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Monday, June 29

Tuesday, June 30

Wednesday, July 1

Thursday, July 2

Friday, July 3

Weekend, June 27 - 28

Today's Hot Topic:

>GDP contracts 5.5 percent in the 1st. Quarter 2009.

>Jobless new claims (unemployment) decreases by 16,000 last week.

>Unemployment rate: 9.5 percent in June.

>Corporate America lost 467,000 jobs in June.

>The Federal Reserve FOMC established a range "target" for the Fed funds rate between 0.00 and 0.25 percent.

>Consumer prices rose 0.1 percent in May- core price rose 0.1 percent.

>Manufacturing prices rose 0.2 percent in May. Core price declined 0.1 percent.

>U.S. productivity growth for the 1st. quarter was 1.6 percent in the nonfarm business sector.

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

 

U.S. markets are closed for holiday: U.S. stock market is closed for the Independence Day holiday.  Markets will reopen at the normal time Monday.   Friday, July  3, 2009,  10:08  A.M. Eastern

 

Wall Street sinks ahead of long holiday weekend: Look for a negative open Thursday on worse than expected jobs data.   Jobs payroll unemployment report is the focus for the start.  Jobs data released this morning got Wall Street traders in a tailspin as stocks came under pressure from sellers. Thursday, July  2, 2009,  8:50  A.M. Eastern- updated 3:45 pm Eastern Time

Broader market post 3 percent loss on extended regular session.

U.S. stock market will be closed Friday for holiday.

Initial claims for unemployment decreased by 16,000 last week.

Corporations lost 467,000 jobs in June.

Unemployment rate hits 9-1/2 percent in June.

 

Ok start to Q3 with investors buying up shares: Look for a neutral-to-positive  open Wednesday.   Earnings/ outlook in focus for the start as well as ADP private jobs report.  Post open model changes the Barometer Leading Indicator to neutral.  With one jobs report down [ADP] and one to go, traders gear up for the big nonfarm report with hopes of seeing some improvement.   Wednesday, July  1, 2009,  9:03  A.M. Eastern- updated 5:50 pm Eastern Time

Good start to the new quarter, tech stocks up near 1/2 percent.

ISM manufacturing still contracting but up from previous month.

Leading Indicator changed to neutral during post open run.

ADP reports private company's loose 473,000 jobs.

 

Second Quarter sees nice gains but ends on a downer: Look for a neutral flat open.   Last trade day of the quarter.  Earnings/ outlook in focus for the start.  Models were ready to upgrade the Leading Indicator but consumer confidence sends stocks in a nose dive.   Tuesday, June 30, 2009,  9:03  A.M. Eastern- updated 3:36 pm Eastern Time

Consumer Confidence sends stocks lower in last session of Q2.

 

Just off the highs, U.S. stocks post gains Monday: Look for a neutral-to-positive open Monday.  Investors continue to be mostly happy with positions as end of quarter window dressing strategy is in play.  Friday will be a test of sentiment as payroll jobs report could test strategy- but most everyone expect jobs to be bad with a high unemployment rate.   Monday, June 29, 2009,  8:57  A.M. Eastern- updated 9:23 pm Eastern Time

Stocks continue Thursdays theme ramping up, tech lagged.

Madoff gets 150 years.

 

Market sees mixed results as consolidation set in : Look for a neutral-to-negative open.   Personal Spending and earnings/ outlook in focus for the start.  After Thursdays big run-up, Wall Street shares consolidate as investors are happy with results and get ready to close the quarter next week   Friday, June 26, 2009,  8:58  A.M. Eastern- updated 3:45 pm Eastern Time

U.S. stock market posts mixed results ahead of quarters end.

Personal income and spending jump from stimulus.

 

Stocks rally Thursday as traders get back to work: Look for a neutral-to-negative open.  Could turn mixed.  GDP and jobless initial claims data in focus for the start as well as earnings.  Amid a decline in GDP, an increase in new unemployment claims, and Bernanke's testimony on the Hill, investors feeling good enough to bid shares higher with the major indexes posting 2 percent gain on the session...   Thursday, June 25, 2009,  8:45  A.M. Eastern- updated 4:14 pm Eastern Time

Study released last evening shows the rally intact.

Bernanke testifies on Capitol Hill about BofA role.

Jobless new claims increase but chart shows improvement.

GDP improves slightly but still contracts 5.5 percent.

 

Fed leaves rates unchanged, stock market goes mixed: Look for a positive open.   Fed FOMC statement and earnings/ outlook in focus for the start as well as the Durable Goods report.   Wednesday, June 24, 2009,  8:43  A.M. Eastern- updated 3:44 pm Eastern Time

Study just released shows rally could continue in mid August.

