Racer
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And I thought I was a bear.. I am a bull by comparison! 
Catalyst to Resumption of Secular Bear Market
Catalyst to Resumption of Secular Bear Market
Racer
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Racer
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'Citigroup said third-quarter earnings rose 34.6% to $7.14 billion, or $1.38 a share, with revenue up 14.7% at $21.5 billion, helped by a 34.6% increase in corporate and investment banking revenue and a $2.12 billion gain on the sale of life insurance and annuities. Earnings from continuing operations of 97 cents a share were below Thomson First Call-compiled forecasts of 99 cents, though the revenue figure was above consensus forecasts of $20.5 billion. '
A lot of Dow components reporting this week and also there is a new storm brewing in the Gulf of Mexico
A lot of Dow components reporting this week and also there is a new storm brewing in the Gulf of Mexico
Racer
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rustic1 said:
If you are using a spreadbet company then you are using a market maker and relying on their prices and the way they move the spread.
Perhaps have a look at the other threads on spreadbet companies to get a better idea, rather than just me suggesting one.
But I would recommend that you go for futures/YM if you are daytrading the Dow and not do it via spreadbetting
Racer
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NY Fed's Oct Mfg Index Down To 12.08 Vs Sep 15.58
The bank said that its Empire State manufacturing index for October ebbed to a reading of 12.08 versus the revised 15.58 seen the month before. October's reading was below the 19.0 predicted by economists.
The bank said that its Empire State manufacturing index for October ebbed to a reading of 12.08 versus the revised 15.58 seen the month before. October's reading was below the 19.0 predicted by economists.
Racer
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Those 3 stocks have artificially pushed up the Dow in comparison to the SPX and NDX today. Therefore a 60pt rise is not representative of a broad based rally. Probably see some consolidation between 10300 - 10400 tomorrow before the next move down commences.Racer said:
Racer
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IBM posts $1.5 billion fourth-quarter profit
SAN FRANCISCO (AFX) -- International Business Machines Corp. on Monday reported a third-quarter profit of $1.5 billion, or 94 cents a share, compared to $1.6 billion, or 92 cents a share a year ago. IBM (NYSE: IBM - news) 's net income per share was boosted by a reduction in total company shares outstanding. Revenue came in at $21.5 billion, below Wall Street expectations and down from $23.4 billion, as the company didn't record revenue from personal computers after selling that unit to China's Lenovo Group. Excluding one-time charges and items, IBM said income from continuing operations was $1.26 a share, or $2 billion, up 17% from a year earlier. Analysts surveyed by Thomson First Call had forecast IBM to earn $1.13 a share on revenue of $21.7 billion.
This story was supplied by MarketWatch. For further information see www.marketwatch.com.
SAN FRANCISCO (AFX) -- International Business Machines Corp. on Monday reported a third-quarter profit of $1.5 billion, or 94 cents a share, compared to $1.6 billion, or 92 cents a share a year ago. IBM (NYSE: IBM - news) 's net income per share was boosted by a reduction in total company shares outstanding. Revenue came in at $21.5 billion, below Wall Street expectations and down from $23.4 billion, as the company didn't record revenue from personal computers after selling that unit to China's Lenovo Group. Excluding one-time charges and items, IBM said income from continuing operations was $1.26 a share, or $2 billion, up 17% from a year earlier. Analysts surveyed by Thomson First Call had forecast IBM to earn $1.13 a share on revenue of $21.7 billion.
This story was supplied by MarketWatch. For further information see www.marketwatch.com.
