how do you see the dow index going today Dow Jones and S&P commentary: Signal Watch Dr Bob Hard Right Edge Raptor Research Charting by Snoball: Dow Chart S&P Chart Drinks & Break Time at: GD's Famous Tea Room & Watering Hole"

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Mega Buck, I think you'll need to phone the Feds.

On the other hand, maybe not!
Blimey, i'm glad i'm out. I hate this sort of day.

Gotta go. food beckons. back at the close.

closed the shorts at 9710 at min profit -saved by the egde of my teeth.

Nicely done, zarif.

It would seem Finspreads Website has gone down AGAIN!

I think the problem is heavy usage but a nuisance nonetheless, Harlosh.
I had to phone to get my order on but it seems to be ok now as I went in to check my open orders.

The ma2 system has signalled a buy so I am long Dec future @ 9749.
I've put in a wide stop as I will be away from my computer at the open and I think there will be a fairly big drop - at least 50 points from todays close.

Snoball: Did you see the spike down at about 21.18 -down to 9666 area.
rgds
zarif

No I didn't zarif. Not surprised though. Big bullish candles are often followed by quite large corrections. Profit taking, I suppose.
My stop is at todays low so I hope it doesn't get hit before tomorrow morning.
I wanted to lower the stop this evening but couldn't.
Fins are still having problems.

Have you got your Metastock software installed yet?

Afternoon everybody.
The ftse has been playing with 4400 today -so are we in for a uprise in dow? i wonder. there will be a move north then south.Watch out for whipsaws -remember the thanksgiving holiday on thursday-the market is closed.So today and wednesday and friday half day(probably half measures in trade and full measures in the winebar!!!!)

be careful and trade safely

zarif

NEW YORK (Dow Jones)--Stocks are mixed Tuesday despite a stronger than expected Gross Domestic Product, with some traders saying the rally was priced in on Monday.

The Dow Jones Industrial Average is off 4 points, or 0.04%, to 9744.01, the Nasdaq Composite Index is up 2 to 1949.18 and the Standard & Poor's 500 Index has shed less than a point to 1051.73. Small-cap stocks are rising.

On the economic front, the third-quarter Gross Domestic Product rose by an 8.2% annual rate, spurred by powerful business and consumer spending. The figure, revised upward from 7.2%, is the biggest surge since a 9% gain in the first three months of 1984.

There are a number of deals to report, including Citigroup, which gained 26 cents to 46.99 after announcing plans to acquire the consumer-finance operations of Washington Mutual for $1.25 billion. Washington Mutual has lost 90 cents, or 1.9%, to 45.65.

Independence Community Bank has lost 1.74, or 4.5%, to 36.90 after agreeing to acquire Staten Island Bancorp for $1.5 billion in stock and cash, or $23.88 based on Friday's closing price, in a move expected to expand penetration in the competitive New York and New Jersey markets. Staten Island is ahead 1.92, or 9.3%, to 22.50.

Eastman Kodak has lost 35 cents, or 1.4%, to 24.17 after plans to buy the digital printing unit of Scitex for $250 million in a deal that Eastman Kodak said will be slightly dilutive to earnings in the first year of the merger. Scitex has jumped 47 cents, or 10%, to 5.47.

On the earnings front, Semtech has gained 45 cents, or 1.8%, to 24.91 after the semiconductor maker reported better-than-expected profits as third-quarter sales rose 8%.

Novellus Systems has gained 36 cents, or 1%, to 43.90 after the semiconductor equipment maker boosted its quarterly earnings guidance, citing stronger order trends in Japan and China.

Eli Lilly has advanced 7 cents to 70.57 and Amylin Pharmaceuticals has gained 44 cents, or 1.6%, to 25.50 after the companies reported positive results from the final Phase III study of exenatide, a drug for the treatment of type 2 diabetes.

Juniper Networks has gained 12 cents to 18.40 after filing to sell up to $1 billion of securities from time to time, with proceeds going for general corporate purposes and working capital, as well as acquisitions.

Goldman Sachs Group is ahead 1.03, or 1.1%, to 95.85 and Morgan Stanley has gained 40 cents to 54.62 after J.P. Morgan Chase raised its ratings on the shares, on sentiment of a revival for stock underwritings and mergers and acquisitions.

Autodesk has lost 48 cents, or 2.1%, to 22.52 on plans by the software supplier to cut up to 19% its work force and post $37 million in restructuring charges over the next four quarters to cut costs.

Heinz has lost 41 cents, or 1.1%, to 35.26 after the maker of ketchup and other food products' second quarter earnings came in a penny short of Wall Street expectations and revenue, at $2.1 billion, fell below analysts' estimates of $2.2 billion.

Deere has risen 2.10, or 3.4%, to 62.25 after the heavy equipment maker's fiscal first-quarter earnings came in at 27 cents a share, when analysts were looking for 18 cents.

Dow is tendless at present and hovering around 9750+/- say 20.
They reckon the good results werebuilt into the rally yesterday!!!!!

Also b careful of longs as imminent threat due turkey the F.O office has announced.terrorism alert.market can be spooked especially hols time in states.

evening all,

short s&p 1049.2 and it is up :-(

are you all well very quite on her tonight :-)

Mega...

Hi Mega Bucks,

Please don't take this post wrong, but I can't see your
reasoning in taking a position within such an important
area as 1049.

If I played the S@P I would use the 1048/1050 area as a
pivot point.

If I was long it would be above 1050 with a manual stop
just below 1048.

If I was short it would be from below 1048 with a manual
stop just above 1050.

As I said, please don't take this the wrong way, you must
have your reasons for taking this position, but I can't see
them.

Melnibone

when is there a right time i dont know i guess if we did we would all be wealthy people:-)point taken what you have said,i never take things the wrong way life is too short:-)

Mega...

Hope you are well i am enjoying life and that is what counts...

That is indeed what counts Mega,
glad you are enjoying life.

Some people take this trading far too seriously.

Melnibone

s&p what a roller coaster ride tonight!!!!!

Hi folks,

I've been trying to get here since 6pm.
I think my ISP has been having problems.
Missed all the action.
I'm off to see what it closed at.

Can't upload the 2ma chart tonight.
If anyones interested it's still long
and the stop is at 9677.

 

 

Courtesy of Briantrada.