Stocks Inch Ahead In Mixed Volume
Stocks edged up Friday, trading in a narrow range in mixed volume.
The NYSE composite led with a 0.3% advance. The Nasdaq added 0.2%, the S&P 500 0.1% and the Dow was fractionally higher.
Volume was down on the Nasdaq but up on the NYSE.
Economic news also was mixed. On the plus side, the revised fourth-quarter GDP number was stronger than expected. Manufacturing and business activity reports in Chicago and New York also topped estimates. But existing home sales and a consumer sentiment index missed views.
None of the data did much to move the market's needle.
The Nasdaq did inch over its 50-day moving average, but the other major indexes remained below that key level.
For the week, the Nasdaq fell 0.2%, as the Dow and the NYSE composite lost 0.7% each, and the S&P 500 eased 0.4%.
Among top-rated stocks, action had a positive bent Friday.
Nothing in Friday's session changed the market's lethargic situation.
After a healthy run from mid-July to mid-September, stocks have languished in a choppy pattern. In the past five months, the Nasdaq has suffered far more down weeks in above-average trade than up weeks in above-average volume.
And although the Nasdaq has bounced more than 6% off its recent low in the past three weeks, its Accumulation/Distribution Rating remains stuck at a worst-possible E.
The best that can be said of this market is that a number of strong stocks are setting up in bases.
With the market in a correction, it's best to focus on your watch lists. Buy no stocks until the market delivers a follow-through day.
Yet, a positive sign emerged recently. Some stocks with high Composite Ratings broke out in the past three weeks. They appear to be holding together, if not necessarily soaring.
Oil and gold both rose Friday.
5:15 p.m. Update: Stocks finished with small gains Friday after a slew of mixed economic data.
The NYSE composite rose 0.3%, Nasdaq 0.2% and S&P 500 0.1%. The Dow inched up a fraction.
Volume fell on the Nasdaq and rose on the NYSE.
The second estimate of the fourth-quarter 2009 GDP came in higher than previously thought and was above views. But the spending component was weaker than expected.
The Chicago PMI unexpectedly rose. But sentiment and housing data came in below economists' estimates.
Stocks dipped on the week, but finished the month on the plus side. The Nasdaq jumped 4.2%, S&P 500 2.8%, Dow 2.6% and NYSE composite 2.2%.
Friday, February 26, 2010
Thursday, February 25, 2010
Stocks Wipe Out Most Of Losses But Still End Lower
Stocks turned what was shaping up as an ugly day into a so-so outcome Thursday.
After slipping almost 2%, the indexes climbed in the afternoon, wiping out most of their losses.
Volume was up across the board and accelerated during the rebound. The late pickup in activity was a positive sign
The Nasdaq finished 0.1% down. The S&P 500 and the NYSE composite shaved 0.2% each. The Dow carved off 0.5%
While the market's rebound was encouraging, the mixed signals continue. Institutional buying is scarce: The major indexes' Accumulation/Distribution Ratings remain at the lowest possible level.
Action among leading stocks, however, was generally positive
But with the market in a correction, it's best to avoid buying any stock. The odds are not in the buyer's favor.
In economic news, first-time jobless claims came in worse than expected. Durable goods orders ex transportation also missed views. And anxiety over Greece rose as fears grew that rating agencies would cut ratings on Greece.
Energy stocks were among the day's worst as prices of crude futures slumped back below $80 a barrel.
U.S. Stocks Fall, Trim Most Losses
5:15 p.m. Update: Greek debt woes and some worse-than-expected economic data slammed stocks Thursday, but equities finished well off their worst levels of the session.
The Dow pared a 1.8% shortfall to 0.5%. The NYSE composite and S&P 500 dipped 0.2% each. Meanwhile, the Nasdaq slipped 0.1%.
Volume climbed across the board.
Stocks tumbled out of the gate after Moody's Investor Services threatened to downgrade Greece's debt ratings. Standard & Poor's warned of a downgrade late Wednesday. Weekly jobless claims came in worse than expected, while durable goods orders ex transportation unexpectedly fell.
Overall, leaders down in heavy volume were few
Economic reports Friday include Q4 revised GDP, Chicago PMI, Michigan sentiment index and existing-home sales.
After slipping almost 2%, the indexes climbed in the afternoon, wiping out most of their losses.
Volume was up across the board and accelerated during the rebound. The late pickup in activity was a positive sign
The Nasdaq finished 0.1% down. The S&P 500 and the NYSE composite shaved 0.2% each. The Dow carved off 0.5%
While the market's rebound was encouraging, the mixed signals continue. Institutional buying is scarce: The major indexes' Accumulation/Distribution Ratings remain at the lowest possible level.
Action among leading stocks, however, was generally positive
But with the market in a correction, it's best to avoid buying any stock. The odds are not in the buyer's favor.
In economic news, first-time jobless claims came in worse than expected. Durable goods orders ex transportation also missed views. And anxiety over Greece rose as fears grew that rating agencies would cut ratings on Greece.
Energy stocks were among the day's worst as prices of crude futures slumped back below $80 a barrel.
U.S. Stocks Fall, Trim Most Losses
5:15 p.m. Update: Greek debt woes and some worse-than-expected economic data slammed stocks Thursday, but equities finished well off their worst levels of the session.
The Dow pared a 1.8% shortfall to 0.5%. The NYSE composite and S&P 500 dipped 0.2% each. Meanwhile, the Nasdaq slipped 0.1%.
Volume climbed across the board.
Stocks tumbled out of the gate after Moody's Investor Services threatened to downgrade Greece's debt ratings. Standard & Poor's warned of a downgrade late Wednesday. Weekly jobless claims came in worse than expected, while durable goods orders ex transportation unexpectedly fell.
