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POSITIVE |
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.Bias |
POSITIVE |
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.BLI |
POSITIVE |
| Extended Forecast | |
Barometer Model Upgrades Forecast To Positive |
Snippets: STOCK MARKET NEWS: MARKET DRIVER
Fridays Stock Market Start Report
Look for a neutral-to-positive open Friday. Options expiration today could increase volatility. Friday, March 19, 2010, 8:49 A.M. Eastern- updated 9:22a
Dow Ramps Up, Broader Market Struggles At The Unchanged Line
Look for a neutral flat open Thursday. CPI and jobless initial claims data in focus for the start. Dow continues its trek higher posting another gain while tech stocks end slightly higher and the S&P 500 ending slightly lower. Jobless new claims came in with a small decline, pointing the way to a slow jobs recovery. Headline consumer prices were unchanged helped by declining energy prices in February. Thursday, March 18, 2010, 8:49 A.M. Eastern- updated 4:43p
> Dow on a roll, broader market flat Thursday.
> Consumer Prices inflation indicator was unchanged in February by decline in energy.
> Unemployment new claims dropped last week continuing downward trend- chart.
• February CPI was unchanged • Jobless claims drop 5,000 • Dow continues trek • Retail Investor Missing • Euro and Yen gain on the Dollar
U.S. Market Holds Gain Amid Testimony On The Hill
Look for a neutral-to-positive open. Manufacturing inflation data (PPI) in focus for the start. Manufacturing prices, an inflation index, (the PPI report) declined unexpectedly, indicating no inflation problem for the foreseeable future. Bernanke and Volcker on the Hill testifying, having little effect over traders. The stock market put in another good session, off the highs, stocks close up by near 1/2 percent. Wednesday, March 17, 2010, 8:49 A.M. Eastern- updated 4:36p
> Another up day as stocks climb steadily higher without the retail investor.
> PPI manufacturing inflation drops 0.6 percent, core up 0.01.
Stocks Move Up As Fed Keeps Rate Target Unchanged, Says Economy Strengthening
Look for a neutral-to-positive open for Tuesday. Fed FOMC meeting is the focus. No rate change is expected and very little change in the accompanying statement on monetary policy. Fed moved markets Tuesday with a thumbs up on the economy and probable no rate hike anytime soon. Oil ramped up as did gold and other commodities. The S&P 500 led the way with a 3/4 percent gain. Tuesday, March 16, 2010, 8:59 A.M. Eastern- updated 5:54p
> Oil jumps to near $82 a bbl amid economic strengthening statement by Fed.
> Fed leaves rates unchanged says economic activity continues to strengthen.
Stocks On The Mend, Bouncing Off The Low, Posts Mixed End
Look for a neutral-to-negative open for Monday. Stocks go flat Monday as traders await the Fed FOMC meeting set for Tuesday. U.S. equities end a slow day in mixed mode with the NASDAQ ending slightly lower. Monday, March 15, 2010, 8:46 A.M. Eastern- updated 5:52p
Fridays Stock Market- Slow- Posts Mixed End
Look for a neutral-to-positive open for Friday. Retail sales data in focus for the start. Slow going Friday as stocks end mixed while the S&P 500 bumps up against the 1,150 mark. Friday, March 12, 2010, 8:52 A.M. Eastern- updated 4:33p
Another Positive Session Thursday As Stocks Emerge From Negative Territory
Look for a neutral-to-negative open Thursday. Jobless new claims data in focus for the start. U.S. shares add another positive day of trade, as stocks emerged from negative territory in the afternoon session, to end up nearly 1/2 percent. U.S. market has now been positive 8 sessions out of the past 10, with the other 2 as mixed. Jobless new claims dropped to 462,000, nearly 200,000 from a year ago- recovery is making progress. Thursday, March 11, 2010, 8:50 A.M. Eastern- updated 4:50p
> Jobless claims declined 6,000 last week- chart
Tech Led, Dow Flat Wednesday As Fresh Economical Data Is Sparse
Look for a neutral-to-positive open for Wednesday. NASDAQ stocks outperform with the broader market following as the Dow stocks struggled at the unchanged line, ending slightly higher. Wednesday, March 10, 2010, 8:43 A.M. Eastern- updated 4:41p
Stocks Sink In Afternoon Session, Bounce Back To End With Gains, In Last Half Hour
Look for a neutral-to-negative open Tuesday. Cisco Systems makes big announcement this morning and this time last year the S&P 500 closed at 676.53, advanced nearly 462 points since then. Afternoon model run has upgraded the Market Barometer Forecast to positive. U.S. stock market gives up gains Tuesday, sending the market lower going into the close, amid Barometer Forecast upgrade. Tuesday, March 9, 2010, 8:56 A.M. Eastern- updated 4:43p
> Stock market makes comeback on this Bear bottom anniversary.
