DJIA up or down

Cals wrote:after that intensive monday rally market start to wonder where to go ...

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as broken upper trend channel and in channel we look it to either break resistance in top yellow marker or
drop to lower trend channel on lower yellow highlight.

either too good or too bad

watch airasia for quick money

watch dialog..forget about drb

maxims wrote:watch airasia for quick money

sifu how u determine which counter to watch everyday since there r so many warrant? mind to tell

indeed, share sikit

steaminggggg

Dow Erases 2011 Decline on Europe’s Plan
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U.S. stocks advanced, erasing the Dow Jones Industrial Average’s 2011 decline, as the European Union released a road map of its plans to recapitalize banks and halt the region’s debt crisis.
All 10 groups in the Standard & Poor’s 500 Index rose. Wells Fargo & Co. (WFC) and Citigroup Inc. (C) added at least 4.7 percent, following a rally in European lenders. Sears Holdings Corp. (SHLD), Dow Chemical Co. (DOW) and Caterpillar Inc. (CAT) climbed more than 2.4 percent to pace gains among companies most-reliant on economic growth. PepsiCo Inc., the world’s largest snack-food maker, increased 3.9 percent as profit beat analysts’ estimates.
The S&P 500 added 1.7 percent to 1,216.26 at 2:22 p.m. New York time, its highest level since Aug. 31 on a closing basis. The Dow climbed 169.53 points, or 1.5 percent, to 11,585.83. The index is up 0.1 percent for 2011.
“The market is going to fly,” Chad Morganlander, a Florham Park, New Jersey-based money manager at Stifel Nicolaus & Co., which oversees more than $115 billion in client assets, said in a telephone interview. “Sentiment is shifting as uncertainty dissipates amongst investors. Policy makers have taken the right steps to scotch the fear trade, which will improve equity and credit markets. Get ready. This is going to be some rally.”
The Dow has gained 8.8 percent since reaching this year’s closing low on Oct. 3 amid optimism European leaders will tame the region’s debt crisis and after American economic data improved. Before that, the gauge had slumped as much as 17 percent from this year’s high on April 29 amid concern that Europe’s crisis would slow down the economic recovery.
‘Coordinated Approach’
Global stocks rose as European Commission President Jose Barroso called for a reinforcement of crisis-hit banks, the payout of a sixth loan to Greece and a faster start for a permanent rescue fund to master Europe’s debt woes. Barroso urged a “coordinated approach” to deliver a “significantly higher capital ratio of highest quality capital” for banks, while offering government funds only as a last resort.
Slovak parties reached an agreement to approve Europe’s enhanced bailout fund, paving the way for a repeat vote in the coming days after the pact failed to win support yesterday. Slovakia is the only country in the 17-member euro area left to approve the EFSF. Earlier today, European Economic and Monetary Affairs Commissioner Olli Rehn said the region is moving toward a consensus on resolving the “calamity” of the debt crisis.
