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. )
Thursday, January 6, 2011
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