> Afternoon Barometer model changed the forecast to positive on upbeat outlook.
> Cisco Systems introduced a new Routing System for the Internet, with more than 12 times the capacity of the nearest competing system. A huge increase of capacity that is capable of streaming all known movies and all of the Library of Congress print, in less than 4 minutes.
Stocks ended mixed with tech outperforming on upgrades
Look for a neutral flat open could turn mixed. Earnings/ outlook in focus for the start. U.S. stock market performance was choppy Monday, trended lower after the Dollar advanced. S&P 500 and the Dow closed slightly lower while Tech [NASDAQ] ended slightly higher, helped by Cisco Systems. Monday, March 8, 2010, 8:47 A.M. Eastern- updated 4:45p
Stocks Ramp Up On Payroll Data, Gold And Oil Follow
Look for a neutral-to-positive open Friday. Nonfarm payroll and unemployment report as well as earnings/ outlook in focus for the start. Friendly jobs data set the tone Friday, as traders and investors push the stock market higher, ending virtually at the high of the session. Market Barometer forecast data shows a change to positive for the Barometer Forecast could be just sessions away. Friday, March 5, 2010, 8:49 A.M. Eastern- updated 4:43p
> U.S. stock market rallied Friday on better than expected jobs data.
> Unemployment rate holds at 9.7 percent for February.
> Government report shows 36,000 jobs lost in February, less than expected.
Dow Jones Index Closed Half Percent Higher Ahead Of The Nonfarm Payroll Report
Look for a neutral flat open for Thursday. Could turn positive. Jobless new claims and earnings/ outlook in focus for the start as well as nonfarm payroll tomorrow. U.S. stock market does well ahead of the jobs unemployment report which is due out before the open tomorrow. Jobless new claims data and retail sales numbers get traders and investors to push stocks up 1/2 percent ahead of the nonfarm report Friday morning. Thursday, March 4, 2010, 8:55 A.M. Eastern- updated 4:49p- corrected 5:48p
> Economic data set tone for Thursdays trade, investors look forward to Friday.
> Unemployment new claims drop 29,000 last week- chart.
Stocks Fall To Unchanged, Ahead Of Unemployment New Claims And Payroll On Friday
Look for a neutral flat open Wednesday. ADP jobs report and earnings/ outlook in focus for the start as well as the Greece bailout. U.S. stock market fell back to the opening prices Wednesday after achieving a good start. Beige Book jitters and major data tomorrow and Friday kept buyers on the sidelines in the afternoon trade. The Unemployment new claims data released tomorrow morning could send stocks in either direction if data comes in unexpectedly high or low. The payroll and unemployment rate report Friday could set the tone for the near-term in either direction, especially if more negative than forecasted. Wednesday, March 3, 2010, 8:49 A.M. Eastern- updated 4:43p
Barometer Forecast Bias Changed To Positive While Stocks Go Flat Tuesday
Look for a neutral-to-positive open. Look for a Forecast-Bias upgrade today. Earnings/ outlook still a focus for the start. The mid afternoon model has changed the Forecast Bias to positive. Three session rally slows Tuesday as stocks ramped up early but selling took over as shares slip from the highs to end with a slight gain. Tuesday, March 2, 2010, 8:49 A.M. Eastern- updated 4:34p
> Bias upgrade paves the way for Forecast change to positive.
> Mid afternoon Barometer model has changed the Forecast Bias to positive.
M&A Set The Tone, Personal Spending And Income Saw Stocks Rise Monday
Look for a neutral-to-positive open for March 1, Monday. Earnings/ outlook in focus for the start. Stocks rally Monday as M&A activity picked-up setting the tone for the session. Economical data [Personal Spending Outlays report] helped the rally to sustain the [virtually] highs of the day. The broader market, as measured by the S&P 500, closed up one percent. Monday, March 1, 2010, 8:49 A.M. Eastern- updated 4:57p
> Mergers and economical data saw March start out in rally mode.
Mixed Data Saw Stocks Slightly Higher Friday
Look for a neutral-to-positive open Friday. Could turn mixed. GDP and earnings/ outlook in focus for the start. Mixed data (GDP and home sales) set the tone for a mostly flat session with stocks ending slightly higher. Friday, February 26, 2010, 8:47 A.M. Eastern- updated 2/27/2010- 9:48a
> GDP ramped up in the last quarter of 2009, above expectations.
