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S&P 500 chart shows test continuing with hope seen for new leg-up

 
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Economy lost  20,000 jobs.

Unemployment Rate 5 percent.

GDP grows at  0.6  percent.

GDP chart 1987 to 2007.

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MARKET FORECAST

 

 

 

Summer edition 2008

Frank's Corner
Market-Barometer Summary

 

Monday, May 5

Tuesday, May 6

Wednesday, May 7

Thursday, May 8

Friday, May 9

Weekend, May  3 - 4

Today's Hot Topic:

>GDP grew 0.6 percent in the 1st-quarter 2008.

>Jobless claims (unemployment) decreased by 18,000 from the previous week.

>Unemployment rate: 5 percent in March.

>Corporate America lost 20,000 jobs in April.

>The Federal Reserve FOMC lowers the target for the Fed funds rate to 2-percent.

>Consumer prices increased 0.3 percent in March- core price higher by 0.2 percent.

>Manufacturing prices increased by 1.1 percent in March. Core prices advanced 0.2 percent.

>U.S. productivity growth for the 1st. quarter was 2.2 percent in the nonfarm business sector.

 

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Snippets: STOCK MARKET NEWS:  Latest news that affects the Barometer's forecast. | MARKET DRIVER: Market action-

 

Investors back on the sidelines, stocks lower on AIG news: Look for a neutral-to-negative open.   AIG and earnings/ outlook in focus for the start.  Investors give up,  move away from bidding stocks up on oil prices and AIG news.  With bad news setting the tone and nothing to help buyers, stocks move lower with the DJIA off by 0.9 percent,  the S&P 500 went lower by 0.7 percent,  and the NASDAQ off by 0.2 percent... more...   Friday, May 9, 2008,  9:20  A.M. Eastern- updated 6:02 pm ET

 

Thursdays stock market: Look for a neutral-to-positive open.   Earnings/ outlook in focus for the start as well as economical data.  Stocks eked out a save Thursday with the DJIA closing up by 0.4 percent,  the S&P 500 up 0.3 percent,  and the NASDAQ higher by 1/2 percent.   Thursday, May 8, 2008,  9:18  A.M. Eastern- updated 9:29 pm ET

>  S&P chart shows upbeat market forecast for May and beyond.

>  Stock higher after Wednesdays sell off as investors eye sales data.

>  Unemployment new claims fell by 18,000 last week.

 

Wednesday stock market: Look for a neutral-to-mixed open.   Productivity data and earnings outlook in focus for the start.  Stocks major decline Wednesday as bad news creeps back in and earnings forecast bummer  takes the Dow down by 1.6 percent,  the S&P 500 and NASDAQ took a 1.8 percent hit... more...    Wednesday, May 7, 2008,  9:20  A.M. Eastern- UPDATED 6:01 pm ET

>  Downer of day but a stock market chart shows a possible leg up.

>  Oil tops $123,  closes Wednesday at $123.53 bbl, up 1.69.

>  Productivity in the first-quarter rose 2.2 percent.

 

Tuesdays stock market: Look for a neutral-to-negative open.   Fannie Mae and earnings outlook in focus for the start.  Stocks trend off the lows of the morning to post gains Tuesday... more...   Tuesday, May 6, 2008,  9:24  A.M. Eastern - UPDATED 9:23 pm ET

 

Monday stock market: Look for a neutral-to-negative open.   Microsoft- Yahoo and earnings/ outlook in focus for the start.  Stocks continue to move lower as market conditions degrade.  The DJIA, S&P 500, and NASDAQ lost 0.6 percent, aggregate... more...   Monday, May 5, 2008,  9:20  A.M. Eastern- UPDATED 6:03 pm ET

>  Pre close forecast model-run downgraded the bias to neutral.

 

Rally fails, stocks end mixed Friday: Look for a positive open.   Payroll jobs data,  earnings/ outlook in focus for the start.  Early rally falls by the wayside as the major indexes show mixed end to a profitable week.  The DJIA rose 0.4 percent,  the S&P 500 rose 0.3 percent,  but the tech index lost 0.2 percent... more...   Friday, May 2, 2008,  9:22  A.M. Eastern-  UPDATED 5:57 pm ET

 

Thursdays stock market: Look for a neutral-to-negative open. Could turn mixed.   Fed rate-cut statement,  earnings/ outlook in focus for the start as well as jobless claims and consumer spending report.  Investors send stocks ramping higher Thursdays on the first trade day of the month.  The market, thus far, likes what it sees and sent equities higher with the DJIA up 1.5 percent,  the S&P 500 was up 1.7 percent,  and the NASDAQ was up nearly 2 percent... more...    Thursday, May 1, 2008,  9:20  A.M. Eastern- UPDATED 5:59 pm ET

>  S&P 500 chart graphs the forecast, it shows bottom testing continues.

