Today's data 2011-01-31

Stocks started mixed but were higher at midday following some favorable economic data along with several firms reporting strong earnings. A handful of mergers also made the news this morning, while U.S. investors did not let the current turmoil in Egypt affect much of their activity.

December consumer spending increased by 0.7%, up from November's downwardly revised 0.3% reading while exceeding economists' expectations. Additionally, consumers' income levels gained 0.4% for the second consecutive month and in line with expectations. Growth in private-sector salaries and wages saw a substantial increase by $15.5 billion, following a $5.9 billion gain in November. The saving rate also declined slightly, which indicates improved consumer comfort with the economy.

Meanwhile, the Chicago Business Barometer in January increased to 68.8, which marked the highest reading since July 1988 and economic expansion for the 16th month in a row. The reading countered expectations of a decline to 64.5, down from December's 66.8. The prices paid index, which is an indicator of inflation, jumped to 81.7, the highest level since July 2008, while the employment index increased to 64.1, compared with December's 58.4 reading. The employment reading is at its highest in more than 26 years.

(Data is good. Market rebounced based on finance sector strong. this is the fact!)

(but as yesterday we said, uptrend is already broken. let's go and see)

SP500 冲高回落，uptrend被打破。

 

SP和Naz 指数二连阴， Dow周五巨棒粉碎八连阳。 成交量也逐步放大。

整体上看，大盘下周持续走低的可能性就极大。看牛放long就看个股和运气了。

大盘从去年八月到现在已近有20%的涨幅。股市最终是要回归经济的本体。 脱离经济的股市，就是扭曲的股市。不管是用时间换空间， 还是空间转换，都必须进行修正。 大盘要是不修正就冲高，基本上就是虚高了。

 

现在经济实体并不是很差， 但从2009年的谷底和去年8月的回调，到现在的高点，股市成长太快。 远远高于经济成长的步伐。 我们个人的看法是经济实体应该对于 SP500 1200（这在我以前的帖子里有说过）， 但是QE2， 水涨船高。 个人认为1280， 应该是一个合理的点位。

和我们以前讲的一样，SP到年底保持为1280， 仍然合理。 但股市不会风平浪静，所以今年会有些不小的震荡。 在这样的情况下，今年的高点和低点都不好讲。上次我们认为Q4在一月会支持住大盘。

但二月什么来支持大盘呢？ 我个人认为熊熊既然出刀了， 就肯定需要有所斩获。 SP 给了一个明显的双头， 我们如果在wishful thinking就不太好了。 回调可深可浅，就看大家的反应了。 1250是一个买入点。 低于1250，要坚决按计划买入，决不手软。  最低可能接近1220。如果大家死牛持股不放，1180也不是不可能的。低于1200，是要烧高香才可等到， 到时坚决all in.  

一切不是不可能，只是大家好了伤疤忘了痛。

 

乐观的图形是，明天周一双棒支撑，大牛市!!  但是几率很小。 如果不出右肩，今年新高应该没问题。如果出了倒山字，就1180见吧。

大家都是走一步看一步。 现在是downtrend, 我们就等1250吧。中间如有他因改变趋势， 我们也会及时更新。 现在个人能力有限，只能看这么深了。 请大家见谅。

Today's Data - 2011-01-28

Stocks turned lower this morning after U.S. fourth-quarter GDP failed to meet expectations and earnings did little to entice investors.

The U.S. economy expanded at a 3.2% clip in the fourth-quarter according to the first estimate from the Commerce Department. This is an acceleration from the 2.6% expansion in the third-quarter but lower than the 3.5% that economists had expected. Consumer spending gained 4.4% in the quarter after a robust holiday shopping season.

The Reuters/University of Michigan consumer sentiment index dipped slightly in January from December levels but still came in ahead of expectations. Inflation expectations rose to 3.4% in the month from 3% in December.

(Data is bad, but not that bad.  However market was acting for the yesterday's data which is more critical to us.  it's clear that the uptrend is broken. whether the downtrend is coming or not. we need check if the SP500 1280 will be broken through. I will give my goal in this weekend. 

let check If we can be in the correct track again. )

Today's Data - 2011-01-27

Stocks were mostly flat this morning following reports of increased jobless claims and decreased durable goods sales, while investors also focused on more earnings reports.

