- Joined
- 28 May 2004
- Posts
- 10,856
- Reactions
- 5,249
Discuss the U.S. market here!
- Joined
- 7 July 2004
- Posts
- 353
- Reactions
- 0
I got no interest with them at this stage.
wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,747
- Reactions
- 12,931
I trade them.
Advantages:
greater liquidity
more choice
able to short sell easily
greater movements
much cheaper brokerage
Disadvantages:
time frame
exchange rate risk(can be mitigated somewhat)
I'll see if I can get some interest going here
Advantages:
greater liquidity
more choice
able to short sell easily
greater movements
much cheaper brokerage
Disadvantages:
time frame
exchange rate risk(can be mitigated somewhat)
I'll see if I can get some interest going here
- Joined
- 28 May 2004
- Posts
- 10,856
- Reactions
- 5,249
I trade them.
Advantages:
greater liquidity
more choice
able to short sell easily
greater movements
much cheaper brokerage
Disadvantages:
time frame
exchange rate risk(can be mitigated somewhat)
I'll see if I can get some interest going here
Go for it Wayne!
I'd love to learn a bit more about trading the U.S. markets.
Do you use a local broker or a US based one?
- Joined
- 7 July 2004
- Posts
- 353
- Reactions
- 0
I probably stick to the Aussie market at this stage, but will explore it in the future.
Thanks Wayne
Thanks Wayne
wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,747
- Reactions
- 12,931
Joe
I use a US based broker www.interactivebrokers.com but funds are held in sydney in AUD.
Brokerage for shares is $0.01 per share with $1.00 minimum
I use a US based broker www.interactivebrokers.com but funds are held in sydney in AUD.
Brokerage for shares is $0.01 per share with $1.00 minimum
- Joined
- 7 July 2004
- Posts
- 353
- Reactions
- 0
Wayne,
What software are you using for charting?
What software are you using for charting?
wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,747
- Reactions
- 12,931
Jet,
It is www.sierrachart.com
Great for US markets. Very inexpensive for a dynamic intraday package.
Unfortunately, because of the data streams available, it's no good for aussie stocks.
Cheers
It is www.sierrachart.com
Great for US markets. Very inexpensive for a dynamic intraday package.
Unfortunately, because of the data streams available, it's no good for aussie stocks.
Cheers
- Joined
- 7 July 2004
- Posts
- 353
- Reactions
- 0
Wayne,
What about ASX trading, which charting software do you prefer and currently using it?
What about ASX trading, which charting software do you prefer and currently using it?
I've been in the US markets for a few years now. In some ways I am more comfortable with it than the Aussie market but I think that will change.
As Wayne mentioned earlier, FX rates can really make a huge difference between a real gain or loss. I've made a point of now concentrating on long term plays which will hopefully mitigate the FX issue.
One thing to take in, the ATO ring fences overseas losses so you can only offset and international loss against an international gain.
Oh, I use E*Trade US for my US trading.
As Wayne mentioned earlier, FX rates can really make a huge difference between a real gain or loss. I've made a point of now concentrating on long term plays which will hopefully mitigate the FX issue.
One thing to take in, the ATO ring fences overseas losses so you can only offset and international loss against an international gain.
Oh, I use E*Trade US for my US trading.
- Joined
- 17 June 2004
- Posts
- 668
- Reactions
- 2
Been trading the US market for many years, not to mention the tech crash... :'(
I've been using datek which has now become part of ameritrade. I like the level of research tools and their quick web based trading. I also used to use a daytrading package based on realtick but that was when I did try to make a living out of day trading which didn't turn out well...
Anyway, the US market certainly has its advantages and moves a lot more than the OZ market but the time difference is a real problem especially if you want to do some day trading. Well, more focused on the Aussie side of things for now. Still holding a few shares overseas but nothing worth mentioning really.
I've been using datek which has now become part of ameritrade. I like the level of research tools and their quick web based trading. I also used to use a daytrading package based on realtick but that was when I did try to make a living out of day trading which didn't turn out well...
Anyway, the US market certainly has its advantages and moves a lot more than the OZ market but the time difference is a real problem especially if you want to do some day trading. Well, more focused on the Aussie side of things for now. Still holding a few shares overseas but nothing worth mentioning really.
Could anyone please let me know the best site(s) for following movements in the US markets overnight. I am interested in up to date movements in the Dow Jones, key stocks and commentary on what is driving movements if possible. Hopefully for free.
