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

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










http://www.kitco.com

Energy futures

On a much-needed downer today. All Ords -0.5% with only a couple of green sectors, Energy +0.3% and Healthcare +0.6%. Materials is down the most, -0.9%.

The miners doing a dip: BHP -0.8% and RIO -1.22%. The golds are all down on light volume.

Oils have perked up today: Woodside +0.8% and Santos +0.9%.

Asia tentatively up...

Australia's Employment Unexpectedly Falls; Jobless Rate 4.6%

Nov. 9 (Bloomberg) -- Australian employment unexpectedly dropped in October as manufacturers shifted operations offshore, snapping a five-month run of jobs growth.

Employment fell 32,100 after gaining a revised 30,000 in September. The jobless rate slipped to 4.6 percent from 4.8 percent as fewer people sought work, the Bureau of Statistics said today in Sydney. The median forecast of 24 economists surveyed by Bloomberg News was for 7,500 new jobs and an unemployment rate of 4.8 percent.

The worst drought on record and rising interest rates may sap growth in the Asia-Pacific region's fifth-largest economy, curbing employment. Still, the jobless rate is at a 30-year low and is stoking wage increases and inflation even as the economy's 15-year expansion cools. The Reserve Bank of Australia has raised interest rates three times this year to stem inflation.

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

N.Z. Jobless Rate Rises to 3.8% as Hiring Stalls

Nov. 9 (Bloomberg) -- New Zealand's unemployment rate rose in the third quarter as companies shed workers, adding to signs record- high interest rates are slowing economic growth. The nation's currency fell.

The jobless rate increased to 3.8 percent from a record-low 3.6 percent in the second quarter, Statistics New Zealand said in Wellington today. Employment fell by 9,000 jobs.

A few buyers trickled in towards close but not enough to make much of a difference. All Ords finished -0.5% with Healthcare still leading, +1% and on the downside, Telecom took the honours, -1.4%. Financials also took a hit, -1%.

In the miners, RIO turned around to close +0.1% and BHP came off its lows, -0.3%. The golds came in around the -1% mark.

The oils continued to climb: Woodside +0.9% and Santos +1.7%.

A mixed bag in Asia ranging from Nikkers -0.5% to Honkers +0.7%.

Over to UK/Europe:







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

alceringa, how about IMAX today? It has been crushed. Down 15%. Got hacked afterhours. It has strong support at 4. It is currently at 4.07.
I think movies were really popular during the depression. A nice escape from reality. I wouldn't think this was a sector that suffered during tough times. Just the people at the snack bar will hurt as people will sneak in cokes instead of paying 4.50 for one.
Whoever thought of super high prices at the snack bar was a genius. People accepted it.
Oh, not that I would buy this garbage ltbh! Just the "pop" trade.
[attachmentid=72057]
or JUPM down 25% after the close.
[attachmentid=72056]

Only about 130% volume on the day for both total. I like IMAX the best. At least we have heard of it.

How come nobody has been posting charts with massive resistance that could implode 25% if we collapse from here? It would be the perfect opportunity to catch a top print.
Actually, seems we go in a range after next week. People will probably Dorsett the market back and forth for 2 months as the battle lines are drawn.
If we do not have a solid breakout and Dorsett all over the place from here I am just going to trade QLD and QID. It had enough range in both directions yesterday to pull off 2 or 3 trades. The swings seemed pretty basic using regular indicators on the intraday basis yesterday.

5:30 am central.
After an early morning coffee binge, the boys at UBS get ready to start dumping positions at the open on CSCO for 7% gains.

Cisco Systems Upgraded To Buy From Neutral At UBS
http://www.amtddj.inlumen.com/bin/djstory?...10aebqLqWmdi0nJ

"We are going for the homerun breakout Bob."
"Mine as well game this and try to look like champions if things break out."
"In the meantime, get ready to distribute those 10 million shares."
"Don't forget the options gaming when we make the daily moves."

SIRI cut to peform at Wachovia. Those shmoes.
You should have seen the CEO on Mad Money last night. The guy is at least exciting.
I'm selling. Mine as well go for maximum momo elsewhere. It performed like crap yesterday but the end of the day recovery is suspicious.
http://www.amtddj.inlumen.com/bin/djstory?...0aebqLqWmdmWmdi

PMCS.
PMC-Sierra: SEC Starts Informal Inquiry Over Stk Options

Lowe's Cut To Hold From Buy At Stifel Nicolaus >LOW
http://www.amtddj.inlumen.com/bin/djstory?...0aebqLqWmdmWntG

Who the freak are these guys? What would it take for us to start a TA chop shop?
LOW raised to "Pigshank"at Wilbert & Co.

