http://quote.yahoo.com/m2?u
Full Version: IDS World Markets Tues 31st October 06
Stool Pigeons Wire Message Board > Stock Market Message Board > Intraday Stool- Stock Market Short Term Trading
Have to shoot out so I'll be back with the market report later...
Well nothing much changed while I was away and it looks like we might be in for a period of consolidation. All Ords -0.2% with IT leading on the downside, -1.4% and Materials not far behind at -1.3%. Telecom is leading the green end, +1.2%.
Miners are selling off: BHP -1.9% and RIO -1.7%. The golds also getting a hard time with Newcrest the only green, +1.4%.
The oils are down on lightish volume: Woodside -1.5% and Santos -0.8%.
Over in Asia it's mostly up with only Honkers and Singers in the red.
Well nothing much changed while I was away and it looks like we might be in for a period of consolidation. All Ords -0.2% with IT leading on the downside, -1.4% and Materials not far behind at -1.3%. Telecom is leading the green end, +1.2%.
Miners are selling off: BHP -1.9% and RIO -1.7%. The golds also getting a hard time with Newcrest the only green, +1.4%.
The oils are down on lightish volume: Woodside -1.5% and Santos -0.8%.
Over in Asia it's mostly up with only Honkers and Singers in the red.
Japan Jobless Rate Rises; Household Spending Falls
Oct. 31 (Bloomberg) -- Japan's unemployment rate unexpectedly rose, wage growth stalled and household spending fell, undermining the Bank of Japan's case for raising interest- rates.
The jobless rate climbed to 4.2 percent in September and household spending fell 6 percent, the statistics bureau said today in Tokyo. Wages including overtime and bonuses were unchanged, the labor ministry said in a separate report.
Stagnant wages may delay the pickup in consumer spending needed to insulate the economy from a slowdown in the U.S., Japan's largest export market. The central bank, which releases its semi-annual outlook report today, has said it will examine prices as well as the economy when making a decision on raising interest rates for a second time in six years.
--------------
Japan's Insurers May Shun U.S. Debt
Oct. 31 (Bloomberg) -- Japanese life insurers, who manage the equivalent of $1.6 trillion in assets, will cut holdings of U.S. Treasuries after the cost of protecting the investment against currency swings surged, according to Calyon Securities.
A reduction in purchases by Japanese investors, the largest overseas holders of U.S. government debt, may push up yields, said Susumu Kato, chief strategist at Calyon. Japan held $644.2 billion of the securities at the end of August.
``Life insurers are becoming less aggressive about buying overseas bonds,'' said Kato at Calyon, one the 25 primary dealers invited to discuss Japanese bond sales with the Ministry of Finance. ``That could be negative to Treasuries.''
The yield on the benchmark 10-year note fell below the Federal Reserve's target rate for overnight lending for the first time in five years in June. As a result, the cost of protecting investments from currency swings, known as hedging, has become almost as expensive for Japanese investors buying Treasuries as the yield earned.
Oct. 31 (Bloomberg) -- Japan's unemployment rate unexpectedly rose, wage growth stalled and household spending fell, undermining the Bank of Japan's case for raising interest- rates.
The jobless rate climbed to 4.2 percent in September and household spending fell 6 percent, the statistics bureau said today in Tokyo. Wages including overtime and bonuses were unchanged, the labor ministry said in a separate report.
Stagnant wages may delay the pickup in consumer spending needed to insulate the economy from a slowdown in the U.S., Japan's largest export market. The central bank, which releases its semi-annual outlook report today, has said it will examine prices as well as the economy when making a decision on raising interest rates for a second time in six years.
--------------
Japan's Insurers May Shun U.S. Debt
Oct. 31 (Bloomberg) -- Japanese life insurers, who manage the equivalent of $1.6 trillion in assets, will cut holdings of U.S. Treasuries after the cost of protecting the investment against currency swings surged, according to Calyon Securities.
A reduction in purchases by Japanese investors, the largest overseas holders of U.S. government debt, may push up yields, said Susumu Kato, chief strategist at Calyon. Japan held $644.2 billion of the securities at the end of August.
``Life insurers are becoming less aggressive about buying overseas bonds,'' said Kato at Calyon, one the 25 primary dealers invited to discuss Japanese bond sales with the Ministry of Finance. ``That could be negative to Treasuries.''
The yield on the benchmark 10-year note fell below the Federal Reserve's target rate for overnight lending for the first time in five years in June. As a result, the cost of protecting investments from currency swings, known as hedging, has become almost as expensive for Japanese investors buying Treasuries as the yield earned.
