KPS (5843) to retest support before advancing

KPS (5843)
KPS has tested the support of 1.17. It is important to monitor the price volume action near this 1.17 level to determine whether the rebound is sustainable. PARABOLIC SAR

One of the most important aspects of this indicator is to keep in mind, that the positioning of the "dots" (aka bubbles) is used by traders to generate transaction signals depending on where the dot is placed relative to the asset's price. A dot placed below the price is deemed to be a bullish signal, causing traders to expect the momentum to remain in the upward direction. Conversely, a dot placed above the prices is used to illustrate that the bears are in control and that the momentum is likely to remain downward.

GOOD LUCK 

09 Nov 2012 >>> DJIA Falling down, falling down, falling down

Wall Street In Multi-Day Retreat

The markets took heavy losses for a second day in a row Thursday in a broad-based retreat late in the session. Every major sector closed to the downside. 

The Dow Jones Industrial Average fell 121.41 points, or 0.94%, to 12,811.32,

its lowest close since late July.

The technicals data is not pretty. In fact it is looking horribly ugly.

 

GOODLUCK

02 Nov 2012 Wall Street Rallys on Job News

GOOD START TO NOVEMBER: The Dow Jones industrial average rose 136.16 points  (+1.04%) on the first day of November, its best gain since mid-September. That came after a loss in October, the first down month since May.

CONFIDENT CONSUMERS: The Conference Board said Americans' confidence in the economy surged last month to the highest level in nearly five years. Many were encouraged by an improving job market.

JOBS NEWS: Investors got a twin dose of good news on the jobs market. Claims for unemployment benefits fell last week, and payroll processor ADP reported that private companies added more jobs last month than economists had been expecting.

HAPPY TRENDING

WALL STREET 20 Oct 2012 >>> Dow Swallows Huge Losses On Bleak Blue-Chip Earnings

Parabolic SAR follows price and can be considered a trend
 following indicator. SAR can act like a trailing stop.
Once an uptrend reverses and starts down, stops
continuously falls as long as the downtrend remains
 in place. The SAR dots have yet to appear at the
Extreme Point (Top) of the above chart.
 

DOW SLAMMED BY WEAK EARNINGS
The Dow Jones Industrial Average (DJIA)  spent the session wallowing in the red, suffering a triple-digit slide and erasing nearly all of its weekly surplus by the close. The (DJIA – 13,343.51)  blazed a steady trail lower today, surrendering 205.43 points, or 1.52%, to pare its weekly gain to just 0.1%. As a result of its worst single-session drop in four months, the blue-chip barometer ended beneath its 50-day moving average for the first time since July 12. Of the Dow's 30 components, only Home Depot (NYSE:HD) bucked the trend, tacking on 0.2%. Of the 29 declining equities, McDonald's (NYSE:MCD) suffered the worst, giving up 4.5% in the wake of disappointing earnings. DJIA had it's weekly surplus shaved to 0.1%.

Likewise, the S&P 500 Index (SPX – 1,433.19) steepened its losses as the session progressed, falling 24.15 points, or 1.66%, before finding a foothold in the 1,430 region. For the week, the SPX edged 0.3% higher. Meanwhile, a batch of lackluster earnings in the tech sector weighed on the Nasdaq Composite (COMP – 3,005.62), which plunged 66.78 points, or 2.17%, to finish at its lowest point since Aug. 6. However, the index maintained its perch atop the round-number 3,000 marker. For the week, the COMP gave up 1.3%.

 

ANALYSTS' QUOTES

 

“And once you get one quarter of negative earnings, it’s a precursor. It’s the cockroach theory: If you find one, there’s probably many more.”

"Today was all about earnings. The reality is we're in the second inning and earnings have stunk. We'd better put our 'rally caps' on and hope earnings come in a lot better next week, or the recent weakness could very well continue."

“We’ve had some household names disappointing on revenue, earnings or guidance. We had about 80 companies reporting this week: financials that did better and technology that did worse. Since this is the worst day we’ve had in months, it reminds us that we haven’t had much volatility or downward pressure since the bottom in June.

“The earnings season is not great right now, but the fundamentals haven’t changed; the U.S. economy is still improving, and it hasn’t gotten worse in Asia or Europe. The market is taking a pause.”

"Poor corporate earnings reports pounded the market today, in a sour end to an otherwise strong week of trading. Disappointing results from three giants of the Dow _ Microsoft, General Electric and McDonald’s _ were to blame. But the broader market fell, too, and the Standard & Poor’s 500 index fared even worse in percentage terms."

HAPPY WEEKEND