NEW YORK (Reuters) - Major stock indexes bounced back on Tuesday, but trading was light with the outlook clouded by doubts before yet another summit to tackle the European debt crisis.
U.S. stocks partly recovered from losses of more than 1 percent on Monday, led by housing shares after stronger-than-expected data on home prices.
The consumer discretionary sector was the top gainer on the S&P 500, followed by energy shares, which were boosted by a 2.3 percent jump in Brent crude prices.
Traders remained cautious as Spanish short-term borrowing costs nearly tripled and U.S. consumer confidence fell in June to its lowest level in five months.
"Certainly in the United States stocks are nicely priced, and for a long-term investor it is an attractive entry point, but then what about these macro risks hovering around the market? I think it's having a dampening effect," said John De Clue, global market strategist at U.S. Bank's wealth management group in Minneapolis.
Spanish 10-year bond yields rose after demand at a shorter-term bill sale fell despite significantly higher yields. Hopes faded that the European ｕｎｉｏｎ summit later this week would produce game-changing measures to ease the debt crisis.
Madrid has formally asked for funds to bail out its banks in a move some see as a prelude for a full-blown bailout of the euro zone's fourth-largest economy.
Rupert Murdoch's News Corp (NWSA) said it was considering splitting into two publicly traded companies, and sources familiar with the matter said publishing would be separated from entertainment. Shares jumped 8.3 percent to $21.76 on volume of 73.1 million shares, making it the day's most actively traded stock on the Nasdaq.
The Dow Jones industrial average (^DJI) rose 32.01 points, or 0.26 percent, to 12,534.67. The S&P 500 Index (^GSPC) gained 6.27 points, or 0.48 percent, to 1,319.99. The Nasdaq Composite Index (^IXIC) gained 17.90 points, or 0.63 percent, to 2,854.06.
About 5.9 billion shares changed hands on the New York Stock Exchange, the Nasdaq and NYSE Amex, below the daily average of 6.82 billion so far this year.
JPMorgan Chase & Co (JPM) shares rose 1.1 percent to $35.71 after Goldman Sachs added the bank to its conviction buy list. Morgan Stanley (MS), cut to "neutral" by Goldman, added 0.2 percent to $13.51.
The PHLX housing index (^HGX) jumped 2.6 percent after S&P/Case Shiller data showed home prices in 20 U.S. metropolitan areas gained 0.7 percent on a seasonally adjusted basis, topping economists' expectations for a 0.4 percent gain.
Facebook (FB.O) shares rose 3.2 percent to $33.10 a day before the underwriters of the online social network's recent IPO are expected to release research on the company.
Advancing issues beat decliners on the New York Stock exchange by about 9 to 5 while on the Nasdaq almost seven issues rose for every five that fell.
(Reporting by Rodrigo Campos; Editing by Kenneth Barry)
By Rodrigo Campos
NEW YORK (Reuters) - Major stock indexes bounced back on Tuesday, but trading was light with the outlook clouded by doubts before yet another summit to tackle the European debt crisis.
U.S. stocks partly recovered from losses of more than 1 percent on Monday, led by housing shares after stronger-than-expected data on home prices.
The consumer discretionary sector was the top gainer on the S&P 500, followed by energy shares, which were boosted by a 2.3 percent jump in Brent crude prices.
Traders remained cautious as Spanish short-term borrowing costs nearly tripled and U.S. consumer confidence fell in June to its lowest level in five months.
"Certainly in the United States stocks are nicely priced, and for a long-term investor it is an attractive entry point, but then what about these macro risks hovering around the market? I think it's having a dampening effect," said John De Clue, global market strategist at U.S. Bank's wealth management group in Minneapolis.
Spanish 10-year bond yields rose after demand at a shorter-term bill sale fell despite significantly higher yields. Hopes faded that the European ｕｎｉｏｎ summit later this week would produce game-changing measures to ease the debt crisis.
Madrid has formally asked for funds to bail out its banks in a move some see as a prelude for a full-blown bailout of the euro zone's fourth-largest economy.
Rupert Murdoch's News Corp (NWSA) said it was considering splitting into two publicly traded companies, and sources familiar with the matter said publishing would be separated from entertainment. Shares jumped 8.3 percent to $21.76 on volume of 73.1 million shares, making it the day's most actively traded stock on the Nasdaq.
The Dow Jones industrial average (^DJI) rose 32.01 points, or 0.26 percent, to 12,534.67. The S&P 500 Index (^GSPC) gained 6.27 points, or 0.48 percent, to 1,319.99. The Nasdaq Composite Index (^IXIC) gained 17.90 points, or 0.63 percent, to 2,854.06.
About 5.9 billion shares changed hands on the New York Stock Exchange, the Nasdaq and NYSE Amex, below the daily average of 6.82 billion so far this year.
JPMorgan Chase & Co (JPM) shares rose 1.1 percent to $35.71 after Goldman Sachs added the bank to its conviction buy list. Morgan Stanley (MS), cut to "neutral" by Goldman, added 0.2 percent to $13.51.
The PHLX housing index (^HGX) jumped 2.6 percent after S&P/Case Shiller data showed home prices in 20 U.S. metropolitan areas gained 0.7 percent on a seasonally adjusted basis, topping economists' expectations for a 0.4 percent gain.
Facebook (FB.O) shares rose 3.2 percent to $33.10 a day before the underwriters of the online social network's recent IPO are expected to release research on the company.
Advancing issues beat decliners on the New York Stock exchange by about 9 to 5 while on the Nasdaq almost seven issues rose for every five that fell.
(Reporting by Rodrigo Campos; Editing by Kenneth Barry)
http://finance.yahoo.com/news/stock-index-futures-signal-halt-073500357.html
保歷加通道 (Bollinger Band)
保歷加通道：保歷加通道是由 John Bollinger 所研發，而通道是由3條線所組成：
參數設定：1) 上線 - 中線加 2標準差 (standard deviation)
2) 中線 - 20天移動平均線 (收市價)
3) 下線 - 中線減 2標準差 (standard deviation)
保歷加通道一般用20天移動平均線和 2標準差來計算，但亦可以跟據個別情況來改變這兩組參數，目的是要：
2.1) 大約有 85% 價位在通道之内。 (應為約有95%)
2.2) 當價位急升或急跌穿通道後，下一個高位或低位返回通道之内並越近通道頂底越好。
(圖一，圖二)
用途：3.1) 股價大部份時間會在上中下線穿梭，上線為阻力，下線為支持，如果配合其它技術指標，
好處：可以建立交易系統。(圖三)
3.2) 當通道寬度收窄了一段時間後 (價位處於低波幅期)，一個強勁單邊市會出現，通道寬度會
擴濶，價位波幅也會增大並且會穿越通道頂/底，當價位返回通道之前或通道寬度收窄之前，
買賣只可以跟隨趨勢。(圖四)
3.3) 當價位突破通道上下線後並返回通道之内，而下一個高/低位不再衝破通道上/下線，通道
寬度又開始收窄，價位便會重返低波幅時期，趨勢甚至有機會逆轉。(圖五)
1) 幫助辨認低波幅期或高波幅期。
不足之處：1) 不會知道單邊市方向，需要配合其它技術指標來運用。
Metastock 移動平均線交易系統：程式擧例：
發出訊號條件：當通道寬度大過前三日寬度20% 並且收市價位高過上線
http://www.hkstockradar.com/theorybb.htm