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Conference calls are often impacted by market trends, geopolitical conditions, news coming from conferences and economic releases.
Stock Market Rally Ahead (By Frank Kollar) Last week the stock market stood at the abyss. The intra-day lows reached on October 10, at 839.80, were all that stood in the way of a second market meltdown. But those levels held and this week the S&P 500 Index (SPX) looks ready to rally. Monday's huge advance on the NYSE was on better than 16 to 1 up vs down volume. Single day volume surge levels of better than 9 to 1 have precluded most bull markets in the past when such an event occurs twice in a short period of time. The first volume surge occurred on October 16, only two weeks ago. The rally also posted a new volume record. The highest NYSE volume in many years. Record gains on record volume. The Federal Reserve has again cut Federal Funds rates, this time to a historically low 1.0%. They say never fight the Fed. More importantly, after 40% stock market losses, the markets have been flooded with cash, rates have been drastically cut and now the indexes are responding in typical bullish pre-rally patterns. You can bet against it, but it would be just that.a bet. How high the rally can go remains the big question and our charts show initial resistance all the way up at SPX 1073, a 12% rise from Thursday's close.
The Investrend Earnings Calendar features Alliant Energy (NYSE: LNT), expected at $1; Barnes Group (NYSE: B), expected at $0.54; Chevron (AMEX: CHV), expected at $3.25; Progress Energy (NYSE: PGN), expected at $1.24.
The Investrend Economics Calendar lists Personal Income & Consumption Spending for September (8:30 a.m.), Employment Cost Index for Q3 (8:30 a.m.), Chicago Purchasing Managers Index for October (9:45 a.m.), Michigan Consumer Sentiment Index for October (10 a.m.).
The Investrend Events Calendar showcases AMRA, ONTY, DEPO, PPHM, CLDN, ISTA at 7th Annual BIO Investor Forum.
The Investrend Money Index is an indicator of the depth of market direction or indirection. While not always including the same stocks, the NYSE/NASDAQ 50 Most Actives indicate the direction in which the mass of money is flowing. Last session's trading showed 38 advancers versus 12 decliners. Advancers were led by Cadence Design Sys (NASDAQ: CDNS) up 22.66%, Las Vegas Sands Corp (NYSE: LVS) up 16.50%, Staples Inc (NASDAQ: SPLS) up 15.56%, Foundry Networks I (NASDAQ: FDRY) up 14.85%, Ishares Tr Ftse Indx (NYSE: FXI) up 14.05%, Petroleo Brasileiro (NYSE: PBR) up 11.61%, Starbucks Cp (NASDAQ: SBUX) up 11.39%, Sun Microsystems Inc (NASDAQ: JAVA) up 9.52%, E M C Cp (NYSE: EMC) up 9.04%, Morgan Stanley (NYSE: MS) up 9.01%, Intel Cp (NASDAQ: INTC) up 8.23%, Chesapeake Energy Cp (NYSE: CHK | Quote | Chart | News | PowerRating) up 6.88%, Brocade Comm Sys New (NASDAQ: BRCD) up 6.80%, Companhia Vale Ads (NYSE: RIO) up 6.76%, Yahoo Inc (NASDAQ: YHOO) up 6.51%, Apple Inc (NASDAQ: AAPL) up 6.21%. Decliners followed Hartford Fin Svc (NYSE: HIG) down 51.56%, Symantec Cp (NASDAQ: SYMC) down 17.65%, Avon Products Inc (NYSE: AVP) down 15.37%, Gen Motors (NYSE: GM) down 10.21%.
Vote in the Investrend Poll Question of the Day at Investrend Information (http://www.investrendinformation.com).
Investrend Website of the Day: http://www.jamesarness.com/
Quote of the Day: "The roaring of the wind is my wife and the stars through the window pane are my children." John Keats
Today is: Halloween, Nevada Day.
Happy Birthday: King Duarte of Portugal, John Keats, Dale Evans, Dan Rather, Michael Landon, Jane Pauley, Fred McGriff.
Today in History: Romulus Aug.us was proclaimed Roman Emperor in 475. Martin Luther posted in 1517 his 95 theses on the door of the Castle Church in Wittenberg. The Maori Wars resumed in 1863 as British forces in New Zealand led by General Duncan Cameron began their Invasion of the Waikato. Nevada was admitted in 1864 as the 36th U.S. state. In an effort to try to restore investor confidence, the New York Stock Exchange unveiled in 1938 a fifteen-point program aimed to upgrade protection for the investing public. After 14 years of work, drilling was completed in 1941 on Mount Rushmore. Indian Prime Minister Indira Gandhi was assassinated by two Sikh security guards in 1984.
[FirstAlert" was created by Gayle Essary, founder of Investrend Communications, Inc., parent of Investrend Information (http://www.investrendinformation.com). The opinions expressed in FirstAlert" do not necessarily reflect the opinions of Investrend.]
FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to feedback@financialwire.net .
Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .
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