New home sales plummet
FOR the fifth time in six months, new home sales in Australia have fallen, as higher interest rates continue to weigh down new housing demand and supply.
The Housing Industry Association's (HIA) new home sales survey for September showed that the sale of new homes and units among Australia's largest builders and developers fell by 3 per cent to 7342 dwellings.
--------------
Credit figures support rate rise
THE central bank's credit aggregates released today are likely to support the case for another interest rate hike next week, despite some signs of slowing and growth rates not much out of line with longer-term averages.
Total credit growth of 1 per cent in September was in line with the average of the preceding 12 months, while annual growth of 14.4 per cent was about in line with the 13.1 per cent average of the previous five years.
Analysts say the data supports the case for a rate rise citing strength in business credit up by 15.9 per cent in the past year, versus a five-year average of 8.8 per cent.
FOR the fifth time in six months, new home sales in Australia have fallen, as higher interest rates continue to weigh down new housing demand and supply.
The Housing Industry Association's (HIA) new home sales survey for September showed that the sale of new homes and units among Australia's largest builders and developers fell by 3 per cent to 7342 dwellings.
--------------
Credit figures support rate rise
THE central bank's credit aggregates released today are likely to support the case for another interest rate hike next week, despite some signs of slowing and growth rates not much out of line with longer-term averages.
Total credit growth of 1 per cent in September was in line with the average of the preceding 12 months, while annual growth of 14.4 per cent was about in line with the 13.1 per cent average of the previous five years.
Analysts say the data supports the case for a rate rise citing strength in business credit up by 15.9 per cent in the past year, versus a five-year average of 8.8 per cent.
Global Cash Glut Fuels Investment Frenzy, Pushing Up Rates
Oct. 30 (Bloomberg) -- Markets around the world are awash in excess cash, fueling a frenzy of investment from London to Tokyo that may lead central banks to push interest rates higher than investors now anticipate.
Money remains cheaper than in the 1990s even after every major central bank raised rates this year, the first simultaneous tightening since 2000. The cash glut is reheating the U.K. housing market, while in Japan companies plan the most investment since 1990. China's biggest bank this month attracted orders for more than half a trillion dollars with its initial public offering of shares.
Without further tightening, central bankers may have new asset bubbles and inflation risks on their hands. The European Central Bank, whose officials voice the most concern, is convening a conference in Frankfurt next week on the role of money growth in guiding interest rate policy. Among participants: Federal Reserve Chairman Ben S. Bernanke, People's Bank of China Governor Zhou Xiaochuan and Bank of Japan Deputy Governor Kazumasa Iwata.
Oct. 30 (Bloomberg) -- Markets around the world are awash in excess cash, fueling a frenzy of investment from London to Tokyo that may lead central banks to push interest rates higher than investors now anticipate.
Money remains cheaper than in the 1990s even after every major central bank raised rates this year, the first simultaneous tightening since 2000. The cash glut is reheating the U.K. housing market, while in Japan companies plan the most investment since 1990. China's biggest bank this month attracted orders for more than half a trillion dollars with its initial public offering of shares.
Without further tightening, central bankers may have new asset bubbles and inflation risks on their hands. The European Central Bank, whose officials voice the most concern, is convening a conference in Frankfurt next week on the role of money growth in guiding interest rate policy. Among participants: Federal Reserve Chairman Ben S. Bernanke, People's Bank of China Governor Zhou Xiaochuan and Bank of Japan Deputy Governor Kazumasa Iwata.
Basically a general chop sideways for the day. All Ords closed -0.3% and Materials took over on the downside, -1.5%. Telecom retained its position as number one green, +1.3%.
Mining heavyweights BHP and RIO took a pummelling. BHP finished -2.6% and RIO -1.7%. Golds were mixed: Newcrest +1.5%, Newmont flat and Lihir -2.8%.
In the oils, Woodside sailed down 2.6% and Santos 1%.
Over in Asia, China closed +1.2% and the rest are up to some degree with the exception of Honkers and India, both down slightly.
Over to UK/Europe:
http://quote.yahoo.com/m2?u
Chindia watch......
Shanghai close was a new record, all time high.
Mumbai gapped up to a new high, selling off a bit now.
Mumbai was at 9K in the middle of June. Up ~40% since. Amazing.
Shanghai close was a new record, all time high.
Mumbai gapped up to a new high, selling off a bit now.
Mumbai was at 9K in the middle of June. Up ~40% since. Amazing.
