31 Dec 2012 AMC

31 Dec 2012

Market Summary 

Defense Contracts
Lockheed Martin Corp., Akron, Ohio, (FA8621-12-R-6256) is being awarded a $253,381,949 firm-fixed-price contract for the Saudi Arabia F-15SA modernization program.  The location of the performance is Akron, Ohio.  Work is expected to be completed by June 2020.  The contracting activity is AFLCMC/WNSK, Wright-Patterson Air Force Base, Ohio. Contract involves foreign military sales to Saudi Arabia 

Market Internals

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Leaders and Laggards

Technical Updates

Briefing's Commentaries 

Stock Market Update 16:10 ET Dow +166.03 at 13104.14, Nasdaq +59.20 at 3019.51, S&P +23.76 at 1426.19 : [BRIEFING.COM] Equities began today's session on a slightly lower note after the weekend failed to advance the budget negotiations. The talks have now entered the 11th hour, and the likelihood of a timely, comprehensive agreement remains distant. However, recent reports out of Washington indicated the two sides have made some progress on revenues, but the debate over spending cuts is scheduled to continue. Equities rallied broadly amid low volume and the S&P 500 finished higher by 1.7%. The materials sector outperformed after the Chinese HSBC Manufacturing PMI report beat expectations. The strong PMI reading was received as a positive sign for the country's economy, which in turn would be a positive for the future demand for basic materials. Technology stocks also outperformed and Apple (AAPL 532.17, +22.58) rose by 4.4%.  .

Commodities

Treasuries

Next Day In View 





Jason's Commentaries


First of all.... I would wish everyone a very happy new year!!! This is gonna be the last DMA for 2012!!! 

 This day was a very important day of the year... the reason being it was the last day before we cross over to the Fiscal Cliff. And guess what? we totally made it!!! which is pretty much expected from those guys from Congress. With the debt ceiling being pushed up to 18 Trillion dollars and higher tax rates for those who earned more than $450k pa, we'll be looking at some gloomy outlook for the US for 2013 to come... stay tune for my next posting to close on 2012. 

31 Dec proved to be a very bullish day with volumes over 700 million shares traded over in NYSE. I believe news has already factored in the rumors on the Fiscal cliff deal. Which pushed most of the stock prices up over 166 points on the Dow. Bulls totally owned the day. However, I was pretty surprised that the Financials were not one of the main leaders for the day. Energy was the biggest leader for 31 Dec, followed by Consumer Disc, Industrials and Materials. On the Technical note, all major indices made a very strong reversal pattern and we will be expected a few more days of UP days to come. 

Nonetheless, we opened the year at 12 221 points and closed at 13104 on the Dow. Quite a good increase in the stock price. Industrials are pushing the highs and Tech are leading the market down. Will be expected 2013 to be rather volatile. 

Will be expected the first trading day of 2013 to be bullish...  

Market Call:UP

Date: 1 Jan 2013