24 Nov 2012 Dow Rally To Strong Weekly Gains

Dow Topples 13,000 On Black Friday

It was a solid day for the Dow Jones Industrial Average (DJIA), which ended near a session high to finish north of 13,000 for the first time since Nov. 6. With a lack of domestic data to go on, Wall Street spent the holiday-shortened trading day applauding upbeat reports from China and Germany. Investors also appear to be optimistic about the holiday shopping season, with most tech stocks and retailers gaining notable ground on the biggest shopping day of the year.

The Dow Jones Industrial Average (DJIA) blazed a steady path higher, adding 172.79 points, or 1.35%, to conquer the round-number 13,000 level. In addition, the blue-chip barometer ended atop its 200-day moving average for the first time in more than two weeks. All 30 of the index's components settled north of breakeven, led by Hewlett-Packard's (NASDAQ:HPQ) 4.2% advance. For the week, the Dow soared 3.3%.

 

Similarly, the S&P 500 Index (SPX) settled near a session high, tacking on 18.1 points, or 1.3%, to end atop the 1,400 level for the first time since Nov. 6. Meanwhile, the Nasdaq Composite (COMP) gained 40.3 points, or 1.4%. For the week, the SPX and COMP gained 3.6% and 4%, respectively.

 

GOODLUCK

WALL STREET 19/10/2012 >>> Weak Tech, Soild Housing; Stocks End Day On Sour Note

Google & Microsoft Miscued;
Tech Sector Drags Down DJIA
The Dow traded in positive territory several times today, but headed south after lunchtime, finding its first loss in the past five sessions.

The Dow Jones Industrial Average (DJIA – 13,548.94) spent time on both sides of breakeven today, seeing an intraday high of 13,588.73, and a session low of 13,510.93. But by the time the dust settled, the Dow found itself down 8.06 points, or 0.06%. American Express Company's (NYSE:AXP) earnings-related deficit of nearly 3% headed the index's 11 underperforming issues, while The Travelers Companies, Inc. (NYSE:TRV) gained 3.6% on a better-than-expected quarterly report, pacing the 18 winning blue chips. The Procter & Gamble Company (NYSE:PG) remained unchanged.

Both the S&P 500 Index (SPX – 1,457.34) and Nasdaq Composite (COMP – 3,072.87)turned lower today, ending a their three-session uptrend. The SPX slipped 3.57 points, or 0.24%, while the COMP retreated 31.10 points, or 1%. This worst performance of three benchmarks was highlighted by Google Inc's (NASDAQ:GOOG) & Microsoft Corps (MSFT) "premature" earnings release.

 

The CBOE Market Volatility Index (VIX – 15.03) aka Fear Index edged south by 0.3%, but bounced from its session low of 14.68.

 

ANALYSTS' QUOTES:

 

"Say what you want about technology lagging today. The reality is, tech has performed poorly for nearly a month now. What stood out to me is that housing once again bucked the trend and had a good day. Some wise advice that is easier said than done is to play the trends until they don't work anymore."

 

 

 

 

 

 

 

 

 

 

 

 

"My friends, tech is going down and housing is going up. I have no clue how that will end, but it's reality. And as traders, it's our job to trade the major trends." 

 

 

 

 

“As we saw in Google’s report, there are lots of high expectations in some of these widely held names, and when they don’t deliver, they can get hit pretty hard.” 

 

“The PC market was challenged this quarter. In addition to a tough economic environment and competitive pressures, OEMs [original equipment manufacturers] drew down their Windows 7 inventory as they began to transition to Windows 8.”

 

”The clear driver on the quarter was PCs, shipments of which declined between 8% and 9%. This hurt Windows as well as Microsoft business division revenue.”

 

 

GOODLUCK & HAPPY TRADING

Wall Street : Dow Rally for 2nd day on strong Earnings Data

DOW'S BEST DAY SINCE QE3
Thanks to some upbeat news on the earnings front, the Dow Jones Industrial Average (DJIA) secured a triple-digit gain within the first hour of the session, and remained firmly planted above the 13,525 level throughout most of the day. This is the best performance since the introduction of QE3.

