Stocks News

The Euro lost its earlier gains from a five-day upward trend against the dollar and German 10-year bonds rose while the majority of European stocks fell ahead of tomorrow’s EU summit. Industrial metals turned out to be the leaders in growth among trading instruments. The 17-nation unified currency fell 0.2% to $1.3905 as of 8:11AM in London. Yields on 10-year German bonds dropped 2 basis points to 2.10%. Approximately two stocks fell for each stock that rose on the Stoxx Europe 600 Index; the index as a whole lost 0.2%. Futures on the Standard & Poor’s 500 Index fell 0.2%, while copper rose 1.1%, continuing its biggest two-week growth trend since 2009. Rice rose to its highest level in over a month. DT Trading analysts think that the world-wide growth in demand for products from Asian auto manufacturers is the main driving factor behind the growth in commodities prices, in spite of the market’s overall incredulity toward equity instruments and...

S&P500: 1131.81 Medium-Term Trend: downtrend Outlook: A month ago I said the weekly trend had already turned lower and I expected the prices to remain under pressure. Well, the S&P500 index held well for most of September but then fell sharply in the last few sessions. The weekly chart remains very bearish and as long as the prices stay below 1250/60, the main focus should remain on the downside. I even expect that the 1200 level will remain intact and very soon and the market will break to new lows - actually that is only a 30-point move on the downside. A decline twd 1060 seems inevitable at this point but I also think that further weakness twd 984 may be seen before a more meaningful rally develops. Going forward my target is well below 950. Strategy: I am bearish as long as 1250/60 remains intact. My target is at 950 and below.

The company Oracle (ORCL) reported that their profit exceeded analysts’ predictions despite the fact that the company increased expenses on software creation – databases and applications that are helping it run its business. Oracle’s first quarter profit, excluding some points of the financial report, was 48 cents per share, exceeding the average prediction of 47 cents per share. Sales increased 12% to $8.37 billion, coinciding with analysts’ predictions. Oracle’s CEO Larry Ellison continues to benefit from more than $40 billion of mergers and acquisitions since 2005. These acquisitions added several programs to Oracle’s arsenal which are helping the giant corporation manage operations and solve complex computational problems. The income helped the company close the second quarter in a row with increased profit despite decreased sales of machinery and devices. The DT Trading Analytical Department thinks that the company’s optimized expenses during the escalating crisis and drop in production will help the company develop further given its decent profit figures. Oracle is...

S&P500: 1154.41 Short-Term Trend: weak downtrend Outlook: The market gapped down last Tuesday and made a low at 1140, but then rallied to 1204 before turning lower again. This price action is a clear sign of the huge volatility that is still present on this market (VIX has never fallen below 30 during the recent rally attempts!). Right now the picture remains quite bearish as the prices are still well below the declining 100-day and 200-day moving averages. And with the last Friday's action we have a small sell signal from the daily Stochastics too. So, overall I expect lower prices in the next couple of weeks. My downside target is at 1060 but lower downside potential is of course possible. On the upside, only firm and sustained break abv 1210 will turn the daily chart somewhat positive and gains twd 1250/60 will be favored in this case... Strategy: Trading from the short side is favored. Stop=1200/10. Target=1060.

The stock market is considered to be one of the best investment options that can help you in earning extra money. You need not even devoteall of your time to the market in order to earn money. However, it isimportant for you to know if at all the market is performing well andif the time is good enough for you to invest your money into it andthen get good returns out of it. Though it was seen that from the endor the fourth quarter of last year (2010), the stocks have beenperforming quite well, the market is nowadays going through lows asresult of the credit downgrade and many other factors. However, thestock market investment can help you in becoming debt free if you canreally make good profit out of the investment. The Current Market Condition As per recent reports, the Standard & Poor’s 500 went through anaverage downgrade of almost 0.4% at the start of this September, 2011itself and this has...

S&P500: 1174.11 Short-Term Trend: downtrend Outlook: This market remains quite volatile (VIX has never declined below 30 during the current recovery from the early Aug crash low). Initially S&P500 rallied to 1230 level only to stop out many bears that were hoping the 1210 level would remain intact (I thought the same in my last week's ST update as you recall). The Friday's big decline though erased all gains for the week and set a negative bias for the coming week. Thus, as long as the prices stay below 1210, the daily outlook remains bearish and I continue to expect a move twd the 1060 level. On the upside, a move abv last week's top may bring some rally twd 1250/60 but I don't see much further upside progress than that at this stage....

US stocks rose during trading in New York yesterday, forming a peak in the best eight-day growth for the Standard & Poor’s 500 Index since 2009 amid expectations that the economy will continue to recover. However, DT Trading analysts observed that such growth still didn’t prevent speculation arising as a result of the antitrust suit the US Justice Department brought against AT&T Inc (T). Shares of the Ford Motor Co (F) and Alcoa Inc went up 2.3% each since the companies most tied to the real economy experienced growth. Joy Global Inc (JOYG) added 1.3% growth after the mining equipment producer published its income forecast which exceeds analysts’ expectations. Shares of AT&T fell 3.9%, limiting the growth of the Broad Market Index. This occurred after the US government filed a suit to prevent the company’s planned purchase of competitor T-Mobile USA Inc. The government said that the purchase would hinder competition on the wireless communications market. DT Trading analysts noted that...

S&P500: 1292.78 Short-Term Trend: sideways Outlook: We thought the sideways pattern from the Feb top had already ended, but the market told us something different last week. Now, if the larger-degree trend is still on the upside (as we believe), than the current decline should hold abv the 1258 level. A subsequent move higher abv 1350 will be quite bullish in this case. If however, a decline below 1258 is seen, then the odds will favor further weakness twd 1182... Strategy: The hypothetical long from 1332 was stopped out at 1310 with 22 pts loss. Stand aside.

US stock markets are down, and the S&P 500 Index has been in a depression for the fourth day in a row. All Treasury securities have collapsed after members of Congress failed to show any kind of progress in reaching an agreement on raising the country’s debt ceiling. The dollar appreciated, while commodities became cheaper. Deep Trust Trading Analysts observed that the S&P 500 lost 0.3%, dropping to 1,300.67 points as of 4:00PM in New York. The index’s total drop for the week is currently at 3.3%. Futures on the index fell 0.2% at 6:31PM yesterday after Speaker of the House John Boehner postponed a vote on a bill concerning the debt limit. The drop in treasury bills issued in February, payments on which should be made right after August 2, boosted their yields by four basis points to 0.15%. The dollar index rose 0.2% and the S&P GSCIproduct index fell 0.2%. Stocks lost all of the gains they made since...

Asian stocks fell today for the forth day as sentiment continues to deteriorate due to EU's credit woes and US's growth worries since the economy might face a downgrade if officials fail to come up with an agreement to increase their debt ceiling. The MSCI Asia Pacific Index fell by 0.2% to 134.77 at 14:30 in Tokyo. Nikkei 225 Nikkei 225 fell today by 0.85% or 84.75 points closing at 9889.72. From 225 shares, 55 advanced, 154 declined and 16 unchanged. Sectors leading the decline were the industrials that lost 27.99 points and consumer goods that lost 23.58 points. Lagging shares today were Fast Retailing Co Ltd which fell by 2.08% closing at 13160 yen, second was Fanuc Corp which fell by 1.42% closing at 13920 yen. And Canon Inc Corp which fell by 2.77% closing at 3680 yen. Among the shares that advanced Seven & I Holdings Co Ltd topped the list by rising 1.39% closing at 2264 yen, followed by Sumitomo Metal...