Initial jobless claims exceeded expectations when they rose 51,000 to 454,000 last week, reaching its highest level since October 2010, as a result of seasonal factors like bad weather, says the Labor Department. Economists had expected claims to rise by just 1,000. Although the labor market is recovering, analysts say it will take a long time to make up for all of the jobs lost during the recession.

Orders for U.S.-made durable goods in December unexpectedly dropped by 2.5% because of a weaker demand for airplanes, vehicles, and computer machinery, said the Commerce Department. This is the fourth time in five months that the reading has decreased. Economists has predicted a 1.0% increase. Transportation had the largest decline, falling 12.8%. Shipments and orders for core capital goods each rose 1.4%.

Pending home sales rose 2.0% in December, according to the National Association of Realtors' index. Although this was the fifth increase in the past sixth months, the index is still 4.2% below the level in December 2009.

(news are bad, very bad. the market is holding well. But the news are bad enough to change the sideways into downtrend. Be careful(my personal opinion).  Everything acts normal, nothing changes. my comments and suggestion are totally same as before we mentioned)

Today's data 2011-01-26

Stocks started mixed today on an assortment of earnings reports, but they were higher at midday following favorable housing data. Investors also are awaiting the Federal Open Market Committee's interest-rate announcement at 2:15 p.m. EST.

Aided by a surge in the western states, U.S. new-home sales turned in a 17.5% gain in December to a seasonally adjusted annual rate of 329,000 compared with November's reading. The December increase was more than 5 times higher than the expected increase of 3.1% to a rate of 299,000. However, for the full year of 2010, the initial estimate of home sales is 321,000, which would make it the worst year on record dating back to 1963.

The Dow eclipsed the 12,000 mark this morning for the first time since June 2008. 


 ( good news, and new high.  looks SP500 will touch 1300.  let's check what happens after that. not bad for bulls, the strong close yesterday and today's open)

today's data, 2011-01-25

http://news.morningstar.com/articlenet/article.aspx?id=367402

After bad news from Europe and the housing market, stocks were down at midday.

Although home prices in November were down 4.3% from a year earlier, they remained unchanged from October, according to the Federal Housing Finance Agency's home price index. The housing market remains a weakness in the economy, with only 4.9 million homes sold in 2010. This is a 4.8% decrease from 2009.

In a separate report, prices for single-family homes in 20 major cities decreased by 1.0% in November, according to the S&P/Case-Shiller home price index. This nonseasonally adjusted number is the fourth consecutive monthly decline, and the second straight month where annua l growth rates decelerated. San Diego was the only city to record a monthly increase.

Meanwhile, U.S. consumer confidence unexpectedly jumped to 60.6 in January, said the Conference Board, indicating favorable market conditions and job generation in the coming months. This was up from December's 53.3, and is the highest confidence level since May. Further, consumers' assessment of the present economic conditions increased to 31, the highest level in more than a year.

http://news.morningstar.com/articlenet/article.aspx?id=367402

(today's data is mixed. not that bad. everything is normal.  We need market give us the direction, then we join the party. )

If I am your finance advisor,

 

I will stop you buying any position here except finance section.  S&P500 has 90% break Mr. 1300, and also “All the news” and all the world are doing good. looks 1300 is nothing.

However if I am your advisor, I will tell you hold your cash, wait to next run.  Let others take the risk.

But I am not your advisor. I can not convince you what I believe, and I am not willing to. Also I don’t want to convince you, Your money your decision.

S&P1300 is a very important point. want to break it at first time. It means it’s fake, it’s a trap. I may not be correct this time.  but this is what I am thinking right now.

My comments and just suggestion is just my personal opinion. I don’t try to convince you.  wacth more and think more, make your own decision.

