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.
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.
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
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 
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。
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。
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 ! :)
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!)
