Market commentary June 16

Dow Jones industrial average

16 June Open: 13-110. High: 11990.02 low: 11875.77 close: 11961.52 change: + 64.25 (+ 0.54 percent). Rsi: 33 MACD:-144Strategy: markets closed with fresh gains yet again after some relief from jobless data, entering purchase relief rally. However, the market shows signs of tire.

Overview: Stocks in the US gained a relief as jobless claims had fallen back some short buying at lower levels and fears about Greece's debt problems started quickly discounted at these levels.

The Dow Jones average of industrial gained 64.25 points or 0.54 percent to 11,961.52. The broad-based Standard and poor 500 index advanced 2.22 points, or 0.18%, to close at 1,267.64. However, the tech heavy Nasdaq composite index fell 7.76 points, or 0.3%, to 2,623.70.

The Dow was led by American Express 2.39%, Hewlett Packard 2.07%, Home Depot 1.83% and Cisco 1.42%. However, the Dow to close the lower included Alcoa-1.14%, 1%-Walt Disney, JP Morgan-0.80% and Du Pont-0.40%. 25 Dow components led Rally as only four index stocks from the Dow shed weight.

Utilities 0.8%, consumer staple 0.8% and 0.6%, Financials remained in focus areas.

To change an improved set of indicators, data released by State agencies, cheering on the market, sparking a relief rally.

The Labor Department reported new claims for jobless benefits fell 16,000 to 414,000 claims last week.

New construction began in may, 560,000 homes up to 3.5% from the previous month.

Prospects for the bailout of Greece has improved somewhat, after the IMF agreed to continue to support Greece via e-mail.

The new company, shares of BlackBerry maker Research in motion has plunged 15% in after-market after RIM cut full-year guidance and confirms the will start reducing jobs.

Kroger quarterly earnings rose to 70 cents a share, beating analysts ' expectations for 64 cents per share. Shares was 4.5%.

In M and A deals, equity transferring energy confirmed the move to buy Southern Union for $ 7.9 billion. Shares of South Union shot up 18%.

The dollar strengthened against the euro and British pound, but oversupply against the yen.

Oil for July delivery rose 14 cents to $ 94.95 a barrel,

Gold delivery slated for August won $ 3.30 to $ 1,529.90 a gram.

The day begins

Friday

Consumer sentiment in June

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

by Larry Swing
Larry@mrswing.com
Can the crib is with you ...

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Market commentary June 17

Dow Jones industrial average

17 June

Opening: 11962.66

High: 89 12072.

Low: 11962.51

Close: 12004.36

Changed: + 42.84 (payroll employees%)

Rsi: 33 MACD:-144Strategy: markets closed with fresh gains yet again after some fresh hopes of agreement on the second bailout package offered in Greece has been improved, which brought relief to the markets of the rally. However, the market shows signs of fighting near 12,000 points.

Overview: Stocks at MAS gained for the second consecutive day on a relief as betting a bailout package offered in Greece has been improved, and a sharp decline in oil prices helped Dow close the week with gains after two and a half months near by.

The Dow Jones industrial average advanced 4.84 points or 0.33 per cent, to close at 12,004.36. The S and P 500 gained 4 points, or 0.3 percent, to 1,271.50, ending the week virtually flat. The tech-heavy Nasdaq composite however fell again by about 7 percentage points, or 0.3%, to 2,616.

The upheavals among the components of the Dow to push markets higher included Microsoft travellers 1,12%, 1.1%, JP Morgan 1.09% and IBM 1.09%.

The losers among the Dow components included Intel-1.07%, Cisco-0.53%, Alcoa-0.47% and Chevron-0.26%.

A total size of 23 Dow components advanced in the session, as well as for the other seven score.

Financials (+ 0.9%), Telecom (+ 0.8%), consumer discretionary (+ 0.7%) and consumer staples (+ 0.6%) areas remained in the spotlight.

The Greece bailout continued to watch movements as mode changes in the attitude of the participants in the EU. The Greece called a new Finance Minister and a former Defense Minister said would replace George as Minister of finance.

Meanwhile, German Chancellor Merkel ensured Andrea away from its previous statement that private banks be required to help bail out Greece's economy.