TIE reported after NY close today.
Blew out the numbers.
Biggest problem they seem to have is they can't spend their vast hoard of cash fast enough on new capacity to meet current orders already on the books, which is about 9 months of sales at the current run rate.
Got a little haircut today during normal trading and was down even more AH.
Down over 5% since the close on Friday, despite their stellar operating report.
So much for funnymentals.
Blew out the numbers.
Biggest problem they seem to have is they can't spend their vast hoard of cash fast enough on new capacity to meet current orders already on the books, which is about 9 months of sales at the current run rate.
Got a little haircut today during normal trading and was down even more AH.
Down over 5% since the close on Friday, despite their stellar operating report.
So much for funnymentals.
Organized Crime Steals Millions From Online Brokers
.....The criminals are using a number of profitable techniques, said Ameritrade and other sources quoted by Bloomberg, including a "pump-and-dump" scheme where thieves used customers' funds to drive up the prices of marginal stocks. The criminals would then sell shares they had purchased earlier for a large profit. The scheme typically sets off few or no security alerts at online brokers because no money is withdrawn from the compromised accounts, Bloomberg said. In other ploys, identity thieves open accounts using stolen names, then use those accounts for illegal trading or money laundering. Any investigation leads authorities to the victim, who appears to be responsible......
Story
.....The criminals are using a number of profitable techniques, said Ameritrade and other sources quoted by Bloomberg, including a "pump-and-dump" scheme where thieves used customers' funds to drive up the prices of marginal stocks. The criminals would then sell shares they had purchased earlier for a large profit. The scheme typically sets off few or no security alerts at online brokers because no money is withdrawn from the compromised accounts, Bloomberg said. In other ploys, identity thieves open accounts using stolen names, then use those accounts for illegal trading or money laundering. Any investigation leads authorities to the victim, who appears to be responsible......
Story
Alceringa, fwiw, I bid against the same group of people at the auctions all the time. Almost weekly. We know each other, work together when we can giving info we compiled etc. if we lose the bid or pass on something.
Problem around here is that everyone wants to pick up on the action now so any home with no damge usually has 15 people there.
We buy the ones with damage to fix so it gives us a market. We also all know the auctioneers, who to talk o at the banks and the auctioneer is usually the same guy as well...
Sherriff sales are way different than regular auctions. There is no minimum bid. I would assume regular auctions could have "minimum required bids like Ebay does.
Problem around here is that everyone wants to pick up on the action now so any home with no damge usually has 15 people there.
We buy the ones with damage to fix so it gives us a market. We also all know the auctioneers, who to talk o at the banks and the auctioneer is usually the same guy as well...
Sherriff sales are way different than regular auctions. There is no minimum bid. I would assume regular auctions could have "minimum required bids like Ebay does.
Zinc and Lead watch...........
All time record highs, 91 years on zinc. 53 years on lead.
Zinc hit a peak on Friday of $4,185 per tonne the highest level since the metal was first listed in 1915. Zinc is used to galvanize iron and steel.
Meanwhile, lead reached $1,630, the highest reading since the metal began trading in London in 1953. “Zinc squeezed out another new peak, which was sufficient to underpin sister metal lead,” said UBS analyst Robin Bhar.link
That report is from Friday. Both up strong again Monday.
Dong HBM.TO. Zinc, copper, gold, silver play.
AUR.TO a similar play, got no position.
Both takeover targets. Both strong operationally.
Zinafex another play. Takeover target because management can't get it together.
Gonna get outta the way of earnings on HBM.TO (on 10 Nov) and then jump back in.
Do your own DD.
All time record highs, 91 years on zinc. 53 years on lead.
Zinc hit a peak on Friday of $4,185 per tonne the highest level since the metal was first listed in 1915. Zinc is used to galvanize iron and steel.
Meanwhile, lead reached $1,630, the highest reading since the metal began trading in London in 1953. “Zinc squeezed out another new peak, which was sufficient to underpin sister metal lead,” said UBS analyst Robin Bhar.link
That report is from Friday. Both up strong again Monday.
Dong HBM.TO. Zinc, copper, gold, silver play.
AUR.TO a similar play, got no position.
Both takeover targets. Both strong operationally.
Zinafex another play. Takeover target because management can't get it together.
Gonna get outta the way of earnings on HBM.TO (on 10 Nov) and then jump back in.
Do your own DD.
QUOTE(Tzu @ Oct 31 2006, 07:22 PM)
Alceringa, fwiw, I bid against the same group of people at the auctions all the time. Almost weekly. We know each other, work together when we can giving info we compiled etc. if we lose the bid or pass on something.