“The situation in Europe is going to take a heroic effort,” Warren Koontz, head of U.S. large-cap value stocks at Loomis Sayles & Co. in Boston, which manages $150 billion. “At least for now, it seems that they are making steps in the right direction. If people come to realize that economic growth isn’t as poor as sentiment or as stock prices have indicated, we probably could create some type of bottom.”
Fed Minutes
Some Federal Reserve officials last month wanted to keep further asset purchases as an option to boost the economy as policy makers saw “considerable uncertainty” that U.S. growth will pick up, the Fed said today in minutes of the Sept. 20-21 session. The debate culminated in the Federal Open Market Committee’s decision to replace $400 billion of Treasuries in the central bank’s portfolio with longer-term debt to reduce borrowing costs.
The Morgan Stanley Cyclical Index of companies most-tied to economic growth added 3.2 percent. The Dow Jones Transportation Average rose 2.2 percent. The KBW Bank Index (BKX) gained 4.5 percent. Wells Fargo advanced 4.7 percent to $27.27, while Citigroup increased 6.7 percent to $29.70. Sears Holdings rallied 10 percent to $73.78. Dow Chemical jumped 4.2 percent to $27.52. Caterpillar climbed 2.4 percent to $82.57.
Frito-Lay Sales
PepsiCo jumped 3.9 percent to $63.30 after saying third- quarter profit rose 4.1 percent as sales of Frito-Lay products increased. Chief Executive Officer Indra Nooyi created a council in September to better coordinate sales of snacks and beverages after the company reduced its full-year profit forecast.
“The reason we’re bullish and why we’re having a different view of the market is because we’ve had a lot more faith in the ability of U.S. corporations and the U.S. economy to still navigate through a U.S. expansion, despite what looks like very, very scary headlines,” Thomas Lee, the chief U.S. equity strategist at JPMorgan Chase & Co., said in an interview on Bloomberg Television “In the Loop” with Betty Liu.
Liz Claiborne Inc. (LIZ) surged 38 percent to $7.06 after agreeing to sell its namesake and Monet brands to J.C. Penney Co. and its Kensie line to Bluestar Alliance as the company works to reduce debt. The transactions and the completion of the sale of Dana Buchman brand to Kohl’s Corp. (KSS) are worth a total of $328 million in cash, New York-based Liz Claiborne said today.
Alcoa Earnings
Alcoa Inc. (AA) fell 0.4 percent to $10.26, paring a decline of as much as 5.5 percent. The first company in the Dow to report earnings this quarter posted profit that trailed estimates, saying European customers “dramatically” cut orders on economic uncertainty. Alcoa is grappling with rising production costs while the price of aluminum on the London Metal Exchange has fallen in the past two months.
The rebound from a 13-month low on Oct. 3 has yet to bring the S&P 500 out of a trading range it’s been stuck in for more than two months. The benchmark index for U.S. stocks has fluctuated between 1,074.77 and 1,230.71 since Aug. 5 as investors remained cautious toward riskier assets amid speculation Greece will default on its debt.
The 1,230 level is “where the rally was capped in late August,” Roger Volz, director of equities at BGC Partners LP in New York, said in a telephone interview. “If we can close above the previous major high, that would open the door for a sustained advance.”

