Others   

DOW & STI

Dow futures are now "pengsan"...

But the Dow may "Cheong Aaarrrhhh!!!" later in the night... 

 

Most people are waiting for the US job employment result, which will be out tonight.

If result good, DOW would surge tonight and next week STI would see more Bull.

If result disappointing, DOW would fall and next week we'll see more volatility in STI.

Blastoff      ( Date: 04-Jun-2010 10:16) Posted: Low volume today, seem like everyone is sideline...

 

Low volume today, seem like everyone is sideline...

 

Stocks stage recovery

By Alexandra Twin, senior writerJune 3, 2010: 5:59 PM ET

NEW YORK (CNNMoney.com) -- Stocks managed gains Thursday following a choppy session in which investors mulled mixed economic news ahead of Friday's big monthly jobs report.

The Dow Jones industrial average (INDU) added a few points. The S&P 500 index (SPX) gained 4 points, or 0.4%. The Nasdaq composite (COMP) rallied 22 points, or 1%.

Stocks gained in the morning, turned mixed in the afternoon as the euro retreated and then staged another rally near the close.

The weak euro, a spike in crude oil prices and a rise in Treasury prices were all in play during the session. Financial shares were mostly lower, while Nasdaq components Microsoft (MSFT, Fortune 500), Yahoo (YHOO, Fortune 500) and Dell (DELL, Fortune 500) helped lift that index.

On a broader level, the market is churning following a month-long "correction" that set the Dow, S&P 500 and the Nasdaq more than 10% off the recent rally highs. Stocks slumped during that period on worries that the European debt crisis and weak euro will hurt global growth.

Although economists don't expect the country to head into a double-dip recession, the recent economic news has been mixed, adding to investor concerns. That was evident in the morning's readings on jobs, factory activity and services.

Investors are also wary of the correction becoming a bigger sell-off and ultimately a bear market -- a decline of more than 20% off the lows.

"The bears think nothing has changed, we continue to have problems and things are going to get worse, while the bulls say the correction was typical and we're doing fine," said Joe Clark, market analyst at Financial Enhancement Group.

He said that this push-pull is keeping the market choppy right now. "From a trading perspective, the S&P is probably in a range between 1,040 and 1,110, and if it can get past that 1,110 range, a lot of managers will start putting money to work."

The S&P 500 ended Thursday at 1,102.

Energy: The broad stock market advanced Wednesday as energy shares bounced back from the recent drubbing sparked by the BP (BP) oil spill in the Gulf.

But energy stocks were mixed Thursday as investors mulled BP's latest efforts to plug the massive oil leak, more than 6 weeks after its Deepwater Horizon rig exploded. Two ratings agencies downgraded BP, citing the financial impact and hit to its reputation as a result of the explosion.

Nonetheless, shares of both BP and Transocean (RIG), the owner of the rig, gained as BP said its latest effort, involving the use of underwater robots, was having some success.

Jobs market: Reports on the labor market were released before the market open that showed some improvement. However, results were shy of economists' expectations.

The number of Americans filing new claims for unemployment fell to 453,000 last week from a revised 463,000 the previous week. Economists expected 455,000 new claims. But continuing claims, a measure of those receiving benefits for a week or more, rose to 4,666,000 versus forecasts for a decline to 4,600,000 from 4,635,000 the previous week.

Payroll services firm ADP said private-sector employers added 55,000 jobs to their payrolls in May after adding 65,000 in April, short of forecasts for a gain of 60,000.

On Wednesday, outplacement firm Challenger, Gray & Christmas said planned job cuts rose 1.3% in May, although the pace of downsizing continued to slow.

Friday's jobs report is the biggest of the week. The government is expected to report that employers added 500,000 to their payrolls last month, due partly to the impact of the Census jobs. Employers added 290,000 in the previous month. The unemployment rate, generated by a separate survey, is expected to have fallen to 9.8% from 9.9% in the previous month.

Economy: Another report from the Commerce Department showed that factory orders increased 1.2% in April, short of the forecast for a rise of 1.7%. Orders grew 1.7% in March.

The Institute for Supply Management's services sector index for May held steady at 55.4, missing forecasts for a rise to 55.6. However, any reading over 50 shows expansion in the sector.