 

(today from data chart, the market shows very strong, especially today’s v shape close, it is very very strong. and powerful.  )

 

but bulls have bull eyes, bears are watching through bears’ eyes.
In my previous posts, I thought and still think sp500 1300 is a very import point, just same as 1280.  can not break it through without any test. As my personal opinion, I will keep more than 50% more cash in my pocket.  I can and I will stay outside of train.

Let check if I can buy lower price ticket or not.

What’s in your wallet? Is it risk enough? 

Today's data 2011-01-24

Despite uneven activity overseas, U.S. stocks were higher at midday following several earnings reports as well as some acquisition announcements and updates.

investors are awaiting the next interest-rate announcement from the Federal Reserve as well as fourth-quarter gross domestic product data, both scheduled for release later this week.

(No major economic data was scheduled for today, the ER data is good for MCD, HCL. 

As we said before, Q4 data will support market, however I am really supprised by this strong market support.  

ER run almost there, if SP500 arround 1280, it is fine. sp 1300 is kind of risk. if you sold around 1300, it's fine also, since there is high chance you can load them back with lower price. not matter interest-rate goes higher or stay same.)

today's data -- 20110121

After the bell Thursday, Google announced both strong fourth-quarter results and a change in management. Staring in April, Eric Schmidt will transition from CEO to executive chairman, Larry Page will take over as CEO, and Sergey Brin will work on strategy and product development. Total revenue increased 26% in the fourth quarter (21% excluding foreign currency fluctuations) to $8.4 billion. The 21% growth was a slight deceleration from the 24% year-over-year growth in the third quarter. Google's revenue growth fueled impressive profitability, operating margins rose to 35%. Shares were up slightly at midday.


General Electric beat analyst expectations as its fourth-quarter profit jumped 51% on the back on strong industrial demand. Organic industrial growth was 6% in the quarter and the firm was able to cut costs by 2%. GE Capital saw revenue decline, but profit soared as provisions for losses dropped. The firm's order backlog rose to $175 billion from $172 billion and management raised their outlook for 2011. Shares were up almost 5.5% at midday.

Bank of America reported a loss of $1.6 billion as settlements and charges related to the firm's mortgage business weighed on results. Credit quality is also slowly improving, with nonperforming loans, leases, and foreclosed properties declining 5.5% during the quarter and 8.6% over the course of the year. The company's wealth-management businesses benefited from a healthier market, with asset-management fees and brokerage income increasing as markets rose and trading increased. Shares dropped 1.2% on the report.
 
no major economic date released, but GOOG, GE supported market. let's see how long it can be.
we are the one in bear side. 

need Say it again.

if you follow my blog, maybe you will be misleaded by my vision.

if it's correct, we both happy. but what happens if I had a wrong vision。It still happens,  although it happen very less.  I just want to say THE RISK IS EVERYWHERE in stock market.

I just make my thought and comments here. You need think by yourselves.
I also very hope you can give me some idea, but almost I won't take it before you have credit on me or it really make sense.  I really want to make friends with you, however I don't want misleading you.

anyway, thanks and welcome for everybody's coming. I will try my best.


又得声明一下， 我写博克， 会干扰你的想法， 对的时候大家都高兴， 但是错的时候怎么办？
虽然错的不多， 但是大家最好要有自己的计划和认知， 大家一起讨论就比较好。

只是提醒一下大家风险无处不在， 我不害人， 但不能保证每次都正确， 我很尽力， 但在股票市场中我只是个nobody. 非常大家的关顾， 我会很努力的。

What Did I do today?

I teard my hands, and force me not to buy the stocks again.


I also sold my more my stocks to rearrage my account. 
God bless me.

Hope I am fine.


今天我要买的冲动是一浪接一浪。欲望也是越来越强。 真是越看盘就越。。。
我只好利用理智来压制我的欲望。

长期下去我会不会性格扭曲呢？ 

欲望啊， 我的欲望~  ！

today's data, 2011-01-20(2)

Morgan Stanley (MSMS) reported a 35% profit increase in the fourth quarter at $836 million compared with $617 million reported the same time last year. Revenue gains in its wealth-management and institutional securities businesses contributed to the increase. Net revenue also exceeded expectations. At midday, shares were 3.2% higher.