Goldcorp Upped To Sector Outperformer By CIBC >GG

CIBC?

Gold To Hit $850/Oz Within Next 2 Years - Goldcorp CEO
http://www.amtddj.inlumen.com/bin/djstory?...0aebqLqWmdi5nZG
LONDON (Dow Jones)--Gold prices will hit a new record high of $850 a troy ounce within the next two years as continued strong demand for commodities from China offsets a slowdown in U.S. economic growth, chief executive of Vancouver-based gold producer Goldcorp Inc. (GG) said Thursday.

And gold will also benefit from a depreciation of the U.S. dollar, a key driver for gold as it tends to be negatively correlated to the precious metal, Ian Telfer added.

"We're close to the middle of the commodity cycle and strong demand growth will continue. There are few large gold mines coming on stream," Telfer told delegates at the RBC Capital Market Gold Conference in London.

Looks like this guy has the same thoughts as many here.

Oh wow. This is not good for the miners.
Not sure how much this is "company specific"

Newmont '07 Gold Output Cost To Rise To $370/Oz,+25%-CFO
http://www.amtddj.inlumen.com/bin/djstory?...0aebqLqWmdm0ndG

CSCO up 9.3%.

A move above resistance here could lead to 35.

Sudden jump in Gold.



Cisco CFO Sees Fiscal Year Sales At High End Of Range
http://www.amtddj.inlumen.com/bin/djstory?...0aebqLqWmdqWmtK

Gift Cards To Surpass Toys In Popularity This Year-Survey
http://www.amtddj.inlumen.com/bin/djstory?...0aebqLqWmdm5oty

No wonder these are skying

Fannie CEO: Administrative Costs Rose "Dramatically"



Some news just came out on TRE then was pulled before I could check it.

Here come the miners. Looking to buy TRE if it breaks out.

IMAX-

Buy the movie tickets, not the stock.

Might be good for a small scalp, but needs to get a 60-75% haircut, at least, premarket to make it worthwhile, IMO.

Anybody see "Fires of Kuwait"?

The opening scene in that movie might well be the most awesome, dramatic piece of documentary film ever shot.

Sat center screen, 3 rows back for that. Truly awesome scene.

This must be a serious upmove
Kitco is down
Officer down

No clue why JNPR is taking off but liking the gains.

Bought BRCM.

QQQQ not confirming here?

Oil back over 60 this morning.



Just heard that gridlock is not good for biotechs because they need funding.

Bought BRCM. Limit on TRE.

Russ Winter has a couple of interesting new posts in his blog this week. Guess he's not so busy in Turkey.

http://wallstreetexaminer.com/blogs/winter/

Good Morning!

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


Try the Professional Edition risk free for thirty days. Click here for more information.

NEW! Unbundled subscription service packages starting from as low as $39! Subscribe NOW!

DJ Fed Accepts $11 Bln In 13-Day RPs

Type of transaction: 13-Day RPs
Total accepted: $11 Bln
Total submitted: $82.6 Bln

Agency Collateral Operation
Total accepted: $1 Bln
Total submitted: $27.75 Bln
Stop-Out Rate: 5.27%
Weighted Average: 5.27%
High-rate submitted: 5.27%
Low-rate submitted: 5.23%

Treasury Collateral Operation
Total accepted: $10 Bln
Total submitted: $34.6 Bln
Stop-Out Rate: 5.23%
Weighted Average: 5.24%
High-rate submitted: 5.24%
Low-rate submitted: 5.19%

Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $20.25 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.27%
Low-rate submitted: 5.25%

I like the market action premarket as my longs are looking up. No clue on today. Woke up early to have my wheels rebalanced. Spent 4.5 hours on Sunday waiting to get new tires and one of them threw a weight on Monday.

Was carpet bombed with Home Depot and Tweeter ads on the radio on the way in.

My home internet service is still out.

I'm not buying TRE as I have enough other stuff. Jickass will tell me that you can never
have enough other stuff like TRE but he hasn't been around lately.

May pick up a little ISIS this morning. rmcranie trading suggestion.

Well, ISIS is up 10% premarket. So I guess I'm not buying that. I'll have to
look at his other picks from yesterday.

