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Forecast Model Upgrades U.S. Stock Market To Caution From Negative |
Snippets: STOCK MARKET NEWS: MARKET DRIVE
Stocks Slip Into Negative Territory Ahead Of GDP
Look for a neutral-to-positive open for Thursday. Earnings/ outlook in focus for the start as well as jobless initial claims. Thursday, July 29, 2010, 9:05 A.M. Eastern- updated 4:00 pm Eastern
> New claims chart shows tight unemployment range.
Stocks Move Lower On Disappointing Data
Look for a neutral-to-negative open. Durable Goods report and earnings/ outlook in focus for the start as well as BP. Markets are very much news driven, as Durable Goods report and the Beige Book saw stocks sink Wednesday. Wednesdays, July 28, 2010, 9:14 A.M. Eastern- updated 4:50 pm Eastern
• Forecast upgrade to caution • Rally continues on less fear • Jobless new claims jump • GDP revised lower • Unemployment rate rose to 9.9 percent • Economy adds 290,000 jobs
Mixed Results Tuesday End Three Day Positive Streak
Look for a neutral-to-positive open. Earnings/ outlook in focus for the start as well as BP and the Gulf cleanup effort. The afternoon model has upgraded the forecast to caution from negative. Barometer models continue to show that foundation-building is underway in the U.S. stock market. The big question is, does that quash the fear factor of the stock market dropping further- no. Caution forecast means just that, caution. Shares of corporations rest and consolidate after last weeks run-up. Major indexes post mixed results Tuesday. Tuesday, July 27, 2010, 9:05 A.M. Eastern- updated 5:57 pm Eastern
Rally Continues Monday With A Modest Gain
Look for a neutral flat open for Monday. Earnings/ outlook in focus for the start as well as BP. Stocks ramp up adding to the rally started nearly two weeks ago. Monday, July 26, 2010, 8:58 A.M. Eastern- updated 4:56 pm Eastern
Rally Continues- Less Fear Rules- Bias Upgraded
Look for a neutral flat open. Could turn negative. Earnings/ outlook in focus for the start as well as the Gulf oil disaster and the storm (Bonnie) likely to enter the Gulf today or this weekend. Stocks continue to rally as the afternoon model run upgrades the Bias to positive, leading the way for the Forecast to upgrade to caution. Friday, July 23, 2010, 9:09 A.M. Eastern- updated 4:53 pm Eastern
• Rally continues on less fear • Jobless new claims jump • GDP revised lower • Unemployment rate rose to 9.9 percent • Economy adds 290,000 jobs
Rally On Data And Earnings- Barometer Leading Indicator Gets An Upgrade
Look for a positive open Thursday. Earnings/ outlook in focus for the start as well as initial jobless claims. Afternoon model run is changing the BLI to positive. The BLI is an indicator that detects market swings. This swing to positive indicates a chance that a stock market foundation is being established. The way you can tell if this is really occurring, is to watch for the Bias to be upgraded. Thursday, July 22, 2010, 8:56 A.M. Eastern- updated 4:54 pm Eastern
> Models continue to see improvement even with yesterdays sell off.
> Unemployment new claims jump 37,000- chart.