(good for finance, good for next run. we need prepare for next run, search and select the stocks which have bull bone)

today's data, 2011-01-20

Claims for initial unemployment benefits dropped by 37,000 to 404,000 last week, said the Labor Department. This drop beat economists' expectations by 12,000 and follows comments from Federal Reserve chairman Ben Bernanke stating he optimistic that the economy will improve this year. However, New York had the greatest increase in total claims, as a result of layoffs in the trade, service, and transportation industries.

Manufacturing activity in Philadelphia dipped 1.5 points to 19.3 in January, the city's Federal Reserve Bank reported. New orders, however, more than doubled to 23.6 in January from 10.6 in December.

Sales of existing homes in December increased 12.3% to a seasonally adjusted 5.28 million, capping off the worst year since 1997, according to the National Association of Realtors. The median home price decreased by 1% to $168,800, the lowest since February. NAR analysts hope this will bring on-the-fence buyers into the market.


(data is great, but the uptrend is changed. it will be flat, or up and down. it's not uptrend anyway. today is confirmed yesterday's drop. uptrend is broken. However the data today are really really good. maybe because of this, we can not go very deep this time. )

When is Valentine's Day

book your date,

 buy her or his a gift,

show your love,

and schedule your day.

THINK AHEAD, and TRADE as YOUR PLAN.

别把胡哥给吓回去了

今天跌的有点很了。



没有胆子抄了。
休息一下吧.

not that nice. too mean, too naive!

Today's data 2011-01-19

Stocks were mostly below the flat line at midday after banks reported mixed results in their quarterly and year-end reports, while housing data was worse than expected.

December housing starts in the United States decreased by 4.3% to a seasonally adjusted annual rate of 529,000, falling from November's downwardly revised reading of 553,000. The 9.0% decline in single-family home construction led the decrease, and economists had expected the overall housing starts rate to be 554,000. New-home construction is 8.2% lower than it was the same time last year. However, building permits, which are indicators of future construction, jumped by 16.7% in December.

(data is bad, market is dropping. if today, sp drop more than 1%, then we need check if trend is turned. difficult to say nothing!)

 Goldman Sachs Group GS reported a 52% decline in fourth-quarter profit after posting decreases in investment banking and trading and securities services revenues. Trading in fixed-income commodities and currencies also dropped 48% year over year. Additionally, full-year net revenues decreased by 13%. The firm, however, reported a gain in its investment management business compared with the fourth quarter of last year. Goldman's shares were down by 2.6% at midday.

 Wells Fargo WFC earned $0.61 per share in the fourth quarter and $2.21 for 2010, showing the strength of its underwriting and core banking business. The bank saw improvements in nonperforming assets and charge-offs during the quarter, allowing it to release $1.5 billion of reserves in the fourth quarter--a trend Morningstar analysts think will continue throughout 2011. That said, charge- offs are still double the bank's long-term historical average. At midday, shares were 1.5% lower. 

(Everything give me more excuss to buy more finance. c, jpm, bac will be my this year stars. 

let's see It's correct or not. )

心里踏实很多， 半年来第一次这样舒坦

这是我们从去年八月打牛旗以来， 第一次股票比例低于40%。 

终于可以长长的出一口气。  舒坦啊。


今年是个好年景，大家要继续努力呀！

Today's data 2011-01-18

The Empire State Manufacturing Index rose from a revised 9.9 in December to 11.9 in January, according to the state's Federal Reserve Bank. This was shy of economists' forecast of 13; however, manufacturers expect activity to increase during the next six months.

The housing market index, released by the National Association of Home Builders/Wells Fargo, stayed a constant 16 for the third consecutive month. This seaso nally adjusted number--which measures market confidence for newly built single-family homes--was expected to increase by one point this month.

(news are ok, and good. market flat. everyone is waiting. )

I felt the pressure last night. I can not hold

Do we agree that there will be a pullback?

The answer is YES.  every one knows and believes it.


