Mar 7, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

Overview Of The Dow, Shanghai Stock Exchange And Nikkei

Posted: 07 Mar 2010 02:59 AM PST

Dow Jones

The Dow Jones has made a burst through the small ascending triangle on Friday and from the look of it looks like it will take on the previous high of 10728. 13,26D MA has turned up with the development of this rebound trend. We have to observe the DJ move as it tests 10728 to see if a new upward trend will develop from here.

Shanghai Stock Exchange

Several observations from the technical charts of SSE. The zone of 2900-3000 has formed a support/resistance zone and in … [visit site to read more]


Stock And Forex Market Review For The Week Ended March 6, 2010

Posted: 07 Mar 2010 12:01 AM PST

Markets continued to rebound this week. Why? Dramatic improvements in Greece? No. Solid economic news here at home? I don’t think so. A slew of positive earnings reports? Hardly. What are we to make of it?

Welcome to our Sense on Cents Week in Review where I provide a streamlined recap of the major economic data and news, along with month-to-date market returns.

ECONOMIC DATA
Recovery? I would not classify the data this week as defining a recovery. I will be gracious and define … [visit site to read more]

Stock Picks For Monday 8 March: THQ, Osiris Therapeutics, GigaMedia

Posted: 06 Mar 2010 08:01 PM PST

( click to enlarge )

THQ Inc (NASDAQ:THQI) broke the horizontal resistance line on strong volume and could eventually rally up to test the October highs. Looking at the technical daily chart the near-term outlook is very positive and a move to the 6.95-7.05 range appears likely. In addition KD also indicates positive momentum.

( click to enlarge )

Osiris Therapeutics (NASDAQ:OSIR) suffered 3 straight selling days last week with the stock breaking the support at 8.19. Today the stock was … [visit site to read more]

U.S. Employment Report Spurs Gains In Stocks And U.S. Dollar

Posted: 06 Mar 2010 07:00 PM PST

DailyMarkets.com (New York) - It was a week of big gains for the U.S. stock markets, with stocks rallying all five days after positive reports on U.S. employment and consumer spending. For the week, the S&P 500 index rose 3.1% to 1,138.7, the Dow gained 2.3% to 10,566.2, its highest close since January 20, while the Nasdaq soared 3.9% to 2,326.35, chalking up the biggest gain since October. On Friday, the S&P 500 index was up for a sixth straight day, gaining 1.4%, and now it is just 1% … [visit site to read more]

The Underemployed Are Not Hopeful

Posted: 06 Mar 2010 05:24 PM PST

As with Friday’s unemployment report, Gallup’s most recent Daily Tracking Poll finds that nearly one-fifth of the population is (still) “underemployed”:

One thing the Labor Department data does not reveal, however, is the mood of those who are out of work or are employed part-time but want to work full-time. According to Gallup, sentiment remains … [visit site to read more]
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