Bingo
Bingo
wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,747
- Reactions
- 12,931
Monday, June 27, 2005
Check Nasdaq and S&P futures
On Thursday, the Federal Reserve will announce its latest policy on the nation's interest rates, and institutional traders ”” the big banks that run mutual funds, hedge funds and other investment vehicles ”” will react accordingly before the 4 p.m. close, attempting to strike the right balance between boosting their end-of-quarter returns and planning for future rate hikes.
After the volatility of Thursday, Friday's trading may signal the market's short-term direction, thanks to the ISM Index. The Institute for Supply Management measures the health of the nation's manufacturing sector, and its index for June, which comes out Friday morning, is expected to come in at 51.5, a slight increase from May's 51.4 reading.
A few other reports could move the markets earlier in the week, oil notwithstanding. The Conference Board's consumer confidence index, due Tuesday, is expected to improve to 104.1 in June, up from 102.2 in May. However, that expectation may have been made before oil prices surged last week, so a surprise on the negative side could occur.
On Wednesday, the Commerce Department will release its final figures for the first quarter's gross domestic product growth. GDP was expected to rise at an annual rate of 3.7 percent, up from previous first-quarter estimates of 3.5 percent.
Check Nasdaq and S&P futures
On Thursday, the Federal Reserve will announce its latest policy on the nation's interest rates, and institutional traders ”” the big banks that run mutual funds, hedge funds and other investment vehicles ”” will react accordingly before the 4 p.m. close, attempting to strike the right balance between boosting their end-of-quarter returns and planning for future rate hikes.
After the volatility of Thursday, Friday's trading may signal the market's short-term direction, thanks to the ISM Index. The Institute for Supply Management measures the health of the nation's manufacturing sector, and its index for June, which comes out Friday morning, is expected to come in at 51.5, a slight increase from May's 51.4 reading.
A few other reports could move the markets earlier in the week, oil notwithstanding. The Conference Board's consumer confidence index, due Tuesday, is expected to improve to 104.1 in June, up from 102.2 in May. However, that expectation may have been made before oil prices surged last week, so a surprise on the negative side could occur.
On Wednesday, the Commerce Department will release its final figures for the first quarter's gross domestic product growth. GDP was expected to rise at an annual rate of 3.7 percent, up from previous first-quarter estimates of 3.5 percent.
Markets all over the world, including the U.S., had a strong reaction due to the bombings in London. Indexes on Wall Street had a wild ride trading in the red in triple digits for the Dow and after 2:00 swinging into positive action as the markets absorbed the news from overseas and settled into the green.
Retail sales jumped for a change in June; consumers evidently like the hot weather, at least as far as spending is concerned. Wal Mart store sales were up 4.5%, J.C. Penney up 7.5%, and Target up 9.0% for June.
The 30-year mortgage dropped to its lowest rate since April of ’04 to 5.53 down from 5.63 the previous week. The mortgage associations are reporting a slew of refinancing.
The Institute for Supply Managers said that its business index of activity for the non-manufacturing sector rose 62.2 from 58.5 in May. This index measures expansion and contraction in the economy and this was the 27th rise in their numbers. Discounts by automakers helped to boost the numbers.
So what can you get for $4, how about a bottle of wine? From Napa, California comes Fred Franzia, a famous maker of inexpensive (all right cheap) wine. This time the wines are made from grapes grown in the Napa Valley, where wine usually costs more like $40 per bottle and the land to grow them six figures per acre. Franzi’s Bronco Wine label, carried mostly in westerns state markets, say they can compete in a blind tasting with any $100 bottled Californian wine.
Retail sales jumped for a change in June; consumers evidently like the hot weather, at least as far as spending is concerned. Wal Mart store sales were up 4.5%, J.C. Penney up 7.5%, and Target up 9.0% for June.
The 30-year mortgage dropped to its lowest rate since April of ’04 to 5.53 down from 5.63 the previous week. The mortgage associations are reporting a slew of refinancing.
The Institute for Supply Managers said that its business index of activity for the non-manufacturing sector rose 62.2 from 58.5 in May. This index measures expansion and contraction in the economy and this was the 27th rise in their numbers. Discounts by automakers helped to boost the numbers.
So what can you get for $4, how about a bottle of wine? From Napa, California comes Fred Franzia, a famous maker of inexpensive (all right cheap) wine. This time the wines are made from grapes grown in the Napa Valley, where wine usually costs more like $40 per bottle and the land to grow them six figures per acre. Franzi’s Bronco Wine label, carried mostly in westerns state markets, say they can compete in a blind tasting with any $100 bottled Californian wine.