The Dow Jones Industrial Average (DJI – 13,551.78) tagged an intraday peak of 13,556.37 before pulling back slightly to close 127.55 points, or 0.95%, higher. Only five of the 30 Dow components ended in the red today, with UnitedHealth Group Inc.'s (NYSE:UNH) 1.1% decline leading the handful of laggards. On the other side of the fence, Intel Corporation (NASDAQ:INTC) paced the advancers with a rise of 2.9%. Meanwhile, General Electric Company (NYSE:GE) remained unchanged.

The S&P 500 Index (SPX – 1,454.92) and Nasdaq Composite (COMP – 3,101.17) both headed north early in the session and notched solid wins by the time the dust settled. The SPX tacked on 14.79 points, or 1.03%, while the COMP added 36.99 points, or 1.21%.

 

The CBOE Market Volatility Index (VIX – 15.21) edged 0.05 point, or 0.33%, lower today, breaching its 20-day moving average for the first time in over a week.

 

HAPPY TRENDING

Wall Street : Stocks Pounded as Wall Street's Outlook Darkens 11 Oct 2012

Dow Fades 128 Points as Sellers Take Hold of Wall Street
Make it three losses in a row for the Dow Jones Industrial Average (DJI), which was off more than 145 points at its session low, and suffered a second straight triple-point pullback. 

 

The Dow Jones Industrial Average (DJI – 13,344.97) buckled to its intraday bottom of 13,327.62 in the last minutes of trading today, and turned in slightly better results by the time the dust settled. On the day, the blue-chip barometer plummeted 128.6 points, or roughly 1%. All but five of the Dow's 30 components suffered losses, as Alcoa Inc.'s (NYSE:AA) earnings-related decline of 4.6% led the underperforming issues. Conversely, Wal-Mart Stores, Inc. (NYSE:WMT) topped the winning minority with a 1.7% rise. Bank of America Corp (NYSE:BAC) stayed at breakeven.

The S&P 500 Index (SPX – 1,432.56) and Nasdaq Composite (COMP – 3,051.78)prolonged their recent downtrends as well. The SPX retreated 8.9 points, or 0.6%, to end at its lowest level in a month. The COMP, meanwhile, burned off 13.2 points, or 0.4%, dipping below its 60-day trendline for the first time since July 25.

 

GOOD LUCK

Wall Street Week Ahead: Stock bulls eye Spain, Bernanke and jobs

DJIA goes Down for the Day but Up for the Quarter

Wall Street will open October with a busy week, highlighted by low expectations for global manufacturing data and the U.S. jobs report, but that could set the stage for positive surprises that help lift the market.

The S&P 500 finished its third positive quarter in the last four on Friday, despite suffering its largest weekly percentage decline since June. For the past three months, the S&P 500 gained 5.9 percent - its best third quarter since 2010. In contrast, the index was down 1.3 percent for the week.

The benchmark S&P 500 earlier this month reached its highest level since late 2007. Yet uncertainty remains over whether stocks can hold their gains against the headwinds of a struggling economy. That explains, in part, the retreat over the last several days.

The S&P 500 hit a high of 1,474.51 in mid-September before pulling back by a bit more than 2 percent. A run at 1,500 seems possible, but the flurry of economic and world events ahead probably will prevent a major advance in the coming week.

On Friday, the Dow fell 48.84 points, or 0.36 percent, to 13,437.13. The S.& P. 500 fell 6.48 points, or 0.45 percent, to 1,440.67, and Nasdaq fell 20.37 points, or 0.65 percent, to 3,116.23. For the third quarter, the Dow Jones industrial average rose 4.3 percent and the Nasdaq composite index 6.2 percent.

Despite Friday’s losses, the Standard & Poor’s 500-stock index advanced 5.8 percent over the last three months, mainly on expectations that central banks around the world would take steps to stimulate their economies. That brought the benchmark index’s (SPX}) advance so far this year to 14.6 percent.

 

HAPPY TRENDING

DJIA Technical Analysis 25 July 2012

Right click mouse "Open In New Tab" for bigger image

Bulls' Effort Too Little, Too Late as Dow Retreats 104; Index Suffers Third Straight Triple-Digit Drop
The Dow closed lower for the third day in a row and below the June-July uptrend line crossing near 12,627 amid increased speculation that Greece may miss debt reduction targets.