U.S. Stock Market Sinks On Unemployment New Claims, Ends Well Off The Lows
Look for a negative open Thursday. Jobless claims, durable goods, and earnings/ outlook in focus for the start. Dramatic recovery by stocks Thursday, as unemployment new claims sent traders selling while a dramatic reversal came in early afternoon trade, sending equities back up, nearly to the unchanged line. An unexpected rise in jobless claims took its toll early, as traders sold out while Shorts added to the decline. Thursday, February 25, 2010, 8:56 A.M. Eastern- updated 4:51p
> Stocks sell off early, trending back to close with a moderate loss Thursday.
> Unemployment new claims rise unexpectedly- chart.
Stocks Up On Bernanke While The Dollar Recovers Early Loss
Look for a neutral flat open. Could turn mixed. Bernanke on the Hill and earnings/ outlook in focus for the start. The mid afternoon model-run has changed the Barometer Leading Indicator (BLI) to positive, indicating a new leg up for the stock market has been detected. Both Bernanke and Toyota Execs on the Hill today giving testimony, with Bernanke about the economy and Toyota getting hammered by Congress over the Automakers woes. It appears that the interest rate will be maintained near zero for some time to come, as the economy continues to struggle. Stocks went higher Wednesday recovering most of yesterdays loss. Wednesday, February 24, 2010, 8:52 A.M. Eastern- updated 4:37p
> Up day for stocks on words from Bernanke before Congress.
> Model upgrades Leading Indicator to positive.
Consumer Confidence And Home Sales Sink Stocks
Look for a neutral-to-negative open. Earnings/ outlook in focus for the start. Consumer confidence report disappointed traders Tuesday, sending shares lower as economic data continues to drive the markets. Tuesday, February 23, 2010, 8:49 A.M. Eastern- updated 4:37p
> Consumer confidence and home sales send stocks to a loss.
Market consolidates as Leading Indicator gets upgrade
Look for a neutral-to-positive open Monday. Earnings/ outlook in focus for the start. Morning model run is changing the BLI back to neutral. Choppy trading Monday as the stock market consolidate last weeks gain. Traders and investors are satisfied for now as they await Ben Bernanke's testimony later in the week. Oil prices up holding close to the $80 bbl mark. Monday, February 22, 2010, 8:45 A.M. Eastern- updated 4:46p
> Market consolidates Monday as traders await Ben Bernanke testimony.
U.S. Stocks Make It Four In A Row Amid Rate Hike Worries
Look for a neutral-to-negative open for Friday. Surprise discount rate hike by the Fed take world markets lower and U.S. futures negative for the open. Despite the surprise discount rate hike yesterday, stocks hung around the unchanged line and closed well into positive territory Friday. The rate hike announcement [yesterday] was most likely deliberate in the timing; not announced at the regular FOMC meeting, but ahead of next weeks Bernanke testimony on the Hill. U.S. traders shook off the opening "shot across the bow" to the now committed tightening of monetary policy on the FOMC calendar and ran stocks up for a fourth session. Friday, February 19, 2010, 8:51 A.M. Eastern- updated 4:54p corrected 5:46p
> Consumer price index rose slightly, core price fell.
U.S. Stocks Put Together Three Day Rally As Shares Spike Towards The Close
Look for a neutral-to-negative open Thursday. Jobless new claims and earnings/ outlook in focus for the start. Case in point where not so friendly economical data doest disturb the markets advance as shares rise for a third session. Even though the Bias was changed back to neutral Tuesday, and that we have been saying, for the past several sessions, that this rally can continue, the model that deals directly with the BLI still shows negative, although the metrics of the model are improving. This means there still is a chance the market downturn could resume. Model data indicates at least two more neutral to positive sessions would be needed to upgrade the BLI back to neutral. Thursday, February 18, 2010, 9:09 A.M. Eastern- updated 4:49p
> The Federal Reserve will increase the Discount Rate to 0.75 percent at midnight tonight, February 19, 2010. The announcement came after the close of the regular session this evening. Futures immediately moved lower and signal a lower open Friday. The Fed left the target for the Fed Funds rate unchanged.
> Manufacturing prices sharply higher in January, above expectations, causing some concern.
> Unemployment new claims jump dampening the open Thursday- chart.