Stocks Fall On Fear That Economic Recovery Is Faltering
Look for a neutral-to-positive open Wednesday. Earnings/ outlook in focus for the start as well as the Gulf oil cleanup. Morning model run changed the Forecast Bias to neutral. Even though the stock market was flat this morning, Market Barometer model data shows a slight improvement in trader sentiment, which could translate into building a foundation (S&P 500) at the current level. Wednesday, July 21, 2010, 9:05 A.M. Eastern- updated 4:47 pm Eastern
Stocks Come Alive In Afternoon Trade Surging Into Positive Territory
Look for a negative open. Earnings/ outlook and housing data in focus for the start as well as specifics of IBM's and Goldman's report. Street awaits Apple and Yahoo earnings, could send stocks higher Wednesday. Major indexes post 3/4 to 1 percent gain with traders anticipating a rally Wednesday off Apple earnings. Tuesday, July 20, 2010, 9:12 A.M. Eastern- updated 4:45 pm Eastern
Bulls Find Traction After Fridays Big Loss
Look for a neutral-to-positive open Monday. Earnings/ outlook in focus for the start as well as the oil disaster in the Gulf. Bulls send shares higher Monday, 1/2 to nearly 1 percent, ahead of IBM's disappointing earnings/ outlook. Reports of an oil leak (near the capped well head) in the Gulf set a nasty tone for traders Monday. Monday, July 19, 2010, 8:56 A.M. Eastern- updated 4:43 pm Eastern
Big Disappointment On Earnings And Economical Data Sent Stocks Lower Friday
Look for a neutral-to-negative open Friday. Earnings/ outlook in focus for the start as well as consumer prices and the capped oil leak in the Gulf. Friday, July 16, 2010, 9:12 A.M. Eastern- updated 3:26 pm Eastern
Stocks End Flat And Mixed, Well Off The Low Of The Session
Look for a neutral flat open; could turn mixed to positive. Earnings/ outlook in focus for the start as well as the BP oil mess in the Gulf. U.S. stock market ends flat, well off the low of the day, as news that BP may have stopped the oil leak in the Gulf and that Goldman too settle with the Government over its role in the financial disaster. Thursday, July 15, 2010, 9:06 A.M. Eastern- updated 4:45 pm Eastern
> Reports say that Goldman has settled with the SEC.
> BP has stopped the Gulf oil leak.
> Manufacturing prices drop in June.
> Initial jobless [unemployment] claims drop 29,000- chart.
Traders Run Tech Higher While Broader Market Consolidates
Look for a neutral-to-positive open for Wednesday. Earnings/ outlook in focus for the start as well as retail sales data. Wednesday, July 14, 2010, 8:55 A.M. Eastern- updated 3:26 pm Eastern
Rally Extended To Six Sessions- Looks Like The Bulls Are Making A Comeback
Look for a positive open for Tuesday. Earnings/ outlook in focus for the start as well as the BP oil cleanup. The Barometer afternoon model run is changing the BLI to neutral. A neutral BLI indicates a possible turnaround of the U.S. stock market from months of selling. Intel (INTC) earnings outlook beat estimates and could inspire trading Wednesday, as Alcoa (AA) did today. Intel and Cisco Systems (CSCO), in past years, have inspired marketeers to ramp stock higher. Can they do it again? Tuesday, July 13, 2010, 9:01 A.M. Eastern- updated 5:53 pm Eastern
Stocks End Flat Ahead Of Alcoa And The Start Of Earnings Season
Look for a neutral-to-negative open Monday. Earnings/ outlook in focus for the start as well as the Gulf oil spill. Stocks end a fifth straight session higher continuing last weeks rally. Earnings season is underway, Monday, with Alcoa (AA) reporting favorably; shares are over 3-percnet higher in the after hours. Monday, July 12, 2010, 8:49 A.M. Eastern- updated 5:58 pm Eastern
Four In A Row To End Short Week- Can Momentum Carry Over To Next Week
Look for a neutral-to-negative open Friday. The economy and earnings/ outlook in focus for the start. Stocks roar ahead for a fourth day, as momentum appears to be gathering steam, heading into earnings next week. Friday, July 9, 2010, 9:01 A.M. Eastern- updated 4:46 pm Eastern
Three Day Rally Intact On Less Economic Worries
Look for a positive open for Thursday. Jobless new claims and earnings/ outlook in focus for the start as well as the oil spill in the Gulf. A very oversold U.S. stock market spawned a three-day rally, as traders feel less worry about the economic recovery and throw a veil around the other threats. Can stocks go higher from here- possibly. Can stocks go lower from here- yes. The forecast stands at negative until further evidence/ data to the contrary. Thursday, July 8, 2010, 9:11 A.M. Eastern- updated 5:50 pm Eastern
> Unemployment initial claims drop 21,000 last week- chart.
