http://quote.yahoo.com/m2?u

http://money.cnn.com/markets/morning_call/










http://www.kitco.com

Energy futures

Buyers are beginning to tiptoe back into the market but it's all very much softly-softly. All Ords -0.4% and currently testing support. There's only 3 green sectors and they have only minimal gains. Energy is leading, +0.3% and at the other end is Healthcare, -1.3%.

The miners aren't looking too bad: BHP and RIO are hovering around the flat zone and the golds are up around 2%.

In the oils, Woodside looking perky, +1.3% but Santos still marginally red, -0.4%.

Fairly red over in Asia: China's turn to do the dive, -2.5% and Nikkers -1.4%.

BEAR ESCAPES CAGE, ATTACKS

Wild Bear Causes Chaos in Bavaria

Wildlife officials were initially excited about the first brown bear sighting in Germany in 170 years. But after the furry beast began ripping up sheep, smashing into chicken coops and robbing beekeepers of honey, many Bavarians aren't so sure anymore.

"The bear has turned into a problem bear"

"All he's really interested in is honey and sheep."

Spiegel Online

Nikkei daily


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All Ords daily

should go at least to 4800


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MDAX (German Midcaps)

weekly, quite impressive


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daily, quite the haircut, RSI in the low 20s


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Solarworld, the german "wunderstock"

is it any wonder that it bounced where it bounced? 38 fibo at 175 and EMA 200 daily at 170, just a perfect setup.

daily


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weekly


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A down and sideways day like much of Asia. Buyers cautiously returned but there were enough sellers around to suppress the action. All Ords closed -0.4% and Energy remained the leading sector, +0.8%. Healthcare was still starring at the other end, -1.6%.

In the miners, BHP and RIO remained in a broad trading range ending the day -1.4% and -0.8% respectively. The golds staged a mild recovery, all closing up.

The oils did fairly well considering: Woodside closed +1.8%, Santos -0.7% and Caltex +0.5%.

Over in Asia, India is rebounding from yesterday's chaos, +1.8% but there is still a batch of reds, China -3.2% and Nikkers -1.6% among them.

UK/Europe saw a spectacular selloff yesterday but it looks like the bounce is back:







http://quote.yahoo.com/m2?u

DAX weekly

interesting, last week volume was as high as at the ultimate bottom in march 2003. There may come a bigger bounce to the upside, but i think that we havent seen the lows yet, at least the uptrendline should be tested sooner or later.


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Is Shorty writing for Reuters?

Cash becoming king as all else fails

LONDON (Reuters) - It's a problem for investors when equities tumble on worries about inflation and higher interest rates. Where are they going to put their money -- bonds?

Cash has suddenly become a hot item as previously high-flying assets such as stocks, emerging market debt and commodities have suffered in a harsh global sell-off.

http://today.reuters.com/news/newsArticle....ESTORS-CASH.xml

I have to go pay my car tax this morning. Should be a pleasant experience.

looks like a gap up opening - already started with the TNX

GS says remove shorts on RYL due to valuation

don't they have a buy rating on homies?

How does one buy and short at the same time?

Out of OIH at 148.5 for a healthy 6.5 points.

Good morning. Lets see if this puppy has legs some legs. Looking at buying 1/2 position in the EWJ this morning.

Out of tie at 35 for a healthy 4 point gain.

So far so good on my large SMH and SWH plays...low risk imo with stops a few % below...will not hurt much if I lose....Ive calculated the possible hits....but the rewards in the short term will erase all losses on ltbh stocks and hopefully set me up to buy back in my favorites at better prices....
If successful I will have portfolio back to the highs AND be able to cash out and pick targets on favorites which are and will hopefully stay at much lower prices....and turn back again afterwards...


I bought some more BHP for my core port...based on the gap fill...
Bought PEIX, FCEL, BGO and GLG for short term plays....to add with many others already bought, treading water....

Wanted to note.....kick ass trading by some here...you all know who you are!!
A few others got clocked really bad and lost all their gains this year for sure....never fall in love with any stock......dont ignore the indicators which were being shown by many others....RISK REWARD is everything!! Now is the time you have a chance to get it back....well some of it!!

Since most like shortys plays....and he nailed it big time short..(I just simply sold to cash)....I wouldnt ignore what he is saying in his last comments on M2m.....its exactly what I think on a risk reward basis.......as I mentioned from my friends analysis on a possible cluster bottom or the possibility that after a bounce the dow would have more downside which would align with the comode stocks bouncing here then turning back down......probably aligns up perfect with the gap fills on GLG and BGO but who knows...

IMO, the guys best at value plays and actually studying fundamentals should turn over their plays to the great TA players and team up for maximum gains....we have just seen a picture perfect example of how that works....


Bought back HEC for round 3...no stop on the penny stocks...plan to watch what takes off the best today, pick entries for any small pullbacks and go long...

If the market turns back down today Ill tighten stops and wait till next week.....it has to bounce now....
Good luck to everyone. The info shared lately was extremely helpful and gave me alot of profitable ideas.

