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

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










http://www.kitco.com

Energy futures

Yahoo's got the red line in the wrong spot: All Ords on a downer today, -0.3%, dragged down by the resource and energy sectors. Materials is down the most, -2.2% and Energy -1.8%. Telecom is the greenest sector, +0.8%.

Asia not looking too enthusiastic but no big moves so far...

Australia's New Car Sales Fall for a Sixth Month in September

Oct. 4 (Bloomberg) -- Australia's new vehicle sales fell for a sixth month in September led by a decline in light truck sales.

Sales of passenger vehicles declined 1.4 percent in September and sport-utility vehicles slumped 12 percent. Light truck sales fell 13 percent and heavy commercial vehicles rose 0.9 percent.

---------------

Housing sector in strife

BUILDING approvals slumped by almost 13 per cent in August following two recent interest rate rise and the threat of more to come.

Overall, total building approvals fell 12.6 per cent in August, seasonally adjusted, the Australian Bureau of Statistics said. Economists had forecast a fall of 3 per cent for August.

The biggest fall came in approvals to build units and apartments, which plunged by 36.9 per cent to 3213, in August, following three months of steady growth.

Well for all who missed it Sudaca is ALIVE and posted on M2M. Now if he would just do IDS all would be well in the world.

Just wondering here if what the bears might need is a buying panic that sends to DJIA to a shooting star/inverse hammer happy print of 12,000 to be followed by a round trip back to the July/August breakout around 11K or so.

I got this from TT.
Dmm, touched on this subject.
Compare trading afterhours vs. normal hours. You can see where all the money is made. fwiw.

Harrahs amateur plays their Hand early...

http://news.moneycentral.msn.com/provider/...1004&ID=6074353

But last week, there was already "unconfirmed chatter across options trading desks regarding a leverage buyout on Harrah's," said Paul Foster

So basically a scapegoat can take the fall and the whole gang and that the chatter box hits a homerun. Most can now just see they saw odd activity so jumped on it.




Anyone watching the drillers?
NOV and DO got pounded yesterday on 2xs normal volume.

Nat gas stocks are in freefall. Many breaking supports.
The penny stocks are taking a beating.
Check out AOG.

If these melt down we could see some huge rides ahead. imo.
Volume is growing on the commodities once again and it is to the downside.
HEdgefunds are way overloaded.

Running a tad late with the arvo report.... All Ords rolled over and died finishing the day -0.8%. On the 5-day chart, that break thru resistance is now looking like a blowoff. Energy and Materials continued to get hammered, -2.8% and -3.1% respectively. Property Trusts ended up the most, a relatively feeble +0.4%.

Asia turned bearish: Sth Korea -1.6%, India -1.3%, Nikkers -1%.

UK/Europe up so far but will it last?







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

VLo and GM getting a good start this morning.

Pretty much a breakout on GM it appears. No use fighting it. Glad I am long.

Should be interesting to see how VLO does today.

XMSR down 4%. Flirting with lows and a breakdown or a bottom.
http://www.amtddj.inlumen.com/bin/djstory?...WaebqLqWmdi5nZu
George Haywood Steps Down From XM Satellite Radio Bd>XMSR

The semis topped before the May top. I wonder if the setup could be the same.

SSL at support. Large drop below


HGSI news may break it out over 12.50. 4% volume already. Up 1.5%.

4 year consolidation pattern.

Bad tick on ANDE but it still looks like it could collapse.

Someone just bought 400,000 SIRI. Something is up here.
Reiterated as sector perform...
http://www.amtddj.inlumen.com/bin/djstory?...qaebqLqWmdC0nZu

up 2% on 3% volume already.

WMT revises sales. Billions off. Someone messed up big time being said on tv.
1.3% from 1.8%.

SIRI just jumped 26% while it was being reported on tv. He read it was up 26% then whammo, back to 2%.
Weird, no volume.

300 shares traded at 5.13
10/04/06 09:03:50 5.13 4.15 4.16 300


now something just happened and stuck the % gain showing 34.95%. Weird.