>  Gov report shows unemployment added 35,000 new claims.

>  Personal income increased $38.8 billion, or 0.3 percent...

 

Wednesdays stock market: Look for a neutral-to-positive open.   The Fed rate-cut statement and GDP data in focus for the start as well as earnings. The Fed cut the target for the Fed funds rate and hint it's done. Stocks ramp higher but turn and profits were booked on this last trade of April. Tomorrow will be a better look at how investors feel about corporate profits and the economy. The DJIA moved slightly lower by 0.1 percent,  the S&P 500 was off by 0.4 percent,  and the NASDAQ was off by 0.6 percent... more...    Wednesday, April 30, 2008,  9:20  A.M. Eastern- updated 5:01 pm ET

>  Government reports a slowing economy in the first quarter.

>  Starbucks reports second quarter drop in earnings.

>  Market equity investors take profits to end April trading.

>  Stocks give up gains, move lower, investors deciding strategy.

>  FOMC lowered its interest target to 2 percent this afternoon.

>  Market Barometer forecast was changed to caution from negative.

>  GDP grows at 0.6 percent in the first-quarter.

 

Tuesday stock market: Look for a neutral-to-negative open.   Fed watch and earnings/ outlook in focus for the start.  Stocks ended flat ahead of the all important rate-cut and accompanying statement that marketers are waiting-on to see if the rate-lowering cycle is over.  The U.S. stock market ended mixed with the DJIA off by 0.3 percent, the S&P 500 off by 0.4 percent, and the NASDAQ ended up slightly by 0.1 percent... more...   Tuesday, April 29, 2008,  9:22  A.M. Eastern- corrected 9:21 pm ET

>  Stocks end flat as investors gear up for Fed rate cut.

>  Consumer confidence in the economy drops as house price do.

>  Home prices drop nearly 13-percent- foreclosures up.

>  Gold and oil prices move lower Tuesday ahead of the FOMC.

 

Mondays stock market open: Look for a neutral-to-mixed open.   Fed in focus for the start as well as M&A.   Monday, April 28, 2008,  9:20  A.M. Eastern

>  Oil hits $120. as gas price continues to climb...  oil chart...

>  Markets prepares for expected last Fed interest rate cut.

>  Mars and Berkshire to acquire Wrigley's.

 

Fridays stock market: Look for a neutral-to-positive open. Could turn mixed.   Earnings/ outlook in focus for the start.  Stocks end mixed with the DJIA higher by 0.3 percent,  the NASDAQ off by 0.3 percent,  and the S&P 500 outperforming by moving into positive territory by 0.7 percent... more...     Friday, April 25, 2008,  9:22  A.M. Eastern- updated 9:31 pm ET

>  Food - oil prices,  less income cause consumer confidence to fall.

 

Stocks ramp higher after flat start, prompts forecast change

Investors send U.S.  stocks up Thursday after a mixed news-set of earnings and economical reports. The Dow and S&P 500, up 0.7 percent, aggregate,  and the NASDAQ up by 1-percent... more...    Market Barometer model run upgraded the forecast bias to positive, leading the way for a forecast change... more...   Thursday, April 24, 2008,  9:40  P.M. Eastern

>  Motorola reported loss for first quarter.

>  New home sales fell in March, worst since last recession.

>  Unemployment initial jobless claims fell 33,000,  to 342,000.

 

Thursdays stock market open: Look for a neutral-to-mixed open.   Jobless claims and Durable Goods reports in focus for the start as well as earnings..   Thursday, April 24, 2008,  9:20  A.M. Eastern

>  Afternoon Barometer model upgraded the forecast bias to positive.

>  Stocks turn late morning move into positive territory.

>  Unemployment claims drop to 342,000 last week.

