The Tankan Large All Industry Capex rose by 2.4% in the September quarter, slightly below expectations of a 3.0% rise and following a 4.4% increase the previous quarter.
The Tankan Non-Manufacturing Index also improved achieving 2 points in the third quarter 2010 better than -2 forecasted and compared to -5 reached in Q2.
but companies are less optimistic about the future
http://www.marketwatch.com/story/bank-of-japan-key-sentiment-index-turns-up-2010-09-28?siteid=bnbhRead more…
By Nicholas Santiago on September 28th, 2010 3:27pm Eastern Time
The volume and conviction has left this market. It is now so obvious that the U.S. Dollar Index is being played like a fiddle anytime the stock market begins to decline. The moves in the major indexes are very erratic. However, when the major stock indexes are in trouble the declining dollar will come to the rescue. Many traders are simply buying gold on any dip and leaving the rest of the stocks in the market alone.
Look at the action in Apple Inc. (NASDAQ:AAPL) today. Apple Inc. had two major declines intra-day that were very uncharacteristic of the stock. Yesterday, Progress Energy Inc.(NYSE:PGN) had a similar fiasco as a circuit breaker failed to trigger. Today the stock made a new 52 week high. Yes, we all know that hedge fund manager David Tepper on CNBC said that Federal Reserve Bank will save the stock market regardless of what happens, however, we did not know that he meant intra-day. It is very surprising to see this type of action from the powers that be. Are these guys at the Fed not mathematicians, statisticians, PhDs, and MBAs? All I can say is that this story will not have a pretty ending when it is all said and done.
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1-Blackberry introduces the Black pad.2-Samsung Galaxy S tablet or pad running on Android.The two above are much better products than the Apple iPad.Why?...Apple doesn't let you run Adobe Flash Player.Simple!! There stubborness will lose them the loyality of many customers,as I'm starting to lose faith too.
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By Nicholas Santiago on September 28th, 2010 10:06am Eastern Time
The stock market has become much like the old wild west. Yesterday Progress Energy Inc. (NYSE:PGN) traded from $44.00 to $4.00 in a few seconds as the newly implemented circuit breaker failed to stop the flash decline correctly. This morning Apple Inc.(NASDAQ:AAPL) declined by about 15 points as the stock opened at $291.71 and dropped to $275.00 in a minute or so before bouncing back higher by over 10 points. A couple of weeks ago Cisco Systems Inc.(NASDAQ:CSCO) was halted after it triggered the circuit breaker from a quick 10 percent decline. Traders and investors have really no choice but to wonder what is going on in the markets, what is causing all of these erratic moves. Let us not forget the huge decline on May 6, 2010 which is now called the infamous "flash crash." These are not normal moves for the stock market.
The volume is also another factor to be very suspicious of. Besides the volume being very light as of late it seems to increase when the stock market declines. However, the stock market will continually rally on extremely light volume. Historically, this is not how a healthy stock market behaves. A healthy stock rallies on stronger volume and declines on weaker volume. At least that is the way it has been since the start of the New York Stock Exchange.
So what is really going on with this market? That is a great question that many are asking. 2010 has been a very volatile and choppy year. This market is only for traders and not for the buy and hold investor. Who could really hold a stock when it may decline or even crash before bouncing? Welcome to the new wild west as this looks to be the way the stock market is for the time being.
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By Gareth Soloway on September 28th, 2010 12:10pm Eastern Time
Just as the markets were hitting their lows of the day at $113.18 on the SPDR S&P 500 ETF (NYSE:SPY), the 'powers' that be started to drop the U.S. Dollar quickly. The PowerShares DB US Dollar Index Bullish (NYSE:UUP) dropped from $23.07 all the way to $22.87. The coordination of this drop makes one think, there is more at work here than just normal market activity. As the Dollar collapsed, the markets rallied sharply higher off the lows and have since turned slightly positive. An ugly day was avoided and the markets are sitting pretty. To gain more insight, analysis, guidance, swing trades and education, join the Research Center.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.comRead more…
By Gareth Soloway on September 27th, 2010 12:18pm Eastern Time
Whether this latest rally has been topped off by end of quarter window dressing or not, the markets have had a huge rally. With four straight weeks of gains, the stock market looks to add number five this week. While the move has been sensational, one warning sign that keeps popping up is oil. The S&P is up 10% for the month of September and the Nasdaq 100 is higher by 15%. Truly remarkable. If this gain in the markets is from the core of a true recovery, global and domestic, oil should be up approximately 10% as well, maybe even more considering the drop in the Dollar. After all, if a recovery is taking place, demand for oil should be jumping. Supply and demand would dictate oil should be higher. The United States Oil Fund LP (ETF) (NYSE:USO) made its low a month ago at $31.50. It is currently trading at $33.07. That is only a move higher of 5%, half of what the S&P 500 is up. In addition, the Dollar has been crushed over the last month. One month ago today, the PowerShares DB US Dollar Index Bullish (NYSE:UUP) was trading at $24.14. Today it is trading at $22.99. That is a drop of 4.75%. When you factor in the U.S. Dollars drop, oil is basically flat on this whole entire move higher in the S&P 500. Very fishy! This serves as a warning sign, nothing more. To get more analysis on this and more, join the Research Center.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.comRead more…
