Thursday, April 8, 2010
Pre-Market
Stocks are pointing to a lower start today due to the concerns of Greece's ability to borrow, as Euro lost value against the U.S. dollar. Sellers redoubled their efforts after jobless claims data came much worse than expected, up to 460K in the April week. Consensus was expecting 436K.
Wednesday, April 7, 2010
S&P 500 futures vs fair value
S&P 500 futures vs fair value: -2.80 at 1186.20. The strength of U.S. dollar is pressuring both commodities and stocks before the opening bell. Crude oil futures is currently priced at $86.06, down $0.71 a barrel. Meanwhile gold has pulled up from red territory priced at $1,1135.50 an ounce.
The 10 year treasury yield is now at 3.95% after going over 4% yesterday.
Meanwhile, S&P 500 futures managed to pull up from its early lows, though it is still trading with moderate losses. There is not an important news to speak of today except the weekly oil and gasoline data that will be released at 10.30am.
The 10 year treasury yield is now at 3.95% after going over 4% yesterday.
Meanwhile, S&P 500 futures managed to pull up from its early lows, though it is still trading with moderate losses. There is not an important news to speak of today except the weekly oil and gasoline data that will be released at 10.30am.
Tuesday, April 6, 2010
Early Tuesday Trading
S&P 500 is trading with moderate losses at 1183.62, down 3.82 points. The selling is broad based though. All the S&P 500 sectors are trading in red. The worst performing sectors are technology and materials, down, 0.51% and 0.49% respectively.
Meanwhile Crude Oil and Gold has eased back from their lows of the day. Crude oil actually managed to pull itself into the green territory, trading at $86.68 a barrel, up 0.07%. Gold, however, still is trading with losses, down $4.30 at $1125.60 an ounce.
The declining issues outpace the advancing issues at S&P 500 today. 102 advances, 387 declines and 7 unchanged.
Meanwhile Crude Oil and Gold has eased back from their lows of the day. Crude oil actually managed to pull itself into the green territory, trading at $86.68 a barrel, up 0.07%. Gold, however, still is trading with losses, down $4.30 at $1125.60 an ounce.
The declining issues outpace the advancing issues at S&P 500 today. 102 advances, 387 declines and 7 unchanged.
Monday, April 5, 2010
Monday Trading
S&P 500 futures vs fair value: +3.5 to 1181.60. Stocks are off to solid start Monday. Strong commodities and weak dollar has helped the stocks to surge in the pre-market activity. Oil is trying new highs for the year in the pre-market trading, up 1.2% at $85.90 a barrel. Gold is unchanged at $1,125.10 an ounce.
Market will be focused on two things on our economic calendar today. Both are going to be released at 10am, ISM non-mfg index and and pending home sales. Besides these two, there are not many market moving news until next Tuesday.
Market is about to open and stocks managed to hold on their solid gains.
Market will be focused on two things on our economic calendar today. Both are going to be released at 10am, ISM non-mfg index and and pending home sales. Besides these two, there are not many market moving news until next Tuesday.
Market is about to open and stocks managed to hold on their solid gains.
Wednesday, January 20, 2010
S&P 500 futures vs fair value
S&P 500 futures vs fair value: -6.60 at 1143,40. Futures remain in negative territory after a batch of data was released. Housing starts report showed mixed results. Though the multi-family component roared at a 69.8% pace after a 38% drop the previous reading, single-family starts disappointed, down 6.9%.
Meanwhile producer price index, PPI, came in-line with the expectations, up 0.2%. Considering the sharp increase in the month before, core PPI inflation eased, showing a sharp slowdown in December. The participants, however, reacted to the data almost none at all.
It is 9 am and stock futures are pulling a bit higher from their early losses. S&P 500 is still pointing to a lower start.
Banc of America, BAC, posts a net loss of $5.2 billion of the fourth-quarter, 60 cents a share. Analysts were expecting a 52 cents loss. According to spokesman from BAC, though the investment banking units are doing very well, weak housing market and unemployment drag the consumer lending units profits down.
Meanwhile producer price index, PPI, came in-line with the expectations, up 0.2%. Considering the sharp increase in the month before, core PPI inflation eased, showing a sharp slowdown in December. The participants, however, reacted to the data almost none at all.
It is 9 am and stock futures are pulling a bit higher from their early losses. S&P 500 is still pointing to a lower start.
Banc of America, BAC, posts a net loss of $5.2 billion of the fourth-quarter, 60 cents a share. Analysts were expecting a 52 cents loss. According to spokesman from BAC, though the investment banking units are doing very well, weak housing market and unemployment drag the consumer lending units profits down.
Friday, January 15, 2010
Options Expiring for January
S&P 500 is trading with moderate losses due to the strong U.S dollar. The consumer price index (CPI) came in-line with the expectations at a pace of 0.1% increase which is much lower than the previous 0.4% increase in November. Slow housing and consumer sector basically keeping the inflation worries down.
Meanwhile, industrial production also showed signs of weakness, though the 0.6% growth was widely expected.
