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

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

Wall Street Posts Election-Day Rally, Dow Jumps 133

JOLLY SEA OF GREEN
Wall Street zoomed higher Tuesday in a broad-based advance as Americans headed to the polls to elect the next president. Trading desks across the world were fixated on the American presidential election, the results of which are likely to play a big role in shaping the world's leading economy in years to come. Last-minute polling showed President Barack Obama and Mitt Romney locked in a very tight race. 
 

A significant concern among market participants was also the uncertainty that could be caused by the election dragging out over several days or weeks.

The Dow blazed a trail higher right out of the gate today, topping out at 13,290.75 around midday before closing with a triple digits gain of 133.24 points or +1.02% at 13245.68.  The bullish momentum waned just slightly in the final hour of trading, though, with the blue-chip barometer paring its lead. Today marks just the second close north of 13,200 since Oct. 22 for the Dow.

ANALYSTS' QUOTES:

"Although volume has been relatively light, we enjoyed a pretty nice Election Day rally." 

 "This reminds me of four years ago, when we also had a strong, positive move on Election Day. Overall, we're seeing a lot of strength from crude oil, gold, and other commodities, especially as the dollar displayed quite a bit of weakness."

“Hope springs eternal on Wall Street that we won’t fall apart. There is enough of a belief that the economy is going to expand, maybe not strongly, but still expand, in 2013.”

“For the past few months we’ve been saying that the market would rally in November and December, regardless of who wins. It looks like the economy is improving and the Federal Reserve is still pumping money into the system."

GOODLUCK OBAMA

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

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

Bears roam Wall Street as anxities hit investors prior to earnings season

Dow Sheds 110 Amid Earnings Anxiety and Tech-Sector Woes

As the Dow Jones Industrial Average (DJI – 13,473.53) dove roughly 110.3 points just minutes before the closing bell, the index finished slightly higher than its session low. On the day, the Dow lost 110.12 points, or 0.81%, finishing below its 10- and 20-day moving averages for the first time since September 5. All but three of the 30 blue chips ended in negative territory, as Intel Corporation's analysts-related dip of 2.7% paced the losing issues. On the other hand, McDonald's Corporation (NYSE:MCD) led the winners with a 0.6% rise.

The S&P 500 Index (SPX – 1,441.48) ripped back 14.4 points, or 0.99%, closing below its 20-day moving average for the first time in a nearly a week. The broad-market barometer also notched a close below its 10-week trendline for the first time since June 22.

 

The Nasdaq Composite (COMP – 3,065.02) turned in the worst performance of its fellow benchmarks, sawing off 47.33 points, or 1.52%, finding its lowest daily settlement since August 30. The tech-rich COMP also notched a close below its 10-week trendline for the first time since June 22.

 

The CBOE Market Volatility Index (VIX – 16.37) gained 1.3 points, or 8.3%, to find a foothold at its loftiest price since September 26, though the 80-day moving average hovers above.

 

GOODLUCK2ALL

WALL STREET 15 Sept 2012 >>> U.S. stocks extend Fed-inspired rally

DJIA ends at multi-year high on Feds stimulus promise
U.S. stocks rose for a fourth straight session on Friday to close out the week at nearly five-year highs after the Federal Reserve took bold action to spur the economy, a move that could keep equities buoyed in the coming months. Equities are in a run-up that also pushed the S&P 500 to end higher for four consecutive months. The extended advance has come mainly from actions by Europe's and the United States' central banks to keep interest rates low and stimulate their struggling economies.

The Fed said Thursday that it would keep up its aggressive bond-buying until unemployment falls. Chairman Ben Bernanke said he wanted to see a convincing improvement in the economy that could deliver sustainable job creation.

Scaling back from a 113-point climb, the Dow Jones Industrial Average DJIA +0.40%  gained 53.51 points, or 0.4%, to 13,593.37, the highest close since Dec. 10, 2007. It gained 2.2% on the week, tallying gains for eight of the past 10 weeks. The sharp turn higher for equities came after the Fed unveiled an open-ended plan to buy mortgage-backed assets at a clip of $40 billion a month. The central bank also pledged to take more actions, if necessary, to give the stodgy economy and labor market a fresh jolt of power.

It was the best week for the Dow since early June. The broader markets had a strong week as well: the S&P 500 jumped 1.9% and the Nasdaq rallied 1.5%. 

ANALYSTS QUOTES

"Today is simply a continuation of the strength we saw yesterday." 

"Bernanke's comments are going to create an artificial floor on the market, meaning that we could see higher prices over time. Any correction that we get will be no more than a few percentage points."

"Right now we have this short-term euphoria. But then the question is where do we go from here? I think after a week or so, if the underlying economic data doesn't change, you're going to see the market drop a bit and we'll continue to plod along until the election."

“We had a fair amount of data out right on the heels of the Fed, but probably the biggest influence today is still the after-effects of the Fed’s announcement yesterday.”

"We are starting to get into that heady territory where you need to be on the defensive. Trying to squeak out the last 5 percent of a move when there is potentially a 15 to 20 percent downside in my opinion is pretty dangerous stuff."

"While everyone is trying to figure out what QE3 means to the economy, stocks have spoken, and they like it. At the same time, hedge funds have totally dropped the ball and missed most of this rally. There's a good chance these Johnny-come-latelies could be the fuel for the next surge higher."

 

 HAPPY TRADING