Additional pressure came from news that United Parcel Service Inc. lowered its profit forecast.

Today's breakout and close below the June-July uptrend line crossing near 12,627 confirms that a trend change is taking place while opening the door for sideways to lower prices into August when a seasonal low is due to be posted. Today's low-range close sets the stage for a steady to lower opening on Wednesday as the door is open for a test of the previous reaction low crossing at 12,492 possibly on Wednesday.

Closes above the 20-day moving average crossing at 12,747 would temper the near-term bearish outlook. Stochastics and the RSI are diverging and are turning bearish signaling that sideways to lower prices are possible near-term.

First resistance is the 20-day moving average crossing at 12,747.

Second resistance is last Thursday's high crossing at 12,977.

First support is today's low crossing at 12,521.

Second support is the reaction low crossing at 12,492.

HAPPY TRENDING

DJIA >>> The Daily/60 Mins Technical Charts Outlook

CHARTING THE DOW BULL/BEAR

The 3 Ts >>> Technical Testing Times

As illustrated in the daily chart, the blue-chip benchmark is challenging resistance at the June peak, an area followed by additional overhead around the 13,000 mark.

(Dow 13,000 approximates the February closing peak, and the March breakout point.)

The specific levels hold at each benchmark’s June peak, and these areas mark the near-term bull/bear battleground. The charts above add colors.

Meanwhile, the Dow industrials’ near-term backdrop is slightly weaker. In its case, the blue-chip benchmark remains capped by the June peak of 12,899. On further strength, additional resistance holds around the 13,000 mark, better illustrated on the daily chart.

Technical Analysis : Dow Industrial Average 05 July 2012 The Dow closed higher on Tuesday renewing the rally off June's low. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If the Dow extends the aforementioned rally, May's high crossing at 13,338 is the next upside target. Closes below last Thursday's low crossing at 12,450 would confirm that a short-term top has been posted.

First resistance is today's high crossing at 12,946.

Second resistance is May's high crossing at 13,338.

First support is last Thursday's low crossing at 12,450.

Second support is the reaction low crossing at 12,398.

HAPPY TRADING

WALL STREET : DJIA Chart & Commentaries 11 Jan 2012

Dow boosted by lower Dollar, Alcoa

To further ENLARGE image please right click on mouse follow by choosing

"OPEN" or "OPEN IN NEW TAB"

 

HAPPY TRADING 

WALL STREET : Domestic Data Trumps European Debt Drama

Stocks Tick Higher as Bullish U.S. Data Trump Euro Fears

Despite a rough start to the session, U.S. stocks ended higher today, as upbeat domestic data overshadowed the latest European debt drama. Instead of focusing on lackluster gross domestic product (GDP) growth in the euro zone, or soaring Italian and Spanish bond yields, traders took the glass-half-full approach and celebrated a round of home-grown economic reports. Most notably, traders applauded stronger-than-expected retail sales figures, as well as the Empire State manufacturing index's first foray into positive territory since May. Against this sunny-side-up backdrop, all three major market indexes clawed their way to modest gains by the close.

 The Dow Jones Industrial Average (DJIA – 12,096.16) traded in a range of nearly 165 points today, but settled with a gain of 17.2 points, or 0.1%, by the bell. Seven of the Dow's 30 blue chips bucked the trend, with Chevron (CVX) leading the decliners with a loss of 2.7%, and Boeing (BA) and 3M Company (MMM) finishing right where they started. On the flip side, Hewlett-Packard (HPQ) paced the 23 advancing equities with a 3.4% gain.

Likewise, the S&P 500 Index (SPX – 1,257.81) spent a healthy amount of time on both sides of the breakeven line, but notched a gain of 6 points, or 0.5%, when all was said and done. Finally, the Nasdaq Composite (COMP – 2,686.20) fared the best of the three, bouncing back from an early deficit to end about 29 points, or 1.1%, higher.

