رجل أعمال
عضو نشط
- التسجيل
- 15 نوفمبر 2002
- المشاركات
- 749
1. MORNING OUTLOOK
Pre-market futures are lower and suggesting that markets may open
flat to lower. Tech and health shares were among the decliners in
Europe on Friday, and mobile phone maker Nokia announced a restructuring
to give greater prominence to content. Tokyo stocks recovered by the end
of trade Friday as investors shrugged off a powerful earthquake in Hokkaido
and bought back recently battered technology and bank issues.
U.S. stocks posted steep losses Thursday but finished broadly lower
on worries about the overvaluation of some stocks and mixed data
that highlighted economic uncertainty. The Dow Jones Industrial
Average briefly flashed positive earlier in the session, having
fought off a multiyear low for component Eastman Kodak after the
company slashed its dividend.
Existing home sales rose
5.5 percent in August to a record 6.47 million units on a
seasonally adjusted annual basis, the National Association of
Realtors said Thursday. The rise in August sales was unexpected.
Economists had forecast that sales would slip to 6.03 million
units
In other markets, gold hit a seven-year high
before slipping back. Metals stocks were a negative component on
the day. A benchmark 10-year Treasury yield fell to a two-month
low Thursday.
Dow lost 81.5 points to close at 9344. Dow is trading with
negative momentum below 50 and above 200-Day MA. Dow has broken
the lower-trading channel limit but trading near key support
level. Trading below 9300 could ignite further sell-off while
traidng and closing above 9400 could bring some buyers interest.
DOW's resistance levels are: 9460, 9581, 9731. DOW's support
levels are: 9226, 9109, 9006. Nasdaq lost 26.5 points to close at
1817. Nasdaq is trading with negative momentum and could follow
Dow's trend in the next few sessions. NASDAQ's resistance levels
are: 1835, 1859, 1871. NASDAQ's support levels are: 1806, 1787,
1775. Friday's trading could be cautious and choppy.
Sectors to Watch:
Utilities,Telecom,Hldr,Capital Goods,Spdr
Precious Metals,Internet,Restaurants,Comm. Equipment,Financial
Index: [Support Levels] [Resistance Levels]
____________________________________
Dow: [9226 & 9109] [9460 & 9581]
Nas : [1806 & 1787] [1835 & 1859]
S&P: [991 & 978] [1016 & 1029]
_________________________________________________
2. FOREIGN MARKETS
( ± ) Asian Markets are mixed. HongKong [.03%]; Japan [.08%]; Korea [-2.26%];
( - ) European Markets are down. France [-1.29%]; Germany [-1.24%]; U.K. [-1.30%];
_________________________________________________
3. PRE-MARKET ACTIVE STOCKS
.....News Related
RIMM, MOT, LRCX, NVLS, GE, INTC, GS, DELL, CPN, HGSI, SLR, MANU, LWSN,
_________________________________________________
4. STOCKS TO WATCH
.....momentum stocks
RIMM,JBLU,AMZN,DCN,CREE,MOT,NCR,ERTS,HLT,LOW,SCH,EIX,ACV,
GDW,EBAY,TXU,EXC,NI,JHF,IFF,CCE,TRB,AEE,ED,LVLT
.....daytrading stocks
JBLU,QTRN,LVLT,EBAY,MSTR,RIMM,DELL,AMZN,MSFT,MANU
Pre-market futures are lower and suggesting that markets may open
flat to lower. Tech and health shares were among the decliners in
Europe on Friday, and mobile phone maker Nokia announced a restructuring
to give greater prominence to content. Tokyo stocks recovered by the end
of trade Friday as investors shrugged off a powerful earthquake in Hokkaido
and bought back recently battered technology and bank issues.
U.S. stocks posted steep losses Thursday but finished broadly lower
on worries about the overvaluation of some stocks and mixed data
that highlighted economic uncertainty. The Dow Jones Industrial
Average briefly flashed positive earlier in the session, having
fought off a multiyear low for component Eastman Kodak after the
company slashed its dividend.
Existing home sales rose
5.5 percent in August to a record 6.47 million units on a
seasonally adjusted annual basis, the National Association of
Realtors said Thursday. The rise in August sales was unexpected.
Economists had forecast that sales would slip to 6.03 million
units
In other markets, gold hit a seven-year high
before slipping back. Metals stocks were a negative component on
the day. A benchmark 10-year Treasury yield fell to a two-month
low Thursday.
Dow lost 81.5 points to close at 9344. Dow is trading with
negative momentum below 50 and above 200-Day MA. Dow has broken
the lower-trading channel limit but trading near key support
level. Trading below 9300 could ignite further sell-off while
traidng and closing above 9400 could bring some buyers interest.
DOW's resistance levels are: 9460, 9581, 9731. DOW's support
levels are: 9226, 9109, 9006. Nasdaq lost 26.5 points to close at
1817. Nasdaq is trading with negative momentum and could follow
Dow's trend in the next few sessions. NASDAQ's resistance levels
are: 1835, 1859, 1871. NASDAQ's support levels are: 1806, 1787,
1775. Friday's trading could be cautious and choppy.
Sectors to Watch:
Utilities,Telecom,Hldr,Capital Goods,Spdr
Precious Metals,Internet,Restaurants,Comm. Equipment,Financial
Index: [Support Levels] [Resistance Levels]
____________________________________
Dow: [9226 & 9109] [9460 & 9581]
Nas : [1806 & 1787] [1835 & 1859]
S&P: [991 & 978] [1016 & 1029]
_________________________________________________
2. FOREIGN MARKETS
( ± ) Asian Markets are mixed. HongKong [.03%]; Japan [.08%]; Korea [-2.26%];
( - ) European Markets are down. France [-1.29%]; Germany [-1.24%]; U.K. [-1.30%];
_________________________________________________
3. PRE-MARKET ACTIVE STOCKS
.....News Related
RIMM, MOT, LRCX, NVLS, GE, INTC, GS, DELL, CPN, HGSI, SLR, MANU, LWSN,
_________________________________________________
4. STOCKS TO WATCH
.....momentum stocks
RIMM,JBLU,AMZN,DCN,CREE,MOT,NCR,ERTS,HLT,LOW,SCH,EIX,ACV,
GDW,EBAY,TXU,EXC,NI,JHF,IFF,CCE,TRB,AEE,ED,LVLT
.....daytrading stocks
JBLU,QTRN,LVLT,EBAY,MSTR,RIMM,DELL,AMZN,MSFT,MANU