Saturday, September 17, 2011

stock market predictions weekly september 19 2011

stock market predictions weekly september 19 2011 : The stock market finished its second-best week in a year Friday as Europe's debt problems appeared to get closer to a resolution.

Stocks ended higher for a fifth straight day, the longest winning streak in 2 1/2 months. The Dow Jones industrial average rose 75 points after Treasury Secretary Timothy Geithner called on European finance ministers at a meeting in Poland to reach a solution on Greece's debt problems.

The Dow Jones industrial average rose 75.91 points, or 0.7 percent, on Friday to close at 11,509.09. The Dow jumped 186 points Thursday, its biggest gain of the week, after five central banks said they would act together to support European lenders with unlimited dollar loans.

The Standard & Poor's 500 finished the week with a 5.4 percent gain. It was the biggest increase for the broad market index since the first week of July. The S&P index gained 6.90, or 0.6 percent, to 1,216.01. The Nasdaq added 15.24, or 0.6 percent to 2,622.31. US Dollar Traders Ready for the Impact of More Fed Stimulus
Whether it come in the form of an outright increase in asset purchases (QE3) or a shift in the composition of its current balance sheet, the Federal Open Market Committee’s (or FOMC) policy meeting this week is expected to hold the reins for direction and volatility for the US dollar and broader market sentiment going forward. read more..

top commodities - gold silver price forecast week september 19 2011
On the week, December gold futures prices on the Comex division of the New York Mercantile Exchange settled at $1,814.70 an ounce down 2.4% on the week. December silver settled at $40.831 an ounce, down 1.9% on the week. read more.. Stock market prediction for Sept 19-23, 2011
Weekly planetary position: During the week, Moon will be transiting in Taurus, Gemini & Cancer. Sun, Saturn & Venus in Gemini. Mercury in Leo. Ketu in Taurus. Mars in Cancer. Jupiter in Aries. Rahu in Scorpio. Pluto in Sagittarius. Neptune in Aquarius. read more..

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