Rally Holds Together Wednesday Posting At The High
Look for a neutral-to-mixed open for Wednesday. Stocks made up for yesterdays fizzled rally with the major indexes ramping up to close at the high of the session. One or two day rally doesn't change the underlining facts that traders have been trading on for months. More positive sessions (earning on deck- could help) with momentum is needed before the forecast can change. Wednesday, July 7, 2010, 9:08 A.M. Eastern- updated 4:52 pm Eastern
Rally dies leaving market with marginal gain
Look for a positive open Tuesday. Relief rally and the start of earnings/ outlook in focus for the start. Hopes were high for a relief rally Tuesday but, as it happens, traders took the opportunity to reduce exposure. A positive stock market is hard to come by, as today's gain is the first since --nearly-- mid June, when, on June 18th, stocks put in a good day, but from that point on, with an exception of two mixed sessions, its been all negative. Tuesday, July 6, 2010, 8:58 A.M. Eastern- updated 5:54 pm Eastern
Last Minute Selling Take Stocks Down Ahead Of Long Holiday Weekend
Look for a neutral-to-positive open Friday. Jobs payroll unemployment report in focus for the start. Friday, July 2, 2010, 9:10 A.M. Eastern- updated 4:03 pm Eastern
> U.S. markets closed to observe holiday.
> U.S. economy lost 125,000 jobs in June.
> Unemployment rate drops to 9-1/2 percent.
Stock Market Negative Ness Trips Forecast Downgrade To Negative
Look for a neutral-to-negative open Thursday. Jobless initial claims and payroll unemployment report in focus for the start. Barometer forecast model downgraded the forecast to negative this afternoon. Data from the models suggest more losses to stocks can be expected over the summer months, with some rallies in an otherwise oversold market. Thursday, July 1, 2010, 9:06 A.M. Eastern- updated 4:56 pm Eastern
> Jobless new claims jump to 472,000 last week- chart.
Fear Takes A Positive Session To Another Big Loss
Look for a neutral-to-negative open for Wednesday. Jobs payroll ADP report and earnings/ outlook in focus for the start. The afternoon Barometer model changed the BLI back to negative. Traders are unable, or unwilling, to stay positive Wednesday, sacked the market at the close Wednesday, with the Dow and S&P 500 losing 1 percent, while the NASDAQ lost 1.2 percent. Wednesday, June 30, 2010, 8:54 A.M. Eastern- updated 9:49 pm Eastern
Global Markets Sell Off On Economic Slowdown
Look for a negative open Tuesday. Global sell off on more debt worries and China slowdown has U.S. stocks ready to sell off Tuesday. The afternoon model run changed the Bias to negative. This change comes prior to a possible forecast change to negative, which could indicate more room on the downside to go. Tuesday, June 29, 2010, 9:04 A.M. Eastern- updated 3:39 pm Eastern
U.S. equity market comes up short Monday
Look for a neutral flat open, could turn mixed Monday. New week, same old game; stocks end short of the unchanged line as the market awaits the payroll report later in the week. Monday, June 28, 2010, 8:56 A.M. Eastern- updated 5:50 pm Eastern
U.S. Stocks Manage To End With Some Gains
Look for a neutral-to-positive open Friday. GDP and earnings/ outlook in focus for the start. Friday, June 25, 2010, 8:56 A.M. Eastern- updated 4:09 pm Eastern
> First quarter GDP revised lower.
Fear Grabs Traders Again Sending The Stock Market Lower
Look for a neutral-to-negative open Thursday. Jobless initial claims, Durable Goods report, and earnings/ outlook in focus for the start. Once again fear takes stocks lower as traders continue to sell down positions. Thursday, June 24, 2010, 8:58 A.M. Eastern- updated 4:51 pm Eastern
> Jobless new claims drop 19,000- chart.
