dow

This may be a key turnover day for all markets. Specifically, the EURO, DOW, and CRUDE are now registering "NO CONFIDENCE" on the previous DOWNTREND signal and really only has to hold in this range to turn the signals. Price to look out for on the EURO is 1.2745 and the DOW is 10149.71.

Good day ladies and gents! Here’s my take on the US economy. In today’s feature is actually the daily chart of the Dow Jones Industrial Average or DJIA. For those who do not know, the DJIA or DJI is the stock index of the 3o biggest US companies. The index of course, reflects the present average prices of the included companies.

If you needed any more proof that the economy is slowing down, look no further than how well McDonald's stock is doing.

EURO(FX) and DOW in COUNTERTREND move

As I posted 2 days ago on TRADERPLANET, the COUNTERTREND MOVE is in effect in the EURO(FX), DOW, CRUDE OIL and by the way Bank of America and the NIKKEI(225) has been pretty negative through this last up move by the Dow
http://www.thedowinlivingcolor.com

Global equity markets surged overnight leading to the call for a sharply higher U.S. stock market opening. The markets received a boost from a strong rally in the Asian stock markets following good manufacturing news from Australia and China.

The Dow finished sharply higher after moving positive for the year. Slow and steady was the move on Monday as stocks opened higher then slowly built on their gains throughout the day buoyed by the news that U.S. New Home Sales beat estimates and FedEx boosted its forecast

Red alert on the Dow! Watch out! The Dow Jones Industrial Average (^DJI) is at risk of breaking down! From my last post about the index a couple of days ago (kindly check my past entry here), it has finally approached the neckline of a head and shoulders pattern. The NASDAQ, which I presented earlier today (see here), already shows a breakdown from the same formation.

ello to you all! Today’s blog is actually my first post regarding the US equities market, specifically the US’s Dow Jones Industrial Average. The DJIA’s price chart, as you can see, is very similar to the one of the S&P 500 which my colleague published earlier (see his post here).

The Pep Boys (NYSE: PBY) reported $0.23 per share from $0.21 per share a year ago. analysts average $0.23. PBY in line.

Net earnings for the first quarter of fiscal 2010 increased to $12.0 million from $10.9 million recorded in the same period last year. The first quarter 2009 results included, on a pre-tax basis, a $6.2 million gain resulting from bond repurchases.

You don’t have to be a trained stock market analyst to know that the past few years have been hard on the market. Even companies that were said to be too big to fail have found themselves holding worthless stock.

NEW YORK (AP) — Americans’ confidence in the economy rose in May for the third straight month, fueled by growing optimism about future job prospects.

Still, many worry improvements in shoppers’ mood and spending may be reversed because of sharp declines on Wall Street fueled by fears that a debt crisis in Europe could hammer global growth.

Source: Associated Press, Stephen Bernard and Seth Sutel, May 7, 2010, 11:49 AM EST

NEW YORK (AP) – Turbulence continued in the stock market Friday, a day after some of the most volatile trading in history.

Exciting couple of days on the market.

With the Dow having its worst intra-day drop ever yesterday, most of the commodities got trashed.

Over May 4 and 5, outstanding silver contracts on the NYMEX fell 3%. Copper contracts fell nearly 7% over the last three days.

Copper Contracts - Chart

Bottom Line: Fat fingers are to blame. Whatever the reason, the timing of the decline was more of a surprise than where we ended up.