Searching with Google.(Nasdaq:GOOG)

Google is an advertising company and 97 percent of its revenue comes from advertising on its various properties, including YouTube, plus partner sites through its AdSense product. Sure, Google has Android and Chrome OS and everything else, but it doesn’t make money from them — they’re just there to get people to watch more ads.
Google Inc., a technology company, maintains index of Web sites and other online content for users, advertisers, Google network members, and other content providers. It helps users to obtain instant access to relevant information from its online index.
Its products and services include Google.com for search and personalization, which provides Google Web Search, Google Images, Google Books, Google Scholar, Google Finance, Google News, Google Videos, Google Blog Search, iGoogle and Personalized Search, Google Product Search, Google Merchant Center, Google Custom Search, Google Trends, Google Music Search, and Google Webmaster Tools. The company’s products also comprise Google Docs, Google Calendar, Gmail, Google Groups, Google Reader, orkut, Blogger, Google Sites, and YouTube. In addition, it offers Google Toolbar, Google Chrome, Google Chrome OS, Google Pack, Picasa, and Google Desktop; and Google GEO product line comprising Google Local Search, Google Maps, Panoramio, Google Earth, Google SketchUp, Google 3D Warehouse, and Google Building Maker. Further, the company provides Android, a mobile software platform; Google Mobile, which are mobile-specific features; Google Checkout, an online shopping service; and Google Labs, a test bed for engineers and users. Additionally, it offers Google AdWords, an auction-based advertising program; Google AdSense program for content owners; and Display advertising for advertising services. The company also offers Google Enterprise product line comprising Google Apps that provides hosted communication and collaboration tools; Google Search Appliance; Google Site Search; Google Commerce Search; Google Maps API Premier for interactive Google maps; and Google Earth Enterprise to visualize data in a geographic context.
Google Inc. was formerly known as Google Technology Inc. Google Inc. was founded in 1998 and is headquartered in Mountain View, California.
For much of its 10-year history, Google spent money at a pace that was the marvel of Silicon Valley. It hired by the thousands and dished out generous perks, including three free meals a day, free doctors, ski trips and laundry facilities, and subsidized personal trainers. It let engineers spend 20% of their time pursuing pet projects. The company's goal was to develop new products that would reduce its nearly total reliance on selling ads connected to Internet searches.
Financial Report
Last Friday,Google reported gross revenue of $8.44 billion, up 15.8% sequentially and 26.5% year over year.Revenue growth may be attributed to a shift in advertising spending from offline to online properties, increasing contribution from medium and small-sized advertisers, success of the DoubleClick ad exchange, improving search algorithms and better ad quality. Google also stated that display, YouTube and mobile were the growth discoveries for 2010 and each represented significant growth potential for the company.
Google has a solid balance sheet, with cash and short-term investments of $35.0 billion, up $10.5 billion during the quarter. The company generated around $3.5 billion from operations in the last quarter and spent $2.5 billion on capex, netting a free cash flow of $981 million. Google has no debt.
Google Inc.(GOOG) financial year end is 31 December yearly.
Market capitalisation is 195.22Billion
P/E ration:23.19 & EPS:26.31.
The stock price is currently holding strongly above the bull pivot support.Last January's pullback with a long upper shadow candlestick has set the range for level play this month.
The current target:-will be rangebound till the next quarterly report.Aggressive buy if there's a pullback to December's candle half body.

Tracking the Dow on Friday,Index/options expiry day.
9:30am:--A bullish 40 points gap-up opener.Stronger earnings from General Electric Co. and Google, Inc., which overshadowed a disappointing report from Bank of America.

10:30am:--A shooting star at session peak followed by bearish pullback.Google shares reversed gains.

11:30am:--Bearish engulfing,further pullback to bear pivot support.

12:30noon:--A bullish retracement to bull pivot resistance.Bears are checking the advance.

1:30pm:--Another attempted rebound to the bull pivot resistance.

2:30pm:--Holding at the bullish pivot support.

3:30pm:--Hangman and hammer.

4:00pm:--Bullish harami.

A round of largely encouraging earnings reports late Thursday and early Friday boosted market sentiment.

The overall 3rd week candlestick is bullish with a range of about 100 points.It is a spinning candlestick.

Some tech sectors are overbought so there are bound to be corrections despite the good profit reports.

Worries about the robust China's economy and a possible rates hike is overhangging the markets again.Hope that this will be a temporary phenomena.

Laos turn capitalist.

