stock market analysis news today April 19 2011

stock market analysis news today April 19 2011 : U.S. stocks suffered a rout after Standard & Poor's cut its outlook on the U.S. government debt, warning that the U.S. fiscal profile may become meaningfully weaker than that of other triple-A-rated countries if policy makers can't tame the budget deficit. The Dow Jones Industrial Average fell 140.24 points, or 1.14%, to 12201.59, led lower by Bank of America and Caterpillar, which each fell 3.1%.

Sienna Gold Inc. Intersects 41.3 Meters of 1.231 g/ton Gold and 16.9 g/ton Silver
Sienna Gold Inc. ("Sienna" or the "Company") (TSX VENTURE:SGP) (BVLAC:SGP) is pleased to announce the results of the latest hole in its current drill program at the Igor project in Peru. Hole CA-10-6 was drilled to a depth 776.0 meters and intersected eleven mineralized structures, the best of which returned 41.3 meters with an average grade 1.231 grams per tonne (g/t) gold and 16.9 g/t silver and included 11.3 meters with an average grade of 3.863 g/t gold and 45.5 g/t silver. All the structures were heavily oxidized and the entire hole returned moderate to strongly anomalous values in both gold and silver. The results from this campaign confirm the presence of a north-south trending mineralized structure at Callanquitas. Drilling is still underway to extend and confirm the continuity of this mineralization in all directions. Read More...

Global Markets Overview 04/19/2011
The Standard & Poor's 500-stock index dropped 1.1% to 1305.14, with energy and industrials stocks taking the hardest hit. At session lows, both measures staged their biggest drop in a month. The Nasdaq Composite fell 1.1% to 2735.38. The ratings firm cut its outlook on U.S. government debt to negative from stable, to account for budget deficits and rising government indebtedness. Read More...

Potential Head And Shoulders Setup In Regional Bank ETF (RKH, IHI, SPY, DIA)
he stock market sold off sharply on Monday but closed well off the lows. All of the major indices traded down by as much as 2.3% during the session. The plunge was led by small and mid cap stocks. The small-cap Russell 2000 and the S&P MidCap 400 dropped by 1.8% and 1.6% respectively. The Nasdaq, S&P 500 (NYSE:SPY) and Dow Jones Industrial Average (NYSE:DIA) all shed 1.1% on the day. Yesterday’s price action left both the Nasdaq and the S&P 500 below critical support of the 50-day MA. Read More...

Market report: Egypt's volatile stock market turns green
Egypt's benchmark stock index rose by over 2.52 per cent on Tuesday, increasing for the first time this trading week , Egypt's benchmark EGX30 closed 2.52 per cent higher to reach 5,080.95 points, compared to yesterday's 4,956, "We can't consider today's market status as a real improvement. It's the Bourse's usual ups and downs," said Walaa Hazem, asset manager at HC Securities. "These days the market is so volatile and traders are being highly sensitive to the daily political developments taking place in the country which is no good sign." Read More...
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