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

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










http://www.kitco.com

Energy futures

Da bullz charged into open but sellers were waiting. All Ords currently -0.2% and it's the usual two sectors getting thunked. Materials down the most, -1.6% followed by Energy, -1%. Utilities is up the most, +0.8%.

BHP and RIO are revisiting a support area: BHP -2.2% and RIO -1.2%. In the golds, Newcrest is up for a change, +1.5% but Lihir and Newmont are in the red.

Oils are down on low volume.

Another mixed day in Asia with minor gains or losses at this stage.

NYSE Buys Euronext Forming First Transatlantic Market


June 1 (Bloomberg) -- NYSE Group Inc. agreed to buy Euronext NV for 7.78 billion euros ($9.96 billion), forming the first transatlantic stock exchange and edging out a rival bid by Deutsche Boerse AG.

NYSE Euronext, as the combined company will be called, would unite the 214-year-old New York Stock Exchange with bourses in Paris, Amsterdam, Brussels and Lisbon and Europe's second-largest futures market. The new exchange will handle about $2.1 trillion in stock trades a month, twice as much as Nasdaq Stock Market Inc.

Higher highs and lows unless it changes things may have bottomed.

Last month Helicopter Ben had push out nearly $5 billions worth of High power money which will turn in to $50 billions.

How many of you are still looking for Black hole???

Fact is Joke has not even touch 11K.

A bit of a loop-da-loop which brought us back into positive territory with All Ords closing +0.3%. Utilities steamed higher, +2.1% and Energy was the reddest, albeit off the lows, -0.8%.

Miners generally improved throughout the day. BHP finished down a mere 0.6% and RIO -0.5%. In the golds, Lihir did a dramatic turnaround to close +2.5%, Newcrest did the reverse, going from up to down, -2.1% and Newmont finished +0.7%.

Oils remained mixed: Woodside flat, Santos -1.1% and Caltex +0.2%.

A bit of a rocket ride in Asia although China, -0.9%, failed to join in. Nikkers +1.8% and India/Taiwan +1.3%.

Over to UK/Europe:







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

12 hours of continuous trading, plenty of time for the pigmen shank reversals.

Look who's been reading the stool:

"Hedge funds have created a "major risk" to global financial stability for which there are no obvious remedies, the European Central Bank warned on Thursday in one of the bluntest official statements yet on the rapidly growing sector.

In a clear hint of rising official nervousness about the multi-billion-dollar industry, the ECB ranked an "idiosyncratic collapse of a key hedge fund or a cluster of smaller funds" in the same category as a possible bird flu pandemic as the types of shocks that could trigger fresh disruption in financial markets.
"

no link to full article possible
Is it a hint to the FED and BOJ's "save all the hedge funds and their multibillion dollar participants with taxpayer's money"?

Comparing hedge funds going under with a pandemic where people die in the millions is a bit off; not very sensible IMO.

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wow! Dollar imploding.

Empl # misses big

75k vs 175k exp

manufacturing -14k vs 7k

Pretty much what ADP predicted

Equities like it, bonds like it. Fed will pause rally in play. Looking for gap and crap

BOOM. MACD crossovers in BULK today! QQQQ already up .40!! Off to the races!! I can't get a better buy signal.

IMO...Load up on every smashed alt energy and Nasdaq stock there is!!

The put buyers made a killing on the down move. Looks as if they are about to give it ALL back. imo...

I would be a bit carefull. If there is a stock rally today than it may be very a "one day wonder". Rates do rise since many many months, during that time we had sometimes not so good economic data, other times we got very good data, but during that whole time period rates did rise. Why should they stop rising, only because we got a bit disappointing data today?

Miner stocks leading the way pre-market!

My MDTL is up 8% in 4 trading hours. These things are gonna fly...imo.

NDX might approach my 1635-1640 target today. This chart posted a few days ago.

I have a good idea we may rocket off the bell and good money could be made selling into it and waiting for the pullback.
I am more of a swing trader so just letting things ride.

Look'n to enter puts for DIA & SPY at the open.

Nobody crystallizes the essence of the issue better than you Dr. Bob! You DA MAN!

Many tanks for your sharing your insights with us!

TE, what volume do you have for RMBS? My MDTL volume seems wrong. I have already cleared all info for the day.

TNX plunges to 5.04

I don't know about the gap and crap. We will surely need to come down and fill the gaps but momentum and the macd crossovers could lead to a powerful rally that doesn't retrace until mid next week or so....imo.

I don't have any info on volume pre market. I am home today. I do see it crossing up a buck.

WOW, there goes my SATC up 7%!!

but only 500 shares...

My MDTL shows 40% volume. Higgest short interest of all the alt techs and it was near the trend line!

http://quotes.nasdaq.com/aspxcontent/Exten...rinput=&x=9&y=9

Pre market volume link

The government numbers are all fill numbers. If they need a rally in an investment catagory then this is how they do it. Bonds were in trouble so a great employment miss today saves them. At the same time the spin is the rate hikes are over so stocks rally. What BS. I remember in Jan. of 2001 we had the first decrease in rates... market rallied then preceded to fall apart. I think the gap and crap scenario is correct. It feels the financial markets are are more communistic than the Soviet Union ever was....

It's always the toughest to sell during rallies and buy during selloffs. Today, I SELL!

Now that I've missed the 3 best trading days of the year, I'm back. Expect a whole lot o' nothin' today.

Base metals doing the dead cat bounce thingy on LME.

Copper and Zinc leading the way.

Last chance for the punters to game CUP before the election in Peru on the weakend.

Don't be surprised if CUP blasts off today.

IMO ONLY
It's just started on an IT basis.
Wait for the gap and crap and load down alt energy plays and tech!

Tzu,

which alt energies do you like?

BTUI, ENER, HYGS, ZOLT, PWEI, BLDP

Some are not up much. MAy be good buys now and don't wait for a pullback....just opinions.

Thank Tzu.

I mean, thank you Tzu.

I guess this doesn't mean much to the plutocrats:

ADM and PEIX for ethanol

ZOLT and BTUI 10% volume off the bell....

Only down stocks on my screen are ones that have just had huge moves....

PBW (alt energy etf)taking off. Best performing etf of the year before the retrace....12% volume so far

toppy on the stokes. SPX 60 min.

Dammit! Who caught the SPY at 1248 this morning in prehour?

Bad tick on Gold? Kitco quotes 650

SBUX is one that's down. .46 and, hopefully, counting now.

finga

T-Bills and CD's

I'm tellin ya

Fed just did an enormous drain. And don't forget, the $22 billion CMB settles today. Bearish as hell.

I'm not sure I get it. It's almost as if the Fed wants to pull the rug out from under this rally.

That sucks, nice timing of them though.

Kitco broken, Netdania showing 631.60..