Wall Street Eager for Earnings Season
Wall Street Hoping for a Strong Performance As Second-Quarter Earnings Season Begins This Week
NEW YORK (AP) -- All the talk about economic growth, inflation, oil prices and interest rates can send the markets scurrying in any direction. But when it comes to stocks, there's no better indicator of performance than earnings. Second-quarter earnings season begins in earnest this week.
Looked at individually, a company's earnings are certainly the clearest indicator of whether it's a good investment. Looked at collectively, earnings should give the market some clues about the future of the economy.
The economy isn't in bad shape -- quite the opposite. Recent economic data points to solid, if slowing, growth and a low risk of inflation. But there are enough other questions that have some analysts concerned.
"Right now, earnings growth looks good. Revenue growth in the first quarter looks good. You have really good data suggesting that things are fine in the market," said Hans Olsen, managing director and chief investment officer at Bingham Legg Advisers in Boston. "But it's almost being like in the eye of the hurricane. Swirling all around us we have the housing bubble, oil prices, terror threats, trade deficits, competition from China -- what's going to hit first?"
Oil seems like a likely candidate. With FedEx Corp. already blaming rising oil prices for disappointing earnings, Wall Street will be looking carefully at other companies for similar oil-related problems. Transportation and airline stocks are already expected to be hit hard, but if other industrial earnings are affected, expect the markets to come out of earnings season on a down note.
Last week, Wall Street recovered from rising oil prices and the London terror bombings to post gains for the week. The Dow Jones industrial average rose 1.41 percent, the Standard & Poor's 500 index climbed 1.46 percent, and the Nasdaq composite index soared 2.7 percent.
ECONOMIC DATA
In addition to earnings, the week ahead also brings a great deal of economic data that could help chart Wall Street's course over the next month. On Wednesday, the Commerce Department reports on the nation's trade deficit. Economists expect the deficit to come in at $57 billion for May, the same as in April.
On Thursday, the Labor Department issues its Consumer Price Index, a key measure of inflation in retail prices. The index is expected to rise 0.3 percent in June, compared to a 0.1 percent dip in May. "Core" CPI, with volatile food and fuel costs removed, is expected to climb 0.2 percent, slightly more than the 0.1 percent rise in May.
The Labor Department's Producer Price Index, a measure of wholesale prices, follows on Friday. June's rise in oil prices is expected to push the PPI up 0.4 percent, compared to a 0.6 percent loss in May. But core PPI is expected to rise just 0.1 percent, the same as in May.
Finally, the University of Michigan's consumer sentiment index is expected after the opening of Friday's session. Economists expect the widely watched measure of consumer confidence to come in at 94.5, down from 96.0 in June.
EARNINGS
One of the most anticipated earnings reports this week comes Friday from General Electric Co. With divisions in manufacturing, media, healthcare and finance, GE is often seen as a barometer for the market as a whole. GE is expected to earn 44 cents per share, up from 38 cents per share in the second quarter a year ago. While the stock has been off a few dollars over the past month, it remains 11.4 percent above its 52-week low of $31.42 on Aug. 5, 2004, closing Friday at $34.99.
On Wednesday, technology sector favorite Apple Computer Inc. is scheduled to release its earnings after the session. The maker of the popular iPod music player has seen its share price surge 167 percent from its split-adjusted 52-week low of $14.37 on July 14, 2004, closing Friday at $38.25. Apple is expected to earn 31 cents per share, up sharply from 9 cents per share a year ago.
Among the drugmakers reporting in the week ahead, Genentech Inc.'s successful drug launches and clinical trials over the past year have given the stock a strong boost -- up 103 percent from its 52-week low of $41 on Oct. 27, 2004. The pharmaceutical company is expected to earn 26 cents per share, up from 19 cents per share last year, when it reports after Monday's session. The stock closed Friday at $83.17.
Wall Street Hoping for a Strong Performance As Second-Quarter Earnings Season Begins This Week
NEW YORK (AP) -- All the talk about economic growth, inflation, oil prices and interest rates can send the markets scurrying in any direction. But when it comes to stocks, there's no better indicator of performance than earnings. Second-quarter earnings season begins in earnest this week.
Looked at individually, a company's earnings are certainly the clearest indicator of whether it's a good investment. Looked at collectively, earnings should give the market some clues about the future of the economy.
The economy isn't in bad shape -- quite the opposite. Recent economic data points to solid, if slowing, growth and a low risk of inflation. But there are enough other questions that have some analysts concerned.