Fed Kept Rates Steady- Stocks Post Mixed Results
Look for a neutral-to-positive open Wednesday. Fed FOMC meeting, Gulf oil spill, and earnings/ outlook in focus for the start. Wednesday, June 23, 2010, 8:56 A.M. Eastern- updated 4:30 pm Eastern
Another Up Day Fizzles As Traders Fear Continues
Look for a Neutral-to-positive open Tuesday. Fed FOMC meeting, General McChrystal on hot seat over comments and the BP oil spill as well as earnings/ outlook in focus for the start. Tuesday, June 22, 2010, 8:59 A.M. Eastern- updated 4:46 pm Eastern
Rally Fizzles- Traders Not Impressed With China Policy
Look for a positive open for Monday. Oil spill in the Gulf and China monetary policy as well as global stock markets boost sentiment with earnings/ outlook in focus for the start. China's Yuan monetary policy change got the global markets in rally mode, in the U.S. too, but enthusiasm faded, sending the stock market to a loss. Monday, June 21, 2010, 9:04 A.M. Eastern- updated 4:48 pm Eastern
Flat But Positive Session Sees A Bias Upgrade
Look for a neutral-to-negative flat open for Friday. Gulf oil spill and earnings/ outlook in focus for the start. Afternoon model run has changed the Bias to neutral from negative. Friday, June 18, 2010, 9:01 A.M. Eastern- updated 4:01 pm Eastern
Stocks End With A Slight Gain As BP CEO Gets Grilled
Look for a neutral-to-positive open Thursday. BP oil spill and the EU still the focus, as well as, consumer inflation report and jobless initial claims. Stocks were mired in negative territory Thursday, but managed to spike higher to close, with a small gain. Tony Hayward, BP Group Chief Executive, was grilled by congress today on the basic questions of what went wrong and who's to blame. Model data today, once again, was prepped to upgrade the Bias but fell short slightly as Fridays market could see the upgrade. Thursday, June 17, 2010, 8:49 A.M. Eastern- updated 5:42 pm Eastern
> CPI declined in May helped by declining energy prices.
> New unemployment claims jump- chart.
Stocks Post Mixed- Not A Bad Day Considering
Look for a negative open Wednesday. More bad news will take stocks down today. The big question is, can we end well off the low of the session. Today will be a good gauge of how the stock market future will play out. Rumors and bad news from the EU and sour economic data didn't derail the rally. Stocks posted up mixed Wednesday as traders had enough excuses to sell off. Barometer model suggest we are coming out of the correction. Wednesday, June 16, 2010, 8:55 A.M. Eastern- updated 4:43 pm Eastern
> Manufacturing prices decline in May- Consumer data tomorrow.
> Home construction and permits fell in May.
Rally Holds Together; BLI Gets Upgraded To Neutral
Look for a neutral-to-positive open Tuesday. Greece downgrade and BP oil spill in focus for the start as well as earnings. Afternoon model run is changing the BLI to neutral from negative. A neutral BLI (Barometer Leading Indicator) indicates a moderate probability that this turnaround, started last Thursday, is for real. Additional neutral to positive sessions are expected which could also change the Bias to neutral. A neutral Bias change, if and win it happens, would indicate a more positive environment for stocks and would be one step closer to upgrading the Forecast back to positive. Tuesday, June 15, 2010, 8:50 A.M. Eastern- updated 5:50 pm Eastern
Greece Downgrade Kills The Rally Possibly The Momentum
Look for a positive open Monday. Oil spill and the economy in focus for the start as well as earnings outlook. Rally dies after news that Moody's downgrades Greece as buyers are sidelined on the news. Model data showed a good chance of an upgrade (Bias or BLI) prior to the news. It will be important for buyers to come back into the market Tuesday and bid shares higher if this 'hoped for' turnaround is to continue. Monday, June 14, 2010, 8:49 A.M. Eastern- updated 4:57 pm Eastern
Traders Boost Stocks Higher Led By Tech
Look for a negative open for Friday. Retail sales data and the BP oil spill in focus for the start. Friday, June 11, 2010, 8:49 A.M. Eastern- updated 3:49 pm Eastern
Big Win For Bulls Thursday- Look For Repeat?
