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

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










http://www.kitco.com

Energy futures

Currencies/Au/Ag

An interesting session in the US but here it's still dull and boring with All Ords -0.2%. Most sectors are down to some degree with Energy down the most, -1.6%. Out of the three greens, Consumer Staples is up the most, +0.3%.

Miners are generally down: BHP -0.3% and RIO -0.6%. In the golds, Newcrest is flat with the others in the red.

The oils are also down: Woodside -1.5% and Santos -0.5%.

Another round trip day although I have to say the action was quite bullish. All Ords closed flat with Energy retaining the downside lead, -2% followed by Telecom -1.3%. Quite a few sectors were green albeit none with huge gains: Consumer Staples and Financials +0.5% and Utilities +0.4%.

In the miners, BHP managed to crawl back into the green, +0.2% and RIO finished -0.3%. The golds: Newcrest +0.4%, Newmont -0.7% and Lihir -1.4%.

Oils were firmly down: Woodside -2.1% and Santos -1.4%.

Asia is mixed ranging from China +1.9% to Sth Korea -1.7%.

Over to UK/Europe:







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

RESISTANCE...IS...FUTILE..

Jan. 19 (Bloomberg) -- McDonald's Corp. said half of its 100 new restaurants in China in 2007 will be drive-through outlets, in a move to catch up with Yum! Brands Inc's KFC unit in selling fast food to the world's fastest-growing vehicle market.

McDonald's golden arches signage will be seen at 30 Sinopec gas stations in eastern China in the next 18 months, while the remaining 20 will be linked to other retail chains, the company said.

Switzerland, Foreign Millionaires' `Paradise,' May Raise Taxes

Jan. 19 (Bloomberg) -- Switzerland, which has attracted millionaires from Ikea founder Ingvar Kamprad to ex-Formula One champion Michael Schumacher, may raise taxes on rich foreigners after French singer Johnny Hallyday's move to the Alpine nation sparked criticism on both sides of the Franco-Swiss border.

Foreigners with no local income pay tax according to their spending on rents or mortgages. Finance ministers from the country's 26 regions will meet today in Bern to discuss revising the system, said Kurt Stalder, who oversees the conference. If approved, taxation on 3,600 residents could more than double.

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. If, within that time you don't find the information helpful, I'll give you a full refund. It's that simple!Click here for more information.

Euro with aborted launch attempt last night....will be watching this one real closely from here on out, a dooozy of a move should be just ahead...

Copper still pinned right at 2.50...

Should make up it's mind pretty soon now...

Dow futures holding up awfully well considering premarket indications...

http://wallstreetexaminer.com/trading/inde...indpost&p=26964

Backtest of YM 12600 should be the tell here...

DJ Fed Accepts $2 Bln In 3-Day RPs

Type of transaction: 3-Day RPs
Total accepted: $2 Bln
Total submitted: $36.1 Bln

Agency Collateral Operation
Total accepted: None
Total submitted: $12.25 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.23%
Low-rate submitted: 5.19%

Treasury Collateral Operation
Total accepted: $2 Bln
Total submitted: $16.85 Bln
Stop-Out Rate: 5.2%
Weighted Average: 5.2%
High-rate submitted: 5.21%
Low-rate submitted: 5.15%

Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $7 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.23%
Low-rate submitted: 5.21%

can someone post a 1 year chart on copper? that would be great.

No sweat on MBS.

Boost Exposure to U.S. Mortgage-Backed Securities

12:34:00, January 18, 2007

http://www.bcaresearch.com/public/story.as...RE-20070118.GIF

PDS cuts dividend by 39%...
thank god i bailed yesterday.

Dumped my QLD at the open and switched over to QID....let's see if it works...

Gold and Silver near end of short term wedgie...should be a decent move on deck...

Today is the most blatant index prop I've seen in a long time.

I wonder when Captain Kirk is going to announce he has taken a position in Ford? This thing just keeps creeping up everyday.

QID still pushin' 52.75

Looks like Crude should find at least a bounce around the 47-48 area, Getting close.

RUT futs new low fur da move off the top...

CONfidence

Are we at the bottom? Ten year now at 4.77%

Foreclosure lists near 1989 record

Adjustable-rate loans and consumer debt are blamed


08:08 AM CST on Friday, January 19, 2007

By STEVE BROWN / The Dallas Morning News

Dallas-Fort Worth home foreclosure postings are still growing – fueled by higher payments on adjustable-rate loans and rising consumer debt.