 

Tech leads the broader market higher

Stocks went higher Wednesday as earnings  - earnings outlook-  continue to please, or at least satisfy.  The NASDAQ rose 1.2 percent,  taking the broader market higher by 0.3 percent... more...    Wednesday, April 23, 2008,  9:27  P.M. Eastern

>  Stocks rise Wednesday as techs led the broader market.

>  U.P.S. profits rise on weak economy but warns forecast.

>  Delta and Northwest to merge in troubled industry.

>  Boeing beats expectations on ramping income.

 

Wednesday stock market open: Look for a neutral-to-positive open.   Earnings/ outlook in focus for the start.   Wednesday, April 23, 2008,  9:21  A.M. Eastern

 

Tuesdays stock market: Look for a neutral-to-negative open. Could turn mixed.   Earnings/ outlook in focus for the start.  Stocks sink Tuesday as earnings and high oil prices take center stage. The DJIA lost 0.8 percent,  the S&P 500 lost 0.9 percent,  and the NASDAQ lost 1.3 percent... more...   Tuesday, April 22, 2008,  9:19  A.M. Eastern- updated 5:55 pm ET

>  Yahoo reported first quarter results ahead of expectations.

>  Stocks under pressure, indexes lower by 1-percent early afternoon.

>  Existing home sales fell 2-percent in March.

 

Broader market ends flattish, techs slightly higher

Earnings set tone for Monday with BofA reporting and a slew of earnings after session close.  The broader market ended lower by 0.2 percent,  techs ended up by 0.2 percent... more...    Monday, April 21, 2008,  9:29  P.M. Eastern

>  Bank of America profits fall sending stocks mixed Monday.

>  Oil closed to another record,  now above $117. bbl.

>  Mattel posts first-quarter loss.

>  Eli Lilly reports First-quarter, misses expectations.

>  Merck reports first quarter profit.

 

Monday stock market open: Look for a neutral-to-negative open.   Earnings/ outlook in focus for the start.   Monday, April 21, 2008,  9:20  A.M. Eastern

 

Fridays stock market: Look for a positive open.   Google earnings, and earnings/ outlook in general,  is the focus for the start Friday.  Pre open Barometer model upgraded the forecast-bias to neutral on improving sentiment.  Intel, IBM, and Goggle earnings send stocks in rally mode Friday with the broader market higher by 1.8 percent,  and tech stocks ramping higher by 2.6 percent... more...   Friday, April 18, 2008,  9:22  A.M. Eastern- updated  5:51 pm ET

>  Techs rally on Google, Intel, and IBM, sending broader market up.

>  Honeywell beats earnings forecast.

>  Barometer pre open model sets forecast bias to neutral Friday.

 

Thursday stock market open: Look for a neutral-to-negative open. Could turn mixed.   Earnings/ outlook in focus for the start as well as jobless claims.   Thursday, April 17, 2008,  9:20  A.M. Eastern

 

Wednesdays stock market open: Look for a positive open.   Inflation CPI data and earnings/ outlook in focus for the start as well as housing data.   Wednesday, April 16, 2008,  9:17  A.M. Eastern

>  IBM beats earnings forecast on global demand and the dollar.

>  Stocks ramp higher Wednesday after inflation data and earnings.

>  Investors take stocks up sharply amid mostly good news.

>  Consumer prices rise in March near expectations.

 

Stocks advance amid M&A, inflation data, and oil price news

Stocks meander,  end higher, as investors get ready for the consumer inflation (CPI)  report tomorrow that could cause volatility. Tuesday, despite the PPI inflation news, investors buy stocks sending the DJIA,  the S&P 500, and the NASDAQ up by 1/2 percent... more...    Barometer model data indicated a chance of a forecast-bias upgrade to neutral tomorrow if reaction to inflation data is positive. With strength from Intel, stocks could see a good day Wednesday if inflation data is tame.  Data is scheduled to be released at 8:30 am, ET... more...   Tuesday, April 15, 2008,  9:59  P.M. Eastern

>  Stocks end higher by 1/2 percent ahead of more inflation data.

>  Oil closes up near the high of the session.

>  Delta Air Lines and Northwest to merge.

>  Producer price data (PPI report) indicates inflation trouble ahead.

 

Tuesday stock market open: Look for a neutral-to-positive open.   Manufacturing inflation data (PPI) and earnings/ outlook in focus for the start.   Tuesday, April 15, 2008,  9:21  A.M. Eastern

>  Producer prices increase cause little concern Tuesday morning.