another green day coming up

yes for today ... however oopss

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looking at last night candle, we spot a reversal to be long due,
you might want to note USfutures to open in that area in the box in red, or we have that opening to continually bullish to the upside of the channel box

if that does not happen we forsee the bottom of the rising channel in the lower box

we still see a bullish candle

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Dow Poised for Longest Weekly Gain Since April

U.S. stocks advanced, giving the Standard & Poor’s 500 Index its biggest weekly gain since July 2009, as retail sales beat economists’ estimates and the Group of 20 nations began discussions on Europe’s debt crisis.
Google Inc. (GOOG), the world’s biggest Internet-search company, jumped 5.9 percent after sales topped projections. Apple Inc. (AAPL) gained 3.3 percent as the company is poised to sell as many as 4 million units of its new iPhone 4S this weekend after customers lined up to buy one of the last products developed under Steve Jobs. Amazon.com Inc. (AMZN) and Caterpillar Inc. (CAT) added at least 3.2 percent, pacing gains among companies most-tied to the economy.
The S&P 500 rose 1.7 percent to 1,224.58 at 4 p.m. New York time, extending its weekly gain to 6 percent. The Dow Jones Industrial Average added 166.36 points, or 1.5 percent, to 11,644.49, erasing its 2011 loss. The Nasdaq Composite Index rallied 1.8 percent, also wiping out this year’s decline. More than 6.7 billion shares changed hands on U.S. exchanges at 4:32 p.m., the slowest volume since Aug. 29.
“There’s a good a chance we’ve made a bottom in stocks,” Mark Bronzo, who helps manage $26 billion at Security Global Investors in Irvington, New York, said in a telephone interview. “The economy is not as weak some people expected. You’re going to see some earnings estimates come down, but maybe not as much as feared.”
Today’s rally sent the benchmark gauge to the highest close since Aug. 3, two days before S&P stripped the U.S. of its AAA credit rating. It has surged 11 percent since Oct. 3, its lowest close in more than a year. The rebound brought the gauge close to the top of a price range where it’s traded for more than two months of between 1,074.77 and 1,230.71.
‘Next Stop’
“It would be pretty important to break that trading range,” Mark Luschini, chief investment strategist at Philadelphia-based Janney Montgomery Scott LLC, which manages $54 billion, said in a telephone interview. “Even as we had this robust rally, it hasn’t drawn the technicians to have conviction in buying. If we crack through this 1,230 area, then they are going to say -- it’s clear that hurdle, we’re into the next stop.”
The Citigroup Economic Surprise Index for the U.S. turned positive for the first time since April 29, the day the S&P 500 peaked at an almost three-year high. It climbed to 2.2, up from minus 117.20 on June 3. The reading four months ago showed reports were missing the median economist projection in Bloomberg surveys by the most since January 2009.
U.S. equities gained as retail sales in the U.S. rose more than forecast in September, easing concern slumping confidence and scant hiring will derail the biggest part of the economy.
Group of 20
U.S. stocks also followed a rally in European shares as finance ministers and central bankers from the Group of 20 began talks in Paris. Nations from China to Brazil are considering increasing the International Monetary Fund’s lending resources to help stem the European debt crisis, Group of 20 and IMF officials said. European officials are considering writedowns of as much as 50 percent on Greek bonds, according to people familiar with the discussion.
Google jumped 5.9 percent to $591.68. The shares rallied 19 percent in nine days, the biggest gain since February 2009. Chief Executive Officer Larry Page, who succeeded Eric Schmidt in April, is benefiting from Google’s leadership in search advertising, even as the company pushes into new markets such as mobile, display and social networking.
Earnings Season
Profit for S&P 500 companies will climb 17 percent in the third quarter and rise 18 percent to a record $99.77 for all of 2011, according to analyst estimates compiled by Bloomberg. The S&P 500 is trading for 11.1 times forecast earnings for 2012, compared with its five-decade average of 16.4 times reported income, according to data compiled by Bloomberg.
“Investor sentiment might be recalibrated,” Keith Wirtz, who oversees $16.7 billion as chief investment officer at Fifth Third Asset Management in Cincinnati, said in a telephone interview. “We’re expecting this rally in stocks to be indicative of the whole quarter. There has been so much negative sentiment that the simple fact that we’re now in earnings season and we have a new type of information hitting the market, that might be a catalyst.”
Apple gained 3.3 percent to $422, a record. It added 14 percent in five days, the most since March 2009. The iPhone 4S, available today in the U.S., Australia, Canada, France, Germany, Japan and the U.K., is projected to outperform last year’s introduction of the iPhone 4, which topped 1.7 million units in its first weekend.
Most-Tied
The Morgan Stanley Cyclical Index of companies most-tied to economic growth, added 2.3 percent. Amazon.com, the world’s largest online retailer, increased 4.5 percent to $246.71. Caterpillar climbed 3.3 percent to $84.09.
The Dow Jones Transportation Average, a proxy for the economy, gained 2.2 percent. J.B. Hunt Transport Services Inc. jumped 8.7 percent to $42.28 after the trucking company reported third-quarter earnings of 57 cents a share, beating the average analyst estimate of 56 cents.
Energy and raw-material producers rose the most among 10 industry groups in the S&P 500, adding at least 2.5 percent. Exxon Mobil Corp. (XOM) climbed 2.3 percent to $78.11. Chevron Corp. (CVX) added 2.7 percent to $100.47.
Freeport-McMoRan Copper & Gold Inc. (FCX) gained 4.3 percent to $36.77. Stabilizing copper inventory worldwide and rising demand from China are “favorable” for the world’s largest publicly traded copper producer, Morgan Stanley said in a note.
The KBW Bank Index (BKX) rose 0.6 percent, reversing an earlier decline of 1.6 percent. Wells Fargo & Co. (WFC) rallied 2.1 percent to $26.67. JPMorgan Chase & Co. (JPM) advanced 0.9 percent to $31.89.

