NASDAQ Stock Market

MARKET INDICES

NASDAQ Volume: 2,039,072,504 Today's Market Internals

NASDAQ1807.72-0.34 0.02%

NASDAQ 1001453.80-2.09 0.14%

NASDAQ 100 PMI1457.201.31 0.09%

NASDAQ 100 AHI1455.421.62 0.11%

DJIA8555.6058.42 0.69%

S&P 500918.377.66 0.84%

Russell 2000509.482.45 0.48%

More Indices...Market|Sector|Global

The stock market slipped in the first few minutes of trading, but was able to recover and log its best single-session advance by percent in two weeks. The advance was broad-based as six of the 10 major sectors in the S&P 500 posted a gain.

There wasn't any individual leader behind the move. Instead, health care (+2.2%), financials (+2.5%), utilities (+2.3%), and consumer staples stocks (+1.9%) all made impressive gains.

Health care stocks outperformed the broader market for the third straight session. The latest advance came via support from managed care (+6.2%) and healthcare facilities (+3.9%) amid an increased possibility that healthcare reform is going to be costlier and less expansive than expected.

The financial sector was helped by regional banks (+3.2%), which snapped back from the prior session's marked decline, and consumer finance stocks (+1.0%), which followed the lead of Discover Financial (DFS 9.28, +0.37). Discover issued a pleasing quarterly report and had a relatively encouraging conference call, during which the company stated it will repay its TARP funds when it is prudent to do so.

Amid ongoing chatter regarding its intended offer for NRG Energy (NRG 23.81, +1.06) and recent efforts to restructure its executive lineup and reduce costs, Exelon (EXC 50.42, +1.99) was a leader among utilities.

Consumer staples stocks were led by J.M. Smucker (SJM 47.88, +4.24), which posted better-than-expected quarterly earnings and raised its guidance.

Retailers traded with weakness for the entire session and finished 1.3% lower. Semiconductor stocks also lagged, leading the Semiconductor Index to a 1.8% loss. Weakness among semiconductors weighed on tech stocks (-0.5%) and caused the Nasdaq to underperform the other headline indices.

Trading volume in the broader market was exceptionally low this session. Hardly 1 billion shares exchanged hands on the NYSE this session. Trading volume has averaged 1.5 billion shares during the course of the last 50 sessions.

Nonetheless, this session's solid, broad-based gains came on the back of the latest jobless claims report, which indicated that 608,000 initial claims were filed for the week ending June 13. Continuing claims came in at 6.69 million. Initial claims were in-line with expectations and continue to trend lower, but continuing claims made a surprise pullback from record highs. However, both numbers remain at disconcerting levels.

In other economic news, the Philadelphia Fed Index for June came in with a less dismal-than-expected reading and leading economic indicators for May increased slightly more than expected.

Treasuries were knocked sharply lower after the Treasury Department announced a series of auctions for next week. The auction will carry amounts that exceed what was expected, which pressured the benchmark 10-year Note and sent its yield up above 3.8%.

Treasury Secretary Geithner provided testimony to Congress about financial regulatory reform. His comments didn't have any meaningful impact on trading.

Composite Index:Technical Analysis

As indicated by A, the KLCI fall below the 14 and 21-day EMA, while still holding above the 31-day EMA. This suggests that the KLCI is having its technical correction.
With the KLCI remains below the Bollinger Middle Band, the immediate outlook is now negative biased. Currently, the Bollinger Bands Width is no longer contracting. If the Bollinger Bands Width should expand with the KLCI below the Bollinger Middle Band, more downside risk is expected for the KLCI. Nevertheless, the important support level for the KLCI is at 1000 point while the immediate resistance is at the Bollinger Middle Band.

As indicated by B, total market volume increased 27.5%, but still below the 40-day VMA level. Despite the increased of volume on Thursday, the KLCI ended lower. Therefore, the increased of volume actually implied an increased of selling pressure. If the KLCI should continue to fall with high volume, it would further dampen the market sentiment.

As circled at C, the Stochastic breaks below 30%, entering the short term bearish region. Provided that the Stochastic is still below 30%, the market movement for the short term is expected to be bearish biased, all until the Stochastic should break above 30% level.

On Thursday, the KLCI had its sharpest correction since the uptrend in March, 2009, with 723 counters ended lower, the most losers since 10th of March, 2008. Nevertheless, with the Stochastic getting near 0%, the KLCI is likely to be over-sold, and a technical rebound is likely. In order for the KLCI to resume its uptrend, it must break above the Bollinger Middle Band and volume has to return to above the 40-day VMA level, or else, the bearish biased movement for the KLCI is expected to continue.