>  Delta and Northwest to merge.

 

Stocks negative, cause for forecast change to same

U.S. stocks went negative Monday on fear by investors on the ability of corporations to make progress past the credit market problems that seems to be spreading.  With no good reason to buy, investors sell the market down with the Dow posting a 0.2 percent loss,  the S&P 500 lost 0.3 percent,  and the tech index was off by 0.6 percent... more...    The Barometer pre close model changed the forecast to negative,  indicating a very slight chance that things will get better in the near term... more...   Monday, April 14, 2008,  9:32  P.M. Eastern

 

Mondays stock market open: Look for a neutral-to-negative open.   Earnings/ outlook in focus for the start as well as retail sales data.   Monday, April 14, 2008,  9:19  A.M. Eastern

>  Pre close model changed the forecast to negative Monday.

>  Wachovia seeks billions in capital.

 

Friday stock market open: Look for a negative open.   Earnings/ outlook in focus for the start, specifically GE's report.   Friday, April 11, 2008,  9:16  A.M. Eastern

>  GE sinks stocks Friday after earnings and shaky outlook.

 

Thursdays stock market open: Look for a neutral-to-mixed open.   Earnings/ outlook in focus for the start as well as jobless claims data.   Thursday, April 10, 2008,  9:21  A.M. Eastern

 

Investors sell equities continuing yesterdays theme

Oil and gas go for record while other bad news [UPS warns] holds any attempt to move stocks up. The Dow lost 0.4 percent,  the S&P 500 lost 0.8 percent,  and the tech stock index lost 1.1 percent... more...    Mid afternoon Barometer-forecast model changed the forecast-bias back to negative,  as the latest S&P 500 bottom-building test seems to be failing [chart].. more...   Wednesday, April 9, 2008,  6:01  P.M. Eastern

 

Wednesday stock market open: Look for a neutral-to-mixed open.   Earnings in focus for the start.   Wednesday, April 9, 2008,  9:19  A.M. Eastern

>  Mid afternoon Barometer model changes forecast-bias to negative.

 

Earnings and the Fed hold stocks from gains Tuesday

Edgy investors unable to send stocks higher amid earnings and Fed concerns over housing and Financials causing a slowdown in the economy.  The Dow lost 0.3 percent,  the S&P 500 and Techs went lower by 0.6 percent, aggregate... more...   Tuesday, April 8, 2008,  5:51  P.M. Eastern

>  WaMu sets tone for markets gets help from Fed minutes.

>  Fed worries about economy,  housing and Financials concerns.

>  Washington Mutual gets $7 billion, warns of losses.

>  New home sales report indicates, to some, an economic slowdown.

 

Tuesdays stock market open: Look for a neutral-to-negative open.   Earnings/ outlook in focus for the start.   Tuesday, April 8, 2008,  9:21  A.M. Eastern

>  Washington Mutual secures $7 billion.

 

Mondays rally fizzles as stocks go mixed at days end

The DJIA ended flat,  the S&P 500 ended up slightly by 0.1 percent, and the NASDAQ lost 0.3 percent... more...   Monday, April 7, 2008,  9:16  P.M. Eastern

 

Monday stock market open: Look for a neutral-to-positive open.   Monday, April 7, 2008,  9:18  A.M. Eastern

 

Jobs lost had little negative effect over stocks Friday

No overreaction today from a dismal jobs report that showed 80,000 jobs lost in March and unemployment rise to 5.1 percent.  Stocks meandered today, and for the most part,  for the past several days, with the DJIA ending slightly lower by 0.1 percent,  the S&P 500 gaining slightly by 0.1 percent,  and the NASDAQ ended higher by 0.3 percent... more...   Friday, April 4, 2008,  5:50  P.M. Eastern

>  Stocks ended mixed after jobs report.

>  Gov said economy lost 80,000 jobs in March with unemployment at 5.1%.

 

Fridays stock market open: Look for a neutral-to-positive open.   Payroll jobs data in focus for the start.   Friday, April 4, 2008,  9:15  A.M. Eastern

>  Stocks meander midday after job loss report.

>  Unemployment rate jumps to 5.1 percent in March.

>  Job loss of 80,000 for March exceeds estimates by experts.