SP 1300 搏傻时代就又到。  我们要看看谁是最后的傻子了。


我昨天和周六受到了很大地压力， 主要是看到了一个自己比较喜欢的分析师也讲本周三要又大动作， 当然他没有讲是上涨，还是回调。这就是我纠结的地方。 因为我认为可能会平盘过本周末的。 昨天我花了很多时间读书看图， 都没有用。这和我们前几天的总结一样 -- "大盘现在的位置是处在可上可下微妙地域“

其实这个帖都不用发， 只是给大家update一下我的想法和担心。
现在的位置上下3-4%， 都各有支撑和压力。所以要看大家自己的看法了。
我个人是会看等待和观察SP 1300的被破以后的发展。

 虽然我个人从股子里比较认为会平盘和温和上涨。 但是我并不是每次都能正确无误的。 这次就偷个懒吧。rebalance一下， 出些stocks, 以示对那位分析师的尊重。 主要也是为了缓解一下紧绷的神经， 减少犯错个概率。

Don’t be Bullish or Bearish at this position

 

Where are we?  we are in the middle, it can be start point at next 10% up, also it can the top for next 8% drop, but which will be archived firstly? 

I were and am bearish for this whole year. the house market will be ok, and job market can not be recovered as before. it will be slowly slowly growing up. so the stock market can not be sky high in this whole year. don’t be so ridicules bullish. the stock market can not go straight up.

This year will be finance year. C, JPM, BAC will be the future star.  we will see this for long run. But for short term, it’s your money, your decision. I don’t recommend any individual stock for long term. you need check them by yourself and make your own decision.

“ 偶尔的成功是失败的奶妈妈”。

in short term, sp 1300 will be next target. But please be careful watching the market,
around 1300 may be the turn around point.  1280 need be tested again, maybe several times. so be very careful. the risk is already walking to us.

The very bullish way is market flat here(under 1310, and above 1266) for months(30% chance). 

the bullish way is break 1300 and go straight up(10% chance).

all other scenarios are bearish, especially break 1305 and drop down(more than 50%).

(Every one knows this. I just made this more clear)   I need say it again and again. make your own plan. my personal opinion is only for you to spend my and your(so it’s ours) spare time.

 

今天我很无聊，只是总结一下大牛们的想法，并且自己量化一下。 let’s check it again. right or now?

today's data 2011-01-11

Wholesale inventories at U.S. businesses unexpectedly fell 0.2% in November, according to the Commerce Department's report. Analysts had anticipated a 0.9% rise in these goods after seeing sales surge during the holiday shopping season. Wholesale November sales climbed 1.9%, signaling economic strength.

Job openings in the U.S. workplace were down by 100,000 in November at 3.2 million, reported the Labor Department. Although the past year has seen a 32% increase in job openings, there were still 15 million unemployed two months ago.


(not bad, market is holding well, my personal opinion is still on bull's side.  I am not a over smart person, so I chose Hold until I have the signal. )

today's data 1-10-2011

No major economic data was scheduled for Monday, though the Conference Board reported that its employment trends index for December increased to 99.3, up 0.8% from the downwardly revised 98.5 reading in November. Additionally, the December reading was up 7.6% year over year. The December index indicates the potential for moderate employment growth during the next six months, but it likely will not be enough to assist in pushing down the unemployment rate significantly.



(No major data, flat market right now. so boring)

Stock data for next week -- Stocks brace for earnings test from CNN

这就是我们看牛的根据。 大家参考参考。 如果熊一天，也不会影响我们对uptrend的坚持。

现在看牛长期风险比看熊来的小些。 短期风险个股不好讲， 个人认为还是牛风险小一点。

http://money.cnn.com/2011/01/06/markets/lookahead/index.htm

Stocks brace for earnings test

By Hibah Yousuf, staff reporterJanuary 9, 2011: 3:45 PM ET

NEW YORK (CNNMoney) -- Stocks kicked off 2011 with gains last week despite lackluster economic news, but the week ahead could be more challenging as the quarterly earnings season gets underway.

Dow components Alcoa (AA, Fortune 500), Intel (INTC, Fortune 500) and JPMorgan Chase (JPM, Fortune 500) all report quarterly financial results next week. Apollo Group (APOL) and homebuilder Lennar (LEN), which are both among the S&P 500 companies, will also open their books.

