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

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










http://www.kitco.com

Energy futures

Up and away so far today although no new ground being broken. All Ords +0.4% with Materials leading the way +0.8% and Energy not far behind, +0.7%. Property Trusts is down the most, -0.4% but looking like it might be coming to the end of the recent pullback.

In the miners, BHP +1.1% and RIO +1.9% are probably responsible for most of the All Ords rise. The golds are hesitating with only Newmont on the rise, +0.8%.

Oilwise, Woodside +0.7% and the dippers are into Santos, +0.5%.

BOJ's Mizuno Says Weak Data Won't Deter Rate Increase

Dec. 5 (Bloomberg) -- Bank of Japan board member Atsushi Mizuno said weak economic data won't prevent the central bank from raising the lowest interest rates among major economies.

``Quite a lot of economic indicators released recently were unimpressive,'' said Mizuno, according to a transcript released on the bank's Web site today. ``But it's not like we can't raise the policy rate until all economic indicators become strong.''

Bank of Japan Governor Toshihiko Fukui last week said a rate increase is ``unavoidable'' to prevent excessive investment and asset-price bubbles and sustain the country's longest postwar economic expansion.

Australian Economy Grows at Slowest Pace in 3 Years

Dec. 6 (Bloomberg) -- Australia's economy grew at it slowest pace in three years as business spending dropped and the nation's worst drought in a century cut farm output.

Gross domestic product rose 0.3 percent from the second quarter when it expanded a revised 0.5 percent, the Bureau of Statistics said in Sydney today. The median estimate of 22 economists surveyed by Bloomberg News was for 0.4 percent in the three months to Sept. 30.

A slowing economy, in part triggered by three interest-rate increases since May, prompted the central bank to keep its benchmark rate unchanged today. Export growth, driven by an earlier spending boom to increase mining output, may help prolong Australia's 15- years of economic expansion as drought more than halves the nation's wheat crop.

EU Wants Labor Standards in Trade Accords With India, S. Korea

Dec. 5 (Bloomberg) -- The European Union, seeking to promote safe working conditions and guard against child labor, wants work clauses included in its planned trade accords with India, South Korea and the Association of South East Asian Nations.

The EU must ``think carefully about how we can put decent work at the heart'' of its agenda ``and the next generation of our bilateral negotiations,'' Trade Commissioner Peter Mandelson told a conference in Brussels today, according to the text of a speech e-mailed by his office.

Some developing countries opposed a U.S. attempt to incorporate ``core labor standards'' in any new WTO accord under the Clinton administration. Those nations also forced the EU in 2003 to drop its call for global investment or environmental standards through the Geneva-based WTO.

Looks like Western Australian real estate in the sea change/tree change areas has ground to a halt with inventory building but prices still very high. Most potential buyers would be priced out now and some of these areas have a limited economy.

Locally (Kalgoorlie-Boulder) things are still humming along in real estate and economically speaking. Investors have moved in en masse as rents are an excellent return on prices paid for property with many of the latter still available for less than $A200k. Superstores are beginning to appear and there was even a Hong Kong investor here recently scooping up bargains in both commercial and residential property.

The rental market is exceedingly tight although rents have remained static probably due to investors negatively gearing for tax purposes. A new golf course designed by local golf champion, Graham Marsh, has been embarked on which means the two smaller, older golf courses will be released for housing purposes, about 700 lots in all, over a period of five years. Not sure how that will affect the RE market.

Rundown places, like this little charmer on a quarter acre block, will probably be redeveloped as a multiple building site:



Bulldozer fodder...

Okay, back to the top of the trading range today. All Ords did a reasonable spurt, +0.7% and most sectors benefited. Telecom moved into the lead, +1.9% followed by Energy +1.2%. Consumer Staples took bottom place, -0.3% and Healthcare was flat.

The big miners continued to steam up: BHP +1.5% and RIO +2%. In the golds, Newcrest was the only loser, -0.8%, Lihir +0.6% and Newmont +0.5%.

In the oils, Woodside kept on climbing, +1.7% and Santos bogged down at +0.6%.

A bit of a mix over in Asia, ranging from China -2.6% to Taiwan +1.1%.

Over to UK/Europe:







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

my broker wanted me to take this ipo earlier this year.....luckily i stayed far away.now at an all time low........


17.50 to 6.50 in 6 months.I guess the world can live without water...

Don't say you didn't see it here.........second.
NASA Schedules Briefing to Announce Significant Find on Mars...
http://www.traders-talk.com/mb2/index.php?showtopic=63468




Could it actually be water on Mars?