Problem around here is that everyone wants to pick up on the action now so any home with no damge usually has 15 people there.
We buy the ones with damage to fix so it gives us a market. We also all know the auctioneers, who to talk o at the banks and the auctioneer is usually the same guy as well...
Sherriff sales are way different than regular auctions. There is no minimum bid. I would assume regular auctions could have "minimum required bids like Ebay does.
Problem around here is that everyone wants to pick up on the action now so any home with no damge usually has 15 people there.
We buy the ones with damage to fix so it gives us a market. We also all know the auctioneers, who to talk o at the banks and the auctioneer is usually the same guy as well...
Sherriff sales are way different than regular auctions. There is no minimum bid. I would assume regular auctions could have "minimum required bids like Ebay does.
Understand your point.
But the real estate auction process here in Oz is totally different than in the USA.
Basic difference here is that almost no real estate auctions are "distress" sales.
Anyway. there were at least 475 auctions that day in Melbourne by 100+ different auctioneers.
The odds of having exactly the same 2 people show up at 4 different auctions by the same auctioneer and exhibit the same behavior at each one on that kind of day are beyond astronomical.
European inflation down. Economic sentiment up.
Eurotickblasters engaged.
Eurotickblasters engaged.
Regarding the GS note on motherboards last week:
1) AMD is embarassed to say that it can't keep up with chip demand and is
working on increasing capacity.
2) Just saw a note that there is an Intel chipset shortage. The article was in
chinese so I couldn't read it (yeah, go figure).
3) Rackable said that customers are ordering Opterons over Xeons choosing Opteron 84% of the time. My recent testing is that AMD chips are better in some server-type workloads compared to Core 2 Duo. My 2.5 year old AMD laptop is better at building Mozilla Firefox than my new Intel Conroe desktop that's supposed to be a lot faster - it's been a disappointment as far as building goes.
4) Rackable said that memory prices are high. Server memory tends to cost more than desktop and notebook memory and it appears that more customers are ordering more with 64-bit systems. I haven't checked a chart of Micron in a while.
I'm wondering if the decrease in motherboard orders is due to shortages of chips from AMD or chipsets from Intel and not due to demand for computers. The AMD-Intel price war is in full swing and will continue at least for the next year (my opinion). Both companies will be rolling out better technology at great price points.
1) AMD is embarassed to say that it can't keep up with chip demand and is
working on increasing capacity.
2) Just saw a note that there is an Intel chipset shortage. The article was in
chinese so I couldn't read it (yeah, go figure).
3) Rackable said that customers are ordering Opterons over Xeons choosing Opteron 84% of the time. My recent testing is that AMD chips are better in some server-type workloads compared to Core 2 Duo. My 2.5 year old AMD laptop is better at building Mozilla Firefox than my new Intel Conroe desktop that's supposed to be a lot faster - it's been a disappointment as far as building goes.
4) Rackable said that memory prices are high. Server memory tends to cost more than desktop and notebook memory and it appears that more customers are ordering more with 64-bit systems. I haven't checked a chart of Micron in a while.
I'm wondering if the decrease in motherboard orders is due to shortages of chips from AMD or chipsets from Intel and not due to demand for computers. The AMD-Intel price war is in full swing and will continue at least for the next year (my opinion). Both companies will be rolling out better technology at great price points.
QUOTE(alceringa @ Oct 31 2006, 04:54 AM)
QUOTE(Tzu @ Oct 31 2006, 07:22 PM)
Alceringa, fwiw, I bid against the same group of people at the auctions all the time. Almost weekly. We know each other, work together when we can giving info we compiled etc. if we lose the bid or pass on something.
Problem around here is that everyone wants to pick up on the action now so any home with no damge usually has 15 people there.
We buy the ones with damage to fix so it gives us a market. We also all know the auctioneers, who to talk o at the banks and the auctioneer is usually the same guy as well...
Sherriff sales are way different than regular auctions. There is no minimum bid. I would assume regular auctions could have "minimum required bids like Ebay does.
Problem around here is that everyone wants to pick up on the action now so any home with no damge usually has 15 people there.
We buy the ones with damage to fix so it gives us a market. We also all know the auctioneers, who to talk o at the banks and the auctioneer is usually the same guy as well...
Sherriff sales are way different than regular auctions. There is no minimum bid. I would assume regular auctions could have "minimum required bids like Ebay does.
Understand your point.
But the real estate auction process here in Oz is totally different than in the USA.
Basic difference here is that almost no real estate auctions are "distress" sales.
Anyway. there were at least 475 auctions that day in Melbourne by 100+ different auctioneers.
The odds of having exactly the same 2 people show up at 4 different auctions by the same auctioneer and exhibit the same behavior at each one on that kind of day are beyond astronomical.
Thats for sure. The similairity reminded me of people trying to get some super deal somewhere by low bidding! That is what happens with us.
Auctions for houses seem crazy to me. I can't figure how you can get a good deal.
Also, $10,000 dollars in adds? wow!
QUOTE(mmoy @ Oct 31 2006, 07:13 AM)
Regarding the GS note on motherboards last week:
1) AMD is embarassed to say that it can't keep up with chip demand and is
working on increasing capacity.
2) Just saw a note that there is an Intel chipset shortage. The article was in
chinese so I couldn't read it (yeah, go figure).
3) Rackable said that customers are ordering Opterons over Xeons choosing Opteron 84% of the time. My recent testing is that AMD chips are better in some server-type workloads compared to Core 2 Duo. My 2.5 year old AMD laptop is better at building Mozilla Firefox than my new Intel Conroe desktop that's supposed to be a lot faster - it's been a disappointment as far as building goes.
4) Rackable said that memory prices are high. Server memory tends to cost more than desktop and notebook memory and it appears that more customers are ordering more with 64-bit systems. I haven't checked a chart of Micron in a while.
I'm wondering if the decrease in motherboard orders is due to shortages of chips from AMD or chipsets from Intel and not due to demand for computers. The AMD-Intel price war is in full swing and will continue at least for the next year (my opinion). Both companies will be rolling out better technology at great price points.
1) AMD is embarassed to say that it can't keep up with chip demand and is
working on increasing capacity.
2) Just saw a note that there is an Intel chipset shortage. The article was in
chinese so I couldn't read it (yeah, go figure).
3) Rackable said that customers are ordering Opterons over Xeons choosing Opteron 84% of the time. My recent testing is that AMD chips are better in some server-type workloads compared to Core 2 Duo. My 2.5 year old AMD laptop is better at building Mozilla Firefox than my new Intel Conroe desktop that's supposed to be a lot faster - it's been a disappointment as far as building goes.
4) Rackable said that memory prices are high. Server memory tends to cost more than desktop and notebook memory and it appears that more customers are ordering more with 64-bit systems. I haven't checked a chart of Micron in a while.
I'm wondering if the decrease in motherboard orders is due to shortages of chips from AMD or chipsets from Intel and not due to demand for computers. The AMD-Intel price war is in full swing and will continue at least for the next year (my opinion). Both companies will be rolling out better technology at great price points.
Considering the downgrade seems to have little effect so far, it seems that the news is very similar to the BP news. It seemed bullish for oil but instead it was a great sell signal.
Not that this is comparable, just seems the selloff would have started.
I guess most of it has to do with people picking a top everyday lately causing the midday turnarounds. I don't think it ends anytime soon.
TCK is a Zinc and Lead play.
Year-to-date September 2006 earning $1,565 Million i.e. 9 months earning per share $7.11
http://www.teckcominco.com/news/06-archive...6financials.pdf
Annual Production
Zinc 660,000 tonnes Zinc, i.e. 1,452 Million pounds
Lead 115,000 tonnes and
Copper 260,000 tonnes
………………………………….
http://www.teckcominco.com/investors/repor...-operations.pdf
That means for every $0.01/lb up of Zinc, an increase in profit of $14.5 Million
Zinc up $0.3757/lb in last 30 days.
Year-to-date September 2006 earning $1,565 Million i.e. 9 months earning per share $7.11
http://www.teckcominco.com/news/06-archive...6financials.pdf
Annual Production
Zinc 660,000 tonnes Zinc, i.e. 1,452 Million pounds
Lead 115,000 tonnes and
Copper 260,000 tonnes
………………………………….
http://www.teckcominco.com/investors/repor...-operations.pdf
That means for every $0.01/lb up of Zinc, an increase in profit of $14.5 Million
Zinc up $0.3757/lb in last 30 days.
QUOTE(Tzu @ Oct 31 2006, 08:51 AM)
QUOTE(mmoy @ Oct 31 2006, 07:13 AM)
Regarding the GS note on motherboards last week:
1) AMD is embarassed to say that it can't keep up with chip demand and is
working on increasing capacity.
2) Just saw a note that there is an Intel chipset shortage. The article was in
chinese so I couldn't read it (yeah, go figure).
3) Rackable said that customers are ordering Opterons over Xeons choosing Opteron 84% of the time. My recent testing is that AMD chips are better in some server-type workloads compared to Core 2 Duo. My 2.5 year old AMD laptop is better at building Mozilla Firefox than my new Intel Conroe desktop that's supposed to be a lot faster - it's been a disappointment as far as building goes.
4) Rackable said that memory prices are high. Server memory tends to cost more than desktop and notebook memory and it appears that more customers are ordering more with 64-bit systems. I haven't checked a chart of Micron in a while.
I'm wondering if the decrease in motherboard orders is due to shortages of chips from AMD or chipsets from Intel and not due to demand for computers. The AMD-Intel price war is in full swing and will continue at least for the next year (my opinion). Both companies will be rolling out better technology at great price points.
1) AMD is embarassed to say that it can't keep up with chip demand and is
working on increasing capacity.
2) Just saw a note that there is an Intel chipset shortage. The article was in
chinese so I couldn't read it (yeah, go figure).
3) Rackable said that customers are ordering Opterons over Xeons choosing Opteron 84% of the time. My recent testing is that AMD chips are better in some server-type workloads compared to Core 2 Duo. My 2.5 year old AMD laptop is better at building Mozilla Firefox than my new Intel Conroe desktop that's supposed to be a lot faster - it's been a disappointment as far as building goes.
4) Rackable said that memory prices are high. Server memory tends to cost more than desktop and notebook memory and it appears that more customers are ordering more with 64-bit systems. I haven't checked a chart of Micron in a while.
I'm wondering if the decrease in motherboard orders is due to shortages of chips from AMD or chipsets from Intel and not due to demand for computers. The AMD-Intel price war is in full swing and will continue at least for the next year (my opinion). Both companies will be rolling out better technology at great price points.
Considering the downgrade seems to have little effect so far, it seems that the news is very similar to the BP news. It seemed bullish for oil but instead it was a great sell signal.
Not that this is comparable, just seems the selloff would have started.
I guess most of it has to do with people picking a top everyday lately causing the midday turnarounds. I don't think it ends anytime soon.
One of the problems out there is that news is so superficial and that it takes quite a
bit of work to understand whether or not news makes sense. It's a lot of work reading
mining reports or keeping up with any sector fundamentally. It's even a fair amount of work keeping up with things technically. Which is why it's nice to have forums to share information.
I trade the currents on AMD, long or short. They move back and forth and AMD is
volatile enough for me when I want something that's not too hard. Currently long
QQQQs, SPYs, Berkshire Hathaway (Etrade won't let me buy this online for some
reason), DIAs and short NEM. The last is a gamble. Thought about TRE and IAG
yesterday but decided against them.
got it.
mmoy, I am long as well. I have a spread on JNPR. It would work better if it tanked down first.
Long YHOO, QLD, SUNW and just bought RMBS. I use "trade triggers" on these since I'm gone during the day.
I've been trying to use a lot of cash trading QLD and QID instead of many individuals. It concentrates things better, increases the volatility but doesn't leave me out there to get clotheslined.
RACK looks good this morning.
New lows on USO
Long YHOO, QLD, SUNW and just bought RMBS. I use "trade triggers" on these since I'm gone during the day.
I've been trying to use a lot of cash trading QLD and QID instead of many individuals. It concentrates things better, increases the volatility but doesn't leave me out there to get clotheslined.
RACK looks good this morning.
New lows on USO
also long CDE
It just got downgraded this morning by UBS. UBS has been upgrading tech stocks left and right the last week or 2.
It just got downgraded this morning by UBS. UBS has been upgrading tech stocks left and right the last week or 2.
Valero Energy Corporation Reports Record Third Quarter Earnings
http://www.amtdrt.inlumen.com/bin/story?St...ubKbmZa0yJC4nZu
I'd say it would be bullish except the elections and "windfall profit" taxes just seem they have become front row for a reason to sell these things off.
http://www.amtdrt.inlumen.com/bin/story?St...ubKbmZa0yJC4nZu
I'd say it would be bullish except the elections and "windfall profit" taxes just seem they have become front row for a reason to sell these things off.