Look for a positive open. Jobless initial claims data and the BP oil leak in focus for the start. Big win for the stock market bulls, but one day aint a trend. Barrowing a phrase from Basketball, we need a three peat to get this Bull market back on track. Market Barometer model shows a chance that today's rally is for real and that it could continue. It will be very important that this doesn't get derailed back to more selling. Friday could be a critical session for the Bulls. Thursday, June 10, 2010, 8:59 A.M. Eastern- updated 4:52 pm Eastern
> Unemployment new claims continue to slowly decline- chart.
Bears win again as fear continues to control markets
Look for a neutral-to-positive open Wednesday. BP oil spill in focus for the start. Fed Chief Bernanke to testify on the Hill today. All the good news from Bernanke and the economy doesn't do it for traders, as EU fear still trump. Wednesday, June 9, 2010, 8:53 A.M. Eastern- updated 4:54 pm Eastern
Dollar Sinks Sending Stocks Higher In Late Session Tuesday
Look for a neutral-to-positive open Tuesday. The economic recovery- jobs and the Gulf oil spill is in focus for the start. U.S. stock market struggles with the Dollar Tuesday, surging higher late in the session as the Dollar sinks. Tuesday, June 8, 2010, 8:49 A.M. Eastern- updated 3:44 pm Eastern
Traders Continue To Scale Back Positions Sending Stocks Lower
Look for a neutral-to-positive open for Monday. Continuing to scale back in favor of the Dollar, traders add to already hefty losses with an addition 1 to 2 percent Monday. Monday, June 7, 2010, 8:49 A.M. Eastern- updated 4:52 pm Eastern
Stocks Get Slammed On Concerns Over Economic Recovery- Here And Abroad
Look for a negative open Friday. nonfarm payroll and unemployment report is in focus for the start. Friday, June 4, 2010, 8:51 A.M. Eastern- updated 4:36 pm Eastern
> nonfarm jobs well below estimates, Futures indicate sell off.
> Unemployment rate drops to 9.7 percent.
Tech Leads The Broader Market Higher Anticipating Blowout Jobs Report
Look for a neutral-to-positive open Thursday. ADP report and jobless new claims data in focus for the start as well as the Gulf oil spill. After a short visit to negative territory midday, tech stocks ramp up in afternoon trade, taking the rest of the market to a positive end. Thursday, June 3, 2010, 8:59 A.M. Eastern- updated 4:35 pm Eastern
> Initial unemployment claims drops 10,000 last week- chart
Buyers Bid Share Prices Up Ramping The Market Higher
Look for a neutral-to-positive open for Wednesday. Global tension, Europe worries, and the Gulf oil crises is in focus for the start. Energy stocks get the big thumbs up by traders and investors Wednesday as share prices roared ahead helping the stock market rally while short covering, further boosting prices. Wednesday, June 2, 2010, 8:57 A.M. Eastern- updated 4:43 pm Eastern
Stocks Try For Unchanged But Fell Short On This Shortened Week
Look for a negative open Tuesday. Oil spill crises and the EU problems in focus for the start. Political tensions overseas, the Gulf oil spill, and continuing Euro-Dollar action had stocks choppy all day with a sell-off in the last half-hour. Tuesday, June 1, 2010, 8:49 A.M. Eastern- updated 4:01 pm Eastern
May Stock Performance Set Sour Outlook For Summer Months
Look for a neutral-to-mixed open Friday. Income and Outlays data and the EU debt crises in focus for the start. May is history with wide losses as traders and investors look out several months of more of the same. Dollar-Euro trade extend the selling in stocks with the major indexes showing better than one percent loss on the session; Spain downgrade indicated as reason. Friday, May 28, 2010, 9:04 A.M. Eastern- updated 4:52 pm Eastern- CORRECTED 4:41p
> U.S. markets closed Monday for Memorial Day holiday.