You guys missed one heck of a show last night. Whew! Even the old fogies on Crapvision yesterday were howling at Adrianna. All of them. On the floor you could see people stacking on top of each other to catch a peak.
Guess who that was ringing the bell?
You got it.
Adrianna.
Gotta love it!
Double apples.
Alessandra was on fire. Not sure what the blonde girls name was that stuck out. She was unbelievable.You know, the one that you could pick out of a crowd of 10,000....
Gotta love VCD's.

Must be nice to be Justin Timberlake and have all the girls praising you back stage.
Just take your pick Justin. You were the smartest guy on the planet for kicking Britney to the curb and all that backward gator lover stuff. Even Adrianna said she wanted to be the one holding his hand on stage.....

Killer add from the ladies about nobody buying them lingerie for christmas ever. I bet the stores get pounded tomorrow as if people were trying to pick up a Playstation 3 at Wal-Mart after Thanksgiving!

What's that??

A plane???

Stairs??

High on Drugs????

Just figured out the next advertising trend.
Take your favorite series like Seinfeld. Imagine Cramer passing a bus with advertising on the side.
Imagine them being able to change the advertising in the future for reruns....certain things would work great.
Just think how much extra dough could have been pumped out of the X-Files. I recorded the series awhile back and must have gotten 20 episodes in a week recorded....all different.

The U.S. Dollar is recovering a little today from the previous last weeks absolute hammering. We sold Sterling in the European morning session. Our entry on the short sale was 1.9690. We covered half our position at 1.9640 and have now placed a stop on the remainder at 1.9740. We are now playing with the casino's money as we're in a position where we can't get hurt. Cable would have to print a new high of the day in order to stop us out. Our target on this trade is 1.9460, which is the 38.2% fib retracement of the last leg up. The risk on the trade has been eliminated and the reward is 230 pips on half a position.

Ouch!!! Having spent the better part of six years at Temple, that would be hard to do.



There are several silver stocks in the screen list. They do pop up as buys from time to time, and they have occasionally been featured as a Chart of the Day. I try to pick them as they are emerging from troughs, not in mid move.

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


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Not getting any better for the rural areas.

Most of south eastern Australia is tinderbox dry. 40+ lightning caused bushfires have been burning for a week in the Australian Alps area. Every available firefighter is working the fire lines. Reserves are not available to join in because of fire danger in so many other areas.

With scorching hot weather and strong winds in the weekend forecast, state fire officials have asked for help from New Zealand, Canadian and American fire crews.

Satellite image courtesy of theage.com.au. White stuff is snow pack. Red circles show the major fires.

If we do actually get the long awaited pullback, everyone here should be assigned seperate sectors to not only see what holds up the best BUT who is still wearing clothes when the tide goes out.

Sell miners.
Buy the dip on techs.
imo.

Long idea.... CROX....expecting new highs if retailers show strength here. Looking good this morning although assuming it may go down some here.
New IPO. Momo potential. Nice strength. Downside is the large red volume spike when it topped so volume is important still.

Don't forget the 2003 runup days on low volume. QQQQ averaged 75-80% volume the last 2 days. Pull up a volume by price chart on JDSU during the bubble and I think this point is made clear. Most people missed selling the runup or the decline so just watch paper profits take off huge then watched them dissapear later.
Then they started losing savings which wasn't worthless paper. It was their retirement time going down the toilet.
At this stage I would expect downside volume to be more important than the upside volume.
There is nothing more important than the dollar right now. imo.

Oh and
Go FCEL!!!! No way the hedge funds don't have this in their targets for a 40% runup soon. Unfortunatley you might be down 20% before it happened...perfect setup for the pigmen to make max profits and gun this POS big time in short order.
Same with SYNM. I can already see the pigmens next move if they play the volume card.
What other sector looks better?

FCEL in nasty downtrend. Looks like it's going to 5.

Steve Northwood feels the alternative energy stocks are a bubble that will get busted again. He says the world is still awash in fossil fuels that the energy companies can easily produce with massive profit margins even at reduced levels.

Sweet! I have 100 shares. Might cost average. Just a low grade gamble that hopefully pays off big in the next 5 years on some pigmen spike up. Can't even tell if it is up or down in the portfolio. Same with SYNM. Just some options with no expiration for entertainment while the majority of the port rides QID for the retrace.

What about JBLU. If oil tanks it seems it will do well...

Nailed SIRI bottom target to the penny.

GLW.......strong!


LMAO
Nice needle McQueen on QQQQ. This market is strong. The boyz will have to fake out some more selling than that to get a decent pullback.

