Message #633 From:
zantriocom Date: October 27, 2009 08:29:54 PM
Zantrio.com Market Review 10-27-09
Conference Board's Consumer Confidence Index unexpectedly fell to 47.7 in October, its second-lowest reading since May, analysts predicted a reading of 53.1. Investors didn’t react well to the news sending stocks lower early in the trading session, however an upbeat report from the S&P/Case-Shiller 20-city home price report added confidence leading stocks to edge higher in the afternoon. The S&P/Case-Shiller 20-city home price index fell 11.3% in August from last year, marking the smallest decline in 19 months, analysts expected a drop of 11.9%. Stocks were mixed at the end of the trading session, the Dow Jones Industrial Average rose 13 points as the Nasdaq Composite Index fell 11 points, and the Standard & Poor’s 500 Index fell 2 points. Commodities were mixed, crude oil rose as gold fell, bond prices however were on the rise, the yield on the benchmark 10-year Treasury note fell to 3.45 from 3.57 Monday.
Free Daily Stock Picks activity and results for October 27, 2009:
ACGL - position entry at 69.43, Stop hit for a loss of 1.00 point WINN - position entry at 12.45PM, 1st Target Level hit for a gain of 0.31 points FELE - position entry at 28.14, 3rd Target Level hit for a gain of 1.13 points RCII - position entry at 18.99PM, 2nd Target Level hit for a gain of 0.76 points VFC - position entry at 74.36, 1st Target Level hit for a gain of 1.12 points ZRAN - position entry at 9.20PM, 3rd Target Level hit for a gain of 0.55 points WMS - position entry at 45.90PM, 3rd Target Level hit for a gain of 1.84 points LTD - position entry at 18.23PM, 1st Target Level hit for a gain of 0.46points
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