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2005 Stock Market ARCHIVES

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12/31/05 Weekend- New Year's Eve- New Year's Day-

Markets closed: U.S. markets closed Monday in observance of New Years Day. Markets are scheduled for normal business Tuesday January 3.   1-2-2006 Monday 10:57a Eastern  

 

12/30/05 Friday-

Weak start seen for last trade day: |  Look for a neutral-to-negative open.   12-30-05 Friday 9:27a Eastern  

 

12/29/05 Thursday-

Thursday start seen flat: |  Look for a neutral, flat open. Could turn mixed.   12-29-05 Thursday 9:26a Eastern

 

Next to last trade sees red: Stocks end lower Thursday with one more trade-day left in 2005;   DJIA closed slightly off by 0.1 percent, the S&P500 was down 0.3 percent, and the NASDAQ was down 1/2 percent. The forecast continues to indicate CAUTION with a neutral forecast-bias.   12-29-05 Thursday 4:52p Eastern  

 

12/28/05 Wednesday-

Wednesdays open seen higher: |  Look for a neutral-to-positive open.   12-28-05 Wednesday 9:24a Eastern

 

Up day Wednesday: U.S. stock market major averages closed with slight gain Wednesday with the DJIA gaining 0.2 percent, the S&P500 and NASDAQ gaining 0.1 percent. The forecast continues to indicate CAUTION with a neutral forecast-bias.   12-28-05 Wednesday 4:50p Eastern     

 

12/27/05 Tuesday-

Tuesdays open seen up: |  Look for a neutral-to-positive open.   12-27-05 Tuesday 9:24a Eastern

 

Averages move lower Tuesday: Stocks get sold down Tuesday with the DJIA, NASDAQ, and S&P500 all posting 1 percent loss. With just a couple of days left in the year, will the averages post gains or not. The forecast continues to indicate CAUTION with a neutral forecast-bias.    12-27-05 Tuesday 4:44p Eastern  

 

12/24/05 Weekend- Christmas- Hanukkah- holiday-

U.S. market closed Monday: |  U.S. markets closed in observance of Christmas day.  Markets will reopen for regular sessions Tuesday.   12-26-05 Monday 11:34a Eastern  

 

12/23/05 Friday-

Flat start seen for Friday: |  Look for a neutral, flat open.   12-23-05 Friday 9:25a Eastern

 

Market ends flat ahead of holiday: U.S. stock market ends nearly unchanged in session ahead of Christmas-Hanukkah weekend-holiday. The DJIA ended slightly lower by 0.1 percent, the S&P500 was flat on the session, and the NASDAQ ended slightly higher by 0.1 percent. The forecast continues to indicate CAUTION with a neutral forecast-bias.   12-23-05 Friday 4:38p Eastern  

 

12/22/05 Thursday-

Look for a higher start Thursday: |  Look for a neutral-to-positive open.   12-22-05 Thursday 9:27a Eastern

 

Positive session Thursday: Stocks gain Thursday with the tech heavy NASDAQ outperforming its peer indexes. The DJIA closed with a 1/2 percent gain, the S&P500 was up by 0.4 percent, and the NASDAQ closed higher by 0.7 percent.  The forecast continues to indicate CAUTION with a neutral forecast-bias.   12-22-05 Thursday 4:47p Eastern  

 

12/21/05 Wednesday-

Positive start seen for Wednesday: |  Look for a neutral-to-positive open.   12-21-05 Wednesday 9:27a Eastern

 

Major indexes end well off the highs: What a bummer! We had a rally-  on GDP data this morning-   but stock indices end well off the highs of the day to close with a respectable gain. DJIA and S&P500 closed up by 0.3 percent, the NASDAQ held on with a 0.4 percent gain for the day. The forecast continues to indicate CAUTION with a neutral forecast-bias.   12-21-05 Wednesday 5:00p Eastern  

 

12/20/05 Tuesday-

Tuesday's open: |  Look for a neutral-to-positive open.   12-20-05 Tuesday 9:26a Eastern

 

Stocks go south again Tuesday: Stocks continue to meander and trend lower as the major indices closed slightly off Tuesday;  DJIA closed lower by 0.3 percent, the S&P500 and NASDAQ ended flat. The forecast continues to indicate CAUTION with a neutral forecast-bias.   12-20-05 Tuesday 4:44p Eastern  

 

12/19/05 Monday-

Mondays open: |  Look for a neutral-to-positive open.   12-19-05 Monday 9:28a Eastern  

 

Stocks go south Monday: The DJIA closed Monday lower by 0.4 percent, the S&P500 lost 0.6 percent, and the NASDAQ got hammered by 1.3 percent. The forecast continues to indicate CAUTION with a neutral forecast-bias.   12-19-05 Monday 4:41 Eastern  

 

12/17/05 Weekend-

  

 

12/16/05 Friday-

Higher start seen for Friday: |  Look for a neutral-to-positive open.   12-16-05 Friday 9:26a Eastern

 

Stocks end lower Friday: Options expirations day sees little movement in the indexes as investors opt to wait on economical [data] out next week. The DJIA ended slightly lower by 0.1 percent, the S&P500 ended off by 0.3 percent, and the NASDAQ was down by 0.4 percent. The forecast continues to indicate CAUTION with a neutral forecast-bias.   12-16-05 Friday 5:35p Eastern  

 

12/15/05 Thursday-

Neutral start seen for Thursday: |  Look for a neutral-to-positive open.   12-15-05 Thursday 9:27a Eastern

 

Stocks meander Thursday: Stocks meander most of the day and end just under the unchanged-line with the S&P500 and NASDAQ reporting a slight loss off 0.1 percent, and the DJIA ended flat. The forecast continues to read CAUTION with a neutral forecast-bias.   12-15-05 Thursday 5:39p Eastern  

 

12/14/05 Wednesday-

Weak open seen for Wednesday: |  Look for a neutral to mixed open.   12-14-05 Wednesday 9:29 Eastern

 

Indices end Wednesday mixed: Major indexes end Wednesday in mixed mode amid little moving-news for investors to trade on. Yesterdays Fed statement boosted positive sentiment among traders/investors that sends stocks higher-  tech stocks lag. The DJIA ended higher by 0.6 percent, the S&P500 was higher by 0.4 percent, while the NASDAQ slipped, slightly, by 0.1 percent. The forecast continues to read CAUTION with a neutral forecast-bias.   12-14-05 Wednesday 5:47p Eastern  

 

12/13/05 Tuesday-

Flat start seen for Fed day: |  Look for a neutral, flat open.   12-13-05 Tuesday 9:25a Eastern

 

Fed sends stocks higher Tuesday afternoon: Investors react positive to Fed-statement that could indicate the Fed is near the end of the rate-hike-cycle. Tomorrow will be a good measure as traders most likely will send the market higher-  but that is a guess at this point, all other things equal. The DJIA rose 1/2 percent, S&P500 rose by 0.6 percent, and the NASDAQ underperformed but ended higher by 0.2 percent. The forecast continues to reads CAUTION with a neutral forecast-bias.   12-13-05 Tuesday 4:58p Eastern     

 

12/12/05 Monday-

Positive open seen for Monday: |  Look for a neutral-to-positive open.   12-12-05 Monday 9:27a Eastern

 

Flat market ahead of the Fed: Stocks end flat ahead of the Fed, where hope is the Fed Chief will hint to any upcoming policy change, in the accompanying statement;  a 25 basis point hike is expected tomorrow. The DJIA ended slightly lower by 0.1 percent, the S&P500 slightly higher by 0.1 percent, and the NASDAQ was higher by 0.2 percent. The forecast reads CAUTION with a neutral forecast-bias.   12-12-05 Monday 5:19p Eastern  

 

12/10/05 Weekend-

  

 

12/9/05 Friday-

Friday's open seen as neutral: |  Look for a neutral, flat open. Could turn mixed.   12-9-05 Friday 9:27a Eastern

 

Market advances ahead of Fed week: The popular averages trend into positive territory Friday afternoon ahead of Fed week when investors hope for a hint to when the FOMC will go neutral on rate-hike policy. The DJIA rose 0.2 percent, the S&P500 rose 0.3 percent, and the NASDAQ outperformed with a 1/2 percent gain. The forecast reads CAUTION with a neutral forecast-bias.   12-9-05 Friday 4:59p Eastern  

 

12/8/05 Thursday-

Flat to mixed open seen Thursday: |  Look for a neutral, possibly mixed open.   12-8-05 Thursday 9:25a Eastern

 

Stocks end weak Thursday: Stocks meander Thursday to end off the unchanged-line amid higher oil and gas prices. Intel puts its two-cents worth in which continues the negative sentiment after-hours. The DJIA lost 1/2 percent, the NASDAQ was lower by 0.3 percent, and the S&P500 was slightly lower by 0.1 percent. The forecast reads CAUTION with a neutral forecast-bias.   12-8-05 Thursday 5:06p Eastern  

 

12/7/05 Wednesday-

Flat open seen Wednesday: |  Look for a neutral, flat open. Could turn mixed.   12-7-05 Wednesday 9:27a Eastern

 

Indices move lower Wednesday: Market ends in negative territory Wednesday, well off the lows of the session. The DJIA and NASDAQ ended lower by 0.4 percent, the S&P500 was off by 1/2 percent. The forecast-bias was downgraded during midmorning model run and now stands at neutral- the forecast now reads CAUTION with a neutral bias.   12-7-05 Wednesday 5:02p Eastern  

 

12/6/05 Tuesday-

Mostly positive start set for Tuesday: |  Look for a neutral-to-positive open.   12-6-05 Tuesday 9:26a Eastern

 

Stocks move higher Tuesday: Major market indices fall sharply in last hour of trade to end positive-  but well off the highs of the session. Economical data [factory orders - productivity and cost] set the tone for the day with the indices establishing nice gains but move lower to close well off the session highs. The DJIA closed up by 0.2 percent, the S&P500 and NASDAQ moved slightly higher by 0.1 percent. The Barometer forecast indicates CAUTION with a positive forecast-bias.   12-6-05 Tuesday 5:36p Eastern  

 

12/5/05 Monday-

Weak start seen for Monday: |  Look for a neutral-to-negative open.   12-5-05 Monday 9:27a Eastern

 

Weak session Monday: Major indexes drop early and trend sideways during Mondays session. The DJIA moves lower by 0.4 percent, the S&P500 was lower by 0.2 percent, and the NASDAQ lost 0.7 percent. The Barometer forecast indicates CAUTION with a positive forecast-bias.   12-5-05 Monday 5:06p Eastern  

 

12/3/05 Weekend-

  

 

12/2/05 Friday-

Neutral open seen for Friday: |  Look for a neutral, flat open. Could turn mixed.   12-2-05 Friday 9:27a Eastern

 

Stock major indexes end in neutral Friday: Major indices end Friday in neutral on nonfarm payroll data released this morning. The DJIA closed lower by .03 percent, the NASDAQ was up by 0.3 percent, and the S&P500 closed flat. The forecast indicates CAUTION with a positive bias.   12-2-05 Friday 5:07p Eastern  

 

12/1/05 Thursday-

Positive start seen for Thursday: |  Look for a positive open and start.   12-1-05 Thursday 9:27a Eastern

 

Market rallies ahead of payroll data: December gets off to a positive start with the major indexes rising better than 1 percent, amid economical data [jobless first time claims - manufacturing report] ahead of the all important nonfarm payroll report tomorrow that will indicate job creation and the unemployment rate-  month over month. The forecast-bias was changed back to positive during the midday model run. The DJIA rose 1 percent, the S&P 500 rose 1.2 percent and the NASDAQ rose 1.5 percent. The forecast indicates CAUTION with a positive forecast-bias. The forecast is subject to upgrade.   12-1-05 Thursday 5:05p Eastern  

 

11/30/05 Wednesday-

Mixed start seen for Wednesday: |  Look for a neutral, flat open. Could turn mixed.   11/30/05 Wednesday 9:28a Eastern

 

Dow and S&P500 end lower, NASDAQ flat: |  [no close extract] The DJIA closed lower by 0.8 percent, the S&P500 was lower by 0.6 percent, the NASDAQ ended slightly positive. The forecast-bias was downgraded by the pre-close model and now is neutral. The forecast now indicates CAUTION with a neutral forecast-bias.   11/30/05 Wednesday 5:35 Eastern  

 

11/29/05 Tuesday-

Higher start seen for Tuesday: |  Look for a positive open and start.   11/29/05 Tuesday 9:25a Eastern

 

Market ends Tuesday mixed: Economic data [new home sales  -  consumer confidence] set a positive tone early for stocks but buyers were sidelined as the major indexes trended lower all day to end mixed and flat with the DJIA and S&P nearly unchanged and the NASDAQ lower by 0.3 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.   11/29/05 Tuesday 5:00p Eastern  

 

11/28/05 Monday-

Monday's start looks flat: |  Look for a neutral-to-positive open.   11/28/05 Monday 9:27a Eastern

 

Profit taking Monday: Investors pullback a bit after very positive market-run over the previous seven-sessions. The DJIA lost 0.4 percent, S&P500 was off by 0.9 percent, and the NASDAQ lost 1 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.   11/28/05 Monday 5:07p Eastern  

 

11/26/05 Saturday-

  

 

11/25/05 Friday- Black Friday-

Slow, flat start seen for Friday: |  Look for a neutral, flat open.   11/25/05 Friday 9:26a Eastern

 

Half-day session ends in positive territory: Half-day session ends flat, but positive, as black Friday gets off to a good holiday retail season start. The DJIA and NASDAQ move slightly higher by 0.1 percent, the S&P500 was higher by 0.2 percent. The forecast continues to show CAUTION with a positive forecast-bias and is subject to change. Models show somewhat of an extended run [last six-days] and indicate a pull back-  slight correction-  is due.   11/25/05 Friday 2:22p Eastern  

 

11/24/05 Thursday- Thanksgiving Day holiday-

U.S. markets closed: Markets are closed Thursday for Thanksgiving holiday;  stock market opens regular time tomorrow for half day session.   11/24/05 Thursday 10:43a Eastern     

 

11/23/05 Wednesday-

Mixed start possible Wednesday: |  Look for a neutral, possibly flat mixed open.   11/23/05 Wednesday 9:28a Eastern

 

Five-day rally continues: Buyers chase stocks higher for a fifth-day of market gains on rate-hike and oil-price relief hopes. With Thanksgiving holiday tomorrow [Thursday] and a partial trade session Friday [regular session to close at 1:00 et.], investors ramp prices higher to end Wednesday, off the highs of the session, with nice gains with the DJIA and S&P500 higher by 0.4 percent, the NASDAQ up by 0.3 percent. The forecast continues to show CAUTION with a positive forecast-bias and is subject to change. Models indicate a somewhat extended run [last five-days] and indicate a pull back-  slight correction-  is due.   11/23/05 Wednesday 5:07p Eastern  

 

11/22/05 Tuesday-

Weak start seen for Tuesday: |  Look for a neutral-to-negative open.   11/22/05 Tuesday 9:26a Eastern

 

Stocks continue rally with momentum: U.S. stocks continue their move higher today as investors got treated to growing concern among FOMC members of the risks of continuing rate-hikes. Minutes of the Fed meeting indicated to analysts that continuing rate-hikes in 2006 will be limited, possibly to just a few more hikes. The major indexes ended with very positive momentum, with the DJIA, S&P500, and NASDAQ ending 1/2 percent higher. The forecast continues to indicate CAUTION with a positive bias;  the forecast continues to be subject to upgrade.   11/22/05 Tuesday 5:11p Eastern  

 

11/21/05 Monday-

Neutral start seen for holiday week: |  Look for a neutral, probably flat open.   11/21/05 Monday 9:27a Eastern

 

Market advances Monday continuing the move higher: Very productive market advances better than 1/2 percent amid mixed news of the day [GM layoffs and Boeings orders]. Holiday week sees the first day take off with the DJIA and S&P500 closing higher by 1/2 percent, the NASDAQ higher by 0.7 percent. The forecast-bias was upgraded Friday evening to positive on continuing positive performance of the market. The forecast reads CAUTION with a positive forecast-bias. The forecast is subject to upgrade.   11/21/05 Monday 5:07p Eastern  

 

11/19/05 Weekend-

     

 

11/18/05 Friday-

Higher start seen Friday: |  Look for a neutral-to-positive open.   11/18/05 Friday 9:23a Eastern

 

Stock indices continue slow move higher: Stocks do well Friday after a slow start, helped by M&A activity [Cisco / Scientific Atlanta and others] as oil prices continue moving lower, threatening to slip below $55 bbl. The DJIA and S&P500 closed higher by 0.4 percent, the NASDAQ higher by 0.3 percent. The forecast reads CAUTION with a neutral forecast-bias and is subject to change.   11/18/05 Friday 5:04p Eastern  

 

11/17/05 Thursday-

Higher open seen for Thursday: |  Look for a neutral-to-positive open with NASDAQ leading.   11/17/05 Thursday 9:27a Eastern

 

Dow meanders while NASDAQ leads Thursday midday: NASDAQ takes the lead with the S&P500 not to far behind-  Dow lingers near unchanged midday Thursday, amid economical data [jobless claims and housing data] with the NASDAQ higher by 0.6 percent, the S&P500 up by 0.4 percent, and the DJIA slightly higher by 0.1 percent. The forecast continues to indicate CAUTION.   11/17/05 Thursday 12:06p Eastern

 

Last hour sees momentum pick up: Market picks up momentum in last hour of trade Thursday to end-up with a major advance while the price of oil continues to slip deeper into the 50's. Jobless initial claims and other economical data seems to have inspired buyers back into the market with the DJIA closing higher by 0.4 percent, the S&P500 up by 0.9 percent, and the NASDAQ outperforming with a 1.5 percent gain. The forecast reads CAUTION with a neutral forecast-bias and is subject to change.   11/17/05 Thursday 5:09p Eastern   [back]

 

11/16/05 Wednesday-

Mostly positive start seen Wednesday: |  Look for a neutral-to-positive open.   11/16/05 Wednesday 9:27a Eastern

 

Another slow day: Stocks continue to meander midweek on little news [Bernanke was given the OK by the Senate Banking Committee - Consumer price index data]. The DJIA ended slightly lower by 0.1 percent, the S&P500 rose by 0.2 percent, and the NASDAQ was up slightly by 0.1 percent. The forecast reads CAUTION with a neutral bias.   11/16/05 Wednesday 5:49p Eastern  

 

11/15/05 Tuesday-

Another weak open seen for Tuesday: |  Look for a neutral, flat open.   11/15/05 Tuesday 9:27a Eastern

 

Stock market ends lower Tuesday: Major indexes meander most of the day amid Bernanke news... and economical reports [producer prices and retail sales] and ended lower with the DJIA ending slightly lower by 0.1 percent, the S&P500 lower by 0.4 percent, and the NASDAQ off by 0.7 percent. The forecast bias was downgraded to neutral from positive during the afternoon model run. The forecast now reads CAUTION with a neutral forecast-bias.   11/15/05 Tuesday 5:45p Eastern  

 

11/14/05 Monday-

Weak start seen for Monday: |  Look for a neutral, flat open.   11/14/05 Monday 9:27a Eastern

 

Weak end to Monday's meandering: Stocks meander Monday amid little news. The DJIA closed slightly higher by 0.1 percent, the S&P500 and NASDAQ closed slightly lower by 0.1 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.   11/14/05 Monday 5:09p Eastern  

 

11/12/05 Weekend-

  

 

11/11/05 Friday-

Flat open seen for Friday: |  Look for a neutral-to-positive open.   11/11/05 Friday 9:26a Eastern

 

Slow positive day Friday: |  Stock indexes stair-step Friday to end higher on a slow holiday session. The DJIA rose 0.4 percent, the S&P500 and NASDAQ rose 0.3 percent. The forecast continues to indicate CAUTION with a positive bias.   11/11/05 Friday 4:51p Eastern  

 

11/10/05 Thursday-

Weak open seen for Thursday: |  Look for a neutral, flat open;  probably trending slightly positive in the early going.   11/10/05 Thursday 9:24a Eastern

 

Rally kicks off Thursday midday: Stock market takes off Thursday midday while price of oil continues to fall. With little real bad news, investors ramp-up buying and send the indexes higher looking to continue the trend Friday and into next week-  a failed attempt to rally yesterday occurred when terror attacks gave pause to the market.

The DJIA ended higher by 0.9 percent, the S&P500 was higher by 0.8 percent, and the NASDAQ ended up by 1 percent. The Barometer forecast continues to indicate CAUTION with a positive bias.   11/10/05 Thursday 5:12p Eastern  

 

11/9/05 Wednesday-

Flat open seen for Wednesday: |  Look for a neutral, flat open.   11/9/05 Wednesday 9:25a Eastern

 

Investors focus on attacks in Jordan: Indexes trended from negative territory midday but terror attacks in Jordan gave investors something else to focus on;  stock managed to hold onto slight gains. The DJIA closed slightly higher by 0.1 percent, the S&P500 and NASDAQ did better with a 0.2 percent gain on the day. The forecast indicates CAUTION with a positive forecast-bias.   11/9/05 Wednesday 5:27p Eastern  

 

11/8/05 Tuesday-

Lower start seen Tuesday: |  Look for a neutral-to-negative open.   11/8/05 Tuesday 9:27a Eastern

 

Toll Brothers and the market move lower Tuesday: Market major indexes end lower Tuesday along with Toll Brothers, a leading national home builder, as the company, today, reduced 2006 guidance that set the tone for investors. The Barometer models [futures models] reaffirmed prediction that there is a "higher probability" that the indices will continue higher to years-end but with a reduction in the S&P500 target... Today, the DJIA and S&P500 ended lower by 0.4 percent, the NASDAQ was off by 0.3 percent. The forecast indicates CAUTION with a positive forecast-bias.   11/8/05 Tuesday 5:33p Eastern  

 

11/7/05 Monday-

Stocks seen to start positive Monday: |  Look for a neutral-to-positive open.   11/7/05 Monday 9:22a Eastern

 

Stocks continue last weeks positive trend: Market was higher Monday on little financial news amid lower oil prices, as oil continues below $60 bbl. The forecast-bias was upgraded during the early afternoon model run, continuing improvement of fundamentals was noted. The DJIA closed up by 1/2 percent, the S&P500 was higher by 0.2 percent, and the NASDAQ higher by 0.4 percent. The forecast now reads CAUTION with a positive bias.   11/7/05 Monday 4:59p Eastern  

 

11/5/05 Weekend-

 

 

11/4/05 Friday-

Jobs data sets a flat open for Friday: |  Look for a neutral-to-positive open.   11/4/05 Friday 9:25a Eastern

 

Jobs data set the tone Friday: Jobs creation for October came in at 56,000, well below forecasts;  Dow and S&P500 were lower most of the day but end flat-  NASDAQ outperformed. The DJIA ended slightly higher by 0.1 percent, the S&P500 was flat, but the NASDAQ ended up by 0.4 percent. The forecast indicates CAUTION with a neutral bias.   11/4/05 Friday 5:05p Eastern  

 

11/3/05 Thursday-

Higher start seen for Thursday: |  Look for a positive open and start.   11/3/05 Thursday 9:23a Eastern

 

Another positive performance Thursday: Four out of the past five sessions, market moves higher indicating investors willing to buy stocks on hope of a year-end rally, amid good economical data and no real bad news to discourage buying- oil also moves higher. The DJIA closed up by 1/2 percent, the S&P500 was up by 0.4 percent, and the NASDAQ was higher by 0.7 percent. The forecast, changed yesterday, reads CAUTION with a neutral forecast-bias.   11/3/05 Thursday 5:31p Eastern  

 

11/2/05 Wednesday-

Flat start seen for equities Wednesday: |  Look for a neutral-to-negative open.   11/2/05 Wednesday 9:26a Eastern

 

Forecast change to caution: |  Afternoon models indicate a forecast change to CAUTION from negative. More information to follow... Updated....   11/2/05 Wednesday 2:02p Eastern

 

NASDAQ rose 1.4 percent inspiring investors: Markets rally Wednesday with the NASDAQ leading the way-  oil prices slip below $60 bbl. With good volume and rate-focus behind, investors bid equities higher hoping this is a turnaround where prices end higher for the year. The Barometer forecast was upgraded to CAUTION from negative before the close as the models indicate an apparent sentiment change among investors. The DJIA rose 0.6 percent, the S&P500 rose 1 percent, and the NASDAQ outperformed with a 1.4 percent gain. The forecast now reads CAUTION with a neutral forecast-bias.   11/2/05 Wednesday 5:30p Eastern  

 

11/1/05 Tuesday-

Weak open set for Tuesday: |  Look for a neutral-to-negative open. Chance of mixed-  flat start.   11/1/05 Tuesday 9:27a Eastern

 

Market ends weak on Fed day: Major indices popup briefly on Fed rate-hike announcement, but soon after continued the negative trend with the major averages ending near neutral for the day- investors could react tomorrow. The market had little reaction to the manufacturing and construction-spending data as the indices ended lower;  the DJIA and NASDAQ ended off by 0.3 percent, and the S&P500 was lower by 0.4 percent. The forecast indicates NEGATIVE with a neutral forecast-bias going into Wednesday.   11/1/05 Tuesday 5:29p Eastern  

 

10/31/05 Monday-

Higher start seen for Monday: |  Look for a neutral-to-positive open.   10/31/05 Monday 9:23a Eastern

 

Investors send stock prices higher: Investors drive stocks higher Monday morning amid economical data [consumer spending and Chicago PMI data] and M&A activity, ahead of the Fed rate-hike meeting set for  tomorrow. The DJIA was up by 0.6 percent, the S&P500 was up by 0.7 percent, and the NASDAQ higher by 1.3 percent. The forecast-bias was changed to neutral during this mornings model run. The forecast now reads NEGATIVE with a neutral bias. The forecast is subject to change.   10/31/05 Monday 11:24a Eastern

 

Positive market ahead of Fed day: Off the highs of the session, the major indexes close in positive territory Monday amid plenty of merger and acquisition deals and ahead of the Fed meeting that will see interest rates increase;  the Fed accompanying statement will be what traders and investors focus on- all to take place tomorrow afternoon. The DJIA ended up by 0.4 percent, the S&P500 was higher by 0.7 percent, and the NASDAQ outperformed with a 1.5 percent gain. The forecast-bias was changed this morning to neutral making the forecast read NEGATIVE with a neutral bias- improving condition. The forecast is subject to change tomorrow.   10/31/05 Monday 5:11p Eastern  

 

10/29/05 Weekend-

  

 

10/28/05 Friday-

Friday's open looks positive: |  Look for a positive open.   10/28/05 Friday 9:24a Eastern

 

Rally sees Dow and S&P500 up 1.7 percent: Investors like GDP data and move the indexes back up ahead of an economical-rich next week when volatility could pick up. The DJIA and S&P 500 rose 1.7 percent, and the NASDAQ ended up higher by 1.3 percent. The forecast continues to indicate NEGATIVE with a negative forecast-bias.   10/28/05 Friday 4:54p Eastern  

 

10/27/05 Thursday-

Weak start seen Thursday: |  Look for a neutral-to-negative open.   10/27/05 Thursday 9:24a Eastern

 

Day three of negative sentiment: Stocks get kicked around again Thursday as buyers stay sidelined awaiting a swarm of economical data starting tomorrow with GDP. The DJIA and S&P 500 lost 1.1 percent, while the NASDAQ lost 1.7 percent. The forecast-bias was once again downgraded;  the forecast now stands at NEGATIVE with a negative bias.   10/27/05 Thursday 5:05p Eastern  

 

10/26/05 Wednesday-

Wednesday's open looks lower: |  Look for a neutral-to-negative open.   10/26/05 Wednesday 9:25a Eastern

 

Indexes trended lower Wednesday: Enthusiasm was lost Wednesday as the major indices trend lower from midday- onto the close- with a loss. Lower oil prices and mixed earnings saw investors opt to wait for potential market-moving economical data starting Friday with GDP, and on into next week with PMI, FOMC meeting, ISM and nonfarm reports, to name a few;  could be very volatile next week. Meanwhile today, the DJIA closed off by 0.3 percent, the S&P500 was off by 0.4 percent, and the NASDAQ lost 1/2 percent. The forecast continues to indicate NEGATIVE with a neutral bias.   10/26/05 Wednesday 5:08p Eastern  

 

10/25/05 Tuesday-

Market seen looking for direction: |  Look for a neutral, flat open.   10/25/05 Tuesday 9:28a Eastern

 

Indices end off the lows amid higher oil: Stock market ends slightly lower Tuesday while oil prices move higher an investors mull earnings and outlook forecasts. The DJIA ended slightly lower by 0.1 percent, the S&P500 ended off by 0.2 percent, and the NASDAQ was off by 0.3 percent. The forecast reads NEGATIVE with a neutral bias.   10/25/05 Tuesday 5:50p Eastern  

 

10/24/05 Monday-

Stocks seen higher for Monday's start: |  Look for a neutral-to-positive open.   10/24/05 Monday 9:28a Eastern

 

Stocks rally amid new Fed chief announcement: Stock market rallies amid the nomination of Bernanke as the new Fed chief to replace Greenspan. Major indices rally more than 1.5 percent Monday as Wilma makes landfall and oil prices moved lower. The Barometer bias was upgraded to neutral during the early afternoon model run. The DJIA and S&P 500 ended higher by 1.7 percent, the NASDAQ was higher by 1.6 percent. The forecast now reads NEGATIVE with a neutral bias.   10/24/05 Monday 5:07p Eastern  

 

10/22/05 Weekend-

  

 

10/21/05 Friday-

Neutral open seen for the averages: |  Look for a neutral-to-mixed open.   10/21/05 Friday 9:27a Eastern

 

Indices part company Friday: Indexes part their ways as the DJIA moves lower on Caterpillar and the NASDAQ moves higher with Google- S&P500 flat on the day. The DJIA closed lower by 0.6 percent, the NASDAQ higher on the day by 0.7 percent;  S&P 500 closed Friday flat. The forecast indicates NEGATIVE with a negative bias.   10/21/05 Friday 5:06p Eastern  

