just a word: buy.

what are we waiting for?

 

Let’s go up.  sp 1200 touch down.

 

print $$$, why are afraid of something? FED is our close friends.

 

1190 is broken. now it is 1200.  how about 1280?

inch up ? yeah, no problem, we have a big brother backup. what are we afraid of?

Pig-bull-bear's conference call -- 2010-10-29

this is end of Oct in 2010. the market goes up above 1180 and keep stable here.
Pig A: My mom said we should have a baby, did you see pigs are all around the world. it should be more piggy than ever.
Pig B: We already have too much baby,  We need a break to have a bear or bull.
Pig A: What!, can you have a sperm with bull or bear’s gene?


king of bears:  1120(1200) is good place to short
King of bulls:   1180 is good point to hold

THE Millionaires’ question is What will be the trigger to simulate the market.
if you know, please don’t hesitate to throw me a message. 

Sorry again, I don't know why I keep typing 1120!. 

it's 1200!

my feeling about next week

After  I was scared out of my 40% shares on oct 19, 2010,  I really think the market is very stable in this week.
but almost every data shows the economic is growing slow, BUT it continue growing.  it’s the key factor before the election.
I think next week will keep same if there is not surprise.
between 1160 and 1180 is another solid bottom. 
but also 1120(1200*) is hard to break it through with current data.

So I will still keep my “hard-earning” money out of stock market. keep them with money market rate. it’s also not bad.

We are in between, let market decide their direction.

all best!


Sorry typo again. it should be 1200, not 1120

Right Now, I have no comment

 

Market is in the place which can go to both way, up or down. so I just shut my big mouth up. let market choose the direction.

 

Although, as you know I sold some my position.  I am 60.5 : 59.5, just 1 percent more bearish.  I am afraid I have bias, so I sold my position days before.

I really so busy right now, it’s the reason I can not post on the blog.  I am not afraid to share my sometime “wrong” predictions.

good luck, friends. good luck on your trade. 

today’s data, 10-19-2010

Stocks took a dive early and remained lower at midday following mixed earnings and an interest-rate increase in China.
Housing starts in the United States increased 0.3% in September to a seasonally adjusted annual rate of 610,000, countering economists' expectations of a 4.2% decline. Single-family housing starts also rose by 4.4%. The South and Northeast saw a rise in housing starts, but the Midwest and West saw a decline. Building permits also dropped by 5.6%, compared with an expected 1.2% increase.

 

data is ok. but the market break down.  I sold almost 40% of my share today, since the fact is not matching my expectation.  Maybe I was wrong on somewhere. 

today is almost a turning point. need tomorrow to confirm. 

 

today’s data 2010-10-18

The National Association of Home Builders/Wells Fargo housing market index increased three points in October to 16, which is the same level as it was in June and higher than the predicted reading of 13. The index's components, which are current sales conditions, sales expectations, and traffic of prospective buyers, all increased.
U.S. industrial production, however, fell 0.2% in September after showing a 0.2% increase in August. Economists had also predicted an increase of 0.2%. Capacity utilization fell, as well, t o 74.7% in September compared with August's figure of 74.8%, which also is what economists predicted for September. Year-over-year industrial production, however, was up by 5.4%.
At midday, the Dow was up 0.4%, while the S&P 500 was up 0.3%. The Nasdaq was 0.1% higher.
Stocks on the Move
Citigroup C reported a third-quar ter profit of $2.2 billion, compared with a $101 million profit the same time last year. Year-over-year revenue also increased 2% to $21 billion but declined 6% compared with second-quarter revenue. The bank's total credit-loss provisions were $5.92 billion, down from $9.1 billion a year earlier and $6.67 billion in the prior quarter. Shares were 4.3% higher at midday.


not bad at all. uptrend hold well. let’s check 1190

today’s data, 2010-10-15

Bernanke believes that the current state of high unemployment and low inflation will persist into 2011. The Fed looks set to further ease the money supply and keep low rates for an extended period of time.
September inflation numbers showed almost no change in the price level of core products and only a 0.1% increase when volatile food and energy prices are included. The tame level of inflation will likely give the Fed further ammunition to embark on a quantitative easing program.
Retail sales headed upward in September gaining 0.6%. Autos, electronics, appliances and Internet sales powered the increase.

today’s new is better than yesterday’s. 
the news right now is not a major factor.
since we already know the economic is growing very very slow. It’s the real factor. 
if we don’t have any new economic stimulus package, 1120(1200*) can be a start point to short.
if we have, 1120(1200*) will be hold well
2010-10-18 -- very sorry, big typo. 1120 is a bull**** to us. sorry for misleading. 
too busy right now. sorry again 

today’s data, 2010-10-14

Weekly jobless claims unexpectedly rose by 13,000 last week indicating that the tough job market is showing no signs of letting up. Economists had estimated that claims would rise by only 1,000.
A record trade deficit with China sent the total U.S. trade gap 8.8% higher to $46.35 billion in August. Imports from China grew by 6.1% while exports to the country fell slightly from July.
Producer prices rose 0.4% in September -- the third monthly increase in a row. Higher food and energy prices were primarily responsible as core inflation remained very low. Investors are eyeing inflation numbers to gauge how willing the Federal Reserve will be engage in another round of quantitative easing.

 

so bad,  news are all bad, if you don’t want take the risk, sold some to take the profit is the real good idea.

