Tuesday, 1 March 2011

Market comment Febr. 24

Average industrial DowFebruary 24Open: 12104.56High: 12129.62Low: 11983.17Close: 12067.37Change:-37.28 (susceptibility %) RSI: 59 MACD: 101.98

Strategy: U.S. markets closed on an equal footing low Thursday following some tensions geopolitical prosecutors in Libya, Middle East, forced participants to stay away from purchase costs. The market for signs of consolidation before attempting to find levels higher in the near future.

CommentU.S. stocks extended losses to a third-line right Thursday session as investors continued to the Libya and the soaring prices of oil resulting can affect the economic recovery in the United States.

The Dow Jones Industrial Average closed 37.28 points or 0.31% to 12068.50, thus extending the week underway 322.75 points loss. Nasdaq Composite Monte 14.91, or 0.55% to 2737.90, and Standard & Poor of closed 1.30, 500-stock index or 0.10%, to 1306.10.

U.S. stocks weighs their decline in the afternoon, as crude futures fell in the midst of uncertainty.

J.C. Penney should report Q4 car of $1.11 per share and can stay in the online discussion on Friday.

Pepco Holdings, Inc. is also capable of displaying an EPS of 11 cents per share.

After on Thursday closing bell, the U.S. Air Force said that it would award a Co. Boeing a $ 30 billion for volunteers to build aerial refueling tankers-179.

Priceline.com posted a jump from 73% in the fourth quarter profit as an international bookings increase has fuelled high growth range and margins has elapsed. Core auto company that dominates the estimates of analysts. The stock jumped 8.5% and helped lift the Nasdaq.

American International Group is likely to show a profit in the fourth quarter of $ 11.2 billion, on the backs of 17.6 billion in earnings from the sale of several companies and the AIA group initial public offering. The stock is likely to remain in focus Friday.

General Motors reported a 510 million net in accordance with the fourth-quarter profit slimmer planned due to an increase in expenditure on new vehicle programs production of trucks of high-margin back scale update. Its shares fell by 4.5%.

Initial jobless claims fell more than expected.

But durable goods orders rose more than expected from 2.7% in January after three decreases straight, gain is caused primarily by an increase in demand for aircraft.

In addition, sales of new homes crumpled last month, reverse most of the gains from the previous month, as the housing market has begun on an equal footing low year-round.

The day beforeFridayQ4 GDP projection for February consumer sentiment

... Thank you for the confidence you have shown in me and my business.

by Larry Swing
Larry@mrswing.com
May be the swing with you...


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