Overall, leaders down in heavy volume were few
Economic reports Friday include Q4 revised GDP, Chicago PMI, Michigan sentiment index and existing-home sales.
Wednesday, February 24, 2010
Stocks Stage Hollow Bounce As Volume Declines
Stocks took a whiffle-ball bounce Wednesday, rising in light trade after Fed chief Ben Bernanke reiterated a pledge to keep interest rates low.
The Nasdaq and the S&P 500 led, up 1% each. The Dow took a 0.9% gain and the NYSE composite climbed 0.8%.
Volume remained soft on both major exchanges.
While the market's bounce looked good in terms of price performance, the lack of volume was disappointing. It showed the market continuing its attempted rally in mostly light volume.
The behavior is a signal to hold on to your cash and avoid buying stocks for the time being. Even if a stock has the right pedigree and a good breakout, the market has yet to make a follow-through rally confirmation.
Still, the market showed some resilience Wednesday, rising despite the midmorning news that new home sales fell for a third straight month in January, off 11%, to a record low.
Bernanke told a congressional panel that the Federal Reserve planned to keep interest rates low for "an extended period."
The dollar also had an impact. It pulled back after a bounce on Tuesday. That helped boost oil $1, to just below $80 a barrel. Gold rose less than 1% to near its recent resistance around $1,100 an ounce.
Earnings news stirred much of the day's other action.
U.S. Stocks Bounce Back, But Volume Lags
5:15 p.m. Update: Stocks rose for the first time in three sessions Wednesday, as Federal Reserve Chairman Ben Bernanke pledged to keep interest rates low for an "extended period" of time.
The Nasdaq climbed 1%, closing back above its 50-day moving average by a narrow margin. The S&P 500 also gained 1%, but finished slightly below its 50-day line. Meanwhile, the Dow and NYSE composite rose 0.9% and 0.8%, respectively.
Volume fell on both exchanges, mitigating the comeback.
The Nasdaq and the S&P 500 led, up 1% each. The Dow took a 0.9% gain and the NYSE composite climbed 0.8%.
Volume remained soft on both major exchanges.
While the market's bounce looked good in terms of price performance, the lack of volume was disappointing. It showed the market continuing its attempted rally in mostly light volume.
The behavior is a signal to hold on to your cash and avoid buying stocks for the time being. Even if a stock has the right pedigree and a good breakout, the market has yet to make a follow-through rally confirmation.
Still, the market showed some resilience Wednesday, rising despite the midmorning news that new home sales fell for a third straight month in January, off 11%, to a record low.
Bernanke told a congressional panel that the Federal Reserve planned to keep interest rates low for "an extended period."
The dollar also had an impact. It pulled back after a bounce on Tuesday. That helped boost oil $1, to just below $80 a barrel. Gold rose less than 1% to near its recent resistance around $1,100 an ounce.
Earnings news stirred much of the day's other action.
U.S. Stocks Bounce Back, But Volume Lags
5:15 p.m. Update: Stocks rose for the first time in three sessions Wednesday, as Federal Reserve Chairman Ben Bernanke pledged to keep interest rates low for an "extended period" of time.
The Nasdaq climbed 1%, closing back above its 50-day moving average by a narrow margin. The S&P 500 also gained 1%, but finished slightly below its 50-day line. Meanwhile, the Dow and NYSE composite rose 0.9% and 0.8%, respectively.
Volume fell on both exchanges, mitigating the comeback.
Monday, February 22, 2010
Doji sighted for swing trade, to enter or wait indexes pullback, follow your own gut instinct
kinda difficult to do market timing, cross check with indexes for entry / exit
suggest enter some position now, since charts for stock looks ok
add in further position at support level
or cut loss if it cracks support level
exit once sighted long white candle
cnsl 16.73, add if 16, cut loss 15.5
mir 13.31, add if 12.50, cut loss 11.5
onp 9.86, add if 8.90, cut loss 7
qdel 13.08, add if 12, cut loss 11
cmfo 6.34, add if 6, cut loss 5.5
nuan 14.39, add if 13.5, cut loss 12.9
sncr 16.92, add if 16, cut loss 14
suggest enter some position now, since charts for stock looks ok
add in further position at support level
or cut loss if it cracks support level
exit once sighted long white candle
cnsl 16.73, add if 16, cut loss 15.5
mir 13.31, add if 12.50, cut loss 11.5
onp 9.86, add if 8.90, cut loss 7
qdel 13.08, add if 12, cut loss 11
cmfo 6.34, add if 6, cut loss 5.5
nuan 14.39, add if 13.5, cut loss 12.9
sncr 16.92, add if 16, cut loss 14
Trade Turns Quiet As Indexes Take Small Step Back
Stocks edged down as the recent trend of quiet volume continued Monday.
The Nasdaq, S&P 500 and NYSE composite each slipped 0.1%. The Dow stepped back 0.2%.
Volume was down 16% on the NYSE and 12% on the Nasdaq. For the Nasdaq, it was the slowest trade so far in 2010.
Still, the Nasdaq and the Dow held above their 50-day moving averages, a line they recently reclaimed. The S&P 500 closed under the 50-day line. The NYSE composite hasn't closed above the 50-day in more than four weeks.
One discouraging technical factor is the indexes' Accumulation/Distribution Ratings. While the indexes have risen since Feb. 5, their Acc/Dist Ratings remain at the lowest-possible E.
But among top-rated stocks Monday, action had a positive bias.
In the past couple of weeks, a handful of stocks have broken out. But in most cases, the action is not creating much regret among investors who remain on the sidelines.
