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.  )