I will wait for the tomorrow, or the sign told me the uptrend is broken.

it mean uptrend is still fine

first time touch 1180, we will have a rest here, and also here is a battle point again.

1180 is touched

 

nice job, well done!.

http://ttnotes.blogspot.com/2010/09/blog-post.html

http://ttnotes.blogspot.com/2010/09/1180.html

http://ttnotes.blogspot.com/2010/08/1180-s-2010-08-25.html

 

发信人: afang2009 (miggie miggie o i ni), 信区: Stock
标  题: 年内你可以看到1180
发信站: BBS 未名空间站 (Wed Aug 25 16:08:07 2010, 美东)
sp at least 1160. 
--
大势所趋 股市纵横 个股争鸣 －－股市打出一片天
http://ttnotes.blogspot.com/search/label/stocks%20conference
http://ttnotes.blogspot.com/search/label/(MQP)Stock%20Prediction
http://ttnotes.blogspot.com/search/label/Picks
我承认我是有私心的， 但我不骗人骗婚。－－我只骗感情！！！

today’s data 2010-10-13

Import prices appeared to have little affect on market movement, as they fell 0.3% in September after increasing 0.6% in August. Economists predicted the prices to decrease by only 0.1%. Import prices still posted a year-over-year gain of 3.5%, but this was the smallest annual increase in almost a year. Export prices rose for the second straight month in September, though the 0.6% increase last moth was lower than the 0.8% increase in August. However, the year-over-year increase of 5.0% was the largest since May.

 

Don’t know why, every time we got lottery!

it’s big green. tomorrow it will be holding well

At least the uptrend will be kept very well, no matter what!

no data today, 2010-10-11

Stocks sought direction at midday as the markets expressed uncertainty leading up to the release of the Federal Open Market Committee's minutes from its most recent meeting. Merger and acquisition activity continued to unfold, while the dollar and Treasuries were higher in the morning.

 

 

We almost don’t have any news came out.  only one thing we know

Uptrend is holding well. 

today’s data 2010-10-08

After a choppy a start, the Dow broke through the 11,000 barrier this morning as better than expected earnings from  Alcoa AA and hope that the Fed would begin addtional easing outweighed a weaker than expected jobs report.
The U.S. economy shed 95,000 jobs in September. The private sector added 64,000 jobs, but that was easily offset by a reduction in government employees. The unemployment rate stayed steady at 9.6%.

 

 

really not bad. there is no reason to say that uptrend is broken. :)

1160 is holding well.

Pig-bull-bear's conference call -- 2010-10-07

 

No drama, No waterfall, No dragonfly. nothing, only thing is piggie

just like several month before.

Pig A said: hold
Pig B said: Sir, Yes, Sir

Bears said: “we are doing good, although we lost 1150, more north more bearish, although we can keep close under 1150 several weeks from now. we are not scared though”

Bulls said: “any animal has their days. we need some rest before go much further”

the fact is Bears are in wrong side of river. it’s under bulls’ sky. Charge, bulls

today’s data 2010-10-07

Stronger than expected retail same-store sales and a fall in weekly jobless claims failed to provide a lift to stocks this morning.
September was a good month for retailers as back to school shoppers helped lift results. Department stores and teen retailers turned in generally better than expected results while some large discount chains like Target TGT and Kohl's KSS fell short of expectations.
Initial unemployment claims continued their downward trend, falling 11,000 to the lowest levels since July. The data comes ahead of the eagerly anticipated unemployment report due Friday.

 

good news came out. unemployment is very important. it’s the key word right now.  but tomorrow will be monthly data.  it will be the majoy factor.

值得注意的是经济成长在减缓， 大盘可能要再战1160。

如果破掉1160， 失业率仍然继续下降。 大盘可能再战1200。

1160点位，并不是很高。 可以hold.  向上可以逐渐出货了。

today’s data, 2010-10-06

ADP released its September employment report this morning and found that U.S. private-sector employment decreased by 39,000. This was the first decline since January, and it fell well below economists' expectations of a 20,000 increase. The August reading was revised upward to a 10,000-job gain, contrary to the initial reading of a 10,000-job loss. ADP reported that the goods-producing sector lost 45,000 jobs last m onth, while the service sector added 6,000 jobs.
In other news, the International Monetary Fund reported that it forecasts a significant slowdown in growth as economies cut their budgets amid sovereign debt fears. The IMF sees U.S. growth prospects decreasing to 2.2% from the previous estimate of 2.9% and said the financial sector is in a vulnerable position. The organization stated a healthy recovery requires strong private demand from rich nations, and increased net exports from deficit countries, such as the U.S.

 

大盘看起来很强壮， 但是数据显示经济的涨势趋缓很多

所以我们将在1160 到 1180 之间 出些股票， 以防出现大的dip.  目标点位基本达到。 鱼头留给有能力的品尝了。

年底前保守了，不再博傻了。

today’s data 2010-10-05

Stocks were ascending at midday following an increase in the Institute for Supply Management's services index and the Bank of Japan's announcement of a JPY 35 trillion monetary easing program along with an interest-rate cut to zero. The B of J's actions are to encourage growth and slow down the increasing yen, which was harming business sentiment.
The ISM's nonmanufacturing index increased to 53.2% in September from a 51.5% reading in August. This index was nearly a percentage point higher than the expected figure of 52.3%. Any number of more than 50 is a sign of expansion, and the services index has come in with a reading higher than 50 for the past nine months.