Foreign News

Stocks, Euro Fall as Germany Damps Optimism
Global stocks and the euro fell, retreating after their best weekly gains in more than two years, as Germany damped expectations for a fast resolution to Europe’s debt crisis and a report showed New York-area manufacturing shrank more than forecast. Treasuries advanced. The Standard & Poor’s 500 Index slid 1.9 percent to 1,200.86 at the 4 p.m. close in New York as Wells Fargo & Co. sank after reporting a drop in revenue. The MSCI All-Country World Index slipped 1.2 percent following last week’s 5.4 percent rally. The euro, which strengthened 3.8 percent versus the dollar last week, weakened 1.1 percent against the U.S. currency today. Lead, coffee and gasoline led losses in materials tracked by the S&P GSCI Index. Treasury 10-year notes rose, pushing yields down nine basis points to 2.16 percent.

Industrial Production in U.S. Increases, Just Barely
Industrial production in the U.S. advanced in September on growing demand for automobiles and computers after stalling the prior month, a sign manufacturers are contributing to growth. Output at factories, mines and utilities increased 0.2 percent, in line with the median estimate in a Bloomberg News survey, after being little changed in August, figures from the Federal Reserve showed. Factory production, which makes up 75 percent of the total, climbed for a third month.
Central Banks Selling Most Treasuries Since 2007 Prove No Barrier to Rally
International central banks are selling the most Treasuries since the credit crisis began just as institutional investors load up on U.S. government bonds. The Federal Reserve said its holdings of U.S. government debt on behalf of central bankers and institutional investors outside America has plunged $76.5 billion in the last seven weeks, the most since August 2007. At the same time, bond mutual funds are adding Treasuries, banks have increased their holdings 45 percent in the past five years and the Fed has added $656 billion to its balance sheet this year.
Manufacturing in New York Fed Region Shrinks More Than Economists Forecast
Manufacturing in the New York region contracted in October at a faster pace than forecast, reflecting a lack of confidence in the U.S. recovery that failed to be confirmed by measures of orders and sales. The Federal Reserve Bank of New York’s general economic index rose to minus 8.5 from minus 8.8 in September. Economists projected an improvement to minus 4, based on the median of 53 forecasts in a Bloomberg News survey. Readings less than zero signal companies in the so-called Empire State Index, which covers New York, northern New Jersey, and southern Connecticut, are cutting back.
Singapore Exports Unexpectedly Declined in September as Electronics Slump
Singapore’s exports unexpectedly fell in September as weakening expansion in the world’s biggest economies eroded demand for electronics and petrochemicals. Non-oil domestic exports fell 4.5 percent from a year earlier, after a revised 3.9 percent increase in August, the island’s trade promotion agency said in a statement. The median of 11 estimates in a Bloomberg News survey was for a 3.5 percent gain.
(Source: Bloomberg)

we still see we are still in the trending upper channel

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more upside to be seen?

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U.S. Stocks Rebound From Losses

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By Rita Nazareth - Oct 21, 2011 4:00 AM GMT+0800