Retail: In other economic news, the nation's chain stores reported the ninth straight month of gains in May, with discounters such as Costco (COST, Fortune 500) leading the charge.

Euro: The euro inched lower versus the dollar after touching a four-year low of $1.2111 on Tuesday. The euro lost 0.6% versus the greenback.

The dollar fell 0.1% against the yen.

World markets: Markets in Europe rallied. Britain's FTSE 100 gained 1.2%, Germany's DAX added 1.2% and France's CAC 40 advanced 1.6%.

Asian markets ended higher. Japan's Nikkei rallied 3.2% and Hong Kong's Hang Seng rose 1.6%.

Commodities: U.S. light crude oil for July delivery rose $1.75 to settle at $74.61 a barrel on the New York Mercantile Exchange.

COMEX gold for August delivery fell $12.60 to settle at $1,210 an ounce.

Bonds: Treasury prices fell, pushing the yield on the 10-year note to 3.38% from 3.33% late Wednesday. Treasury prices and yields move in opposite directions.

Trading volume: Market breadth was narrowly positive and trading volume was moderate. On the New York Stock Exchange, winners beat losers by more than three to two on volume of 1.22 billion shares. On the Nasdaq, advancers topped decliners by eight to five on volume of 2.21 billion shares. 

 

Stocks extend a run

By CNNMoney.com staffJune 3, 2010: 9:55 AM ET

NEW YORK (CNNMoney.com) -- Stocks gained Thursday, building on the previous session's advance, as investors looked past some weaker-than-expected economic news and focused on recovery hopes.

The Dow Jones industrial average (INDU) gained 46 points, or 0.4%. The S&P 500 index (SPX) rose 5 points, or 0.5% and the Nasdaq composite (COMP) gained 13 points or 0.6%.

Economy: Two labor market reports came out before the market opened, ahead of Friday's big payroll report from the federal government.

The number of first-time filers for unemployment insurance fell to 453,000 last week, down 10,000 from an upwardly revised 463,000 the previous week, according to the weekly jobless claims tally from the Department of Labor.

A separate report from payroll services firm ADP reported private-sector employers added 55,000 jobs in May after an upwardly revised 65,000 increase in April. The figure was short of estimates.

Government readings released Thursday showed worker productivity rose at a 2.8% annual pace, slower than the previously reported 3.6% rate. Meanwhile, businesses' unit labor costs fell 1.3% in the first quarter.

Also due Thursday was the Institute for Supply Management's services sector index for May.

On Friday, the government is expected to report that employers added 500,000 jobs in May after expanding payrolls by 290,000 jobs the month before, according to a consensus of economists surveyed by Briefing.com. A large portion of that number is likely to be attributed to census hires, economists say. The unemployment rate is forecast to ease slightly to 9.8% from 9.9%.

In other economic news, a number of retailers reported tepid May sales.

Euro: The European currency inched lower versus the dollar after touching a four-year low of $1.2111 on Tuesday.

The dollar rose 0.4% against the yen.

World markets: Markets in Europe rallied. Britain's FTSE 100 gained 1.9%, Germany's DAX gained 1.7% and France's CAC 40 gained 2%.

Asian markets ended higher. Japan's Nikkei rallied 3.2% and Hong Kong's Hang Seng added 1.6%.

Commodities: U.S. light crude oil for July delivery rose 43 cents to $73.29 a barrel on the New York Mercantile Exchange.

COMEX gold for August delivery fell $1.90 to $1,219.60 an ounce.

Bonds: Treasury prices fell, pushing the yield on the 10-year note to 3.39% from 3.34% late Wednesday. Treasury prices and yields move in opposite directions. 

 

Jobless claims decline

By Julianne Pepitone, staff reporterJune 3, 2010: 9:52 AM ET

NEW YORK (CNNMoney.com) -- The number of first-time filers for unemployment insurance fell last week, according to a government report released Thursday.

There were 453,000 initial jobless claims filed in the week ended May 29, down 10,000 from an upwardly revised 463,000 the previous week, the Labor Department said.

A consensus estimate of economists surveyed by Briefing.com expected 455,000 new claims for the week. The report was released a day later than usual because of Monday's Memorial Day holiday.