 

10/20/05 Thursday-

Weak start seen Thursday: |  Look for a neutral-to-negative open.   10/20/05 Thursday 9:27a Eastern

 

Stocks sell off and the bias was downgraded: We are back to where we were Tuesday;  S&P500 and DJIA give back all of yesterdays gains-  NASDAQ didn't do much better. Nothing changed from yesterday but investors built cash today- see what happens tomorrow. The afternoon model run set the bias back to negative. The DJIA lost 1.3 percent, the S&P500 lost 1.5 percent, and the NASDAQ was lower today by 1.1 percent. The forecast now reads NEGATIVE with a negative bias.   10/20/05 Thursday 5:07p Eastern  

 

10/19/05 Wednesday-

Stocks look to open lower: |  Look for a neutral-to-negative open.   10/19/05 Wednesday 9:26a Eastern

 

Stocks rally-  bias upgraded Wednesday afternoon: Rally in the stock market after spending the morning mostly in negative territory as investors had enough bad news and bid stocks higher. The bias was upgraded in the mid afternoon session in response to positive data-points from the models. The DJIA rose 1.3 percent, the S&P 500 rose 1.5 percent, and the NASDAQ was up by 1.7 percent. The forecast now reads NEGATIVE with a neutral bias.   10/19/05 Wednesday 5:06p Eastern  

 

10/18/05 Tuesday-

Weak open seen for Tuesday: |  Look for a neutral-to-negative open.   10/18/05 Tuesday 9:27a Eastern

 

Inflation fear takes stocks lower Tuesday: Investors move the market lower today on continuing inflation fear helped along by the selling of Exxon Mobil stock-  XOM off by 4+ percent today. The DJIA ended lower by 0.6 percent, the S&P500 was lower by 1 percent, and the NASDAQ was off by 0.7 percent. The forecast continues to indicate NEGATIVE with a negative bias.   10/18/05 Tuesday 5:02p Eastern  

 

10/17/05 Monday-

Cautious open seen for Monday: |  Look for a neutral-to-positive open. Could turn mixed.   10/17/05 Monday 9:28a Eastern

 

Popular averages end positive Monday: Mostly a flat- but positive- day;  Dow rises on GM - Altria news, while the S&P and NASDAQ gained slightly on the day. The DJIA rose 0.6 percent the S&P 500 and NASDAQ rose 0.3 percent. The forecast continues to indicate NEGATIVE with a negative bias.    10/17/05 Monday 5:05p Eastern  

 

10/15/05 Weekend-

  

 

10/14/05 Friday-

Positive start seen for Friday: |  Look for a neutral-to-positive open.   10/14/05 Friday 9:27a Eastern

 

Investors move the indices higher Friday: With CPI and retail sales data in, investors like what they see and bid stocks higher Friday after 2-weeks of mostly negative performance. The DJIA rose 0.7 percent, the S&P 500 rose 0.8 percent, and the NASDAQ rose 0.9 percent. The Market-Barometer?/font> forecast continues to indicate NEGATIVE with a negative forecast-bias. Next week will be important [PPI and other economical data could move investors] to see if today's positive momentum can carry over.  10/14/05 Friday 5:04p Eastern  

 

10/13/05 Thursday-

Lower open seen Thursday: |  Look for a neutral-to-negative open. Could turn mixed.   10/13/05 Thursday 9:28a Eastern

 

NASDAQ has good day, DJIA and S&P500 end flat: Major indexes meander most of Thursday as the Dow 30 and S&P500 end flat while the NASDAQ posts 1/2 percent gain on the day. Inflation is still a major concern for investors;  investors opt to wait on inflation data out tomorrow (CPI) with PPI on deck for Tuesday- both data-points can move markets. The DJIA ended flat, the S&P 500 ended slightly lower by 0.1 percent, but the NASDAQ performed well with a 0.5 percent gain. The Market-Barometer?/font> forecast continues to indicate NEGATIVE with a negative forecast-bias.   10/13/05 Thursday 5:00p Eastern  

 

10/12/05 Wednesday-

Flat start seen for Wednesday: |  Look for a neutral-to-mixed open.   10/12/05 Wednesday 9:26a Eastern

 

Market continues moving lower: Major indexes continue lower Wednesday while oil prices move higher. The DJIA lost 0.4 percent, the S&P 500 lost 0.6 percent, and the NASDAQ moved lower by 1.2 percent. The Market-Barometer?/font> forecast continues to indicate NEGATIVE with a negative forecast-bias.   10/12/05 Wednesday 5:45p Eastern  

 

10/11/05 Tuesday-

Better start seen for the market: |  Look for a neutral-to-positive open.   10/11/05 Tuesday 9:27a Eastern

 

Market indexes end Tuesday mixed:Dow 30 Ind. ends slightly higher on the day, S&P500 slightly lower- NASDAQ underperforms, as investors dump stocks in the heavy populated tech sector. The DJIA was up by 0.1 percent, the S&P500 was down by 0.2 percent-  NASDAQ moved lower by 0.9 percent. The Market-Barometer?/font> forecast continues to indicate NEGATIVE with a negative forecast-bias.   10/11/05 Tuesday 4:55p Eastern  

 

10/10/05 Monday- Columbus Day-

Monday's open looks positive: |  Look for a neutral-to-positive open. Could turn mixed.   10/10/05 Monday 9:24a Eastern

 

Major indexes continue the march lower: Market indices dip in afternoon trading amid news of the Delphi Corp. filing chapter 11 over the weekend;  GM Corp. slides 10 percent; The DJIA was off by 1/2 percent, the S&P500 moved lower by 0.7 percent, and the NASDAQ was down by 0.6 percent. The Market-Barometer?/font> forecast continues to indicate NEGATIVE with a negative forecast-bias.   10/10/05 Monday 5:38p Eastern  

 

10/8/05 Weekend-

  

 

10/7/05 Friday-

Major indexes set to open higher: |  Look for a neutral-to-positive open.   10/7/05 Friday 9:28a Eastern

 

Week ends in up tick: Stock market major indexes advance slightly Friday stopping a 4-day slide. The DJIA rose slightly by 0.1 percent, the S&P 500 had a good session with a 0.4 percent rise, and the NASDAQ was up by 0.3 percent. The forecast indicates NEGATIVE with a negative bias.   10/7/05 Friday 4:48p Eastern  

 

10/6/05 Thursday-

Thursday open seen somewhat positive: |  Look for a neutral-to-positive open;  could turn mixed.   10/6/05 Thursday 9:29a Eastern

 

Stocks try for a comeback: Stocks jump higher in last half hour of trade but still end in negative territory. The DJIA ended lower by 0.3 percent, the S&P500 was off by 0.4 percent, and the NASDAQ lower by 0.9 percent. The forecast indicates NEGATIVE with a negative bias.   10/6/05 Thursday 5:44p Eastern  

 

10/5/05 Wednesday-

Flat to negative start for Wednesday: |  Look for a flat, probably lower open.   10/5/05 Wednesday 9:27a Eastern

 

Wednesday records another negative day: Stocks continue lower Wednesday on building fear of inflation and a slowing economy. The DJIA lost 1.2 percent, the S&P500 lost 1.5 percent, and the NASDAQ hit hard with a 1.7 percent dive. The afternoon Barometer model run set the bias to negative so the forecast now reads NEGATIVE with a negative bias.   10/5/05 Wednesday 4:55p Eastern  

 

10/4/05 Tuesday- Rosh Hashanah-

Flat open seen for Tuesday: |  Look for a neutral, possibly mixed open.   10/4/05 Tuesday 9:28a Eastern

 

Inflation fear and Q3 earnings-- worry investors: Inflation and Q3 earnings worries   get the best of buyers and seller win the day as the major indices fell sharply Tuesday afternoon-  Factory order data and Fed speak help the selling. The DJIA lost 0.9 percent, the S&P500 lost 1 percent, and the NASDAQ moved lower by 0.8 percent. The forecast continues to indicates NEGATIVE with a neutral bias.. .   10/4/05 Tuesday 4:57p Eastern  

 

10/3/05 Monday-

Flat start seen for Monday's open: |  Look for a neutral, possibly mixed open.   10/3/05 Monday 9:27a Eastern

 

Indices meander Monday midday: Popular average continue in mixed fashion midday Monday with the DJIA off by 0.2 percent, the S&P500 off slightly by 0.1 percent, while the NASDAQ moves high by 0.3 percent. The forecast indicates NEGATIVE with a neutral bias.   10/3/05 Monday 11:59a Eastern

 

Market ends flat Monday on strong ISM data: Market dips lower on big manufacturing number but NASDAQ holds above unchanged. The DJIA closes Monday lower by 0.3 percent, the S&P 500 was lower by 0.2 percent while the NASDAQ, off the highs, gained 0.2 percent. The forecast indicates NEGATIVE with a neutral bias.   10/3/05 Monday 4:55p Eastern  

 

10/1/05 Weekend-

 

  

 

9/30/05 Friday-

Last day of Q3;  market looks flat: |  Look for a flat open;  could turn mixed.   9/30/05 Friday 9:24a Eastern

 

Mostly flat day ends positive ahead of Q4: Dow and S&P500 end flat;  NASDAQ jumps higher on last trade day of third-quarter. The DJIA rose by 0.2 percent, the S&P500 slightly higher by 0.1 percent, and the NASDAQ a solid 1/2 percent rise. The forecast indicates NEGATIVE with a neutral bias.   9/30/05 Friday 4:56p Eastern  

 

9/29/05 Thursday-

Another slow start seen Thursday: |  Look for a flat, possibly mixed open.   9/29/05 Thursday 9:25a Eastern

 

Investors position for end of quarter: |  Finally, stocks ramp higher after several days meandering as September-trade closes tomorrow. Strong oil prices but lighter gas prices and other news [GDP 3.3 in Q 2 -  jobless initial claims - and some corporate forecasts]  gets traders to bid stocks higher as the third-quarter comes to an end tomorrow. The DJIA rose by 0.8 percent, the S&P500 rose by 0.9 percent, and the NASDAQ moved higher by 1.2 percent. The forecast reads NEGATIVE with a neutral bias.   9/29/05 Thursday 5:08p Eastern  

 

9/28/05 Wednesday-

Firm open seen for Wednesday: |  Look for a neutral-to-positive open..   9/28/05 Wednesday 9:25a Eastern

 

Wednesday ends like Tuesday- flat: Much like yesterday, stocks go both sides of unchanged and settle flat amid little news [durable goods data - Kodak warns]. The mid afternoon model-run indicated a bias change to neutral;  model data indicated slight improvements in the forecast metrics. The forecast now reads NEGATIVE with a neutral bias. The DJIA and S&P500 ended slightly higher and the NASDAQ ended slightly lower.   9/28/05 Wednesday 5:05p Eastern  

 

9/27/05 Tuesday-

Tuesday's start looks flat: |  Look for a neutral, possibly mixed open.   9/27/05 Tuesday 9:26a Eastern

 

Stocks end flat Tuesday: Stocks meander Tuesday and end flat as consumer confidence fell to 86.6 in September, according to The Conference Board. Not much other news to trade on but a lot of uncertainty [Katrina - Rita, and rate hike - inflation] kept the market quite. The DJIA ended up slightly by 0.1 percent, the NASDAQ ended lower by 0.2 percent, the S&P 500 ended flat. The Barometer forecast indicates NEGATIVE with a negative forecast-bias.   9/27/05 Tuesday 5:02p Eastern  

 

9/26/05 Monday-

Better start seen for this week: |  Look for a positive open.   9/26/05 Monday 9:24a Eastern

 

Stocks continue in positive territory: Major indices run-up early and have trend sideways midday Monday on relief that Rita was somewhat less damaging than first feared. The DJIA is up by 0.6 percent, the S&P 500 up by 0.4 percent, and the NASDAQ up by 1/2 percent. The Barometer forecast, changed last Wednesday, now indicates NEGATIVE with a negative bias.   9/26/05 Monday 12:00p Eastern

 

Popular averages started higher but end neutral: Market ends near flat Monday after starting the day well into positive territory. Storm damage from Rita appears to be minimal for the oil/gas infrastructure but oil and gas continue price moves higher. The DJIA and NASDAQ ended higher by 0.2 percent, the S&P 500 ended flat. The Barometer forecast indicates NEGATIVE with a negative forecast-bias.   9/26/05 Monday 4:59p Eastern  

 

9/24/05 Weekend-

 

 

9/23/05 Friday-

Another weak start seen Friday: |  Look for a neutral, possibly mixed open.   9/23/05 Friday 9:25a Eastern

 

Market ends Friday neutral as investors wait on Rita: Oil slips as Rita weakens, sending the Dow and S&P500  to near unchanged;  NASDAQ gains on the day. The DJIA ends flat, the S&P 500 ended slightly higher by 0.1 percent, the NASDAQ ended higher by 0.3 percent. The Barometer forecast, changed Wednesday, now indicates NEGATIVE with a negative bias.   9/23/05 Friday 4:55p Eastern  

 

9/22/05 Thursday-

Weak start for Thursday: |  Look for a neutral, possibly mixed open.   9/22/05 Thursday 9:23a Eastern

 

Stock market turns around midday Thursday: Stocks make a comeback while Rita continues churning towards the Texas-Louisiana shoreline, downgraded to a cat-4 storm. The DJIA and S&P500 rose 0.4 percent, and the NASDAQ rose 0.2 percent. The Barometer forecast, changed yesterday, now indicates NEGATIVE with a negative bias.   9/22/05 Thursday 4:46p Eastern  

 

9/21/05 Wednesday-

Weak start on Rita concerns: |  Look for a neutral-to-negative open.   9/21/05 Wednesday 9:27a Eastern

 

Stocks down as Rita continues its approach to Texas: Stock major indices moved lower Wednesday morning amid Rita concerns--  now a cat 4 storm--  as she moves into the Central-Gulf, moving to the Central-Texas shore. Oil maintains the mid $60 bbl as oil/gas concerns remain. The DJIA is off by 1/2 percent, the S&P 500 off by 0.4 percent, and the NASDAQ is off by 0.6 percent. The forecast continues to indicate CAUTION with a negative bias. The forecast is subject to downgrade in today's session.   9/21/05 Wednesday 11:40 Eastern

 

Forecast is changing to NEGATIVE: |  Pre close model run indicates a forecast change to NEGATIVE. The change will take place over the close.    9/21/05 Wednesday 3:55p Eastern- updated  

 

9/20/05 Tuesday-

Positive open seen on Fed day: |  Look for a neutral-to-positive open.   9/20/05 Tuesday 9:28a Eastern

 

FOMC meets to decide on rates: Major indexes continue in positive territory as investors await the FOMC rate-hike. The Fed is scheduled to announce their decision at about 2:15 pm Eastern. The DJIA and S&P500 are higher by 0.2 percent, the NASDAQ is up by 1/2 percent. The forecast continues to indicate CAUTION with a negative bias. The forecast is subject to downgrade.   9/20/05 Tuesday 12:21p Eastern

 

One day negative reaction to the Fed: One day negative reaction to the rate increase doesn't mean more negative market days to come--  investors might be encouraged that with all the negative stuff going on [oil/gas prices - Rita on the prowl] the stock market could have sank further than it did. With oil inventory report out tomorrow and better idea where Rita is going, traders and investors could be less negative and send stocks back up Wednesday. Meantime, the DJIA and NASDAQ lost 0.7 percent, the S&P500 was off by 0.8 percent. The forecast continues to indicate CAUTION with a negative bias. The forecast is subject to downgrade in Wednesday's session.   9/20/05 Tuesday 5:43p Eastern  

 

9/19/05 Monday-

Flat start seen Monday: |  Look for a neutral, possibly mixed open.   9/19/05 Monday 9:26a Eastern

 

oil on the move; Rita forecast to enter the Gulf: With Rita on the prowl, traders run oil prices up by better than $3 to $66.35 bbl as investors turn to selling stocks on Fed Eve. With Rita forecast to enter the Gulf, platforms go on alert and investors ready for the Fed tomorrow in hopes that the FOMC will suspend the rate-hike cycle. The DJIA and NASDAQ are off by 0.7 percent, the S&P 500 is off by 1/2 percent. The forecast continues to indicate CAUTION with a negative bias. The Barometer Bug was changed over the weekend to make the display larger and to remove some of the bias filters...   9/19/05 Monday 11:35a Eastern

 

Fed and Rita takes stocks lower: Uncertainty takes the stock market lower Monday on Fed Eve as Rita is expected to enter the Gulf and could reach cat 3 as it aims for Houston's rich oil infrastructure. Big question of the day is, will the FOMC hold rates or continue the rate-hiking cycle tomorrow. The answer will be known Tuesday at about 2:15 pm EST. The DJIA closed lower by 0.8 percent, the S&P500 was off by 0.6 percent, and the NASDAQ ended lower by 0.7 percent. The forecast continues to indicate CAUTION with a negative bias. The forecast is subject to downgrade tomorrow.   9/19/05 Monday 5:05p Eastern  

 

9/17/05 Weekend-

 

Forecast display has changed: The forecast display--  upper left corner--  was upgraded to a larger more readable display. We also discontinued several filter levels from the connection between the models and the bias...   9/17/05 Saturday 2:09p Eastern  

 

9/16/05 Friday-

Positive outlook for Friday: |  Look for a neutral-to-positive open. Chance of turning mixed.   9/16/05 Friday 9:28a Eastern

 

Indexes move higher amid options expiration: Stocks ramp up on options expiration Friday while oil slips as gold and silver continue moving higher. The DJIA and S&P 500 rose 0.8 percent, and the NASDAQ was up by 0.7 percent. The forecast continues to indicate CAUTION with a negative bias.   9/16/05 Friday 4:53p Eastern  

 

9/15/05 Thursday-

Mostly positive open seen for Thursday: |  Look for a neutral-to-positive open. Could turn mixed.   9/15/05 Thursday 9:26a Eastern

 

Indexes meander midday Thursday: Stocks continue to hang close to unchanged, midday Thursday, while the price of oil holds near mid-$60 bbl, amid a surge in jobless claims due to Katrina and consumer prices that edged up 1/2 percent in August, according to a Government report. The DJIA is up 0.2 percent, the S&P500 is higher by 0.3 percent, and the NASDAQ is flat. The forecast continues to indicate CAUTION with a negative bias.   9/15/05 Thursday 11:42a Eastern

 

Stocks meander, traders await the Fed: Jobless initial claims jump and CPI rises 1/2 percent, but traders and investors opt to wait on the Fed next week to see if interest rate-hike might be suspended in view of the unknown factors to the economy from Katrina. Meanwhile, stocks meander and end in mixed mode Thursday with the DJIA and S&P500 slightly higher by 0.1 percent, the NASDAQ was off by 0.2 percent. The forecast continues to indicate CAUTION with a negative bias.   9/15/05 Thursday 5:31p Eastern  

 

9/14/05 Wednesday-

Wednesday's opening comment: |  Look for a neutral, flat open-  could turn mixed.   9/14/05 Wednesday 9:27a Eastern

 

Indices continue flat midday: Stocks continue in mixed mode Wednesday midday amid a decline in retail sales [for August] as reported by the Government this morning. Traders and investors may opt-out for the next several days, as up on deck is the FOMC and rate-hike focus;  could see mostly sideways movement for the rest of the week. The DJIA is slightly higher by 0.1 percent, the S&P500 is up by 0.2 percent, the NASDAQ is slightly lower by 0.1 percent. The forecast continues to indicate CAUTION with a negative bias.   9/14/05 Wednesday 12:25p Eastern

 

Oil up, retail sales and the market move lower: S&P 500 slips while Dow and the NASDAQ dive on higher oil prices and a decline in August retail sales. The DJIA lost 1/2 percent, the NASDAQ 1 percent loss, and the S&P500 lost 0.3 percent. The forecast continues to indicate CAUTION with a negative bias.   9/14/05 Wednesday 5:29p Eastern  

 

9/13/05 Tuesday-

Weak start for equities seen: |  Look for a neutral-to-negative open.   9/13/05 Tuesday 9:25a Eastern

 

Sellers "turn" Tuesday: Retail sector lead stocks lower after PPI shows up tic for producer prices and mild inflation. It was sellers turn today, as stocks moved lower with the DJIA and S&P500 off by 0.8 percent, and the NASDAQ lower by 1/2 percent. The forecast continues to indicate CAUTION with a negative bias.   9/13/05 Tuesday 4:58p Eastern  

 

9/12/05 Monday-

Monday's opening comment: |  Look for a flat-to-mixed open.   9/12/05 Monday 9:24a Eastern

 

Market moves nearly flat: Major indexes tour the flat line Monday midday amid a slew of acquisition news. Oracle announced an agreement to buy Siebel Systems, EBay-Skype deal, and Wachovia - Westcorp help keep things mostly positive. Oil and gas continue to trend lower. The DJIA registers flat, the S&P500 lower by 0.1 percent, and the NASDAQ is up by 0.2 percent. The forecast continues to indicate CAUTION with a negative bias. The bias is subject to change.   9/12/05 Monday 11:54a Eastern

 

Popular averages end mixed Monday: The stock market meanders all day near the unchanged line and ends mixed on a day that saw several acquisitions and deals [Oracle - Siebel, Wachovia - Westcorp, EBay - Skype]. The DJIA ended slightly higher by less than 0.1 percent, the S&P500 ended slightly lower by 0.1 percent, and the NASDAQ was higher by 0.3 percent. The forecast continues to indicate CAUTION with a negative bias. The bias is subject to change.   9/12/05 Monday 5:08p Eastern  

 

9/10/05 Weekend-

 

 

9/9/05 Friday-

Stocks set for flat start: |  Look for a neutral-to-positive open.   9/9/05 Friday 9:26a Eastern

 

Major indices end with a very positive week: Stocks do well this short week with healthy gains. Next week will see the return to full staff for traders and investors ahead of Fed week as rate talk will be the focus- the Fed is scheduled to meet September 20. The DJIA and the S&P 500 rose by 0.8 percent today and the NASDAQ up by 0.4 percent. The forecast continues to indicate CAUTION with a negative bias. The bias is subject to change.   9/9/05 Friday 5:00p Eastern  

 

9/8/05 Thursday-

Lower open seen Thursday: |  Look for a neutral-to-negative open.   9/8/05 Thursday 9:24a Eastern

 

Popular averages move lower Thursday: Socks move lower Thursday on growing fear of a Katrina-related slowing of the economy. The DJIA and S&P500 closed off by 0.4 percent, the NASDAQ was off by 0.3 percent. The forecast continues to indicate CAUTION with a negative bias.   9/8/05 Thursday 5:00p Eastern  

 

9/7/05 Wednesday-

Wednesday's opening comment: |  Look for a neutral, possibly mixed open.   9/7/05 Wednesday 9:26a Eastern

 

Major indexes post gains Wednesday: The DJIA rose 0.4 percent, the S&P500 and NASDAQ rose 0.2 percent. The forecast continues to indicate CAUTION with a negative bias.   9/7/05 Wednesday 5:36p Eastern  

 

9/6/05 Tuesday-

Positive start to shortened week: |  Look for a positive open.   9/6/05 Tuesday 9:24a Eastern

 

Major indexes close Tuesday with substantial gains: The DJIA closed higher by 1.4 percent, the S&P500 was up by 1.3 percent, and the NASDAQ was up by 1.2 percent. The forecast continues to indicate CAUTION with a negative bias.   9/6/05 Tuesday 4:47p Eastern  

 

9/3/05 Weekend- Labor Day- holiday-

 

 

Markets closed: Markets are closed in the U.S. for the Labor Day holiday. The focus all week and continuing today is the Gulf Coast and the devastation from Katrina.   9/5/05 Monday 11:11a Eastern  

 

9/2/05 Friday-

Fridays open looks positive: |  Look for a neutral-to-positive open.   9/2/05 Friday 9:20a Eastern

 

Stock indices end lower Friday but up for the week: Stocks meander the flat line Friday and end slightly lower with the DJIA closing slightly lower by 0.1 percent, the S&P500 and NASDAQ lower by 0.3 percent. U.S. Markets will be closed Monday for the holiday and will reopen for normal session on Tuesday. The forecast indicates CAUTION with a negative bias.   9/2/05 Friday 4:48p Eastern  

 

9/1/05 Thursday-

Flat start to Thursday seen: |  Look for a neutral-to-mixed open.   9/1/05 Thursday 9:27a Eastern

 

Stock market closes mixed Thursday: Stocks end mixed on the first trade of the month. The DJIA and NASDAQ closed lower by 0.2 percent-  the S&P500 ended slightly higher by 0.1 percent. The forecast indicates CAUTION with a negative bias.  9/1/05 Thursday 4:49p Eastern  

 

8/31/05 Wednesday-

Weak start set for Wednesday: |  Look for a flat, possibly mixed open.   8/31/05 Wednesday 9:24a Eastern

 

Stocks meander Wednesday morning: Stock major indexes continue to move along the unchanged-line, while oil holds $69 and gas prices move higher. Trade for the rest of the week likely to be slow [depending on remaining economical data;  nonfarm and ISM-PMI] ahead of the holiday and the return to full staff the following week. The DJIA is off by 0.2 percent, the S&P500 is slightly off by 0.1 percent, the NASDAQ is trading flat. The forecast indicates CAUTION with a negative bias;  bias was changed yesterday prior to the close.   8/31/05 Wednesday 12:31p Eastern

 

Stocks bounce higher in afternoon trade to end August regular session: Market puts on a small rally in afternoon trading to end near the highs off the session, on the last trade of the regular session for August. The DJIA ended up by 0.7 percent, the S&P500 up by 1 percent, and the NASDAQ was higher by 1.1 percent. The forecast indicates CAUTION with a negative bias;  bias was changed yesterday prior to the close.   8/31/05 Wednesday 4:57p Eastern  

 

 

8/30/05 Tuesday-

Market to open lower Tuesday: |  Look for a neutral-to-negative open.   8/30/05 Tuesday 9:27a Eastern

 

Stocks down, oil and gas up: U.S. major indices move lower Tuesday midday while the price of oil pushes past $70. Katrina a focus for investors as they deal with the aftermath while damage assessment continues to worsen. The DJIA was off 0.8 percent, the S&P500 off by 0.6 percent, and the NASDAQ off by 0.7 percent. The Barometer forecast continues to indicate CAUTION with a neutral bias. The bias is subject to further downgrade.   8/30/05 Tuesday 11:55a Eastern

 

Bias changes to negative as S&P500 tests the Barometer 1202 line: |  The forecast-bias is changing to NEGATIVE from neutral. Additional details to come.   8/30/05 Tuesday 3:53p Eastern  

 

8/29/05 Monday-

Stocks set to move lower on oil: |  Look for a negative open.   8/29/05 Monday 9:27a Eastern

 

All eyes on Katrina as it moves onshore near New Orleans: Late morning trade sees the major indices near unchanged, improving from early move lower on oil prices, kicked higher by Katrina. Katrina moved onshore early Monday near New Orleans, with winds near 145 miles per hour, causing major disruptions. The DJIA, S&P500, and NASDAQ are near unchanged. The forecast indicates CAUTION with a neutral bias.   8/29/05 Monday 10:59a Eastern

 

Model probabilities have changed with Katrina: The Barometer models indicate probability of further decline in the S&P500-  below the 1200 line-  has changed to "medium" from "higher" in this mornings model run. The S&P500, intraday, had slipped to just above 1202 in early trade, bouncing back and trending into positive territory midmorning. This change in probabilities makes all three scenarios equally weighted at "medium"...   8/29/05 Monday 1:59p Eastern

 

S&P 500 dips to near 1202, satisfies models: Stocks climb the wall of worry and close with nice gains, after dipping negative early this morning on concerns over Katrina. Ahead of tons of economical data this week, the DJIA and S&P500 closed up by 0.6 percent, the NASDAQ higher by 0.8 percent. The Barometer models had indicated an intraday dip of the S&P500-  to just above 1202. This could indicate a move lower by the S&P500 from current levels, less likely. The Market Memo probabilities were changed. The Barometer forecast continues to indicate CAUTION with a neutral bias.   8/29/05 Monday 5:42p Eastern  

 

8/27/05 Weekend-

 

 

8/26/05 Friday-

Mild start set for Friday: |  Look for a neutral-to-mixed open.   8/26/05 Friday 9:27a Eastern

 

S&P 500 moves closer to 1200 on a weak session: Stock indices move lower amid a disappointing consumer sentiment report and little other relevant news. A vacuum of economical data and low market participation is a somewhat typical late-summer slump. But a slew of important economical datum next week should pick up trading as we move into a busier period for the market in a couple of weeks. The DJIA lost 1/2 percent today, the S&P500 and NASDAQ was lower by 0.6 percent. The forecast indicates CAUTION with a neutral bias.   8/26/05 Friday 4:55p Eastern  

 

8/25/05 Thursday-

Slow start expected Thursday: |  Look for a neutral-to-positive open.   8/25/05 Thursday 9:27a Eastern

 

Stocks maintain positive stance, oil holds $66.: |   Investors nibble Thursday morning sending the popular averages slightly higher as most traders and investors await the economical datum next week;  in the hopper are the FOMC minutes, GDP, PMI reports, and nonfarm payroll-  all next week and sure to give marketers momentum  one way or the other. The Barometer-bias was downgraded yesterday to neutral on model data suggesting an up tic in risk. The DJIA and S&P 500 are slightly higher by 0.2 percent, the NASDAQ higher by 0.3 percent. The Barometer forecast now reads CAUTION with a neutral forecast-bias.   8/25/05 Thursday 11:33a Eastern

 

Stocks and oil close higher Thursday: Stocks meander and close slightly higher as oil sets record close at $67.49 bbl, +0.17. Unless there is market-moving news Friday, look for another slow, near neutral day, as traders and investors opt for major economical data next week. The DJIA and S&P500 closed slightly higher by 0.2 percent, and the NASDAQ was higher by 0.3 percent. The forecast, changed yesterday, now indicates CAUTION with a neutral bias.   8/25/05 Thursday 5:02p Eastern  

