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)