MarketWatch.com - Pre-Market Indications

Thursday, August 19, 2010

The Wall Street Gang

Stock Assault 2.0 - Artificial Intelligence Stock Market Software August 19 2010: The Wall Street Gang

THE WALL STREET GANG, Richard Ney, Praeger Publishers, 1974. GUIDE TO INVESTING IN GOLD AND SILVER by MICHAEL MALONEY (2008)

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The Creature from Jekyll Island

Stock Assault 2.0 - Artificial Intelligence Stock Market Software August 19 2010: The Creature from Jekyll Island The Creature from Jekyll Island: A Second Look at the Federal Reserve

Have I got a book for you! You think you know all about money? Well, so did I - until I started reading The Creature from Jekyll Island; A Second Look at the Federal Reserve, by G. Edward Griffin. Sure, I had a good working knowledge of how our banking system functions and how money is created out of nothing to make loans, but I was blown away by the magnitude of the scam as it has evolved over the years. What a wild ride through history this is as the author reveals where money comes from, where it goes, and who makes it. The money magicians' secrets are unveiled, and you will get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money. A dry and boring subject? Just wait! You'll be hooked in five minutes. Reads like a detective story - which it really is. But it's all true: the cause of wars, boom-bust cycles, inflation, depression, prosperity. Your world view will definitely change.

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Indications: U.S. stock futures lose ground on jobless claims

Stock Assault 2.0 - Artificial Intelligence Stock Market Software Alert Email Print

By Aude Lagorce and Kate Gibson, MarketWatch

NEW YORK (MarketWatch) -- U.S. stock futures mostly erased earlier gains Thursday as an unexpected spike in weekly jobless claims overshadowed Intel Corp.'s $7.7 billion deal for security-software McAfee Inc.

Stock index futures had tallied modest gains before the Labor Department reported that initial claims for unemployment benefits rose 12,000 to 500,000 last week. The third consecutive weekly climb pushed claims to their highest level since late 2009. Read more about jobless-claims data.

"The labor market still remains lame as we move through another jobless recovery," noted Peter Boockvar, equity strategist at Miller Tabak & Co., in a note.

Up 50 points before the report, futures on the Dow Jones Industrial Average were lately off 1 point to 10,351. S&P 500 futures fell fractionally to 1,086.5.

Nasdaq 100 futures retained a small gain, up 3.50 points to 1,840.25.

Helping temper the bearish data was the acquisition of McAfee announced by chip giant Intel, a component of the Dow industrials. Read about Intel's deal for McAfee.

Overseas, Germany's Bundesbank lifted its domestic gross-domestic-product growth forecast for the year and said it saw little chance of a double-dip recession in the U.S.

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GDP will increase by about 3% in 2010, the Bundesbank said in its monthly bulletin. In June, it predicted a 1.9% increase. Read about Germany's economy.

"The major drive this morning is definitely the Bundesbank raising their GDP forecast. It's the kind of news that the market has been looking for, for a long time," said Christian Tegllund Blaabjerg, chief equity strategist at Saxo Bank.

U.S. stocks closed modestly higher Wednesday, helped by optimism in the retail sector after Target Corp. /quotes/comstock/13*!tgt/quotes/nls/tgt (TGT 51.93, -0.02, -0.04%) hinted it could meet Wall Street's expectations for the rest of the year.

Just before the close, General Motors Co. filed for its long-awaited initial public offering. See story on GM's filing

The retail sector will be in the spotlight again Thursday.

Sears Holdings Corp. /quotes/comstock/15*!shld/quotes/nls/shld (SHLD 61.90, -5.35, -7.96%) said its second-quarter loss shrank to 35 cents a share from 79 cents a share in the year-earlier quarter. Its adjusted loss of 19 cents a share was a touch worse than the 17 cents analysts had expected.

Staples Inc. /quotes/comstock/15*!spls/quotes/nls/spls (SPLS 18.99, -0.66, -3.36%) reported earnings of 18 cents a share, but warned a change in tax rate would cut 2010 earnings by around 6 cents a share.

Gap Inc. /quotes/comstock/13*!gps/quotes/nls/gps (GPS 17.72, -0.26, -1.43%) and Foot Locker Inc. /quotes/comstock/13*!fl/quotes/nls/fl (FL 12.90, -0.24, -1.83%) are also due to release results later in the day.

Investors are also awaiting some key earnings reports in the technology sector from Dell Inc. /quotes/comstock/15*!dell/quotes/nls/dell (DELL 12.04, -0.16, -1.27%) and Hewlett-Packard Co. /quotes/comstock/13*!hpq/quotes/nls/hpq (HPQ 40.56, -0.80, -1.93%) .

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NYSE Arca Morning Update - 08:30:00 ET

NYSE Arca Morning Update for Thursday, Aug 19, 2010 :

STOCKS TRADING ON NYSE Arca AT A PRICE 15% OR MORE AWAY FROM
THE PREVIOUS TRADE DAY'S CONSOLIDATED CLOSE PRICE (AS OF 08:30:00 ET)

Stock Wednesday's Close Current Price Pct Change Current NYSE ARCA Vol
MFE $29.94 $47.40 58.3% 600,405


10 MOST ACTIVE STOCKS ON NYSE ARCA AS OF 08:30:00 ET

BASED ON DOLLARS TRADED: | BASED ON SHARES TRADED:
Stock $ Volume Price PctChg | Stock Share Vol Price PctChg
SPY $87,342,969 $109.84 0.1% | SPY 795,522 $109.84 0.1%
MFE $28,198,760 $47.40 58.3% | MFE 600,405 $47.40 58.3%
QQQQ $17,422,246 $45.47 ( 0.1%) | C 530,479 $3.87 0.3%
IWM $14,047,128 $62.91 0.1% | QQQQ 383,320 $45.47 ( 0.1%)
AAPL $6,677,283 $254.31 0.5% | SYMC 360,840 $14.20 12.8%
GLD $6,642,617 $120.39 0.1% | INTC 298,270 $19.25 ( 1.7%)
INTC $5,745,332 $19.25 ( 1.7%) | IWM 223,666 $62.91 0.1%
NTAP $5,211,943 $38.33 ( 2.5%) | STEM 223,647 $1.08 25.6%
SYMC $5,186,360 $14.20 12.8% | NOK 207,506 $9.19 2.5%
POT $3,949,455 $148.32 0.3% | NTAP 136,945 $38.33 ( 2.5%)


Price changes may be affected by symbol splits and dividends.

Consolidated close price is the last print (excluding prints with trade
conditions) prior to 4PM ET.

This information is also updated on our web page every morning at 8:35ET:
http://www.tradearca.com/data/volume/daily_update.asp

This material is for informational purposes only.
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