Market very bearish on today.Again all over the world, seeing the sign of loosing the positive breadth that had for the last one and half months.4% slump in the opening, we predicting and could see some recovery in the mid session.As we reported yesterday, United states would take some more time to recover and to back from the recession.The time is not predictable, it could be years.We seeing some stocks could correct today between 5-15%, that have been updated in tips today, please see it.Have a nice trading day.
March leading indicators fell to -.3% in United states.Number is for the month of march.That was larger than the consensus estimate of -0.2% and marked the third straight monthly decline in the series. The February report was revised higher to show a decline of -0.2% versus a previously reported -0.4%. Looking at the components within the index, it was M2 and the interest rate spread that were the big offsets again, as they contributed 0.34% and 0.26%, respectively, to the leading index.
Consumer expectations added 0.08%, consumer goods orders were estimated to be flat, and all other components were reported to have a negative net contribution with building permits (-0.26%) the biggest drag.
Purpose
The purpose of the leading index is straightforward: It is designed to signal turning points in the business cycle.
Composition
The index of leading indicators includes the ten economic statistics listed below.
1.The interest rate spread between 10-year Treasury notes and the federal funds rate.
2.The inflation-adjusted, M2 measure of the money supply.
3.The average manufacturing workweek.
4.Manufacturers' new orders for consumer goods and materials.
5.The S&P 500 measure of stock prices.
6.The vendor performance component of the NAPM index.
7.The average level of weekly initial claims for unemployment insurance.
8.Building permits.
9.The University of Michigan index of consumer expectations.
10.Manufacturers' new orders for nondefense capital goods.
source:briefing
Our market will open in positive mood.Only good news at all in the global markets, but we have to move very carefully,A speed breaker can approach any time in this race.There is no notworthy results on monday, and IIP number could not affect the market mood any more.Actually market was expected such bad numbers, but the speculators dose nt seemes to.That was the reason for thursdays dull trading.For intrday tips please watch Tips Today meny on the above side of the page.And have a nice trading day.
If an investor looks for the market, both global and domestic are ready to hear the annual numbers of the members.These numbers will decide the further upmovement of markets. All global financial giants are preparing to announce thier numbers in this week (Citigroup, J.P. Morgan, Goldman Sachs).The other companies are GE,Intel etc..In domestic market we have only 4 days to trade in this week, and Infosys results will out on 15.
Regarding the US bank results, different predictions are coming from the various sides,Some expects the write -off will continue and could go thats worst part.But some believes this is the time to expect some surprise news from the Boards.We Dalal securities have a postive outlook on the market and on the overseas results.
Alok industries ,all possible to touch 15 .
Bharati Airtel could see at 680.
PowerGrid could move to 100.
These are only speculators predicts,no technical support for these information.If you trading these stocks ,that will be your on risk.
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