In today's economic slump, people obviously want to save as much as possible when making purchases. Using coupons is no longer seen as an unnecessary, time-wasting frugality and has recently grown increasingly popular. Many retailers now offer online coupons so that internet users can conveniently find deals on the things they normally buy. The popularity of using the internet to find discount vouchers has soared in the past few years and is only...more
Daily Stock Report for Monday Morning, February 21, 2010 pt1Stocks continued to move up Friday and was up slightly at the close on low volume. The concern about the Feds surprise move in the Discount rate wore off after an hour or so and moved up.After the Fed clarified that this was not a rate hike but is more of a technical move between banks and the Fed, it may have calmed the markets on Thursday night. After watching the PPI and CPI numbers...more
Daily Stock Report for Thursday Morning, February 25, 2010 pt2Summary Opinion We are at a critical level that could establish a downtrend if lower lows are made or this could be just a pullback within an uptrend. Start gradually peeling off long positions this next few days for short-term investor.Calendar Tuesday, 900am, ET, Case-Shiller Housing Index, -3.1%Tuesday, 1000am ET, Consumer Confidence, 55.0Wednesday, 1000am ET, New Home Sales, 355KWednesday, 1030am ET, Crude Oil Inventories, 3.08MThursday, 830am ET, Initial Claims, 460KThursday, 830am ET, Continuing Claims, 4570KThursday, 830am ET, Durable Orders, 1.5%Thursday, 1000am ET, FHFA Housing Price Index, 0.7%Friday, 830am ET, GDP, 5.7%Friday, 945am ET, Chicago PMI, 59.0Friday, 955am ET, Univ Michigan Consumer SentimentFriday,1000am ET, Existing Home Sales, 5.5MFollow-up notes: TM, Toyota Motors stock really started moving at the open today and ended up 39% by the close as the grandson of the founder testified in Congress. REPEAT from previous report: We are looking for this $71 level to be the bottom and not go below the February 4th low. We should see a bounce start soon and eventually to higher highs than the $77 we saw...more
Daily Stock Report for Tuesday Morning, February 23, 2010 pt1The stock market closed down slightly after selling in the last hour took stocks from a slightly positive to an 19 point drop on the Dow30 and smaller losses on the Nasdaq and S&P 500.We might see a little bit of nervousness over the Bernanke testimony Tuesday and Wednesday but the market...more
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Daily Stock Report for Wednesday Morning, February 24, 2010 pt1The stock market had its biggest drop in three weeks that probably was rattled by the Consumer Confidence numbers that came out today. Expectations was a reading of 55 and came out at...more
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