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Monthly Archives: January 2010
AMZN Amazon Profit Surges After Holiday Sales
AMZN Amazon.com showed a big surge in profits today as they reported a 70%-plus increase in fourth-quarter earnings thanks to strong holiday sales. The stock has already seen a huge jump higher which mimics it’s last earnings release jump. This is a strong stock that continues to defy gravity. On a technical basis, the 10 year pictures shows ...…
USD Strong Against EUR After GDP
Seems like the USD is going to show some good strength against the EUR after GDP this morning came in better than expected. Asian stocks are also broadly down as the Dollar continues to remain firm in general after Bernanke was confirmed for a second term as Fed Chairman by the Senate on 70-30 vote. ...…
Market Pullback Is Fourth Largest
The recent market pullback is the fourth largest of the current bear market rally and the quickness of this move is a first since this uptrend started. Again remember that we are still in an overall bear market here everyone and not a bull market. So the more pullbacks we see and the longer they last ...…
GDP Higher – Futures Rally Hard
With futures powering higher into today’s GDP report, it appears that the index may see a bounce if news supports it. The trick is how long such a bounce lasts, should it happen at all. The bearish pattern we saw in the S&P 500 earlier in the week is also now present in the Nasdaq ...…
GDP Growth Beats Estimates for 2009
GDP growth beat estimates this morning and grew by 5.7% between October and December in 2009, official figures have shown. The number, which is a first estimate, is a big rise from the previous quarter’s growth rate of 2.2%. It suggests the country’s economy is growing at its fastest pace for six years and confirms the US ...…
Our Short Term Stock Forecast
Our short term stock forecast has two very distinct parts. First, we believe the last week’s sell off we a little out of the ordinary in nature and strength (which is a very good thing for this inflated market) but still has brought us into an over-sold condition. As such we seen the S&P climbing ...…
ES And NQ Stock Futures Rise Early
ES and NQ mini stock futures are on the rise early this morning as everyone assessed President Barack Obama’s State of the Union address last night as well as the previously mentioned upbeat results from Ford. We figure that the added bullishness comes from the Fed growing more optimistic on the economy as it held rates, Apple ...…
Ford Posts First Profit In 4 Years
This morning Ford Motors posted it’s first profit in nearly 4 years. According to the report the company made $2.7 billion in 2009, its first annual profit in four years. The automaker on Thursday also forecast a full-year profit in 2010. Earlier it had only promised to be “solidly profitable” in 2011. Ford benefited from cost-cutting, a $696 million ...…
Fed Leaves Interest Rates Unchanged
The Fed decided to leave interest rates unchanged and at a record low and pledged to keep them there for an “extended period” to nurture the economic recovery and lower high unemployment. The Fed made no changes to an economic support program aimed at driving down mortgage rates and bolster housing, even as reports on home ...…
The Decline Will Bleed Out Slowly
We generally feel around here that the impending decline for the markets will not happen overnight – if fact the complete opposite. It will come very slowly like a cut the bleeds a lot over time. In general earnings have been decent and more than a quarter of the S&P 500 companies have reported. Over ...…
Fed Decision On Interest Rates Announcement
The Fed Decision On Interest Rates Announcement is coming out at 2:15pm today. Of course we all expect nothing new to come out but you NEVER know what Uncle Ben may have up his sleeve.…
Crude Oil Shoots Higher On API Supply Data
Crude oil is shooting higher today as API supplies fell by 2.2 million barrels during the previous week. Market sentiment has become more bearish during the past several days, which may prevent a large price increase but we feel at this point that the data will at least spur any further decline. Today it is ...…
/ES Futures Contracts Trading Higher
/ES Futures contracts are trading higher this morning after traders seem to have digested last week’s news and some of the nervousness has come out of the market the last two days. The market was able to find support yesterday and after testing the downside this morning, prices have rebounded. Stock market futures moved higheramid upbeat earnings ...…
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