The market review for April 9

on an index Dow Jones. Investor sentiment continues to spoil the situation in Greece, where rising bond spreads, which leads to increased cost of external borrowing for the country and, consequently, increase the risk of default.Published prior to bidding on the number of applications for unemployment benefits for the week ending April 3 were weaker than forecast and contributed to sales at the opening session. The value index increased by 21 thousand, although experts expect a decrease of 3 thousandTo reverse the downward trend was only with the advent of the March data on retail sales that are in various commercial networks have grown from 2% to 13%. As a result, just two hours after the start of trading stock indices climbed on the positive territory.

As a result of trading on April 8 the Dow Jones index rose by 29.55 points (0.27%) – up to 10,927.07 points, NASDAQ – at 5.65 points (0.23%) – up to 2,431.16 points, S & P – by 3.99 points (0.34%) – up to 1,186.43 points.
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The market review for April 8

On Wednesday, April 7, trades on the American stock market started lower prices. There is still strong concerns about the ability of Greece to resolve debt problems, investors fear that Athens may revise the agreement on assistance from the EU and the IMF. In addition, two unsuccessful attempts to overcome the mark of 11000 items index Dow Jones instill fear, which is higher than the market can not rise, and hence there will be no inflow of new portions of investment capital. Against this backdrop, prudent bidders preferred to reduce the portion of long positions, while the indices did not go far from the many months of highs.

Only a short time was able to cheer up the players Fed Chairman Ben Bernanke, who reported the stabilization of the economy and the beginning of its growth. As noted by B. Bernanke, financial crisis for the most part passed, but there are still problems associated with an increase in the number of delinquency on mortgage loans, weak commercial real estate market and the negative situation on the labor market. But there is no problem with inflation, which will postpone the implementation of measures aimed at reducing the federal deficit. “But in the long term will have to choose between higher taxes and reduced public expenditure” – warned the head of the Fed.

As a result of trading on April 7th the Dow Jones index dropped by 72.47 points (-0.66%) – up to 10,897.52 points, NASDAQ – at 5.65 points (-0.23%) – up to 2,431.16 points, S & P – by 6.99 points (-0.59%) – up to 1,182.44 points.

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The market review for April 7

Bidding on the U.S. stock market on Tuesday, April 6, begin to reverse the quotations. Investors re-awakened concerns about the stability of the Greek economy, after news surfaced about the country’s intention to review the arrangements for assistance from the European Union and the International Monetary Fund. Greek Finance Ministry has denied such reports, but the European currency still fell in price, pointing to a low degree of investor confidence in the authorities of the country that has led her to preddefoltnogo state.
br> During most of the trading session, market participants expect the Fed meeting minutes publication. At the March meeting, the regulator has kept key interest rates at historic lows for the sake of stimulating economic growth. Now investors are looking for guidance on that when the rate can be increased. And this would be necessary, since the threat of large jump in inflation.

Comments Fed bidders completely staged. The regulator said the continued economic recovery, and identified the factors that slowed the process: tapering off effect of tax incentives, weak labor markets and property, lack of adequate credit facilities and uncertain revenue growth. The most significant was the statement that the latest inflation has not significantly reached into the Fed’s forecasts, which will allow for quite a long time to keep interest rates low. After the publication of minutes of meetings of the regulator stock indexes managed to get a plus. Dow Jones, though, for a long time in the positive territory did not stop. read more

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The market review for April 5

Technical Perspective: Sizeable price swings intraday Thursday, with new yearly highs for the Dow/S&P 500 and an outside day for the Nasdaq Comp (exceeded entire previous range for the week), but the end result was essentially an extension of the established trading range. The non-confirmation from the Nasdaq (and certain sectors) along with an outperformance of the Dow versus the S&P over the last two weeks is a reflection of some increased caution. Initial resistance above the recent highs/range top (1180/1181) is in the 1185/1187 area, followed by an extension target near 1195. Support under congestion and the low (1172/1170) is in the 1166/1165 area.

CALENDARS
Key economic data:
-March ISM Services at 10:00 a.m. ET (consensus 54.0; prior 53.0)
-February Pending Home Sales m/m at 10:00 a.m. ET (consensus -1.0%; prior -7.6%)

Federal Reserve/Treasury:
-None

Key Note/Bond auction results:
-$8 bln in 10-year TIPS reopening at 1:00 p.m. ET read more

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The market review for March 22

Technical Perspective: The major averages formed an outside day (lower low/higher high) with a lower close Friday, which is a weaker sign following Thursday’s indecision and amid the extended technical posture. There were some last minute upticks and Monday’s have been consistently positive of late, so the early portion of the week will provide a key read on the underlying strength of this initial slide off the 52-week highs. There is a minor resistance near 1162, with a more important short-term barrier at 1165/1165. A breach and close under the low raises potential for additional corrective trade.

CALENDARS
Key economic data:
-None

Federal Reserve/Treasury:
-Atlanta President Lockhart speaks on the U.S. economic outlook at 3:45 p.m. ET
-Secretary Geithner speaks on financial reform at 4:30 p.m. ET
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The market review for March 19

Key earnings/guidance since the prior session’s close:
-Palm (PALM) missed by $0.19, ex items, in Q3 (Feb), despite reporting much better-than-expected revenue of $366.0 mln (First Call consensus $316.2 mln). On its call, the company guided for Q4 revenue of less than $150 mln (consensus $305.8 mln), as tepid demand for its smartphones left wireless carriers with piles of excess inventory. It also sees gross margin only in the mid-teens (consensus 26.6%). Shares of PALM are down over 15% premarket.
-Sunpower (SPWRA) beat by only a penny, ex items, in Q4, despite reporting much better-than-expected revenue of $548.0 mln (consensus $490.9 mln). The company issued downside Q1 guidance, seeing EPS of $0.12, ex items (consensus $0.34), and revenue of $330-$350 mln (consensus $427.3 mln). It issued mixed guidance for 2010, seeing EPS of $1.25-$1.65, ex items (consensus $1.78), and revenue of $2.00-$2.25 bln (consensus $2.1 bln). Shares of SPWRA are down 10% premarket.
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The market review for March 18