 

data is good, uptrend hold “WELL”.  1160 is under our feet. 

afang is the best ! :)

本周的情况是

 

获利了解， 振荡吸/洗盘

下周决战1150。

 

周盘看猪。 uptrend need check 1150 again.

today’s data 2010-10-01

http://news.morningstar.com/articlenet/article.aspx?id=341796

The Institute for Supply Management purchasing managers index slowed to 54.4 in September from 56.3 in August. The reading was higher than the predicted 54.0, and September showed the 14th straight month of growth. However, the slowdown in growth was a result in a decrease in new orders and production, as well as higher pricing pressures in September.

The Reuters/University of Michigan consumer sentiment index had a September final reading of 68.2, which was up from the initial reading of 66.6 and higher than economists' expectations. However, the reading is still lower that August's 68.9 figure.

The Commerce Department reported consumer spending increased 0.4% in August, the same rate as in July. Domestic incomes also rose 0.5% in August, higher than the 0.2% increase in July. Economists had forecast both spending and income to increase by 0.3% in August.

Construction spending also gained 0.4% in August, countering an expected 0.5% drop. The unexpected increase was attributed to public sector spending, which showed a 2.5% jump. Spending from previous months also saw an upward revision. However, private sector spending decreased in August by 0.9% to $498.2 billion, the lowest level since January 1998.

 

http://news.morningstar.com/articlenet/article.aspx?id=341796

 

(Market hold very well, after 1150, we are going to 1180.

Although there are dips, but we can see 1180 in this end of year,

Cheers, bull!)

today’s data 2010-09-30

The revised gross domestic product estimate for the second quarter came in at 1.7%. Although this third estimate for the quarter was lower than the original estimate of 2.4%, it was slightly higher than the second estimate of 1.6% reported in August. Although increased consumer spending and higher business inventories levels helped raise the third estimate, consumers and businesses are still displaying caution, thus inhibiting further growth.
Initial unemployment claims for the week ended Sept. 25 decreased by 16,000 to 453,000, The drop was larger than the expec ted 5,000. The four-week moving average decreased by 6,250 to 458,000, the lowest level since July 24. Continuing claims for the week ended Sept. 18 also fell by 83,000 to 4.457 million. However, revised initial claims for the week ended Sept. 18 were revised upward by 4,000 to 469,000.
The Chicago Purchasing Managers Index jumped to 60.4% in September, which is more than 5 percentage points higher than predicted and nearly 4 percentage points higher than August's reading.

 

(the data is good, the thing is very cheerful, we touched 1150 today. then stay back.  it’s first touch for 1150 from long time ago. don’t wish we break 1150 through that easy, there will be some battles. let’s check tomorrows fight.  Uptrend is still keeping well )

today’s data 2010-09-29

Fannie Mae reported that serious delinquencies on single-family mortgages fell for the fifth consecutive month in July to a rate of 4.82%, a 10-month low, compared with June's reading of 4.99%. Serious delinquencies, which are loans of at least 90 days behind for single-family homes, declined in March from February among loans in Fannie's portfolio, marking the first month-over-month decline in three years, and they have been decreasing since then.

In other news, crude inventories dropped by 500,000 barrels for the week ended Sept. 24, while analysts had expected inventories in increase by 2.2 million. Gasoline reserves also decreased by 3.5 million barrels.

 

how many days, continually bad news come out. but the market holding well. the reason is 1150 still ahead.  

Although we are still on the bulls side, we need set some cut “loss” trigger to make us comfortable.

the word for this week is “Hold tight, and Stay Cool”

Watch out! Bears.

 

Nowadays, it’s really not a good time for short or keep your truck empty.  in this week, there maybe will be a big up.

Check your positions.  but it’s really trick place,

Buy, kind of risky,

Sell, maybe is good idea, but you know you loss the grow opportunities.

The best is keep more than 75% your long position. 

Uptrend is holding well.  maybe there is some surprise for bulls.

 

The Key words still is : hold tight, stay cool.

today’s data 2010-09-28

Consumer confidence in September fell to 48.5, its lowest level since February. This was lower than the expected reading of 51.5, and nearly five points lower than August's downwardly revised reading of 53.2. A barometer on consumers' expectations also hit the lowest level since February, decreasing to 65.4 in September from 72 in August.

U.S. home prices however, increased in July compared with June. The Case-Shiller index of 10 major metropolitan areas rose 0.8% from June, while the 20-city index increased 0.6%. Adjusted for seasonal factors, the 10-city in dex for July came in flat, while the 20-area index declined 0.1% compared with June's readings.

 

Data mixed again.

• U.S. CEOs lower expectations for the near future

• Consumer confidence slumps in September

• Home prices up, but growth rate slows

 

Obama was talk small biz bills last whole week and earlier this week. we got the bill.
but  really we need watch very closely with these data and signs.

the market is mixed right now. uptrend is keeping, but really need some break or rest for bulls.

Not too relax right now. need watch closely and closely.
It’s not A time to unload. but be prepared.

we said under 1150

is safe.  1150 will be another battle point.  well, the market chose around sp 1145. so it’s nothing new.

 

Just be Patient.