U.S. stocks rose, erasing earlier losses, after European governments considered deploying $1.3 trillion in funds to tame the sovereign debt crisis as France and Germany asked officials to agree on plans by Oct. 26.
The Standard & Poor’s 500 Index advanced 0.5 percent to 1,215.29 at 4 p.m. New York time, according to preliminary closing data. The index fluctuated throughout the day, falling as much as 1 percent and rallying as much as 0.8 percent.
“The market is hypersensitive as to whether or not a plan will emerge that will stabilize Europe,” Brian Barish, who helps oversee about $8 billion as Denver-based president of Cambiar Investors LLC, said in a phone interview. “This whole situation makes doing my job, as a guy who’s trying to buy stocks based on a long-term view, almost laughably difficult.”
The S&P 500 rose from the threshold of a bear market early this month amid optimism over earnings and steps by European leaders to support banks. The rebound brought the gauge close to the top of a price range between 1,074.77 and 1,230.71, where it’s traded for more than two months. The S&P 500 briefly climbed above that range on Oct. 18, reaching 1,233.10.
Stocks rebounded as two people familiar with the matter said Europe may combine the temporary and permanent rescue funds to unleash as much as 940 billion euros to fight the crisis. German Chancellor Angela Merkel and French President Nicolas Sarkozy said in a joint statement they want euro-region leaders to agree on a “comprehensive and ambitious” plan by Oct. 26 at the latest.
‘Backstop the Banks’
“Europe needs some sort of TARP-like facility to backstop the banks to prevent contagion,” Hank Smith, chief investment officer at Haverford Trust Co. in Radnor, Pennsylvania, said in a telephone interview. Smith’s firm manages about $6.1 billion. “It was difficult to do in the United States and it’s 17 times more difficult to do it in Europe,” he said. “In the meantime, the market will seesaw back and forth.”
In the U.S., manufacturing in the Philadelphia area unexpectedly expanded in October at the fastest pace in six months, signaling factories are helping support a U.S. economy weighed down by weakness in the housing and labor markets.

still some space up the channel

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onli thing see europe party besar outcome is what if diahrea then kaput sama sama

AbuAnakMajid81 wrote:onli thing see europe party besar outcome is what if diahrea then kaput sama sama

you are right on the money

Cals wrote:

AbuAnakMajid81 wrote:onli thing see europe party besar outcome is what if diahrea then kaput sama sama

you are right on the money

i believe mati chance is high, rumour say wednesday can onli achieve a little compromising progress rather than a clear decision& direction, europian suka drama 1000 episod like drama taiwan, but then evil american roll out qe3 then everyone continue happi

AbuAnakMajid81 wrote:

Cals wrote:

AbuAnakMajid81 wrote:onli thing see europe party besar outcome is what if diahrea then kaput sama sama

you are right on the money

i believe mati chance is high, rumour say wednesday can onli achieve a little compromising progress rather than a clear decision& direction, europian suka drama 1000 episod like drama taiwan, but then evil american roll out qe3 then everyone continue happi

indeed we shall see later sideline is ok ; +1 to 50!!

you giv me i give you

tonite mostly american go down since got consumer confidence survey out, and now usa mood is things are not so bad, but everybody feel bad, then this survey seem bad oso later

tonight!
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10:00pm USD
CB Consumer Confidence

bad omen for tonite Hana Inc Q3 profit down at least 50% cerita tepi jalan say

Most Asian Stocks Retreat on Europe Summit

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Most Asian stocks fell, erasing earlier gains, as investors waited to see how European policymakers will hammer out details to enhance the region’s bailout fund.
Toyota Motor Corp. (7203), the world’s biggest carmaker, fell 1.3 percent. Komatsu Ltd. (6301), Japan’s largest construction machinery maker, rose 2.6 percent after Caterpillar Inc.’s earnings beat estimates. National Australia Bank Ltd. (NAB), Australia’s fourth- biggest lender by market value, lost 1.1 percent.
The MSCI Asia Pacific Index fell 0.1 percent to 119.00 as of 9:55 a.m. in Tokyo after rising as much as 0.3 percent. About three stocks fell for each that rose on the index.
“Clearly, the dominant factor is what’s happening in Europe,” said Angus Gluskie, who manages more than $350 million at White Funds Management in Sydney. “At this stage, I think there are some superficial optimism that some sort of deal might be reached. Underneath the surface, though, I think investors still have a lot of questions in the back of their minds and they are alert to risks. Most investors want to get their minds around details tomorrow.”
Japan’s Nikkei 225 Stock Average fell 0.4 percent and South Korea’s Kospi Index was little changed. Australia’s S&P/ASX 200 slumped 0.2 percent. Futures on the Standard & Poor’s 500 Index dropped 0.2 percent.

Europe party besar no still exploring options how to continue party, but one way will be turn to american for help, as sign of desperation looms, "Europe may ask the International Monetary Fund to create and run a special new fund to help solve its debt crisis". EU official say
since german baru say europe can handle own problem few weeks ago, now malu lo