HAPPY TRADING 

Technical Analysis Chart >>> DJIA DAILY 12 NOV 2011

Williams PRO-Go Indicator

This indicator calculates two lines a "Public" line and the "Professional" line. The "Public" line is calculated by using the moving average of the candle's change from previous close to open. The "Professional" line is the moving average of the change from current open to current close.

This study is used usually for historical charts, and the rule of thumb is - if the Professional line goes below the Public line it is a sell signal, and if Professional line goes above the Public line it is a buy signal.

HAPPY WEEKEND 

Wall Street Caps Dizzying Week With a 126-Point Rally

Dow In 1.5% Deficit For Volatile Week
U.S. stocks ended a dizzy week on a high note today, as Wall Street viewed the latest round of economic reports with rose-colored glasses. Specifically, investors celebrated encouraging data from the Commerce Department, which said seasonally adjusted retail sales jumped 0.5% in July -- the biggest monthly advance since April. The upbeat figures helped to overshadow a steep drop in the Reuters/University of Michigan consumer sentiment index -- which fell to a 31-year nadir in August -- and aided the bulls to their second straight victory. By the close, the Dow Jones Industrial Average (DJIA) added more than 125 points -- though even a triple-digit jump looked relatively modest against the backdrop of one of the most volatile weeks in years.

ANALYSTS' QUOTES
"There is no question the sharp selloff in asset markets around the world over the past few weeks, on top of an already fragile economic picture, had a major influence on today's reading."

"The consumer is at the center of the weak economy debate ... and as such, even a modestly better-than-expected number today provides us with some level of relief."

“It’s true the market is off its meds for the moment, but it’s still highly susceptible to headline news.”

“You’ve got some extremely confused investors out there."

The Dow Jones Industrial Average (DJIA – 11,269.02) ended with a gain of 125.7 points, or 1.1%, as all but nine of its 30 components finished higher. Leading the bullish majority was Boeing's (BA) 4.9% jump, while JPMorgan Chase (JPM) paced the laggards with a 2.1% retreat. After two straight days in the black, the Dow pared its weekly deficit to 1.5%.

Meanwhile, the S&P 500 Index (SPX – 1,178.81) advanced 6.2 points, or 0.5%, but still gave up 1.7% since last Friday. Finally, the Nasdaq Composite (COMP – 2,507.98) gained 15.3 points, or 0.6%, to end north of the 2,500 level for the first time in a week. What's more, the tech-rich COMP fared the best for the week, trimming its losses to about 1%. 

HAPPY WEEKEND

Worst Sell-Off Since Late 2008; Dow Plunge 512.76 Points

NIGHTMARE ON WALL STREET
Major Indexes are all in the red for 2011
The VIX {Fear Index) jumped to a new high
The Dow Jones Industrial Average (DJIA) may have halted its losing streak on Wednesday, but the bears were back with a vengeance today. Ahead of tomorrow's highly anticipated nonfarm payrolls report, Wall Street was none too impressed with the weekly jobless data from the Labor Department. The discouraging stats sparked an ominous note ahead of the July jobs report, and buyers hit the exits en masse as the session progressed.

By the time the bell mercifully sounded, the DJIA found itself more than 500 points south of breakeven, marking its worst single-session drop since Dec. 1, 2008. On the flip side, the CBOE Market Volatility Index (VIX - 31.66) -- or the Street's "fear barometer" -- skyrocketed more than 35% to tag a new 52-week high, marking its heftiest daily percentage gain since early 2007.

The Dow Jones Industrial Average (DJIA – 11,383.68) steepened its slide as the closing bell approached, surrendering 512.76 points, or 4.3%, by the bell. In fact, all of the Dow's 30 blue chips ended in the red, as not even soon-to-split Kraft Foods (KFT) could eke out a win. Blazing the path lower was Alcoa (AA), which suffered a 9.3% plunge, while McDonald's (MCD) emerged as the least scathed, dropping just 1.5%.

In similar fashion, the S&P 500 Index (SPX – 1,200.07) snowballed 60.3 points, or 4.8%, but found a late-session foothold atop the 1,200 level. Finally, the Nasdaq Composite (COMP – 2,556.39) cascaded 136.7 points, or 5.1%, to end at a new year-to-date nadir.

HAPPY TRADING