The 4-week moving average of initial claims was 459,000, up 1,750 from the previous week. Moving averages aim to smooth out week-by-week volatility.

"This is a relief, but it is hardly comforting," said Ian Shepherdson, economist at High Frequency Economics, in a research note.

Initial claims have held around the 450,000 mark recently, Shepherdson said, "capturing the still-terrible state of the small-business sector, but (they) do not reflect the much better story among larger firms."

Continuing claims: The government also said 4,666,000 people filed continuing claims in the week ended May 22, the most recent data available. That's up 31,000 from the preceding week.

The 4-week moving average for ongoing claims rose by 9,750 to 4,654,000.

Continuing claims reflect people who file each week after their initial claim until the end of their standard benefits, which usually last 26 weeks. The figures do not include those who have moved to state or federal extensions, nor people who have exhausted their benefits.

A separate report Thursday showed private-sector employers added 55,000 jobs to their payrolls in May, for the fourth straight monthly gain.

Coming up Friday, the widely watched jobs report from the Department of Labor is expected to show employers added 500,000 jobs to their payrolls after adding 290,000 the previous month, according to a consensus of economists surveyed by Briefing.com. The unemployment rate is expected to ease to 9.8% from 9.9% in April.

State-by-state data: Two states said initial claims rose by more than 1,000 for the week ended May 22, the most recent data available.

Claims in New York increased by 1,556, which a state-supplied comment attributed to layoffs in the construction, trade and service industries. Missouri saw claims increase by 1,189.

Six states said new claims fell by more than 1,000. Michigan said claims fell by 2,269, Tennessee had 1,808 fewer claims, Pennsylvania's dropped by 1,597, Georgia's fell by 1,544 and California claims fell 1,206.

 

Stocks rally 2% on energy boost

By Blake Ellis, staff reporterJune 2, 2010: 5:28 PM ET

NEW YORK (CNNMoney.com) -- U.S. stocks rallied on Wednesday, fueled by a rebounding energy sector, as investors regained confidence following the previous session's huge sell-off.

The Dow Jones industrial average (INDU) rose 225.5 points, or 2.3%. The S&P 500 index (SPX) added 28 points, or 2.6%, and the Nasdaq composite (COMP) rallied 59 points, or 2.6%.

On Tuesday, stocks ended sharply lower, with most of the decline coming in the final hour of trading as investors overlooked better-than-expected economic reports and instead worried about the global economic recovery.

"We're going to keep seeing big swings like this," said Harry Clark, CEO of Clark Capital Management Group. "It's going to be a choppy market for the rest of the summer."

Big movers: Gains were broad-based on Wednesday, with energy stocks leading the way.

All of the Oil and Natural Gas Index's 24 components posted gains, while the Amex Oil Index added 3%, with all 12 of its components also rising.

Halliburton (HAL, Fortune 500) jumped 12%, Schlumberger (SLB) rose nearly 9% and Andarko (APC, Fortune 500) added more than 5%. BP (BP) rose 3%.

On Tuesday, energy shares declined - with BP plunging 15% - after the company's latest attempt to plug the oil spill in the Gulf of Mexico failed and Attorney General Eric Holder said there would be a criminal investigation of the spill.

"BP's existence came into question yesterday," said Clark. "Investors put all the other oil companies in the same barrel with BP, but now they're realizing that BP made a mistake but the other companies are doing well."

Transocean (RIG), the operator of the Deepwater Horizon rig that exploded in the Gulf, was an exception, falling more than 3% after dropping 12% on Tuesday.

Technology shares also advanced Wednesday, with IBM (IBM, Fortune 500), Intel (INTC, Fortune 500) and United Technologies (UTX, Fortune 500) all gaining more than 2%.

"Tech has been a laggard, but now people seem to be realizing that tech stocks in general are undervalued and are good buys," said Clark.

Economy: The National Association of Realtors said its pending home sales index, a measure of sales contracts for existing homes, rose 6% in April after climbing 5.3% in March. The jump beat the 4.3% increase economists surveyed by Briefing.com had expected.

Despite the positive report, economic data has had little impact on the market recently, said Clark.