 

Stocks meander, market focused on Congress testimony

Stocks tread water Thursday,  end slightly higher,  as the investing community eye Congressional inquiry into the Bear deal.  Everybody is gearing up for the payroll jobs report tomorrow morning. Today's jobless initial claims had the Futures down this morning before the open.  There shouldn't be any surprise [to investors] that companies are going to layoff.  It was an overreaction this morning and probably will be one tomorrow when we find out how many jobs were created in March, if any.  Unfortunately, the market, at some point, will be applauding companies for laying off, maybe not out loud, but by buying the market and sending shares higher.  The DJIA, S&P 500,  and the NASDAQ ended slightly higher Thursday... more...   Thursday, April 3, 2008,  5:56  P.M. Eastern

>  Stocks flat Thursday as investors eye Bear testimony.

>  Stocks held back after jobless claims data.

>  Jobless claims sink futures market.

 

Thursday stock market open: Look for a neutral-to-negative open.   Jobless claims in focus for the start.   Thursday, April 3, 2008,  9:17  A.M. Eastern

 

Stocks near neutral amid Bernanke economic talk to Congress

U.S. stock market held to near flat Wednesday,  ended slightly lower as investors deciphered comments from Federal Reserve Chief Bernanke.  Other than factory order data and more Bear news,  stocks hung-around unchanged, with the DJIA closing lower by 0.4 percent,  the S&P 500 off by 0.2 percent,  and the NASDAQ slightly lower by 0.1 percent... more...   Wednesday, April 2, 2008,  5:55  P.M. Eastern

>  Stocks end slightly lower after Bernanke comments.

>  Factory orders drop 1.3 percent in February.

 

Wednesday stock market open: Look for a neutral-to-positive open.   Earnings/ outlook in focus for the start as well as Fed Chief Bernanke.   Wednesday, April 2, 2008,  9:20  A.M. Eastern

>  Stocks hold up amid Bernanke talk to Congress.

>  Bernanke gives state of the economy to Congress.

 

Stocks surge to start quarter, led by banks and Shorts

Stocks roar ahead,  garnishing 3 to 4 percent, on start of second-quarter, led by banks and short-covering.  Feeling is that the bottom, of this down market, has been tested and passed with this rally... chart....   The major indexes ramped forward by 3 percent,  nearly 4-percent for the NASDAQ... more...   Pre close Barometer model changed the forecast-bias to neutral as market conditions improve.  Metrics of the data from the model-run indicate further strengthening possible... more...   Tuesday, April 1, 2008,  6:02  P.M. Eastern

>  Barometer pre close model changed the forecast-bias to neutral...

>  Banks led Tuesdays rally with indexes posting better than 3 percent.

>  UBS, Lehman, and ISM report get stocks ramping higher Tuesday.

>  ISM manufacturing activity rose slightly helping sentiment.

 

Tuesday stock market open: Look for a positive open.   Earnings season and improving sentiment in focus for the start as well as manufacturing data-release later this morning.   Tuesday, April 1, 2008,  9:20  A.M. Eastern

>  Pre close Barometer model changed the forecast-bias to neutral.

>  Stocks roar higher on manufacturing report,  2-plus percent higher.

>  Stocks rally ahead of ISM manufacturing data.

 

Last trade of the quarter sees stocks up in the green

Stocks remain positive Monday closing out the month and quarter, with investors still concerned over the credit markets.  The DJIA was up by 0.4 percent, the S&P 500 was up by 0.6 percent, and the NASDAQ higher by 0.8 percent... more...  No change to the forecast today as model data  suggest Tuesday needs to be positive in order for the forecast-bias to be upgraded to neutral. The forecast currently maintains a CAUTION with a negative bias... more...   Monday, March 31, 2008,  5:51  P.M. Eastern

>  Paulson proposes financial plan.

>  Stocks end the quarter in positive territory.

