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Daily Market Analysis 07/05/09 (Important News)

http://www.marketwatch.com/news/story/US-Stocks-Slide-Declines-Paced/story.aspx?guid={5A2452E5-0F4C-4227-AABB-27272BF00928}

Daily Market Analysis 06/05/09

Overall the market has been rally even before it release the official stress test result,this result an overb
ought ,so when tmr the stress test release ,if it does not have over expectation of the test result,market will be tanking.And hence i personally believe that overall the market will not likely to breakthrough over 9000.And this week may well be up too,due to eurpohia ,and ppl are finding excuses to invest.

And personally i think the ADP employment is over esitmated by analyst that the losses is that large,due to market sentiment ,and also too give an example,when a person is seriously injured,he lose his blood in the beginning fast rate and slowly will decline,but it is still losing blood.And so it is common to have retracement even in economy issue.And that the same about the economy happening.And so with all the earning future guidance that low.I personally is expecting in “long term” the market will be going down.Currently I’m a bit bearish mode.And will wait for confirmation,as currently may has tend to be bullish in the first week ,on several years back,and now going to be the second week is coming ,that when u have to watch out for the important news tmr.the stress test ,and non -farm on thur and friday respectively.

News: by cnbc,Goldman saches,jp morgan bank of new york mellion will likely not need more capital\

News that are important

http://www.marketwatch.com/news/story/Text-Bernankes-testimony/story.aspx?guid={F84B23AC-F4B8-4909-AC74-E9FEA5166B51}

Daily Market analysis BMO 05/05/09

Remark: yestersday has abolute eurpohia,and although there are several bads new,only housing go up result in market rally in the world,and analyst state that recession is over,true,lol,because is depression,now.but due to over confident by the ppl,market will tend to rally this week.Today will be another up days.And asian market continue to rally today.

Resistance :8445,8775

Support:8365,8225

Daily Market Analysis AMC – 4/05/09

S&P 500 Spikes Past 900

[BRIEFING.COM] Stocks are now sporting a modest year-to-date gain after a strong session in which strength in foreign markets, better-than-expected economic data, and leadership from bank shares helped the S&P 500 ascend to its best level since January.

Monday’s gains were broad-based amid relatively high trading volume, which had showed signs of tapering off late last week. More than 1.7 billion shares traded hands on the NYSE this session.

Buyers took early cues from overseas markets, where Asian stocks marched higher following word that several Asian finance ministers ordered an emergency liquidity fund of $120 billion to be pooled. News that China’s second quarter GDP is expected to outpace that of the first quarter, and a better-than-expected April PMI report, provided additional support.

European bourses fed off the good news, shrugging off news that the European Commission expects the European Union economy to shrink 4% this year, which is down from the 1.8% contraction that it had previously forecast, according to The Wall Street Journal. Germany’s DAX gained 2.8% and France’s CAC advanced 2.5%. Britain’s FTSE was closed for holiday observance.

The upbeat tone abroad helped support a positive sentiment heading into the U.S. open. Optimism was further bolstered by news that pending home sales for March advanced by a better-than-expected 3.2% month-over-month. Though the news feeds into the housing recovery argument, it threatens to stall a housing recovery since interest rates could respond by moving higher.

Construction spending in March increased 0.3% month-over-month, exceeding the 1.6% decrease that was expected. In turn, the March report will likely be an incremental positive when contemplating first quarter GDP revisions.

The better-than-expected data helped propel the major indices markedly higher in a broad-based advance, but financials garnered the most interest. Led by diversified bank stocks (+20.5%), the financial sector gained 10.1%.

Despite what seemed to be a vote of confidence in banks, participants expect that several banks may need additional capital to satisfy the government’s bank stress tests, which are scheduled to be released on May 7.  In fact, an AP report said that regulators told Wells Fargo (WFC 24.25, +4.64) to shore up its balance sheet since the bank would have trouble surviving a deeper recession.  Earlier in the morning, billionaire investor Warren Buffett indicated in a CNBC interview that Wells Fargo and US Bancorp (USB 20.34, +2.38) would be fine if macro conditions deteriorated further. US Bancorp was actually put on watch negative by Standard & Poor’s, according to Dow Jones.

Participants’ determination to bid financial stocks higher supported buying in the broader market.  All 10 major sectors in the S&P 500 finished with gains of at least 1.5%, helping the S&P 500 cross the 900 level for the first time in months.

The positive tone in equity markets lent itself to the commodities trade, helping the CRB Commodity Index climb 1.5%.  June crude oil contracts closed at $54.43 per barrel, up 2.3%.  Gold futures shot above $900 per ounce to close 1.6% higher at $902.00 per ounce.

Meanwhile, the U.S. dollar slid 0.7% against a basket of major foreign currencies.

..Nasdaq 100 +2.2%. ..S&P Midcap 400 +4.2%. ..Russell 2000 +4.1%

Price level vs. 4 pm ET:  Stocks are now sporting a modest year-to-date gain after a strong session in which strength in foreign markets, better-than-expected economic data, and leadership from bank shares helped the S&P 500 ascend to its best level since January. 

All 10 major sectors finished higher. Financial stocks tacked on 10.1%, more than any other sector.

Stocks look to be taking a breather in after-hours trading. S&P 500 futures, which currently trade at 902.60, lag fair value by two points. Nasdaq 100 futures, which currently trade at 1424.50, trail fair value by three points.

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Daily Market analysis 01/05/09—BMO

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