The latest statistics show that pending foreclosures in Dallas County are 12 percent higher than a year ago and foreclosure postings are up 16 percent in Tarrant County.

http://www.wfaa.com/sharedcontent/dws/bus/...1.1cbec53.html#

Its not that surprising to see this bit of strength this morning based on how the stock futures were trading last night after IBM's earnings, they were barely below FV.

have we entered the era of the bull suckin?

One of the biggest Tech scams weeks. Semis will finish as the best sector in the market for the year. This is almost a given.

really likin crude holdin the 50yd line, money and news flow was extreme

IBMs' impact on the Dow is a whopping 33.65 points.

How long before this becomes OFFICAL.

Fannie Mae, Freddie Mac still have huge financial problems, regulator says


By Marcy Gordon
ASSOCIATED PRESS

2:30 p.m. January 18, 2007

WASHINGTON – Fannie Mae and Freddie Mac have made progress toward correcting financial weaknesses, but tight government supervision is needed as the mortgage giants emerge from accounting scandals, a federal regulator said Thursday.
James B. Lockhart, director of the Office of Federal Housing Enterprise Oversight, also disclosed that Fannie Mae, which just last month announced a restatement of $6.3 billion in profit for 2001 through mid-2004, had a loss in the third quarter of 2006. He did not specify the amount of the loss.

http://www.signonsandiego.com/news/busines...gagegiants.html

Fierce battle for YM 12600 rages on...whoever eventually wins should rule fur a bit..

This market refuses to fold. Just incredible strength.

S&P up 2 points!!!

The latest in the new of world of make a payment when the urge strikes you.

YIELD SIGNS: REAL ESTATE

12MoDef -- hip hop for a U.S. housing bubble on the edge

HARRY KOZA

E-mail Harry Koza | Read Bio | Latest Columns
I've been flogging the U.S. housing bubble horse for several weeks now and was planning to rant about oil this week for a change, but then I saw the latest new wrinkle in mortgage financing and just couldn't let it slide.

I must say, I thought I'd seen it all; that just about every possible permutation of the stodgy old home mortgage had already been invented. I doubtless forgot for a moment that this is a market bubble and, as we bubble semioticians like to say, one of the surest signs of a market bubble is the fervid proliferation of strange and exotic new financial instruments. This is a time-tested maxim going all the way back to John Law's invention of the instalment receipt during the Mississippi Bubble in 1718. You could look it up -- it's a great story.

http://www.theglobeandmail.com/servlet/sto...PStory/Business

Duffer alert! I knew this.

Folic Acid Boosts Cognition in Older Adults
01.19.07, 12:00 AM ET

FRIDAY, Jan. 19 (HealthDay News) -- Dutch researchers have added another chapter to the continuing debate over whether folic acid supplements can sharpen the aging mind. Their conclusion: The nutrient does improve cognitive function in older adults.

Forbes

Looks like the next solid support level is around $2.

RUT futs HOD...

I don't think this qualifies as the beloved bull handle....

You could smell it...

Bears got nothin' until they can break 12600....

Let's paint-em green before lunch fellas

Heck-- might as well paint a new dow high for the weekend... who needs tech when you have JNJ.

VXO, the old VIX hits 9.98. So far it hasn't been very profitable to be long the market when either of these strikes 10 or lower.

There's the big pivot....bears gotta take that out before I can get pumped for the big turn..

unwinding cramer............

Ah, at last, the reason the stock has been on the upswing....all the savings from not using the corp. jet for private use are being priced into the stock...

Hey Mark, don't forget to remove your shoes when going through security!!!!
-------------------------------

Ford exec grounded from corporate jet
Following outcry, Mark Fields, who heads Ford's money-losing North American operations, will fly commercial for weekend trips to see family in Florida.
By Chris Isidore, CNNMoney.com senior writer
January 18 2007: 2:35 PM EST

..."Suris would not comment on what class of commercial ticket Ford will buy for Fields. A check of Northwest Airlines' Web site shows the price of a round-trip first class seat between Detroit and Miami at $1,556, or about $90,000 for a full year.

The Ford proxy statement shows that Fields' use of the corporate jet for personal travel in 2005, when he was in the job for about three months, cost the company $214,479. Multiplying those costs by four to estimate the full-year expense comes to about $900,000. Suris would not say what the cost came to in 2006, although that will be reported on the company's proxy statement some time this Spring."...

Looks just a bit extended...
Hey, i'm not complaining.

When Cramer panicked everyone out of the techs, we should have bought with a vengeance.

Third day this week of directionless churning....