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Dow Jones Pauses For Breath At Last

March 20, 2012 Stock Markets
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Wall Street opened down sharply Tuesday as investors pausing after seeing the Standard & Poor’s climb out of eight of the last nine sessions and receive the highest in four years.

In early trade, the Dow Jones lost 0.74% (98 points) at 13,141 points. The S & P 500, wider, yielding 0.71% (10 points) at 1,399 points while the Nasdaq composite fell by 0.8% (24 points) to 3053 points.

“It seems that the market has just need to rest,” said Jack Ablin, chief financial officer of Harris Private Bank in Chicago, who notes that investors focus again on economic fundamentals.

Values​​, Adobe Systems was down 3.6%. The designer of Photoshop and Acrobat announced Monday an increase in its quarterly revenue below expectations due to lower sales of its Creative Suite.

The jeweler Tiffany jumped on him after saying 6% anticipate an increase in its annual results through its development in Asia and America.

The number of housing starts in the U.S. fell in February, but that building permits surged to its highest level since October 2008, a sign that the housing market continues to recover.

Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke should speak during the day, one before the House of Representatives, the other at George Washington University.

Zynga Stock Price Loses Momentum For Investors

March 7, 2012 Stock Markets
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Zynga stock price ran out of steam, under the lowering of recommendation from JP Morgan Chase, (JPM stock) which suggests to keep the action now instead of overweight in the portfolio.

Citing the recent upturn in the market price (ZNGA) since the unveiling of its new gaming platform, analysts at JP Morgan Chase consider that it is better not to buy it at the current price. It currently is trading down 5.99% (-0.88 USD Dollars) to US $ 13.81, after fluctuating between $ 7.97 and $ 15.91 since its IPO in December in 2011.

The game publisher, best known as the designer of Farmville and CityVille, has announced financial results for the fourth quarter last February. This was the first unveiling of its kind since its IPO and investor reaction was rather negative, causing the share price fall of 17.77%.

Indices Held Strong In January But Futures Pointing Lower

February 3, 2012 Stock Markets
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The benchmark index of the USA ended the month of January on a largely positive performance of almost 5%.

Reassured by an improvement in the European and American support of economic statistics, investors have returned en masse in the financial markets and especially on the major U.S. equities.

However, the month of February may start in a more cautious note according to recent futures prices. While the SP 500 is close to its annual summits in 2011, quarterly publications are continuing across the Atlantic, mixed with accounts of oil giant Exxon Mobil or the retail giant Amazon on the Internet. In addition, the latest U.S. statistics have been disappointing, especially with the Chicago PMI index worse than expected, an index of consumer confidence fell sharply and a drop in the S & P Case-Shiller U.S. prices of real estate .

In conclusion, the optimism seen in the month of January in the equity markets will be tested in the coming weeks. The U.S. employment report expected Friday will come and confirm the current strength of the U.S. economy.

Technically, the dynamics of the SP 500 remains bullish on daily data over the 1300 points, coinciding with the threshold to 20 days moving average or above 1290 points (lower ascending upward trend started in late November 2011). Near the peaks of 2011 and 1350 line key points, the operators decided to take a break these days. We will monitor the output of the 1290/1350 range, a break of 1290 should lead to consolidation points in the direction of 1265 points. On the upside, the crossing points of 1350/1360 would open the way to 1400 points.

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