Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (27209)	6/25/1999 4:54:00 AM
From: IQBAL LATIF	Respond to of 50167

When manufacturing was going down the story was that we are entering into an ice age of deflation, now that factory orders have started picking up market wants the three rate cuts reversed, with much lower companies in second quarter pre-announcing results 170 so far according to CNBC we will be well short of 473 last year second quarter delinquent companies failing to meet expectations that would translate into a lot positive earning surprises, so if we hold today 1318 test and reverse upto 1335 area or break out 2206 or 465 on SOX we will in my opinion see that this correction is over and we may proceed higher if we break 1318 we go and test 1292 and even lower.. Factories Pick Up Steam: May Durables Rose 1.4% Date: 6/25/99 A rebound in aircraft and autos lifted orders for big- ticket items last month after a 2.3% drop in April. Excluding transportation, orders fell 0.9% following April's 0.7% gain. But the trends remain positive: Orders rose 7.5% from a year earlier. Capital goods orders also are picking up. The results were largely as expected. But manufacturing's recovery reinforces expectations for a Federal Reserve rate hike on June 30.