Stocks fall as automaker plans are rejected

Wall Street retreats after three-week rally as auto, financial industry woes weigh on market

Wall Street's big March rally was officially on hold after the White House rejected turnaround plans from General Motors Corp. and Chrysler and gave investors a reality check on the economy.

Stocks Plummet on Auto, Bank Fears; Dow Down 300

Close 70% of the position and rest now.

Small margin for today

Even though today broader market is in downtrend because investor cash out from previous rally. Some of my position is still in red and after offset all the position. I only gain a bit for today speculating.

wanted to wait till 3p.m for further observation in market sentiment and decide whether to hold overnight or not. Yet, my mind does not allow me to do it anymore....i need a rest now.

Have a great weekend.

AAPL trade

Wanted to stay in the market, yet, i am extremely exhausted already. Do not want to hold any position for this weekend. Given that G-20 Summit is coming up soon. I would like to see what happen next and confirmation from the yearly day chart first.

so, now closed all the position and have super.

Stocks Give Back Some Gains After Big Rally

Woo...sadly, i close a huge position before close yesterday....

A new interface, is pretty. I love it.

Sell off?

sell off should come anytime now despite G-20 summit meeting.
When do you think will it be? tomorrow? next week?

AAPL in resistance level...

30 minutes ahead of 7 yrs notes result. Large cap tech stocks lifted Nasdaq.
What do you get from this chart?

TREASURIES-Hold firm in Asia, 7-year auction eyed

* Treasuries hold firm after previous day's tumble

* Focus on $24 bln 7-year note auction later in the day

* Fed's purchase programme seen offering some price support

* Five-year bonds sag after poor auction

By Satomi Noguchi

TOKYO, March 26 (Reuters) - U.S. Treasuries held firm in most maturities on Thursday in Asia, recovering some of the previous day's losses with investors looking ahead to the last leg of this week's $98 billion in bond issuance.

The Treasury is set to auction $24 billion of seven-year notes later in the day, the second sale of the maturity since 1993 after the first auction last month.

Analysts said the market was drawing support from the Federal Reserve's debut purchase of government bonds on Wednesday. The Fed bought $7.5 billion in Treasuries maturing in the next seven to 10 years.

However, analysts also warned the market was likely to see a tug-of-war between expectations for the Fed's bond buying, and fears that investors may not have sufficient appetite for the surging debt supply to finance the ballooning U.S. deficit.

Five-year Treasury notes extended losses after a record large auction of the maturity on Wednesday was met with below-average demand, despite strong demand at an auction of two-year notes on Tuesday.

"The market has mixed sentiment. On the one hand there are expectations for the Fed's bond purchases, and on the other there are concerns about investor demand," said Yasutoshi Nagai, chief economist at Daiwa Securities SMBC.

"The market still respects the Fed's credibility, so yields are likely to be kept low," he said.

The benchmark 10-year note rose 5/32 in price to yield 2.781 percent, down about 2 basis points from late U.S. trade.

The 10-year yield climbed to its highest point since last Wednesday, when the Fed's surprise announcement of its purchase programme triggered the biggest one-day drop in yields in more than two decades.

The seven-year note edged up 2/32 in price to yield 2.337 percent, down 1 basis point.

The five-year note fell 22/32 in price to yield 1.846 percent, up 3 basis points.

Concern over burgeoning Treasury issuance to fund the government's costly stimulus package and bailout programmes came to the forefront early on Wednesday, after Britain suffered its first failed government bond auction since 2002. [ID:nLP456926]

But analysts said the incident did not have a lasting impact on the bond market, while the spike in New Zealand yields was also having little influence on U.S. Treasuries.

sources from reuters,Editing by Chris Gallagher

Dow 2 days 5 minutes chart

Click to enlarge

A batch of better-than-expected economic data induced broad-based buying for the first part of the session, but the upbeat tone fell apart as stocks pushed through intraday support levels and a Treasury auction produced disappointing results. However, an underlying bid emerged late in the session, setting off a rally in the last few minutes of trading.

The latest durable goods orders data and new home sales figures both turned out to be better than expected.

February durable goods orders increased 3.4%, marking the first time in six months that orders increased. Excluding transportation, orders increased 3.9%. Economists expected respective declines of 2.5% and 2.0%.

February new home sales increased 4.7% month-over-month to an annualized rate of 337,000. Economists predicted a 2.9% decline.

The afternoon's selling effort gained momentum after the S&P 500 failed to find support at the 818 level, which had provided intraday support in the early going. Selling intensified after weak demand for a government auction of 5-year Treasuries led to a jump in yields. The disappointing auction followed an auction of Gilts, or British debt securities, by the United Kingdom that failed to attract enough buyers.

The weak auctions suggest investor appetite for government debt carrying low interest rates is waning, which will bring future auctions into closer focus. As such, tomorrow's auction of 7-year notes now has a much higher level of importance.

Sellers took the stock market to a loss of 1.8%, but a late, broad-based rally effort helped stocks close the session with a solid gain.

source from yahoo and google

Feb durable goods

Tech reverse today

I couldn't deny that i love it.

Economic data

initial claims, Q4 GDP, GDP price index will be release tomorrow
Due to the possibility of slower worsening rate for these data, i am thinking of offload some of the put options before market close and only enter again after these data release.

AAPL reversal signal?

How should i we take advantage from it?
What is my plan?
What is the risk?

Looks like it is...one more day for confirmation.

AAPL retreat

It is happening now....woo, u like it?

AAPL trading in low volume

AAPL in its 6 month high range, around the resistance. Given the current upbeat broader market due to the better economic data from housing stat, durable goods sales and 1 trillion from FED to buy treasuries.
The market is possible in the process of building up its bottom and pick up again. Yet with the short term high resistance with low volume in a upbeat news. This is indicating that synergy is currently not in the market at the moment. Possible short-term retreat is about to come.

Market summary

Click to enlarge

Obama in the interview with CBS

Sources from yahoo finance

In the interview with CBS' "60 Minutes," Obama made clear he was standing behind beleaguered Treasury Secretary Timothy Geithner, who was roundly criticized over the bonus flap and steps to revive the economy.

Obama said that if Geithner offered his resignation, the answer would be, "Sorry buddy, you've still got the job." CBS released excerpts Saturday.

Obama noted that corporate executives would better understand the public's outrage over bonuses if they ventured out of New York and spent time in Iowa or Arkansas. There, he said, people are thrilled to be making $75,000 a year with no bonuses.

Still, Obama said ordinary Americans are more concerned about having a paycheck and being able to pay college or medical bills than they are about "the news of the day in Washington."

Those are the concerns, he said, that he addresses in his budget, which he calls an economic blueprint for the future. It is "a vision of America where growth is not based on real estate bubbles or over-leveraged banks, but on a firm foundation of investments in energy, education and health care that will lead to a real and lasting prosperity," Obama said Saturday.

Being heard above the din may prove difficult. Lawmakers are wrangling over taxing people who got big bonuses and worrying the president's budget could generate $9.3 trillion in red ink over the next decade.

Dow movement before Bernake speech

Investors await Bernake speech

Stocks move in narrow range as investors set aside the inflation concerns and await bernake speech at 12.00 E.T.

The Fed has showed its efforts to revive the market by announcing its plan to buy treasuries notes. The market initially reacted positively on the move yet pull back Thursday over the worries of inflation.

Bernanke will be speaking on the financial crisis a bank convention in Phoenix. The speech is set for noon EDT.

In midday trading, the Dow is up 13 points at 7,414. The Standard & Poor's 500 index is down 2 at 782, while the Nasdaq composite index is down 2 at 1,482.

Wall Street turns lower after unemployment report

SOURCES FROM YAHOO FINANCE

Thursday March 19, 12:45 pm ET
By Stephen Bernard and Sara Lepro, AP Business Writers
NEW YORK (AP) -- Wall Street turned lower Thursday after a report on jobless claims gave mixed messages about the state of the economy.

Stocks rose early on, but a decline in financial shares pushed the market lower in early afternoon trading.

Another increase in people receiving jobless benefits dented the market's recent burst of confidence, which has driven the Dow Jones industrial average up 14 percent over the past seven days.

Investors had initially cheered another part of the employment report, which showed the number of new initial claims for jobless benefits decreasing last week.
In midday trading, the Dow Jones industrial average fell 88.57, or 1.2 percent, to 7,398.01.

The number of initial requests for unemployment insurance last week dropped to a seasonally adjusted 646,000 from the previous week's revised figure of 658,000, which exceeded economists' estimates. But the number of people continuing to receive benefits set a new record for the eighth straight week, jumping 185,000 to a seasonally adjusted 5.47 million.

Analysts saw Thursday's decline as a slight pause to the enthusiastic buying that has marked the advance that began last week.

"We've had a lot of very positive news that I believe has caught a lot of people by surprise," said Kent Engelke, managing director at Capital Securities Management in Glen Allen, Va.

Stock and bonds both surged on Wednesday following news that the Federal Reserve would pump more than $1 trillion into the economy by buying Treasury bonds and increasing its purchases of mortgage-backed debt securities.

The intended effect of the actions is to break a logjam in lending and lower interest rates, making it less expensive for consumers to borrow for everything from homes to cars to credit cards.

But analysts said some of Thursday's decline could be attributed to investors assessing just how effective the moves will be.

"Yesterday was viewed as a positive," said Todd Salamone, senior vice president of research at Schaeffer's Investment Research. "But there was still some debate as to whether the move was bold enough and what the implications are down the road, the unintended consequences. That debate could be causing some hesitation."

One of those possible consequences is the potential for runaway inflation, Salamone said.

Market summary

Nasdaq Composite top holding

Nasdaq industry break down

Swing trader, would you go for this?

AAPL 6 months weekly bar.
How would you enter it? Given the current situation, a possible bear market rally and resistance level...which side would you go for?
fundamental or technical?
by the way, its been 5 day rally already.

Will this resistance hold strong?

Today's AAPL 6 months daily chart

USD vs CND

During the financial crisis, smart wealthy man are earnings

When the financial crisis hit, most people focus on bad news, and thus their net worth follow the market free fall. Yet, that is a group of smart people below here are seizing this opportunity to boost their net worth.

Which group are we belong to?
It is a matter of choice,right?

John Arnold

John Arnold
Net worth 2.7 billion
Increase by 1.2 billion

Patrick Soon-Shiong

Patrick Soon-Shiong
Net worth 5.5 billion
Increase by 2 billion

George Soros

George Soros
Net worth 11 billion
Increase by 2 billion

Tadashi Yanai and family

Tadashi Yanai and family
Net worth 6 billion
Increase by 2.4 billion

James Simons

James Simons
Net worth 8 billion
Increase by 2.5 billion

John Paulson

JohnPaulson
Net worth 6 billion
Increase by 3 billion

Michael Bloomberg

Michael Bloomberg
Net worth 16 billion USD
increase by 4.5 billion

Zila chart

How if you buy and hold for this stock?

Zila profile

Zila, Inc., a diagnostic company, engages in the prevention, detection, and treatment of oral cancer and periodontal disease. It manufactures and markets ViziLite Plus with TBlue, its flagship product, for early detection of oral abnormalities that could lead to cancer. In addition, the company designs, manufactures, and markets a suite of proprietary products directly to dental professionals for periodontal disease, including the Rotadent Professional Powered Brush, the Pro-Select Platinum ultrasonic scaler, and a portfolio of oral pharmaceutical products for in-office and home-care use. Further, it had certain technology rights, and the United States and foreign patent rights related to the OraTest, an oral cancer diagnostic product. Zila, Inc. markets and sells its products in the United States and Canada through direct sales force, and internationally through third party distributors. The company was founded in 1980 and is headquartered in Phoenix, Arizona.


Zila, Inc.
16430 North Scottsdale Road
Suite 450
Scottsdale, AZ 85254
United States
Phone: 602-266-6700
Fax: 602-234-2264

Zila might file Chapter 11 after cutting costs

Zila's worsening financial situation might force the company to file for Chapter 11 bankruptcy, despite a number of cost-saving measures, according to financial statements filed March 17.

Despite cost-reduction strategies, the company’s revenue and cash continue to decline, according to its quarterly filing with the U.S. Securities and Exchange Commission.

Scottsdale-based Zila’s cash and cash equivalents dropped to $2.5 million as of Jan. 31, compared with $3.2 million on Oct. 31 and $4.5 million on July 31.

“In order to continue as a going concern and fund our current level of operations over the next 12 months, we will require additional funds and need to restructure our senior secured convertible notes,” the company stated in its filing.

Fed launches bold $1.2T effort to revive economy

After Fed announced this plan, it enticed buyers to enter the bidding process and push stocks markedly higher. Financial stocks were red hot and provide leadership to the broader market.
Target fed fund lending rate was as expected to be maintain within the range 0.00%-0.25%. This exceptionally low range would be expected to be extended longer.
For the next 6 months, the Fed will buy 300 billion treasuries. The 10 years notes surges after the news and finished almost 4 points higher, pushing its yield down to a two-month low 2.55%.

AAPL reaction @ FOMC Policy Statement

A Volatie session before and after the latest FOMC policy statement release. Volume spiked sharply after the released.
http://www.marketwatch.com/news/story/treasurys-rebound-after-previous-sessions/story.aspx?guid={119E383C-2643-419E-BD93-8A033AEE9BED}

Initial claims to be release tomorrow @ 8.30a.m

New claims for unemployment are at recessionary levels, as the financial crisis on Wall Street spilled over to Main Street in noticeable fashion with the seizing up of the credit markets in late summer/early fall 2008

AAPL trade in range bound, How long will it last?

AAPL is in range bound for almost 5 months. Would it break through the resistance in these few days? Given that the recent economic data is much stabilize and investors are more ready for bad news in this bear market rally?
FOMC policy statement will be release later this afternoon and initial claim will be release tomorrow. How will the market respond if the report is not as worse as anticipate?