Technical Perspective: The upside momentum has been very impressive over the last month — S&P 500 higher 12 of last 14 sessions, up 7.7% off late-February low (1086); higher 21 of last 28 sessions, up 12% off February low (1044.50). While this kind of run has created an extended technical posture with some upper tails (NASDAQ 100/QQQQ possible inverted hammer/shooting star), the minor seven point afternoon dip in the S&P inflicted no damage. A failure to take out the high (1169.84), along with a breach and close under the low (1160), would be needed to argue for further short-term corrective trade. Resistance above the high is at 1172/1173, with a secondary zone at 1175/1177. Initial resistance under the low is at 1157, followed by the 1153/1150 area.

CALENDARS
Key economic data:
-Initial Jobless Claims for the week ended March 13 (consensus 455,000; prior 462,000) and Continuing Claims for the week ended March 6 (consensus 4.522 mln; prior 4.558 mln) at 8:30 a.m. ET
-February CPI m/m (consensus 0.1%; prior 0.2%) and y/y (consensus 2.3%; prior 2.6%) at 8:30 a.m. ET
-February core CPI, which excludes food and energy, m/m (consensus 0.1%; prior -0.1%) and y/y (consensus 1.4%; prior 1.6%) at 8:30 a.m. ET
-Q4 2009 Current Account Balance at 8:30 a.m. ET (consensus -$119.0 bln; -$108.0 bln)
-March Philadelphia Fed business outlook survey at 10:00 a.m. ET (consensus 18.0; prior 17.6)
-February Leading Indicators at 10:00 a.m. ET (consensus 0.1%; prior 0.3%)
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The market review for March 15

The U.S. stock market on Monday, March 15, pessimism prevailed. Investors are once again becoming concerned about all the real prospect of tighter monetary policy of China. Rising interest rates in the country, Morgan Stanley analysts expected in April, and thus slow the global economy is not far off. In addition, published statistics on the volume of a weak non-residents investments in U.S. assets in January – it amounted to 19.1 billion dollars, while the December value of the index was at 63.3 billion dollars, and in November – 126.4 billion U.S. Unexpectedly for market participants in February in the U.S. increased industrial production – by 0,1%. Experts expect that figure will remain unchanged. The increase in industrial output allows you to make predictions about the upcoming increase in orders, investment in fixed assets and the creation of new jobs. However, this share is not positive enough for it to withdraw all U.S. indexes in the “plus”.

As a result of trading on March 15 2010. Dow Jones index rose by 17.46 points (0.16%) – to 10,642.15 points, S & P – on 0.52 points (0.05%) – to 1,150.51 points and NASDAQ fell by 5 45 points (-0.23%) – up to 2362.21 points,
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The market review for March 11

Wednesday, 10 March, U.S. stock indices continued to slowly climb up. Members of the market encouraged by news of falling wholesale stock in January at 0.2% after falling 1% in December. The sale of companies in the past month increased by 1,3% after December’s 1.2%. Based on these data, investors concluded that despite the pessimistic expectations of business in relation to demand, they will have very soon to replenish reserves that will be a clear sign of economic recovery. Two hours before the end of the auction were published rates of the U.S. budget for February, the deficit which amounted to 220.9 billion dollars, or slightly better than expected (223 billion U.S. dollars). Fivefold increase in the deficit from the January level due to the cost of incentives, including grants to small businesses.

As a result of trading the Dow Jones index rose by 2.95 points (0.03%) – to 10,567.33 points, NASDAQ – at 18.27 points (0.78%) – to 2,358.95 points, S & P – at 5.17 points (0.45%) – up to 1,145.61 points.

Continuing and rapid growth of capitalization of the largest U.S. insurance company American International Group Inc., Adding to the environment is 10,59%. At this time the reason for optimism began to improve the situation with the company’s bonds. Over the past two weeks, their value increased by 13 cents – up 79.5 cents for a paper that was the best result among issuers included in the calculation of indices Bank of America Merrill Lynch. Bondholders reasonably expect to repay the obligations of funds attracted from the sale of the assets of AIG. Surprising the experts is the fact that the division of the insurance company can not sell without a discount to fair value. Other industry representatives also were in demand: Unitedhealth Group Inc. went up by 0,48%, WellPoint Inc. – On 1,71%, MetLife Inc. – On 2,38%, Aflac Inc. – On 2,38%, Aetna Inc. – On 1,34%, Cigna Corp. – On 0,82%.

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The market review for March 2

Monday, March 1, the U.S. stock market was dominated by buyers due to good macroeconomic statistics and, increasingly, corporate news. From the published positive data it is worth noting than expected growth in personal expenditure and the Americans in January were higher than the January forecast of spending on construction. Both figures indicate that consumption in the United States is rising faster than expected, but it is necessary for sustained economic recovery. In addition, market participants expect the European Union declaration on measures to address the debt problems of Greece. Against this backdrop, the U.S. stock indexes spent the day in positive territory.

As a result of trading on March 1 2010. Dow Jones index rose by 78.53 points (0.76%) – to 10,403.79 points, NASDAQ rose 35.31 points (1.58%) – to 2,273.57 points, S & P added 11.22 points (1.02%) and finished the day at around 1,115.71 points.
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