 

http://money.cnn.com/2011/01/06/markets/lookahead/index.htm

 

On the docket

Monday: After the closing bell, Alcoa (AA, Fortune 500) will report its fourth-quarter results. The Dow issue is expected to have earned 19 cents per share, up from 1 cent a year ago, on revenue of $5.7 billion, according to analysts polled by Thomson Reuters.

Apollo Group (APOL), owner of the University of Phoenix, is also expected to report earnings after the bell.

There are no market-moving economic reports expected on Monday.

Tuesday: The Commerce Department releases the wholesale inventories report in the morning. Inventories are expected to have risen 1.3% in November after jumping 1.9% in October.

Lennar (LEN), one of the nation's largest homebuilders, posts quarterly earnings before the opening bell.

Wednesday: Reports on import and export prices, and weekly crude oil inventories are due in the morning.

The December Treasury budget is on tap for the afternoon, as well as the Federal Reserve's Beige Book report on economic conditions across the central bank's 12 districts.

Thursday: The Department of Labor releases the weekly jobless claims report in the morning. The number of Americans filing new claims for unemployment is expected to have climbed to 420,000 last week from 409,000 the previous week.

Continuing claims -- a measure of Americans who have been receiving benefits for a week or more -- is expected to have fallen to 4.07 million from 4.10 million in the previous week.

The Producer Price Index, a measure of wholesale inflation, is due out from the Commerce Department at the same time. The index is expected to have edged up 0.7% in December after rising 0.8% in November. The so-called core PPI, which strips out volatile food and energy prices, is expected to have risen 0.2% after increasing by 0.3% in the previous month.

The trade balance, also due in the morning from the Commerce Department, is expected to have widened to $40.6 billion in November from $38.7 billion in October.

In the afternoon, Federal Reserve Chairman Ben Bernanke will speak at the Federal Deposit Insurance Corporation's forum on small business lending.

After the closing bell, Intel (INTC, Fortune 500) is expected to report a quarterly profit of 53 cents per share versus 40 cents a year ago. The chipmaker is also expected to report a 8% rise in quarterly revenue.

Friday: Before the start of trading, JPMorgan Chase (JPM, Fortune 500) is expected to report a profit of 98 cents per share versus 74 cents a year ago. Revenues at the bank, however, are expected to slip 3%.

The Commerce Department releases the Consumer Price Index, a measure of consumer inflation, in the morning. CPI is expected to have increased 0.4% in December after rising 0.1% the previous month. Core CPI is expected to have inched up 0.1%, after rising the same amount in November.

The Commerce Department also reports on retail sales before trading starts. Sales are expected to have gained 0.7% in December after having increased the 0.8% in November. Sales excluding volatile autos are expected to have ticked up 0.6% after a 1.2% rise the previous month.

The Federal Reserve reports on manufacturing activity in the morning. Industrial production is expected to have increased 0.4% in December after rising 0.8% in November. Capacity utilization is expected to have risen to 75.5% in December from 75.2% in the previous month.

The University of Michigan's consumer sentiment index for January is expected to have risen to 75.0 in early January from 74.5 in late December.

November business inventories, due after the start of trading, are expected to edged up 0.7% after rising the same amount the previous month.

http://money.cnn.com/2011/01/06/markets/lookahead/index.htm

过了1280后， 会怎样(有点黄， 发泄一下）

过了1280后， 会怎样，现在还没想好， 反正先破了sp 1300的处在讲。

是不是真突破， 就看有多少人高潮了。
磨得越久， 牛牛就越强大， 就会更high.
压抑时间越长， 就越要报复性冲击 Gao 点。high 了还要更 high.



能不能一浪接一浪地high？
主要看经济跟不跟的上， 现在的情况不错， 是个人涨涨就怕了，就观望了。

是MM可不会这么轻易的下结论， 他们要等q4的报告。Q4 差不了。 这是我们一月坚持看牛的基本点

today's data and summary 01-07-2011

The economy added 103,000 jobs in December, less than the 150,000 expected by economists. The November jobs number was revised upward to a gain of 71,000 from the previous estimate of 39,000. The unemployment rate dropped to 9.4% from 9.8% in November. The biggest gains were in mining and manufacturing sectors while construction remained a weak point.

