Where is the Dow & others heading in 2005?

Pfizer under pressure amid suggestions that blindness may be linnked to Viagra, talk of 22 related cases

BOSTON (MarketWatch) -- Viagra maker Pfizer said Friday that there is "no evidence" to indicate that users of the drug have a higher risk of developing a form of blindness called non-arteritic anterior ischemic optic neuropathy (NAOIN) than the general population. Pfizer confirmed that it is, however, in talks with the FDA regarding revising Viagra's label to reflect that a handful of users did develop the vision disorder. Pfizer maintained that clinical trials have shown Viagra to be safe.
 
roguetrader said:
Pfizer under pressure amid suggestions that blindness may be linnked to Viagra, talk of 22 related cases

BOSTON (MarketWatch) -- Viagra maker Pfizer said Friday that there is "no evidence" to indicate that users of the drug have a higher risk of developing a form of blindness called non-arteritic anterior ischemic optic neuropathy (NAOIN) than the general population. Pfizer confirmed that it is, however, in talks with the FDA regarding revising Viagra's label to reflect that a handful of users did develop the vision disorder. Pfizer maintained that clinical trials have shown Viagra to be safe.

Does this have anything to do with the saying "Love is blind" :cheesy:

(Sorry - it's both a hot and a slow day and my brain is probably just on tickover)
 
kriesau said:
Dow has 20 decliners and 10 risers, the latter amazingly led by AIG who are up nearly 2%. Never thought a law suit alleging serious accounting irregularities was a development that would drive a stock up nearly 2% !

Dodgy accounting.... yeah well they must all be on that dodgy viagra
 
Anyone short yet on the Dow today ?

Me

And a confident short on the DAX.....

I have been analysing the current Dow and co situation immensely and we have got some bullish calls at the moment.....

But its temporary......limited upside.....

So shorting at current levels and even higher levels would be great.....

Looking at next week: Seasonally, the week following the Memorial Day holiday is a positive one for the market.

Also the S&P has rallied the week after Memorial Day in 16 out of the last 21 years, and in only two cases was the S&P lower by more than 1%...

So next week is bullish around 76% of the time.......thats a good stat if your long however we can easily fall into the 24% category this time around. Can't rule anything out.....


Just thought I'd share that with you all.
 
user said:
Me

And a confident short on the DAX.....

I have been analysing the current Dow and co situation immensely and we have got some bullish calls at the moment.....

But its temporary......limited upside.....

So shorting at current levels and even higher levels would be great.....

Looking at next week: Seasonally, the week following the Memorial Day holiday is a positive one for the market.

Also the S&P has rallied the week after Memorial Day in 16 out of the last 21 years, and in only two cases was the S&P lower by more than 1%...

So next week is bullish around 76% of the time.......thats a good stat if your long however we can easily fall into the 24% category this time around. Can't rule anything out.....


Just thought I'd share that with you all.

Like to see historical contrarians in action :)

I'm short on the Dax but holding off on the Dow at the moment untill I see a clear break through 10520. Will we get it today or next week ??????? :confused:
 
Dow having another shot at breaching 10550 with SPX trying for 1200 while the NDX & SOXX seem to have run out of steam. Is this the last throw of the dice ?
 
User, see you got your long matey, 500!

Certainly got to my target......I also did suggest 10600. 'If' and 'when' that happens, I simply don't care.....I'm short....and will be shorting more if we see higher.....

This counter move is topping.......

I expected and wanted a sideways move this week........We got a gain of over 70 points this week on the Dow......so thats fine.....

I'll be analysing over the weekend. Hopefully I'll get some free time....

A good week on this thread.....

Hope you all have a nice long weekend and enjoy the sun :cool:
 
User, some resistive vol caught in in the up swing, has this move lived its life? Level off, then more downside? 600 not out of the question short term, depending on timeframe perspective its not over yet for the long johns?
 
Next week should be fun, as alot of data is coming out......

76% chance of upside if you look back over the last 21years....

Lets see what happens...
 
Can't really read much into todays action as volume is gonna come in around 30% lower than yesterday at the lowest of the year
 
roguetrader said:
Can't really read much into todays action as volume is gonna come in around 30% lower than yesterday at the lowest of the year

RT - where do you get your current daily trading volumes from ?
 
kriesau said:
RT - where do you get your current daily trading volumes from ?

They are market volumes for NYSE and Nasdaq, get them from eSignal. I monitor marketvolume on an hourly basis.
 
User, good timeframe, though i use a slightly wider one? 25 to be exact! Data's blury, youve just got to read between the lines?
 
Biggest gainer today on the Dow was AIG.. says it all...

Note , may I suggest refer to the comment I made earlier.

Blind is a clue ;)
 
Not that I am a great fan of analysts, almost to the point that this is almost a contrarian indicator if it didn't make so much sense.......................

8:15am 05/27/05
J.P. Morgan staying away from U.S. equities By Padraic Cassidy
NEW YORK (MarketWatch) - J.P. Morgan analysts on Friday reiterated an underweight rating on global and U.S. stocks, saying a deteriorating earnings environment has the potential to reverse the trend of higher-than-expected U.S. earnings in the last eight quarters. Analysts forecast 0% earnings growth next year for the S&P 500, while consensus expectations call for 10.5% EPS growth, J.P. Morgan said. Put another way, analysts said, if earnings growth rises at close to trend, about 6%, "based on current consensus forecasts this would see numbers miss by an average of 75 cents a quarter over the coming year. We doubt the market is prepared for this or would easily absorb these disappointments over consecutive quarters." The brokerage rates Eurozone and Japan at overweight.
 
roguetrader said:
Not that I am a great fan of analysts, almost to the point that this is almost a contrarian indicator if it didn't make so much sense.......................

8:15am 05/27/05
J.P. Morgan staying away from U.S. equities By Padraic Cassidy
.

Thanks for posting that RT, saw a headline but didn't have the details. And yes I agree with your comments too!
 
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