"The whole theme right now is that the market is being driven minute by minute by news, the fundamentals just don't matter," he said. "But the economy is recovering, so the market will have to eventually respond to that."

Outplacement firm Challenger, Gray and Christmas said employers announced plans to cut 38,810 jobs in May, a 1.3% rise from April's four-year low. However, job cuts were 65% lower than the same month in 2009.

Companies: General Motors and Ford Motor (F, Fortune 500) both posted large increases in May sales of the brands they retain, with GM reporting a 32% gain in sales and Ford reporting a 23% increase. Toyota Motor's (TM) sales rose 7%.

"They really helped the idea that the economy isn't falling off a cliff and that there's definitely still demand out there," said Nick Kalivas, vice president of financial research at MF Global.

Ford rose about 4% on Wednesday, while Toyota slipped nearly 1%.

The Financial Crisis Inquiry Commission held the latest in a series of hearings on the role of ratings agencies in the market collapse of 2008-2009. Warren Buffett, the widely respected investor and chief executive of Berkshire Hathaway (BRKA, Fortune 500), was among the witnesses. Several representatives of ratings agency Moody's (MCO) were also in attendance.

World markets: In Asia, Japan's Nikkei index slid 1.1% after the nation's prime minister resigned. Hong Kong's Hang Seng index edged lower.

European markets ended mostly lower, although well off the day's lows. London's FTSE 100 slipped 0.2%, Paris' CAC 40 fell 0.1% and Frankfurt's DAX was flat.

Dollar and commodities: The euro rose against the dollar to $1.2241, bouncing back from the four-year low touched the day before.

The dollar edged lower against the British pound and rose more than 1% versus the Japanese yen.

U.S. light crude oil for July delivery turned higher, climbing 28 cents to settle at $72.86 a barrel.

COMEX gold's August contract dropped $4.30 to settle at $1,222.60 per ounce.

Bonds: Treasury prices were lower, pushing the benchmark 10-year note's up to 3.34% from 3.26% late Tuesday. Bond prices and yields move in opposite directions. 

 

Rebound seen for stocks

By CNNMoney.com staffJune 2, 2010: 4:36 AM ET

NEW YORK (CNNMoney.com) -- U.S. stocks were pointed to a higher open Wednesday, rebounding from a late sell-off in the previous session, as investors await auto sales and employment reports.

Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were higher.

Futures measure current index values against perceived future performance.

On Tuesday, stocks ended sharply lower, with most of the decline coming in the final hour of trading.

Economy: May auto and truck sales are due throughout the day. Industry analysts expect auto sales rose to an annual rate of 4.1 million units from 3.9 million in April. Truck sales are expected to have eased slightly.

Outplacement firm Challenger, Gray and Christmas reports on planned job cuts in May before the market opens. A report from the Labor Department on metro area unemployment rates in April is due after the opening bell.

The pending home sales index for April, a measure of sales contracts for existing homes, is expected to have risen 4.3% after climbing 5.3% in March, according to economists surveyed by Briefing.com. The report from the National Association of Realtors is due at 8:30 a.m. ET.

Companies: The Financial Crisis Inquiry Commission will hold the latest in a series of hearings on the role of ratings agencies in the market collapse of 2008-2009. Warren Buffett, a widely respected investor and chief executive of Berkshire Hathaway (BRKA, Fortune 500), will testify. Several representatives of ratings agency Moody's (MDO) will also be there.

Separately,Apple (APPL) co-founder and chief executive Steve Jobs will appear at the Wall Street Journal's D: All Things Digital conference in Palos Verdes, Calif.

World markets: In Asia, Japan's Nikkei index slid 1.1% after the nation's prime minister resigned. Hong Kong's Hang Seng index edged lower.

European markets opened with declines. London's FT-100 and Paris' CAC 40 slipped 1.2%, while Frankfurt's DAX was off by 1%.

Dollar and commodities: The euro slipped slightly against the dollar to $1.221, about a penny above the 4-year low touched the day before.

The dollar was down against the British pound, but it rose versus the Japanese yen.

U.S. light crude oil for July delivery pulled back 64 cents to $71.94 a barrel.

COMEX gold's August contract dropped $4.90 to $1,222 per ounce.