Dollar Falls On China Sends Stocks To Rally
Look for a positive open Thursday. GDP and initial claims data in focus for the start as well as the EU troubles. U.S. stocks rally Thursday on the back of the Dollar inverse trade with the Euro as the China Administration (SAFE) said selling of Euro bonds was "groundless". Stocks have been tied to the Dollar and today's action with the Dollar and Short covering sent the major indexes higher by 3 percent in the broader market. Thursday, May 27, 2010, 9:00 A.M. Eastern- updated 5:38 pm Eastern
> GDP for Q-1 revised lower- chart.
> Initial jobless claims drops 14,000 to 460,000- chart.
Stocks Tumble To The Close After Positive Session
Look for a positive open for Wednesday. Global markets and Durable Goods report in focus for the start. Dollar-Euro trade sink stocks Wednesday as continue fear of EU debt problems send Dollar index higher. Wednesday, May 26, 2010, 8:56 A.M. Eastern- updated 4.57 pm Eastern
Stocks Steadily Advance Off The Low To Close Mixed
Look for a negative open Tuesday. Europe debt worries and Korean tension in focus for the start as well as global markets sell off on EU troubles. Stocks down over 2 percent at the start of trading, steadily have trended higher, trying to close near the unchanged line. Tuesday, May 25, 2010, 8:49 A.M. Eastern- updated 4:35 pm Eastern
EU continues to torment U.S. stocks sending the averages to the low of the session
Look for a neutral-to-negative open Monday. More EU debit worries and earnings/ outlook in focus for the start. Europe debt concerns continue to torment stocks worldwide as Mondays hee-haw action accelerated near the close as selling picked up. Monday, May 24, 2010, 8:58 A.M. Eastern- updated 4:40 pm Eastern
Stocks Rally Back To Gain Some Of Weeks Loss
Look for a negative open Friday. EU worries global concerns in focus for the start. An overdone sell this week set traders and some investors to bid stocks up Friday sending the indices up, recovering a small portion of this weeks loss. Friday, May 21, 2010, 8:51 A.M. Eastern- updated 10:29p Eastern
Fear Took Stocks Lower For Third Straight Session
Look for a negative open Thursday. EU and global economic recovery worries has traders on edge this morning- oil and gold down as traders build cash and Treasury's. Fear nearly zaps everything of value Thursday, as traders and investors continue to build cash position. Nearly everything moves lower Thursday- the Dollar- Gold- oil- stocks- Nat gas. Stocks are hammered Thursday sending the major averages lower by nearly 4-percent. Thursday, May 20, 2010, 8:53 A.M. Eastern- updated 5:42p Eastern
Lots Of Worry For Traders Sends Stocks Down Again
Look for a neutral-to-negative open Wednesday. Consumer Price data and earnings/ outlook in focus for the start, as well as the continuing global economic recovery concerns of traders. PPI and CPI data show there's not really a concern for inflation and today's FOMC minutes release of the last Fed meeting shows a recover underway with no interest rate hike anytime soon. Wednesday, May 19, 2010, 8:49 A.M. Eastern- updated 4:41p Eastern
Buyers Step Aside, Stocks Slide On Recovery Worries
Look for a neutral-to-positive open for Tuesday. PPI, housing data and earnings/ outlook in focus for the start. One track mind for traders, as recovery concerns mount and no one wants to bid stocks up- it's easer to sell than buy- no buy side catalyst. Tuesday, May 18, 2010, 8:52 A.M. Eastern- updated 4:35p Eastern
Comeback Monday- stocks return to unchanged
Look for a neutral flat open Monday. Could turn negative. Earnings/ outlook in focus for the start. Last Monday is was a major rally, this Monday, a sell off, and recovery to near the unchanged line. Stocks trade inverse to the Dollar as noontime was the turning point for both, sending equities to rally to the unchanged line. Monday, May 17, 2010, 8:49 A.M. Eastern- updated 4:37p Eastern