Wednesday Sees Follow Through From Tuesdays Rally Gaining Near 1/2 Percent
Look for a neutral-to-positive open Wednesday. Housing data and earnings/ outlook in focus for the start. What was it, housing data, FOMC minutes, or just "its about time" that investors jump back into this market. Stocks added to yesterdays gains by almost 1/2 percent across the broader market. Models continue to look good for a sharp rise later in the week with an upgrade to the BLI likely. Wednesday, February 17, 2010, 8:49 A.M. Eastern- updated 5:00p
> Models split but lean towards another bull market rally in coming days.
Stocks Rally Prompting A Forecast Bias Change Back To Neutral
Look for a positive open Tuesday. Earnings/ outlook in focus for the start. Pre close model run is changing the Forecast Bias back to a neutral. Commodities jump Tuesday helping the stock market rally, sending the Dow into triple digits. Today's rally, brought to you by gold, silver, oil prices and a Dollar under pressure. If the Dollar resumes its trade lower, we could be in for a new leg up in stocks, but we will have to get by this week in good shape. Watch for a BLI change back to neutral, that would be a probable indication of higher market prices for shares. Tuesday, February 16, 2010, 8:48 A.M. Eastern- updated 10:00p
> Models indicate possible follow through for the rally, a new leg up.
> Pre close Barometer model-run changed the Forecast-Bias back to neutral.
Stocks Bounce Around All Week But End With Nice Weekly Gain
Look for a neutral-to-negative open. Earnings/ outlook in focus for the start as well as long holiday weekend. U.S. market will be closed Monday. Geopolitical news, the Dollar, stocks, and traders equal volatility this week but stocks win out by advancing overall with tech shares in the lead. Friday, February 12, 2010, 8:49 A.M. Eastern- updated 4:53p
> U.S. markets closed for President's Day holiday; markets will reopen Tuesday, normal schedule.
> Wild ride as traders eke out a one percent gain on the week.
> Euro and Yen under pressure, Dollar up, capping stocks Friday.
Fear Is Off The Table Again, Sending Stocks Higher Wednesday
Look for a neutral-to-negative open Thursday. Could turn mixed. Jobless new claims and Europe financial problems as well as earnings/ outlook in focus for the start. Traders in control taking stocks back up after Europe appears to be helping, in some way, Greece's financial problems. The major indexes posted a better than one percent gain on the session. Thursday, February 11, 2010, 8:55 A.M. Eastern- updated 4:45p
> Unemployment new claims takes large drop to 440,000 last week- see chart.
Europe List Of Worries Grows Capping U.S. Stock Market
Look for a neutral flat open. Could turn mixed. Earnings/ outlook in focus for the start. The stock market is unable to get out of the up- down- bouncing around mode, as traders are now dealing with a growing list of European worries of more failed states. In addition, Fed Chief Bernanke released a report of its Fed exit strategy that brings up concerns over the tightening of the Monetary Policy. Stocks ended flat in negative territory with Futures pointing to a flat open Thursday. Wednesday, February 10, 2010, 8:56 A.M. Eastern- updated 4:53p
> Stocks flat on continued Europe concerns and Fed report.
Fears Wane Sending Stocks Ramping Up Tuesday
Look for a positive open Tuesday. Earnings/ outlook in focus for the start. Fear subsides sending stocks back up recovering yesterdays loss. Unless there is a follow-on rally Wednesday, all this was Tuesday is a knee-jerk back from Mondays sell off. The Forecast does indicate a trading range for the short-term. Unless some major event can kick stocks up or down, models indicate a trading range for the near future. Tuesday, February 9, 2010, 8:49 A.M. Eastern- updated 4:47p
Fear Grips Traders Monday Sending Stocks Lower
Look for a neutral flat open Monday. Could turn negative. Earnings/ outlook in focus for the start. Greece is the latest state to grasp traders fear as stocks slip in afternoon session to the lows of the day. Monday, February 8, 2010, 8:49 A.M. Eastern- updated 4:39p
Dramatic Reversal Friday As Stocks Move Off The Lows Into Positive Territory
Look for a mixed open. Jobs payroll unemployment report and earnings/ outlook in focus for the start. U.S. stock market makes a comeback after being down in triple digits Friday. Next week, especially the early sessions, may give better evidence that this could be a bottom to the mini correction. The NASDAQ led the comeback closing up near 3/4 percent with the broader market eking out a small gain. Friday, February 5, 2010, 8:54 A.M. Eastern- updated 4:35p
> Model data continues to suggest that we could go higher and end the 4-week correction- pullback. If Monday is at least neutral, we should see a Bias upgrade to neutral.
> Unemployment rate fell to 9.7 percent, much better than had been expected.
> The economy lost another 20,000 jobs in January. Next >>> more daily stock market reports (Archives). Archives can be slow loading...
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