(not bad any more.  I was so glad that I did a hard work yesterday. and Bought very quickly today.  

I was so bullish than ever. 

we need break 1300 any way, even it's a fake break.  

I am checking and waiting for that moment.)

But today the market didn't follow my expectations. It's not that green. I am sorry, folks. I need do more work than ever to keep the good job. 

sorry guys, today is not that green.  

but I insisted on my expectation  sp 1280-1300. 
let's check my power again.  afang never wrong, however today, I was wrong AGAIN. :)

nice trade and happy everyday. :)

Publish Post

Looks today will very green

 

看了一圈图，发现都12：38了。 

洗洗睡了。 明天的饭票有了。

don’t be over smart anytime

 

I remind me any time any place. Every one is talking “down, down, down”

“pull back, pull back, pull back, there will be a pullback”

 

But we need hold down, let market tell us. not just over smart to do so.

!!!

 

We need a signal.    we are waiting for that signal.  flag is ready, just wait for the right time.

 

one word: hold. another word is hold tight.

today's data and summary 01-06-2011

all today's data get from morningstar.com Midday Market Update
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Stocks were seeking direction at midday after the Labor Department announced an increase in unemployment claims and foreign markets posted mixed results.

Retailers saw a lower-than-expected increase in December same-store sales, posting a collective 3.1% increase after seeing a 5.6% gain in November. Because supply chain costs are rising, this may bode poorly for the new year, analysts say.

The first week of 2011 also saw unemployment claims rising by 18,000 to 409,000. This is still lower than the expected increase of 22,000 claims. Thanks to layoffs in the transportation, construction, service, and manufacturing industries, California had the largest increase in claims, 15,972.


all today's data get from morningstar.com Midday Market Update
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(data is bad, but market is holding well. we are still waiting for sp 1280. just like last time, the longer under 1280, the better for bulls' market.  as we said before, 1280 almost is historical point. if we broke it, it need be broken through.  any fraud break out will bring us a 8% more fall down. let's just watch very carefully.
we also said in Dec, the job in this and next month are very serious than ever. q4 data will be a good support for Jan/Feb. )

Today's data

The Institute for Supply Management reported that its services index increased to 57.1% in December. The reading is more than 2 percentage points higher than its position in November and also more than a percentage point higher than the expected reading of 55.6%. However, the ISM's employment sub-index fell 2.2 percentage points to 50.5%. That said, the readings indicate growth than contraction.


(Finance are all good. 

Data is all good, no news, no war.  bulls are all good. )
  

we know there will be a pullback, but

Orders for U.S. factory goods in November increased 0.7%, with nondefense capital goods orders, sans aircraft, contributing to the gain. Economists view nondefense capital goods orders to be an indicator of corporate spending. The increase in overall orders countered the expected decrease of 0.1% and was up from the revised October reading of a 0.7% decline.





We know there will be a pullback, BUT Where is it? 
Around 1180-1200, Every one thought there will be a pullback back, but where is it.
 
8%  was already there, if you hold all cash, how long can you wait.  :)
 
very tricky, when someone like me start to think when we need pull money out,
some other guys start to think if they need join the party.
 
 
Stock market is not that easy. it's why 99% individuates lost their money.
follow the trend, buy low and sell high? easy?
yeah, if we just say it. 
 
but Can some one say something that we buy or sell today based on today's level?
 
and it's correct.   I think it's only me.   dare to say and say it right.   :)
 
uptrend still keeping well.
 
one word is hold.  stock position around 50% to 70%.
pullback is around 1290 ( from today's drop, we saw the hope)
buy from here is kind of risky. but finance stock is good buy.  want to buy, need buy immediately.
sell from here is kind of risky too.  check 1280 - 1300 first. if can not break, then sell.
so only word we can say is hold or buy finance,  don't touch bond, if you don't know what are the factors make bond down.