Technology | FavStocks

Dow Dives on Worse Than Expected Data

19 August 2011 – 3:30 am PST

Comments Off

The Dow continued its bear trend today on an avalanche of 419 points on the back of disappointing economic data. Fundamentals My prediction of worse than expected leading indicators and jobless claims fuelling a new leg down came true today as both jobless claims and Philley Fed surprised to downside. Jobless Claims rose from last [...]

Dead Cat Bounce Ends

19 August 2011 – 3:30 am PST

Comments Off

The Dow moved sideways today, closing marginally higher by only 4 points as the reality of worsening economic data begin to set in. Fundamentals Early strength in the market gave way quickly to an all out short term profit taking as investors sell out of equities and returned to the safety of bonds, depressing bond [...]

Dead Cat Bounce Ending?

17 August 2011 – 3:30 am PST

Comments Off

The Dow pulled back 76 points on disappointing sales data today, ending the 3-day rally. Fundamentals Sales data today turned in worse than expected, leading to a negative opening in the US market. The negative opening was also reinforced by global markets taking a hit on European debt issues before US market opening. Investors also [...]

Dead Cat Bounce Continues…

17 August 2011 – 3:30 am PST

Comments Off

The Dow gained 213 points today despite a far worse than expected Empire State Index. Fundamentals US market opened up strongly and continued powering upwards all the way to its close along with a wave of optimism that swept over global markets before US market opening. In fact, the far worse than expected Empire State [...]

Dead Cat Bounce Starts?

15 August 2011 – 3:30 am PST

Comments Off

The Dow rallied 125 points last Friday, ending the week down by a net total of 175 points with a price range of 830 points! Indeed, last week was a volatile week never before seen in the history of the Dow. Last Friday’s “rally” was of a more technical nature than anything fundamental. Nothing in [...]

12000 or 10000 Points Ahead?

12 August 2011 – 4:45 am PST

Comments Off

The Dow rallied 423 points today as it continue its extremely volatile short term sideways movement of 400+ points per day up and down. Fundamentals Investors jumped on the better than expected Jobless Claims today as it reinforces last Friday’s better than expected Jobs Report, creating a picture of recovering jobs market. Yes, a better [...]

Dead Cat Bounce?

10 August 2011 – 4:00 am PST

Comments Off

The Dow rallied 429 points today on the Fed’s promise to keep interest rates at the present low level all the way to 2013. Fundamentals Investors were expecting the Fed to do something more than this and was actually slightly disappointed by the release at 2:15pm, leading to significant selloff. However, the reality of the [...]

US Debt Downgrade… US Market In Uncharted Territory

8 August 2011 – 3:30 am PST

Comments Off

The Dow halted its landslide last Friday with a 60 points rally on the much better than expected Jobs Report. Indeed, the jobs market seems to have improved more than analysts have expected and a better jobs market is the prerequisite to any economic recovery. However, just when the market is ready to price in [...]

Dow Turns Negative For 2011

5 August 2011 – 3:34 am PST

Comments Off

The Dow took a crippling blow in the jaw today, closing down by a huge 512 points today even though Jobless Claims was better than expected. FundamentalsIf Tuesday was a slaughter, today’s definitely a massacre in the US market. Market opened down and went downwards decisively even though Jobless Claims was slightly better than expected. [...]

8 Straight Down Days… What Does It Mean?

3 August 2011 – 12:10 am PST

Comments Off

It was a blood bath in the market today as the Dow collasped into its 8th straight down day, closing down by 265 points. FundamentalsIt was a slaughter today in stock markets around the world following Monday’s dismal US ISM Index. The recent economic data seems to suggest that the economic engine that was driving [...]