logo
  Join        Login             Stock Quote
Top News :  

Are Negative Divergences Finally Taking A Toll?
By: Sy Harding   Tuesday, March 6, 2012 1:48 PM
Symbols: ADP, CAC, PMI, VALU
The London FTSE is down 1.4%. Germany's DAX is down 2.3%. France's CAC is down 2.7%

Oil is down $1.48 a barrel at $105.23.

Gold is down another $26 an ounce at $1,677 an ounce.

This Morning in the U.S. Market:

This week is another fairly heavy week for potential market-moving economic reports, including Factory Orders, the ISM non-mfg Index, the ADP Jobs report, and The Big One, the Labor Department's monthly employment report for February. To see the full list click here, and look at the left side of the page it takes you to.

Yesterday's reports were that Factory Orders fell 1.0% in January. But the ISM non-mfg Index, rose to 57.3 in February from 56.8 in January, considerable better than economists' consensus forecast of a decline to 55.5.

Globally, it was reported yesterday that the eurozone PMI Index declined to 49.3 in February versus the consensus forecast of 49.7. A sub-50 reading means business activity shrunk in February. And the U.K. PMI fell to 53.8 in February after providing some encouragement by rebounding to 56 in January.

There are no economic reports today, but concerns about the slowing global growth in Europe and Asia which have the pre-open indicators for the U.S. market down.

Our Pre-Open Indicators:

Our pre-open indicators are pointing to the Dow being down 130 points or so in the early going.

To read my weekend newspaper column ‘Is This As Good As it Gets For Now?' Click here.

Subscribers to Street Smart Report: There will be an in-depth U.S. Market Signals and Recommendations report in the subscribers' area of the Street Smart Report website, tomorrow.


<< Previous Page12  
Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

  
Advertisement

Related Press Releases
Popular Articles
Advertisement
Recent Articles by Sy Harding
Advertisement




Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 800 contributors and press releases, SEC filings and full text news from thousands of sources.



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.