Eyes are turned to consumer sentiment which will be released in the nest 10 minutes.
S&P 500 is still under selling pressure. It is trading its day-lows now at 1143,24. The weakness is wide spread. Except consumer staples all the sectors of S&P 500 is trading with moderate losses. The main laggard at this hour is the financials, down 1.31%.
U.S dollar is making a comeback, trading with confidence at 77.19, up 0.60%. The strength of dollar, mainly against euro, was mainly due to the worries about Greece's financial situation.
Consumer sentiment, The University of Michigan's Consumer Survey that questions 500 households each month, was just released. The numbers came rather disappointing. Though it is better than the last reading of 72.5, it is still much lower than the widely expected number of 74. Sellers immediately redoubled their efforts, sending S&P 500 to its day-lows.
Meanwhile, industrial production also showed signs of weakness, though the 0.6% growth was widely expected.
Eyes are turned to consumer sentiment which will be released in the nest 10 minutes.
S&P 500 is still under selling pressure. It is trading its day-lows now at 1143,24. The weakness is wide spread. Except consumer staples all the sectors of S&P 500 is trading with moderate losses. The main laggard at this hour is the financials, down 1.31%.
U.S dollar is making a comeback, trading with confidence at 77.19, up 0.60%. The strength of dollar, mainly against euro, was mainly due to the worries about Greece's financial situation.
Consumer sentiment, The University of Michigan's Consumer Survey that questions 500 households each month, was just released. The numbers came rather disappointing. Though it is better than the last reading of 72.5, it is still much lower than the widely expected number of 74. Sellers immediately redoubled their efforts, sending S&P 500 to its day-lows.
Monday, December 14, 2009
Early Monday Trading
Stocks are holding to their early gains though the financials lag in the early Monday trading. The Index (XLY) is now at $14.33, down 0.43%. S&P 500, on the olther hand is trading with handsome gains at 1,111.91, up 4.68 points.
Crude oil is having an 8-day straight loss at the stock exchange unlike the other commodities. U.S dollar also had a hit today after reaching its 2-month highs.
The news came rather interesting for Dubai's recent financial problems. Abu Dhabi's $10 billion dollar aid to Dubai will ease the immediate financial obligations to Dubai's creators. Though, this news doesn't seem to stop the selling-pressure on crude oil, still trading with losses at $69.57 a barrel, down 0.43%.
Meanwhile Citigroup (C) finally unveiled its plan to repay the TARP funds. Citigroup excepts to raise about $17 billion by cashing out some of its own stock. The announcement sent the shares of C down almost 5% to $3.76 a share. At this moment it has just found a support from its August-low of $3.70 a share.
Crude oil is having an 8-day straight loss at the stock exchange unlike the other commodities. U.S dollar also had a hit today after reaching its 2-month highs.
The news came rather interesting for Dubai's recent financial problems. Abu Dhabi's $10 billion dollar aid to Dubai will ease the immediate financial obligations to Dubai's creators. Though, this news doesn't seem to stop the selling-pressure on crude oil, still trading with losses at $69.57 a barrel, down 0.43%.
Meanwhile Citigroup (C) finally unveiled its plan to repay the TARP funds. Citigroup excepts to raise about $17 billion by cashing out some of its own stock. The announcement sent the shares of C down almost 5% to $3.76 a share. At this moment it has just found a support from its August-low of $3.70 a share.
Thursday, December 3, 2009
New 2009 Highs for the Stocks
Stocks surrendered their fresh 2009 highs after ISM Non-Mfg Index tumbled. It is down 2 points to 48.7. The Index surveys 400 firms from different sectors including not not limited to construction agriculture, wholesale trade and retail trade. S&P 500 finally found support at 1,106.87. Stocks are now trading with a mixed fashion. Financials are leading the market with moderate gains, up 0.78% at 14.78 (XLF). The main laggards are Materials and Energy, down, 0.72% and0.84% respectively.
Meanwhile, the greenback is making a comeback as Gold fell into the red territory. It is now trading with some moderate losses, last traded at $1209.50 an ounce, down .47%.
All the eyes are now turned to the The Employment Situation, which will be released at 8.30am tomorrow. The consensus is at 10.2%, unchanged from the previous reading.
Meanwhile, the greenback is making a comeback as Gold fell into the red territory. It is now trading with some moderate losses, last traded at $1209.50 an ounce, down .47%.
All the eyes are now turned to the The Employment Situation, which will be released at 8.30am tomorrow. The consensus is at 10.2%, unchanged from the previous reading.
Tuesday, December 1, 2009
New Record High: Gold
Stocks have started the session with handsome gains pushing S&P 500 almost all the way to its new fresh highs for the year. The strength is coming from commodities and the weakening dollar. Crude oil is now trading with strong and confident gains last traded at $1,192.30 an ounce, up $13.8 though, down from its earlier record high of $1,200.49. U.S. dollar index on the other hand, is under selling pressure, 74.44 down 0.58%.
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