With the market in correction, all purchases are risky.
Many of the breakouts have shown contradictory action.
In economic news Monday, the Obama administration unveiled a plan to prop up Medicare by raising taxes on individuals making above $200,000 a year and families making more than $250,000. The new taxes would target interest, dividends, annuities, royalties, rents and capital gains.
The market, however, didn't react much to the news.
Meanwhile, credit card charge-offs jumped in January, but early-stage delinquencies fell for the third month in a row.
5:15 p.m. Update: Some high-rated stocks made sharp moves in after-hours trading following earnings reports late Monday.
Before the open Tuesday, investors can expect the S&P/Case-Shiller home price data to be released.
4:15 p.m. Update: A rally that started around noon EST hit a ceiling in the final hour, sending the market to a narrow loss Monday.
The Dow fell 0.2% as the Nasdaq, NYSE composite and S&P 500 dropped 0.1% each. Volume was lower across the board, according to preliminary figures.
The best industry groups on the day were laggards. That's not ideal. The top group was transportation services. It gained 2.5% and ranked 174th
The Nasdaq, S&P 500 and NYSE composite each slipped 0.1%. The Dow stepped back 0.2%.
Volume was down 16% on the NYSE and 12% on the Nasdaq. For the Nasdaq, it was the slowest trade so far in 2010.
Still, the Nasdaq and the Dow held above their 50-day moving averages, a line they recently reclaimed. The S&P 500 closed under the 50-day line. The NYSE composite hasn't closed above the 50-day in more than four weeks.
One discouraging technical factor is the indexes' Accumulation/Distribution Ratings. While the indexes have risen since Feb. 5, their Acc/Dist Ratings remain at the lowest-possible E.
But among top-rated stocks Monday, action had a positive bias.
In the past couple of weeks, a handful of stocks have broken out. But in most cases, the action is not creating much regret among investors who remain on the sidelines.
With the market in correction, all purchases are risky.
Many of the breakouts have shown contradictory action.
In economic news Monday, the Obama administration unveiled a plan to prop up Medicare by raising taxes on individuals making above $200,000 a year and families making more than $250,000. The new taxes would target interest, dividends, annuities, royalties, rents and capital gains.
The market, however, didn't react much to the news.
Meanwhile, credit card charge-offs jumped in January, but early-stage delinquencies fell for the third month in a row.
5:15 p.m. Update: Some high-rated stocks made sharp moves in after-hours trading following earnings reports late Monday.
Before the open Tuesday, investors can expect the S&P/Case-Shiller home price data to be released.
4:15 p.m. Update: A rally that started around noon EST hit a ceiling in the final hour, sending the market to a narrow loss Monday.
The Dow fell 0.2% as the Nasdaq, NYSE composite and S&P 500 dropped 0.1% each. Volume was lower across the board, according to preliminary figures.
The best industry groups on the day were laggards. That's not ideal. The top group was transportation services. It gained 2.5% and ranked 174th
Friday, February 19, 2010
Search for roket stocks & buy high sell higher teori, is it elusive?
the search is on for the above 9 roket stocks, the only way to find out is to buy them & watch their price performance. if acts right further, can pyramid position
jdas 28.23 (next entry point 25.50, cut loss 19.50) valu. looks ok
otex 47.67 (next entry point 42.50, cut loss 34.50) inst. looks ok, valu. looks ok
asps 26.55 (next entry point 21.50, cut loss 20.50) inst. looks ok
el 58.83 (next entry point 51.50, cut loss 40.50) valu. looks ok
netl 54.58 (next entry point 47.50, cut loss 36.50)
nflx 66.65 (next entry point 59.50, cut loss 45.50)
athr 36.82 (next entry point 33.50, cut loss 27.50)
prgo 49.88 (next entry point 45.50, cut loss 35.00) inst. looks ok
vprt 58.87 (next entry point 52.50, cut loss 45.00) valu. looks ok
Swing trade & new high, take profit depend on own level of greed & timeframe :)
base on the stocks earlier mentioned, exiting position as market seems ok
ego 12.30 exit 12.79
tyl 18.65 exit 19.26
caas 16.46 exit 17.12
brli 38.5 exit 39.82
nhi 33.21 exit 36.05
lhcg 29.83 exit 32.2
prgo 46.32 exit 49.88
vrx 34.4 exit 36.97
vprt 53.14 exit 58.87
tm got no doji, can't enter yet
ego 12.30 exit 12.79
tyl 18.65 exit 19.26
caas 16.46 exit 17.12
brli 38.5 exit 39.82
nhi 33.21 exit 36.05
lhcg 29.83 exit 32.2
prgo 46.32 exit 49.88
vrx 34.4 exit 36.97
vprt 53.14 exit 58.87
tm got no doji, can't enter yet
Stocks Near Neutral In Reaction To Fed
Stocks settled slightly higher Friday in the first session following the Federal Reserve's surprise discount-rate hike.
The S&P 500 added 0.2%. The Nasdaq and the Dow edged up 0.1% each. The NYSE composite was up fractionally.
Volume rose across the board. Friday was an expiration day for February options, which often gives a boost to volume.
The Street initially showed some nervousness about the Fed's action. Stocks opened moderately lower.
After the early hesitation, cautious acceptance prevailed.
The major indexes found traction about a half hour into the session and climbed steadily. The indexes gave up much of their gains in an afternoon decline.
Analysts said the discount-rate change was largely symbolic. It involves the rate the Federal Reserve charges banks for overnight loans from the Fed. In contrast, the federal funds rate, which remains unchanged, has a larger ripple effect. It involves the rate banks charge each other for short-term loans.
In the wake of the 2000-03 bear market, the Fed didn't raise the federal funds rate for more than a year. The first federal funds hike came 15 months after the market made a follow-through day in March 2003 that started the next bull market.
How did the market react to the rate increases when they began in mid-2004? The Nasdaq fell for six weeks and then began a 20-week advance.
Despite higher volume in the major indexes, top-rated stocks were mostly quiet Friday. Only a few made big moves in fast trade, despite the increase in market volume.
The S&P 500 gained 3.1% for the week; the Dow and NYSE composite 3% each; and the Nasdaq 2.8%. It was one of the market's best weeks of the year.
In economic news, the consumer price index showed less inflation than analysts expected.
5:15 p.m. Update: After-hours action was calm Friday with no notable economic news or companies reporting.
Monday, however, will be busy. Over 100 companies are scheduled to release earnings, and few have specified when.
No U.S. economic news is scheduled before the market opens. The first two items on the day's docket are comments from Janet Yellen, San Francisco Fed President, at 10:30 a.m. EST, followed by Fed Chief Ben Bernanke at 11 a.m. EST.
The S&P 500 added 0.2%. The Nasdaq and the Dow edged up 0.1% each. The NYSE composite was up fractionally.
Volume rose across the board. Friday was an expiration day for February options, which often gives a boost to volume.
The Street initially showed some nervousness about the Fed's action. Stocks opened moderately lower.
After the early hesitation, cautious acceptance prevailed.
The major indexes found traction about a half hour into the session and climbed steadily. The indexes gave up much of their gains in an afternoon decline.
Analysts said the discount-rate change was largely symbolic. It involves the rate the Federal Reserve charges banks for overnight loans from the Fed. In contrast, the federal funds rate, which remains unchanged, has a larger ripple effect. It involves the rate banks charge each other for short-term loans.
In the wake of the 2000-03 bear market, the Fed didn't raise the federal funds rate for more than a year. The first federal funds hike came 15 months after the market made a follow-through day in March 2003 that started the next bull market.
How did the market react to the rate increases when they began in mid-2004? The Nasdaq fell for six weeks and then began a 20-week advance.
Despite higher volume in the major indexes, top-rated stocks were mostly quiet Friday. Only a few made big moves in fast trade, despite the increase in market volume.
The S&P 500 gained 3.1% for the week; the Dow and NYSE composite 3% each; and the Nasdaq 2.8%. It was one of the market's best weeks of the year.
In economic news, the consumer price index showed less inflation than analysts expected.
5:15 p.m. Update: After-hours action was calm Friday with no notable economic news or companies reporting.
Monday, however, will be busy. Over 100 companies are scheduled to release earnings, and few have specified when.
No U.S. economic news is scheduled before the market opens. The first two items on the day's docket are comments from Janet Yellen, San Francisco Fed President, at 10:30 a.m. EST, followed by Fed Chief Ben Bernanke at 11 a.m. EST.
Wednesday, February 10, 2010
Happy Chinese New Year & Have a Nice Holiday to all!!
won't be posting for a week, it is good to take a break & enjoy, do have fun!
Stocks Post Modest Losses As Volume Drifts Lower
Stocks jogged to a negative finish Wednesday, although in softer volume.
The NYSE composite, S&P 500 and the Dow each lost 0.2%. The Nasdaq edged down 0.1%. Volume was down on both major indexes. An East Coast blizzard contributed to the slower trading.
Few leaders showed any gumption Wednesday. Breakouts have been nonexistent to rare recently.
With the market in correction, investors are best off staying on the sidelines and building watch lists. Focus on stocks with strong fundamentals. Some of these stocks, such as Priceline (PCLN), appear to be forming bases.
Strong stocks often use a market correction to form positive patterns. The market, though, still reflects institutional selling. For example, the Nasdaq's Accumulation/Distribution Rating has been stuck at a lowest-possible E for 10 consecutive sessions. The NYSE composite has been at E for 15 sessions in a row.
While it's unusual for an index to be stuck at E for a long time, it's not unprecedented. For example, on May 25, 2004, the Nasdaq followed through after 11 consecutive sessions with such a poor Acc/Dis Rating.
An E rating isn't necessarily bad for a market follow-through.
Follow-through days that occur with the index at E usually work, recent history suggests. There were six follow-through days since 2000 that came with the index showing E ratings. Only one failed.
What you don't want to do is jump the gun. The indexes have corrected 8% to 11% in this decline. But there's no assurance that lows have been made. Wait for a follow-through day to signal an uptrend is under way.
A follow-through day involves a significant gain in a major index in higher volume than the prior session. It must occur on Day 4 or later of a rally attempt.
5:15 p.m. Update: Stocks slipped after a back-and-forth session Wednesday, as investors mulled a report suggesting help for Greece, a growing trade deficit and Fed Chairman Ben Bernanke's outline for the stimulus exit.
The Dow, NYSE composite and S&P 500 lost 0.2% each. Intraday, the NYSE composite was down as much as 1.2% and up as much as 0.2%. Meanwhile, the Nasdaq fell 0.1%. A heavy snow storm back East dampened trading volume on both exchanges.
Stocks Post Modest Losses As Volume Drifts Lower
Stocks jogged to a negative finish Wednesday, although in softer volume.
The NYSE composite, S&P 500 and the Dow each lost 0.2%. The Nasdaq edged down 0.1%. Volume was down on both major indexes. An East Coast blizzard contributed to the slower trading.
Few leaders showed any gumption Wednesday. Breakouts have been nonexistent to rare recently.
