Stocks turn lower after weaker-than-expected GDP

The GDP rose at a 3.2% annual pace in the Q1,Economists forecast GDP would rise 3.4%.
A drop in consumer sentiment contributed to the selling.
Despite the gains the past two days, investors are still keeping an eye on the European debt problems.
An aid package for Greece could come over the weekend.
Federal prosecutors are looking into whether to pursue a criminal case against Goldman, according to published reports.Goldman shares fell $12.26, to $147.94.

Make a Guess !

Warren Buffett and Bill Gates Are Pouring Over $1.5 BILLION into Which of These Two Stocks?

Hint: 92.1% of all respondents answer this question WRONG!

A.) Microsoft (MSFT) and Berkshire Hathaway (BRKa)
B.) Apple (AAPL) and Google (GOOG)
C.) Berkshire Hathaway (BRKa) and Apple (AAPL)
D.) Republic Services (RSG) and Waste Management (WM)
E.). Google (GOOG) and Microsoft (MSFT)

Would you like to know the answer ?
The Correct Answer is: Republic Services(RSG) and Waste Management(WM)

Daily Range Projections

Research has shown that tomorrow’s price range is influenced by the relationship between the current day’s price close versus the current day’s price open. There are three possible relationships between the close today and the open today.

1. The close today is less than the open today;
2. The close today is greater than the open today;
3. The close to day is equal to the open today;

If relationship 1 exist, use the following formula to project the range for the following day:

(High today + Low today + Close today + Low today)/2 = X

Tomorrow’s projected high = X – Today’s low

Tomorrow’s projected Low = X – Today’s high

If relationship 2 exists, revise the formula as follows:

(High today + Low today + Close today + High today)/2 = X

Tomorrow’s projected high = X – Today’s low

Tomorrow’s projected low = X – Today’s high

If relationship 3 occurs, make the following adjustments:

(High today + Low today + Close today + Close today)/2 = X

Tomorrow’s projected high = X – Today’s low

Tomorrow’s projected low = X – Today’s high

If price opens within the projected price range and you are a day trader, anticipate resistance above the projected high and expect support at the projected low. More
Importantly should price open outside the projected range – above the projected high or below the projected low – the supply – demand balance had shifted significantly enough
To imply that the short-term price trend will continue in the direction of the opening breakout. Two options exist for the short –term trader if such a breakout occurs:

1. Ignore the projected ranges for the day;
2. Adjust the value for the projected low to just below the projected high in the case of an upside breakout; conversely, revise the value for the projected high to just above the projected low in the case of a downside breakout.

Note: I got it from a book named "The New Science of Technical Analysis". No Guarantee that this performance will continue.

Market Focus 4/29/2010

Stock Market Closing Prices – 4/29/10

Dow ( DJIA ) Close - 11167.32 +122.05
Nasdaq Stock Close – 2511.92 +40.19
S&P 500 Close – 1206.78 +15.42

Commodities Closing Prices – 4/29/10

Gold Close - 1170.00 +1.60
Oil Close – 85.46 +0.29
Natural Gas – 4.01


The Dow rose 122 points, Stocks surged higher after another series of upbeat earnings reports and a reading on unemployment provided more evidence of an improving economy.

Gains were broad based, with 27 of the 30 Dow components ending higher. Financial and tech sector led the market.

Tomorrow, Labor Department will releases GDP data for Q1.

Stock Market April 30, 2010

Chevron is set to release quarterly results. Before market open.
Allergan is scheduled to post quarterly results. Before market open.
Berkshire Hathaway is expected to release quarterly results.

Stocks rise on Greece bailout talks,drop in jobless claims

Stocks rise on Greece bailout talks,drop in jobless claims

Stocks were rallying today on hopes of an economic recovery and relief that Greece will likely get a bailout in coming days.

Exxon Mobil posts a profit but misses expectations. Procter & Gamble reported a better-than-expect results.

The Best ETFs to Buy Now

LINK ARTICLE

ETF #1 - ING Risk Managed Natural Resources Fund (IRR)

ETF #2 - SPDR Utilities (XLU)

ETF #3 - iShares MSCI Brazil (EWZ)

ETF #4 – iShares iBoxx Investment Grade Corporate Bond Fund (LQD)

ETF #5 - SPDR Gold Trust (GLD)

ETF #6 - iShares DJ US Insurance Index Fund (IAK)

Top 10 High Yield Dividend Stocks in the Dow

LINK

Dow Dividend Stock #1 – AT&T (T)
Market Cap: $154.9 billion
Annual Dividend: $1.68
Dividend Yield: 6.4%

Dow Dividend Stock #2 – Verizon (VZ)
Market Cap: $83.8 billion
Annual Dividend: $1.90
Dividend Yield: 6.3%

Dupont (DD)
Market Cap: $35.5 billion
Annual Dividend: $1.64
Dividend Yield: 4.2%

Dow Dividend Stock #4 - Pfizer (PFE)
Market Cap: $137.1 billion
Annual Dividend: $0.72
Dividend Yield: 4.2%

Dow Dividend Stock #5 – Merck (MRK)
Market Cap: $112.3 billion
Annual Dividend: $1.52
Dividend Yield: 4.1%

Dow Dividend Stock #6 – Kraft Foods (KFT)
Market Cap: $46.0 billion
Annual Dividend: $1.16
Dividend Yield: 3.8%

Dow Dividend Stock #7 - Chevron (CVX)
Market Cap: $163.9 billion
Annual Dividend: $2.72
Dividend Yield: 3.4%

Dow Dividend Stock #8 – McDonald's (MCD)
Market Cap: $74.4 billion
Annual Dividend: $2.20
Dividend Yield: 3.2%

Dow Dividend Stock #9 – Coca Cola (KO)
Market Cap: $125.1 billion
Annual Dividend: $1.76
Dividend Yield: 3.2%

Dow Dividend Stock #10 – Johnson and Johnson (JNJ)
Market Cap: $180.3 billion
Annual Dividend: $1.96
Dividend Yield: 3.0%