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Author Topic: Today's Outlook  (Read 843225 times)

Moneypenny

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Re: Today's Outlook
« Reply #270 on: August 13, 2013, 08:18:20 am »
All that glitter is gold after all. ;D  How 'bout HAR yesterday, up 20,57% in one day, wonder how much it will be down today? Gold futures down 0.09%, Asia up (Nikkei +2,27%), IGM T40 +206 atm.

New high again for NAS, MON, TKG and behold Top-40 +2% @ 38,072.48, All-Share +1,8% @ 42,497.30.

Eco reporting:

10:30 GBP CPI (Yoy)
11:00 EUR German ZEW Eco Sent
14:30 US Retail Sales
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Orca

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Re: Today's Outlook
« Reply #271 on: August 14, 2013, 01:24:55 pm »
Long term don't look good for the INDI. The gap between the 200 week MA and the price has grown too large for sustainable growth. She will have to retrace back.
« Last Edit: August 14, 2013, 01:28:04 pm by Orca »
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gcr

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Re: Today's Outlook
« Reply #272 on: August 14, 2013, 01:35:35 pm »
If the Indi pulls back then the counters it underpins surely would show signs of pullback - is this confirmed by any of your analysis?
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gcr

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Re: Today's Outlook
« Reply #273 on: August 14, 2013, 03:55:13 pm »
On a slightly different tack - I have been monitoring the movement of the ALSI index 8th July it was 39795 and dropped to 39638 on 10th July - just a little while ago it hit an intra day high of 43001 - bit of a barn storming increase in the index ???
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Orca

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Re: Today's Outlook
« Reply #274 on: August 14, 2013, 06:38:26 pm »
I'm not an analyst but sentiment seems to prevail over charts. We going up and up due to good news lately and it does bother me. Most Co's are coming out with good results lately and traders seem to be ignoring long term charts.
I am not a pessimist but seems strange to me. Hopefully it is not a bubble about to burst.   
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Moneypenny

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Re: Today's Outlook
« Reply #275 on: August 15, 2013, 08:17:32 am »
And we have yet another consecutive record close yesterday (a 3rd one actually), with T40 @ +0,86% @ 38,564 and All-Share +0,78% @ 43,019, all thanks to gold & data showing euorzone lifting itself out of recession. Gold futures up @ 1339, IGM T40 @ -83.

Core CPI & initial jobless today in US @ 14:30.

Local: 
Spar group in partnership with Shell to open its first Spar Express store in Germiston.  This will be testing ground for forecourt business, with 3 to 4 more Spar Express stores in Gauteng over next nine-month period.

New highs for T40, All Share, Atlasa, MTN, Mondi, Richemont, new low for Massmart.
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Patrick

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Re: Today's Outlook
« Reply #276 on: August 15, 2013, 09:00:05 am »
Quote from: Moneypenny on August 15, 2013, 08:17:32 am
And we have yet another consecutive record close yesterday (a 3rd one actually)

As an investor I'm loving the healthy look of my portfolio  :TU:

As an investor who plans to buy more in a week or so, not as much  :(
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Moneypenny

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Re: Today's Outlook
« Reply #277 on: August 15, 2013, 12:55:24 pm »
Quote from: Patrick on August 15, 2013, 09:00:05 am
As an investor who plans to buy more in a week or so, not as much  :(

no worries, just wait for one of those times when we have a pull-back for 3-5 days.
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Moneypenny

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Re: Today's Outlook
« Reply #278 on: August 16, 2013, 08:55:46 am »
Asia all red, VIX + 12,96% @ 14.73, SAT40 defiant @ +207 atm and climbing.
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Moonraker

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Re: Today's Outlook
« Reply #279 on: August 16, 2013, 03:31:17 pm »
Quote
Housing starts hit an annualized rate of 896,000 units during July, which was essentially in-line with the 895,000 Briefing.com consensus estimate. Prior month figures were revised upward to reflect an annualized rate of 846,000 starts (from 836,000). As for building permits, they increased to 943,000 from the prior month's upwardly revised rate of 918,000 (from 911,000). That was slightly above the pace of 934,000 that had been expected among economists polled by Briefing.com.

Separately, second quarter unit labor costs increased 1.4%, which was noticeably higher than the 0.3% decrease that had been anticipated by the Briefing.com consensus. During the same period, productivity increased 0.9%, according to the preliminary reading. The consensus expectation was for no change.

Tepid, but nevertheless supportive of the FED to begin tapering soon. $ up and S&P futures slightly up.
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Moonraker

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Re: Today's Outlook
« Reply #280 on: August 20, 2013, 10:09:39 am »
Well I never! From where I am sitting I see no rosy prospects at all.

Quote
SOUTH Africa’s composite leading business economic indicator continued to rise in June, suggesting that the country’s growth prospects are improving.

The indicator rose 2.4% year on year in June, the Reserve Bank said on Tuesday.

It bottomed at a 0.1% increase in March‚ before rising by 1.3% in April and 2% in May, the Bank’s data show.

The indicator provides a guideline for economic growth for at least six months ahead.

Positive influences on the indicator in June were a widening of the interest rate spread, as well as an acceleration in the six-month smoothed growth rate in real M1 money supply.

The main negative factors included a drop in the number of residential building plans passed, followed by a decline in the export commodity price index.


http://www.bdlive.co.za/economy/2013/08/20/reserve-banks-leading-indicator-rises-again-bodes-well-for-growth
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Moneypenny

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Re: Today's Outlook
« Reply #281 on: August 20, 2013, 10:23:25 am »
Yawn.

Soooo bored with Fed & Kie.

Until tomorrow 20:00 then.
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Moneypenny

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Re: Today's Outlook
« Reply #282 on: August 20, 2013, 04:45:18 pm »
Sigh
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Moneypenny

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Re: Today's Outlook
« Reply #283 on: August 21, 2013, 08:22:16 am »
Guess for investors it is going to be a mediocre to a bad day leading up to later tonight after which things might calm down.  Asia mostly red this morning but not hysterically so, IGT40 @ +41 atm but poised to go down, think that jump was market maker shenanigans, only to take out stop losses in anticipation of the day.

SA CPI @ 10:00 and FOMC minutes @ 20:00 and chuck in some home sales 16:00 for good measure.
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Moneypenny

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Re: Today's Outlook
« Reply #284 on: August 22, 2013, 09:02:32 am »
In a nutshell nothing has changed, BB still spoon-feeding and smoothing things over, taking a very long time to accustom market to idea in hope that when it eventually starts, market will be used to it and not react too bad for too long.   Fed still on course to start tapering, widely expected to start as early as September this year and ending mid 2014, pending economic outlook of course:

Bernanke:

 “Almost all participants confirmed that they were broadly comfortable with the characterization of the contingent outlook for asset purchases that was presented in the June post meeting press conference and in the July monetary policy testimony.

Under that outlook, if economic conditions improved broadly as expected, the Committee would moderate the pace of its securities purchases later this year. And if economic conditions continued to develop broadly as anticipated, the Committee would reduce the pace of purchases in measured steps and conclude the purchase program around the middle of 2014.”

Initial jobless @ 14:30, VIX +6,91% @ 15.94, Asia red, IGT40 -130
 
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