 

8/24/05 Wednesday-

Weak start Wednesday: |  Look for a neutral-to-negative open.   8/24/05 Wednesday 9:26a Eastern

 

Stock averages try to hold positive territory: Dow and S&P500 trade near flat, NASDAQ posts higher amid mixed economical data [durable goods - July new home sales] as oil continues to hold $66 bbl. The DJIA and S&P 500 holding close to the unchanged line, the NASDAQ is higher by 0.6 percent. The forecast continues to indicate CAUTION with a positive bias.   8/24/05 Wednesday 1:51p Eastern

 

Media and news alert;  forecast bias change in progress:The forecast-bias is being downgraded to NEUTRAL from positive. Pre close model data and forecast model data indicate a bias change to take place before the close. Further information to come.   8/24/05 Wednesday 3:52p Eastern

 

Stocks down, oil up, equals forecast bias change: Stocks turn south Wednesday afternoon as oil prices spike higher into records territory. Mixed economical datum today took backseat to oil prices, as traders and investors see $70 bbl around the corner. The Barometer forecast-bias was changed to neutral from a long-running positive stance, as model data suggested an increase risk of further move down for the major indexes. The DJIA closed off by 0.8 percent, the S&P500 was off by 0.7 percent, and the NASDAQ was lower by 0.4 percent. The forecast now indicates CAUTION with a neutral bias.   8/24/05 Wednesday 5:42p Eastern  

 

8/23/05 Tuesday-

Weak start for Tuesday's market: |  Look for a flat, possibly mixed open.   8/23/05 Tuesday 9:26a Eastern

 

Stocks end lower Tuesday: Major market indexes ended Tuesday lower on housing data and little other news. The DJIA was lower by 1/2 percent, the S&P 500 was off 0.3 percent, and the NASDAQ off by 0.2 percent. The forecast continues to indicate CAUTION with a positive bias.   8/23/05 Tuesday 4:50p Eastern  

 

8/22/05 Monday-

Major market indexes maintain lift: Stocks make a move higher from the open as oil prices hold $65. At midmorning, the DJIA, S&P 500, and NASDAQ are higher by 0.7 percent. The forecast continues to indicate CAUTION with a positive bias.   8/22/05 Monday 10:23a Eastern

 

Major averages run-up early but end flat: A run-up for the major indexes early this morning loses steam and investors settle for  a slightly positive session. With no economical data today and oil prices threatening to move higher, the stock market ends with a slight gain. The DJIA ended higher by 0.1 percent, the S&P 500 ends up by 0.2 percent, and the NASDAQ was up by 0.3 percent. The forecast continues to indicate CAUTION with a positive bias.   8/22/05 Monday 4:53p Eastern  

 

8/20/05 Weekend-

 

 

8/19/05 Friday-

Stocks and oil set for higher start: |  Look for a neutral-to-positive open.   8/19/05 Friday 9:26a Eastern

 

Major indices end Friday mixed: Oil prices - terrorism - Vioxx judgment takes the steam out of trading as the popular averages end Friday mixed;  DJIA and S&P 500 end slightly positive, and the NASDAQ ended slightly negative. The forecast continues to show CAUTION with a positive bias. 8/19/05 Friday 5:34p Eastern  

 

8/18/05 Thursday-

Thursday opening comment: |  Look for a neutral-to-negative open.   8/18/05 Thursday 9:27a Eastern

 

Stocks nearly flat for the day: Stock indices-  Dow and S&P 500-  go flat for the day, NASDAQ moves lower on a day investors watch oil prices to see where they might go from the low $60's. With no economical data scheduled for tomorrow, Friday could be a neutral to slightly lower day depending on oil prices. The DJIA and S&P500 ended near unchanged, NASDAQ lost 0.4 percent. The Barometer forecast continues to indicate CAUTION with a positive bias;  the bias is subject to change.   8/18/05 Thursday 5:00p Eastern  

 

8/17/05 Wednesday-

Wednesday flat start ahead: |  Look for a neutral flat open.   8/17/05 Wednesday 9:24a Eastern

 

Oil down stocks up Wednesday midday: Strong inflation input has little effect over traders and investors as they move the major indices higher while the price of oil relents. Oil prices are down sharply midday Wednesday while the stock market move higher. The DJIA is up by 1/2 percent, the S&P 500 is higher by 0.3 percent, and the NASDAQ is up by 0.6 percent. The forecast indicates CAUTION with a positive bias- the bias is subject to chnage.   8/17/05 Wednesday 12:17p Eastern

 

Price of oil slides back to test support: Stocks put in a good day but well off the highs of the session-  S&P 500 ends flat. Oil prices get slammed but equities don't take advantage. Could be traders are waiting to see what happens when prices test the low 60 dollar range. PPI data was strong, sparking inflation fear. With jobless claims and money supply data ahead tomorrow and consumer sentiment Friday, will give investors more data to play with. The DJIA and NASDAQ ended higher by 0.4 percent, and the S&P500 ended flat. The forecast continues to indicate CAUTION with a positive bias;  the bias continues to be subject to downgrade.   8/17/05 Wednesday 6:05p Eastern  

 

8/16/05 Tuesday-

Tuesday's open: |  Look for a neutral-to-negative open.   8/16/05 Tuesday 9:27a Eastern

 

Stocks move lower Tuesday morning: Popular averages move lower Tuesday midday amid economical input [CPI and other data] and earnings/outlook. The DJIA was off by 0.8 percent, the S&P500 off by 0.7 percent, and the NASDAQ lower by 0.9 percent. Barometer forecast continues at CAUTION with a positive forecast bias.   8/16/05 Tuesday 12:24p Eastern

 

Tuesday's major indexes move lower: Oil - gas - inflation was the theme today as investors are becoming concerned oil prices could cut into profits and consumers cash. Major indices drop over 1 percent today on CPI reading with PPI on deck for tomorrow. The DJIA closed lower by 1.1 percent, the S&P 500 was lower by 1.2 percent, and the NASDAQ closed off by 1.4 percent. The forecast shows CAUTION with a positive forecast bias;  the bias is subject to downgrade Wednesday.   8/16/05 Tuesday 5:45p Eastern  

 

8/15/05 Monday-

Flat start for Monday seen: |  Look for a neutral-to-negative open.   8/15/05 Monday 9:27a Eastern

 

Stocks go positive midday- momentum turns:Little in market news sees a turnaround midmorning Monday with the major indexes breaking even around noon eastern. At about 1:53, the DJIA was higher by 1/2 percent, the S&P 500 higher by 0.4 percent, and the NASDAQ up by 0.8 percent. The Barometer forecast continues to indicate CAUTION with a positive bias.   8/15/05 Monday 1:53p Eastern

 

Stocks end in positive territory Monday: While investors and traders await inflation data, today's market does an early dip into negative territory and rebounds and becomes positive midday on little news and economical data. CPI and PPI are on deck and could produce volatility tomorrow and Wednesday. Meanwhile, today, the DJIA and S&P 500 ended up by 0.3 percent, and the NASDAQ ended higher by 1/2 percent. The forecast continues to show CAUTION with a positive bias.   8/15/05 Monday 5:02p Eastern  

 

8/13/05 Weekend-

 

 

8/12/05 Friday-

Friday to start out lower: |  Look for a negative open.   8/12/05 Friday 9:25a Eastern

 

The mood on Wall Street was set early on Friday: Oil - trade deficit - airline fears - Dell set the mood for investors, as no one could catch a bid to move stocks up- momentum for the Dow, S&P 500, and NASDAQ were south all day-  investors take profits from yesterdays rally. The DJIA and NASDAQ lost 0.8 percent, and the S&P 500 lost 0.6 percent. The Barometer forecast continues to indicate CAUTION with a positive bias;  the bias is subject to downgrade.   8/12/05 Friday 5:36p Eastern  

 

8/11/05 Thursday-

Stocks set for weak start: |  Look for neutral open.   8/11/05 Thursday 9:24a Eastern

 

Market averages continue to hold gains: Oil continues higher midday, nearing $66 bbl, while the popular averages post gains but off the highs of the morning. Retail sales help sentiment while gold too is advancing in Thursday's session. The DJIA is slightly higher by 0.2 percent;  S&P 500 and NASDAQ up by 0.3 percent. The forecast continues to show CAUTION with a positive bias.   8/11/05 Thursday 12:25p Eastern

 

Late rally takes indexes up nearly 1 percent- oil up too with a record: Last 40 minutes of trade takes the popular averages higher while oil and gold mount an assault. Stocks did well amid retail sales, business inventory, and jobless claims economical reports as investors seek more tomorrow and next week with fresh inflation data. The DJIA ramp higher by 0.9 percent, S&P 500 was higher by 0.7 percent, and the NASDAQ up by 0.8 percent. The forecast continues to indicate CAUTION with a positive bias;  bias is subject to upgrade in Fridays session.   8/11/05 Thursday 5:08p Eastern  

 

8/10/05 Wednesday-

Stocks set to open positive: |  Look for a positive open, NASDAQ could lag.   8/10/05 Wednesday 9:25a Eastern

 

DJIA and S&P500 bounce higher- NASDAQ lags, but positive: Stocks continue the swing higher from yesterdays mute response to the Fed raising rates. The price of oil holds $63 bbl on inventory report while there is little other news to trade on at this hour. The DJIA and S&P500 hold a 0.8 percent gain, and the NASDAQ is higher by 0.4 percent. The forecast continues to indicate CAUTION with a positive bias.   8/10/05 Wednesday 11:26a Eastern

 

Major stock market indexes give-up and slide 1 percent as oil ramps higher: Major indices reported nice gains early in today's session but as oil moved higher [nearly $65 bbl] the popular averages moved lower to end about 1 percent off  the highs. Very little economical input today but tomorrow, jobless claims, business inventory, and retail sales could move trading. The DJIA and S&P 500 ended lower by 0.2 percent, the NASDAQ off by 0.8 percent. The forecast continues at CAUTION with a positive bias.   8/10/05 Wednesday 4:57p Eastern  

 

8/9/05 Tuesday-

Tuesday open- Fed day: |  Look for a positive open.   8/9/05 Tuesday 9:28a Eastern

 

Fed raises target interest rate to 3.5 percent: The Committee believes that, even after this action, the stance of monetary policy remains accommodative-  policy accommodation still measured.   8/9/05 Tuesday 3:39p Eastern

 

Stocks gain slightly on Fed rate-hike: Major indexes ran-up in early morning trade and hung around waiting for the Fed to raise rates. Indexes meandered in afternoon trade to end slightly higher. Wednesdays market could tell us what investors feel about continuing rate-hikes. The Fed statement that accompanied the hike indicates that the Fed will continue hiking rates-  no apparent sign to indicate the end of the hike-cycle. The DJIA ended higher by 0.8 percent, the S&P500 higher by 0.7 percent, and the NASDAQ was up by 1/2 percent. The forecast continues to indicate CAUTION with a positive bias.   8/9/05 Tuesday 5:36p Eastern  

 

8/8/05 Monday-

Monday's opening comment: |  Look for a neutral-to-positive open.   8/8/05 Monday 9:28a Eastern

 

Stocks turn flat, oil ramps up-  ahead of FOMC meeting tomorrow:Oil tops $63. bbl, headed for 64 on production and terrorism concerns while M&A activity picks up [ETrade - Harris Direct]. It is widely expected for the Fed to raise rates to 3.5 percent in tomorrows meeting but investors will want to know if the Fed will hint at a stopping point on hikes-  it is becoming accepted that rate-hike will continue through the year and maybe into 2006. Stocks turn flat as no one is willing to make much of a bet before the Fed statement Tuesday afternoon. The DJIA is flat, S&P500 up slightly by 0.1 percent, and the NASDAQ is down by 0.2 percent. The Barometer forecast continues to indicate CAUTION with a positive bias.    8/8/05 Monday 12:23p Eastern

 

Dow and S&P 500 end nearly flat, while the NASDAQ moved lower-  Fed FOMC on deck: Oil hits record as it nears $64 bbl while stocks meander and end lower ahead of the rate-hike by the FOMC tomorrow. It is expected the Fed target to go to 3.5 percent, but it will be the accompanying statement that the market will focus on. Investors want to know when the hike-cycle will end. Some think not until 2006 when rates could reach 5 percent. The market could get volatile tomorrow afternoon. Meanwhile today, the major indexes [DJIA and S&P 500] ended nearly flat and the NASDAQ ended lower by 0.6 percent. The forecast continues to show CAUTION with a positive bias.   8/8/05 Monday 5:07p Eastern  

 

8/6/05 Weekend-

 

 

8/5/05 Friday-

Friday's market- open: |  Look for a neutral-to-negative open.   8/5/05 Friday 9:26a Eastern

 

Oil runs past $62 and baidu.com runs past 300 percent on debut: Guess no money left for equities as between oil and Wall Street's latest IPO, the broader market couldn't catch much of a bid. Nonfarm jobs data for July started the move lower for stocks this morning and put stress on investors as worries about continuing interest rate-hike fear is at the focus;  jobs-created and hourly-earnings came in above expectations. The DJIA fell 1/2 percent, the S&P 500 was off by 0.8 percent, and the NASDAQ ended off by 0.6 percent. The forecast indicates CAUTION with a positive bias. The bias is subject to downgrade Monday.  8/5/05 Friday 5:51p Eastern  

 

8/4/05 Thursday-

Thursday's market looks weak: |  Look for a negative open.   8/4/05 Thursday 9:26a Eastern

 

Store sales and jobs data set investors to take profits: With mixed retail sales data and an unexpected drop in jobless initials claims, investors take profits while price of oil builds support [oil holding $61 bbl]. Near the lows of the session, the DJIA is off by 0.7 percent, the S&P 500 is lower by 0.6 percent, and the NASDAQ is leading the way [lower] by 1 percent. The forecast continues to indicate CAUTION with a positive bias. The bias is subject downgrade.   8/4/05 Thursday 2:05p Eastern

 

Investor take money ahead of big jobs data tomorrow: Stocks moved lower Thursday ahead of the nonfarm unemployment report that experts say to expect around 180,000 new positions added to the workforce in July. Meanwhile in today's session retail sales and jobless claims got things off on the wrong foot. At the end of the session selling took the averages to near the lows of the day. The DJIA lost 0.8 percent, the S&P 500 lost 0.7 percent, and the NASDAQ lost 1.2 percent. The forecast indicates CAUTION with a positive forecast-bias;  the bias is subject to downgrade, to neutral.   8/4/05 Thursday 4:55p Eastern  

 

8/3/05 Wednesday-

Stocks set to open lower: |  Look for a negative open.   8/3/05 Wednesday 9:25a Eastern

 

Equities slip Wednesday morning amid high oil prices: U.S. stock major indexes moved lower Wednesday morning while the price of oil continues to hold low $60-62 bbl ahead of inventory report. ISM service report and EIA oil inventory input along with earnings sees some profit taking from yesterdays advances. At mid-session the DJIA is slightly lower by 0.1 percent, the S&P500 is flat, and the NASDAQ lower by 0.2 percent. The forecast continues to indicate CAUTION with a positive bias.   8/3/05 Wednesday 11:22a Eastern

 

Equity market ends mixed ahead of jobs input tomorrow and Friday: Oil moved lower as it appears it may try and build a base in the lower $60's. Time Warner posts loss and the 30-year bond is back-  to be issued next year. The DJIA and S&P500 ended slightly higher by 0.1 percent, the NASDAQ lower by 0.1 percent. The Barometer forecast continues to show CAUTION with a positive bias.   8/3/05 Wednesday 4:55p Eastern  

 

8/2/05 Tuesday-

Opening comment: |  Look for a neutral-to-positive open.   8/2/05 Tuesday 9:27a Eastern

 

Wall Street equity investors push the major indexes higher Tuesday: Stocks continue upward on economical input, such as consumer spending, and earnings [Comcast 2-Q profits] while CNOOC pulls Unocal offer. Oil prices are down slightly while traders appear to be building a base in the lower $60's, much like the lower $50 base-building months ago for a possible push higher to the upper $60, maybe $70. The DJIA and S&P500 posting 1/2 percent gain, with the NASDAQ higher by 0.6 percent. The forecast continues to show CAUTION with a positive bias.   8/2/05 Tuesday 11:16a Eastern

 

New forecast suggests sell off is coming: The Market Memo-  a Barometer forecast memo based on models-  suggests a "higher probability" that a sell off is near, could be just around the corner. "The first sell off could occur in early to mid August [S&P500 moving to 1200]."     8/2/05 Tuesday 1:39p Eastern

Stocks make big gains Tuesday, oil too: The stock market is hot with the major averages moving higher while the price of oil moves in the same direction. A new updated memo sees a dip for the S&P500 coming soon. Is this market for real or is this a "sucker's rally"? The Memo suggests three ways the market can go with a dip leading the way. Meanwhile, today's outstanding performance sees the DJIA higher by 0.6 percent, the S&P500 higher by 0.7 percent, and the NASDAQ up by 1 percent. The forecast continues to indicate CAUTION with a positive bias.   8/2/05 Tuesday 5:01p Eastern  

 

8/1/05 Monday-

Opening comment: |  Look for a neutral-to-positive open.   8/1/05 Monday 9:24a Eastern

 

Major stock market indexes mixed Monday morning as U.S. manufacturing continues to expand: |  Major indices continue in neutral territory, midmorning Monday, amid news that U.S. manufacturing continues to expand at 56.6% in July, according to a private economical group-  figures above 50 indicate expansion. The DJIA slightly lower by 0.1 percent, the S&P500 slightly higher by 0.1 percent, and the NASDAQ solidly up by 0.3 percent.   8/1/05 Monday 10:58a Eastern

 

Stock market closed Monday session mixed, as the wait is on for fresh economical input: Stocks meander while oil moves higher [above $61 bbl] in response to King Fahd's death. Procter & Gamble posts a rise in profits and ISM manufacturing report indicates manufacturing continuing to expand. The DJIA closed off by 0.2 percent, the S&P500 slightly higher by 0.1 percent, and the NASDAQ outperformed with a 1/2 percent gain. The forecast continues to show CAUTION with a positive bias.   8/1/05 Monday 4:54p Eastern  

 

7/30/05 Weekend-

 

 

7/29/05 Friday-

Opening comment: |  Look for a neutral possibly mixed open.   7/29/05 Friday 9:27a Eastern

 

The popular average move lower Friday on GDP input: Stocks sagged Friday amid report that inflation continues to be contained while the economy continues hot, but slowing, had traders and investors not as active in buying today, the last trade of the month. The DJIA and NASDAQ ended lower by 0.6 percent, the S&P500 was off by 0.8 percent. The Barometer forecast continues to indicate CAUTION with a positive bias.   7/29/05 Friday 4:52p Eastern  

 

7/28/05 Thursday-

Opening comment: |  Look for a neutral-to-positive open.   7/28/05 Thursday 9:27a Eastern

 

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Market indices bounce off lows, trend up Thursday morning: Exxon Mobil earnings helps investors to trade stocks higher in the morning session while the wait continues for GDP input tomorrow. At midday the DJIA and S&P500 were higher by 0.4 percent while the NASDAQ was up by 0.3 percent. The forecast continues to show CAUTION with a positive bias.   7/28/05 Thursday 12:32p Eastern

 

Another rise for the major indexes ahead of GDP: U.S. stock market puts in another positive day on earnings/outlook input and little other news [little to no bad news is very good news]. All eyes are on GDP input out tomorrow morning that will indicate how the second-quarter is doing;  this is advance estimates of 2Q by the Government. Exxon Mobile and others helped investors send stocks higher with the DJIA, S&P500, and NASDAQ closing higher by 0.6 percent. The forecast continues to indicate CAUTION with a positive bias.   7/28/05 Thursday 5:08p Eastern  

 

7/27/05 Wednesday-

Opening comment: |  Look for a neutral-to-positive open.   7/27/05 Wednesday 9:27a Eastern

 

Stock market lingers: Again today stocks not moving much, nearing midday trade. Durable goods order input and generally good earning and outlook statements hasn't moved bids higher. Investors continue to be content looking for direction. The DJIA slightly higher by 0.1 percent, the S&P 500 is flat, and the NASDAQ lower by 0.2 percent. The forecast continues at CAUTION with a positive bias.   7/27/05 Wednesday 11:48 Eastern

 

Late day push sends indexes higher: The Federal Reserve released the Beige Book summary [unofficial comments by the Fed districts] that inspires buyers late in Wednesday's session. The report indicates the economy continuing to expand while the rate of inflation being contained. That report plus all the good earnings outlook and the Durable goods input sends stocks higher by 1/2 percent. The DJIA, S&P 500, and the NASDAQ rose by 1/2 percent. The forecast continues to show CAUTION with a positive bias.   7/27/05 Wednesday 5:36p Eastern  

 

7/26/05 Tuesday-

Opening comment: |  Look for a neutral-to-mixed open.   7/26/05 Tuesday 9:26a Eastern

 

Stocks meander the unchanged-line Tuesday: Not much movement Tuesday morning with the major indices, as there are plenty of earning to decipher [BP - Texas Instruments - Lockheed - DuPont and others]. Meanwhile, oil prices ramp up [$59.75 bbl, + 0.75] amid a slumping consumer confidence report issued this morning. The DJIA is lower by 0.2 percent, the S&P500 and NASDAQ are slightly higher by 0.1 percent. The forecast continues to show CAUTION with a positive bias.   7/26/05 Tuesday 12:54p Eastern

 

Popular stock indexes end mixed on flat session: With durable goods, oil inventory data, jobless claims, and GDP input outstanding, traders and investors opt to trade on fresh input scheduled for release over the next three-days. Earnings input does little to move bids higher as the market trended sideways Tuesday with the Dow managing a 0.2 percent loss, while the S&P500 gained 0.2 percent on the day;  NASDAQ turned in a 0.4 percent higher move. The forecast continues to show CAUTION with a positive bias.   7/26/05 Tuesday 5:39p Eastern  

 

7/25/05 Monday-

Opening comment: |  Look for a flat, possibly mixed open.   7/25/05 Monday 9:22a Eastern

 

Market major indexes meander the flat-line Monday: U.S. stock market gets off to a slow start Monday as traders may opt for important economical data later this week [GDP - Chicago PMI, and others];  Mixed earnings report today [Bellsouth - Xerox] is less than inspiring to investors thus far in trade;  M&A sees Teva Pharmaceutical to buy Ivax for 7.4 billion;  The DJIA is off slightly by 0.1 percent, the S&P 500 is flat, and the NASDAQ lower by 0.3 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.   7/25/05 Monday 12:30p Eastern

 

US stocks trend lower Monday on slow day: Mixed earnings data today and little other data-points to consider;  traders and investors opt for more input in the form of Durable goods, GDP, and Chicago PMI in addition to more quarterly earnings news. The DJIA moved lower by 1/2 percent, the S&P500 was lower by 0.4 percent, and the NASDAQ was off the mark by 0.6 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.   7/25/05 Monday 4:50p Eastern  

 

7/23/05 Weekend-

 

 

Forecast restatement-correction: |  We inadvertently said the bias is neutral. The forecast bias has been and is still positive. The forecast should have stated, The Market-Barometer?/font> stock market* forecast models indicate CAUTION with a positive forecast-bias going into Monday's open. We regret the error.   7/24/05 Sunday 9:38p Eastern  

 

7/22/05 Friday-

Opening comment: |  Look for a neutral-to-positive open.   7/22/05 Friday 9:21a Eastern

 

Dow and NASDAQ turn positive late- SP500 outperforms with a 1/2 percent move higher Friday: Stocks end positive Friday as London terror continues to hold investors focus. With GDP and Chicago PMI looming next week, traders and investors opt for a near-neutral day. The DJIA ended up by 0.2 percent, the S&P500 ended higher by 1/2 percent, the NASDAQ ended positive by 0.1 percent. The forecast continues to indicate CAUTION with a positive bias;  the forecast is subject to change.   7/22/05 Friday 4:57p Eastern  

 

7/21/05 Thursday-

Opening comment: |  Look for a neutral, possibly mixed open.   7/21/05 Thursday 9:27a Eastern

 

Major indexes continue to trend negative on London explosions: Morning futures were upbeat-   looked like start of a positive market-   but all that turned with word of explosions in London;  Jobless initial claims fell sharply last week by some 34,000 claims;  China made currency change to the Juan and a mixed bag of earnings results keeps stocks underwater at midday;  The DJIA is lower by 0.3 percent, the S&P 500 is lower by 0.4 percent, and the NASDAQ slightly off by 0.1 percent. The forecast indicate CAUTION with a positive forecast-bias;  forecast is subject to change.   7/21/05 Thursday 12:37p Eastern

 

Terror strikes stocks again: From the get-go, traders and investors focused on the London subway explosions and less on other market news [EBay earnings - Allstate outlook - Nokia miss - China devalues Juan by 2%] that kept the major indexes underwater all day. This was supposed to be a day that the Barometer models to measure the session for forecast upgrade, but that will be put-off till Friday-Monday session. The DJIA ended lower by 0.6 percent, the S&P500 lower by 0.7 percent, and the NASDAQ off by 1/2 percent. The forecast indicates CAUTION with a positive bias;  the forecast is subject to upgrade.   7/21/05 Thursday 4:59p Eastern  

 

7/20/05 Wednesday-

Opening comment: |  Look for a neutral-to-negative open.   7/20/05 Wednesday 9:27a Eastern

 

Rate-hikes to continue: Investors are no longer in the dark on interest rates, as the Fed Chief Alan Greenspan says rate increases will continue. Reaction was muted at first by investors but in afternoon trade the major indexes post gains.   7/20/05 Wednesday 3:55 Eastern

 

Stocks make comeback Wednesday after Fedspeak: Major indexes come from negative territory Wednesday to end near the highs of the session amid the FOMC Chief testifying that the economy can sustain growth and that the Fed will continue measured pace. GM's negative news got the market off to a poor start but turned around to end higher-  Thursday will be a test of confidence for investors-  The Barometer forecast continues to indicate CAUTION with a positive bias;  the forecast is subject to upgrade in Thursday's session. The DJIA closed up by 0.4 percent, the S&P500 closed up by 1/2 percent, and the NASDAQ outperformed with a 0.7 percent gain today.   7/20/05 Wednesday 4:46p Eastern  

 

7/19/05 Tuesday-

Opening comment: |  Look for a neutral-to-positive open.   7/19/05 Tuesday 9:27a Eastern

 

IBM sends investors on a buying spree: IBM energizes NASDAQ which leads the broader market to gains Tuesday. Intel's results after the close likely to keep good mood going Wednesday. HP intends to reorganize- and cut jobs-  in an effort to control costs and margins. Ford Motor Company helped with beating earnings expectations. The DJIA and S&P500 closed higher by 0.7 percent, the NASDAQ outperformed with a 1.3 percent gain. The Barometer forecast indicates CAUTION with a positive bias;  the forecast is subject to an upgrade Wednesday.    7/19/05 Tuesday 4:53p Eastern  

 

7/18/05 Monday-

Opening comment: |  Look for a neutral-to-negative open.   7/18/05 Monday 9:27a Eastern

 

Equities move lower Monday;  earnings season begins: Major indices ended in negative territory Monday on Citigroup profit miss- Bank of America earnings ignored for the most part. The DJIA, S&P500, and NASDAQ lost 0.6 percent today. The forecast indicates CAUTION with a positive forecast-bias.   7/18/05 Monday 4:58p Eastern  

 

7/16/05 Weekend-

 

 

7/15/05 Friday-

Opening comment: Look for a neutral open.   7/15/05 Friday 9:27a Eastern

 

Stocks end Friday up with weekly upbeat performance: The major averages turned around and went positive with two-hours left in today's session to end higher, ending an upbeat week for equities. The DJIA and S&P500 ended up slightly by 0.1 percent, the NASDAQ was higher by 0.2 percent. The Barometer forecast indicates CAUTION with a positive bias.   7/15/05 Friday 4:58p Eastern  

 

7/14/05 Thursday-

Opening comment: Look for a positive open.   7/14/05 Thursday 9:22a Eastern

 

Market rallies- oil tanks: Investors delight! All good news [CPI, retail sales - inflation - Apple computer, AMD] has the market higher Thursday while crude oil tanks;  What's wrong with this picture? When everybody gets on the same page, danger lurks. The Barometer indicates CAUTION-  caution should be used over the next couple of sessions. Caution is not a bad thing, it just means be cautious. When everybody expects the market to move higher it is very possible for a move lower;  the DJIA is higher by 0.7 percent, the S&P 500 is higher by 0.3 percent, and the NASDAQ up by 1/2 percent. The forecast continues to indicate CAUTION with a neutral forecast-bias. The bias is subject to upgrade.   7/14/05 Thursday 1:39p Eastern

 

Market alert- Forecast bias is changing to positive: Pre-close models indicate a change to the forecast-bias from neutral to positive. This change to occur prior to the close. Further information to follow. 7/14/05 Thursday 2:43p Eastern

 

Major indexes move higher, broader issues lag:  Good news [CPI inflation data, retail sales - Apple computer, AMD] has the major indices higher Thursday while crude oil moved lower;   The Barometer forecast-bias was changed before the close to positive from neutral. The forecast now indicates CAUTION with a positive forecast-bias. The DJIA ended up by 0.7 percent, the S&P500 ended up by 0.3 percent, and the NASDAQ ended the session higher by 0.4 percent.   7/14/05 Thursday 5:03p Eastern  

 

7/13/05 Wednesday-

Opening comment: Look for a flat-to-mixed open.   7/13/05 Wednesday 9:27a Eastern

 

Equities meander in late trading Wednesday: Stocks continue to meander while traders and investors mull data-points [trade deficit - oil inventory report - Emily];  In other news, Ebbers gets 25 years and shuttle Discovery launch is delayed;  The DJIA is higher  by 0.3 percent, the S&P 500 is flat, and the NASDAQ is slightly off by 0.1 percent. The forecast continues to indicate CAUTION with a neutral forecast-bias.   7/13/05 Wednesday 2:10p Eastern

 

Dow continues swing higher, S&P500 and NASDAQ end with slight gains: Are stocks poised for a summer rally or will the market pullback-  next two days could tell-  a ton of economical data-points tomorrow and Friday with the inflation data key. Today's near flat market was amid trade deficit report and crude oil inventory data, as oil continues to move up on a new storm-  Emily-  that could move into the oil-platform rich Gulf. The DJIA rose 0.4 percent, the S&P500 was slightly higher by 0.1 percent, and the NASDAQ ended flat. The forecast continues to indicate CAUTION with a neutral forecast-bias and is subject to change.   7/13/05 Wednesday 4:58p Eastern  

 

7/12/05 Tuesday-

Opening comment: Look for a flat open Tuesday morning. Could turn mixed.   7/12/05 Tuesday 9:25a Eastern

 

Major indexes end mixed- broader market is doing well: Dow Jones ends slightly lower, other major indices end up for the day. Oil continues higher amid another storm brewing and BP's report of a development platform listing after Dennis went through. No word on what caused the rig to tilt;  rig is not in production, outage shouldn't affect crude oil inventory data-points tomorrow. The DJIA ended off by 0.1 percent, the S&P500 was higher by 0.2 percent, the NASDAQ up by 0.4 percent. The Barometer forecast indicates CAUTION with a neutral forecast-bias.   7/12/05 Tuesday 5:07p Eastern  

 

7/11/05 Monday-

Opening comment: Look for a neutral, possibly mixed open Monday morning.   7/11/05 Monday 9:28a Eastern, republished 10:07

 

No bad news keeps rally alive: Stocks continue the trek higher Monday, after hitting Thursday lows of the day [London terrorist attacks]. Inflation data is ahead [CPI and PPI on Thursday and Friday] later in the week and crude oil continues lower on little storm damage to production units and drilling rigs. The DJIA rose 0.7 percent, the S&P500 rose by 0.6 percent, and the NASDAQ ended higher by 1.1 percent. The Barometer forecast indicates CAUTION with a neutral forecast-bias.;  the bias was changed from positive last Wednesday.   7/11/05 Monday 4:51p Eastern  

 

7/9/05 Weekend-

 

 

7/8/05 Friday-

7/8/05 Friday 9:26a Eastern- Look for a flat open-  could turn mixed.