 

Monday stock market open: Look for a neutral-to-mixed open.   Earnings/ outlook in focus for the start.   Monday, March 31, 2008,  9:20  A.M. Eastern

 

Negative sentiment continues to take stocks lower

Sellers are still in command of the U.S. stock market as equities continue stair stepping lower,  with the major indexes posting a loss of nearly 1-percent,  ahead of the last trade day of the quarter.  Stocks could be in for more trouble Monday as investors prepare for Q-2... more...   Barometer models are showing more metrics turn negative,  positioning the forecast for a downgrade to negative-  we haven't seen a capitulation yet which most times signals a bottom.   Friday, March 28, 2008,  5:56  P.M. Eastern

 

Fridays stock market open: Look for a neutral-to-positive open.   Earnings/ outlook in focus for the start as well as economic data.   Friday, March 28, 2008,  9:21  A.M. Eastern

 

Oracle tanks techs, taking the broader market lower

Oracles misfortune takes tech stocks down Thursday, leading the broader market lower as well.  GDP data showing an economic slowdown helped the selling,  a decrease in unemployment jobless claims didn't help an already negative environment... more...   Evening Barometer model-run is expected to change the forecast-bias back to negative.  It appears investors are continuing the practice of selling into rallies, which could keep stocks range bound. The change to the bias is expected prior to Fridays open...   Thursday, March 27, 2008,  6:01  P.M. Eastern

>  Evening model-run changed the forecast-bias to negative.

>  Production in the U.S. slowed down to 0.6 percent last quarter.

>  Unemployment initial claims drop 9,000 last week.

>  Oracle pressures techs and broader market.

 

Thursday stock market open: Look for a neutral-to-mixed open.   GDP and jobless claims in focus for the start as well as Oracle earnings report.   Thursday, March 27, 2008,  9:20  A.M. Eastern

 

Stock market consolidates, buyers on the sidelines

Stocks got sold off Wednesday to consolidate,  help along by weak economical data... more...   Wednesday, March 26, 2008,  6:00  P.M. Eastern

>  Stocks fall after weak reports.

>  NASAA and SIPC remind investors of safeguards already in place.

>  Oracle reports, stock falls after hours.

 

Some Market-Barometer Internet services are down

Some Internet services are down on Market-Barometer.com site but should be restored shortly.  Intranet services not affected.   Wednesday, March 26, 2008,  3:59  P.M. Eastern

 

Wednesdays stock market open: Look for a neutral-to-negative open.   Economic data in focus for the start.   Wednesday, March 26, 2008,  9:20  A.M. Eastern

 

Broader market consolidates, techs ramp higher

Investors rested Tuesday after mixed news and economic data, as the broader  market consolidated around the unchanged-line,  tech stocks rose over 1/2 percent... more...   Tuesday, March 25, 2008,  5:56  P.M. Eastern

>  Home prices fall taking stocks down midmorning Tuesday.

>  Broader market consolidates, ends mixed, techs ramp up.

>  Consumer confidence drops sending stocks mixed Tuesday.

 

Tuesday stock market open: Look for a neutral-to-mixed open.   Tuesday, March 25, 2008,  9:19  A.M. Eastern

 

Rested investors send stocks higher on good news

Less bad news, a stream of good news,  and rested [holiday] investors sent stocks up Monday while the Barometer model turns the bias back to neutral. Stocks ramp up, settled off the highs but with nice gains. The broader market advanced by 1.5 percent, while tech stocks ramped up 3-percent... more...   Late morning Barometer model-run changed the forecast-bias to neutral.  Data suggests bottom-testing [chart] is favorable with the metrics of the model indicating more positive days ahead... more...   Monday, March 24, 2008,  6:00  P.M. Eastern

>  Barometer model changes the forecast-bias to neutral.

>  Stocks rally Monday on JP Morgan-Bear news.

>  Existing home sales data helps stocks.

>  Stocks rock Monday continuing Thursdays rally.

 

 

Monday stock market open: Look for a neutral-to-positive open.   JP Morgan and Bear Stearns in focus for the start.   Monday, March 24, 2008,  9:21  A.M. Eastern

>  Late morning Barometer model-run changed the forecast-bias to neutral.

 

Stocks gain back nearly all of yesterdays sell-off

U.S. equities come back to recover virtually all of Wednesdays loss.  The DJIA and NASDAQ rose 2.2 percent, while the broader market advanced 2.4 percent... more...   The major news of the day [for forecasters] is stocks advancing while commodities sell off,  allowing investors to buy stocks at the floor [sector switching], or, what is possibly seen  as the floor to the stock market.  Several days of buying is needed to trigger a forecast change- charts seem to show a bottom to months of selling... chart...   Thursday, March 20, 2008,  9:44  P.M. Eastern

>  Weekly jobless claims rose by 22,000.

>  Oil and gold prices continue to fall.