HMY has lots of earnings news.
http://www.amtddj.inlumen.com/bin/djstory?...uaebqLqWmdeYmty
http://www.amtddj.inlumen.com/bin/djstory?...uaebqLqWmdeYmty
ADM doubles earnings estimates
http://www.amtddj.inlumen.com/bin/djstory?...yuaebqLqWmdi5nJ
I would think PEIX shot up soon for a minute at least.
http://www.amtddj.inlumen.com/bin/djstory?...yuaebqLqWmdi5nJ
I would think PEIX shot up soon for a minute at least.
Hey wyndy, VNO out with earnings!
WOW!!! LMAO!
DJ Vornado Realty 3Q EPS 76c Vs 19c >VNO
http://www.amtddj.inlumen.com/bin/djstory?...uaebqLqWmdq0mdi
WOW!!! LMAO!
DJ Vornado Realty 3Q EPS 76c Vs 19c >VNO
http://www.amtddj.inlumen.com/bin/djstory?...uaebqLqWmdq0mdi
SHLD upgraded by GS
http://www.amtddj.inlumen.com/bin/djstory?...yuaebqLqWmdmYmZ
http://www.amtddj.inlumen.com/bin/djstory?...yuaebqLqWmdmYmZ
VZ downgraded by UBS
http://www.amtddj.inlumen.com/bin/djstory?...uaebqLqWmde4mti
http://www.amtddj.inlumen.com/bin/djstory?...uaebqLqWmde4mti
Possible dead cat bounce play on AVNR. Getting tomahawked pre-market on bad FDA news.
OIH below 130 ain't looking so hot but it should have pretty good support there imo.
Gold and silver just broke supports.
QUOTE(Tzu @ Oct 31 2006, 08:00 AM)
Gold and silver just broke supports.
Where are your supports?
Good Morning!
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Welcome to Intraday Stool! Thanks to aussiebear for her daily opening!
You can join the discussion by registering (PG rated user names only, please) and posting here as well. Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. To keep out spammers and scammers, I'll send you an email with a few Monty Python type questions. Just reply with your answers, and I'll approve your registration as soon as I receive your reply.
If you have questions about how to register and post, use the Help link in the menu bar at the top of the page.
If you know others who might be interested in joining us, use the email to a friend link above the thread.
Many tanks for joining us!
Doc
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QUOTE(potatohead @ Oct 31 2006, 09:08 AM)
QUOTE(Tzu @ Oct 31 2006, 08:00 AM)
Gold and silver just broke supports.
Where are your supports?
natural numbers
600 and 12
QUOTE(Tzu @ Oct 31 2006, 08:12 AM)
QUOTE(potatohead @ Oct 31 2006, 09:08 AM)
QUOTE(Tzu @ Oct 31 2006, 08:00 AM)
Gold and silver just broke supports.
Where are your supports?
natural numbers
600 and 12
Dec gold 602.10
Dec silver 12.065
I do not see a break unless you are looking at spot. Looks like DEc Gold pulling back to the breakout of the daily trand line, very bullish, hourly chart look good
QUOTE(alceringa @ Oct 31 2006, 08:57 AM)
Possible dead cat bounce play on AVNR. Getting tomahawked pre-market on bad FDA news.
I missed 4.12 by a couple trades.
Bought at 4.37 when the volume hit.
Nice find. Great support area it bounced off of.
WSE Pro subscribers- In case you missed it, the Precious Metals update is posted. The Dollar report, and Yield report will be up a little later this morning.
QUOTE(potatohead @ Oct 31 2006, 09:14 AM)
QUOTE(Tzu @ Oct 31 2006, 08:12 AM)
QUOTE(potatohead @ Oct 31 2006, 09:08 AM)
QUOTE(Tzu @ Oct 31 2006, 08:00 AM)
Gold and silver just broke supports.
Where are your supports?
natural numbers
600 and 12
Dec gold 602.10
Dec silver 12.065
I do not see a break unless you are looking at spot. Looks like DEc Gold pulling back to the breakout of the daily trand line, very bullish, hourly chart look good
I guess kitco is wrong again? The charts show them lower.
I have a bad feeling about the longs. Heading into the office now. Hope they don't tank. Nice burst of steam but don't know if this is sustainable.