7/8/05 Friday 4:55p Eastern- U.S. stock market continues Thursdays rally [indices come from deep depressed state on London attacks yesterday] to end better than 1 percent higher today and better than 2.5 [approx.] percent both days from the lows Thursday morning. The DJIA closed up Friday by 1.4 percent, the S&P500 rose 1.2 percent, and the NASDAQ higher by 1.8 percent. The forecast indicates CAUTION with a neutral forecast-bias.  

 

7/7/05 Thursday-

7/7/05 Thursday 9:25a Eastern- Look for a negative open and start.

7/7/05 Thursday 4:55p Eastern- U.S. stocks make a huge comeback in face of waning concerns over the terror attacks in London this morning. All ahead of major economical data tomorrow in the form of payroll data that could indicate strength of the economy. Stock market ends terror-filled news day with gains, the DJIA, S&P 500, and the NASDAQ  rose by 0.3 percent. The forecast bias was downgraded yesterday prior to the close to neutral from positive;  the forecast now indicates CAUTION with a neutral bias.  

 

7/6/05 Wednesday-

7/6/05 Wednesday 9:26a Eastern- Look for a flat possibly mixed open.

7/6/05 Wednesday 3:37p Eastern- Market alert. The pre close models indicate a bias change to NEUTRAL. Further information to come. Bias is being changed prior to the close.

7/6/05 Wednesday 5:37p Eastern- Black gold, Texas tea [crude oil] has broken through $61 bbl on its trek higher, meanwhile, the stock market moves lower, wiping yesterdays gains [S&P500] out. The Barometer forecast bias was changed to NEUTRAL from positive prior to the close today making the forecast indicate CAUTION with a neutral bias. The DJIA lost 1 percent, the S&P 500 lost 0.8 percent, and the NASDAQ lost 1/2 percent. Tomorrows jobless claims and Fridays payroll report could be market movers.  

 

7/5/05 Tuesday-

7/5/05 Tuesday 9:26a Eastern- Look for a neutral-to-negative open.

7/5/05 Tuesday 4:49p Eastern- Market puts in a nice post holiday gain that sees the indices end nearly at the highs of the session;  helping sentiment today was factory orders rising 2.9 percent. Tomorrow ISM data could spur trading;  The DJIA closed up by 0.7 percent, the S&P 500 was higher by 0.9 percent, and the NASDAQ closed with a 1 percent gain. The forecast continues to indicate CAUTION with a positive bias.  

 

7/2/05 Holiday- 4th. of July- Weekend-

7/4/05 Monday 12:17p Eastern- U.S. markets closed Monday, 4th. of July, Independence Day holiday. Markets will reopen Tuesday morning.  

 

7/1/05 Friday-

7/1/05 Friday 9:22a Eastern- Look for a neutral-to-positive open.

7/1/05 Friday 4:50p Eastern- Stocks end flat Friday, first session of the third-quarter, and ahead of a long holiday weekend for U.S. markets as markets will be closed Monday for the July 4th., Independence Day, holiday. The DJIA and S&P500 ended Friday with a 0.3 percent gain, the NASDAQ ended flat. The Barometer forecast continues to indicate CAUTION with a positive bias;  bias is subject to change in Tuesdays session.  

 

6/30/05 Thursday-

6/30/05 Thursday 9:27a Eastern- Look for a neutral-to-positive open.

6/30/05 Thursday 4:56p Eastern- Stock market moves lower Thursday, after the Fed decided on another rate-hike. The market was hoping for a statement, by the Fed, that rate-hikes are close to being done for this cycle, but no such word from the FOMC today. It appears no monetary policy change will be forthcoming and the market now has to deal with more rate-hikes through the rest of the year and probably into 2006. Other economical data [jobless claims - Chicago PMI data] went unnoticed as the Fed overshadowed all other news of the day. The DJIA hit the hardest with a 1 percent loss, the S&P 500 moved lower by 0.7 percent, the NASDAQ was off by 0.6 percent. The Barometer forecast indicates CAUTION with a positive forecast-bias, the bias is subject to change during Fridays session.  

 

6/29/05 Wednesday-

6/29/05 Wednesday 9:27a Eastern- Look for a neutral-to-mixed open.

6/29/05 Wednesday 4:55p Eastern- U.S. stock market ends Wednesday flat as all eyes are on the Federal Reserve. The FOMC is expected to raise the Federal Funds target rate by 25 basis points tomorrow at 2:15 pm EST. More important than short-term interest rates will be the accompanying statement by the FOMC-  traders and investors will parse the statement looking for any hint to policy change-  the market wants to know how much longer will the Fed hike rates. Tomorrow also is the end of the quarter and things could get volatile depending on how things go tomorrow afternoon. The Government said, this morning, that first-quarter GDP rose to 3.8 percent, above the 3.7 estimate-  market reaction overall was muted. The DJIA was lower by 0.3 percent, the S&P 500 and NASDAQ slightly lower by 0.1 percent. The Barometer forecast continues to indicate CAUTION with a positive bias.  

 

6/28/05 Tuesday-

6/28/05 Tuesday 9:28a Eastern- Look for a neutral-to-positive open.

6/28/05 Tuesday 2:43p Eastern- Stocks maintain positive stance in afternoon trading on consumer confidence data and the price of oil [$58.20] while traders and investors await data on the economy [GDP - PMI] and expected rate-hike from the Fed. The DJIA and S&P 500 are higher by 0.8 percent, the NASDAQ higher by 1 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.

6/28/05 Tuesday 4:59p Eastern- Stocks rally Tuesday amid consumer confidence data and tumbling crude oil prices. Traders and investors look forward to more economical data [purchasing index and GDP] as well as the Federal Reserve [The Fed is expected to raise interest rates]. Meanwhile, the DJIA ended with a 1.1 percent gain, the S&P500 was higher by 0.9 percent, and the NASDAQ ended higher by 1.2 percent. The forecast continues to show CAUTION with a positive bias.   [back]

 

6/27/05 Monday-

6/27/05 Monday 9:27a Eastern- Look for a flat open.

6/27/05 Monday 4:50p Eastern- Stock market ends flat- NASDAQ lower by 0.4 percent on a non-directional trade-day as traders and investors await the Fed to hike rates later in the week;  GDP and PMI data out also on the market radar screen. Oil closes above $60 bbl and looks to be moving higher-  EIA oil inventory report is scheduled for Wednesday. The DJIA and S&P 500 closed slightly lower by 0.1 percent, the NASDAQ was lower by 0.4 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.  

 

6/25/05 Weekend-

 

6/24/05 Friday-

6/24/05 Friday 9:24a Eastern- Look for a flat open. Could turn mixed.

6/24/05 Friday 4:59p Eastern- Another 100+ day for the Dow, as oil continues higher, just short of $60 bbl. With growing fear of an economical slowdown and growing concerns that the price of oil could go higher, traders and investors opt to take profits and wait for next week, with GDP and PMI data-points and the FOMC on deck. The DJIA lost 1.2 percent, the S&P 500 and NASDAQ did a little better but lost 0.8 percent. The forecast continues to indicate CAUTION with a positive forecast-bias. The bias is subject to downgrade.  

 

6/23/05 Thursday-

6/23/05 Thursday 9:27a Eastern- Look for a flat, possibly mixed open.

6/23/05 Thursday 4:50p Eastern- Crude oil hits $60 [falls back and closes $59.42 +1.33] stocks dive Thursday with the Dow off by more than 150 points;  China bids late for California Unocal- sparks debate;  existing home sales data and GE to reorganize internally in other news along with Greenspan/Snow comments;  The DJIA lost 1.6 percent, the S&P 500 lost 1.1 percent, and the NASDAQ lost 1 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.   

 

6/22/05 Wednesday-

6/22/05 Wednesday 9:28a Eastern- Look for a positive open.

6/22/05 Wednesday 4:55p Eastern- Stocks continue to meander as crude oil falls to below $59 bbl. Ameritrade to buy TD Waterhouse; very little economical data and being it's summer, little action as traders and investors probably will want to wait for more data points, such as GDP and the PMI reports next week. The DJIA ended slightly lower by 0.1 percent, the S&P 500 ended flat, the NASDAQ ended slightly higher by 0.1 percent. The forecast continues to indicate CAUTION with a positive bias.  

 

6/21/05 Tuesday-

6/21/05 Tuesday 9:27a Eastern- Look for a flat to mixed open.

6/21/05 Tuesday 4:55p Eastern- Stock market ends mixed on little economical data;  oil end Tuesday lower but still on the minds of traders and investors. The DJIA ends slightly lower by 0.1 percent, the S&P500 ended lower by 0.2 percent, the NASDAQ was slightly higher by 0.1 percent. The forecast continues to indicate CAUTION with a positive bias.  

 

6/20/05 Monday-

6/20/05 Monday 9:27a Eastern- Look for a negative open.

6/20/05 Monday 4:55p Eastern- Stocks recover most of the loss for the day and end slightly under the unchanged-line amid driving crude prices. Oil reaches $59 bbl and is headed to $60 amid concerns of producer production limits.  The LEI index was released this morning that indicates a slowdown in the U.S. economy. Not a real positive environment today for stocks as the major indexes indicate;  the DJIA, S&P500, and NASDAQ close slightly lower by 0.1 percent. The Barometer forecast continues to indicate CAUTION with a positive forecast-bias.  

 

6/18/05 Weekend-

 

6/17/05 Friday-

6/17/05 Friday 9:21a Eastern- Look for a positive open.

6/17/05 Friday 4:56p Eastern- Dow 30 and S&P500 close the day with nice gains, NASDAQ ends flat on options expiration session. Oil continues its trek and closes well above $58 bbl. The DJIA rose by 0.4 percent, the S&P500 higher by 1/2 percent, and the NASDAQ ended flat. The forecast continues to indicate CAUTION with a positive bias.  

 

6/16/05 Thursday-

6/16/05 Thursday 9:27a Eastern- Look for a neutral, flat open. Could turn mixed.

6/16/05 Thursday 11:40a Eastern- Market indices meander- NASDAQ higher by 1/2 percent amid mostly neutral economical data [new home construction - housing starts - jobless claims];  oil continues higher breaking into $56. bbl.;  the DJIA is slightly higher by 0.1 percent, the S&P500 higher by 0.3 percent, and the NASDAQ is up by a hefty 1/2 percent. The forecast continues to indicate CAUTION with a positive bias.

6/16/05 Thursday 5:52p Eastern- Stocks do well for a near neutral-looking day. NASDAQ continues to make up lost ground;  still behind for the year, though. Today's mixed economical data [new home construction - housing starts - jobless claims] keeps sentiment neutral to positive with the Philadelphia Fed report showing some concerns- traders and investors will mull that report this evening. The DJIA was up slightly with a 0.1 percent gain, the S&P500 higher by 0.4 percent, the NASDAQ outperformed with a 0.7 percent gain. The forecast continues to show CAUTION with a positive bias.  

 

6/15/05 Wednesday-

6/15/05 Wednesday 9:25a Eastern- Look for a positive open. Could turn mixed.

6/15/05 Wednesday 11:40a Eastern- Initial reaction [futures and opening] to the CPI data was positive, but since early morning trading, stocks have moved into negative territory on building fears that the economy is slowing.;  oil continues its trek higher with the price of oil currently at $56.35 bbl.;  The DJIA and the S&P 500 are lower by 0.3 percent, and the NASDAQ is off by 1/2 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.

6/15/05 Wednesday 5:31p Eastern- A lot of data for investors to mull today [Consumer Price Index - business inventory - EIA oil report - Beige Book], sent socks higher, lower, and back to positive territory. Oil pulled back a little but continues to advance on spec that there will be a shortage later in the year. DJIA and S&P500 closed 0.2 percent higher, the NASDAQ up by 0.3 percent. The forecast continues at CAUTION with a positive bias.  

 

6/14/05 Tuesday-

6/14/05 Tuesday 9:28a Eastern- Look for a flat, possibly mixed open.

6/14/05 Tuesday 11:10a Eastern- Stock market major indices continue in mixed mode in late morning trade, after a mixed series of economical reports [manufacturing prices PPI - retail sales] this morning. Stocks opened flat, trended higher in early trading and since have trended off the highs and now indicate a mixed session prior to the lunch-hour. The DJIA and S&P500 are up by 0.2 percent, the NASDAQ is flat. The Barometer forecast continues to indicate CAUTION with a positive bias.

6/14/05 Tuesday 4:58p Eastern- Equities end nearly flat Tuesday ahead of more economical inflation data, this time in the form of the consumer. The CPI report will be released tomorrow and will shed more light on the inflation question and the rate-hike cycle question. Today the PPI report along with retail sales data didn't stir investors much although the major indexes did end in positive territory. The DJIA ended up by 0.2 percent, the S&P500 ended up 0.3 percent, and the NASDAQ ended flat. The forecast continues to show CAUTION with a positive bias.  

 

6/13/05 Monday-

6/13/05 Monday 9:27a Eastern- Look for a neutral, flat open. Could turn mixed.

6/13/05 Monday 10:43a Eastern- U.S. Stock market starts the week in negative territory but trending positive midmorning, as traders and investors wait on more economical data, specifically inflation data. With PPI data out tomorrow and CPI out Wednesday and a host of other data points [Business inventory - retail sales - jobless data - consumer sentiment and others], stock trading today will probably continue flat. The Dow is slightly higher by 0.1 percent, the S&P500 higher by 0.2 percent, and the NASDAQ higher by 0.4 percent. The forecast continues to indicate CAUTION with a positive bias.

6/13/05 Monday 5:42a Eastern- updated- U.S. Stock market starts the week in negative territory and ends Monday flat, as traders and investors await inflation reports. With PPI data out tomorrow and CPI out Wednesday and a host of other data-points [Business inventory - retail sales - jobless data - consumer sentiment and others], stocks ended flat but in positive territory. The DJIA ended up 0.1 percent, the S&P500 was higher by 0.2 percent, and the NASDAQ was higher by 0.3 percent. The forecast continues to indicate CAUTION with a positive bias.  

 

6/11/05 Weekend-

 

6/10/05 Friday-

6/10/05 Friday 9:27a Eastern- Look for a neutral, flat open. Could turn mixed.

6/10/05 Friday 1:40p Eastern- Slow Friday sees the major market indexes continue to trend lower while the forecast continues to indicate CAUTION;  The DJIA is off by 0.2 percent, the S&P 500 is off by 0.4 percent, and the NASDAQ lower 0.8 percent.

6/10/05 Friday 4:41p Eastern- Dow and S&P500 end Friday mixed-  NASDAQ ends well off the mark. The Barometer forecast continues to indicate CAUTION with a positive forecast-bias;  The DJIA ended slightly higher by 0.1 percent, the S&P 500 was off for the day by 0.2 percent, and the NASDAQ hit the hardest with a 0.7 percent loss.  

 

6/9/05 Thursday-

6/9/05 Thursday 9:27a Eastern- Look for a neutral-to-mixed open.

6/9/05 Thursday 12:12p Eastern- Stock market major indexes turn positive midday while investors and traders continue to parse comments of Fed Chief Alan Greenspan as he testifies before the Congress today.;  Earlier this morning the Government reported a decrease in first time jobless claims last week.;  The DJIA is up by 0.2 percent, the S&P 500 is up by 0.3 percent, and the NASDAQ higher by 0.4 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.

6/9/05 Thursday 4:55p Eastern- Stocks end the session with good gains attributed to "nothing new" with Fed monetary policy;  rate hikes are likely to continue through the year. Current Fed monetary policy will continue until inflation data forces a change;  the next big inflation data point is the PPI and CPI next week. The DJIA ended Fed-day with a 0.3 percent rise, the S&P500 ended higher by 1/2 percent, and the NASDAQ outperformed with a 0.8 percent gain. The forecast continues to show CAUTION with a positive bias.  

 

6/8/05 Wednesday-

6/8/05 Wednesday 9:25a Eastern- Look for a neutral-to-positive open.

6/8/05 Wednesday 10:53a Eastern- Stocks continue higher Wednesday morning with the DJIA higher by 0.4 percent, the S&P 500 up by 0.3 percent, and the NASDAQ higher by 0.2 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.

6/8/05 Wednesday 4:45p Eastern- Stocks end nearly flat for the day after a good start this morning. Slow day-  low volume-  with little in way of economical data and no real market news [White House adjusted GDP and inflation forecast with little effect on the market]. Investors and traders are gearing up for Alan Greenspan testimony tomorrow to get an idea how much longer the rate-hike cycle will continue. Investors and traders will glean out any hint of monetary policy change in his statements-  Greenspan could be a market mover Thursday. The DJIA ended slightly off by 0.1 percent, the S&P500 was off by 0.2 percent, and the NASDAQ lower by 0.3 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.  

 

6/7/05 Tuesday-

6/7/05 Tuesday 9:26a Eastern- Look for a neutral-to-positive open.

6/7/05 Tuesday 10:56a Eastern- Market rallies Tuesday morning with the DJIA posting a 0.9 percent rise, the S&P 500 and NASDAQ higher by 0.8 percent. The forecast continues to indicate CAUTION with a positive forecast-bias;  GM to cut 25,000 jobs;  Alan Greenspan comments last night.

6/7/05 Tuesday 4:50p Eastern- Rally turns south Tuesday afternoon- NASDAQ lost over 1 percent from the high to the end of the session.;  The DJIA ended slightly positive by 0.2 percent, the S&P 500 was flat, and the NASDAQ moved well into negative territory with a 0.4 percent loss. The forecast continues to indicate CAUTION with a positive forecast-bias.  

 

6/6/05 Monday-

6/6/05 Monday 9:28a Eastern- Look for a flat open.

6/6/05 Monday 10:5648a Eastern- Stocks move slightly lower Monday morning amid merger news [Washington Mutual - Providian and ProLogis - Catellus] and oil prices [$54.80 bbl};  The DJIA, S&P 500, and NASDAQ are slightly lower by 0.2 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.

6/6/05 Monday 5:40p Eastern- Slow stock day as the major indices hold close to unchanged all day;  there were no economical data to trade on, but some M&A deals [ProLogis - Catellus and Washington Mutual - Providian] to ponder as the DJIA and S&P500 closed slightly lower by 0.1 percent, the NASDAQ was lower by 0.2 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.  

 

6/4/05 Weekend-

 

6/3/05 Friday-

6/3/05 Friday 9:26a Eastern- Look for a neutral.

6/3/05 Friday 10:09a Eastern- corrected- Look for a neutral open.

6/3/05 Friday 2:33p Eastern- The stock market moves lower Friday after the Government reported only 78,000 new jobs were added to the economy last month, well below economists expectations. Oil jumps higher Friday [$55.05] helping stocks lower. ISM non-manufacturing index moves lower but still suggests services sector is still expanding but at a slower rate. The DJIA was off by 0.8 percent, the S&P500 was off by 0.6 percent, and the NASDAQ lower by 1.1 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.

6/3/05 Friday 4:49p Eastern- The DJIA ended Friday lower by 0.9 percent, the S&P 500 was lower by 0.7 percent, and the NASDAQ lower by 1.3 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.  

 

6/2/05 Thursday-

6/2/05 Thursday 9:26a Eastern- Look for a neutral-to-negative open.

6/2/05 Thursday 1:24p Eastern- Stocks meander Thursday ahead of the jobs report tomorrow;  With a mixed economical picture today, [Factory orders - productivity and cost - first time jobless claims] investors opt to wait for more data in tomorrows jobs report to get an idea if the economy is still on track.;  Also on investors mind are the M&A deals announced today [Sun Microsystems-StorageTek and Ebay-Shopping.com];  The DJIA is slightly lower by 0.1 percent, the NASDAQ is slightly higher by 0.1 percent, and the S&P 500 is flat. The forecast continues to indicate CAUTION with a positive forecast-bias. The forecast continues to be subject to change.

6/2/05 Thursday 4:58p Eastern- Stocks move indifferent to economical data and merger news as traders and investors await the nonfarm payroll jobs report tomorrow morning. The forecast continues to show CAUTION with a positive bias going into Fridays' session;  the forecast is subject to an upgrade during the session.  

 

6/1/05 Wednesday-

6/1/05 Wednesday 9:29a Eastern- Look for a neutral-to-mixed open.

6/1/05 Wednesday 1:41p Eastern- Stocks rallied Wednesday morning on hopes that the Fed rate-hike cycle [short-term interest] is near an end amid a Government report that shows manufacturing slowing but still expanding-  all good news to traders and investors.;  Oil rallies and is closing in on $54. bbl;  The DJIA is higher by 1 percent, the S&P 500 is up by 1.1 percent, and the NASDAQ, up by 1.2 percent. The forecast continues to indicate CAUTION with a positive bias. The forecast is subject to change during Thursday or Friday's session.

6/1/05 Wednesday 6:06p Eastern- updated- Stock market rallied Wednesday on hopes that the Fed rate-hike cycle [short-term interest] is near an end-  good news for investors;  The DJIA closed higher by 0.8 percent, the S&P 500 and NASDAQ closed higher by 0.9 percent. The forecast continues to indicate CAUTION with a positive bias. The forecast could change over the course of the next two sessions as there is a lot of economical data for investors and traders to mull-  data could cause volatility.  

 

5/31/05 Tuesday-

5/31/05 Tuesday 9:28a Eastern- Look for a neutral-to-mixed open.

5/31/05 Tuesday 1:26p Eastern- U.S. stock market moved lower Tuesday morning amid mixed economical data [consumer confidence - Chicago PMI] as the price of oil moves slightly lower;  The DJIA and S&P 500 are off by 1/2 percent, and the NASDAQ lower by 0.3 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.

5/31/05 Tuesday 5:01p Eastern- updated- Stocks end the day on a negative note but higher for the month.;  U.S. stocks moved lower Tuesday amid mixed economical data [consumer confidence - Chicago PMI] while the price of oil ended near $52 bbl;  The DJIA ended lower by 0.7 percent, the S&P 500 off by 0.6 percent, and the NASDAQ was off by 0.4 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.  

 

5/28/05 Memorial Day weekend-

5/30/05 Monday 11:07a Eastern- U.S. markets closed May 30, 2005 for Memorial Day.  

 

5/27/05 Friday-

5/27/05 Friday 9:28a Eastern- Look for a neutral-to-mixed open.

5/27/05 Friday 12:49p Eastern- Stock market major indexes hang near the unchanged-line ahead of long holiday weekend as investors and traders sift through economical data [Consumer spending - personal income - consumer sentiment - oil holds $51 bbl] with little reaction by the market;  The DJIA and S&P 500 are off by 0.1 percent, and the NASDAQ is flat. The forecast continues to indicate CAUTION with a positive forecast-bias.

5/27/05 Friday 4:35p Eastern- Slow day ahead of the holiday weekend as the DJIA and S&P500 closed up 0.1 percent, the NASDAQ up by 0.2 percent. The markets will be close Monday May 30 for Memorial Day. Economic data released today: consumer spending - personal income - consumer sentiment;  oil continues to move higher. The forecast continues to indicate CAUTION with a positive bias.  

 

5/26/05 Thursday-

5/26/05 Thursday 9:23a Eastern- Look for a positive open.

5/26/05 Thursday 11:24a Eastern- Stock market moves higher Thursday morning on positive GDP [economy grows at 3.5%, preliminary] and jobless claims data [claims up 1,000 last week]. The DJIA and S&P 500 are up by 0.6 percent, the NASDAQ higher by 0.8 percent. The forecast continues to indicate CAUTION with a positive bias.

5/26/05 Thursday 4:59p Eastern- Another advance for equities on GDP data. A preliminary reading of 3.5 GDP in the first-quarter was revised higher from the previous 3.1 reading inspired investors to bid stocks higher Thursday ahead of the three day holiday [Memorial Day] weekend. Oil prices and initial jobless claims took a backseat today as the "bulls" latched onto the good news-  follow through will be important over the next couple of sessions-  the Barometer forecast continues to indicate CAUTION with a positive bias. The DJIA rose 0.8 percent, the S&P500 was up by 0.6 percent, and the NASDAQ was higher by 1 percent. Another batch of data in consumer sentiment and personal income on tap tomorrow.  

 

5/25/05 Wednesday-

5/25/05 Wednesday 9:26a Eastern- Look for a neutral-to-negative open. Could turn mixed.

5/25/05 Wednesday 11:11a Eastern- Stocks move lower Wednesday morning amid a report by the Government that orders for new durable-goods rose in April, beating economists expectations. Oil is moving higher and has broke above $50 bbl. Investors, traders, and analysts continue to decipher the May-3 Fed minutes. The DJIA if off by 0.6 percent, the S&P 500 is lower by 1/2 percent, and the NASDAQ is off by 0.8 percent. The Market Barometer stock market forecast continues to show CAUTION with a positive forecast-bias.

5/25/05 Wednesday 2:21p Eastern- updated- Stocks continue to trend slightly lower on light volume while the price of oil trends higher, braking through the $51 bbl range, as investors continue to mull the Fed minutes released yesterday. The DJIA is off by 0.6 percent, the S&P 500 is lower by 1/2 percent, and the NASDAQ off by 0.8 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.

5/25/05 Wednesday 4:52p Eastern- A downer of a day. Investors take pause ahead of GDP data tomorrow- that could move the market depending on any surprises. Low to moderate volume-  kind of indicates investors sidelined today;  why make any big moves ahead of major data points. Oil moves higher and durable goods data gives slight advantage to the asking price. The DJIA ended lower by 0.4 percent, the S&P 500 lower by 0.3 percent, and the NASDAQ lower by 0.6 percent. The forecast continues to indicate CAUTION.   

 

5/24/05 Tuesday-

5/24/05 Tuesday 9:27a Eastern- Look for a neutral-to-negative open.

5/24/05 Tuesday 11:10a Eastern- Stock market major indexes hang just under the unchanged-line as investors and traders await the release of the May Fed meeting minutes. Meanwhile economical data [chain store sales increase - home sales up in April - oil holds $49 bbl] continues to flow with little reaction by the market;  The DJIA is off by 0.2 percent, the S&P 500 is off by 0.1 percent, and the NASDAQ lower by 0.4 percent. The forecast continues to indicate CAUTION with a positive forecast-bias.

5/24/05 Tuesday 4:51p Eastern- Stocks end mixed amid release of the May FOMC meeting minutes-  traders and investors will mull the report-  could see a delayed reaction in Wednesday's session. Meanwhile, besides the Fed minutes, MidAmerican Energy said today they have an agreement to buy PacifiCorp;  In economic news, chain-store sales increased and home sales were up in April, while oil prices end near $49. bbl. The DJIA ended lower by 0.2 percent, the S&P 500 ended flat, while the NASDAQ ended higher by 0.2 percent. The Barometer forecast continues to indicate CAUTION with a positive bias.  

 

5/23/05 Monday-

5/23/05 Monday 9:26a Eastern- Look for a neutral open.

5/23/05 Monday 10:55a Eastern- Stock market major indexes hold close to unchanged Monday morning as traders and investors wait for more economical data, starting with the FOMC release of meeting minutes, GDP, and consumer confidence / sentiment reports;  jobs data and a slew of other data points that can give clues to economic strength;  The DJIA is higher by 0.3 percent, the S&P 500 and NASDAQ are slightly higher by 0.1 percent. The forecast indicates CAUTION with a positive forecast-bias.

