USA eelturul on suurema tähelepanu all Time Warner ja Unilever. Negatiivset fooni loob juuni kestvuskaupade tellimuste number ning futuurid viitavad miinuses avanemisele.
Time Warner (TWX) avaldas teise kvartali majandustulemused, mis olid analüütikute ootustega vastavuses. Hea kasumi tagas Harry Potteri kolmanda osa menu kinodes.
Toiduainetetootja Unilever (UL) aktsia kukkus Amsterdamis üle 4%. Firma käive on olnud oodatust tunduvalt tagasihoidlikum.
Venemaal on endiselt löögi all Yukose aktsia, firma võib maksuvaidluse tõttu oma naftatootmise peatada. Vägivallalaine Iraagis ning Yukose segadus on nafta hinna kergitanud üle 42 dollari barreli eest.
Rev Shark:
Yesterday, for the first time in over a month, the indices rallied sharply on increased volume and strong breadth. That is the way meaningful rallies almost always start but we aren't out of the woods yet.
A little prayer at this point certainly couldn't hurt the bulls but what they really need is to produce some solid follow-through. A one-day rally alleviates some of the awful negativity that the market was feeling but it doesn't do anything to change the prevailing trend. In fact a bounce like we saw yesterday often sets up attractive selling and shorting situations.
Until the bulls are able to do something further the benefit of the doubt continues to lie with the bears. After seeing the market slide so hard for so long our natural inclination is to rush in and embrace the first signs of change but the market is notorious for trapping over-anxious bulls. Early buyers often turn out to be fuel for another downleg when the market turns and they quickly exit their recent buys.
The market game is all about playing the odds and for now the odds are that the downtrend has not ended. If we see some further technical improvement in the days ahead that will change but we have to be extremely careful about assuming that solid follow-through is inevitable.
The early action is indicating a negative open for the market. Overseas markets were higher in sympathy with the strong move in the U.S. yesterday. Oil is back over the $42 price point and gold continues its recent struggles.
We have durable goods numbers coming up at 8:30 a.m. ET. This number has disappointed the last two times and is sure to generate a reaction from the market once again.
Proceed with caution. The rally yesterday was a pleasant changes for the bulls but in the bigger scheme of things it is fairly meaningless. Keep your fingers crossed and say your prayers but above all else keep those stops tight.
Gary B. Smith: