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Market Talk / April 22nd - 28th
- Thread starter Spaf
- Start date
Oldcoin
Member
Just set the new record. Look at what happened last time we set a record on 5-5-06. Market took a dump the next month.
Show-me
Well-known member
Interesting opening comment.
10:00 am : Early gains have been short lived as a market viewed by some as ripe for a pullback succumbs to early profit taking. That's not overly surprising since the Dow has climbed virtually unabated over the last last six months, reaching the 13,000 milestone just 128 trading days after eclipsing 12,000, which was about 15 times faster than the previous 1000-point advance.
Fortunately for the bulls, three of the four sectors trading higher are also among the most influential areas on the S&P 500. Health Care is providing the bulk of early support, but it's 0.2% gain is modest at best. The sector is getting a big lift after Aetna (AET 47.11 2.11) and Bristol-Myers Squibb (BMY 29.81 +0.11) raised their full-year forecasts; but the return of leadership in an area also attractive for its defensive characteristics offers little conviction on the part of buyers and whether or not recent gains will be sustainable over the near term.
DJ30 -15.14 NASDAQ -1.90 SP500 -3.71 NASDAQ Dec/Adv/Vol 1508/1031/284 mln NYSE Dec/Adv/Vol 1427/1317/122 mln
10:00 am : Early gains have been short lived as a market viewed by some as ripe for a pullback succumbs to early profit taking. That's not overly surprising since the Dow has climbed virtually unabated over the last last six months, reaching the 13,000 milestone just 128 trading days after eclipsing 12,000, which was about 15 times faster than the previous 1000-point advance.
Fortunately for the bulls, three of the four sectors trading higher are also among the most influential areas on the S&P 500. Health Care is providing the bulk of early support, but it's 0.2% gain is modest at best. The sector is getting a big lift after Aetna (AET 47.11 2.11) and Bristol-Myers Squibb (BMY 29.81 +0.11) raised their full-year forecasts; but the return of leadership in an area also attractive for its defensive characteristics offers little conviction on the part of buyers and whether or not recent gains will be sustainable over the near term.
DJ30 -15.14 NASDAQ -1.90 SP500 -3.71 NASDAQ Dec/Adv/Vol 1508/1031/284 mln NYSE Dec/Adv/Vol 1427/1317/122 mln
weatherweenie
Well-known member
As I write, the S&P is about to cross the zone. Let's see if this will bring the uncontrollable buying for the afternoon!!!
It's too exciting to watch and keeping me from my work. :nuts:
Way to jinx it Fab :cheesy:
I gotta stop these bipolar emotional swings based on market movement. 
weatherweenie
Well-known member
SEATTLE, April 26 (Reuters) - Microsoft Corp. reported a rise in quarterly profit on Thursday, boosted by revenue booked on discounted license upgrades for its new Windows Vista operating system and Office 2007 software.
Microsoft posted a net profit of $4.93 billion, or 50 cents per diluted share, in its fiscal third quarter ended March 31 versus a profit of $2.98 billion, or 29 cents per share, in the year-ago period. Revenue rose 32 percent to $14.4 billion.
Analysts, on average, had forecast the world's largest software maker to earn 46 cents per share on revenue of $13.89 billion, with sales estimates ranging from $13.73 billion to $14.09 billion, according to Reuters Estimates.
Microsoft deferred about $1.7 billion in revenue from its second quarter to its third quarter to account for upgrade coupons given to customers prior to the January launch of Vista and Office 2007.
Microsoft posted a net profit of $4.93 billion, or 50 cents per diluted share, in its fiscal third quarter ended March 31 versus a profit of $2.98 billion, or 29 cents per share, in the year-ago period. Revenue rose 32 percent to $14.4 billion.
Analysts, on average, had forecast the world's largest software maker to earn 46 cents per share on revenue of $13.89 billion, with sales estimates ranging from $13.73 billion to $14.09 billion, according to Reuters Estimates.
Microsoft deferred about $1.7 billion in revenue from its second quarter to its third quarter to account for upgrade coupons given to customers prior to the January launch of Vista and Office 2007.