Another world economy related news, Moody's said a prison for a downgrade Italy creditworthiness.

The Conference Board's leading economic indicators rose by 0.8% in may, compared with a rise of 0.4% economists had forecasted.

However, data released continued to be mixed, with most recent consumer sentiment drop to 71.8 from over 74 in the previous month, showing confidence shaken in fresh generation of jobs. Analysts had forecasted level consumer sentiment to 73.5.

A M and a new chapter, a late Thursday said it plans to acquire e-banker ING Direct, making it the fifth-largest u.s. Gatherer deposit Bank shares fell by 0.5%.

BankRate.com shares fell 1% public debut. The website economics priced its initial public offering at $ 15 a share.

Deviation of the dollar against the euro, Yen and British pound.

Gold Futures for August delivery rose $ 9.20 at $ 1,529.20 a gram.

However, oil futures continued to exhibit correct and those marked for delivery July he came down from $ 93 a barrel.

The day begins

Monday

Any significant economic indicator

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

by Larry Swing
Larry@mrswing.com
Can the crib is with you ...

View the original article here

(II) shipments: Walker rejected Union offer to accept concessions

From Milwaukee Sentinel journal:

...The statement was in response to joined cases a statement earlier on Saturday by [State Senator] Erpenbach mentioned he was informed that all State and local trade unions of public servants had agreed with the financial aspects of the budget repair bill Walker. Erpenbach added in his statement that groups like in turn for Walker to agree to let labor groups negotiate collectively, as they do now.

Since collective rights do not themselves have a direct financial impact and, then, is unclear--from a financial perspective--why agreement cannot be done.

Local Fox news affiliate appreciates the numerous anti-bill 70,000 and tea party supporters of the Bill of the Governor of hundreds.

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Shipments III: sorry ...

From the Wis. legislation imposing "regrets" endorser Walker, Thousands protest at Capitol, "Channel 3000:

[Executive Board Chairman of the Association enforcement Wisconsin] Writes Tracy Fuller, "will make an effort to speak, and each Member of the Wisconsin State patrol when I say this ... Sorry for the approval of the Wisconsin Association of Trooper Scott Walker for Ephemeris. With regret the Governor decided to ' adopt ' the troopers and State patrol inspectors Wisconsin. I regret that the recipient of any of the expected benefits provided by chrisi Governor. ...

...I think all of the job and career is just as important as others. Family everyone is just as valuable as mine or other persons, including mine. All needs are just as valuable. We are all very people!! "

An interesting fact I learned from this article: the Capitol and the University of Wisconsin police reserves the right to collective bargaining.

Another interesting effect of Wisconsin is that transit systems will lose around 45 million dollars in funds from the Federal Government under Bill of Governor Walker. From "Walker proposal could lead to 7.1 million dollars to cut aid Federal Madison Metro Transit, Wisconsin State Journal:

The State received millions of dollars in Federal 73,9 transit funding in 2010, including 22.5 million dollars for the Milwaukee area and 7.1 million dollars for Madison, in accordance with the invoice.

Approximately 27.3 million dollars for the Milwaukee area likely would not be affected because Milwaukee County has a contract with a private company, for the execution of the transit service, says the memo.

But the remaining $ 46.6 million, including funds for Madison, "could potentially abnormal" due to the proposal of the Governor, he says.

This happens because:

.. federal law requires continued. collective rights concerning wages, pensions, working conditions and other requirements to Federal transit funds, according to a legislative fiscal Bureau invoice.

The article notes, "[t] his Walker Administration did not respond to a phone call and e-mail" in this respect.

Empirical question of the day: who [which income decile] based more city bus systems in Wisconsin?

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Recovery Rally at GM, Ford

General Motors (GM) and Ford (f) have very different structures nearby chart with GM exhibit a more constructive near term pattern from Ford.  Nevertheless, the two names are in various stages of recovery from the rally highs early February.

Revision graph compare 60 minutes in both, we can see that the Ford Jan double-top 18,97 and 18 88 ending upleg outside of 29 June low to 9.75. Ford has disabled the Feb 3 low at 15.10 and marking in and around mid-15.

GM is a constellation of next triangle, having come out of Feb 3 low 35.13, which ended the correction off Jan 6 high at 39.48. Our objectives are 38 and then 38.60.