With the market in correction, investors are best off staying on the sidelines and building watch lists. Focus on stocks with strong fundamentals. Some of these stocks, such as Priceline (PCLN), appear to be forming bases.
Strong stocks often use a market correction to form positive patterns. The market, though, still reflects institutional selling. For example, the Nasdaq's Accumulation/Distribution Rating has been stuck at a lowest-possible E for 10 consecutive sessions. The NYSE composite has been at E for 15 sessions in a row.
While it's unusual for an index to be stuck at E for a long time, it's not unprecedented. For example, on May 25, 2004, the Nasdaq followed through after 11 consecutive sessions with such a poor Acc/Dis Rating.
An E rating isn't necessarily bad for a market follow-through.
Follow-through days that occur with the index at E usually work, recent history suggests. There were six follow-through days since 2000 that came with the index showing E ratings. Only one failed.
What you don't want to do is jump the gun. The indexes have corrected 8% to 11% in this decline. But there's no assurance that lows have been made. Wait for a follow-through day to signal an uptrend is under way.
A follow-through day involves a significant gain in a major index in higher volume than the prior session. It must occur on Day 4 or later of a rally attempt.
5:15 p.m. Update: Stocks slipped after a back-and-forth session Wednesday, as investors mulled a report suggesting help for Greece, a growing trade deficit and Fed Chairman Ben Bernanke's outline for the stimulus exit.
The Dow, NYSE composite and S&P 500 lost 0.2% each. Intraday, the NYSE composite was down as much as 1.2% and up as much as 0.2%. Meanwhile, the Nasdaq fell 0.1%. A heavy snow storm back East dampened trading volume on both exchanges.
EGO $12.30 swing trade
for free websites, do check out earnings & valuation
http://www.reuters.com/finance/stocks/analyst?symbol=EGO
Earnings (per share) Surprise %
Quarter Ending Sep-09 0.07 0.08 0.01 7.96
Quarter Ending Jun-09 0.06 0.07 0.01 14.19
http://quicktake.morningstar.com/StockNet/StockValuation.aspx?Country=USA&Symbol=ego
Stock Industry S&P 500 Stock's 5Yr Average*
Price/Earnings 27.5 --- --- ---
Price/Book 5.4 --- --- 4.9
Price/Sales 16.2 --- --- 20.0
Price/Cash Flow 43.5 --- --- ---
Dividend Yield % --- --- 1.9 ---
since market sux, tread wearily & suggest tight cut loss
TYL $18.65 for swing trade - Wait as earnings on 25 feb2010
for free websites, do check out earnings & valuation
http://www.reuters.com/finance/stocks/analyst?symbol=TYL
Earnings (per share) Surprise %
Quarter Ending Sep-09 0.18 0.20 0.02 8.70
Quarter Ending Jun-09 0.17 0.19 0.02 8.57
http://quicktake.morningstar.com/StockNet/StockValuation.aspx?Country=USA&Symbol=tyl
Stock Industry S&P 500 Stock's 5Yr Average*
Price/Earnings 27.1 277.8 --- 35.7
Price/Book 5.3 4.5 --- 4.1
Price/Sales 2.4 4.3 --- 2.4
Price/Cash Flow 20.5 18.4 --- 11.7
Dividend Yield % --- --- 1.9 ---
since market sux, tread wearily & suggest tight cut loss
CAAS $16.46 swing trade but do own dd
for free websites, do check out earnings & valuation
http://www.reuters.com/finance/stocks/analyst?symbol=CAAS.W
Earnings (per share) Surprise %
Quarter Ending Sep-09 0.16 0.28 0.12 80.65
Quarter Ending Jun-09 0.13 0.21 0.08 61.54
http://quicktake.morningstar.com/StockNet/StockValuation.aspx?Country=USA&Symbol=caas
Stock Industry S&P 500 Stock's 5Yr Average*
Price/Earnings 28.9 --- --- 33.5
Price/Book 4.3 --- --- 3.7
Price/Sales 2.4 --- --- 2.1
Price/Cash Flow 13.8 --- --- ---
Dividend Yield % --- --- 1.9 ---
since market sux, tread wearily & suggest tight cut loss
Tuesday, February 9, 2010
Greece Hopes Lift Stocks; Volume Rises
Another day of currency-related trading handed the stock market solid gains Tuesday.
The NYSE composite surged 1.8%, the Dow 1.5%, the S&P 500 1.3% and the Nasdaq 1.2%. Volume rose 8% on the Nasdaq and 14% on the NYSE above Monday's action.
The session pivoted on reports of a possible loan guarantee from European governments to help Greece get past its debt crisis. Fears that Greece's debt woes could spin out into larger financial problems have damaged the euro in recent weeks and hurt global stocks.
Tuesday's hopes lifted the euro and world exchanges.
Around 12:45 EST, indexes slid on reports quoting a German official who called news of a bailout unfounded. Still, U.S. indexes managed to hold the majority of their gains.
With the dollar dropping against a rebounding euro, stocks of U.S. exporters rose. Commodities climbed also. Steel, farming, mining and other related industries led the market.
Tuesday's action added another bullish plank to the market's bottoming effort.
After a positive reversal Friday, indexes fell in lower volume Monday. Tuesday's gain in higher trade continued the favorable price and volume action.
5:15 p.m. Update: Stocks recouped Monday's losses and then some Tuesday as bailout hopes for Greece lifted sentiment.
The NYSE composite ran up 1.8%, but down from 2.6% at session peak. The Dow rallied 1.5%, closing back above the psychological 10,000 level. Meanwhile, the S&P 500 and the Nasdaq gained 1.3% and 1.2%, respectively.
Volume jumped on both exchanges.
The dollar pulled back against the euro. Gold and oil also rallied.
