Thursday, December 29, 2011

Stock Market Bullets December 29, 2011

Stock market highlights for the day:
  • Concern over Europe again! Sovereign debt crisis fear.
  • Last trading day of the year tomorrow
  • 10 year Italian bond yields at dangerous levels (7%)
  • Pending sales of existing US homes at 1.5 yr high
  • Factory activity grows in US midwest
  • Banks and commodity sectors gain
  • Initial claims for jobless benefits more than expected
  • December payrolls report coming next week
  • Amazon falls and affects Nasdaq index.

Wednesday, December 28, 2011

Stock Market Bullets

Bullets for December 28 2011.
  • Asian markets fall in thin trading.
  • Mixed economic news in US and Japan
  • Oil 101 p/barrel
  • Japan industrial output drops, regrowth expected in manufacturing the next two months
  • US consumer confidence at a eight month high, home prices fall
  • India anti-graft bill passed in the lower house

Tuesday, December 27, 2011

Trading expected to be lacklustre

Trading on the various exchanges is expected to be low due to the holiday season. Asian stocks traded dull during the day. What may turn the tide is the data that is expected to flow from the US, which may show encouraging signs of a recovery.

Sales numbers are expected to rise. to around $ 470 Billion and the jobless benefit claims are at a recent record low. The house price index and the consumer confidence numbers too are expected to show good numbers.

On the Technical side, the S&P 500 Index has broken through the 200 day moving average after the recent rally.

Friday, December 2, 2011

Dow ends almost flat

The Dow Jones index almost ended flat but there was hope since it was the best week in 3 years on Wall Street.

There was some positive from an important economic indicator - unemployment rate dropped to a 2.5 year low. The street is still wary of the Europe situation though. The S&P 500 is now very near to the 200 day moving average, a technical indicator, that hints at good times to come if breached from the bottom.