Happy New Year from Stockshakers.com
VIX stock-market volatility gauge at lowest level since October
Crude futures leap 14% Friday, but 2008 decline of 54% is steepest ever
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31Decbreaking market news, breaking news, breaking stock market news, breaking stock news, daytrades, free stock info, free stock picks, free stock tips, stockmarket analysis, trading, trend No Comments
Tags: daytrading
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31DecMovers & Shakers, daily stock picks, daily stock tips, daytrades, free stock info, free stock picks, free stock tips, short term investments, stockmarket analysis, technical analysis, trading, trend, usa economics No Comments
Happy New Year?
The internals are pointing to a continuation of the rally from yesterdays trading session.
resistance is 8720, support 8620 & 8590.
S&P500 resistance is 896.28 and support is at 882.87 and 876.
QQQQ resistance 29.70 & 30.00 support 29.30 and 29.15.
Smaller gains today with some selling into the close and the volume will remain low for the bulk of the session.
First Hour will see the largest volume ofthe day.Window dressing is wrapping up today.
2008 was a rough year for most everyone. Stockshakers is wishing you the warmest of holiday wishes for 2009.
Happy New YearStockshakers Market Scan for the trading session 12/31/08:
AAPL
GOOG
GS
FRE
FNM
RIMM
NTAP
DRYS
MSFT
CSCO
INTC
BRCM
JNJ
LLY
XOM
WMT
SSO
UYG
XLFShort:
SKF
LZB
TZA
RTW
C
DOW
STags: 2009, Happy New Year
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29DecMovers & Shakers, daily stock picks, daily stock tips, daytrades, short term investments, stockmarket analysis, stocks, technical analysis, trading, trend, usa economics No Comments
PREFERRED SHARES?
All the sudden - All the rage?
The Feds actually buying preferred shares of top companies at initial issued yields of 10%.
10% sounds solid compaired to what many investors will have lost in 2008.Stockshakers market scans are showing the potential for the rally from Fridays trading session to continue, however any rally looks as if it may meet some resistance taking us right back down. Short term indicators are poised for selling in Mondays low volume session.
US Dollar may retest the low of 78.00
BIIB
KFTags: PREFERRED SHARES
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26Dec
Amazon says 2008 holiday season was ‘best ever’
Amazon says 2008 holiday season was its ‘best ever,’ with 6.3M items ordered on peak day
Amazon.com Inc. said Friday that the 2008 holiday season was the online retailer’s “best ever,” with more than 6.3 million items ordered and 5.6 million units shipped during its peak day on Dec. 15.Amazon’s upbeat take on the holiday season bucked the drumbeat of generally dismal news from retailers. Holiday sales typically account for 30 percent to 50 percent of a retailer’s annual total, but rising unemployment, home foreclosures, the stock market decline and other economic worries led many shoppers to slash their shopping budgets this year.
SpendingPulse a division of MasterCard Advisors that tracks total sales paid for by credit card, checks and cash said its preliminary data indicates that retail sales dropped between 5.5 percent and 8 percent this holiday season compared with last year. SpendingPulse said the decline was slightly less steep betwen 2 percent and 4 percent when auto and gas sales were excluded.
Earlier this month, Barclays Capital analyst Douglas Anmuth said Amazon’s competitive position has actually strengthened during the downturn, as some brick-and-mortar retailers were forced to close stores and had difficulty obtaining inventory.
Based on the number of items ordered, Amazon said its holiday bestsellers included the Nintendo Wii, Samsung’s 52-inch LCD HDTV, the Apple iPod touch and the Blokus board game.
In premarket trading, Amazon’s shares jumped $2.85, or 5.5 percent, to $54.29 Friday morning.
Tags: sales
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24Decbanking, breaking market news, breaking news, breaking stock market news, breaking stock news, breaking wall street news, credit, debt, equity, fed action, housing markets, liquidity, loan, market facts, usa economics No Comments
Freddie Mac: 30-year fixed rate mortgage falls to new low
Freddie Mac FREsaid Wednesday that the average 30-year fixed mortgage rate fell to a new 37-year low as existing home sales continued to fall. The average fell to 5.14% with an average 0.8 point for the week ending Dec. 24, down from last week when it averaged 5.19%. Last year, the average was 6.17%. “Interest rates on 30-year fixed-rate mortgages eased for the eighth straight week and set another record low since Freddie Mac’s survey began in 1971,” said Frank Nothaft, Freddie Mac chief economist, in a statement. “Real GDP growth fell 0.5 percent in the third quarter of the year, pulled down by the largest drop in consumer spending since the second quarter of 1980. The market consensus calls for an even larger decline in the last three months of the year.”
Tags: breaking news, housing markets, loan, loans
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24DecMovers & Shakers, daily stock picks, daily stock tips, daytrades, free stock info, free stock picks, free stock tips, market analysis, market projections, markets, short term investments, stockmarket analysis, technical analysis, trading, trend, usa economics No Comments
Stockshakers are selling the mini-rally on Christmas eve 2008.
The low volume and lack of convicition the last 6 sessions leaves little choice other than to close long positions and Lock in profits on positions.
Adding some holiday joy to our already over flowing stockings this year!
Lock in profits. -
24Decdaily stock picks, daily stock tips, daytrades, free stock info, free stock picks, free stock tips, usa economics No Comments
Visions Of Sugar Plums Fade As Financials Apply Late Pressure
U.S. durable-goods orders fall 1%; transportation category is key factor
U.S. first-time claims for jobless benefits hit 26-year high
Consumer Confidence Study Shows Americans Pulled Back on Spending Long Before Economic Crisis Hit
Consumer confidence and spending began slowing as early as Spring 2007, according to a recent analysis by Experian Marketing Services, a part of global information company Experian.