1150 will be touched.  at that time we will check the trend

at that time, the market will choose between 1180 and 1120.

don’t be over analyzed.  Hold tight, stay cool.

today’s data 2010-09-24

U.S. new-home sales in August came in flat at 288,000 units, seasonally adjusted. This is lower than the expected 295,000 pace and matches the second-lowest recorded level. New-home sales are 28.9% lower than they were this time last year. July estimates, however were revised upward to a 7.7% decrease to 288,000 compared with the previous 12.4% drop to 276,000.
August durable-goods orders in the U.S. decreased more than expected by 1.3% to a seasonally adjusted figure of $191.17 billion. This number is larger than the predicted 1.0% drop and the biggest drop in a year. The transportation segment took a large hit, but the machinery, computers, and fabricated-metal products sectors all saw gains.

 

Bad News came out. but we see what we got? it is a strong bounce-back from yesterday drop.

1150 is almost reached.

taday’s data 2010-09-23

Initial jobless claims for the week ended Sept. 18 came in higher than expected, rising by 12,000 to 465,000. Economists had predicted claims to rise only by 3,000. Additionally, initial claims from the prior week were revised upward to 453,000 from 450,000. The four-week moving average, however, fell by 3,250 to 463,250, and continuing claims for the week ended Sept. 11 decreased by 48,000 to 4.489 million.
The Conference Board's leading economic index displayed more positive signs by increasing 0.3% in August, following a 0.1% increase in July. This reading was higher than the expected 0.2% increase. However, the index has decreased its pace to 2.0% in the six months leading up to August compared with 4.8% in the preceding six months.
August existing-home sales increased 7.6% to a seasonally adjusted annual rate of 4.13 million. This is a significant gain from the 27% drop in July sales and higher than the predicted rate of 4.10 million homes in August.
Blockbuster BLOKABLOKB announced that it has filed for Chapter 11 bankruptcy, sinking the firms shares in the mid-20% range, and this news hurt the retail sector in the morning.

 

news is mixed. but initial jobless claims was really unexpected. the market went lower little bit. but there is not second big dip!

hold tight. buy on any dip!

today’s data, 2010-09-22

the Federal Housing Finance Agency reported U.S. July home prices declined 0.5% month over month and 3.3% year over year. Prices in June were also revised downward to 1.2% from 0.3%. Economists claim existing inventory is increasing at its fastest rate in three years, and this is causing lower home prices.
Crude-oil inventories countered analysts' expectations of a decline, and increased by 1 million barrels for the week ended Sept. 17. Reserves of distillates, which include diesel and heating oil, also rose by 300,000 barrels, compared with the predicted 100,000-barrel increase.

 

( before 1150 is kind of safe. after 1150 we need check the trend again.

 

1180 is our prediction before end of year.  )

today’s data, 2010-09-21

Housing starts in the U.S. jumped to 10.5% in August to a seasonally adjusted annual rate of 598,000, which is a 2.2% increase from the same period last year. Economists had predicted a drop in housing starts by 0.2% to 545,000. However, July figures experienced a downward revision to 541,000 from 546,000.
Retail-store sales also generated positive news according to a report by the International Council of Shopping Centers. Sales for the week ended Sept. 18 increased 3.3% year over year, and September monthly sales are forecast to increase 3.0%.

 

(somebody said Recession was finished at June 2009.  I totally agree. there is no double dip.  everything was already settled down.

only one word: buy on any dip. wait for the OCT.

looks today will be green again.

)

today’s data, 2010-09-20

The National Association of Home Builders housing market index stayed at 13 this month, which was below economists' prediction of 14. The current reading, like in August, was the worst reading since March 2009 and much lower than the desired 50 which would signal that more builders see conditions as good than poor.
Investors are also focusing on merger and acquisition activity today as they await the Federal Open Market Committee meeting tomorrow.

 

(bye , 1120, we are above 1130 now. cheers bull. we are in right side of river, money river!)

today’s data, not bad at all 2010-09-16

Weekly jobless claims for the week ended Sept. 11 fell by 3,000 to 45,000, countering economists' prediction of a 9,000 increase in claims. The four-week moving average decreased by 13,500 to 464,750, and continuing claims dropped 84,000 to 4.485 million. However, weekly claims from the week ended Sept. 4 were revised upward to 453,000 from 451,000.
The producer price index increased 0.4%, seasonally adjusted, for finished goods in August compared with July. It was the second consecutive month producer prices increased, helped by energy costs in August. Although this data might e ase deflation concerns, inflationary pressures are also still low; producer prices increased by only 0.1% when excluding food and energy prices.
The Commerce Department reported the U.S. current-account deficit increased to $123.3 billion in the second quarter, compared with an upward revised deficit of $109.2 billion in the first quarter. The second-quarter trade gap also increased to $131.6 billion from $114.5 billion in the first quarter.
The Philadelphia Federal Reserve's manufacturing index posted a drop of 0.7 in September. Although this is a step up from the decline of 7.7 in August, economists predicted the index would move into positive territory, which would indicate growth in economic activity.

 

(uptrend is keeping well, cheers bulls)

today’s data 2010-09-15

The latest Empire State Manufacturing Index indicated that conditions for manufacturing in New York continued to worsen and remained significantly below levels of earlier in the summer. The index, now at its lowest level since July 2009, fell to 4.1 in September from 7.1 in August. Economists had expected a slight increase to 7.5.
However, a slight uptick in U.S. import prices might alleviate fears of deflation. Import prices rose 0.6% in August from July, in part because of higher energy and food pr ices. Still, prices are up only 4.1% from August 2009.
U.S. industrial production also experienced a mild increase in August. Production rose 0.2% in the second straight month of growth. Capacity utilization increased, as well, to 74.7%, but operating rates remained below the 1972-2009 average of 80.6%. As consumer spending has seemingly weakened, the manufacturing sector remains a key area of growth for the struggling economy.