5/23/05 Monday 4:55p Eastern- Stocks advance Monday ahead of FOMC meeting minutes to be released tomorrow and ahead of some important economical data [GDP - consumer confidence - store sales - durable goods - jobless data - personal income]. The DJIA and NASDAQ ended up by 1/2 percent, the S&P 500 was higher by 0.4 percent. The forecast, changed last Wednesday, indicates CAUTION with a positive bias. The forecast is subject to change.  

 

5/21/05 Weekend-

 

5/20/05 Friday-

5/20/05 Friday 9:26a Eastern- Look for a neutral- flat open.

5/20/05 Friday 11:22a Eastern- Stocks move lower Friday morning on the absents of economical data and little in way of other news;  U.S. Airways and America West agree to merge and Maytag to be bought by investors and to go private;  stock market to be tame today as investors are looking to fresh economical data and Fed FOMC minutes next week;  The DJIA is lower by 1/2 percent, the S&P 500 is off by 0.4 percent, and the NASDAQ off by 0.3 percent. The forecast indicates CAUTION with a positive forecast-bias.

5/20/05 Friday 4:56p Eastern- Market ends Friday mixed but higher [DJIA 3.3% - S&P500 3.1% - NASDAQ 3.5%] for the week. Investors gear-up for GDP and Fed minutes next week but dealt with U.S. Airways and America West merger;  Maytag buyout plans as well as comments by Alan Greenspan on energy. The DJIA and S&P 500 closed slightly lower by 0.2 percent, the NASDAQ was higher by 0.2 percent. The forecast, changed Wednesday, indicates caution with a positive bias.  

 

5/19/05 Thursday-

5/19/05 Thursday 9:27a Eastern- Look for a neutral-to-positive open.

5/19/05 Thursday 1:34p Eastern- Stocks meander Thursday after big three-day run-up;  The Government reported that jobless initial claims decreased by 20,000 last week and the Leading Economic Indicators lend some evidence to a slowing economy;  Netflix and Wal-Mart announced a DVD movie partnership;  The DJIA is flat, the S&P 500 is up by 0.3 percent, and the NASDAQ higher by 0.4 percent. The forecast, changed yesterday, continues to indicate caution but with a positive forecast-bias.

5/19/05 Thursday 5:05p Eastern- Stocks continue quest as the major indexes post another positive day amid little inflation data and no bad news. Those seeking unemployment last week dropped by 20,000 while the leading economic indicators show a slowing economy. In other news Netflix partners with Wal-Mart in DVD movie deal and the Barometer forecast-bias was changed yesterday to positive. The DJIA closed slightly higher by 0.3 percent, the S&P 500 and NASDAQ closed nearly 1/2 percent higher. The Barometer forecast indicates CAUTION with a positive bias.  

 

5/18/05 Wednesday-

5/18/05 Wednesday 9:24a Eastern- Look for a neutral-to-positive open.

5/18/05 Wednesday 2:31p Eastern- Stocks rally Wednesday after CPI core data [less food and energy] shows virtually no change in April inflation index;  Oil inventory rose more than expected sending oil down into the low $47 bbl range;  The DJIA and NASDAQ are higher by 1.2 percent, the S&P 500 was higher by 0.9 percent. The forecast indicates caution with a neutral forecast-bias;  the forecast-bias is subject to change.

5/18/05 Wednesday 3:23p Eastern- The forecast bias is changing to positive from neutral;  the forecast continues to indicate CAUTION.

5/18/05 Wednesday 4:59p Eastern- Stock market rallies, inflation fear subsides, and the forecast bias is changed to positive. Stocks takeoff early Wednesday on a Government report that shows inflation in April was benign. Later in the day, oil inventory report indicated a buildup of crude which continues to push the price of oil lower, now close to $47. bbl. The forecast-bias is in the process of changing to positive from neutral on sentiment improvement. The DJIA and NASDAQ ended with a 1.3 percent gain, the S&P500 ended higher by 1 percent. The forecast in process of being changed now indicates CAUTION with a POSITIVE bias.

5/18/05 Wednesday 10:01p Eastern- The forecast-bias was changed to positive from neutral before the close today on an improving environment led by less fear of inflation.

 

5/17/05 Tuesday-

5/17/05 Tuesday 9:27a Eastern- Look for a neutral-to-negative open.

5/17/05 Tuesday 11:48a Eastern- Inflation fear [PPI data released this morning] eats-away at sentiment as investors look to consumer price data tomorrow for more inflation signs;  Also in play today are the better than expected housing starts and industrial production [April economical data]-  Home Depot earnings and oil price, gain some attention;  The DJIA and S&P 500 are slightly lower by 0.1 percent, and the NASDAQ is off by 0.3 percent. The forecast continues to indicate caution with a neutral forecast-bias.

5/17/05 Tuesday 4:55p Eastern- Inflation fear abates;  stocks market rallies, day two. Manufacturing index shows an increase in the PPI of 0.6 percent in April [x-food and energy 0.3 percent] well above experts expectations. Tomorrows consumer prices could cement direction of the market. The CPI data comes out before the open, so the futures could give us a heads-up;  indication where the market goes from here. Housing starts and industrial production reports were in play today that saw the indexes somewhat stagnant,  and then rally in afternoon trade. The DJIA rose 0.8 percent, the S&P 500 was up by 0.7 percent, and the NASDAQ was higher by 1/2 percent. The forecast continues to indicate caution with a neutral bias- the forecast is subject to change tomorrow after the open.  

 

5/16/05 Monday-

5/16/05 Monday 9:27a Eastern- Look for a neutral, possibly mixed open.

5/16/05 Monday 11:49a Eastern- Snippet deleted...

5/16/05 Monday 2:36p Eastern- Not much in way of news [UPS to buy Overnite - oil near $48. bbl - Citigroup and Low's also in the news] for trader on Monday, as stocks continue to maintain near the highs of the day. The DJIA and S&P 500 are up by 0.8 percent, the NASDAQ higher by 1/2 percent. The forecast continues to indicate caution with a neutral forecast-bias.

5/16/05 Monday 5:25p Eastern- Oversold condition leads to a positive move [S&P 500 chart] as the indices put in a positive, nearly one-percent, move higher on virtually no news [UPS buys Overnite - Low's earnings - Citigroup];  oil is contained under $50. bbl. The rest of the week could get volatile as inflation data [PPI - CPI] could move investors to either sell or buy, or somewhere in-between. Monday the DJIA and S&P 500 ended higher by 1 percent, the NASDAQ was higher by 0.9 percent. The Market-Barometer forecast continues to indicate caution with a neutral forecast-bias.  

 

5/14/05 Weekend-

 

5/13/05 Friday-

5/13/05 Friday 9:27a Eastern- Look for a neutral, possibly mixed open.

5/13/05 Friday 5:43p Eastern- Dell moves tech stocks (NASDAQ), little other news to help Dow and S&P (DJIA and S&P 500);   The DJIA and S&P 500 moved lower by 1/2 percent, the NASDAQ moved higher by 0.7 percent;   The forecast continues to indicate caution with a neutral forecast-bias.  

 

5/12/05 Thursday-

5/12/05 Thursday 9:29a Eastern- Look for a neutral to possible mixed open.

5/12/05 Thursday 11:24a Eastern- Stock market is mixed midday amid retail sales data that shows sales up 1.4 percent for April while Wal-Mart issues a forecast warning;   in other economical news, jobless claims by workers rose by 4,000 last week;   price of oil continues lower to $49.00 bbl. The DJIA and S&P 500 are slightly lower by 0.1 percent, the NASDAQ slightly higher by 0.2 percent. The Barometer forecast continues to indicate caution with a neutral bias.

5/12/05 Thursday 4:59p Eastern- Stock market ends lower amid strong retail sales data that shows sales up 1.4 percent for April while Wal-Mart issues a forecast warning;   Initial jobless claims rose by 4,000 last week;   E*Trade bids a merger with Ameritrade;  and the price of oil continues lower and breaks $49.00 bbl. The DJIA and S&P 500 lost 1 percent, the NASDAQ moved slightly lower by 0.4 percent. The Barometer forecast continues to indicate caution with a neutral bias.  

 

5/11/05 Wednesday-

5/11/05 Wednesday 9:28a Eastern- Look for a neutral- possibly mixed open.

5/11/05 Wednesday 2:03p Eastern- Stock market maintains negative sentiment Wednesday even though generally good news abides [trade deficit falls - Cisco Systems earnings/guidance];  price of oil moves lower as inventory rose last week, according to a Government report, sending crude down to $50.80 bbl;  the DJIA is lower by 0.2 percent, the S&P 500 is flat, while the NASDAQ is lower by 0.3 percent. The forecast continues to indicate caution with a neutral forecast-bias.

5/11/05 Wednesday 4:55p Eastern- Major market indices sneak back into positive territory as crude oil prices fall on inventory buildup. Cisco Systems helped sentiment with earnings and guidance while the U.S. trade deficit for March falls sharply. The DJIA advances by 0.2 percent, the S&P 500 up by 0.4 percent, and the NASDAQ higher by 1/2 percent. The stock market forecast continues to indicate caution with a neutral bias.  

 

5/10/05 Tuesday-

5/10/05 Tuesday 9:26a Eastern- Look for a negative open.

5/10/05 Tuesday 11:24a Eastern- Stocks move lower Tuesday morning while the price of oil continues higher [$52.80 bbl, + 0.77]. Cisco Systems reports Q3 earnings after the close today;  investors will glean any business outlook statements to gauge how tech spending might play out the remainder of the year. The DJIA is lower by 0.6 percent, the S&P 500 and NASDAQ are lower by 0.7 percent. The forecast indicate caution with a neutral bias.

5/10/05 Tuesday 4:42p Eastern- Slow day ahead of Cisco Systems earnings and guidance this evening;  could be market-mover tomorrow. Stocks move lower Tuesday amid low volume and higher (somewhat higher) oil prices with the DJIA off by 1 percent, the S&P 500 off by 1.1 percent, and the NASDAQ lower on the day by 0.9 percent. The Barometer forecast indicate caution with a neutral forecast.  

 

5/9/05 Monday-

5/9/05 Monday 9:28a Eastern- Look for a neutral open.

5/9/05 Monday 9:29a Eastern- Internet publishing services [network problems] are currently unavailable.

5/9/05 Monday 12:44p Eastern- Network services being restored- website and intranet not affected.

5/9/05 Monday 4:57p Eastern- Stocks run the indices up in the last hour of trade Monday on a slow, but productive day [Duke to merge with Cinergy, and other M&A news]-  traders and investors are looking for direction in form of more economical data later in the week;  of interest now is build-up of business inventory [economical data such as business inventory report out Friday]. The DJIA ended up by 0.4 percent, the S&P 500 and NASDAQ ended higher by 0.6 percent. The forecast indicate CAUTION with a neutral bias.  

 

5/7/05 Weekend-

 

5/6/05 Friday-

5/6/05 Friday 9:27a Eastern- Look for a positive open.

5/6/05 Friday 11:18a Eastern- Stocks stay in positive territory Friday morning on a better than expected job creation report [added 274,000 new jobs - unemployment rate 5.2%];  GE restates 2001-2005 and increases earnings by $381 million;  The DJIA is higher by 0.4 percent, the S&P 500 and NASDAQ are higher by 0.2 percent. The forecast, changed Wednesday, indicates CAUTION with a neutral bias-  bias is subject to changed today.

5/6/05 Friday 4:55p Eastern- Stocks end Friday nearly in neutral after jobs creation report faded from investors mindset-  the only other applicable news is the announcement that GE is restating 2001-2005 earnings. Traders are happy to exit the week with a profit and look forward to next weeks trading. The DJIA ended flat, the S&P 500 ended slightly lower by 0.1 percent, and the NASDAQ ended higher by 0.3 percent. The forecast indicates CAUTION with a neutral bias.  

 

5/5/05 Thursday-

5/5/05 Thursday 9:24a Eastern- Look for a neutral-to-mixed open.

5/5/05 Thursday 11:37a Eastern- Equity investing is slow Thursday on a slow (relatively) news day amid some economical data [First-time jobless claims - productivity/cost report] as traders and investors await inflation data and the nonfarm job creation report;  the blast in New York outside the British Consulate had very little affect on the market;  The DJIA is unchanged, the S&P 500 and the NASDAQ are slightly higher by 0.1 percent. The forecast, changed yesterday before the close, indicates CAUTION with a neutral forecast-bias.

5/5/05 Thursday 4:53p Eastern- GM and Ford cut to junk status by S&P, is blamed for markets dilly-dallying. First time jobless claims and productivity cost report do little for investors as all eyes are on tomorrows nonfarm job creation report-  could give momentum to stocks. The DJIA lost 0.4 percent, and the S&P 500 lost 0.3 percent, the NASDAQ ended flat. The Barometer forecast, changed yesterday, indicates CAUTION with a neutral forecast-bias.  

 

5/4/05 Wednesday-

5/4/05 Wednesday 9:24a Eastern- Look for a neutral-to-positive open.

5/4/05 Wednesday 11:33a Eastern- Day after the Fed raises short-term interest rates, the market reacts positive and advances amid other good news [GM starts the market off - oil inventory report helps] and the ISM-PMI services report that shows the service sector of the economy expanding but slowing down slightly;  The DJIA and the NASDAQ are higher by 0.8 percent, and the S&P 500 higher by 0.7 percent. The forecast continues to indicate negative with a neutral forecast-bias;  the forecast is subject to change.

5/4/05 Wednesday 3:13p Eastern- The forecast is changing to CAUTION from negative. More on this change to follow.

5/4/05 Wednesday 5:05p Eastern- The forecast has changed to CAUTION. Conditions in the market appear to be improving with the majority of the past 10 days being positive.

 

5/3/05 Tuesday-

5/3/05 Tuesday 9:27a Eastern- Look for a neutral-to-negative open.

5/3/05 Tuesday 4:55p Eastern- Fed keeps a measured pace as the FOMC raised short-term interest rates by 25 basis points and appeared not to change monetary policy. Stocks reacted slightly (up and down) to the news and ended the day mixed. Could get a reaction in Wednesday's session after strategists can figure what it all means to equities. Traders and investors might opt to wait on more data such as Nonfarm report coming up Friday [also jobless data Thursday and oil - ISM/PMI services tomorrow]. Meanwhile, the DJIA ended slightly higher by 0.1 percent, the S&P 500 slightly lower by 0.1 percent, and the NASDAQ ended up 0.2 percent. The Barometer forecast continues to indicate negative with a neutral forecast-bias.  

 

5/2/05 Monday-

5/2/05 Monday 9:28a Eastern- Look for a neutral-to-positive open-  could turn mixed.

5/2/05 Monday 11:15a Eastern- Equity market continues positive Monday morning amid lower oil prices [$49.65 bbl] and mixed economical data [manufacturing report - construction spending];  The big story for investors is what will the FOMC say tomorrow with regards to future rate-hikes. It is widely expected that the FOMC will raise the Fed funds target by 25 basis points tomorrow afternoon.;  The DJIA is higher by 1/2 percent, the S&P 500 and NASDAQ are higher by 0.3 percent. The forecast continues to indicate negative with a neutral forecast-bias.

5/2/05 Monday 5:36p Eastern- Stocks make a comeback to end near the highs of the session from a mid afternoon dip amid  low-to-moderate volume and mixed economical data [manufacturing PMI  -  construction spending report];  Qwest hangs up on MCI Verizon and everybody is on hold for the FOMC tomorrow-  it is expected that the Fed target to rise by 25 basis points and that "measured pace" will continue in the Fed statement-  hike and statement is scheduled for 2:15 Eastern Tuesday. The DJIA closed up by 0.6 percent, the S&P 500 was up by 1/2 percent, and the NASDAQ ended higher by 0.4 percent. The forecast continues to indicate negative with a neutral bias.  

 

4/30/05 Weekend-

 

4/29/05 Friday-

4/29/05 Friday 9:25a Eastern- Look for a positive open.

4/29/05 Friday 5:45p Eastern- Major market indexes continue swapping positive/negative sessions for the past two weeks as traders and investors get ready for the FOMC-  to see if they can glean any policy change-  it is widely expected the Fed to raise the Fed funds target by 25 basis point on Tuesday. Meanwhile, the DJIA and S&P 500 closed Friday with a 1.2 percent gain, the NASDAQ was higher by 0.9 percent. The models continue to indicate a negative environment with a neutral bias.  

 

4/28/05 Thursday-

4/28/05 Thursday 9:27a Eastern- Look for a neutral-to-negative open.

4/28/05 Thursday 5:30p Eastern- We continue to alternate-  good day, bad day-  as today's market is negative directly related to continued fear of a slowing economy and inflation picking up. With the FOMC meeting on deck next week, the concern now turns to what will the Fed do. It is expected that the members to hike the target rate by another 25 basis points. Earnings/outlook [Shell - Exxon - Daimler Chrysler - P&G] unable to inspire investors;  the DJIA lost 1.3 percent, the S&P 500 lost 1.1 percent, and the NASDAQ lost 1.4 percent. The Market Barometer forecast continues to indicate negative with a neutral bias.  

 

4/27/05 Wednesday-

4/27/05 Wednesday 9:24a Eastern- Look for a negative open.

4/27/05 Wednesday 2:23p Eastern- Major market indices stair-step higher after the Government reported a buildup of oil inventory;  meanwhile, investors discount economical data [durable goods] that could lend evidence of an economic slow down. The DJIA and S&P 500 are up 1/2 percent, and the NASDAQ higher by 0.2 percent. The forecast continues to indicate negative with a neutral forecast-bias.

4/27/05 Wednesday 5:51p Eastern- Equity investors get upbeat oil inventory report that turns the market around Wednesday morning, helped by the President's oil speech that sends oil prices much lower Wednesday.  Mixed earnings [ConocoPhillips - Boeing - Verizon - Amazon - Colgate-Palmolive] does little for sentiment as investors are more concerned with the future of the economy than past quarters. GDP is on deck with the ISM/PMI reports to follow that will give trading momentum. The DJIA closed up 1/2 percent, the S&P 500 up by 0.4 percent, and the NASDAQ higher by 0.2 percent. The forecast continues to indicate negative with a neutral bias.  

 

4/26/05 Tuesday-

4/26/05 Tuesday 9:28a Eastern- Look for a neutral-to-negative open.

4/26/05 Tuesday 1:18p Eastern- Major stock market indexes move negative Tuesday afternoon amid mixed economical data [consumer confidence - new home sales] and positive earnings [BP - Lockheed - DuPont];  The DJIA is off by 0.3 percent, the S&P 500 is off by 0.2 percent, and the NASDAQ lower by 0.4 percent. The forecast continues to indicate negative with a neutral forecast-bias.

4/26/05 Tuesday 4:55p Eastern- Investors cant shake inflation fear as today's market-cycle is negative. With FOMC meeting coming up [market expects 25 bp rate hike] and GDP data two days away, investors fear the worst and take profits-  question is will tomorrow be a positive day? The DJIA and S&P 500 moved lower by 0.9 percent, the NASDAQ ended lower by 1.2 percent. The forecast continues to indicate negative with a neutral bias.  

 

4/25/05 Monday-

4/25/05 Monday 9:26a Eastern- Look for a positive open.

4/25/05 Monday 4:55p Eastern- The major indices advance Monday as investors bid stocks higher amid an oversold short-term market [S&P 500 chart]. Not much market-moving news [Valero to buy Premcor] for investors to trade on as traders await GDP and other economical data to mull. The DJIA was up by 0.8 percent, the S&P 500 was up by 0.9 percent, and the NASDAQ was higher by 1 percent. The Barometer forecast continues to indicate negative with a neutral forecast-bias.  

 

4/23/05 Weekend-

 

4/22/05 Friday-

4/22/05 Friday 9:26a Eastern- Look for a neutral-to-negative open.

4/22/05 Friday 1:15p Eastern- Stocks slump amid no economical data and little earnings news;  Dow and S&P retreat slightly as NASDAQ moves much lower, giving up nearly half of yesterdays gains;  the DJIA and S&P 500 are off by 0.3 percent, and the NASDAQ is off by 1 percent. The forecast continues to indicate negative with a neutral bias.

4/22/05 Friday 4:58p Eastern- Forecast reiteration:The Market-Barometer?/font> stock market* forecast models continue to indicate negative with a neutral forecast-bias.  *- Dow Jones 30 (DJIA), S&P 500, and the NASDAQ indices.  

 

4/21/05 Thursday-

4/21/05 Thursday 9:27a Eastern- Look for a positive open and start.

4/21/05 Thursday 2:35p Eastern- With less than two-hours to go, stocks continue to rally on, most likely, an oversold market rather than earnings and favorable news of the day. The Barometer models had indicated yesterday that a neutral-to-positive market was indicated today-  if this is a turn in sentiment by investors, there will be follow-through Friday and next week. The DJIA and S&P 500 are higher by 1.7 percent, and the NASDAQ by 2.2 percent. The forecast continues to indicate negative with a neutral bias.

4/21/05 Thursday 5:47p Eastern- Oversold rally Thursday? Next couple of days will tell. But for today, stock indices run-up 2 plus percent on either technical terms or positive earnings/outlook [McDonald's - Motorola - EBay - Nokia] and news from the NYSE that it plans to go public and merge with trading firm Archipelago. Google reports earnings that swamps estimations-  could help Fridays trading. The DJIA swings higher by 2.1 percent, the S&P 500 with a full 2 percent, and the NASDAQ outperforms with a 2.5 percent gain. The Barometer forecast continues to indicate negative with a neutral bias-  forecast is subject to change with Fridays market.  

 

4/20/05 Wednesday-

4/20/05 Wednesday 9:26a Eastern- Look for a neutral-to-slightly positive open. Could turn mixed.

4/20/05 Wednesday 1:30p Eastern- Stocks turn lower in afternoon trade amid new data [CPI core 0.4% increase] suggesting inflation could be a concern;  helping sentiment early in the session was the mostly positive earnings from Intel - Yahoo - Altria;  Recently the DJIA was off by 0.4 percent, the S&P 500 was off by 0.7 percent, and the NASDAQ lower by 0.3 percent. The forecast continues to indicate negative.

4/20/05 Wednesday 5:47p Eastern- updated- Stocks turned lower Wednesday amid new data [CPI core 0.4% increase] suggesting inflation could be a concern, helped later in the session by comments in the beige book about pricing power and consumer spending;  sentiment was OK early in the session that saw mostly positive earnings data from Intel - Yahoo - Altria - Caterpillar;  The DJIA ended off by 1.1 percent, the S&P 500 was off by 1.3 percent, and the NASDAQ lower on the session by 1 percent. The forecast continues to indicate negative. Beware we are due for a neutral or positive day-  that is why the forecast-bias indicates neutral.  

 

4/19/05 Tuesday-

4/19/05 Tuesday 9:27a Eastern- Look for a neutral-to-positive open. Could turn mixed.

4/19/05 Tuesday 1:24p Eastern- Stocks advance Tuesday on better than expected manufacturing (PPI) data as investors await tomorrows CPI report;  Oil rebounds and has reclaimed the $52 bbl mark, while the price of gas had moved lower last week;  The DJIA is higher by 0.4 percent, the S&P 500 higher by 0.3 percent, and the NASDAQ up by 1/2 percent. The forecast continues to indicate negative with a neutral bias.

4/19/05 Tuesday 5:55p Eastern- Stocks advance Tuesday on lessening of inflation fear, thanks in part to the manufacturing report that shows inflation under control-  for now. Market was helped by mostly positive earnings/outlook [Viacom - Texas Instruments - GM - EMC] and another economical report showing new housing starts well off estimates-  possibly indicating a slowing economy. Intel and Yahoo to report could continue the positive momentum tomorrow when investors get another look at inflation through the CPI data. The DJIA ended higher by 0.6 percent, the S&P 500 was higher by 0.6 percent, and the NASDAQ higher by 1 percent. The forecast continues to show a negative environment for the stock market but could change if positive advances continue-  although the S&P 500 chart shows trouble ahead.  

 

4/18/05 Monday-

4/18/05 Monday 9:27a Eastern- Look for a neutral- flat open. Could turn mixed.

4/18/05 Monday 4:55p Eastern- Slow start to the week-  stock indices end flat Monday as traders and investors opt to wait for economical data, such as the PPI and CPI (tomorrow and Wednesday) to get a clearer picture on inflation. The DJIA ended lower by 0.2 percent, the S&P 500 and NASDAQ higher by 0.3 percent. The market forecast continues to indicate negative with a neutral bias.  

 

4/16/05 Weekend-

 

4/15/05 Friday-

4/15/05 Friday 9:25a Eastern- Look for a neutral-to-negative open.

4/15/05 Friday 2:04p Eastern- IBM trumps GE and Citigroup and sends stocks south with the indices reaching the 1 percent level;  Oil stabilizes near $50 bbl, industrial production picks up in March while consumer sentiment moves lower, leaving investors with a mixed view of the economy and corporate profits;  The DJIA is lower by 1 percent, the S&P 500 lower 0.8 percent, and the NASDAQ off by 1.3 percent. The forecast (stuck) continues to indicate a negative environment.  

 

4/14/05 Thursday-

4/14/05 Thursday 9:26a Eastern- Look for a neutral-to-positive open.

4/14/05 Thursday 2:41p Eastern- updated- Stocks move lower Thursday amid mixed economical data [jobless initial claims - business inventories] and good earnings reports [Pepsi - Southwest Airlines - Apple - Scripps];  price of oil dips below 50 early in the session, but has rebounded to $51.15 bbl;  The DJIA is off 0.8 percent, the S&P 500 is off by 0.6 percent, and the NASDAQ lower by 1 percent. The forecast models continues to indicate a negative market environment.

4/14/05 Thursday 5:05p Eastern- Another move lower for stocks as investors fear the economy is slowing. Mixed economical data [jobless initial claims - business inventories] and good earnings reports [Pepsi - Southwest Airlines - Apple - Scripps - McDonald's] can't help stocks as investors are looking out 3 to 6 months from now and see a slow summer- much like last year. Price of oil dipped below 50 early in the session, but had rebounded to above $51 bbl. The DJIA closed off by 1.2 percent, the S&P 500 off by 1 percent, and the NASDAQ lower by 1.4 percent. The forecast models continue to indicate a negative market environment.  

 

4/13/05 Wednesday-

4/13/05 Wednesday 9:28a Eastern- Look for a neutral-to-negative open. Chance the indices could turn positive.

4/13/05 Wednesday 2:37p Eastern- updated- Stocks got off to a modest start but turns negative after retail data shows less than expected retail sales for March;  oil continues its move lower to $50.20 bbl;  The DJIA moves lower by 0.7 percent, the S&P 500 lower by 1 percent, and the NASDAQ lower by 1.3 percent. The forecast continues to indicate negative.

4/13/05 Wednesday 5:05p Eastern- Market gets slammed Wednesday on little news amid light economical data [March retail sales data] while the price of oil continues to slide [now just above $50 bbl]. The DJIA got smacked with a 1 percent loss, the S&P 500 lost 1.1 percent, and the NASDAQ ended lower by 1.6 percent. The forecast continues to show a negative environment.  

 

4/12/05 Tuesday-

4/12/05 Tuesday 9:27a Eastern- Look for a neutral-to-negative open.

4/12/05 Tuesday 1:32p Eastern- Equities move lower Tuesday morning amid a growing trade deficit [deficit between import and export sets record at $61 billion] and little other news;  Stock market and oil prices are in lockstep [$52.60 bbl -1.11];  The DJIA is lower by 0.7 percent, the S&P 500 is lower by 0.8 percent, and the NASDAQ lower by 0.9 percent. The Market Barometer forecast continues to indicate negative.

4/12/05 Tuesday 5:36p Eastern- Stocks rally Tuesday afternoon when the FOMC released minutes of the last rate-hike meeting. At first glance it appears the members are OK with inflation rate and most likely will keep on a 25 basis point hike for the rest of the year- if all other things are equal. Traders and analysts will mull the report this evening-  we will see if this rally can continue or if negative sentiment returns. If the mulling of the reports tuners out OK, then traders and investors will focus on earnings and business outlook and not totally on inflation. In the meantime, the forecast continues to indicate negative, at least until models have a chance to quantify this latest reaction by the market. The DJIA and S&P 500 closed with a 0.6 percent gain, the NASDAQ with a 0.7 percent gain.  

 

4/11/05 Monday-

4/11/05 Monday 9:24a Eastern- Look for a neutral-to-positive open.

4/11/05 Monday 11:30a Eastern- Stocks meander Monday morning as investors await tomorrows release of the FOMC meeting minutes;  Little news and no economical data to focus on as the DJIA and S&P 500 are slightly lower by 0.1 percent, the NASDAQ lower by 0.2 percent. The Barometer forecast indicates negative with a neutral forecast-bias.

4/11/05 Monday 5:40p Eastern- Slow day Monday as investors opt to wait for tomorrows FOMC minutes and economical data. The DJIA closed slightly lower by 0.1 percent, the NASDAQ was off by 0.4 percent, the S&P 500 was flat. The Barometer forecast models indicate a negative environment.  

 

4/9/05 Weekend-

 

4/8/05 Friday-

4/8/05 Friday 9:26a Eastern- Look for a neutral, possibly mixed open.

4/8/05 Friday 11:09a Eastern- updated- Stocks rest Friday morning as the price of oil moves-to and holds $53 bbl range amid no economical data and little other news;  The Barometer forecast-bias was changed yesterday, prior to the close, to neutral from negative on improving conditions;  What is expected to be  a slow day, stocks could drift today as investors await earnings data next week;  The DJIA, S&P 500 and the NASDAQ are slightly lower by 0.3 percent. The Market Barometer forecast now reads negative with a neutral forecast-bias.

4/8/05 Friday 5:14p Eastern- Investors take profits as buying is put on hold for economical data, more earnings data, and Fed FOMC minutes next week. The Barometer forecast-bias was changed to neutral yesterday but the forecast continues to indicate a negative environment for stocks. The DJIA and S&P 500 lost 0.8 percent, the NASDAQ lost 1 percent.  

 

4/7/05 Thursday-

4/7/05 Thursday 9:28a Eastern- Look for a neutral-to-negative open. Could turn mixed.