On Tuesday January 11,2011 Landlocked communist Laos launced its stock exchange and has taken a step forward to join the capitalist world.This will further spur development in its economy which otherwise being agrobased.This is also a boost to local firms to have access to vital capital for expansion.

Only two stocks are initially listed: EDL-Generation Public Company -- which was spun off in December from state-owned Electricite du Laos to handle power generation -- and state-run Banque Pour Le Commerce Exterieur Lao.

Laos, with about six million people, is one of Asia's poorest nations but has been growing at about seven percent annually in recent years, the government says.

Donors and non-governmental organisations have cautioned Laos over its growth strategy, which features large-scale foreign investment in resource sectors that potentially could have negative effects on socio-economic development.Laos is working towards membership of the World Trade Organisation.
The Dow Friday,14/01/11 is 5 market days to index/options expiry.
9:30am:--A bearish 20.0 point gap down.
Awaiting Intel and JP Morgan quarterly report.Consumer price index and retail sales rising in December.

10:30am:--Opening gap being filled.Bullish engulfing near session high.

11:30am:--Bullish session high again.Stronger than expected earnings from J.P. Morgan Chase & Co. helping the ascend.

12:30noon:--Consolidation time.Inverted bulls at session new high.

1:30pm:--Bulls are having a field day.The expectations for strong corporate earnings have lifted equities in recent weeks and spilled over today.

2:30pm:--Shooting star.JPMorgan report has offset the weaker Intel.Bank stocks are meanwhile bullish.

3:30pm:--Bearish engulfing.Profit-taking.

4:00pm:--A bullish hammer.

A bullish week with a 30 months high for the Dow.Thursday and Friday's candlestick have a lower shadow showing attempt to clean up the bulls on Wednesday.Both pair have now been seen as bullish hammer.

So the earnings season will definitely be good and expected.Somehow or rather,the investors will find a reason to sell down and lock in profit.Since the index range todate is a mere 218.35 points,the bearish stake is also very high.

There is also a smattering of data, including home sales for December and weekly jobless claims.

Meanwhile,the latest round of China's central increase in reserve requirements might give market a jolt.

A lucrative business of clearinghouse.

A clearing house is a financial institution that provides clearing and settlement services for finanncial and commodities derivatives and securities transactions.
A clearing house reduces the settlement risks by netting offsetting transactions between multiple counterparties, by requiring collateral deposits (a.k.a. margin deposits), by providing independent valuation of trades and collateral, by monitoring the credit worthiness of the clearing firms, and in many cases, by providing a guarantee fund that can be used to cover losses that exceed a defaulting clearing firm's collateral on deposit.
According to the Bank for International Settlements,hedge funds and speculators in interst rates swap alone accounted for nearly USD348trillion of the overall market.In fact large Wall Street banks dominated the playing fields and are among Nasdaq's biggest customer.Banks like JP Morgan and Goldman Sachs are surely the main benefacto.
Nasdaq, consumer advocates, and unions say the banks' dominance of both trading and clearing derivatives has driven up costs for companies that need to hedge the risk of changes in commodity prices or interest rates.
The Dow is 10 market days to index/options futures expiry.












9:30am:--A mild bullish open followed by a graveyard doji.A mixed US payrolls report.
10:30am:--Attempted rebound to near high but failed.Bearish engulfing.
11:30am:--Bearish hammer.Banks shares were down after a court ruling voided foreclosures on two homes.
12:30noon:--It's now the morning session low.Three black crows.
1:30pm:--A technical rebound to bear pivot resistance.The highest court in Massachusetts reportedly ruled that two foreclosures were invalid because banks didn’t show they owned the mortgages.
2:30pm:--Holding near the MAV resistance line.Bullish inverted sign.Persistent concerns about the debt of Portugal and Spainpressured the euro against the dollar.
3:30pm:--Bullish engulfing the the MAV resistance line.Crude oil slips below USD88.00
4:00pm:--A graveyad doji at the close.Possible follow through weakness.
Friday's candlestick has a long lower shadow and there are chances for it to be covered again.After starting with a bullish week,the opening candle has no lower shadow and a possible attempt to find one is on the card.
Stocks declined as investors digested a mixed employment report and turned their attention to next week's earnings season.
Not long after the jobs data was released, Fed Chairman Ben Bernanke told the Senate Banking Committee the economy may be finally hitting its stride, but that it will take time for employment to return to normal levels.
Alcoa(release report on Monday).In other positive news for stocks, investors moved $9.27 billion into equity funds in the week ended Jan. 5, the biggest inflow since June, while $9.6 billion exited money market funds, according to Lipper Analytical Services, a division of Thomson Reuters.