 

(mixed, but uptrend is kept.)

US Stocks Up Slightly After Mixed Data

 

http://online.wsj.com/article/BT-CO-20100915-711889.html

By Jonathan Cheng, Donna Kardos Yesalavich and Kristina Peterson  

Stocks edged up tentatively as the market continued to search for direction, after a package of mixed economic data and Japan's strongest attempt in years to tame its soaring yen.

The Dow Jones Industrial Average was recently up 28 points, or 0.3%, at 10554, helped by a 2.7% climb at Travelers and a 1% gain at Hewlett-Packard. The Nasdaq Composite advanced 0.3% to 2298, while the Standard & Poor's 500-stock index edged up 0.1% to 1123.

Traders said that the recent rise in investor optimism has helped push the market up to the top of its tight trading range. One key signal will be whether the S&P 500 can break through the 1130 level.

 

 

http://online.wsj.com/article/BT-CO-20100915-711889.html

 

(not bad at all, bulls won again.  Nice~)

Here will be a small battle point.

 

around sp 1120, will have some small straggle here. but up trend will be continued. October will be the gold month for bulls.

one words is

buy on any dip around 1120, since 1150 maybe will be another battle point.
almost 2.5%.  ok, let check mate at Oct. don’t forget to load your truck.

this week will be an up week. this is also one of my predictions.

today’s data 2010-09-14

Retail sales in the United States increased for the second month in a row in August, posting a 0.4% gain, slightly higher than the 0.3% increase that economists had predicted. Back-to-school sales and tax-free promotions in more than a dozen states drove the increase. However, the Commerce Department revised July sales downward to 0.3% from 0.4%, though it was still the first gain in sales in three months at the time. 

U.S. business inventories posted a July gain of 1.0%, compared with a predicted 0.8% increase. It was the largest jump in two years. T he Commerce Department also revised June inventories upward to 0.5% from 0.3%. July business sales also rose by 0.7%, the largest increase since March.

 

looks very strong, right? we know month before :)

Are we in the right direct this time, again. we can not believe it.

so boring :P

it’s really a good day

 

The up trend is confirmed.  Still afraid of double dip recession!, so you got it wrong.  Economy is going to recover itself with a little bit pain.

 

Bears need hold and feel that pain!

 

Bottom is passed. still have cash ?  buy on any dip before our temp goal –>

 

sp   1180

1120   is   under our feet.  let’s go north more

 

tomorrow

very less chance, up more than 1%
80-90%,  up around 0.2% - 1%
10-15%,  close with red.

(YMYD, do hate me when you gain or loss.  :P  )

today’s data 2010-09-13

International bank regulators decided Sunday to increase the amount of capital banks must set aside against potential losses in a deal overseen by the Basel Committee on Banking Supervision. The new rules did not contain any unexpected negative news for banks and investors, and the U.S. and foreign markets responded positively.

Merger and acquisition news continued to filter in throughout the session, with deals announced from LabCorp LH, National Oilwell NOV and others.

The market awaits the release of the Treasury budget at 2 p.m. EST

(you know guys, We are in right side again. Cheers, Bull)

Stocks close higher to continue Sept. rally

Stocks close higher to continue Sept. rally

After August decline, markets extend gains for second week

http://www.msnbc.msn.com/id/39094227/ns/business-eye_on_the_economy/

NEW YORK — Stocks ended the week on an up note, as investors held on to their newfound optimism about the economy.

The Dow Jones industrial average rose 47 points Friday in very light trading. It was the seventh day of gains out of the past eight sessions at the New York Stock Exchange and the S&P. Treasury prices eased as traders became more willing to take on risk.

I:DJI  10462.77  +47.53  +0.46%

I:COMP  2242.48  +6.28  +0.28%

SPX.X  1109.55    +5.37   +0.49%

http://www.msnbc.msn.com/id/39094227/ns/business-eye_on_the_economy/

8 stocks for the market's next rally (2) By Jim Jubak

Jim Jubak 9/9/2010 5:00 PM ET

8 stocks for the market's next rally (2)

By Jim Jubak

Please go check with original post at : -- >

http://articles.moneycentral.msn.com/Investing/JubaksJournal/a-peek-at-the-next-market-winners.aspx?page=2

Cyclical strength

What were some of the best-performing U.S. cyclical stocks Sept. 1? Let me give you a short list:

• Cummins (CMI, news, msgs), a maker of truck engines, up 7.4%.

  Click graphics to see interactive charts

  Cummins

  

  Massey Energy

  

  Joy Global

  

  Rio Tinto

  

• Titan International (TWI, news, msgs), a maker of tires for construction, mining and agriculture, up 7%.

• Massey Energy (MEE, news, msgs) and Walter Energy (WLT, news, msgs), two coal companies, up 7% and 7.1%, respectively.

• Bucyrus International (BUCY, news, msgs) and Joy Global (JOYG, news, msgs), makers of mining machinery, up 7.9% and 6.1%, respectively.

• Rio Tinto (RTP, news, msgs), a diversified mining company, up 7.3%.

• And DryShips (DRYS, news, msgs), an ocean carrier of bulk cargoes, up 7.7%.

I think you get the idea. Why these companies?

Because, by and large, they fit into a category that I've flagged for you more than once in the past few months (most recently in my blog post "If the economy is so terrible, why are machinery stocks relatively strong?").

This group is defined by this rule of thumb: The longer the lead time of your customers and their business -- the longer, for example, it takes them to increase production -- the more likely those customers are to start buying now.

For example, in its recent earnings report for the quarter that ended in July, Joy Global said it was seeing stronger-than-projected orders from its customers in the mining industry. Instead of orders growing by 25% in 2010, the company was projecting 30% growth. And 10% growth for 2011.

 

http://articles.moneycentral.msn.com/Investing/JubaksJournal/a-peek-at-the-next-market-winners.aspx?page=2

8 stocks for the market's next rally (1) by Jim Jubak

Jim Jubak 9/9/2010 5:00 PM ET

8 stocks for the market's next rally

By Jim Jubak

Please go check with original post at : -- >

http://articles.moneycentral.msn.com/Investing/JubaksJournal/a-peek-at-the-next-market-winners.aspx

For a stock to get my attention in the Sept. 1 rally, it needed a jump that was way above the 3% gain recorded by the S&P 500 that day.

Click graphics to see interactive charts

KB Home

Beazer Homes

Hovnanian Enterprises

Lumber Liquidators

The best performers in U.S. markets fell into very identifiable groups. As you might expect, some of the big winners were in the truly beaten-down sectors and industries:

• Among homebuilders, KB Home (KBH, news, msgs) was up 11.1%, Beazer Homes (BZH, news, msgs) 9.5% and Hovnanian Enterprises (HOV, news, msgs) 7.6%. Shares of companies that depend on the health of the homebuilders also gained; Lumber Liquidators (LL, news, msgs), for example, gained 7.1%.

• Among oil drillers, Rowan (RDC, news, msgs) climbed 9%; Pride International (PDE, news, msgs) was up 7%.

The rally also helped a few stocks in special situations, such as Burger King (BKC, news, msgs), which jumped after a buyout offer from a Brazilian investment fund.

These patterns are interesting, but I don't find them compelling. In most of these cases, the stocks that popped in these groups are companies still fighting huge head winds. Fixing the problems of oversupply in the housing industry, for example, isn't a matter of just a good quarter or two.

But also among the best performers -- and this is where I'd say the most interesting action was Sept. 1 -- was the cyclical group, the stocks of companies heavily leveraged to the economic cycle. Cyclical stocks are historically one of the sectors that rise fastest when the economy recovers. If investors were expressing a little more optimism about the economy Sept. 1, it's exactly these stocks that should have soared.

And that they did suggests you'd like to be over-weighted in this sector when the real turn in the economy arrives.

http://articles.moneycentral.msn.com/Investing/JubaksJournal/a-peek-at-the-next-market-winners.aspx

today’s data 2010-09-10

In the only economic data for the session, the wholesale inventories report for July indicated that inventories increased 1.3% during the month--better than the 0.4% improvement economists expected. Wholesale inventories for June were revised upward to a 0.3% increase from the previously announced 0.1% increase.

 

( SP inched up)

[再次重申] 年内你可以看到1180

sp at least 1160.

此贴发过一次了， 再次重申一下。

Britney Spears

http://www.mtv.com/music/artist/spears_britney/artist.jhtml

Britney Spears' Ex-Bodyguard Must Prove Ongoing Harassment
http://www.mtv.com/news/articles/1647461/20100909/spears_britney.jhtml

 

http://socialitelife.celebuzz.com/archive/2010/06/10/its_team_britney_vs_team_bodyguard_in_sexual_harrassment_scandal.php

Weekly jobless claims decline by 27,000 to 451,000

http://www.marketwatch.com/story/jobless-claims-decline-by-27000-to-451000-2010-09-09-84800

WASHINGTON (MarketWatch) -- The number of people who filed new claims for unemployment benefits fell 27,000 to 451,000 in the latest week, reversing a recent run-up that stoked concerns of a weakening jobs market.

New unemployment applications shot as high as 504,000 in mid-August from 427,000 in early July, but claims have since dropped more than 10%, according to data from the Labor Department.

Although the economy is still weak and jobs are hard to find, the claims data is the latest in a string of reports that have eased concerns of a double-dip recession. U.S. stocks rose in Thursday trades and the price of bonds fell.

 

http://www.marketwatch.com/story/jobless-claims-decline-by-27000-to-451000-2010-09-09-84800

 

(if you still are bearish, you are in wrong side of river again. )

S&P 500: Pauses at trendline resistance zt

http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2010-09-08.html

Overly pessimistic bullish sentiment (according to the AAII survey) and oversold daily conditions have provided the catalyst for the S&P 500’s latest rebound, highlighting the completion of wave 2’s symmetrical zig-zag correction off the August highs. This sets up a possible powerful 3rd wave-rally that could extend towards the year-to-date high. While trendline resistance (originating from the August peak) has temporarily stalled the move, bullishly diverging hourly studies indicate support at a relatively high level.

In addition to bullish price-action, the S&P 500 is trading in a 15-day cycle with turning points every 15 calendar days or so. This suggests that the current rally should endure through the middle of next week, barring some unforeseen event. As such, there is ample room for the market to extend the rebound, given daily studies are not quite overbought at the moment.

While the key 14-day moving average remains supportive (on a closing basis) and once trendline resistance is cleared, obvious resistance at 1130 is next targeted. A failure to retest this important pivot could put the entire recovery at risk and could alter the current Elliot wave count.