4/7/05 Thursday 2:19p Eastern- updated- Major market averages move higher as oil prices move lower;   oil, at :19 after, was nearing $54 bbl with the prospect [trend] of moving into the low 50's where there is some support. A hot jobs report and Dell Alcoa good news has buyers bidding stocks higher late Thursday afternoon. Pre-close models will run and a decision will be made to upgrade the forecast-bias prior to the close. The DJIA and S&P 500 are higher by 0.4 percent, the NASDAQ higher by 0.6 percent.

4/7/05 Thursday 3:46p Eastern- The forecast-bias has changed to NEUTRAL from negative. The change will occur over the close. More information to come.

4/7/05 Thursday 7:04p Eastern- Stocks continue the march higher in Thursday's session amid the drop in oil price and upbeat news [Dell's outlook and Alcoa's earnings]. Jobless initial claims data and mixed retail sales reports didn't appear to slow momentum. The Barometer forecast-bias was upgraded to neutral on the continued string of positive market days. The forecast continues to indicate negative but now with a neutral bias. This means the market is still subject to negative sessions but could be offset with additional positive days. Earnings/business outlook and oil movement will be in focus as well as economical data. The DJIA and S&P 500 ended higher by 0.6 percent, while the NASDAQ ended higher by 1 percent.  

 

4/6/05 Wednesday-

4/6/05 Wednesday 9:26a Eastern- Look for a neutral-to-positive open.

4/6/05 Wednesday 12:26p Eastern- updated- Stocks move higher Wednesday as the price of oil is somewhat contained amid traders deciphering the latest Fed speak and EIA reserves report;  Greenspan sees dampening of oil prices and the latest oil inventory report hold prices near $56 bbl;  The DJIA is up by 1/2 percent, the S&P 500 higher by 0.6 percent, and the NASDAQ higher by 0.7 percent. The Barometer forecast indicate negative but is subject to a bias change later in the session.

4/6/05 Wednesday 5:27p Eastern- Closing off the highs of the day, the Dow and S&P indexes close with gains, NASDAQ ends flat. Helped by Greenspan comments on oil supply and short-term outlook, investors saw a chance to drive [stock] prices a little higher as oil got capped by the Fed and [EIA] inventory report. Alcoa reports after the close that should give a bounce in trading Thursday barring no major jobs data [jobless initial claims]  surprise. The Barometer forecast models have not yet indicated a bias change but data indicates an upgrade could occur to the bias Thursday. Meanwhile, the forecast indicates negative and is subject to change. The DJIA closed up by 0.3 percent, the S&P 500 up by 0.2 percent, the NASDAQ closed flat.  

 

4/5/05 Tuesday-

4/5/05 Tuesday 9:25a Eastern- Look for a neutral-to-positive open.

4/5/05 Tuesday 2:21p Eastern-  updated- Stocks continue positive as oil moves lower [$56.25 bbl at :21 past the hour]. In other news, Pfizer announces its plan to save $4 billion on cost cutting measures and Morgan Stanley is said to be planning a spin-off of its Discover credit card unit. The DJIA is higher by 0.2 percent, the S&P 500 is higher by 0.3 percent, and the NASDAQ higher by 0.2 percent. The forecast continues to indicate negative.

4/5/05 Tuesday 5:08p Eastern- Market stays positive all day amid lower oil prices and little news [Pfizer cuts 05 outlook and announces cost cutting program - Morgan Stanley to spin-off Discover] for investors to trade on. With today's positive action the Barometer models show a slight improvement in market conditions and indicate a chance for a forecast-bias change in Wednesdays session. The DJIA and NASDAQ end up by 0.4 percent, the S&P 500 ended with 1/2 percent gain. The Barometer forecast indicates negative;  the bias is subject to change in Wednesday's session.  

 

4/4/05 Monday-

4/4/05 Monday 9:26a Eastern- Look for a neutral, possibly mixed open.

4/4/05 Monday 11:16a Eastern- updated- Stocks continue in negative territory Monday morning as the price of oil continues its advance [currently $57.60 bbl-  was above $58 in early trade];  ChevronTexaco announced this morning its intention to acquire Unocal for 18 billion in stock and cash;  The DJIA and S&P 500 are off by 0.1 percent, and the NASDAQ lower by 0.2 percent. The Barometer forecast continues to indicate negative.

4/4/05 Monday 4:55p Eastern- Stocks move higher in afternoon trade while oil, off the high of the day, settles slightly lower helping the major indexes close higher. Stock market struggles to close above the unchanged-line amid no economical data;  ChevronTexaco to acquire California Unocal Corporation in a stock and cash deal. The DJIA closes up by 0.2 percent, the S&P 500 and NASDAQ end higher by 0.3 percent. The Market Barometer forecast continues to indicate a negative market environment.  

 

4/2/05 Weekend-

 

4/1/05 Friday-

4/1/05 Friday 9:28a Eastern- Look for a positive open.

4/1/05 Friday 11:24a Eastern- updated- Stocks advance early Friday morning after the jobs report shows less than expected job growth in March;  the market trended lower midmorning into negative territory on other economical data [ISM manufacturing report, consumer sentiment, and construction spending] as traders mull all the data. After it's all said and done, it will be important how the market ends today. Meanwhile, at 11:26, the DJIA is lower by 0.3 percent, the S&P 500 is flat, the NASDAQ off by 0.4 percent. The Barometer models continue to indicate a negative market environment but is subject to change, especially if the close is upbeat.  

 

3/31/05 Thursday-

3/31/05 Thursday 9:27a Eastern- Look for a neutral, possibly mixed open.

3/31/05 Thursday 2:47p Eastern- Stocks continue mixed as investors gear up for the job creation report tomorrow [nonfarm jobs report]. Among the economical data released today-  factory orders rise by 0.2 percent;  jobless claims jump by 20,000;  Chicago area purchasing index (PMI data) rises;  consumer income rises by 0.3 percent, and spending was up 1/2 percent in February. The DJIA is flat, the S&P 500 is up by 0.3 percent, and the NASDAQ off by 0.1 percent.

3/31/05 Thursday 5:04p Eastern- Stock market investors wait on job creation data to be released tomorrow that could indicate just how hot the economy is. With inflation-fear on the rise, any data that suggests inflation will get traders attention [inflation has an affect on corporate profits and consumer spending]. Today's economical data [factory orders - jobless claims - income/spending - Chicago PMI data] indicates an economy growing. Investors like that but don't want the economy growing to fast because they fear the Fed will hike rates by 50 basis points, making it harder to borrow money. The DJIA ended lower by 0.4 percent, the S&P 500 ended flat, the NASDAQ was lower by 0.3 percent. The Barometer forecast continues to indicate negative with a negative bias.  

 

3/30/05 Wednesday-

3/30/05 Wednesday 9:26a Eastern- Look for a neutral-to-positive open. Could turn mixed.

3/30/05 Wednesday 2:02p Eastern- Stocks maintain the highs of the session sparked by GDP and oil prices. GDP report shows the economy growing at 3.8 percent in the 4th-quarter 2004 at a rate that investors are comfortable with. Oil off nearly a dollar from early this morning helps maintain sentiment. The DJIA is higher by 1.1 percent, the S&P 500 is higher by 1.2 percent, and the NASDAQ higher by 1.4 percent. Even though we have a rally in progress, the Barometer models continue to indicate a negative environment;  that could change if the market can continue to show positive moves higher in the days to come.

3/30/05 Wednesday 5:02p Eastern- Market rallies on GDP data-  oil moves slightly lower-  in a short term oversold market. AIG delays 10K filling, Mark Hurd named HP CEO is about the only other news of the day for traders and investors to mull. The question is, is this a one or two day rally or something more-  the Barometer models continue to indicate negative;  the forecast is not subject to change this evening but is subject to change in Thursday's session;  watch for a continuation of today's rally.  

 

3/29/05 Tuesday-

3/29/05 Tuesday 9:28a Eastern- Look for a neutral-to-negative open.

3/29/05 Tuesday 10:47a Eastern- Snippet deleted...

3/29/05 Tuesday 2:02p Eastern- Stocks move lower in afternoon trading amid mixed economical report from consumer confidence data as oil settles into the mid 50's-  price of gas rises to $2.15 [average gal]. With less than two-hours to go, the DJIA and S&P 500 are lower by 1/2 percent, the NASDAQ lower by 0.6 percent. The Barometer forecast continues to indicate a negative environment.

3/29/05 Tuesday 4:55p Eastern- AIG and HP unable to help sentiment as the major indexes move lower Tuesday ahead of key economical reports this week [GDP- oil inventory report- PMI- job creation data] as the end of the first-quarter continues to see selling. Oil rebounded slightly today as gas prices continue to climb while consumer confidence dips. The DJIA and S&P 500 moved lower by 0.8 percent, the NASDAQ by 0.9 percent. The Market Barometer forecast continues to show a negative environment.  

 

3/28/05 Monday-

3/28/05 Monday 9:28a Eastern- Look for a neutral-to-positive open.

3/28/05 Monday 5:01p Eastern- Slow day;  stocks get off to a good start and trend lower to close respectable ahead of some major economical data this week [GDP, consumer confidence/sentiment, ISM-PMI data]. Oil moves lower [closes $54.05 -0.79] and Sungard Systems acquisition is about the only financial news for investors after the long three-day weekend. The DJIA ended higher by 0.4 percent, the S&P 500 was higher by 0.2 percent, and the NASDAQ ended slightly higher by 0.1 percent. The forecast continues to indicate a negative environment.  

 

3/25/05 Friday- Good Friday holiday weekend-

3/25/05 Friday 10:51a Eastern- U.S. markets closed for Good Friday holiday. Stock market will open Monday at 9:30a.  

 

3/24/05 Thursday-

3/24/05 Thursday 9:27a Eastern- Look for a neutral-to-positive open.

3/24/05 Thursday 11:50a Eastern- Stocks rebound Thursday morning after GE announces bullish profit outlook, amid economical data [New home sales and durable goods report] but in spite of higher oil and gas prices attributed to the Texas City BP refinery fire yesterday. The DJIA and S&P 500 were higher by 0.2 percent, the NASDAQ higher by 0.4 percent. The Barometer forecast continues to indicate negative.

3/24/05 Thursday 5:05p Eastern- Stock market major indexes move lower in afternoon trading Thursday ahead of a long weekend holiday [Good Friday] as inflation concerns and an aggressive Fed continues to be a focal point. GE upbeat Q1 outlook gave buyers momentum early amid economical data [new home sales and durable goods] but a move higher by oil [oil $54.84 bb] and gas prices put pressure on traders. The DJIA and S&P 500 ended slightly lower by 0.1 percent, the NASDAQ ended flat. The forecast continues to indicate a negative environment.  

 

3/23/05 Wednesday-

3/23/05 Wednesday 9:24a Eastern- Look for a neutral-to-negative open.

3/23/05 Wednesday 11:48a Eastern- The major market indexes hold close to unchanged Wednesday morning as inflation concerns [consumer prices latest data] continue for investors. Oil moves lower amid government report [EIA oil inventory report] as traders take profits. In other economical data, existing home sales fall by 0.4 percent in February. Buyers and sellers mull data to see what direction to take the market later in the session. The DJIA and S&P 500 are slightly lower by 0.1 percent, the NASDAQ trading higher by 0.2 percent. The Barometer forecast continues to indicate negative.

3/23/05 Wednesday 2:42p Eastern- Major indices continue to hold near unchanged as inflation continues to be a focal point-  oil moves lower. With just over an hour to go, the DJIA is flat, the S&P 500 and NASDAQ are higher by 0.2 percent. The Market Barometer forecast continues to show negative and is not subject to change.  

3/23/05 Wednesday 5:10p Eastern- Buyers and sellers were sidelined Wednesday as market action was tame as the major indexes closed flat. With inflation worries still the major focus, stocks meandered as oil moved lower on profit taking amid the EIA reserves report. Consumer prices moved higher in February which kindled inflation fears this morning as existing home sales where off by 0.4 percent. Oil moved much lower on profit taking helped along by a buildup of reserves. The DJIA was off by 0.1 percent, the S&P was up by 0.1 percent, and the NASDAQ ended flat. The forecast continues to indicate negative.  

 

3/22/05 Tuesday-

3/22/05 Tuesday 9:27a Eastern- Look for a neutral, possibly mixed open.

3/22/05 Tuesday 12:30p Eastern- Stocks meander positive as investors await the Fed to raise rates [rate announcement at 2:15 pm], but more importantly, to mull the accompanying announcement for any hint to the next move for interest rates. Inflation rate is a concern for investors because it can cause consumers to reduce spending and corporations to pass on higher prices, or, cut into profits-  or both. The DJIA was up by 0.3 percent, the S&P 500 up by 0.4 percent, and the NASDAQ higher by 0.2 percent. The Barometer forecast continues to indicate negative.

3/22/05 Tuesday 5:39p Eastern- Market sells off on FOMC statement. The Fed raised short-term interest rates by 1/4 point, as expected. The accompanying statement has investors concerned that instead of 25, the Fed might raise rates by 50 basis points in their next meeting, sending rates higher, faster. Uncertainty is enemy number one for investors and any hint like this and forthcoming economical data that suggests inflation rate might be picking up will cause volatility. Was this a one day thing? Just like the upside, follow-through on the downside tomorrow will tell volumes on investor/trader intent. The DJIA and NASDAQ  moved lower today to close off by with 0.9 percent, the S&P 500 ended lower by 1 percent. The Market Barometer forecast continues to indicate negative.  

 

3/21/05 Monday-

3/21/05 Monday 9:27a Eastern- Look for a neutral open.

3/21/05 Monday 11:02a Eastern- Stocks continue last weeks negative sentiment as investors have one eye on the Fed, the other on oil prices. If oil continues higher and maintains a high price, it could affect consumer spending and corporate profits which could lead to an increase in the inflation-rate. If the Fed sees that scenario in the economic data, they most likely will get more aggressive in monetary policy-  they probably would hike rates by 50 basis point-  at this next meeting it is expected only a 25 basis point rise. The Barometer forecast was changed Friday to negative from caution;  the forecast now indicates negative with a negative bias. The DJIA was off by 0.8 percent, the S&P 500 was off by 0.7 percent, and the NASDAQ was lower by 0.6 percent.

3/21/05 Monday 5:12p Eastern- Off the worst levels of the day, the DJIA and S&P 500 end in the red, while the NASDAQ ended flat. With no economical data today and a smidgen of other news [GM to cut jobs, IAC buys Ask Jeeves], all eyes are on the Fed meeting tomorrow to see if chief Alan Greenspan changes rate-hike policy. It is given that the Fed funds target (rate) will increase tomorrow by 25 basis point, but the accompanying statement is of interest to investors for a clue to future rate hikes. The market is liable to be neutral until the statement Tuesday afternoon. The DJIA was lower by 0.6 percent, the S&P 500 lower by 1/2 percent, and the NASDAQ ended flat. The forecast indicates negative with a negative bias.  

 

3/19/05 Weekend- Palm Sunday- First Day of Spring-

 

3/18/05 Friday-

3/18/05 Friday 9:26a Eastern- Look for a neutral-to slightly positive open. Could turn mixed.

3/18/05 Friday 11:31a Eastern- Market gets off to a slow- neutral start Friday on bland economical data [consumer sentiment - import/export data] and  amid quadruple-witching as well as SP indexes changing over to float-adjusted indexing from a weighted approach-  both could add volatility to price and volume. Meanwhile, The DJIA is flat, the S&P 500 is slightly lower by 0.1 percent, and the NASDAQ is lower by 0.2 percent. The forecast indicates caution- the forecast is subject to further downgrade.

3/18/05 Friday 3:05p Eastern- updated- The forecast is changing to NEGATIVE from neutral. The change will take place prior to the close. Additional information to follow...

3/18/05 Friday 10:33p Eastern- Dow and S&P 500 end flat, while the NASDAQ ends lower. The Barometer forecast was changed to negative amid oil, Dollar, and inflation worries. The past 10 trade days saw mostly negative-to-neutral action as the major indexes fall from what some call a double top in the market. Data from the models indicate a high probability that more losses could occur until the market can price in the fact that the Fed could get aggressive in its rate hikes later in the year especially if oil continues to drive higher. The DJIA and S&P 500 end flat, the NASDAQ was lower by 0.4 percent. The Barometer forecast now reads negative with a forecast-bias of negative.  

 

3/17/05 Thursday- St. Patrick's Day-

3/17/05 Thursday 9:24a Eastern- Look for a neutral-to-mixed open.

3/17/05 Thursday 11:33a Eastern- US equities positive but holding close to the unchanged-line as the price of oil moves slightly lower [topped $57 bbl this morning] amid good earnings reports [Goldman Sachs, Morgan Stanley, FedEx] and economical data [jobless first time claims, leading economic indicators]. The DJIA is slightly higher by 0.1 percent, the S&P 500 and NASDAQ higher by 0.3 percent. The Barometer bias was changed yesterday to negative from neutral. The forecast now indicates caution with a negative bias.

3/17/05 Thursday 2:21p Eastern- Stock market major indexes continue to show little movement as oil continues to hold in the $56 bbl range. The DJIA is flat, the S&P 500 and NASDAQ are slightly higher by 0.2 percent.

3/17/05 Thursday 5:49p Eastern- Oil holds $56 bbl, stock indices hold the flat-line. Good economical data [jobless claims and leading economic indicators] and upbeat earnings [Goldman Sachs- Morgan Stanley- FedEx] were unable to inspire buyers to bid stocks higher. The DJIA and NASDAQ ended flat-  the S&P 500 ended slightly higher by 0.2 percent. The Barometer forecast-bias was changed yesterday-  the forecast now indicates caution with a negative bias.  

 

3/16/05 Wednesday-

3/16/05 Wednesday 9:27a Eastern- Look for a negative open and start.

3/16/05 Wednesday 11:55a Eastern- Stocks move lower Wednesday morning on Government oil reserves report and spiking oil [now reaching $56. bbl] amid GM's 1Q and full-year earnings warning and OPEC's announcement to increase production by 2 percent [in a move to stabilize the price of oil]-  separately, Bear Stearns reported record earnings and WorldCom Ebbers is found guilty yesterday in the massive accounting fraud trial. The DJIA was off by 0.8 percent, and the S&P 500 and NASDAQ was lower by 0.6 percent. The Barometer forecast continues to indicate caution and the bias is subject to downgrade with today's session.

3/16/05 Wednesday 2:25p Eastern- Stocks near the lows of the session as investors continue to be concerned over inflation amid the current account deficit and spiking oil-  oil continuing its advance above $56 bbl. With less than two-hours to go, the DJIA is off by 0.8 percent, the S&P 500 off by 0.7 percent, the NASDAQ lower by 0.9 percent.  

3/16/05 Wednesday 3:24p Eastern- Forecasters indicate Barometer models that run prior to the close are triggering a forecast-bias change. The bias will be downgraded to NEGATIVE from neutral over the course of the close. More information to follow...

3/16/05 Wednesday 5:56p Eastern- GM warns [business outlook] on first-quarter and full year earnings-  causes U.S. stock market to sell-off helped by rising oil prices [oil tops $56 bbl] and current account deficit gap that wont go away. OPEC says it will increase production by 2% and Bear Stearns record profit had very little positive affect on sentiment. The Barometer models [pre-close run] triggered a bias change-  the bias is now negative-  the forecast now reads caution with a negative forecast-bias. The DJIA ended 1 percent lower, the S&P 500 was lower by 0.8 percent, and the NASDAQ ended off by 0.9 percent.  

 

3/15/05 Tuesday-

3/15/05 Tuesday 9:27a Eastern- Look for a neutral-to-positive open.

3/15/05 Tuesday 11:31a Eastern- Stocks continue to meander the unchanged-line Tuesday after a positive start amid upbeat retail sales data [February sales rose 1/2 percent] and profit report from Lehman Brothers [Lehman reported quarterly record results]. Fed Chief Greenspan testifies before the Senate on Social Security and oil is content to hang around $55 bbl. The DJIA and S&P 500 are slightly higher by 0.1 percent, the NASDAQ slightly lower by 0.2 percent. The forecast, changed over the weekend, now indicates caution with a neutral forecast-bias.

3/15/05 Tuesday 2:42p Eastern-  Stocks trend lower mid-afternoon Tuesday as the price of oil trends higher [tops $55 bbl]. The DJIA is lower by 0.3 percent, the S&P 500 lower by 1/2 percent, and the NASDAQ is off by 0.7 percent. 

3/15/05 Tuesday 5:20p Eastern- Upbeat retail sales [rose 0.5 percent in February], and bullish earnings [Lehman Brothers posts earnings profit] can't spur investors to bid stocks higher on Tuesday. Inflation concerns, higher oil prices [oil closes above $55 bbl] , and Pentagon anthrax scare gets traders focus. Greenspan on Social Security and WorldCom's Ebbers [accounting fraud trial]  in other news. The DJIA was down by 0.6 percent, the S&P 500 and NASDAQ were down by 0.8 percent. The Barometer forecast indicates caution with a neutral bias.  

 

3/14/05 Monday-

3/14/05 Monday 9:27a Eastern- Look for a neutral-to-positive open.

3/14/05 Monday 11:04a Eastern- Stocks open the week positive but hold close to the unchanged-line as investors are content to await for the weeks economical data. M&A activity [IBM to buy Ascential software, Altria to buy stake in Sampoerna Tbk.] is light today and there is no economical data for marketers to eye. The Barometer forecast-bias was changed over the weekend from positive to neutral. The forecast now indicates caution with a neutral bias. The DJIA was slightly higher by 0.1 percent, the S&P 500 and NASDAQ were up by 0.3 percent.

3/14/05 Monday 1:30p Eastern- Little news and no economical data today keep the stock market major indexes near unchanged. The DJIA and NASDAQ are lower by 0.1 percent, the S&P 500 is flat;  oil 55.00 bbl, +0.57.  

3/14/05 Monday 4:59p Eastern- No market-moving news and no economical data shows up in the indexes as they hovered near unchanged most of the day with a nice spike late in the session. The djia ended higher by 0.3 percent, the S&P 500 was higher by 0.6 percent, and the NASDAQ ended up by 1/2 percent. The bias was changed Saturday to neutral on additional model data suggesting a trading-range market continuing to developing. The forecast now reads caution with a neutral forecast-bias.  

 

3/12/05 Weekend-

3/12/05 Saturday 10:29a Eastern- The forecast models indicate a forecast-bias change. The bias is being downgraded to NEUTRAL from positive. More information to come...

3/12/05 Saturday 12:41p Eastern- The forecast-bias was changed to neutral from positive because of continued weakness in the indices. Model data suggests a possible trading-range market that could last through the summer months-  this is only a possibility at this point. Concerns over oil, the Dollar, and inflation are major stumbling blocks that traders and investors must get past... more...

 

3/11/05 Friday-

3/11/05 Friday 9:28a Eastern- Look for a neutral-to-mixed open.

3/11/05 Friday 11:16a Eastern- U.S. stocks move lower Friday morning on report that shows the trade gap widening in January to 58.3 billion somewhat offset by Intel's upbeat first-quarter outlook-  oil rebounds and is priced at $53.70 bbl-  gold and the Dollar are also in play this morning. The DJIA and S&P 500 are lower by 0.3 percent, the NASDAQ is off by 0.4 percent. The Barometer forecast continues to show caution;  the forecast-bias is subject to change.

3/11/05 Friday 2:08p Eastern- Little news makes for a slow day as investors gear up for the weekend. The DJIA is off by 1/2 percent, the S&P 500 off by 0.6 percent, the NASDAQ is lower by 0.7 percent.  

3/11/05 Friday 5:52p Eastern- We have been experiencing systems failures on our editorial and publishing computers-  we are in  recovery and should be in full production later this evening. The website and facilities have not been directly affected. The forecast has not changed as of this writing-  but the bias is subject to change before the Monday open.

3/11/05 Friday 8:34p Eastern- Trade deficit report [January saw trade gap widen by 58.3 billion] and high oil prices [as well as gold and bond yields] spelled trouble for the equity market Friday as investor's continue to have numerous concerns. The DJIA lost 0.7 percent, the S&P 500 lost 0.8 percent, and the NASDAQ lost 0.9 percent. The models are running late because of computer system problems. The forecast continues to indicate caution and the forecast-bias is subject to change. Any change to the forecast will be posted prior to Monday's open, most likely over the weekend.  

 

3/10/05 Thursday-

3/10/05 Thursday 9:27a Eastern- Look for a neutral-to-positive open.

3/10/05 Thursday 11:39a Eastern- Dow and S&P 500 off slightly while moderate selling continues for the NASDAQ. Somewhat supportive economical data [jobless claims and wholesale inventory] having little positive affect on buyers as negative sentiment continues in the equity markets. Oil is slightly lower but still above $54 bbl and Dollar worries continue. The DJIA is off by 0.1 percent, the S&P 500 is off by 0.3 percent, and the NASDAQ sporting a 0.8 percent loss. The stock market forecast continues to indicate caution-  the forecast-bias is subject to downgrade.

3/10/05 Thursday 2:15p Eastern- Stocks rally off the lows of the session [DJIA by 0.6 percent] on lower trending oil prices as buyers bid equities higher. With less than two-hours to go the DJIA is higher by 1/2 percent, the S&P 500 up by 0.2 percent, the NASDAQ is slightly lower by 0.1 percent. The forecast continues to show caution.

3/10/05 Thursday 5:05p Eastern- Stocks relent gains and end mixed on inflation worries. More talk of inflation has investors concerned as oil's move-lower [lost over 2 percent] couldn't help equities keep gains. Investors worry that if the Fed gets data that indicates inflation is on the way back, they worry that rate hikes could get aggressive with 50 basis point moves instead of the 25 basis point " measured pace" moves of late. Helping the market today was economical data [jobless initial claims and wholesale inventory] and lower priced oil. Helping the market Friday could be the upbeat Intel report [Intel higher in after hours] and trade report, if seen favorably. The DJIA closed up by 0.4 percent, the S&P 500 was up by 0.2 percent, and the NASDAQ ended flat with a loss of 0.1 percent. The forecast continues to indicate caution-  bias is subject to change.   

 

3/9/05 Wednesday-

3/9/05 Wednesday 9:27a Eastern- Look for a neutral-to-negative open.

3/9/05 Wednesday 11:32a Eastern- Stocks meander Wednesday as investors mull the latest EIA oil reserves report. Oil tops $51 bbl and Blockbuster reports a profit in Q-4. Traders and investors probably will hold close to neutral until they get more data-  Jobless claims tomorrow and trade report Friday. The DJIA was slightly off by 0.1 percent, the S&P 500 was slightly off by 0.2 percent, and the NASDAQ was flat. The forecast continues to indicate caution.

3/9/05 Wednesday 5:36p Eastern- Stocks get slammed Wednesday amid higher oil prices and a Government report showing the economy continuing to expand, giving way to fear that the Fed will get more aggressive in rate hikes. Oil continues to trend higher and briefly tops $55 bbl only to move slightly lower to $54.77. The main concern for equity investors continues to be inflation-  even though somewhat in check-  concern that the trend higher [of inflation] is beginning and could cause interest rates to go higher later in the year. With that concern and talk of oil trending to the $60 range-  leaves fear with investors that the Fed will get aggressive in rate hikes causing profit concerns and economic slowdown. The DJIA and S&P 500 closed lower by 1 percent, the NASDAQ lost 0.6 percent. The forecast continues to indicate caution-  the forecast-bias is subject to downgrade.  

 

3/8/05 Tuesday-

3/8/05 Tuesday 9:28a Eastern- Look for a neutral-  flat open.

3/8/05 Tuesday 11:50a Eastern- Stocks cling to the unchanged-line late morning Tuesday on another slow news day. Stocks got off to a lower start on Texas Instruments warning and amid Tenet Healthcare earnings loss-  oil continues in the 53 dollar range. The DJIA is off slightly by 0.1 percent, the S&P 500 is off by 0.3 percent, and the NASDAQ is off by 0.4 percent. The forecast continues to indicate caution with a positive forecast-bias.

3/8/05 Tuesday 5:03p Eastern- As measured by the major indexes, U.S. stocks relent and end lower first started by the Texas Instruments [cuts its outlook] earnings and revenue warning amid the Dollar moving lower [Euro] and oil topped $55 bbl [settles lower at $54.59 +0.70]-  gold adds to the pressure. Tenet Healthcare reported a large loss and there was no good news to help buyers bid stock higher. The DJIA ended slightly lower by 0.2 percent, the S&P 500 was lower by 1/2 percent, and the NASDAQ was off by 0.8 percent. The forecast continues to show caution with a positive forecast-bias.  

 

3/7/05 Monday-

3/7/05 Monday 9:28a Eastern- Look for a neutral-to-mixed open.

3/7/05 Monday 11:15a Eastern- Stock market opens positive Monday and remains that way throughout the morning on little news [Boeing CEO resign, Capital One buys Hibernia] for investors to trade on. Oil maintains $53 bbl and gold slips slightly. The djia is up by 0.2 percent, the S&P 500 up by 0.4 percent, and the NASDAQ is outperforming with a 1.2 percent gain. The forecast indicates caution with a positive forecast-bias;  the bias was changed Friday afternoon.

3/7/05 Monday 4:56p Eastern- Very slow news day [Martha goes home and back to work, Capital One acquires Hibernia, Boeing relieves CEO of his job];  mixed close with NASDAQ regaining lost ground[ + 1%], S&P 500 ending slightly higher [+0.3%], while the DJIA ended flat-  oil continues above $53 bbl. The Barometer forecast indicates caution with a positive forecast-bias.  

 

3/5/05 Weekend-

 

3/4/05 Friday-

3/4/05 Friday 9:28a Eastern- Look for a positive open and start.

