The Dow closed today, after digesting the Natural Gas report and the Jobless claims report, at 12,625.62, up 24.43.
This is a good sign to see the Dow close above 12600. Tomorrow will be pretty calm with the VIX at 18.05. But do not forget it is Friday and there probably won't be too many traders that want to keep open positions over a 3 day weekend.
The Gap and Footlocker beat analyst estimates on earnings after close today. Both stocks were up in after hour trading.
Watch the SKF next week.
You can see here that tomorrow is not a big news day.....
http://www.bloomberg.com/markets/ecalendar/index.html
Good Fortune from Trade Equity!!!
Thursday, May 22, 2008
Market Lunch
After opening this morning to be over 50 points up on the Down, the market then sold off and went to even. Currently, are drifting North to 31 points up on the Dow.
Ford is a loser today, based on the fact the will not be profitable as soon as they thought while trying to sell large trucks and SUVs, instead of small and hybrid cars.
One of the smartest guys on Wall Street is Bill Gross of Pimco. Today he made some interesting statements.
http://www.bloomberg.com/apps/news?pid=20601087&sid=axXH0Xr98tDw&refer=home
Oil is pulling back right now, it is down $1.20 p.b. to $132.
Earnings after the close are here:
http://biz.yahoo.com/research/earncal/today.html
The DBA(commodity ETF) is down today and there is not a lot of news out that is moving the Marketplace.
Gold is down $9.50, but not where we like it yet to get in.
Good Fortune from Trade Equity!!!
Ford is a loser today, based on the fact the will not be profitable as soon as they thought while trying to sell large trucks and SUVs, instead of small and hybrid cars.
One of the smartest guys on Wall Street is Bill Gross of Pimco. Today he made some interesting statements.
http://www.bloomberg.com/apps/news?pid=20601087&sid=axXH0Xr98tDw&refer=home
Oil is pulling back right now, it is down $1.20 p.b. to $132.
Earnings after the close are here:
http://biz.yahoo.com/research/earncal/today.html
The DBA(commodity ETF) is down today and there is not a lot of news out that is moving the Marketplace.
Gold is down $9.50, but not where we like it yet to get in.
Good Fortune from Trade Equity!!!
PreMarket Buzz
Crude oil in the last 12 hours of trading to over $135 p.b..
Oil is up 19% and outside of OPEC rising production or demand lessening, there is no Easy button to push.
Most traders are wondering how close to $200 p.b.. we will get before the numbers begin to turn around.
First-time jobless claims fell 9,000 to 365,000, from a revised 374,000 the prior week, the Labor Department said today. The total number of people collecting benefits was unchanged at a four-year high of 3.073 million for the week ended May 10.
Existing home sales numbers come out tomorrow. This is an important number and could move the market this time.
If you are like us, and like to invest in the shipping industry, you will enjoy knowing the Baltic Dry Index, as of Tuesday, the index hit 11,793, and companies such as Eagle Bulk and Dryships, are showing incredible gains.
A lot of the gain is due to the fact that China has to keep up with coal and iron ore.
The Mexican Stock exchange is ready to go public in June.
Bolsa Mexicana de Valores, or BMV, mentioned in a preliminary prospectus released Wednesday that it plans for 121 million shares to be sold in Mexico and for 158 million shares, are going to be sold in the U.S.
Watch the SKF today, it looks like broker related stocks are going to fall today.
Good Fortune from Trade Equity!!!
Oil is up 19% and outside of OPEC rising production or demand lessening, there is no Easy button to push.
Most traders are wondering how close to $200 p.b.. we will get before the numbers begin to turn around.
First-time jobless claims fell 9,000 to 365,000, from a revised 374,000 the prior week, the Labor Department said today. The total number of people collecting benefits was unchanged at a four-year high of 3.073 million for the week ended May 10.
Existing home sales numbers come out tomorrow. This is an important number and could move the market this time.
If you are like us, and like to invest in the shipping industry, you will enjoy knowing the Baltic Dry Index, as of Tuesday, the index hit 11,793, and companies such as Eagle Bulk and Dryships, are showing incredible gains.
A lot of the gain is due to the fact that China has to keep up with coal and iron ore.
The Mexican Stock exchange is ready to go public in June.
Bolsa Mexicana de Valores, or BMV, mentioned in a preliminary prospectus released Wednesday that it plans for 121 million shares to be sold in Mexico and for 158 million shares, are going to be sold in the U.S.
Watch the SKF today, it looks like broker related stocks are going to fall today.
Good Fortune from Trade Equity!!!
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