Do your blog with RSS : feel it great dude…

RSS is a method of distributing links to content in your web site that you’d like others to use. In other words, it’s a mechanism to “syndicate” your content. RSS is unlikely to make you rich. However, it can be an easy way to draw attention to your material, bringing you some traffic and perhaps a little net fame, depending on how good your information is.

What Is RSS?
How does RSS syndication work? Say you publish a new web page about a particular topic. You want others interested in that topic to know about it. By listing the page as an “item” in your RSS file, you can have the page appear in front of those who read information using RSS readers or “news aggregators” (more explain here :RSS: Your Gateway To News & Blog Content). RSS also allows people to easily add links to your content within their own web pages. Bloggers are a huge core audience that especially does this.

What does RSS stand for? There’s a can of worms. RSS as introduced by Netscape in 1999 then later abandoned in 2001 stood for “Rich Site Summary.” Another version of RSS pioneered by UserLand Software stands for “Really Simple Syndication.” In yet another version, RSS stands for “RDF Site Summary.”

History buffs might be interested that there’s been some rivalry over who invented RSS. This is why we have both different names and indeed different “flavors” or versions of RSS. Mark Pilgrim’s written an excellent article, What Is RSS, that charts the different versions with recommendations on which to use. I’ll also revisit the version choice you’ll need to make. But first, let’s look more closely at some basics of what goes into any RSS file.

RSS is easy to develop?

the RSS 2.0 specification has an “cloud” element that’s optional but which a lay person might still wonder if they should use it. Meanwhile, heaven help the person who stumbles into the RSS 1.0 specification and its complicated RDF syntax.

Sure, making an RSS file IS easy for many. If you understand HTML, you’ll probably understand enough to do a cut-and-paste from someone else’s RSS file to make your own file. Don’t know HTML? Start a blog, because several blogging tools automatically generates RSS files.

As for those non-technical people using WYSIWYG page building tools or personal home page building systems, have faith. Even you can build an RSS file from scratch, as long as you dispense with some of the extra features you probably don’t need. We’ll go through how to do this below.

Write reviews online to earn money

Wrote by Alvin Lim

The other day, I’ve talked about earning money in myLot by posting up discussion topics. I’ve earned USD $ 0.40 on my second day there. Not much actually. That’s why I’ve decided to look on other alternatives while keeping the myLot as “de-stress” place.

I’ve registered in some of the review sites which pay people for posting up product reviews. I’ve tried Epinions (very very very slow earning rate), SharedReviews (very slow as well), DooYoo (only available for UK and Europe residents) and Ciao (available to UK residents). All those, I must admit, are not that easy to earn money.

Then I came across ReviewStream. Unlike the rest of the review sites, this site lets you write ANY product reviews. You can write in a simple form since there’s no minimum or maximum length. You can also write on any product since the title of the review is up to you to put. The company requires you to have a PayPal account though. The rate is around USD $ 2 per review and if your review is so-so or there’s already another such product review, you might be paid BULK RATE instead. Bulk rate is the current review rate divided by 5. So the current rate is USD $ 2, the bulk rate would be USD $ 0.40.

I’ve just got the acknowledgements from ReviewStream of my 2 reviews and I’ve earned USD $ 2.40. Not too bad since the reviews are not really lengthy.

But there are some things which you need to pay attention to.

The account which you are going to use is your email address. There’s no user registration. There’s a nickname which will be tied to your email address. That’s all. And also, always ENSURE that your email address in ReviewStream account is connected to your PayPal. Otherwise, you will not get anything. This is very important.
The difference between bulk rate post and full rate post is quite subjective since there’s no proper guideline given by ReviewStream. But I’ve read it from somewhere that the recommended length of the review should be at least 300 words. This is not stated anywhere in ReviewStream though.
You will receive an email right after you posted the review. One review, one email. Always keep the email because that’s the only proof that you’ve got. If you managed to search the site and saw your review, without any acknowledgment from their side. You can use the email to ask them. Once you’ve received the acknowledgment email, you need to wait 72 hours or more for them to confirm that your review has been accepted. They will send you an email with the rate charged and your account’s balance.
Be consistent and be precise. Don’t go out of topic because your review might end up getting rejected by them and you earn 0.
Other than that, I find that ReviewStream is a very good place to earn side income. It’s up to you whether to try it or not. Writing a short review for them doesn’t take that much time as well. And you get to review on ANYTHING. Not that difficult, right?

If you’re interested to join, go here - join ReviewStream. Yea, I do get a little bit of benefits from here. Hope this helps.

Source: novice.alvinlim.info