Market goes mixed in afternoon trade.

Federal Reserve keeps rates unchanged.

Durable Goods report showed orders up in May.

 

Investors trading flat ahead of the Fed and earnings: Look for a neutral-to-positive open.   Federal Reserve FOMC and earnings warnings in focus for the start.  Major indexes post flat results Tuesday ahead of rate change memo and earnings.   Tuesday, June 23, 2009,  8:40  A.M. Eastern- updated 4:14 pm Eastern Time

Oracle earnings beat estimates could rally investors tomorrow.

Markets end flat ahead of rate cut statement tomorrow.

FOMC meets today and tomorrow to determine policy changes.

Existing home sales up 2.4 percent.

 

Forecast downgrade, stock market ripe for pullback: Look for a negative open Monday.  Market Barometer models changed the Leading Indicator to negative during the pre close run.  Dow, S&P 500, NASDAQ, and the price of oil drop near 3 percent in Mondays session.  Global recession fear hits the stock market, shares tumble...    Monday, June 22, 2009,  8:57  A.M. Eastern- updated 10:20 pm Eastern Time

Stocks slammed Monday on renewed global economical fear.

Pre close model changed the Leading Indicator to negative.

 

Investors try for two in a row but come up short: Look for a positive open.   Options and Futures and hopeful of recession's end in focus for the start.  Wall Street gets off to a good start, helped along by improving sentiment.  The major indexes show all green with tech leading.  Options expirations session sees little activity as equities look to close mixed with NASDAQ stocks leading.   Friday, June 19, 2009,  9:11  A.M. Eastern- updated 4:14 pm Eastern Time

U.S. broader market ending flat with tech adding near 1 percent.

Europe sees economic light at the end of the tunnel.

 

Stocks lift higher to the close with tech lagging: Look for a neutral-to-positive open.   Unemployment initial claims is in focus for the start.  Stocks are going for a positive close with the tech heavy NASDAQ lagging...   Thursday, June 18, 2009,  9:03  A.M. Eastern- updated 3:57 pm Eastern Time

Mixed end for equities with tech lagging.

Jobless new claims [chart] move up by 3,000.

 

Financials keep broader market flat, tech posts up : Look for a neutral flat open.  Could turn mixed.   CPI inflation data and the Federal Reserve FOMC in focus for the start.  Banks keep the broader market flat, while Cisco helps kick tech shares higher.   Wednesday, June 17, 2009,  9:04  A.M. Eastern- updated 4:14 pm Eastern Time

U.S. stocks end mixed in choppy session.

Proposed Admin changes to financials keep banks in red.

FedEx gets investors in bad mood show slow recovery.

Inflation CPI report indicates less worry for Fed.

 

Another downer as we enter summer slowdown: Look for a neutral-to-positive open.   Economical data in focus for the start.  As summer vacations get underway and volume drops, stocks could meander lower until Fall.  Pre close model downgrades the Leading Indicator to neutral.  Stock Market pullback appears to be with us.   Tuesday, June 16, 2009,  9:09  A.M. Eastern- updated 6:09 pm Eastern Time

Selling accelerates taking indexes to the lows.

Pre close model run downgrades the BLI to neutral.

Housing starts and other data keep stocks flat.

Manufacturing inflation prices rose 0.2 percent.

 

Investors sell as pullback concerns get underway: Look for a negative open.  Rough start for stocks Monday morning as investors take profit, sending the major indexes lower by 2 percent.   Monday, June 15, 2009,  8:46  A.M. Eastern- updated 3:51 pm Eastern Time

Today's selling takes Dow back to loss for the year.

U.S. stock market falls more than 2 percent.

Investors fear pullback is here as stocks plunge.

 

Weekend stock market outlook update: Marker Barometer models continue to show the March rally is still alive.   Although we are still looking for a pullback, data strongly suggests more upside is near.   Saturday, June 13, 2009,  1:50  P.M. Eastern

New chart index shows preview and links.

 

U.S. stock market closes mixed Friday: Look for a negative open.   Friday, June 12, 2009,  8:05  A.M. Eastern- updated 4:46 pm Eastern Time

Dow posts in positive territory for the year.

Network upgrades today could cause some minor outages.

 

Banks back in focus helped to rally stocks: Look for a neutral-to-mixed open.   Jobless new claims and retail data in focus for the start.  Equities are on the way to close higher as banks ramp up helping sentiment.  Early gains in the market were nearly cut in half but still ended up 1/2 percent.   Thursday, June 11, 2009,  8:58  A.M. Eastern- updated 6:02 pm Eastern Time

Well off the highs, shares end with nice gains.

Retail sales up 1/2 percent, reversing previous months.

Jobless unemployment claims continues to drop [chart].

 

Wednesday sees profit taking driving stocks down: Look for a neutral-to-positive open.  Equity market ends down but well off the lows of the day.  Bias looked for upgrade but downside pressure kept it at neutral while the BLI and Forecast continue at positive.   Wednesday, June 10, 2009,  9:07  A.M. Eastern- updated 4:11 pm Eastern Time

 

NASDAQ ramps up broader stocks post gains: Look for a neutral-to-positive open.  Could turn mixed.  Stocks headed higher, in the last half-hour of trade, as investors hope for a better close than yesterday.  Dow lags while tech and S&P 500 stocks add to gains Tuesday.   Tuesday, June 9, 2009,  9:06  A.M. Eastern- updated 4:19 pm Eastern Time

Evidence building that we could see another big leg up.

Some big banks will be allowed to repay TARP.

 

Stocks slip after surge off lows and brief positive visit: Look for a negative open.  Stocks turn-up in last hour of trade Monday erasing the days losses.  Pre close model run changes the Leading Indicator back to positive.  Even though the market dropped after the BLI got upgraded, the change stands as model data sees the bounce of the session low as positive.   Monday, June 8, 2009,  8:55  A.M. Eastern- updated 4:18 pm Eastern Time

Leading Indicator gets boost from market late day surge.

Stocks make a comeback off the lows of the session.

 

Major market indexes post mixed after jobs surprise: Look for a positive open Friday.   Payroll jobs-loss and unemployment-rate in focus for the start.  Flat trading Friday ends mixed as investors are content with realized gains this week.   Friday, June 5, 2009,  8:59  A.M. Eastern- updated 4:59 pm Eastern Time

Better than expected data jump starts stocks at the open.

Jobs lost much less than expected, rate continue to grow.

 

Wall Street holds positive stance ahead of major data: Look for a neutral-to-positive open.  Jobless new claims and productivity data in focus for the start as well as the nonfarm payroll data to be released  tomorrow.  With a half-hour to go in Thursdays session, equities are maintaining one percent gain ahead of the payroll jobs and unemployment-rate report tomorrow morning.   Thursday, June 4, 2009,  8:54  A.M. Eastern- updated 4:14 pm Eastern Time

Traders push stocks up ahead of payroll Unempl report.

Durable goods manufacturing decline slows in Q1.

New unemployment claims continue to drop [chart].

 

Rally runs out of steam, pulls back near 1 percent: Look for a negative open.   ADP and nonfarm jobs payroll reports in focus for the start.  Stock market pulls back and settles well off the low of the session with the broader market posting a 1.4 percent loss.   Wednesday, June 3, 2009,  9:13  A.M. Eastern- updated 4:52 pm Eastern Time

Investors pullback as stocks slump ahead of data.

 

Stocks flat to positive as Bias gets upgraded: Look for a neutral-to-negative open.  Afternoon model upgrades the Bias back to neutral.  Traders rest Tuesday sending shares up slightly as the market eyes the nonfarm payroll unemployment data, just days away- could give a boost to the markets.   Tuesday, June 2, 2009,  8:51  A.M. Eastern- updated 5:57 pm Eastern Time

Forecast Bias gets upgraded to neutral this afternoon.

 

Stocks rock while GM files and Cisco moves to Dow: Look for a positive open Monday.  Midday model changed the BLI to neutral.  U.S. stock market takes off Monday on renewed hope for a better economy, and end, or at least a bottom to the recession.   Monday, June 1, 2009,  8:51  A.M. Eastern- updated 9:50 pm Eastern Time

Leading Indicator goes to neutral from negative.

Personal income rose 0.5 percent in April.

GM files for bankruptcy protection this morning.

 

Stock market ramps higher in closing minutes: Look for a neutral-to-positive open.   GDP data in focus for the start as well as last trading day of May.  Flat market all day Friday until the close when shares ramped up to close better than 1-percent higher, making it a great month and continuation of the March rally.   Friday, May 29, 2009,  8:51  A.M. Eastern- updated 9:43 pm Eastern Time

Dow -3.15% - NASDAQ +12.51% - S&P 500 +1.76%, y-t-d.

GM shares drop below $1 looks to go to court Monday.

Second look at First Quarter GDP came in at -5.7 percent.   Next >>>  more daily stock market reports (Archives).  Archives can be slow loading...

 

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