Bonds: Treasury prices were higher, pushing the benchmark 10-year note's down to 3.28% from 3.29% late Tuesday. Bond prices and yields move in opposite directions. 

 

hahaha! Wall Streeters call the Shot!

pharoah88      ( Date: 02-Jun-2010 13:15) Posted: Tuesday: 1st JUNE 2010 DOW            -112.61   on  EURO BANKS PROBLEMS                                       and CHINA GROWTH SLOWDOWN   What have all these excuses got to do with AMERICA ?

 

Nothing.

They are just excuses to push the DOW lower so the BBs can accumulate stocks at bargain price.

We are now in a accumulation phase.

pharoah88      ( Date: 02-Jun-2010 13:15) Posted: Tuesday: 1st JUNE 2010 DOW            -112.61   on  EURO BANKS PROBLEMS                                       and CHINA GROWTH SLOWDOWN   What have all these excuses got to do with AMERICA ?

 

Tuesday: 1st JUNE 2010

DOW            -112.61   on  EURO BANKS PROBLEMS

                                      and CHINA GROWTH SLOWDOWN

 

What have all these excuses got to do with AMERICA ?     

 

DOW solid bounce to closed off -  Dow  +284.54 pt to 10,258.99 pt by +2.85%

                                             FTSE 100  +157.09 pt to   5,195.17 pt by +3.12%   

Today / current trading Nikkei 225

165.74

9,805.46

Hang Seng

397.45

19,828.82

teeth53      ( Date: 27-May-2010 21:04) Posted: Wishes all A Happy Vesak day. DOW post for solid bounce, STI may bounce some gain  on Monday Stocks set for solid bounce | Track futures

 

I heard there's a "biggest" strike at Honda in China...

Will it have any effect on the SSE?

 

Thursday: 27 MAY 2010

DOW           +284   nO mOre EURO DEBT cOncerns

FTSE           +157   on Energy Stocks

DAX            +179

CAC40        +116

WiLL STi  bOOmz  Or nOt ?

pharoah88      ( Date: 27-May-2010 08:20) Posted: Wednesday: 26 MAY 2010 DOW            -69   on EURO DEBT CONCERNS FTSE           +97 DAX            +87 CAC40        +77 This Scenerio is like a DOW Market Making Scam [DOW MMS] Recently, it happened several times.

 

Looks like we are seeing the biggest bull run in recent times...

 

tat wld be the ideal post holiday 'view'.

 

Wishes all A Happy Vesak day. DOW post for solid bounce, STI may bounce some gain  on Monday

Stocks set for solid bounce | Track futures

 

Dow ends below 10,000

By Alexandra Twin, senior writerMay 26, 2010: 5:53 PM ET

NEW YORK (CNNMoney.com) -- Stocks erased gains by the close Wednesday, with the Dow ending below 10,000 for the first time in three months, as worries about global growth and a slide in the euro overshadowed upbeat economic news.

The Dow Jones industrial average (INDU) lost nearly 70 points, or 0.7%, ending at the lowest point since Feb. 8. The S&P 500 (SPX) index lost 6 points, or 0.6%, and the Nasdaq (COMP) lost 15 points, or 0.7%.

A global market rally and a strong housing market report gave stocks a boost in the morning, but trading was choppy through the rest of the session as the euro weakened. Stocks slipped in the last hour of trading.

Stocks have tumbled in May, with the three major indexes all losing more than 10% each, falling into "correction" mode as investors have worried that Europe's growing debt crisis is going to cut into U.S. and global economic growth.

A $1 trillion aid package announced by European leaders helped temper, but not eliminate, worries about the threat of so-called contagion stemming from problems with debt-plagued nations.

Greece got the ball rolling, but concerns remain about the other so-called PIIGS -- Portugal, Italy, Ireland and most recently, Spain. News that Spain's central bank had to take over one of the nation's oldest savings banks over the weekend ushered in the latest wave of European-crisis driven worries. Reports of heightened tensions between North and South Korea added to jitters Tuesday.

Whether the stock correction - a decline of more than 10% off the highs - becomes a bear market - a drop of 20% to 30% off the highs - remains to be seen.

