Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
weak job numbers.. this is going to ignite rebound
MetalFillboy
this is awesome!
the next stop would be 50ma 41.69 but i think we bounce
yep looks like they are keeping door open -- not a bullish scenario
2:17 FOMC hikes rate to 5.0%, opens door for possible pause
2:17 FOMC vote unanimous
2:17 FOMC maintains calm March 28 view of inflation outlook
2:17 FOMC: Housing, lagged impact of rate hikes to slow growth
an hour to go -- the tension is building
Chico I sold my put that I bought the same time as you did..
I think Dow All time high is too much a magnet and we will see a bump today in markets after fed
csco was 1 cent shy but up in afterhours trading
Interesting I wonder if there is historic data about what market does when rates stop to rise-- another thing I remember is that Greenspan used to end rate hikes with a big hike kind of like a exclaimation point.. everyone is calling for quarter point .. perhaps they might announce ending of rate hikes but with a half point move.
I disagree - as I said yesterday everything Bush administration does is politics over policy - Ben is going to spin the economy as good as he can because it is election year and Bush approval ratings are in the toilet. That means pause in rate raising--
Now a pause means a couple of things - that rates might not being going down anytime soon and that rates might not go up again in a few months - it is wait and see what the economy is going to do.
we are definitely gonna stop day with gap down tomorrow -dell warned and apple's new macbook (ibook) isn't going to be released tomorrow despite web rumors
what about a straddle? buying qqqq 42 put and 42 call -- whatever happens tomorrow it is going to move the qqqq -
POKERSAM
well it isn't my dislike of administration -- it is the statement I said "politics trumps policy" with this administration - talking about motivations of this Administration is as legitimate as talking about DA BOYZ - we are in election year I am sure there is huge ammounts of pressure on this new Fed chair to stop the rate hikes and spin economic news as wonderful .
I think market is going to hang in tight range until the Fed meeting..
the question is what is fed going to do?
if they pause then market explodes
if they continue market tanks
I think that inflation is a huge worry and weak job numbers show that we might be entering a period of stagflation.. however since this is new Bush appointed Fed chairman - the Fed can no longer been seen as an unbias institution - like everything else in Bush administration politics now trumps policy therefore I bet Fed stops rates and paints a rosy "strong economy" no inflation picture - I would think this is last interest increase till after nov elections.
apple won the lawsuit in UK
apple records (the beatles) sued apple computer because of name but court ruled in favor of apple computer
LC
just wondering if you are still holding this short?
nope i said in that post yesterday
"My head says we have a big quarter but we have had historically bad job growth for last few years (thanks Unnamed Administration) no reason to start now"
hahaha
WASHINGTON - New hiring slowed significantly in April as employers added just 138,000 people to their payrolls, the slowest pace of job growth in six months. The overall unemployment rate held steady at 4.7 percent
I nailed that one
http://www.investorshub.com/boards/read_msg.asp?message_id=10964170
actually this is the worse possible news because hiring was low but wages sharply increased which addes to inflation fears
well Glen don't want to get into political discussion every President has had challeges during their administration- but if you look at the facts you can see that Bush has the worse jobs creation record of any President since Hoover.
hahah I will answer that -- The market is looking for 180,000 -200,000 anything toward 200,000 or higher is bad for stock market because of inflation fears.
anything below 180,000 would cause a big rally.
My head says we have a big quarter but we have had historically bad job growth for last few years (thanks Unnamed Administration) no reason to start now
Market looks good now but there is employment report tomorrow which could move markets back down
actually it was the infamous article in barrons in March 2000 that popped the internet bubble.
WFMI - darn i was looking at this stock going into earnings..I have played it before and it ALWAYS beats earnings last quarter they had some challeges so I got gunshy yesterday .. kicking myself
what does that mean?
can you explain?
FYI wall street journal is open and free for next week http://www.wsj.com
hmmm it was dull yesterday also!
Dow really pulling away -- will it take Nasdaq with it?