Dollar Up, Stocks Down On EU Worries
Look for a negative open Friday. Retail sales and earnings/ outlook in focus for the start as well as the U.S. Dollar. Traders continue to worry over credit problems, especially those of the EU. Stocks fell as the Dollar rose against the Euro Friday. Friday, May 14, 2010, 8:49 A.M. Eastern- updated 10:30p Eastern
Stocks Take Back Most Of Yesterdays Gain After Failed Test
Look for a neutral-to-negative open Thursday. Jobless initial claims and earnings/ outlook in focus for the start. S&P 500 fails resistance test at 1173, fall accelerates towards the close. Reports that Cisco exec sees economic recovery concern and a sour jobless new claims report took its toll on traders. Unable to push the S&P 500 past resistance levels, sent stocks down taking back earlier gains. Thursday, May 13, 2010, 8:59 A.M. Eastern- updated 9:31p Eastern
Stocks Stair Step Higher Testing Resistance
Look for a neutral-to-positive open Wednesday. Earnings/ outlook in focus for the start. U.S. stocks head higher Wednesday to test resistance levels 1170-1174 with Thursdays market to try and push through, helped by Cisco Systems earnings outlook- csco down in the after market. Wednesday, May 12, 2010, 8:54 A.M. Eastern- updated 5:42p Eastern
Stocks Go Flat Give-Up Gain; Forecast Downgraded To Caution
Look for a neutral to negative open Tuesday. Market set to give back some of Monday's gain as traders eye China as next worry. Earnings/ outlook winding down as most companies have posted results. The afternoon model-run has downgraded the forecast to caution. Traders still having concerns over the EU bailout package, selling into the rally Tuesdays, sending the market to a flat end. Tuesday, May 11, 2010, 8:49 A.M. Eastern- updated 4:29p Eastern
Stocks Rebound Posting Near Session High On EU Rescue Package
Look for a rally to open Mondays market. Greece bailout over the weekend has futures way up for the open. Also earnings/ outlook is also in focus for the start. Rally Monday recovering some of the loss of last weeks massive selling, but traders watch the close for signs of weakness. Barometer model data show uncertainty in traders-rally Monday as a lot of the gain could be contributed by Shorts covering and more days of positive ness would be needed before the Bias and BLI can be upgraded. Monday, May 10, 2010, 8:49 A.M. Eastern- updated 4:53p Eastern
Traders Not Done Selling Yet- Bias Downgraded To Negative
Look for a neutral flat open Friday, could turn negative at the start. Payroll jobs report and yesterdays massive sell off as well as earnings/ outlook in focus for the start. The Market Barometer afternoon model run has changed the Bias to negative. Traders are not finished with the sell side of the market as stocks continue to move lower. A very good payroll jobs report had zero effect over markets as Greece contagion on traders crosshairs. Friday, May 7, 2010, 9:07 A.M. Eastern- updated 4:37p Eastern
> Futures rise on payroll jobs report for April and revisions.
Probable Faulty Trade Cause Massive Sell Off
Look for a neutral-to-negative open Thursday. Jobless new claims and productivity data as well as earnings/ outlook in focus for the start. Afternoon model has downgraded the BLI to negative, suggesting a direction turn in the stock market. This means sufficient negative ness is in place for a probable major turn lower for the S&P 500 indexes. Reports circulating that the Dow's nearly 1,000 point drop was a faulty trade. Stocks were clearly on the way down when the selling steepened to frightening levels. Reports are that the faulty trade was a P&G (PG) stock or futures trade caused by a brokerage or bank. Thursday, May 6, 2010, 8:49 A.M. Eastern- updated 9:55p Eastern
> Q-1 productivity slows set negative tone for start.
