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Market Review November 20, 2009
Labor Department reported that the jobless rates increased in 29 states, thirteen states reported unemployment rates above the 10.2% national average in October. Unemployment was found to be the highest in the western part of the country, they reported a jobless rate of 10.8%, and the northeast reported the lowest unemployment rate at 9%, the rate stayed unchanged from the previous month. Commodities fell today as the dollar continued to gain, crude oil fell $0.74 to $76.72 a barrel and gold rose $6.60 to $1,148.50 an ounce. Dow Jones Industrial Average fell 3 points, the Nasdaq Composite Index fell 10 points and the Standard & Poor’s 500 Index fell 2points.
Free Daily Stock Picks activity and results for November 20, 2009:
ADCT - position entry at 5.75PM, 3rd Target Level hit for a gain of 0.34 points
INTU - position entry at 29.80, 1st Target Level hit for a gain of 0.45 points
ARUN - position entry at 9.00, 1st Target Level hit for a gain of 0.31 points
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Market Review November 19, 2009
Labor Department reported that the number of initial jobless claims was unchanged in the week ended November 14 from 505,000 the prior week. Leading economic indicators showed an increase of 0.3% in October, just below analysts’ forecast of 0.4%, the index rose 1% in September. Stocks fell after the news was released, the Dow Jones Industrial fell 93 points, the Nasdaq composite Index fell 36 points and the Standard & Poor’s 500 Index fell 14 points. Bond prices rose, the yield on the benchmark 10-year note fell to 3.34 from 3.35 Wednesday, along with the dollar which rose against other major currencies.
Free Daily Stock Picks activity and results for November 19, 2009:
DCI - position entry at 43.90, 1st Target Level hit for a gain of 0.66 points
NTES - position entry at 37.55PM, 2nd Target Level hit for a gain of 1.13 points
JACK - position entry at 18.58, 2nd Target Level hit for a gain of 0.74 points
SMTC - position entry at 16.30PM, 3rd Target Level hit for a gain of 0.81 points
HOTT - position entry at 5.80, 1st Target Level hit for a gain of 0.20 points
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Market Review November 18, 2009
Department of Labor reported that housing starts plummeted 10.6% in October to a seasonally adjusted rate of 529,000, it was the biggest decline since January, economists had expected 590,000 starts last month, Year over year, starts are down 30.7%. New starts for single-family homes fell 6.8% last month to an annual rate of 476,000 units, the lowest since May. New building permits fell 4 percent to 552,000 units in October, analysts predicted 580,000 units. Labor Department reported consumer prices rose 0.3% in October, a little higher than the 0.2% economists forecasted. Stocks fell today after economic data was released, the Dow Jones Industrial average fell 13 points, the Nasdaq Composite Index fell 10 points and the Standard & poor’s 500 Index fell 0.74 point. Bond prices also fell, the yield on the benchmark 10-year Treasury note rose to 3.36 percent from 3.32 Tuesday. Commodities like crude oil and gold rose as the dollar fell, gold reached yet another high of $1,149.60 this morning.
Free Daily Stock Picks activity and results for November 18, 2009:
VVUS - position entry at 9.74PM, Stop hit for a loss of 0.50 points
DRYS - position entry at 7.03PM, 1st Target Level hit for a gain of 0.25 points
CRM - position entry at 63.62, 1st Target Level hit for a gain of 0.95 points
CNQR - position entry at 37.38PM, 2nd Target Level hit for a gain of 1.12 points
ADSK - position entry at 25.00, 3rd Target Level hit for a gain of 1.00 point
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Market Review November 17, 2009
Government reports today showed that the Producer Price Index, a key measure of inflation for manufacturers, crept up 0.3% in October, it was expected to have risen 0.5% for the month. Core PPI; excluding volatile food and energy prices, fell 0.6%, analysts expected core to have risen 0.1% in October. High-end retailer Saks Inc. reported a quarterly profit of $0.01 per share, analysts were surprised by the results, they were expecting the company to report a loss. Discount retail giant Target reported an 18% increase in third-quarter profit; the company saw a large increase in their credit card portfolio. Even though companies are seeing better than expected earnings they are still remaining cautious about the upcoming holiday season and are preparing for the worst. Stocks ended the day in the green, the Dow Jones Industrial Average rose 29 points, the Nasdaq Composite Index rose 4 points and the Standard & Poor’s 500 Index rose 0.77 point. Bond prices were higher, the yield on the benchmark 10-year Treasury note fell to 3.32 from 3.33 Monday.
Free Daily Stock Picks activity and results for November 17, 2009:
ZOOM - position entry at 9.90, 3rd Target Level hit for a gain of 0.59 points
SINA - position entry at 46.00PM, 3rd Target Level hit for a gain of 01.84 points
SIVB - position entry at 40.52PM, Stop hit for a loss of 1.00 point
SPWRA - position entry at 24.61PM, 3rd Target Level hit for a gain of 0.98 points
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Market Review November 16, 2009
Commerce Department reported retail sales rose 1.4 % in October from a 2.3% drop in September, analysts expected a 0.8% increase for October. General Motors said it lost $1.2 billion in the third quarter, it also said it would begin to repay government loans in December. Stocks rallied today after the Commerce Department’s report, the Dow Jones Industrial Average rose 137 points, the Nasdaq rose 28 points and the Standard & Poor’s 500 Index rose 15 points. Bond prices rose, the yield on the benchmark 10- year Treasury note fell to 3.33 from 3.42 Friday, the dollar continued to weaken against other currencies. Gold prices continued to rise, it reached record highs of $1, 139.40 today.
Free Daily Stock Picks activity and results for November 16, 2009:
PLA - position entry at 4.67, 3rd Target Level hit for a gain of 0.28 points
FDX - position entry at 83.64, 1st Target Level hit for a gain of 1.25 points
TFSL - position entry at 11.26PM, 3rd Target Level hit for a gain of 0.56 points
PBR - position entry at 50.57PM, EOD price hit for a loss of 0.47 points
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