Check out the huge gap in HGX.

Out of GG at 31.70 for a healthy 2.7 points.

Also Out of AEM at 31.70 for a healthy 3 points.

I have to agree with this. I went to cash and saved myself some serious pain. This
morning I have some gains as well as I went long a few things yesterday. Just dipped
a toe in. I think that these longs are just a short-term trade though and may just
bag them quickly.

That was some bounce in the QQQQs this morning. There's probably tons of
OH resistance but hopefully we burn through some of that today.

As usual, I'm posting intraday projections, support & resistance on qqqq spx and hui over at the WSE. Feel free to drop in during the day!

http://wallstreetexaminer.com/trading/inde...?showtopic=358&

Is that an island reversal i'm seeing on HGX?

Gold at 666.60 Where's shorty?

Counting his money.

Bond market turning....wish I could post all my pay for charts, indicators etc.... please dont ignore this!!! Looks as if it topped friday possibly...
My IT Nasdaq indicator has officially turned up as of yesterday....no way on earth I would ignore it...

Who is buying this pullback?

Or

Shorted this bounce?

I have to agree with everything you said there Tzu. I can finally feel the blood returning to my head and the pucker easing out of my drawers this morning. I had my trading positions out of the metals at the top, but a little more attention to TA would have kept me out a little longer.

As it was I grabbed a few knives that I should have left fall. I kept buying and held fast, and I'm full boat long miners (ok, some FDG and DOC as well), the overall (funnymetal?) trend will rule all, but I could have done a lot better in the last two weeks.

Much thanks and best of luck to everyone...

Back to cash in the trading port. Nice pop though. Still holding a few small
positions in the long-term port.

Where the fornicating hell are all the bears.

You looking for me?

Shorted OIH at 149.90..
Shorted PEIX at 28.50...
Shorted KBH at 54...

Phew. Thank god!

Well, I sold my SPY, miner and energy longs. I guess we'll need something in-between a bull and a bear for those that go to cash. How about chicken?

PVX is doing well today.

I'm probably early on these shorts and got a feeling i'll get stopped out today.

Is FNM halted?

donged more puts here ... ditto on your sentiment ... house's money

Shorted more OIH at 149.70 with stop at today's high for full position.

FNM was supposed to release their mia culpa report today ...

more lies within a larger pack of lies ..

"We plead guilty to fraud, stock price manipulation, mass purchases of Russian sex-slaves and various other off-budget employee perks..."

"We will continue to delay our quarterly filings until the precise extent of these past transgressions can be dollarized..."

Over the last few days I've had to edit a couple of "lectures." Let me make something perfectly clear. We are here to share with one another. Preaching and lectures are not welcome. Don't dredge up muck from the past, and don't dare criticize the trading approach of any member of this board. If you like someone's approach, complement them. If you don't, then shut the hell up.

I will not tolerate criticism, direct or indirect, openly hostile, or slyly passive aggressive, of anyone contributing their work to this board. That goes for generalities like "certain people say so and so."

I thank each and every one of you for what you have contributed regardless of whether I agree with you are not. Everyone should be grateful that we get a variety of views here.

No one knows what the future holds. Not me, not you, or anyone else. The guy who got it wrong this week may be the guy who has it absolutely right in the big picture. When you live in a glass house, it's best not to throw stones.

WASHINGTON (AP) -- Employees at mortgage giant Fannie Mae manipulated accounting so that executives could collect millions in bonuses as senior management deceived investors and stonewalled regulators at a company whose prestigious image was phony, a federal agency charged Tuesday.

http://biz.yahoo.com/ap/060523/fannie_mae.html?.v=4

Shorting GM here not a lot, lets see what happens. What do you guys think about the oil stocks? They been hammered lately. Out into cash except my GM shorts. Seems like there are plenty of GM stocks to short these days.

Oilman

Coupon pass 2/09-12/09 maturities

Here comes the jam

Stopped out at 150.50....sh!t!

I'm going to be pretty annoyed if the upcoming bad news is viewed as being "priced in" ("priced in" would be a stock price approximately equal to zero).

But here's what I fear from old Fannie...gettin' ready to run.....

Fannie gives new meaning to too big to fail.

Tradeable rally in the energy stuff though keep an eye on the weather. It's been unseasonably cool in the northeast and very rainy which means that people are driving less and don't need to heat or cool their homes. Haven't checked the forecast for the
long weekend but I should. If it's all rain here, that should dampen spirits for heading out to the beach. Man, commodities are coming alive right now.

Just hoping Fannie decides to run this course....

Shorty: Does the fnma news mean frankie will due hard time?

Dear Doc,

Well the white ones are in the Arctic and the really big ones like photography and live on an island in Alaska. There are many different coloured ones in the US and Canada. Australia has a small one, but it's mutant and sleeps a lot because it takes drugs. Asia has some cute ones including a penguin coloured one that gets called names like Ping Pong or Ding Dong.

BearAss