CIBC - Canadian Imperial Bank of Commerce

RBC - Royal Bank of Canada

Two of the only 5 or 6 Banks that exit in Canada - closed shop / monopoly

Microsoft Gates Cautions On Return Of "Internet Bubble"

Microsoft Gates: Competitors Tried To "Castrate" Vista
http://www.amtddj.inlumen.com/bin/djstory?...0aebqLqWmdyZmJK

Was that Kreamer?

Cheez, I'm dong ISIS.

Hate it when he mucks with a stock. Blows all the S/R analysis away for a couple of days.

This guy is the most successful trader that I personally know. Plays with
eight or nine figures and just does it for fun. Windy and Buddha have known
him for a long time.

Chambers on Crapvision in a moment.

7% volume pre-market on PEIX
6% JNPR
22% CSCO

*DJ Greenspan: Globalization Is A Force For Economic Good

LUKE, listen to the DARK SIDE

2nd mouse gets the cheese on SIRI

Not the kind of open that I expected with some sell the good news players in there. Having a very nice day though. Miners very nice. TRE looks good here.
But I'm just holding what I have for now.

*DJ Greenspan:Commodity Prices No Big Deal For Developed Econ

I guess when you have billions in an offshore account who cares about prices

$8 b in 1-day, $11b in 13 days. That's less than the drain if my memory
serves me from yesterday's post by Doc.

*DJ Israel PM: Gaza Artillery Strike On "Technical Failure"

DJ Fed Accepts $8 Bln In Overnight RPs

Type of transaction: Overnight RPs
Total accepted: $8 Bln
Total submitted: $49.95 Bln

Agency Collateral Operation
Total accepted: $219 Mln
Total submitted: $11 Bln
Stop-Out Rate: 5.26%
Weighted Average: 5.26%
High-rate submitted: 5.26%
Low-rate submitted: 5.23%

Treasury Collateral Operation
Total accepted: $7.781 Bln
Total submitted: $33.85 Bln
Stop-Out Rate: 5.25%
Weighted Average: 5.25%
High-rate submitted: 5.26%
Low-rate submitted: 5.2%

Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $5.1 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.26%
Low-rate submitted: 5.24%

OIH hits it's head on the 200 dma.

HTE halted because financing news.

Moving my stop to yesterday's highs.

DJ Israel PM: Gaza Artillery Strike On "Technical Error"

JERUSALEM (AP)--Israeli Prime Minister Ehud Olmert on Thursday said the
Israeli artillery barrage that killed 18 civilians in the Gaza Strip was
caused by a "technical error."

Olmert, speaking in English, expressed regret for the bloodshed and said he
had personally looked into the cause of Wednesday's predawn artillery strike.

picked up some TRLG, becuase its 72% under fair value, and its just had bad earnings , bought at 15.65. might be a risky trade. i made the trade a little faster than i liked but well see. any thoughts on the stock.

Interesting that QQQQs are up .20 cents, yet QID (double inverse Qs) is also green by a coupla pennies.

Booked profits in the trading port. Nice morning. Sold CREE in the long-term port, still holding GG, IAG, XOM, BRK/A (another all-time high today), SLW.

Sell in May and go away is working out well. The tough part was figuring out
when to get back in. I'm slowly getting my confidence back but still booking profits fairly quickly. I've only had one moderate setback (thanks to the
Canadian tax ruling mostly which was out of my control) and a lot of small
gains and a few moderate ones.

anyone think TRLG is a good buy?

Dumped everything else as well. Not sure that I'm a true believer in the miners anymore. I'm finding that they're more fun to trade than to buy
and hold.

Hard not to have some attachment to the miners and oils.

checkWFMI should have good resistance around 52. DMM has mentioned it should end up around 30.

http://ichart.finance.yahoo.com/z?s=WFMI&t...on&z=l&p=m50&a=

LET THEM EAT CAKE!!!!!

What is this concept of "fair value"?

TRLG looks cheep at 16 P/E (10 on a fwd basis), especially after the haircut this week.

But True Religion is a fad retailer selling $200+ jeans. Fads come and go. Celebrities were ga-ga over True Religion, but those fickle folks have been known to change their minds.

TRLG has done particularly well in Japan where they loves them some expensive fad clothing. But sales in Japan are off 50%. Wowzer. That not good.

Of course, TRLG blames the sales shortfall on "warm weather." Global warming?

In my experience, anytime a retailer starts blaming weak sales on the weather, it's a big red flag. Especially a $200 jeans maker. I could see it if they made goose-down parkas. But blue jeans?

But who knows. Maybe TRLG is the next Guess. Or the next Jordache.