"Right now, earnings growth looks good. Revenue growth in the first quarter looks good. You have really good data suggesting that things are fine in the market," said Hans Olsen, managing director and chief investment officer at Bingham Legg Advisers in Boston. "But it's almost being like in the eye of the hurricane. Swirling all around us we have the housing bubble, oil prices, terror threats, trade deficits, competition from China -- what's going to hit first?"
Oil seems like a likely candidate. With FedEx Corp. already blaming rising oil prices for disappointing earnings, Wall Street will be looking carefully at other companies for similar oil-related problems. Transportation and airline stocks are already expected to be hit hard, but if other industrial earnings are affected, expect the markets to come out of earnings season on a down note.
Last week, Wall Street recovered from rising oil prices and the London terror bombings to post gains for the week. The Dow Jones industrial average rose 1.41 percent, the Standard & Poor's 500 index climbed 1.46 percent, and the Nasdaq composite index soared 2.7 percent.
ECONOMIC DATA
In addition to earnings, the week ahead also brings a great deal of economic data that could help chart Wall Street's course over the next month. On Wednesday, the Commerce Department reports on the nation's trade deficit. Economists expect the deficit to come in at $57 billion for May, the same as in April.
On Thursday, the Labor Department issues its Consumer Price Index, a key measure of inflation in retail prices. The index is expected to rise 0.3 percent in June, compared to a 0.1 percent dip in May. "Core" CPI, with volatile food and fuel costs removed, is expected to climb 0.2 percent, slightly more than the 0.1 percent rise in May.
The Labor Department's Producer Price Index, a measure of wholesale prices, follows on Friday. June's rise in oil prices is expected to push the PPI up 0.4 percent, compared to a 0.6 percent loss in May. But core PPI is expected to rise just 0.1 percent, the same as in May.
Finally, the University of Michigan's consumer sentiment index is expected after the opening of Friday's session. Economists expect the widely watched measure of consumer confidence to come in at 94.5, down from 96.0 in June.
EARNINGS
One of the most anticipated earnings reports this week comes Friday from General Electric Co. With divisions in manufacturing, media, healthcare and finance, GE is often seen as a barometer for the market as a whole. GE is expected to earn 44 cents per share, up from 38 cents per share in the second quarter a year ago. While the stock has been off a few dollars over the past month, it remains 11.4 percent above its 52-week low of $31.42 on Aug. 5, 2004, closing Friday at $34.99.
On Wednesday, technology sector favorite Apple Computer Inc. is scheduled to release its earnings after the session. The maker of the popular iPod music player has seen its share price surge 167 percent from its split-adjusted 52-week low of $14.37 on July 14, 2004, closing Friday at $38.25. Apple is expected to earn 31 cents per share, up sharply from 9 cents per share a year ago.
Among the drugmakers reporting in the week ahead, Genentech Inc.'s successful drug launches and clinical trials over the past year have given the stock a strong boost -- up 103 percent from its 52-week low of $41 on Oct. 27, 2004. The pharmaceutical company is expected to earn 26 cents per share, up from 19 cents per share last year, when it reports after Monday's session. The stock closed Friday at $83.17.
- Joined
- 21 April 2005
- Posts
- 224
- Reactions
- 0
Re: Wall Street Eager for Earnings Season
Excalibur, thanks for that. A great read. I'd read something similar in some of the Aussie newspapers but nothing to that extent. Thanks!
Excalibur, thanks for that. A great read. I'd read something similar in some of the Aussie newspapers but nothing to that extent. Thanks!
Re: Wall Street Eager for Earnings Season
My pleasure ob1.
I`m not amazed to hear that such information is not to be found in the papers. It is not seldom that some countries do not publicise or do publicise certain information. Either it is not that important or it should not be very important. The reasons are only to be found behind the curtains: politics.
How often have I seen breaking news in CNN that were not even mentioned of in italian, english or german television.
ob1kenobi said:
My pleasure ob1.
I`m not amazed to hear that such information is not to be found in the papers. It is not seldom that some countries do not publicise or do publicise certain information. Either it is not that important or it should not be very important. The reasons are only to be found behind the curtains: politics.
How often have I seen breaking news in CNN that were not even mentioned of in italian, english or german television.
- Joined
- 21 December 2004
- Posts
- 674
- Reactions
- 1
For those interested, it seems like the Australian S&P200 or XJO or SPI are now back in step with the American Dow Jones. We seem to have gone back into sync with them since March, when their interest raising exercises started impacting their markets. Ours mirrored theirs in the last interest rate rise in March. Off course the US has continued on and still has maybe one more rise. Whether we follow or not is conjecture, but check out the 10 year T bills.
Sorry, just my ramblings again.
Sorry, just my ramblings again.