> Unemployment new claims drop for third week- chart.
Another Bad Stock Day As The Bias Is Lowered To Neutral
Look for a negative open Wednesday. Earnings/ outlook in focus for the start as well as ADP data. Afternoon Barometer model run changed the Bias to neutral. A neutral Bias indicates a degree of uncertainty with the forecast. U.S. stocks continue yesterdays sell off with an additional 1/2 to 1 percent loss. The major averages were able to end off the lows of the session, but negative ness still ruled the day. So where does the stock market go from current levels, you might ask. Model data suggests the bull market continues, a bullish position that has an exception. Wednesday, May 5, 2010, 8:53 A.M. Eastern- updated 5:52p Eastern
Volatility Is Back As Worried Traders Take Back Yesterdays Gain
Look for a negative open Tuesday. Spain and Portugal debt worries on the increase and China factory slowdown in focus for the start as well as earnings. Traders concerns over Europe debt issues and how that might play out past Greece troubles, specifically who is next and the effect on the EU had traders bouncing around equities and the Dollar, as equities lost out, sending the major indexes lower. Model data continues to degrade as uncertainty over Greece, the EU, China's slowdown, and U.S. stocks (possibly being pricey) has traders and investors skittish. Tuesday, May 4, 2010, 8:51 A.M. Eastern- updated 4:52p Eastern
Greece Gets Bailed Out, Stocks Rally Maintaining Near Session High
Look for a neutral-to-positive open Monday. Greece and M&A and earnings/ outlook in focus for the start. Greece and Europe's debt problems come and go and over the weekend a bailout was signaled helping traders to send stocks up. UAL Continental merger helped traders move towards the buy side but Gulf oil spill BP problems dampen sentiment slightly. Monday, May 3, 2010, 8:45 A.M. Eastern- updated 5:55p Eastern
Market Down On Greece And Goldman Worries
Look for a neutral flat open for Fridays. GDP and earnings/ outlook in focus for the start. GDP data sends futures lower. Greece and Goldman set the tone Friday as stocks retreat to the lows of the session. Could be an important upcoming week as Barometer data is degrading, indicating possible changes. Friday, April 30, 2010, 8:22 A.M. Eastern- updated 4:30p Eastern
Stocks Continue To Recover Tuesdays Loss With Broad Based Rally
Look for a neutral-to-positive open for Thursday. Earnings/ outlook in focus for the start as well as initial jobless claims. Thursday, April 29, 2010, 9:10 A.M. Eastern- updated 11:35P Eastern
Europe Debt Concerns Doesn't Keep U.S. Stocks From Rising
Look for a neutral-to-positive open. Earnings/ outlook in focus for the start. Wednesday, April 28, 2010, 9:10 A.M. Eastern- updated 4/29/2010, 12:26a Eastern
Broader Market Drops Over Two Percent On Data And Goldman Senate Hearing
Look for a neutral-to-negative open Tuesday. Earnings/ outlook in focus for the start. Tuesday, April 27, 2010, 9:01 A.M. Eastern- updated 4/28/2010, 12:36a Eastern
Tech Market Falls While The Broader Market Ends Slightly Lower
Look for a neutral flat open Monday. Earnings/ outlook in focus for the start. Choppy session with a slight sell off towards the close. Monday, April 26, 2010, 9:17 A.M. Eastern- updated 4/27/2010, 1:58a Eastern
Economic Recovery And Earnings Turn Stocks Higher
Look for a neutral flat open Friday. Durable Goods report and earnings/ outlook in focus for the start. Regardless of some troubles, traders continue to advance stocks. Friday, April 23, 2010, 10:17 A.M. Eastern- updated 4/24/2010, 10:21a Eastern Next >>> more daily stock market reports (Archives). Archives can be slow loading...
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