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History repeating with YPODIAiRESIS providing intraday reversal lesson

Did you learn the lesson I showed Wednesday titled "Using YPODIAiRESIS prediction intraday starting? If not, here is yet another opportunity to learn an important lesson – history repeats itself the set-nurseries/pattern almost exactly today formed on Wednesday.

Let's look at the current chart as another example of vital this concept:

Click for full-size image.

I will not have time to explain all the concepts that I did in the previous entry in the provision of intraday starting with YPODIAiRESIS – be sure to view the location for complete details.

The idea is that YPODIAiRESIS can achieve a mark of punching One-Two "when it comes to intraday futures index or ETF trading.

The first punch is the multi-swing negative deviation of YPODIAiRESIS, which you can see above. The value pushed and successively higher intraday highs, extreme YPODIAiRESIS did not confirm the high – resulting in a multi-swing divergence.

The second "Punch" is kick-starting signal, wherein YPODIAiRESIS pushes into new intraday highs when value clearly does not produce a new intraday low.

When you receive a multi-swing YPODIAiRESIS deviation followed by YPODIAiRESIS Kick-offs, the first thing to do is close your longs immediately.

Secondly, for aggressive traders – or just your typical experience of intraday trader – you can see a profit for a high-probability (although never guaranteed) Intraday reversal triggered through analysis of a price trend line.

I can show you three opportunities to get short term:

1. the more aggressive entry was about changing the trendline morning before kick-starting signal

2. the allocation of values just after lunchtime gave the first kick off signal as price broke the little support of the 134.55 $ low. The suspension will go over the immediate swing high at $ 134.65 or, preferably, more than intraday high at $ 134.70.

3. the allocation "Bear flag" is one of my very favorite occupations, and came with a small deviation YPODIAiRESIS. This entry is a little less than $ 134.40 (line voltage) and stop over $ 134.50.

Remember if you use ETFs, the values will be different, just as you would have if you are trading futures contract @ ES (my preference for intraday trading), but the new structure/logic/concepts/set-enterprises will be similar.

You can still receive the SPY trade outside the trigger, and then run in your preferred commercial vehicles.

As always, these are lessons that describe/teach ideates report each day for the TRADE.

And why is it important to take time to learn these lessons and concepts?

Because they repeat. What happened today occurred Wednesday (and many times in the past) – those who were aware and prepared had a much better opportunity to recognize this evolution in real time and thus benefit from the opportunity.

Here is the chart of Wednesday as comparison report:

What happened Wednesday both top and bottom are almost identical to what happened today.

Needs time to learn a few concepts and trading intraday tricks – history will repeat … sometimes sooner than we all think.

Corey Rosenbloom, CMT
Afraid to Trade.com

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Kauffman Foundation survey: improves economic Bloggers Outlook

The Kauffman Foundation published today the new quarterly survey of leading economic bloggers and the General outlook from this group is that there is "a bit of hope" Gust on the horizon, according to a press release. Capital Spectator are surveyed.

Some extracts of the report ...

? Bloggers economy is less pessimistic in their outlook on the American economy than at the end of 2010, although 77 percent believe total conditions are mixed, facing a recession or depression. For an economy where growth is the norm, 31% of respondents believe that the American economy is worse than the official statistics indicate, and only 10 percent, believe is appropriate. When asked to describe the economy with five adjectives, uncertain remains the term most commonly used to describe the economy.

? The number of competing explanations for the recovery of the unemployed can be a bit mind-numbing, but the list of bloggers in economics had a very strong emotions were true and that it was not. Away and the most popular explanation (with a 95 percent agreeing and full majority agreeing strongly) was the reluctance of companies to recruit in an uncertain macroeconomic. Two other explanations have been supported by four-to-one margin: a structural change in the demand for work (e.g., more knowledge, jobs and a secular decline in muscle jobs) and a general decline in aggregate demand. This means that bloggers, I think both recessionary ananeoymena and technological change in the economy is to blame, either face each other. The two ideas rejected bloggers are (1) the theory that associations and employees have lost negotiating power, and (2) the USA wealth has grown labor-Recreation Association, to the extent that people will be more willing to tolerate, leaving their labour force.

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