Spaf
Honorary Hall of Fame Member
The Kingdom of TSP
Daily Edition
April 26, 2007 Closing
Daily Edition
April 26, 2007 Closing
Yak, Le Charts, Doodles, Tea Leaves, The Tally Can and The Barn Yard
Kingdom Yak:
Pro-Yak....................................SPX remains in a bullish trend.
Con-Yak...................................Pricing for SPX remains high.
Jester-Yak................................We are running low on oxygen!
Doodles:
Stops.......................................Alert (-1%)....Trail (-2%)
.....SPX........1494.25 -1.17.........1480.............1465
Dollar........................................81.76 +0.33 for the day.
Lube (NYMEX) Closed at...............65.06 +1.60 for the day.
Oil Markers.................................<60= ok, 60-65= worry, >65= panic.
Tea Leaves:
Yakndoodles...............................Yellow, or, maybe Green!....
Tally Can
TSP Funds..................................G-fund, F-fund, C-fund, S-fund, I-fund.
Top 10 last 12 mo........................2.8 ......1.0 ......0.6 .....1.2 ......4.4
Today........................................3 made IFT(s), 38% bearish, 62% bullish.
Yesterday...................................3 made IFT(s), 20% bearish, 80% bullish.
The Barn Yard
Location.....................................100% G. [Some what in tune to Rev. Shark....
]
Show-me
Well-known member
http://www.briefing.com/GeneralCont...vestor&ArticleId=NS20070426115646LookingAhead
Quarterly growth of gross domestic product (GDP) is the top dog among the economic releases. GDP is the broadest measure of economic activity as it contains all of the components of domestic production as well as inflation indicators.
The pace of GDP growth decides when the economy is in recession, or in need of Fed policy tightening, and provides the best benchmark for broad economic growth.
There are three broad groupings: domestic demand, net foreign demand and government spending. The market's focus is on domestic demand given its overwhelming majority share and the forward read it provides to Fed policy makers, corporate planners and households.
Briefing.com is looking for weak 1.5% GDP growth in the first quarter. The consensus forecast is a bit stronger at 1.8%.
Quarterly growth of gross domestic product (GDP) is the top dog among the economic releases. GDP is the broadest measure of economic activity as it contains all of the components of domestic production as well as inflation indicators.
The pace of GDP growth decides when the economy is in recession, or in need of Fed policy tightening, and provides the best benchmark for broad economic growth.
There are three broad groupings: domestic demand, net foreign demand and government spending. The market's focus is on domestic demand given its overwhelming majority share and the forward read it provides to Fed policy makers, corporate planners and households.
Briefing.com is looking for weak 1.5% GDP growth in the first quarter. The consensus forecast is a bit stronger at 1.8%.
Birchtree
Well-known member
Ferdinand is looking for a surprise of at least 2.5% on the GDP which I believe is only a preliminary report suject to two more revisions going forward. I like the way we are impulsing with a refresh and then another impulse higher - tomorrow could be dare I say it - meltup time.
Birchtree
Well-known member
And that doesn't make your toes tingle sitting on the Lilly Pad? You don't suppose it's recognition time? Two very important factors make up a 3 of 3 structure - the first is that you will see the greatest plurality of volume and breadth A/D line data leading up to the center point. The second thing is 3rd waves are 3rd waves because the majority recognizes the prevailing trend of the price pattern and it is undeniable. We've been impulsing higher which are vigorous moves in the direction of trend with brief pauses of the pattern for consolidation. There is nothing showing any kind of weakness that would promote a price top of intermediate degree. The green light is on - gesus jump. Snort.
Dennis - permabull #1
Dennis - permabull #1
Show-me
Well-known member
I should add "Stagflation" was the first word out of Rick's mouth on CNBC. Now they are saying that the gov. did not spend enough of your money and that caused the lower GDP. Blah blah blah. The spinning has begun.:nuts:
Another thing....CNBC did a live feed from the bond floor and you could hear the collective "AWW" from the traders. That's not good.
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