STRATEGY: LONG S&P 500 at 1056, risking 1070 (revised), targeting 1130 (revised)


http://www.fxstreet.com/technical/forex-strategy/fx-trend-report/2010-09-08.html

 

today’s data 2010-09-07

No domestic economic news was scheduled for Tuesday. However, the U.S. Conference Board reported that employment numbers, while still increasing, could slow during the fall. The board's trends index fell to 96.7 from July's revised figure of 97.4.

(any dip is a  buy opportunity from now)

一些声明 和 九月前半,十月的预测

发现世界上还真有素质很低的人， 以前一直以为来美国混得低也低不到哪里去。
终于在上周末见识到了。  我认识到有些人的内心还是很黑暗很丑陋的。
为此我就声明一下：

首先声明：
我的预测有时准的让自己都感到惊讶。 一切都是大家有目共睹的， 也不是我吹牛。
我也知道预测不可能每次都对， 但是我确实是以一份非常认真地心对待大家的。不会随便的乱讲话。

再次声明：预测是有风险的，　不是每次都可以对的。　你的钱是你挣的，　亏是你自己亏的。我的任何建议和预测只是提供探讨和自己研究的。不要迷信，也不要失望。伯克一切只起参考作用。

－正可谓：

尊重异禀，独逐理想，

浊云过目，不处一堂。

我自渺小，自洁自律，

世界博大，万物齐享。

上半个月牛市不应有太大的变数。　下旬可能(not very sure!)会有一个 ｄｉｐ．　

十月看强牛。　雷霆一击，一扫熊市。

let's see this time whether I can get it right or not. 

I will post some if I think I was wrong. Don't try to hate me when make money or loss money.
you are the one you watched through mirror. 

Labor day sale: first come, first service sale

发信人: afang2009 (miggie miggie o i ni), 信区: Stockcafeteria
标  题: Labor day sale: first come, first service sale
发信站: BBS 未名空间站 (Sat Sep  4 21:24:40 2010, 美东)

Id:  afang2009

pswd:  followthetrend



first come, first service. no charge!
--

Unemployment rises slightly in August to 9.6%

http://www.latimes.com/business/la-fi-unemployment-rate-20100904,0,5340720.story

The nation lost 54,000 net positions last month, the U.S. reports. Once-growing manufacturers shed jobs last month, as did budget-strapped state governments and the Census Bureau.

 

http://www.latimes.com/business/la-fi-unemployment-rate-20100904,0,5340720.story

 

 

(this is not good, but ok. )

September surprise: Stocks soar

a must read article

http://cnnmoney.mobi/primary/_iyATM8-io0kNvLsyx

By Ben Rooney, staff reporter

September 01, 2010: 04:23 PM EDT

The bulls are back on Wall Street. After a bearish August, stocks roared into September with a major rally on Tuesday, as investors cheered signs of strength in the manufacturing sector.

The Dow Jones industrial average gained 256 points, or 2.2%, according to early tallies. The S&P 500 soared 31 points, or 2.9%. The Nasdaq composite rallied 63 points, or 3%.

Stocks rallied right out of the gate as investors welcomed a rebound in Chinese manufacturing activity and robust economic growth in Australia. The advance kicked into high gear following an unexpectedly strong report on U.S. manufacturing activity.

Shares of industrial names and companies in the materials sector led the charge. Caterpillar, United Technologies, Boeing all gained between 1% and 3%. Energy producers Exxon and Chevron also rose as oil prices spiked 3%.

But the rally was broad-based. Six stocks gained for every one that fell on the New York Stock Exchange. All 30 Dow components closed higher.

While the improvement in manufacturing allayed some concerns about the U.S. economy, traders said the market remains vulnerable given the uncertain outlook for growth this year.

Investors shrugged off a weaker-than-expected report from payroll processing firm ADP, which is widely seen as a leading indicator for Friday's jobs report from the Labor Department.

"This market is looking for something to grab on to," said Mark Luschini, chief investment strategist for Janney Montgomery Scott. "And for the moment it's manufacturing."

The major gauges ended the previous session essentially unchanged, closing out a lackluster August. Stocks typically start September strong, but often end on a weak note due to end-of-the-quarter movements by mutual funds.

Economy: The Institute for Supply Management's (ISM) said its index of manufacturing activity rose to 56.3 in August. Economists were expecting the index to edge lower. Any number above 50 indicates growth in the sector.

http://cnnmoney.mobi/primary/_iyATM8-io0kNvLsyx

 

(the fact proved we are right again)

we are good, right?
You can say I am nuts, also can say I am nobody, but who cares,
You made money and I did same. So let’s cheer, bulls.

we did it. :)

 

today’s data 8-31-2010

Consumer confidence data for August increased to 53.5 from an upwardly revised 51 in July. The expectations index also jumped to 72.5 from 67.5. However, the present-situation index dropped to 24.9 in August compared with 26.4 in July.
U.S. home prices also rose as the Case-Shiller home-price indexes reported a 4.4% growth during the second quarter compared with the first quarter and a 3.6% growth compared with a year earlier. Prices showed a solid increase for the third straight month in June. However, year-over-year increases slowed in June compared with May's readings, and sales of previously owned homes fell sharply by 27% in July.
The Chicago purchasing managers index also declined in August to 56.7 from 62.3 in July. Although the percentage drop indicates that business expansion is slowing, it was still in line with expectations.

 

(looks not bad!)