My target entry for RIC is 2.50. Bought 100 shares. Forgetting about them.
Selling QID on the QQQQ retrace.

DJ Fed Accepts $10 Bln In Overnight RPs

Type of transaction: Overnight RPs
Total accepted: $10 Bln
Total submitted: $27.8 Bln

Agency Collateral Operation
Total accepted: $1.182 Bln
Total submitted: $6.2 Bln
Stop-Out Rate: 5.27%
Weighted Average: 5.27%
High-rate submitted: 5.28%
Low-rate submitted: 5.24%

Treasury Collateral Operation
Total accepted: $8.477 Bln
Total submitted: $17 Bln
Stop-Out Rate: 5.26%
Weighted Average: 5.27%
High-rate submitted: 5.29%
Low-rate submitted: 5.24%

Mortgage-Backed Collateral Operations
Total accepted: $341 Mln
Total submitted: $4.6 Bln
Stop-Out Rate: 5.29%
Weighted Average: 5.29%
High-rate submitted: 5.29%
Low-rate submitted: 5.26%

Think I'll hold that QID....

tzu, what ur avg price on qid?

Come here little bear....

I've got a delicious treat for you....

Don't worry, I won't hurt you.....

Ok, search for the second best sector. #1 is off limits.

Bought PEIX for another trade

40% of portfolio is in QID at 51.90

Just stopped out as we speak for nice gains. Held up longs like a champ and did its job. Plus 100 share options are paid for....

load the shotgun...........

like shooting bears in a barrel......

BOOM!!

That's nasty. Wish they'd do that to gold and silver every day.

bear humiliation palpable.............

pr&-'jek-sh&n is that was low of the day
With that said, Oil due any minute so let the shanking begin.

well oil didint get shanked. opil setting up for a big short play on xle and oih

Hope some jumped on the GLBL. Good volume coming in this morning.

SAN FRANCISCO (MarketWatch) -- The American Petroleum Institute reported a drop of 4.1 million barrels in crude supplies for the week ended Dec. 1. The Energy Department had reported a fall of 1.1 million. Motor gasoline supplies were up 674,000 barrels, the API said, contrary to the government's reported fall of 1.1 million. Distillate supplies were down 1.5 million barrels, the API said, vs. the 400,000-barrel fall reported by the government.

CBS Marketwatch

http://www.marketwatch.com/news/story/api-...8C0267BF3E2E%7D

think ill sell my RL dong to some dumb bears as it is goin space needle..

I wouldn't short any energy. OIH making higher highs and higher lows for weeks.

Well, this morning should have well taken care of all the Buy stops, and half the sell stops. That's why I don't use them often.

Beautiful, PIG man XMAS

Interesting site:

http://www.housingtracker.net/

My pal let me adjust her airline 401k. Removed her from regular stock markets and put her in overseas (u know those funds they list). China, India, Korea. Put her in natural resources...trees, oil, minerals, etc. Left 30% in bonds and some money markets. Will try it until the end of January.

was surprised to see inventory number for San Francisco @ 13K. SF both city and county has a population of 751K. compared to San Jose with 5.5K inventory and a population 900K

It may take some time to break out, Santa may also be looking to go on holiday

[attachmentid=73328]

It's time to short this pig.

10 min chart

For sure. It's good to be a PigMan with such easy pickins'.

[attachmentid=73330]

24 users, hmmm. Must be a top, the one Doc caused yesterday playing his Marche Slave.

Spooz building some uglee neg div on the dailies since late Oct.

This hasn't been a good thing for the SPX for the past four years. We saw it at the 1Q04 top and again at the Jan05 top and the Mar05 top. Also saw it from Nov-Jan06, altho the SPX only fell 3% before re-rallying in chopping fashion another 2.5% to the May06 top.

SPX also closing in a on key chart number from back in 1999: 1420. This was the spike high in July99, after which the SPX fell sharply to 1233 by Oct99, before re-rallying to the Mar00 top.

Don't expect the SPX to take a tumble of that nature at this juncture, given the seasonality and a variety of other factors. But the SPX has paid homage to key levels all the way up since 2002, so 1420 could be a tuff nut to crack first go round. Could easily see a reaction.

Also, SPX at RSI 72 on the weeklies. First time over 70 since early 2004. So the combination of neg div, key number resistance and overbought status could be troublesome for Spoozer right here.

I still have higher targets in mind, but I don't see them being reached for 2-3 months. Plenty of time for a sharp selloff followed by a boner rally. Last year, we had a slow-creep to a top from Jan-May (four months). Will we get the same pattern this year or will Da Boyz go to a different playbook? Stay tuned.