The NYSE composite surged 1.8%, the Dow 1.5%, the S&P 500 1.3% and the Nasdaq 1.2%. Volume rose 8% on the Nasdaq and 14% on the NYSE above Monday's action.
The session pivoted on reports of a possible loan guarantee from European governments to help Greece get past its debt crisis. Fears that Greece's debt woes could spin out into larger financial problems have damaged the euro in recent weeks and hurt global stocks.
Tuesday's hopes lifted the euro and world exchanges.
Around 12:45 EST, indexes slid on reports quoting a German official who called news of a bailout unfounded. Still, U.S. indexes managed to hold the majority of their gains.
With the dollar dropping against a rebounding euro, stocks of U.S. exporters rose. Commodities climbed also. Steel, farming, mining and other related industries led the market.
Tuesday's action added another bullish plank to the market's bottoming effort.
After a positive reversal Friday, indexes fell in lower volume Monday. Tuesday's gain in higher trade continued the favorable price and volume action.
5:15 p.m. Update: Stocks recouped Monday's losses and then some Tuesday as bailout hopes for Greece lifted sentiment.
The NYSE composite ran up 1.8%, but down from 2.6% at session peak. The Dow rallied 1.5%, closing back above the psychological 10,000 level. Meanwhile, the S&P 500 and the Nasdaq gained 1.3% and 1.2%, respectively.
Volume jumped on both exchanges.
The dollar pulled back against the euro. Gold and oil also rallied.
Monday, February 8, 2010
Stocks Give Up Gains, But Most Leaders Hold Up OK
Stocks tumbled Monday as a rebounding dollar erased morning gains.
The NYSE composite and the Dow each lopped off 1%. The S&P 500 and Nasdaq surrendered 0.9% and 0.7%, respectively. Volume on both major exchanges was well below Friday's above-average levels.
The major indexes closed at session lows.
Most of the day's activity appeared to follow moves in the dollar. The U.S. currency fluctuated in response to concerns over sovereign-debt woes affecting Greece and other European nations.
Despite more losses Monday, a few factors about the session were encouraging.
First, the major indexes remained above Friday's lows, which marked the deepest point so far in the current correction. So technically the market is still working on an attempted rally.
Second, most of the day's stock declines came in lower volume. The overall market's loss in lower volume is generally the kind of action you'd like to see, bear market or bull. It indicates that institutional investors are playing a comparatively small role in the selling.
Finally, Monday's action differed from last week in that positive earnings reports spurred buying. Up to then, many stocks had sold off even when their quarterly results were above estimates.
Among the losers, the majority slipped in soft trading and suffered no real damage on their charts.
U.S. Stocks Stumble; Dow Closes Below 10,000
5:15 p.m. Update: Stocks dropped after a seesaw session Monday, as overseas debt worries again plagued the market.
The Dow lost 1%, closing below the psychological level for the first time since Nov. 6. The NYSE composite also gave up 1%. Meanwhile, the S&P 500 dropped 0.9% and the Nasdaq 0.7%.
Volume finished vastly lower than Friday's pace.
The NYSE composite and the Dow each lopped off 1%. The S&P 500 and Nasdaq surrendered 0.9% and 0.7%, respectively. Volume on both major exchanges was well below Friday's above-average levels.
The major indexes closed at session lows.
Most of the day's activity appeared to follow moves in the dollar. The U.S. currency fluctuated in response to concerns over sovereign-debt woes affecting Greece and other European nations.
Despite more losses Monday, a few factors about the session were encouraging.
First, the major indexes remained above Friday's lows, which marked the deepest point so far in the current correction. So technically the market is still working on an attempted rally.
Second, most of the day's stock declines came in lower volume. The overall market's loss in lower volume is generally the kind of action you'd like to see, bear market or bull. It indicates that institutional investors are playing a comparatively small role in the selling.
Finally, Monday's action differed from last week in that positive earnings reports spurred buying. Up to then, many stocks had sold off even when their quarterly results were above estimates.
Among the losers, the majority slipped in soft trading and suffered no real damage on their charts.
U.S. Stocks Stumble; Dow Closes Below 10,000
5:15 p.m. Update: Stocks dropped after a seesaw session Monday, as overseas debt worries again plagued the market.
The Dow lost 1%, closing below the psychological level for the first time since Nov. 6. The NYSE composite also gave up 1%. Meanwhile, the S&P 500 dropped 0.9% and the Nasdaq 0.7%.
Volume finished vastly lower than Friday's pace.
Friday, February 5, 2010
Stocks Erase Losses, End Mostly Higher
Stocks counterpunched to a mostly positive finish Friday after a sharp sell-off earlier in the day.
The Nasdaq chugged ahead 0.7%, the S&P 500 0.3% and the Dow 0.1%. The NYSE composite edged down 0.1% but had been down as much as 2.3% earlier.
Volume was up modestly across the board.
Nasdaq 0.3%, the Dow 0.5%, the S&P 500 0.7% and NYSE composite 1.5%.
The indexes opened lower Friday, apparently because of additional negative reports on debt problems in Greece, Portugal and Spain. The release before Friday's open of a mixed U.S. jobs report also didn't help.
On Friday, Portugal, Spain and Greece saw costs for insuring debt rise to record levels, again bolstering the U.S. dollar vs. the euro.
A stronger dollar puts downward pressure on commodities such as steel, oil and gold.
Meanwhile, the U.S. government reported that payrolls dropped by 20,000 in January, which was worse than expected. But the jobless rate eased to 9.7%, better than expected.
The market weighed all this and then sold off rather aggressively.
The sell-off persisted until mid-afternoon. Three factors might've triggered the reversal.