U.S. Home Prices Rose 1% in June

 

http://www.nytimes.com/2010/09/01/business/economy/01econ.html?src=mv

By THE NEW YORK TIMES

Published: August 31, 2010

A crucial index on home prices in the United States rose in June, the last month that benefited from a tax credit for home buyers.

The Standard & Poor’s Case-Shiller 20-city home price index, a widely watched indicator, on Tuesday reported a 1 percent rise in June from May, the third consecutive monthly increase.

Nationally, the index rose 4.4 percent in the second quarter of 2010, after having fallen 2.8 percent in the first quarter. Home prices in the nationwide index are 3.6 percent above their year-earlier levels in the three-month period.

http://www.nytimes.com/2010/09/01/business/economy/01econ.html?src=mv

Today’s data – 2010-08-30

http://finance.yahoo.com/news/Consumer-spending-rises-04-apf-3440216038.html?x=0&sec=topStories&pos=1&asset=&ccode=

WASHINGTON (AP) -- Americans spent last month at the fastest pace in four months, helped by a jump in demand for automobiles.

Consumer spending rose 0.4 percent in July after three lackluster months, the Commerce Department said Monday. Spending fell 0.1 percent in April, rose a tiny 0.1 percent in May and was flat in June.

Personal incomes were up 0.2 percent in July, less than expected but at least an improvement over June when incomes had not risen at all.

http://finance.yahoo.com/news/Consumer-spending-rises-04-apf-3440216038.html?x=0&sec=topStories&pos=1&asset=&ccode=

(really not bad, I told you this’s the bottom. )

Event List –8/30/2010

http://money.cnn.com/2010/08/27/markets/sunday_lookahead/index.htm

Monday: A government report on personal income and spending is due before the opening bell. Economists surveyed by Briefing.com expect income to have edged up 0.2% in July after staying flat in June. Spending is forecast to rise 0.3% after ticking up 0.1%.

Economy slowing to a crawl -- or a halt?

Tuesday: The Conference Board releases its Consumer Confidence index for August after the start of trading. Economists forecast the index to have edged down to 50 in August from 50.4 in July.

The Chicago PMI, a regional reading on manufacturing activity, is expected to have fallen to 57.5 in August from 62.3 in July.

The Case-Shiller 20-city home price index is expected to have risen 3.5% in June after rising 4.6% in May.

Wednesday: Before the market opens, payroll processing firm ADP is expected to report that private sector employers added 13,000 jobs in August after adding 42,000 in July.

Separately, outplacement firm Challenger, Gray and Christmas will report on planned job cuts.

After the start of trading, the Institute for Supply Management's (ISM) index of manufacturing is due. Economists forecast the index to have eased to 53 in August from 55.5 in July. Any number above 50 indicates growth in the sector.

Meanwhile, the government is expected to report that construction spending fell 0.7% in July, after slipping 0.1% in June.

Auto and truck sales are due throughout the day, and the government's weekly oil inventory report also is released Wednesday.

Thursday: The Department of Labor releases a weekly report on jobless claims before the bell. The number of Americans filing new claims for unemployment insurance is expected to have edged up slightly last week to 475,000 from 473,000 in the previous week. Continuing claims, a measure of Americans who have been receiving benefits for a week or more, are expected to have dropped to 4,435,000 from 4,456,000.

Housing's new nightmare

Meanwhile, the government is expected to report that pending home sales were unchanged in July after dropping 2.6% in June.

Factory orders are due from the Commerce Department in the morning. Economists forecast orders to have risen 0.3% in July after falling 1.2% in June.

The Commerce Department will issue a report on second-quarter business productivity, which is expected to be downwardly revised to a decline of 1.6% from the 0.9% drop that was initially projected.

Friday: The week ends with the government's widely anticipated monthly jobs report, which is forecast to show the U.S. economy lost 118,000 jobs in August after cutting payrolls by 131,000 in July. The unemployment rate is expected to tick up to 9.6% from 9.5%.

 

http://money.cnn.com/2010/08/27/markets/sunday_lookahead/index.htm

Fed chief Bernanke's speech on the economic outlook, stock market higher

 

http://www.thestreet.com/_yahoo/story/10846197/1/the-stock-market-story-aug-27.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

NEW YORK (TheStreet) -- Stocks traded decidedly higher Friday afternoon with investors sifting for bargains following a less disappointing than expected downward revision to second-quarter gross domestic product and suitably somber comments from Federal Reserve Chairman Ben Bernanke about the nation's economic outlook.

More on ^DJI

Market Activity

• Dow Jones Industrial Average| ^DJI

  UP

• S&P 500 Index| ^GSPC

  UP

• NASDAQ Composite| ^IXIC

  UP

Also adding to the market's calculus, 3Par(PAR) accepted Dell's(DELL) offer to acquire the data storage company for $1.8 billion, or $27 a share, matching Hewlett-Packard's(HPQ) sweetened bid on Thursday. But HP raised its offer yet again Friday morning to $30 a share. 3Par's stock was soaring 24.4% to $32.39 and Dell's stock was ahead by 2.6% to $12.06. Shares of Hewlett-Packard were trading 1.4% lower to $37.67.

The Dow Jones Industrial Average, which had reached triple-digit gains earlier, was gaining 95 points, or 1% to 10,081 most recently. The S&P 500 was adding 9 points, or 0.9% to 1056 and the Nasdaq was ahead by 16 points, or 0.8% at 2135.

 

http://www.thestreet.com/_yahoo/story/10846197/1/the-stock-market-story-aug-27.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA