Investing.com Weekly Wrap-Up 27 September 2013
by Investing.com Staff, Investing.com
U.S. stocks drop as fiscal impasse frays nerves; Dow down 0.46%
U.S. stocks fell on Friday as a
congressional deadline to pass a spending package and avoid a government
shutdown grew closer with little compromise in sight by
the closing bell.
At the close of U.S. trading, the Dow Jones Industrial Average finished
down 0.46%, the S&P 500 index fell 0.41%, while the Nasdaq Composite
index slid 0.15%.
Market Commentary: SP500 Closes Below 1700 For Fourth Session
Closing Market Commentary For 09-27-2013
Markets were down for the day, marking the fourth day in a row that the SP500 CLOSED DOWN below 1700 - a very bearish signal.
By 4 pm the averages were down in the
-0.40% area completing 7 days trending downward another bearish
indicator of more to come if the government gridlock comes to fruition.
This house of cards is ready to topple. It isn't a matter of when so
much as when.
What We Read Today 27 September 2013
Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list
reports on the positive effects on India of the Fed decision to delay
taper ........ and the last article shows how the decline in wages
has been predominantly in manufacturing.
Markets Weak, Poised To Fall Further
Midday Market Commentary For 09-27-2013
Markets fell at the opening and have
recovered slightly (+0.15%) from the morning lows but remain depressed
at the -0.50% level. Volume is higher than past sessions with a
particularly high red spike about 11:30, but trending remains positive
as investor participation fall to anemic levels.
By noon the large caps were melting up at
a snails pace while the small caps were even or descending. Overall,
the markets look weak and poised to fall further.
20 September 2013: ECRI's WLI Growth Fourth Weekly Improvement
ECRI's
WLI Growth Index again improved marginally, and remains positive. A
positive number predicts positive growth to come within the next six
months.
Final September 2013 Michigan Consumer Sentiment Lowest Level Since April
by Doug Short, Advisor Perspectives/dshort.com
The University of Michigan Consumer Sentiment final number for September
came in at 76.5. Today's number is below theInvesting.com forecast of
78.0 and a 4.6 decline from the August final reading of 82.1. The
September reading is 7.6 points below the interim high in July and at
the lowest level since April.
Read more >>
Markets Open Down On Heavy Volume
Opening Market Commentary For 09-27-2013
Premarkets were down but about even with
yesterday's midpoint and nothing suggesting that we would have anything
but another lackluster day.
Markets opened down as expected and
quickly picked steam as the red volume reached up into the 'heavy'
region and the trend was solidly down, but moving sideways by 10 am.
Investors are becoming more concerned about government gridlock and the
Fed's inability to communicate to investors what they are going to do.
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Fed's Balance Sheet 25 September 2013: Record Growth Continues
Total Fed Balance Sheet
Fed's Balance Sheet is
$3,690 trillion (up from the last week's record $3,679 trillion). The
complete balance sheet data and graphical breakdown of the cumulative
and weekly changes follows the "read more".
Read more >>
Personal Income and Consumption Above Expectations In August 2013
Written by Steven Hansen
Real Personal Consumption Expenditure (PCE) and
Real
Disposable Personal Income (DPI) were up. The headline non-inflation
adjusted value PCE and DPI improved. The data was above expectations.
But the rate of growth is currently slower than at the beginning of
2013.
Read more >>
What is Stock Supply and Demand?
Online Trading Academy Article of the Week
by Sam Evans, Online Trading Academy
In
my nine years of studying the marketsand actively trading, I have been
introduced to and come across various techniques on how to enter and
exit positions in the FX markets. Some of the strategies were
complicated, others were far more technical and relied on a variety of
different indicators to get the correct signal when to buy or sell.
However, over time I realized the most important thing a trader needs to
accomplish in his or herday-to-day routine, is the abilityto be able to
recognize an opportunity and take it when they see it. The longer it
takes, the more signals you require, and the
more emotional you can get, the harder this simple action becomes. I
like many others, realized that I needed to keep things assimple as
possible and allow myself to recognize an objective trading opportunity
when I saw it and execute my plan without emotion.
Global Child Mortality Rate Has Fallen 47% Since 1990
by Felix Richter, Statista.com
The UN Inter-Agency Group for Child
Mortality Estimation released new estimates of the child mortality rate
worldwide, suggesting it has dropped 47 percent since 1990. This
represents a decline of 90 deaths per 1,000 births in 1990 to 48 in
2012.
French Budget: Juste pour rire!
Written by Hilary Barnes
As Byron might have said:
"I say the budget is a serious matter,
And so, for God's sake, hock and soda water!"
But the French budget also creates its
moments of mirth. For example, it introduces a new tax of 1% on
corporate earnings before interest, depreciation and tax (EBITA),
applicable on EBITA for 2013 and hereafter.
Investing.com: Technical Analysis 26 September 2013
Investing.com Technical Analysis (as of Thu, 26 September 2013 05:00pm EDT)
by Investing.com Staff, Investing.com
Below, technical overviews and analysis for key stock indices, commodities and
currency
pairs, based on market activity at the close of the 26 September 2013
U.S. session. This information is a comprehensive summary derived from
simple and exponential moving averages along with key technical
indicators shown for specific time intervals.
Iran Makes Its Pitch
Updated 3:43pm 27 September 2013
Econintersect: Iranian Foreign
Minister Mohammed Javad Zarif and newly elected Iranian President Hassan
Rouhani have both taken the opportunity to press their case for renewed
talks to resolve the nuclear impasse with the rest of the world on the
occasion of the opening of the United Nations' session in New York. The
latest event in the week's activities was sponsored this evening by the
Council on Foreign Relations and the Asia Society, featuring an address
by Dr. Hassan Rouhani (pictured), president of the Islamic Republic of Iran.
Infographic of the Day: Business Innovation Done Right
Innovation
is vital to achieve success in today's evolving marketplace, but it's
easier said than done. In reality, most companies struggle to achieve
true innovation, despite acknowledging its importance. Whether due to a
lack of resources or ability, many companies remain stagnant.
Geopolitical Uncertainty and Supply Disruptions Push Oil Prices Higher
by Amy Jordan and Mine Yucel - Quarterly Energy Update, Federal Reserve Bank of Dallas
Crude oil prices continued increasing in
the third quarter, pushed higher by concerns over stability in the
Middle East as well as supply disruptions, particularly in Libya.
Increases in the price of West Texas Intermediate (WTI)-the benchmark
price of crude oil in the U.S.-earlier in the third quarter were mainly
due to easing of the bottleneck at Cushing, Okla., which added to upward
price pressure.
China Has the World's Busiest Container Ports
by Felix Richter, Statista.com
Shanghai overtook Singapore in container
traffic in 2010 to become the world's busiest port. The rapid growth and
emergence of Shanghai's port underscores China's sustained economic
development over the past decade.
Paul Konigsberg Charged for Creating False Books in Madoff's Ponzi Scheme
from the Securities Exchange Commission
The Securities and Exchange Commission
today charged the longtime accountant for many of Bernard Madoff's
oldest and wealthiest clients for his role in the creation of false
books and records used in the massive Ponzi scheme.