3/4/05 Friday 11:16a Eastern- Stocks surge in early morning trade, Friday, on better than expected jobs report from the Government. According to the report, 262,000 new jobs were added to the economy in February [economists had expected a lower number] with the unemployment rate increasing to 5.4 percent from 5.2. Off the best levels of the morning, the DJIA was higher by 0.6 percent, the S&P 500 higher by 0.7 percent, and the NASDAQ was up by 1/2 percent. The Barometer forecast continues to indicate caution with a forecast-bias of neutral-  the bias is subject to change with today's session.

3/4/05 Friday 2:34p Eastern- Midday Barometer model run indicates a change to the forecast-bias. The bias is being changed to POSITIVE from neutral. We will have more on this later....

3/4/05 Friday 4:55p Eastern- Stocks rally Friday in direct response to a jump in jobs data for February-  corporations create 262,000 new jobs to the economy-  causing investors to run stocks up even though off the highs of the day;  the major indexes ended substantially higher. Oil continues to move higher with the fear that it could counter further stock advances if the price continues higher-  $60 bbl range. With today's rally, the Barometer forecast-bias was upgraded to positive from neutral with forecasters noting that follow-through will be important next week and that CAUTION is still the forecast. The DJIA and S&P 500 ended with 1 percent gains, the NASDAQ lagged with a 0.6 percent gain on the day.  

 

3/3/05 Thursday-

3/3/05 Thursday 9:26a Eastern- Look for a neutral-to-positive open.

3/3/05 Thursday 11:46a Eastern- Stocks continue moving lower midday Thursday as oil continues higher [$53.68 bbl] amid economical data [mostly positive- Feb. retail sales, productivity/cost report, jobless claims, and ISM services data]. The indices continuing to move lower with the NASDAQ leading the way. The DJIA and S&P 500 are within 0.1 percent of flat and the NASDAQ much lower by 0.6 percent. The Barometer stock market forecast continues to indicate caution.

3/3/05 Thursday 5:15p Eastern- Mixed close Thursday ahead of the payroll report [investors could react to job creation report] scheduled for release Friday at 8:30 am Eastern. Oil takes center stage once again as the price per barrel toped $55 but settled back to close at $53.57 +0.52. Several economic reports [February retail sales, productivity cost report, jobless initial claims data, and ISM services index] were accredited in helping the broader market close positive, while the NASDAQ continues to have trouble. The DJIA gained 0.2 percent, the S&P 500 closed flat, the NASDAQ lower by 0.4 percent. The forecast continues to indicate caution with a neutral bias going into Friday's open. The forecast-bias is subject to change and could be dependent on reaction to the jobs report.  

 

3/2/05 Wednesday-

3/2/05 Wednesday 9:26a Eastern- Look for a negative open.

3/2/05 Wednesday 11:03a Eastern- Stocks open lower, reverse direction to advances towards the unchanged-line late morning Wednesday. Fed chief Greenspan testifies before the House Budget Committee today on the economy, Social Security, and the deficit. Oil moves higher, tops $52 bbl as gold meanders slightly lower. The DJIA and NASDAQ are off by 0.4 percent, the S&P 500 is lower by 0.3 percent. The forecast continues to indicate caution with a neutral bias-  Models indicate a see-saw market-  up one day, down the next, generating sideways movement of the major indexes. The bias continues to be subject to change.

3/2/05 Wednesday 5:00p Eastern- Oil takes center stage with a spike above $53 bbl after the Government reported mostly in line reserves/inventory. Stocks started the day lower but gathered steam during Greenspan testimony [to the House Budget Committee] only to see it all disappear when oil began advancing. With little other news to trade on, investors hold out for Friday when payrolls [nonfarm job creation] report gives us a better picture of the labor market;  preview tomorrow when initial jobless claims is reported. Meanwhile, the DJIA and NASDAQ ended lower by 0.2 percent, the S&P 500 was flat. The forecast continues to indicate caution with a neutral bias-  the bias continues to be subject to change.  

 

3/1/05 Tuesday-

3/1/05 Tuesday 9:28a Eastern- Look for a neutral-to-positive open.

3/1/05 Tuesday 11:08a Eastern- Equities start the new month higher, helped by a weaker than expected manufacturing report from ISM-  U.S. manufacturing still expanding but growth is slowing-  A strong construction spending report is also in play Tuesday morning, as is the upgrades to Johnson & Johnson and Intel. Gold and oil moving lower. The DJIA and S&P 500 are higher by 0.6 percent, the NASDAQ higher by 0.8 percent. The Barometer forecast continues to indicate caution with a forecast-bias of neutral-  this configuration, if maintained, indicates a trading-range developing. Get more information on the U.S. stock market forecast by clicking this link.

3/1/05 Tuesday 5:04p Eastern- See-Saw market ends today positive-  tomorrow? An upgrade to semiconductor group and inflation tamed, somewhat, by an expanding but slowing manufacturing [ISM PMI report] is attributed to today's gains. GM and Ford saw sales decline while Toyota gains in February. Gold and oil slightly lower. The Dow 30 and S&P 500 ended higher by 0.6 percent, the NASDAQ was higher by 1 percent. The Market Barometer stock market forecast continues to indicate caution with a neutral forecast-bias and is subject to change.  

 

2/28/05 Monday-

2/28/05 Monday 9:24a Eastern- Look for a neutral-to-negative open.

2/28/05 Monday 11:10a Eastern- Stocks open lower Monday as investors sift through the latest economical data [personal income- spending, new home sales data, and the Chicago PMI report]-  oil higher, trending north of $51 bbl. Gold moves higher and traders mule the latest deflator data [inflation concerns]. The DJIA lower by 0.3 percent, the S&P 500 lower by 0.2 percent, and the NASDAQ is off by 0.1 percent. The Barometer market forecast continues to indicate caution with a neutral forecast-bias. The bias is subject to change.

2/28/05 Monday 5:35p Eastern- Selling starts the week-  ends the month. Inflation fear grips investors as economical data [personal income-spending, Chicago PMI, and new home sales] suggests inflation could kick-up and cause the Fed to get aggressive in future rate hikes-  oil and gold continue higher. Helping to put a damper on things is the halt of the drug Tysabri by Biogen and Elan [stock get hammered]. More M&A activity [Federated seals 11 billion deal with May stores] helped to offset the move lower by the major indexes. The DJIA and NASDAQ end lower by 0.7 percent, the S&P lower by 0.6 percent. The forecast continues to indicate caution with a neutral bias- no change is expected this evening.  

 

2/26/05 Weekend-

2/26/05 Saturday 1:05 Eastern- The forecast-bias [major market indexes] did not change last evening. Data from the models indicate a possible trading-range developing. See forecasters notes for more about the decision not to change the forecast.

 

2/25/05 Friday-

2/25/05 Friday 9:27a Eastern- Look for a neutral-  flat open. Could turn mixed.

2/25/05 Friday 11:31a Eastern- Slow start for the stock market Friday as investors maul the latest Government report that shows the economy stronger than expected [preliminary Q4 2004 results] with the GDP reading of 3.8 vs. 3.1 expected. Oil continues to hang around $51 bbl as earnings reports [H&R Block, Clear Channel, MCI] continue. Also in the news is the downgrade of Google and Yahoo. The DJIA is up by 0.4 percent, the S&P 500 up by 1/2 percent, the NASDAQ also higher by 0.2 percent;  search-engine stocks holding tech back. The forecast indicates caution with a neutral bias-  the bias is subject to an upgrade.

2/25/05 Friday 4:59p Eastern- Day three-  GDP inspired rally gets a late start but ends with a bang. Big news of the day is a Government report showing the economy growing at a 3.8 percent rate in the fourth-quarter, 2004, well above expectations. Other news in play were the earnings reports [H&R Block, Clear Channel, and MCI] and Goggle-Yahoo (downgrades) and Exxon (upgrade). Oil continues to hold near $51 bbl, and gold ramps up. Barometer models will run this evening to see if we get a bias upgrade. Afternoon model run suggests the S&P 500 (and the DJIA) could be entering a trading-range that could last for several months or more. Meanwhile, the forecast indicates caution with a neutral forecast-bias;  bias is subject to upgrade. The DJIA and S&P 500 closed Friday with a 0.9 percent gain, the NASDAQ higher by 0.7 percent.  

 

2/24/05 Thursday-

2/24/05 Thursday 9:25a Eastern- Look for a neutral, flat open. Could turn mixed.

2/24/05 Thursday 11:15a Eastern- Stocks are mixed in late morning trade Thursday as investors file through economic data [durable goods and jobless claims] and the Governments oil inventory report [oil moving lower to 50.95 bbl]. Earnings are also in play with Viacom, Nestles, Staples, and others reporting this morning. The DJIA and S&P 500 are flat-  the NASDAQ is off slightly by 0.1 percent. The forecast indicates caution with a neutral bias.

2/24/05 Thursday 5:38p Eastern- Stock market in rally mode Thursday as the price of oil continues above $51 bbl. With mostly positive earnings data continuing [Nestles, Staples, Fidelity (private), and Viacom], traders and investors could be seeing the latest economical data [durable goods (factory orders) and jobless initial claims] as good news rather than 'economically' bad news. With consumer inflation tame and the economy showing some signs of slowing, investors could view the latest data as holding the Fed to task-  accommodative rate hikes. The DJIA ended higher by 0.7 percent, the S&P 500 was higher by 0.8 percent, and the NASDAQ outperformed with a 1 percent gain. The forecast indicates caution with a forecast-bias of neutral-  the forecast-bias is subject to upgrade, especially if Friday is a positive day.  

 

2/23/05 Wednesday-

2/23/05 Wednesday 9:28a Eastern- Look for a positive open.

2/23/05 Wednesday 11:11a Eastern- Stocks opened higher Wednesday on bargain hunting amid slightly lower oil prices [$51.15 bbl] and a stronger Dollar in reaction to yesterday's action. Lowe's posted positive earnings results, and a friendly CPI report got things rolling early, only for the major indexes to begin trending lower throughout the morning. The DJIA was higher by 0.3 percent, the S&P 500 was up by 0.2 percent, and the NASDAQ was slightly lower by 0.1 percent. The forecast-bias was changed yesterday to neutral from positive;  the forecast now reads CAUTION with a NEUTRAL bias.

2/23/05 Wednesday 5:03p Eastern- Stock market recovers some of yesterday's lost ground-  NASDAQ ends flat. Stocks opened with a bounce from yesterday's sell off and trended lower early but advanced midday  and throughout the remainder of the session on friendly CPI data and more M&A activity [Medco-Accredo and Yellow Roadway-USF Corp.]. The Fed released February minutes which suggests monetary policy will be directly related to economic data? If the data is friendly to inflation-  the Fed will be friendly. Oil stabilized but still over $51 bbl, Dollar strengthens. The DJIA and S&P 500 ended higher by 0.6 percent, the NASDAQ ended flat-  slightly above unchanged. The forecast, changed yesterday, now reads caution with a neutral forecast-bias.  

 

2/22/05 Tuesday- Washington's Birthday-

2/22/05 Tuesday 9:27a Eastern- Look for a negative open.

2/22/05 Tuesday 11:17a Eastern- Stocks move lower Tuesday morning as oil [$50.15 bbl] and gold move higher amid economical data [consumer confidence dips in January] and earnings [Home Depot]-  Novartis to buy generic drug makers. The DJIA is off by 0.4 percent, the S&P 500 and NASDAQ are off by 0.3 percent. The Barometer forecast indicates caution with a positive forecast-bias and is subject to change.

2/22/05 Tuesday 2:06p Eastern- The forecast-bias is being changed to NEUTRAL from positive-  details to come.

2/22/05 Tuesday 3:30p Eastern- The forecast-bias change is complete. Some of the reasons for the bias change are as follows. Oil has run up into the $50 bbl range-  could be a problem if it stays. Dollar/inflation worries-  the Fed could get aggressive...

2/22/05 Tuesday 6:07p Eastern- Stocks get hammered;  forecast-bias is downgraded, as oil spikes above $51 bbl and the Dollar having problems with the Euro and Yen. The DJIA was lower by 1.6 percent, the S&P 500 lower by 1.5 percent, and the NASDAQ lower by 1.4 percent. The Barometer forecast-bias was downgraded to neutral from positive because of the concerns over oil and the Dollar. See bias change log for more on the forecast change.  

 

2/19/05 Holiday Weekend- President's Day-

2/20/05 Sunday 12:57p Eastern- U.S. stock market closed Monday, February 21, 2005 for Presidents' Day holiday. Market to reopen Tuesday morning regular schedule.

2/21/05 Monday 10:11a Eastern- U.S. markets closed today for Presidents' Day holiday. Stock market will reopen Tuesday at 9:30 am Eastern.  

 

2/18/05 Friday-

2/18/05 Friday 9:25a Eastern- Look for a flat open-  most likely negative start.

2/18/05 Friday 11:07a Eastern- Major indexes hug the flat line Friday morning after economical data [PPI report] shows an increase [above expectations] in producer prices-  some see this report as a precursor to inflation. Geopolitical concerns continue [Iran and Syria] in the news not helping buyers get off the sideline-  it will be important how the market ends today as investors position for a long holiday-weekend [Presidents' Day holiday]. The DJIA and S&P 500 are flat, the NASDAQ is up slightly by 0.1 percent-  oil stable at $48.30 bbl. The forecast maintains an indication of caution with a positive forecast-bias.

2/18/05 Friday 5:05p Eastern- PPI report shows inflation could be creeping back into the economy-  With a three-day weekend-holiday at hand, investors take the inflation news with a grain of salt and keep the major indexes near flat. Separately, an FDA advisory group gave OK to Vioxx- Bextra- Celebrex today and the President singed the "class action" bill into law. The DJIA ended up 0.3 percent, the S&P 500 slightly higher by 0.1 percent, and the NASDAQ slightly lower by 0.1 percent. The forecast continues to indicate caution with a forecast-bias of positive.  

 

2/17/05 Thursday-

2/17/05 Thursday 9:27a Eastern- Look for a neutral-to-positive open-  could turn mixed.

2/17/05 Thursday 11:30a Eastern- Stocks move lower midmorning Thursday amid continuing testimony from Fed Chief Greenspan and economic data [leading economic indicators and jobless claims] also upbeat results from Wal-Mart and Target having no positive affect. Buyers continue on the sidelines and any hope of early morning positive momentum has dissolved. Barometer models were looking for positive reaction to Greenspan testimony but that has not materialized. The forecast continues to indicate caution with a positive bias- no change is expected unless the market reverses direction and closes positive. The DJIA is lower by 0.4 percent, the S&P 500 is lower by 1/2 percent, and the NASDAQ is off by 0.6 percent.

2/17/05 Thursday 5:13p Eastern- Good earnings news [Target and Wal-Mart] mixed economical data [jobless claims and Leading economical indicators], More talk about Iran-Syria [geopolitical fears rise again],  more and more talk of a "double top" in the market. Buyers decide to stay on the sidelines- most likely will wait to see what happens over the next couple of days. Models were indicating a good day today- but that never materialized. No change to the forecast at this time;  the forecast continues to indicate caution with a positive forecast-bias. The DJIA ended lower by 0.7 percent, the S&P 500 ended lower by 0.8 percent, and the NASDAQ was down by 1.3 percent.  

 

2/16/05 Wednesday-

2/16/05 Wednesday 9:28a Eastern- Look for a neutral-to-negative open.

2/16/05 Wednesday 10:40a Eastern- Stocks get off to a rocky start Wednesday on preliminary news of an explosion in Iran affecting the futures market, helped by the recall of the U.S. Ambassador to Syria. With the major indexes off the lows of the morning, investors focus on Fed Chairman Alan Greenspan testimony to the Senate this morning-  stocks little changed-  the chief said continued rate-hike policy will be determined by inflation, he expects monetary policy to continue accommodative. The DJIA and S&P 500 are lower by 0.3 percent, the NASDAQ lower by 0.2 percent. The market forecast continues to indicate caution with a forecast-bias of positive.

2/16/05 Wednesday 5:08p Eastern- U.S. stock market ends flat on Greenspan upbeat view on the economy-  stocks got a rough start in pre-market trading on explosion fear in Iran. Major indexes end well off the lows of the day as investors try and glean a hint, or two, from Fed Chairman Greenspan's testimony to the Senate Banking Committee today. Also in play was the recall of the U.S. Ambassador to Syria and economic data [housing starts and EIA oil inventory report]. Oil rebounds and closes well over $48 bbl;  separately, after hours today, HP releases earnings that beats estimates. The DJIA, S&P 500, and NASDAQ end flat-  within 0.1 percent of unchanged. Early model data suggest traders could react positive tomorrow to Greenspan's testimony and with that in mind, the forecast is subject to an upgrade midday Thursday. Meanwhile, the forecast for the open indicates caution with a positive forecast-bias.  

 

2/15/05 Tuesday-

2/15/05 Tuesday 9:27a Eastern- Look for a neutral-to-positive open.

2/15/05 Tuesday 11:24a Eastern- Stocks head north after retail sales data indicates strength, as business inventory report helps move buyers from the sidelines Tuesday morning. Circuit City gets takeover offer and gas prices move lower-  all eyes on Alan Greenspan, for tomorrow, as he testifies on the economy and any hint of monetary policy change. The DJIA is higher by 1/2 percent, the S&P 500 is up by 0.4 percent, the NASDAQ, up by 0.9 percent. The Barometer forecast indicate caution with a positive forecast-bias.

2/15/05 Tuesday 4:22p Eastern- Dow makes new 2005 high, S&P 500 and NASDAQ go along for the ride-  NASDAQ ends well off the high of the day. Stocks took off midmorning Tuesday on retail sales news help by business inventory data but the major indexes trended lower to end positive but off the highs of the day. Microsoft to offer free antispyware and AMAT earnings surge. All eyes focus on Alan Greenspan testimony tomorrow-  investors will glean any hint of monetary policy change from the Fed chief. The DJIA was higher on the day by 0.4 percent, the S&P 500 and NASDAQ higher by 0.3 percent. The forecast continues to indicate caution with a forecast-bias of positive.  

 

2/14/05 Monday- St. Valentine's Day-

2/14/05 Monday 9:27a Eastern- Look for a neutral, flat open. Could turn mixed after the open

2/14/05 Monday 11:23a Eastern- Stocks meander Monday morning with no economical data to inspire trade amid an announcement by Verizon of an agreement to buy MCI for 6.8 billion-  AIG deals with a subpoena. Investors prepare for Greenspan to testify later in the week on the economy-  oil trends higher and is posting $47.21 bbl, slightly higher. The DJIA and S&P 500 are slightly lower by 0.1 percent, the NASDAQ is slightly higher by 0.1 percent. The Barometer forecast-bias was changed over the weekend to positive from neutral;  the forecast now indicates caution with a positive bias.

2/14/05 Monday 4:55p Eastern- Slow, slow day in the equity market-  major indexes meander as traders had no economical data or earnings to focus on. Verizon and MCI announced an agreement of the 6.75 acquisition deal and AIG is back in the news with subpoena from the SEC and the NY Attorney General. Alan Greenspan to testify to the Senate and the House later in the week. Meanwhile, the DJIA ends lower by 0.1 percent, the S&P 500 ended higher by 0.1 percent, and the NASDAQ closed up by 0.3 percent. The forecast-bias was changed over the weekend to positive;  the forecast now reads caution with a positive forecast-bias.  

 

2/12/05 Weekend- Lincoln's Birthday-

2/12/05 Saturday 12:54p Eastern- updated- Model data from last evening shows sufficient improvement in the market to indicate a bias change to positive- see bias change-log for more information.

 

2/11/05 Friday-

2/11/05 Friday 9:26a Eastern- Look for a neutral open-  could turn mixed.

2/11/05 Friday 11:22a Eastern- Major stock indexes dip at the open Friday-  moves back to trend along the unchanged line midmorning-  and then moves higher in late morning trade as buyers come off the sidelines and drive equities higher. With no economical data today or Monday, little in way of earnings, Dell's business outlook is in focus. Apple today announced a 2-for-1 stock split [$81.60 +3.24] and oil moves slightly higher to $47.30 bbl. The DJIA is higher by 0.3 percent, the S&P 500 higher by 1/2 percent, and the NASDAQ is up by 0.8 percent. The Market Barometer forecast continues to indicate caution with a neutral bias.

2/11/05 Friday 5:02p Eastern- Stock market turns in a positive day Friday amid Dell's business outlook woes and Apples upbeat 2-for-1 split announcement. DJIA retakes a positive position for the year, as it closed Friday higher by 0.1 percent-  S&P 500 and NASDAQ still in negative territory for the year. No economical data and little earnings news today for traders and investors to focus on-  stocks end the day with the DJIA higher by 0.4 percent, the S&P 500 was higher by 0.7 percent, and the NASDAQ was up by 1.2 percent. The Barometer forecast indicates caution with a neutral bias. With today's positive market performance, the bias is subject to change over the weekend. If the models indicate a bias change this evening, the results will be posted on Saturday. The forecasters log can be viewed to track the progress of the potential change.  

 

2/10/05 Thursday-

2/10/05 Thursday 9:26a Eastern- Look for a neutral-to-positive open.

2/10/05 Thursday 11:16a Eastern- Stocks move lower midmorning Thursday after mixed earnings [Aetna, Office Depot, Waste Management, May Department. Stores, Daimler Chrysler, and others] amid economical data [Jobless claims and trade gap] as oil hits $47.00 bbl, up 1.54-  Verizon and MCI are said to be in M&A talks. The DJIA is up by 0.3 percent, the S&P 500 is flat, and the NASDAQ tanks by 1/2 percent. Dell set to report after the close-  traders are looking for good results and an upbeat outlook. The forecast indicates caution with a neutral bias.

2/10/05 Thursday 4:59 Eastern- Dow and S&P forge ahead, NASDAQ ends flat on Thursday, as Dell reports earnings mostly inline with estimates;  investors to focus on business outlook during earnings call scheduled for 4:00 pm Central. NASDAQ under pressure while the DJIA was helped higher by AIG [surges 5% on class action lawsuit news]. Mostly upbeat economic news [jobless initial claims and trade gap] and mostly positive earnings [Aetna, Office Depot, Waste Management, May Department Stores, and other] supported buyers to regain some of Wednesday's lost ground. Friday's market most likely will be influenced by Dell's outlook. Meanwhile today, the DJIA was up by 0.8 percent, the S&P 500 up by 0.4 percent, and the NASDAQ ended flat. The forecast indicate caution with a neutral bias.  

 

2/9/05 Wednesday-

2/9/05 Wednesday 9:28a Eastern- Look for a neutral-to-positive open.

2/9/05 Wednesday 11:07a Eastern- Stocks open slightly higher Wednesday amid earnings data [AIG and Cigna] and news that Carly Fiorina, HP CEO, resigns. Market quickly retreats on oil inventory data [lower inventory than expected] reported by the Government as investors continue to digest Cisco Systems disappointing revenue data [inventory also a concern] and soft outlook. Oil rebounds and is closing in on $46 bbl, gold continues lower. The DJIA is off by 0.4 percent, the S&P 500 is off by 1/2 percent, the NASDAQ lower by 0.9 percent. The Market Barometer forecast indicates caution with a neutral bias.

2/9/05 Wednesday 5:02p Eastern- Selling pressure in the stock market today after a slightly positive start amid moderate earnings/outlook [Molson-Coors, Cigna, AIG, Skywest, and others] reports, and news that HP CEO Carly Fiorina resigns. Oil inventory report by the Government shows unexpected drop which began oil volatility and stocks to move lower. Investors digest Cisco's earnings and outlook while Google hosts first analyst meeting. The Market Barometer forecast was changed Monday evening to caution because of improving conditions. This latest downturn in the market may be a knee-jerk affect;  Dell's earnings and outlook could offset today's performance or make things much worse-  Dell reports Thursday. Meantime, the market forecast indicates caution with a neutral bias. The DJIA lost 0.6 percent, the S&P 500 lost 0.9 percent, the NASDAQ much lower by 1.6 percent.  

 

2/8/05 Tuesday-

2/8/05 Tuesday 9:26a Eastern- Look for a neutral to slightly lower open.

2/8/05 Tuesday 11:08a Eastern- Stock market moves cautiously but positive ahead of bellwether Cisco Systems earnings release after the close today. With little economical data to trade on, investors are content to maintain modest gains-  oil moves above $45 bbl-  Gold continues moving lower-  the Dollar gains against the Euro and Yen. The DJIA and S&P 500 are higher by 0.2 percent, the NASDAQ is up by 0.4 percent. The forecast was changed, yesterday evening,  to caution from negative, improving conditions was sited-  the bias remains at neutral. The forecast commentary stated model data suggested the market could be headed to another trading-range, similar to last year.

2/8/05 Tuesday 5:00p Eastern- Dow and S&P 500 move lower  at the close-  NASDAQ maintains. Another slow day with little in way of economical data and earnings [Taser and USB, and others] to move the market-  investors settle to wait for Cisco's earnings/outlook [Cisco Systems meets EPS but is light on sales]. Dollar gains on the Euro and Yen-  Oil settles above $45 bbl. The DJIA and S&P 500 end slightly higher by 0.1 percent, the NASDAQ ends higher by 0.2 percent. The Barometer forecast was changed to caution yesterday evening. The forecast now indicates caution with a neutral bias.  

 

2/7/05 Monday-

2/7/05 Monday 9:28a Eastern- Look for a neutral, possibly mixed open.

2/7/05 Monday 10:33a Eastern- Market opens lower and turns mixed Monday morning as investors mull the latest earnings [Hasbro, wellpoint, Humana, and others] in what is expected could be a slow day as traders wait for more economical data and earnings from the likes of Cisco Systems and Dell this week. Oil moves lower to $45.60 bbl, -0.88. President Bush meets with his Cabinet;  budget and other matters. The DJIA, S&P 500, and the NASDAQ are within 0.1 percent of the unchanged-line. The Barometer forecast, changed Friday, indicates negative with a neutral bias.

2/7/05 Monday 4:55p Eastern- Market consolidates Monday on a slow economical front and with mixed earnings results [Hasbro, Wellpoint, Humana, and others]-  President Bush submits a 2.6 trillion dollar budget, which is expected to cause gridlock-  traders could view that as a plus Tuesday. Oil moves lower near $45 bbl. The DJIA closed nearly unchanged, the S&P 500 ended slightly lower by 0.1 percent, the NASDAQ lower by 0.2 percent. The forecast, changed Friday, now indicates a forecast of negative with a neutral bias-  the forecast is subject to change this evening-  any change will be posted by around 11:00 pm Eastern.

2/7/05 Monday 10:20p Eastern- The forecast is being changed to caution from negative. Details to come.

2/7/05 Monday 11:05p Eastern- The forecast has changed to caution from negative. The forecast now indicates caution with a neutral bias...

 

2/5/05 Weekend-

 

2/4/05 Friday-

2/4/05 Friday 9:29a Eastern- Look for a neutral-to-negative open.

2/4/05 Friday 1:02p Eastern- Stocks move higher midday Friday as investors discount economic news [job creation data and consumer sentiment index] in favor of earnings [Time Warner and others] helped by Greenspan comments on the trade gap. Midday-afternoon models will be analyzed for any change to the forecast-  depending on market conditions this afternoon, we could see a change. The forecast indicates negative with a forecast-bias of negative and is subject to change this afternoon. The DJIA and S&P 500 are up by 1/2 percent, the NASDAQ higher by 0.8 percent. 

2/4/05 Friday 3:07p Eastern- Afternoon model data indicates a change to the forecast-bias. The bias is being changed to neutral from negative. This is a first step in changing the forecast from negative-  the bias always leads the forecast. More information to come on this change.

2/4/05 Friday 4:55p Eastern- Stock market rallies;  investors discount jobs data and bid stocks higher Friday helped by Greenspan comments on the trade gap, tobacco industry appeals ruling [Altria Group, Philip Morris, and others]  and dismal January market performance. The Barometer forecast-bias was changed to neutral from negative;  forecast bias log noted improving conditions-  reversing sell into the last hour of trade mentality. The change in the bias is a first step in upgrading the forecast-  depending on next week market action, could see a forecast change. The DJIA closed with a 1.2 percent increase, the S&P 500 up by 1.1 percent, and the NASDAQ higher by 1.4 percent.  

 

2/3/05 Thursday-

2/3/05 Thursday 9:27a Eastern- Look for a neutral-to-negative open.

2/3/05 Thursday 11:40a Eastern- Market moves lower amid Amazons earnings report and a slew of economical data [rate hike, productivity report, jobless claims, ISM services data, and retails sales]. A pivotal day, possibly, in deciding the short-term direction of the market as the Barometer models continue to look for positive strength. Data from the models suggest the market could go higher but positive follow-through seems to be a problem. The forecast indicates negative with a forecast-bias of negative- bias is subject to change. Meanwhile this morning, the DJIA off by 0.3 percent, the S&P 500 is off by 1/2 percent, and the NASDAQ is lower by 1.1 percent.

2/3/05 Thursday 4:55p Eastern- Dow and S&P 500 recover lost ground-  NASDAQ moves lower on earnings [Amazon off 14+%, Starbucks off 8+%]. Lots of economical data [productivity and cost, jobless claims, ISM services, and retail for January] for traders to mull, but the big report is the jobs creation [nonfarm payroll] out tomorrow that could move traders one way or the other. The forecast models are struggling to find data to support a forecast change. Evening model run most likely will not produce a change-  tomorrow, however, might be a different story. The forecast continues to indicate negative with a forecast-bias of negative. Bias is subject to change. The DJIA closed Thursday near unchanged, the S&P 500 lower by 0.3 percent, the NASDAQ much lower by .0.8 percent.  

 

2/2/05 Wednesday-

2/2/05 Wednesday 9:28a Eastern- Look for a neutral-to-positive open-  could turn mixed.