The 13 week and 6 month cycles have been acting together as a merged cycle averaging 18 weeks for the past year or so. Once that started the target boxes were out of synch, and of no help. I could note the 18 week target areas, but here again, the current cycle has already overshot by three weeks. I find it more helpful to focus on the cycle indicators themselves and evaluate their position every day, rather than get locked in on particular time frames. Just stay with the trend until the indicators tell us not to.

Bear Stearns has downgraded F to "peer perform" and upgraded GM to "peer perform."

Um. What other "peers" are there for these U.S. automakers?

However here in opposite world I suppose that means BUY F and SELL GM.

Thought the best selling car in the USA was Hot Wheels.

According to Matel's web site, the average collector owns 41 of them.

Mo-mo daytraders: AIS announces that TEVA is going to use their needle-less injection technology. Currently at 1.10, another one of those "option that never expires" cheapies.
Do your own DD blah blah blah.

Good point.

I'm pretty sure that one of those Hot Wheels cars would run better than the Chevy I once had.

up 6.66%

Where's Shorty?

DJ Fed Accepts $9.25 Bln In Overnight RPs

Type of transaction: Overnight RPs
Total accepted: $9.25 Bln
Total submitted: $33.9 Bln

Agency Collateral Operation
Total accepted: None
Total submitted: $3.3 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.28%
Low-rate submitted: 5.23%

Treasury Collateral Operation
Total accepted: $9.25 Bln
Total submitted: $28.9 Bln
Stop-Out Rate: 5.27%
Weighted Average: 5.27%
High-rate submitted: 5.27%
Low-rate submitted: 5.2%

Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $1.7 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.28%
Low-rate submitted: 5.26%

Long SPY, DIA.

That's a net $500 million drain. Complete details and analysis in today's WSE Pro Fed report coming up shortly. Subscribe today! http://wallstreetexaminer.com/subscribe.php

I guess they liked the Factory orders and ISM services.

Added HGSI @ 12.09...target 13.36

Taking profit on IWM here...

COP says production is going to drop and refining margins will be lower.

This wonderful news sends it up .30

ISM services dropped to 52.9. slower than expected. Inflation component dropped sharply.

qqqq testing yesterday's high. 10 year yield drops sharply.

Follow my commentary on intraday projections support and resistance on spx , qqqq, and hui http://wallstreetexaminer.com/trading/inde...wtopic=454&st=0

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Why is BIIB up when there has been terrible news about its MS drug, Avones, which turns out to be less effective than Teva's Copaxone, and is harder for patients to stay on?

Out. Nice scalp this morning. But they don't make meltups like they used to. I was hoping for a triple-digit screamer on the DJIA. My ability to watch is going to be sharply curtailed for a while.

FDG and PVX still have the ugly stick today. I wouldn't short them around
dividend time though.

Coal, silver, natural gas getting creamed. GS smoking hot. Amaranth #2, 3, 4, 5 coming up?

Selling volume picking up steam in commodities. Long GS.

RIMM up 3, over 105

umm sure as hell wish i wouldnt have dropped my QLD @ 76.80 yesterday who would have believed the nas would have been up that much. well life goes on....

not necessarily

A billion shares in the first 2 hours already on the NYSE

Looks to be a record volume day.

It's a good idea not to engage in shoulda coulda woulda. I always like to focus on where the next opportunity lies. There's not a damn thing I can do about my last trade, except maybe learn from it. If I miss one streetcar, there's always the next one. I want to be sure to be ready when it arrives.

Isn't this an old Philadelphia saying?

"There's a bus leaving town in an hour. Be under it."

All time record low in the Rydex PM cumulative cash flow.

HUI should be doing a V-Bottom any day now.

But I'm not playing it.....way too scared of these high cocaine junkies...

Interesting though that up vol is barely ahead of down vol. 475 m to 435m

Yet another all-time, record high in the REITs today

Nice move in the drugs

A lot of those funds have been diverted to the GDX.

Just as with the Rydex bull and bear ratios. Much of the cash is now playing the QID and QLD and the spx double long and double short, whose symbols escape me at the moment.

Top HeatMap gainers

Citigroup about to bust out to new highs

AXP looking good........

More PigMen Firms came out en-masse and downgraded the major oils at 10:30am today, after downgrading the drillers two days ago.

Note how the downgrade came at the exact print low.

Someone got the shaft Qs print of $40.14