DJ Fed Accepts $9 Bln In Overnight RPs
Type of transaction: Overnight RPs
Total accepted: $9 Bln
Total submitted: $48.55 Bln
Agency Collateral Operation
Total accepted: $5 Bln
Total submitted: $13.95 Bln
Stop-Out Rate: 5.33%
Weighted Average: 5.33%
High-rate submitted: 5.33%
Low-rate submitted: 5.26%
Treasury Collateral Operation
Total accepted: $4 Bln
Total submitted: $27.65 Bln
Stop-Out Rate: 5.3%
Weighted Average: 5.3%
High-rate submitted: 5.3%
Low-rate submitted: 5.25%
Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $6.95 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.32%
Low-rate submitted: 5.27%
Type of transaction: Overnight RPs
Total accepted: $9 Bln
Total submitted: $48.55 Bln
Agency Collateral Operation
Total accepted: $5 Bln
Total submitted: $13.95 Bln
Stop-Out Rate: 5.33%
Weighted Average: 5.33%
High-rate submitted: 5.33%
Low-rate submitted: 5.26%
Treasury Collateral Operation
Total accepted: $4 Bln
Total submitted: $27.65 Bln
Stop-Out Rate: 5.3%
Weighted Average: 5.3%
High-rate submitted: 5.3%
Low-rate submitted: 5.25%
Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $6.95 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.32%
Low-rate submitted: 5.27%
QUOTE(Tzu @ Oct 31 2006, 08:59 AM)
OIH below 130 ain't looking so hot but it should have pretty good support there imo.
Panic selling, could be bottom of some kind soon, probably today or tomorrow: Cramer said not to buy energy until next Wed.
QUOTE(linrom @ Oct 31 2006, 09:57 AM)
QUOTE(Tzu @ Oct 31 2006, 08:59 AM)
OIH below 130 ain't looking so hot but it should have pretty good support there imo.
Panic selling, could be bottom of some kind soon, probably today or tomorrow: Cramer said not to buy energy until next Wed.
All lot of support will vanish next Wed ... you silly Cramer, you done it again
This feels like it could get interesting.
I guess the feeling was right. Should have booked the profits before heading out but a little pressed for time this morning.
QUOTE(linrom @ Oct 31 2006, 07:57 AM)
QUOTE(Tzu @ Oct 31 2006, 08:59 AM)
OIH below 130 ain't looking so hot but it should have pretty good support there imo.
Panic selling, could be bottom of some kind soon, probably today or tomorrow: Cramer said not to buy energy until next Wed.
Two weeks ago, Krammer said to short the OIH at 127. It rose 12 points in a week. Then he said the bottom was in and that you had to buy oilers. The OIH dropped 9 points in a few days. Now he says buy OIH again. Trading based on Krammer's s/t advice is highly hazardous to your financial health.
Given that the Oct 26-Nov 6 period (and esp. Oct 28-Nov 3) is the most bullish timeframe of the year, this action is pretty dang weak. Still expect a big green candle at least one day this week if the positive seasonality is going to manifest. This period has been green in 27 of past 29 years.
That said, there's been very little this year that has followed the conventional path.
That said, there's been very little this year that has followed the conventional path.
QUOTE(dmm742 @ Oct 31 2006, 10:18 AM)
QUOTE(linrom @ Oct 31 2006, 07:57 AM)
QUOTE(Tzu @ Oct 31 2006, 08:59 AM)
OIH below 130 ain't looking so hot but it should have pretty good support there imo.
Panic selling, could be bottom of some kind soon, probably today or tomorrow: Cramer said not to buy energy until next Wed.
Two weeks ago, Krammer said to short the OIH at 127. It rose 12 points in a week. Then he said the bottom was in and that you had to buy oilers. The OIH dropped 9 points in a few days. Now he says buy OIH again. Trading based on Krammer's s/t advice is highly hazardous to your financial health.
Actually one would have done quite well if one did the exact opposite of what he suggested.
QUOTE(dogsie @ Oct 31 2006, 08:23 AM)
QUOTE(dmm742 @ Oct 31 2006, 10:18 AM)
QUOTE(linrom @ Oct 31 2006, 07:57 AM)
QUOTE(Tzu @ Oct 31 2006, 08:59 AM)
OIH below 130 ain't looking so hot but it should have pretty good support there imo.
Panic selling, could be bottom of some kind soon, probably today or tomorrow: Cramer said not to buy energy until next Wed.
Two weeks ago, Krammer said to short the OIH at 127. It rose 12 points in a week. Then he said the bottom was in and that you had to buy oilers. The OIH dropped 9 points in a few days. Now he says buy OIH again. Trading based on Krammer's s/t advice is highly hazardous to your financial health.
Actually one would have done quite well if one did the exact opposite of what he suggested.
And i did. Not because of Krammer though. It was just what i was seeing. Having Krammer take the opposite view was merely icing on the cake.
It is still October, everyone looking up, widely known the election is propping the market the, the surprise is a big drop. Seems everthing has been exact opposite of the norm.
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