2/2/05 Wednesday 11:42a Eastern- Stocks advance Wednesday morning on earnings news [Yum, Google, News Corp., and Boeing] and ahead of the Fed decision on rates. It is widely expected that the FOMC will raise the Fed funds target to 2.5 percent this afternoon [scheduled for 2:15 pm Eastern]. Investors probably will hold close to neutral until the accompanying statement is released indicating any monetary policy change-  traders will want to know if the Fed will continue raising rates in a measured pace or if there is a new policy forthcoming. The DJIA is positive by 0.3 percent, the S&P 500 and NASDAQ positive by 0.2 percent. The forecast indicates negative with a negative forecast-bias and continues to be subject to change. Model data, to this point, doesn't indicate a bias change. That could end with market reaction to the Fed this afternoon.

2/2/05 Wednesday 4:59p Eastern- Market discounts rate hike and monetary statement by the Fed [still accommodative- measured pace] as the major indexes react slightly positive at first, then revert to moving lower, only to spike at the close, in a move that could be considered as directionless. With all the good news [no change in central bank monetary policy] and earnings [Google, yum, News Corp., and Boeing] you would think buyers would have been out in force driving stocks and the market higher. Maybe the State of the Union this evening [9:00 pm Eastern] with more details on the administrations policies can get buyers to move stocks with conviction. Meanwhile, the Barometer forecast models do not indicate (at this time) a change. If the evening models indicate a bias change to neutral, it will be posted by around 11:00 pm Eastern. The DJIA closed up by 0.4 percent, the S&P 500 and NASDAQ closed higher by 0.3 percent.  

 

2/1/05 Tuesday-

2/1/05 Tuesday 9:27a Eastern- Look for a neutral-to-positive open. Could turn mixed.

2/1/05 Tuesday 11:53 Eastern- Stocks start out shaky but buying momentum kicks in as investors digest economical data [ISM report shows manufacturing expanding] and American Express announces plans for a spin off-  oil moves lower to $47.80 bbl, -0.40. The Federal Reserve FOMC meets today and tomorrow to decide on any monetary policy changes and is expected to raise interest rates by 25 basis point on Wednesday. The DJIA and S&P 500 are higher, at midday, by 1/2 percent, the NASDAQ is higher by 0.3 percent. The forecast was not changed last evening but forecasters said the forecast bias could change depending on the strength of the indexes today.  |  Meanwhile, the forecast indicates negative with a negative bias.

2/1/05 Tuesday 4:55p Eastern- Buyers again come in and bid stocks higher-  not real a barnstorm-  but very nice gains. Helping things along today were the ISM report from the Institute of Supply Management showing manufacturing expanding but at slower rate in January than in December-  still positive news. Other good news [American Express spin off and Disney earnings results] helps sentiment as investors are gearing up for the Fed to raise rates another 25 basis point. Of importance will be the accompanying statement-  investors will try an glean any new verbiage that may hint to monetary policy change. Oil also helped today by moving lower to $47.12 -1.08. The DJIA was up by 0.6 percent, the S&P 500 was up by 0.7 percent, and the NASDAQ was higher by 0.3 percent. The forecast indicates negative with a forecast-bias of negative and is subject to change this evening.

2/1/05 Tuesday 10:19p Eastern- Still looking for market strength [the major indexes]-  morning models might do the trick...   

 

1/31/05 Monday-

1/31/05 Monday 9:26a Eastern- Look for a neutral-to-positive open.

1/31/05 Monday 11:45a Eastern- Stocks move higher Monday morning on positive outcome from the Iraqi elections over the weekend and upbeat economical data [new home sales and personal income data]-  oil moves lower [$46.58 -0.60] amid OPEC decision to hold quotas-  no production cut. Meanwhile, attention now will be on the Fed meeting, PMI reports, and the nonfarm job creation report this week. The DJIA was up by 0.6 percent, the S&P 500 was up by 0.7 percent, and the NASDAQ higher by 1.2 percent. The market forecast indicates negative with a negative bias. The forecast bias is subject to change before the close today.

1/31/05 Monday 5:12p Eastern- Market starts the day strong, trends sideways, to end near the highs of the session. Strong M&A activity and a favorable Iraq election outcome has buyers off the sidelines-  economical data helps. It could become slower over the next session or two as the Fed meeting and a rate hike is expected Wednesday along with more job creation data later in the week. The DJIA closed up by 0.6 percent, the S&P 500 closed up by 0.9 percent, and the NASDAQ closed higher by 1.3 percent. The market forecast indicates negative with a negative bias-  bias is subject to change later this evening.

1/31/05 Monday 10:16p Eastern- No change to the bias this evening-   see forecast notes.

Forecast reiteration:The Barometer stock market* forecast models indicate negative with a negative bias going into Tuesday's open.  *- Dow Jones 30 (DJIA), S&P 500, and the NASDAQ indices.  Barometer Chart   Forecast Objective    

 

1/29/05 Weekend-

 

1/28/05 Friday-

1/28/05 Friday 9:27a Eastern- Look for a neutral, possibly mixed open.

1/28/05 Friday 11:32a Eastern- Stock market slides to the lows of the morning amid weak economical data [GDP] and upbeat Microsoft earnings and outlook report and mega deal P&G acquisition of Gillette-  Iraq election worries also in play. Oil, meanwhile, moves lower to $47.30 bbl, -1.54. The DJIA and S&P 500 was lower by 1/2 percent, the NASDAQ lower by 0.8 percent. The market forecast continues to indicate negative with a negative bias.

1/28/05 Friday 5:07p Eastern- Investors try to buy their way back to the flat-line ahead of the Iraqi election and with mounting concern over the economic growth [GDP]-  but fall short to end in negative territory Friday-  but off the lows of the day. P&G / Gillette acquisition and Microsoft earnings and outlook couldn't inspire investors. With the approach of important economical data [nonfarm payroll and PMI reports] and the Fed meeting next week, buyers stay to the sidelines for another week. The DJIA ended off by 0.4 percent, the S&P 500 was off by 0.3 percent, and the NASDAQ lower by 0.6 percent. The market forecast continues to indicate negative with a negative bias.  

 

1/27/05 Thursday-

1/27/05 Thursday 9:24a Eastern- Look for a neutral-to-negative open. NASDAQ could turn positive.

1/27/05 Thursday 11:22a Eastern- Market looking for direction;  stocks move higher [off the lows of the morning] late morning Thursday as investors digest economical news [jobless initial claims and durable goods] while there is talk of SBC acquiring AT&T;  NYSE is mulling the idea of extending the trade day-  which is getting traders attention. Oil passed through $49, but has since settled back to $48.95 bbl. The DJIA is improving but still off slightly by 0.1 percent, the S&P 500 moved positive by 0.2 percent, as did the NASDAQ with a 0.3 percent gain. The market forecast continues to indicate negative with a negative bias.

1/27/05 Thursday 5:00p Eastern- Broader market ends slightly positive-  DJIA lower on Caterpillar missed forecast. Mixed economical reports [jobless claims and durable goods] but otherwise OK results from other reporting companies [Nokia, Verizon, and others] amid talk of SBC to buy AT&T for a reportedly 15 billion. Traders could be on hold for first look at fourth-quarter GDP scheduled for tomorrow morning. Also of some concern is the elections scheduled for this weekend in Iraq. The DJIA closed lower by 0.3 percent, the S&P 500 and NASDAQ ended just positive with 0.1 percent.  |  The forecast continues to indicate negative with a negative forecast bias.  

 

1/26/05 Wednesday-

1/26/05 Wednesday 9:26a Eastern- Look for a neutral-to-positive open.

1/26/05 Wednesday 11:49a Eastern- Stock market tries to continue Tuesday's muted rally but is having some difficulty in midday trade Wednesday. An impressive array of earnings and outlook statements from reporting companies [Oracle, Texas Instruments, Eli Lilly, SBC, and others] with nearly expected EIA report [government reserves report] of oil and distillate inventory, the major indexes have trended slightly lower from the highs of the morning;  DJIA was up by 0.3 percent, S&P 500 was up by 0.2 percent, and the NASDAQ higher by 1/2 percent-  price of oil was slightly lower at $49.05 bbl.  |  The market forecast continues to indicate negative with a negative bias.

1/26/05 Wednesday 5:25p Eastern- Broader market bought-in on Dows performance yesterday as the NASDAQ and S&P 500 does some catch-up. Stocks did well Wednesday amid good earnings and business outlook messages from reporting companies [Oracle, Texas Instruments, Eli Lilly] while Altria had a disappointing outlook message for 2005. The EIA government oil report [crude oil and distillate products] caused some volatility in oil that seems to have capped further advance of the indices- oil closed lower at $48.78 bbl. Even though we have seen improvement in the market, the forecast continues to indicate negative with a negative bias- but, depending on Thursdays performance, we could be looking at a bias change. Bias changes to neutral would indicate a possible forecast change next week. The DJIA closed up by 0.4 percent, the S&P 500 closed higher by 1/2 percent, and the NASDAQ outperformed with a 1.3 percent gain.  

 

1/25/05 Tuesday-

1/25/05 Tuesday 9:28a Eastern- Look for a neutral-to-positive open.

1/25/05 Tuesday 11:12a Eastern- Stocks move 1 percent higher Tuesday morning on good earnings [Merrill Lynch, Johnson & Johnson, Xerox, EMC, and others] helped by a good reading from the Consumer Confidence Board-  report says consumers are bullish short term-  as oil hangs steady at $48.70 bbl. An overdue bounce has investors picking up bargains from weeks of selling in hopes that the market can move higher from these depressed levels. Proof will be if the majority of gains can make it to the close. Meanwhile, the Barometer continues to indicate negative with a negative bias. The Dow Jones 30 was higher by 1.1 percent, the S&P 500 was up by 0.8 percent, the NASDAQ up by 1.3 percent.

1/25/05 Tuesday 5:28p Eastern- Dow rallies on earnings [Johnson & Johnson, Merrill Lynch, and EMC]-  NASDAQ and S&P end well of the highs of the day, but still in positive territory. Broader market did well, most of the day, but last two hours of trading saw selling pressure that halved the gains. Key for Wednesday is for the broader market [advance/declines nearly 1:1 today] to partake in the rally-  build momentum. The forecast continues to indicate negative with a negative bias.  |  The DJIA ended nearly 1 percent higher, the S&P 500 ended 0.4 percent higher, and the NASDAQ was up by 0.6 percent.  

 

1/24/05 Monday-

1/24/05 Monday 9:26a Eastern- Look for a neutral-to-positive open.

1/24/05 Monday 11:22a Eastern- Stock meander near the unchanged-line Monday morning, as oil once above $49 bbl has trended lower to $48.30 amid slow news day [not much economical/earnings data or general news]. Investors hope for a turnaround this week as the first three weeks sees a loss as measured by the major indexes. In late morning trade, the DJIA was slightly higher by 0.2 percent, the S&P 500 slightly higher by 0.3 percent, and the NASDAQ was slightly lower by 0.1 percent.  The forecast continues to indicate negative with a negative bias.

1/24/05 Monday 5:10p Eastern- Stocks end Monday in negative mode as oil continues higher on Northeast cold snap and some worry over OPEC's next meeting. A slow news day [American Express beat estimates] and continued slid of the market [now in its fourth week] has buyers on the sidelines. Out of the past 15 trade days of the new year, 3 have been positive, 3 neutral, and 9 negative [as the Barometer measures] with little reason to believe it will turnaround. The DJIA lower by 0.2 percent, the S&P 500 lower by 0.4 percent, and the NASDAQ continues much lower by 1.3 percent.  |  The forecast continues to indicate negative with a negative bias.  

 

1/22/05 Weekend-

 

1/21/05 Friday-

1/21/05 Friday 9:27a Eastern- Look for a neutral-to-positive open-  could turn mixed.

1/21/05 Friday 11:14a Eastern- The Dow and S&P meander while NASDAQ posts nearly 1/2 percent gain, in Friday late morning trade-  week three sees largely negative results for the major market indexes [2 to 5 percent]-  while today's positive bounce is credited to GE and Citigroup earnings/outlook-  oil bounces positive [$48.65 +1.34] after several days of moving lower-  consumer sentiment falls. The DJIA and S&P 500 are higher by 0.2 percent, the NASDAQ up by 0.4 percent.  |  The forecast continues to show negative with a negative bias.

1/21/05 Friday 5:12p Eastern- Stocks lost ground, for a third week, as buyers stay on the sidelines amid mixed earnings reports and business outlook for 2005 but an economy that appears to be on track according to most of the economical data-  oil closed well over $48 bbl on perceived demand and could be a stumbling block as it is conceivable that prices could venture above $50 bbl-  GE, Citigroup, and United Tech couldn't get buyers to commit themselves. The DJIA lost 0.8 percent on the day, the S&P 500 lost 0.6 percent, and the NASDAQ was lower by 0.6 percent.  |  The forecast continues to indicate negative with a negative bias.  

 

1/20/05 Thursday- Presidential Inauguration day-

1/20/05 Thursday 9:26a Eastern- Look for a neutral-to-negative open.

1/20/05 Thursday 11:13a Eastern- Stocks are weaker Thursday being led lower by the tech heavy NASDAQ on negative earnings/outlook news by eBay and Qualcomm helped along by other reporting companies [Airlines and AT&T] amid the inauguration of President Bush. Economic reports continue to be favorable as well as the price of oil [$47.25 bbl -0.30] but investors are focusing on mostly negative comments about business outlook for year. The DJIA is lower by 0.2 percent, the S&P 500 lower by 0.4 percent, and the NASDAQ off by 0.7 percent.  |  The Market Barometer forecast continues to indicate negative with a negative bias.

1/20/05 Thursday 5:05p Eastern- Stocks trend lower as President Bush is inaugurated to his second term amid good economical data [leading economical indicators and Philadelphia Fed report] but disappointing earnings and profit outlook from reporting companies [eBay, Qualcomm, and others] continues to chip away at investors confidence that 2005 will be a profitable year that justifies share price-  oil continues lower on inventory report from the Fed yesterday. The DJIA closes lower by 0.7 percent, the S&P 500 was lower by 0.8 percent, and the NASDAQ led the way with a 1.3 percent move lower.  |  The Market Barometer stock market forecast continues to indicate negative with a negative bias.  

 

1/19/05 Wednesday-

1/19/05 Wednesday 9:27a Eastern- Look for a neutral, possibly mixed open.

1/19/05 Wednesday 12:14p Eastern- Stocks get off to a sluggish start Wednesday on positive economical data [jobless initial claims, CPI data, housing data] and mixed earnings-outlook reports [IBM, GM, Southwest Air, EBay, and others]. The DJIA is lower by 0.4 percent, the S&P 500 lower by 1/2 percent, the NASDAQ is lower by nearly 1 percent.  |  The forecast continues to indicate negative with a negative bias-  models do not indicate a forecast bias change at this time.

1/19/05 Wednesday 5:11p Eastern- Two day's of positive sentiment ends Wednesday as the stocks major indexes end at the lows of the session amid upbeat economical data [CPI, jobless claims, Beige book, housing starts] but mixed bag of earnings data and outlook from AMR, Southwest Air, Yahoo, AMD, Lucent, J.P. Morgan, and others. Oil closes at $47.55 bbl, off -0.83 on the session but still higher on expected cold weather snap in the North-East. The DJIA closed off by 0.8 percent, the S&P 500 lower by 1 percent, and the NASDAQ off by 1.5 percent.  |  The forecast continues to indicate negative with a negative bias.  

 

1/18/05 Tuesday-

1/18/05 Tuesday 9:29a Eastern- Look for a neutral-to-negative open.

1/18/05 Tuesday 11:34a Eastern- Stocks start week three in negative territory but rebound as the major indexes advance to show gains in late morning trading Tuesday. Bargains plus good economical data and earnings reports [Bank of America and others] has investors bidding stocks higher ahead of IBM and Yahoo earnings-outlook reports after the close today-  oil continues higher, $48.60 +0.24. The DJIA was up by 0.3 percent, the S&P 500 up by 1/2 percent, and the NASDAQ higher by 0.4 percent.  The Barometer forecast continues to indicate negative with a negative bias.

1/18/05 Tuesday 4:58p Eastern- Stocks end higher Tuesday after strong showing from the financial sector [Bank of America and others] and a mute oil price [closed unchanged for the day] and ahead of Yahoo and IBM earnings report/outlook [IBM beats expectations]. The DJIA closed higher by 0.7 percent, the S&P 500 up by 1 percent, and the NASDAQ was higher by 0.9 percent.  |  The forecast indicates negative with a negative bias-  the bias is subject to change this evening.

1/18/05 Tuesday 10:34p Eastern- No change to the bias at this time. Model data indicates a possible sentiment change in the making, but a little more data is needed [follow-through Wednesday] before the bias can be changed...   

 

1/17/05 Monday- Martin Luther King Jr. Day holiday-

1/17/05 Monday 10:47a Eastern- U.S. stock market closed for Martin Luther King Jr. Day holiday. Market scheduled to reopen Tuesday at 9:30a Eastern.

1/17/05 Monday 5:05p Eastern- Forecast reiteration:The Barometer stock market* forecast models indicate negative with a negative bias going into tomorrow's open.  *- Dow Jones 30 (DJIA), S&P 500, and the NASDAQ indices.  Barometer Chart   Forecast Objective  S&P 500 Forecast Performance Chart  

 

1/15/05 Weekend-

 

1/14/05 Friday-

1/14/05 Friday 9:26a Eastern- Look for a neutral-to-positive open.

1/14/05 Friday 11:34a Eastern- Stocks rebound from yesterdays selling as oil continues its move higher [$48.33 +0.29 ] amid positive economical data [PPI falls by 0.7% on cost of energy, inflation in check, and the industrial production report];  The DJIA and S&P 500 are higher by 0.4 percent, the NASDAQ up by 0.7 percent.  |  The Barometer forecast continues to indicate negative with a negative bias.

1/14/05 Friday 4:55p Eastern- Traders and investors position for the long weekend [closed Monday- Martin Luther King Jr. Day] and drive stocks up on good economical data released this morning [PPI report-inflation fear wanes, business inventory/production data] as the price of oil closes slightly higher. The DJIA ends up by 1/2 percent, the S&P 500 up by 0.6 percent, and the NASDAQ was higher by 0.8 percent.  |  The forecast continues to indicate negative with a negative bias.  

 

1/13/05 Thursday-

1/13/05 Thursday 9:26a Eastern- Look for a neutral, possibly mixed open.

1/13/05 Thursday 11:31a Eastern- Mixed results from December retail sales, an unexpected increase in jobless first time claims for last week, and oil run-up [$47.70 bbl, +1.33] has sellers in command in late morning trade Thursday-  The big market-mover Friday could be the payroll nonfarm report. The DJIA if off by 0.4 percent, the S&P 500 is off by 0.2 percent, the NASDAQ lower by 0.3 percent.  |  The forecast indicates negative with a negative bias.

1/13/05 Thursday 11:31a- corrected- 4:41p Eastern- Mixed results from December retail sales, an unexpected increase in jobless first time claims for last week, and oil run-up [$47.70 bbl, +1.33] has sellers in command in late morning trade Thursday-  The big market-mover Friday could be the producer price index (PPI) report. The DJIA if off by 0.4 percent, the S&P 500 is off by 0.2 percent, the NASDAQ lower by 0.3 percent.  |  The forecast indicates negative with a negative bias.

1/13/05 Thursday 4:59p Eastern- U.S. stocks move lower as the price of oil surges past $48 bbl. With an unexpected increase in first time jobless claims and mixed results from retail December sales, buyers stay on the sidelines as sellers clearly take control Thursday. The Dow 30 and NASDAQ closed lower by 1.1 percent, the S&P 500 was off by 0.9 percent.  |  The Barometer forecast indicates negative with a negative bias.  

 

1/12/05 Wednesday-

1/12/05 Wednesday 9:28a Eastern- Look for a neutral-  possibly mixed open.

1/12/05 Wednesday 11:31a Eastern- Stocks start out positive on Intel upbeat Q1 outlook but investors, again, come in an move the major indexes lower amid trade deficit report [deficit now at $60 billion] as oil moves slightly higher on the Gov. EIA oil reserve report [$46.35 bbl +0.67]. The DJIA and NASDAQ are off by 0.1 percent, the S&P 500 lower by 0.4 percent.  |  The Barometer forecast, changed yesterday before the close, indicates negative with a negative bias.

1/12/05 Wednesday 4:55p Eastern- Intel's business outlook for Q1 and the trade deficit [$60 billion in November] seems to had little effect over trading decisions Wednesday, as stocks started out up then moved lower for the day but buyers came in and sent the indexes higher in the last hour of trade-  turnabout is fair play! The DJIA and NASDAQ end higher by 0.6 percent, the S&P 500 was up by 0.4 percent.  |  The forecast indicates negative with a negative bias.  

 

1/11/05 Tuesday-

1/11/05 Tuesday 9:26a Eastern- Look for a neutral-to-negative open.

1/11/05 Tuesday 11:05a Eastern- Stocks head lower Tuesday morning after Alcoa, and others, generate disappointing news [Nortel Networks, AMD]-  retail sales data help stocks move lower. The Barometer forecast was not changed last evening but forecasters speculate that institutional traders have been selling into market advances in order to build cash...   |  The DJIA, S&P 500, and the NASDAQ are lower by 1/2 percent.  |  The market forecast indicates caution with a negative bias. The forecast is subject to further downgrade.

1/11/05 Tuesday 3:49p Eastern- The forecast is being changed to negative from caution-  more information to follow...

1/11/05 Tuesday 5:05p Eastern- More information on the stock market forecast change can be found in the forecast logs. It takes time during the close for the models to complete and get the site updated with a forecast change. The site will be updated with the forecast change as the models close.

1/11/05 Tuesday 6:21p Eastern- Another downer-  more selling causes a forecast change to negative with the hope that the latest move lower can be short-lived. Forecasters note that the Leading Indicator did not trigger which leads to the possibility that this negative forecast could change back to caution. The DJIA and S&P 500 closed lower by 0.6 percent, the NASDAQ was off by 0.8 percent.  |  The forecast was changed before the close to negative with a negative bias.  

 

1/10/05 Monday-

1/10/05 Monday 9:27a Eastern- Look for a neutral-to-negative open.

1/10/05 Monday 11:16a Eastern- A negative start turns into a positive bounce Monday morning, after positive economical data [wholesale inventory] and M&A activity [Alltel-Western Wireless, News Corp.-Fox] spur buyers, as oil also continues its advance [$46.90 bbl +1.47 ]. The DJIA is up by 0.3 percent, the S&P500 is up by 0.4 percent, and the NASDAQ is higher by 0.8 percent.  |  The Barometer forecast indicates caution with a negative bias. The forecast is subject to change during the session.

1/10/05 Monday 4:58p Eastern- Profit taking chops the averages as traders continue to sell into positive momentum, sending the indices lower even though there was good economical data [wholesale inventory] and a pickup of M&A activity [Alltel-Western Wireless, News Corp-Fox, and others]-  oil moves lower. DJIA end up by 0.2 percent, the S&P 500 ended up by 0.3 percent, and the NASDAQ was higher by 0.4 percent.  The forecast indicates caution with a negative bias-  the forecast is subject to change.

1/10/05 Monday 10:22p Eastern- No change to the forecast... "The models continue to show data that suggests traders lack interest in moving the market one way or the other... more from forecasters notes...  

 

1/8/05 Weekend-

 

1/7/05 Friday-

1/7/05 Friday 9:24a Eastern- Look for a neutral-to-positive start on job creation report.

1/7/05 Friday 11:31a Eastern- Job creation report [economy added 157,000 new jobs] is generally inline with the market but as the indices reflect, stocks remain under profit pressure-  investors continue to take profits each time the market makes positive headway. The indexes currently have reversed direction and are moving positive with the DJIA and S&P 500 moving slightly higher by 0.1 percent, the NASDAQ up by 0.2 percent.  |  The forecast indicates caution with a negative bias. The bias was changed Wednesday from neutral on mounting concern over the continued negative start to 2005.

1/7/05 Friday 4:59p Eastern- Stock market ends the first full week of 2005 in the dumps. Job creation and consumer credit reports did little to spur buying. The familiar take profits near the close, continues-  next week could be a turning point for the stock market-  buyers will have to step-up soon, or momentum will be lost. The DJIA ends lower by 0.2 percent, the S&P 500 and NASDAQ ends slightly lower by 0.1 percent.  |  The forecast, changed Wednesday, indicates caution with a negative bias. The forecast is subject to further downgrade.

1/7/05 Friday 11:25p Eastern- No change to the forecast yet! Monday and Tuesday will be important...  

 

1/6/05 Thursday-

1/6/05 Thursday 9:26a Eastern- Look for a neutral-to-positive open.

1/6/05 Thursday 11:49a Eastern- Stock market rebounds, in late morning trade Thursday, from three days of selling amid a Government report that shows an increase in jobless claims last week and oil ramps up moving higher by 1.76, to $45.15 bbl. The Dollar is also in play against the Euro and Yen. The DJIA is higher by 1/2 percent, the S&P 500 and NASDAQ higher by 0.4 percent. The forecast bias was changed last night to negative, as forecasters indicated traders appear to be selling during the last hour, or so, of trade on strategy [profit taking]-  it is more normal to see the market move on news and events. The forecast now reads caution with a negative bias.

1/6/05 Thursday 4:55p Eastern- Dow and S&P finally end higher-  NASDAQ continues its move lower. Traders continue selling into advances but limit the take [profit taking] and allow the indices to end with some gains amid a spike in oil [now above $45. bbl] and jobless new claims report. Traders will pay attention to the nonfarm payroll report out tomorrow- could be a catalyst. The DJIA ends up by 0.2 percent, the S&P 500 was higher by 0.4 percent, the NASDAQ was slightly lower by 0.1 percent. The forecast bias was changed last evening to negative, now the forecast reads CAUTION with a NEGATIVE bias.  

 

1/5/05 Wednesday-

1/5/05 Wednesday 9:28a Eastern- Look for a neutral-to-negative open.

1/5/05 Wednesday 12:55p Eastern- Stocks turn lower on sentiment amid mixed to good economical data [ISM services, oil supply, and job cut reports] traders and investors begin to discount good news. The DJIA and S&P 500 are slightly off by 0.1 percent, the NASDAQ is much lower by 0.7 percent.  |  The forecast indicates caution with a neutral bias. The bias is subject to change today.

1/5/05 Wednesday 2:30p Eastern- Model runs [DJIA, S&P 500, and NASDAQ] did not indicate a forecast bias change at this time- see forecasters note.

1/5/05 Wednesday 4:55p Eastern- Day three sees the stock market continuing to move lower. Mixed economical data [ISM services, oil supply, and job cut data] had no affect-  traders are beginning to discount news in favor of selling into daily market strengths-  not normally a good sign to see selling near the close with heavy volume. The DJIA ended lower by 0.3 percent, the S&P 500 lower by 0.4 percent, the NASDAQ was lower by 0.8 percent.  |  The forecast indicates caution with a neutral bias- the bias is subject to change later this evening...

1/5/05 Wednesday 10:05p Eastern- The stock market forecast bias is being changed to negative from neutral. Additional information will follow after data is analyzed.

1/5/05 Wednesday 11:11p Eastern- The bias was changed to negative this evening on the continued selling spree of traders. "Changing the bias to negative is the last step, in Barometer methodology, to downgrading the forecast. If this negative sentiment [or trader strategy] continues, the forecast would be next changed to negative, indicating a longer term for the negative environment to continue...   

 

1/4/05 Tuesday-

1/4/05 Tuesday 9:28a Eastern- Look for a neutral-to-positive open.

1/4/05 Tuesday 11:05a Eastern- Stocks start out higher but sellers takeover as the major indexes retreat lower-  NASDAQ leads the indices amid downgrades of Dell Computer and Amazon. Factory orders came in above expectations but has had little effect on sentiment at this point. The DJIA is flat, the NASDAQ is lower by 0.8 percent, the S&P 500 is off by 0.2 percent.  |  The forecast continues to indicate caution with a neutral bias. The bias is subject to change.

1/4/05 Tuesday 4:58p Eastern- Broader market moves lower- NASDAQ sinks over 2 percent on tech downgrades [Dell and Amazon]. Day two sees the major market indexes move lower on inflation fears [renewed] and oil resumes its move higher. Factory orders [economical data] was just about the only bright spot for investors Tuesday. The DJIA lost 1 percent, the S&P 500 lost 1.1 percent, and the NASDAQ lost 2.1 percent.  |  The forecast indicates caution with a neutral bias- the bias is subject to change later this evening.

1/4/05 Tuesday 10:47p Eastern- Models indicate no change to the forecast bias this evening. See forecasters notes for more...   Forecast reiteration: The Barometer stock market* forecast models indicate caution with a neutral bias going into Wednesdays open.  *- Dow Jones 30 (DJIA), S&P 500, and the NASDAQ indices.  Barometer Chart   Forecast Objective  S&P 500 Forecast Performance Chart  

 

1/3/05 Monday-

1/3/05 Monday 9:27a Eastern- Look for a positive start.

1/3/05 Monday 10:57a Eastern- The stock market starts 2005 with buyers advancing the major indexes, but sellers take over and move the indices lower amid mixed economical data [construction spending, ISM-PMI manufacturing data] and falling commodity prices [oil lower by -1.90 at $41.55 bbl, gold and silver also moves lower]. The DJIA moves lower by 0.2 percent, the S&P 500 is off by 0.3 percent, and the NASDAQ leads the way with a 0.8 percent move lower.  |  The Barometer forecast continues to indicate caution with a neutral bias.

1/3/05 Monday 4:57p Eastern- First market session of 2005  sees profit taking while traders and investors digest economical data [construction spending, ISM-PMI manufacturing data] amid upgrades and downgrades [Sun Microsystems, Google, Yahoo]-  oil moves lower by 3 percent. The DJIA ends lower by 1/2 percent, the S&P 500 is lower by 0.8 percent, and the NASDAQ off by 1.1 percent.  |  The market forecast continues to indicate caution with a neutral bias.  

 

1/1/05 Weekend- New Year's Day-

1/1/05 Saturday 10:24a Eastern- Happy New Year!!!  

 

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