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Author Topic: Market Commentary - Jan 25, 2011  (Read 799 times)
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Capitalist Pig
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« on: 2011 Jan 25, 10:30:03 pm »

Earnings today were mostly as expected. The main market mover was the news from the Case-Shiller index. The Case-Shiller index was formed by two guys, Case and Shiller, to track housing prices nationwide by compiling an index from 20 major metropolitan cities. These data take some time to compile, so the report is always a couple months after the fact. The report released today showed about a 1% decline in price from October to November of 2010. Additionally, markets were pretty quiet in anticipation of Obama's speech tonight.

So let's look at today's numbers:

US Dollar ETFGoldSilverDow 30S&P 500
22.42+0.07%  1301.00-0.20%  26.73-0.45%  11,977.19-0.03%  1,291.18+0.03% 

As you can see, there wasn't a whole lot going on. The Dow traded in negative territory most of the day, but then rose at the end of trading to close pretty much flat.

Tomorrow we will get some more housing news as well as the latest decisions from the Fed. I think the general sentiment is expecting no change in policy from the Fed.

Happy trading!

Neal McSpadden
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Capitalist Pig
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« Reply #1 on: 2011 Jan 25, 10:42:00 pm »

I expected more than 1% decline in housing from October to November. It will be interesting what tomorrow's news says.

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