A question for group . I really love these excel files helping me become a disipline trader
a question on thursday qqqq ended on R2 but candlesticks and other indicators pointed to an up day on friday and yet we had down day (because of Microsoft earnings)
I have a few questions
it seem to me on thursday r2 was really strong because qqqq kept on coming back to it all day.. has anyone tested such a thing?
that is the length of time a stock(or index) stays at r1,r2, s1 ,s2 might determine it's strength ?
also is there any other signal that might be used in conjunction of the supports and resistance which would help deduce where market is going (short term).
Ken
actually it depends when you trade qqqqs - this is first week of may options therefore the time premium is greatest so any movement in qqqq in not going to translate in big movement in qqqq options --
when you get to last week of qqqqs there is almost zero time premium so there is potential for huge moves in options multi times in that week.
I am totally in love with trading qqqq options -- The thing I love about them is that they really seem connected to technical trading -- there is less of story than stocks --
also the daily upside and downside of qqqq is limited so it makes me a better trader .
for example today -- qqqq were down about .9% this morning --Instead of getting greedy and hoping for more downside I know in my mind that it will be very hard for qqqqs to lose 2% in a day..
and because there is still a time premium in options that it just wasn't worth it to try to squeeze out more profit from this trade
so I just got out with my 33% profit and will wait for next trade.
microsoft missed earnings
Microsoft Corp. said it earned $2.98 billion or $0.29 per share in the third quarter, compared to $2.56 billion or $0.23 per share in the prior year quarter. Analysts surveyed by First Call/Thomson Financial expected the company to earn $0.33 per share. The quarterly results included $0.03 of legal charges, and the prior year quarter included $0.05 per share of legal charges.
The company's revenues for the quarter were $10.9 billion, in comparison with $9.62 billion in the same period of last year. Analysts had a consensus revenue estimate of $11.04 billion for the quarter
stuck at R2 42.23 area
Fed Beige Book finds steady growth, cooling housing market
WASHINGTON (MarketWatch) - Although Federal Reserve forecasters expect the economy to slow later this year, the message from a Fed survey of economic conditions through mid-April is "not yet." Only the New York region out of 12 Fed districts reported the rate of growth "may have slipped a bit," through mid-April, according to the Fed's Beige Book report on economic conditions released on Wednesday. Most of the other districts reported growth continued to expand, although a different rates. Three Fed districts - Minneapolis, Kansas City and San Francisco - reported "solid" growth, while others described the rate of growth as "modest" and "steady." The picture that emerges of the economy is not much different that the last beige book report released in mid-March, when the Fed found steady, unspectacular growth.
beige book coming out at 2pm == this might be catalyst to move market
Poker
I think that it is fundenmentals that will ultimate bring this market down.. it is historically overpriced I thought after 2000 and 2001 we would get huge correction - now it looks like we are in a mid 70s market were stocks market will just stay the same for the next 5-10 years.
Jerry
thanks for the reply - I understand the resource issues - I personally think it is worth the effort and resources to create a mac version of your product.
I have been involved with the web since the early 90's and I have seen time and time again - Applications that develop for multiple operating systems tend to become more successful than those that just develop for windows only.
The classic example is real player. When real audio first came out it wasn't the first streaming audio player it was one of many many players that jumped into this market, however real was the only one that developed a mac player This made it stand out of the pack and helped it become universally adopted.
As I said in my previous post there are no good stock apps for mac - this market is wide open for the taking. You would definitely become a big fish in small pond if you developed for mac.
I vote that this board is too bearish -- between the general negative swipes at the market and horrible news of the day postings it is hard to get a bearing on where the market is headed short term.
Believe me I am no fan of this Administration and what they have done to US economy and do believe that were are in a long term bear market but market's reaction to news and fundementals is more complex than many spin them here.
Jerry where is mac version of Medved Quotetracker!!!!!!!!
There is absolutely zero mac stock tracking apps worth anything if you developed one you would have the entire (growing) market
Core inflation less than predicted -- this is going to cause huge opening...
today is first night of passover -- wondering if trading is going to be thin the rest of week