The DOW and S&P 500 closed lower for the 5th consecutive session yesterday.
Happy Holidays to you and your loved ones from all of us at Stockshakers.com.
Today expect an extremely light session (Christmas Eve) the session also ends early at 1:00PM
Harsh weather throughout the country reports are rolling in already of flight cancellations, this is a travel day for much of the country. With the combination of forces expect an even lighter trading session.
The rough year the markets and the economy on a global scale has been so harsh many are just avoiding the market and trading all together.
Many would make a case for the wisdom of “Not walking into oncoming traffic.”
These are great days to reflect on the things we give thanks for and enjoy the company of those we love and enjoy sharing time with.
Stockshakers reversed the positions in Drys on Tuesday from Puts to Calls.
The indications are that the position may close out today hitting our stops.
AAPL Puts may be closed out today if we get any buying.Keep an eye on:
TM
GSK
PALM
CIT
WAG
WB
PNRA
TEVA
AAPL
GOOG
SINT
Longer term prospects:SYK
ADP
Safe travelling and a happy Holiday to you and your loved ones.Tags: economy, Holiday, short session
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24Decbreaking market news, breaking news, breaking stock market news, breaking stock news, breaking wall street news, housing markets, usa economics No Comments
Mortgage applications balloon on lower rates
Refinancings pace upsurge; ARMs are becoming a thing of the pastWith mortgage rates approaching record lows, the volume of applications filed for mortgages jumped a seasonally adjusted 48% last week compared with the previous week, according to the Mortgage Bankers Association’s weekly survey.
Applications for the week ended Dec. 19 ran 124.6% ahead of the mortgage activity seen during the same week last year, the Washington-based MBA said. Its survey covers about half of all U.S. retail residential mortgage applications.
The boost in applications coincided with another drop in mortgage rates, as the government’s efforts to thaw out the home-mortgage market show further signs of having the desired effect.
According to the MBA’s survey, rates on 30-year fixed-rate mortgages averaged 5.04% last week, down from 5.18% the previous week. This interest rate hasn’t been lower since the 4.99% average rate seen for the week ended June 13, 2003.
Fifteen-year fixed-rate mortgages averaged 4.91%, down from 4.93% the week before. And one-year ARMs averaged 6.36%, down from 6.63%.
Applications to refinance existing mortgages increased 62.6% on a week-to-week basis, while applications filed for mortgages to buy homes increased a seasonally adjusted 10.6%.
The four-week moving average for all mortgage applications was up 28.8%.
Refinancings made up 83.2% of all applications filed last week, up from 76.9% the previous week. The share of applications for ARMs decreased to 0.8%, down from 1.1%.Tags: breaking news, bulletin, market breaking news, Stockshakers Breaking news
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24Dec
Natural gas prices to rise, Putin says
The era of cheap natural gas is coming to an end, Russian Prime Minister Vladimir Putin said Tuesday at a meeting in Moscow of the world’s major gas-exporting countries.
That dire-sounding prediction is exactly what his audience wanted to hear.
Iran, Libya and Venezuela are among the countries attending the Gas Exporting Countries Forum, which observers say is fast emerging as an OPEC-style gas-producers’ cartel. The gas group, commonly called GECF, would control the vast bulk of global supplies and could fix prices for the rest of the world. And because of rising global production costs, Putin said, prices will only to get higher.
Russia, the world’s biggest producer of natural gas, supplies Europe with more than 40 percent of its imports — mainly via pipelines that cross the former Soviet republic of Ukraine.
Tags: commodities, natural gas, rising prices, russia
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23DecMovers & Shakers, daily stock picks, daily stock tips, daytrades, free stock info, free stock picks, free stock tips, short term investments, stockmarket analysis, stocks, technical analysis, trading, trend No Comments
Redefaulting
Housing crisis worsens as economy weakens.
The Data released on Monday comes as no surprise, it depicts U.S. homeowners in dire straits, suggesting efforts to help them are having limited success. As the recession throws more people out of work, the rate of re-default on modified mortgages is rising and may worsen as the economy deteriorates, banking regulators.
Most loan modifications up until a few months ago were temporary and not aimed at providing for sustainable payment plans, so it comes as no surprise that homeowners are defaulting.
At the same time, a lenders’ group known as Hope Now warned on Monday that the number of U.S. homeowners seeking help to avoid foreclosure would double next year to 2 million.The Office of the Comptroller of the Currency and the Office of Thrift Supervision, both key U.S. banking regulators, said that after six months, nearly 37 percent of mortgage loans modified in the first quarter were 60 or more days delinquent.
After three months, 19 percent were 60 or more days delinquent or already in the process of foreclosure.
Walgreens and Toyota gave traders reason to take pause on Monday, the low volume associated with holiday weeks seems amplified this week. The indicators in the market are pointing to a rally, however the lower volume and the bad news that is “Always amplified in Bear Markets” have not allowed the potential rally to gain any traction. We are still seeing indicators pointing to a rally.The concensus remains the trend will continue down instead of allowing the Santa Claus rally.
Stockshakers Market Scan for the trading session Tuesday 12/23/08:
GILD
BMY
MSHL
NOVC
ADPT
ISPH
BPSG
SHBI
AAON
ACET
IMGN
RYAAY
FMCN
ARRY
ASML
CIEN
AAPL
MSFT
AMGN
DNA
DCM
PNRA
MGYN
TEVA
CMTL
HAE
RIMM
ROLPuts on DRYS
Tags: daily stock picks, daily stock tips, daytrades, free stock info, free stock picks, free stock tips, Movers & Shakers, short term investments, stockmarket analysis, stocks, technical analysis, trading, trend
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