"A lot of indicators I watch suggest there is a turnaround coming, but the problem is the pullback has been pretty dramatic," said Randy Frederick, director of trading and derivatives at Charles Schwab.

He said that a lot of investors who were skeptical of the huge rally off the March 2009 lows have been waiting for the ideal pullback to get back in, after several smaller pullbacks failed to cross the 10% threshold.

"That pullback is here," he said. "The question is whether they have enough nerve to come back in or will they look at it as evidence that the runup was a false rally."

Euro: The European currency has seesawed since falling to a four-year low of $1.2146 last week.

On Wednesday, the euro fell 1.4% versus the dollar but remained above that four-year low. The dollar lost 0.3% against the yen.

Volatility: The CBOE Volatility index, or the VIX (VIX), Wall Street's fear factor, ended modestly higher after having fallen through most of the session. The VIX had dropped as much as 13% as the market initially rallied, but turned higher when stocks fell.

Economy: New home sales jumped 15% in April, thanks to still-low mortgage rates and a homebuyer tax credit that expired at the end of last month. Sales rose to a seasonally adjusted rate of 504,000 from a revised 439,000 in the previous month. Economists surveyed by Briefing.com expected sales of 425,000.

Another report released before the start of trading showed that durable goods orders rose 2.9% in April, versus forecasts for a gain of 1.5%. Goods orders were flat in March, a revision on an earlier reading that showed a drop in orders.

However, orders excluding transportation fell 1% after rising 4.8% in the previous month. Economists thought orders excluding transportation would rise 0.7%.

World markets: Stocks around the world rebounded. Markets in Europe gained in late trading. Britain's FTSE 100 rose 2%, Germany's DAX gained 1.6% and France's CAC 40 climbed 2.3%.

Asian markets also bounced back following a steep sell-off Tuesday on increased tension between North and South Korea. Japan's Nikkei gained 0.7% and Hong Kong's Hang Seng rose 1.1%. China's Shanghai Composite ended just above unchanged.

Commodities: U.S. light crude oil for July delivery rose $2.76 to settle at $71.51 a barrel on the New York Mercantile Exchange, a gain of over 4%.

COMEX gold for June delivery rose $15.40 to settle at $1,213.40 an ounce.

Bonds: Treasury prices tumbled, raising the yield on the 10-year note to 3.24% from 3.16% late Tuesday. Treasury prices and yields move in opposite directions.

Trading volume: Market breadth was positive. On the New York Stock Exchange, winners beat losers three to two on volume of 1.94 billion shares. On the Nasdaq, advancers topped decliners seven to six on volume of 3.08 billion shares. 

 

Wednesday: 26 MAY 2010

DOW            -69   on EURO DEBT CONCERNS

FTSE           +97

DAX            +87

CAC40        +77

This Scenerio is like a DOW Market Making Scam [DOW MMS]

Recently, it happened several times.

 

S'pore manufacturing output surges 51% on year in April
Posted: 26 May 2010 1305 hrs

	Photos 1 of 1

 

 

SINGAPORE : Singapore's manufacturing output rose for a fifth straight month, surging 51 per cent on year in April.

Excluding biomedical manufacturing, output expanded 31 per cent.

The headline number beat market expectations of about 19 per cent growth.

The Economic Development Board (EDB) says output expanded across all sectors except for the transport engineering cluster.

Output in the biomedical manufacturing cluster nearly doubled, up 95.8 per cent, on year in April, driven by a 102 per cent jump in the pharmaceuticals segment.

EDB says this was due to a different production mix in the active pharmaceutical ingredients.

The electronics cluster grew 60 per cent on year last month, led by semiconductors, as global demand for electronics remained strong.

In the precision engineering cluster, output expanded 56 per cent, spurred by strong demand for semiconductor related equipment worldwide.

Output in the chemicals cluster rose about 25 per cent due in part to new capacity coming online, as well as low base of production last year amidst the global economic downturn.

The general manufacturing cluster grew 17 per cent on year in April.

Bucking the trend, output in the transport engineering cluster fell 23 per cent in April, as a result of fewer ship repair and conversion jobs for the offshore and marine segment.

On a seasonally adjusted month-on-month basis, Singapore's manufacturing output increased 24 per cent in April.