viernes, 30 de enero de 2009

Worst January on Record for Stocks

Stocks wrapped up their worst January on record with a final plunge on Friday.

The Dow Jones Industrial Average finished January down 8.84% on the month. Perviously, the worst January for the Dow had been that of 1916, when it fell 8.64%. Friday, the Dow dropped 148.15 points to 8000.86 after briefly dipping below the 8000 mark. The Dow has fallen five straight months and in 12 of the last 15.


The S&P 500-stock index lost 2.28% Friday to end at 825.88, for cumulative losses in January of 8.57%. Until Friday, its worst January from 1929 onward occurred in 1970, when it lost 7.65%.

Both stock-market indexes are off by more than 40% from their 2007 highs.

Stocks popped at the open Friday, but spent most of the day in the red. Traders cited fears that plans wouldn't go forward for a so-called bad bank to soak up toxic assets from financial institutions, and bleak economic news, in particular Friday's report of a 3.8% contraction in fourth quarter GDP. It was better than the 5.5% fall that economists had expected, but suggested the recession, now in its second year, is cutting deep.

A slew of layoff announcements, skepticism of the Obama stimulus plan, and a series of bleak earnings reports all crunched U.S. stock markets over the course of the week. Those developments left investors who exited stocks last year with little desire to put their money to work in the markets, limiting any stock rallies.

"I don't think anyone is willing to put money to work until we get clarity out of the new government," said Matthew Cheslock, managing director at Cohen Capital Group LLC.

Investors have grown wary of efforts to right the ship. The Obama stimulus plan has received a lukewarm reception among market participants and buzz about the possible creation of a "bad bank" to soak up toxic assets has waxed and waned, perplexing investors. After a three-day jump to start the week, the bottom dropped out for stocks on Thursday and Friday.

"There's been too much back-and-forth, it's a wishy-washy market," said Debra Brede, president of D.K. Brede Investment Management Company. "One day you think [the government] is going to do something serious to help the banks, and the next day it's not such a great idea. Markets hate uncertainty, and it's not clear it's a good plan. We need to get these banks cleaned up and move forward."

Historically, stocks' January performance has been thought of as an informal indicator for the market's direction the rest of the year. When the S&P declines in January, the index loses an average of 2.4% in the next 11 months, according to data going back to 1950 from Ned Davis Research. When the S&P climbs in January, the index posts an average gain of 12.3% in the next period.

"We're at month-end, the Dow is down, and there's no ray of sunshine," said Mr. Cheslock. "We need to get expectations down -- it's good for the market over the long term. Last quarter was horrible, this quarter will probably be horrible."

On Friday, Dow component Procter & Gamble lost 6.2% after cutting its sales forecast for the year after a 53% increase in earnings in its just-ended quarter. Oil giant Exxon Mobil's fourth quarter net fell 33% even as its annual results hit a new record. Rival Chevron posted a razor-thin profit increase for the fourth quarter. The two Dow components ended with modest losses.

Industrial stocks sold off, with Caterpillar warning it must drastically reduce production this year. Its shares fell 3.1%. Alcoa slid 7.7%. These stocks have plumbed new depths after repeated warnings from the International Monetary Fund and others that global growth is going to slow to a "virtual standstill" in 2009.

Gold and the U.S. dollar were among Friday's few silver linings. The dollar rose 1.23% against the euro. February gold gained 2.5%, ending at $927.30.

"The dollar seems to have some strength, but I think gold is telling the real story here," said Axel Merk, president and chief investment officer at Merk Investments. Investors no longer favor any particular currency, Mr. Merk said, because of "[worries] about what governments may do to their currencies. Everyone wants to weaken their currencies to finance growth. There are depression fears spreading around the world."

March crude futures fell 6.6% in January to settle at $41.68. Crude is down for the seventh consecutive month.

S&P Mensual


  • The S&P 500-stock index lost 2.28% Friday to end at 825.88, for cumulative losses in January of 8.57%. Until Friday, its worst January from 1929 onward occurred in 1970, when it lost 7.65%.

DOW Mensual

DOW Mensual


  • The Dow Jones Industrial Average finished January down 8.84% on the month. Perviously, the worst January for the Dow had been that of 1916, when it fell 8.64%. Friday, the Dow dropped 148.15 points to 8000.86 after briefly dipping below the 8000 mark. The Dow has fallen five straight months and in 12 of the last 15.

Nasdaq Mensual

DOW Diario


  • Pendientes al 2P, cierres por debajo de estos nivels no me gustaria estar largo ....!!!!
  • 21 emas contiuan actuando como resistencia
  • Tenemos segundo maximo menor del mes de enero.
  • Lunes tendremos nuevos pivots
  • Paro los largos que les respete esta zona ...!!!

SPY Diario


  • Cumpliento proy 1
  • Pendientes soportes en zona linea amarilla ...!!!!

JPM 5 min


  • Cumpliendo proy 2

SPY 5 min



  • Cumpliendo proy 1

SPY 5 min


  • Pendiente linea amarilla

jueves, 29 de enero de 2009

DIA Diario


  • Le pesan los 21 emas, debia haber confirmado hoy y no pudo. Se repetira lo de los meses anteriores

miércoles, 28 de enero de 2009

SPY 60 min

SPY 240 min


  • Interesante rompimiento
  • Pendientes S2 zona de 2T
  • Gran gap de pre-apertura, de compra o venta ...!!!

martes, 27 de enero de 2009

lunes, 26 de enero de 2009

viernes, 23 de enero de 2009

S & P Mensual

DOW Mensual

EWH - Hong Kong Mensual


  • Doble ciclo....!!!

EWG - Alemania Mensual


  • Sera esta el ciclo...!!! hasta feb del 2011

BNP Mensual


  • Rompiendo minimos 2002

SPY 240 min

SPY 60 min



  • Falso rompimiento linea de soporte ..!!
  • Lateralidad
  • Atentos LT que tiene como resistencia

jueves, 22 de enero de 2009

FSLR

SPY 60 min

SPY 15 min


  • PB a 62 fib nivel de pivot

SPY 60 min


  • Por el momento no confirma el cierre de ayer ...!!!
  • Tendencia continua negativa

Crude Oil Mensual

SPY 240 min


  • Respetando S3 ..!!
  • Pendientes si ve cierres por arriba de S1

AAPL


  • Defendio el cierre del dia anterior
  • Cuidado, reporto muy bien dejando una DP

miércoles, 21 de enero de 2009

AAPL

AAPL


  • Cierres por debajo de estos minimos, interesante corto ...!!!
  • Espererarle un PB y SP en 4 hrs
  • Atentos al reporte de manana en la tarde

C Diario


  • Y ahora para donde...!!!
  • Rompiendo 2P..........

SPY Diario


  • Cumpliendo proy 1

martes, 20 de enero de 2009

DIA Mensual


  • Respetara.....!!!!!!!

SPY 60 min




  • Cumpliendo proy 1 a nivel de pivot

jueves, 15 de enero de 2009

SPY Diario


  • Un cierre interesante respetando el 62 fib y los minimos de diciembre, soporte clave para estar pendientes
  • Interesante doji

SPY 240 min


  • Respetando minimos de Diciembre ...!!!
  • 62 fib diario

DOW Semanal


  • Pendientes de estos niveles a un cierre por debajo de estos.

miércoles, 14 de enero de 2009

C

SPY Diario


  • Atentos minimos de diciembre...!!!

SPY 240 min



  • Cumplimiento proy 1
  • Pendientes niveles minimos de diciembre, los 82 y S3 proy 2

DOW Diario


  • Pendientes minimos de diciembre, soporte clave...!!!

martes, 13 de enero de 2009

S & P Semanal


  • Atentos cierres por debajo linea roja
  • 2do maximo menor ..!!

DOW Semanal


  • Atentos cierres por debajo linea roja
  • 2do maximo menor...!!!

lunes, 12 de enero de 2009

martes, 6 de enero de 2009

C Diario

CX 240 min


  • Atentos al 2T
  • Tiempos menores formacion DN

DOW Diario


  • Interesante cruce de ema's
  • Pendientes 3T

S&P Semanal

DOW Semanal