First, a Federal Reserve report said consumer borrowing had dropped far less than expected. This raised hopes that the U.S. consumer might be ready to start spending again.
The second item was the U.S. dollar, which retreated from its high for the day. The third was speculation that Europe might act to solve the debt mess.
Despite Friday's positive reversal, the market remains in a correction. Action throughout the week underlined that reality.
Last week, the market instantly dismissed bullish news. The week included these reports: U.S. manufacturing in January expanded at the fastest pace in five years; productivity beat views and rose for a fourth consecutive quarter; and total holiday retail sales showed the best gain since 2006.
But the market shrugged and let the bears write the script.
Whether the bears are right or not, you should not argue with the market.
Don't buy stocks until a new uptrend is confirmed. While the market's action Friday was encouraging, so far it is just the start of an attempted rally.
Let no gain turn into a loss, even if it's painful to take a small gain rather than the bigger gain you had several weeks ago. Sell every stock that drops 8% below your buy point, no exceptions.
Among industry groups Friday, techs did well as did gold miners, despite the higher dollar. Auto and truck equipment and parts took the hardest hits.
The Nasdaq chugged ahead 0.7%, the S&P 500 0.3% and the Dow 0.1%. The NYSE composite edged down 0.1% but had been down as much as 2.3% earlier.
Volume was up modestly across the board.
Nasdaq 0.3%, the Dow 0.5%, the S&P 500 0.7% and NYSE composite 1.5%.
The indexes opened lower Friday, apparently because of additional negative reports on debt problems in Greece, Portugal and Spain. The release before Friday's open of a mixed U.S. jobs report also didn't help.
On Friday, Portugal, Spain and Greece saw costs for insuring debt rise to record levels, again bolstering the U.S. dollar vs. the euro.
A stronger dollar puts downward pressure on commodities such as steel, oil and gold.
Meanwhile, the U.S. government reported that payrolls dropped by 20,000 in January, which was worse than expected. But the jobless rate eased to 9.7%, better than expected.
The market weighed all this and then sold off rather aggressively.
The sell-off persisted until mid-afternoon. Three factors might've triggered the reversal.
First, a Federal Reserve report said consumer borrowing had dropped far less than expected. This raised hopes that the U.S. consumer might be ready to start spending again.
The second item was the U.S. dollar, which retreated from its high for the day. The third was speculation that Europe might act to solve the debt mess.
Despite Friday's positive reversal, the market remains in a correction. Action throughout the week underlined that reality.
Last week, the market instantly dismissed bullish news. The week included these reports: U.S. manufacturing in January expanded at the fastest pace in five years; productivity beat views and rose for a fourth consecutive quarter; and total holiday retail sales showed the best gain since 2006.
But the market shrugged and let the bears write the script.
Whether the bears are right or not, you should not argue with the market.
Don't buy stocks until a new uptrend is confirmed. While the market's action Friday was encouraging, so far it is just the start of an attempted rally.
Let no gain turn into a loss, even if it's painful to take a small gain rather than the bigger gain you had several weeks ago. Sell every stock that drops 8% below your buy point, no exceptions.
Among industry groups Friday, techs did well as did gold miners, despite the higher dollar. Auto and truck equipment and parts took the hardest hits.
Thursday, February 4, 2010
Toyota Motor (TM)
wait doji or stabilization at 50 or 200 dma before consider to buy or do call option
Correction Cuts Deeper As Stocks Slide In Fast Trade
The market's correction deepened Thursday as worries spread about the debt-burdened economies of Portugal, Greece and Spain.
Stocks also suffered from a disappointing jobs report, while ignoring better-than-expected news on factory orders and productivity.
The NYSE composite careened 3.6% lower, the S&P 500 3.1%, the Nasdaq 3.0% and the Dow 2.6%
Volume was up across the board.
Commodity-tied stocks — steel, oil, fertilizer, gold miners — took the hardest hits as the dollar rose against the floundering euro.
It was clear from the start, however, that few stocks would have a chance for a day like that.
Before the market's open, index futures were already down on news of European debt problems. Concerns centered on three pieces of the so-called PIIGS group, which includes Portugal, Italy, Ireland, Greece and Spain. While Ireland has already eased worries by cutting government spending, doubts remain about the other PIIGS nations' steps.
With that dark cloud hovering, the U.S. market was in no mood to take on additional worries. But that's exactly what it got. Jobless claims last week were worse than expected.
Fourth-quarter productivity was also reported before the open, topping views. But it couldn't undo the negative tilt. Stocks opened lower in heavy volume and fell further throughout the session.
All four major indexes closed at session lows and undercut the lows made since this correction began. The Nasdaq and NYSE composite are now 8% and 9% off their respective highs.
Leaders struggled Thursday. Recently, some stocks have fallen more than 8% below their ideal buy points. Others appear to be unwinding the gains from breakouts.
Investors who have raised cash — by cutting losses short, or selling before a gain cycles into a loss, or simply to lock in profits — have no reason to redeploy that cash. The market remains in correction and all stock buys should be off the table.
If you are still holding any stocks, be ready to sell if needed. Open no new positions until a follow-through day confirms that a new uptrend is under way.
Stocks also suffered from a disappointing jobs report, while ignoring better-than-expected news on factory orders and productivity.
The NYSE composite careened 3.6% lower, the S&P 500 3.1%, the Nasdaq 3.0% and the Dow 2.6%
Volume was up across the board.
Commodity-tied stocks — steel, oil, fertilizer, gold miners — took the hardest hits as the dollar rose against the floundering euro.
It was clear from the start, however, that few stocks would have a chance for a day like that.
Before the market's open, index futures were already down on news of European debt problems. Concerns centered on three pieces of the so-called PIIGS group, which includes Portugal, Italy, Ireland, Greece and Spain. While Ireland has already eased worries by cutting government spending, doubts remain about the other PIIGS nations' steps.
With that dark cloud hovering, the U.S. market was in no mood to take on additional worries. But that's exactly what it got. Jobless claims last week were worse than expected.
Fourth-quarter productivity was also reported before the open, topping views. But it couldn't undo the negative tilt. Stocks opened lower in heavy volume and fell further throughout the session.
All four major indexes closed at session lows and undercut the lows made since this correction began. The Nasdaq and NYSE composite are now 8% and 9% off their respective highs.
Leaders struggled Thursday. Recently, some stocks have fallen more than 8% below their ideal buy points. Others appear to be unwinding the gains from breakouts.
Investors who have raised cash — by cutting losses short, or selling before a gain cycles into a loss, or simply to lock in profits — have no reason to redeploy that cash. The market remains in correction and all stock buys should be off the table.
If you are still holding any stocks, be ready to sell if needed. Open no new positions until a follow-through day confirms that a new uptrend is under way.
Dow wednesday 3 feb10
the line at the side is needed for index to break above it before reconsider adding positions
NYSE wednesday 3 feb10
the line at the side is needed for index to break above it before reconsider adding positions
Nasday wednesday 3 feb10
the line at the side is needed for index to break above it before reconsider adding positions
S&P500 wednesday 3 feb10
the line at the side is needed for index to break above it before reconsider adding positions
Tuesday, February 2, 2010
Stocks Climb, As Higher Volume Bolsters Advance
Stocks marched higher for the second straight day Tuesday, amid a round of mixed earnings, a dip in the dollar and mostly upbeat housing data.
The S&P 500 climbed 1.3%, closing back above short-term resistance at the 1100 level. The NYSE also picked up 1.3%, while the Dow and Nasdaq gained 1.1% and 0.9%, respectively. They all remained below their 50-day moving averages. It's still too soon to tell if they've bottomed.
Volume rose on both major exchanges. That signaled institutional buying, a rarity in recent weeks. Including Tuesday, the Nasdaq has risen in heavier volume in just four sessions since the start of the year. The NYSE composite fared slightly better, with five such sessions.
Major indexes found their footing shortly after the December pending home sales report. Sales rose 1%, from a 16.4% dive in November.
The December figure was a tad below views, but still pointed to more stabilization in the housing market.
The dollar dipped for a second straight day, again boosting commodities. Oil was up nearly 4% while gold gained about 1%.
The S&P 500 climbed 1.3%, closing back above short-term resistance at the 1100 level. The NYSE also picked up 1.3%, while the Dow and Nasdaq gained 1.1% and 0.9%, respectively. They all remained below their 50-day moving averages. It's still too soon to tell if they've bottomed.
Volume rose on both major exchanges. That signaled institutional buying, a rarity in recent weeks. Including Tuesday, the Nasdaq has risen in heavier volume in just four sessions since the start of the year. The NYSE composite fared slightly better, with five such sessions.
Major indexes found their footing shortly after the December pending home sales report. Sales rose 1%, from a 16.4% dive in November.
The December figure was a tad below views, but still pointed to more stabilization in the housing market.
The dollar dipped for a second straight day, again boosting commodities. Oil was up nearly 4% while gold gained about 1%.
Commodity Stocks Carry Indexes To Soft-Volume Gains
Stocks recouped a bit of their recent losses Monday as the market cheered a manufacturing report.
The NYSE composite led with a 1.8% gain, as metals, energy and other industrial stocks rallied on the better-than-expected factory activity. The S&P 500 surged 1.4%, the Dow 1.2% and the Nasdaq 1.1%.
It was the market's best showing since it started correcting about two weeks ago.
But across the board, volume was about 30% lighter than Friday's total. Given Monday's sharp gains, it was a disheartening amount of trading.
The message was that institutional buying remains lackluster. That has been the predominant pattern in the major indexes the past couple of weeks.
Wall Street opened higher, despite a mixed picture on consumer spending and incomes before the opening bell.
Later, the Institute for Supply Management's January manufacturing index topped forecasts. It was the highest reading since August 2004.
Indexes initially gave up some gains on the news, but bounced back and closed at session highs.
With the market still not showing convincing signs of a bottom, it's smart to remain on the defensive. Remember to sell any stock that falls 7% or 8% from your purchase price. Remember to take profits when prudent.
Most leaders that broke out of bases the past couple of weeks have stalled or come under strong selling.
The NYSE composite led with a 1.8% gain, as metals, energy and other industrial stocks rallied on the better-than-expected factory activity. The S&P 500 surged 1.4%, the Dow 1.2% and the Nasdaq 1.1%.
It was the market's best showing since it started correcting about two weeks ago.
But across the board, volume was about 30% lighter than Friday's total. Given Monday's sharp gains, it was a disheartening amount of trading.
The message was that institutional buying remains lackluster. That has been the predominant pattern in the major indexes the past couple of weeks.
Wall Street opened higher, despite a mixed picture on consumer spending and incomes before the opening bell.
Later, the Institute for Supply Management's January manufacturing index topped forecasts. It was the highest reading since August 2004.
Indexes initially gave up some gains on the news, but bounced back and closed at session highs.
With the market still not showing convincing signs of a bottom, it's smart to remain on the defensive. Remember to sell any stock that falls 7% or 8% from your purchase price. Remember to take profits when prudent.
Most leaders that broke out of bases the past couple of weeks have stalled or come under strong selling.
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