http://finance.yahoo.com/intlindices

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










http://www.kitco.com

Energy futures

Currencies/Au/Ag

Down today but the action is by no means bearish. All Ords -0.4% with relatively minor drops in most sectors. Telecomms is down the most, -1.5% followed by Healthcare, -0.9%. Of the three green sectors, Consumer Staples has the most gain, +1.1%.

A smallish drop on the miners: BHP -0.4%, RIO -0.6% and in the golds, Newcrest -0.3% and Newmont -1.2%.

Oils low volume: Woodside +0.5%, Santos +1.3% and Caltex -1.2%.

A bit of a rollercoaster today. All Ords closed -0.1% with a reshuffle in the sectors. Property Trusts popped into the lead, +2.2% followed by Energy +0.9%. At the other end Telecomms dropped the most, -1.8%.

In the miners, RIO went green, +0.7% and BHP remained slightly red, -0.2%. Golds remained down, Newcrest -0.9% and Newmont -1.6%.

Oils did ok, Woodside +2.1% and Santos +0.8%.

Mixed in Asia but at this stage Sth Korea is the only market with a significant gain, +1.5% with Honkers and Singers -0.7% and Nikkers -0.1%.


And on to UK/Europe:







http://finance.yahoo.com/intlindices?e=europe

Rams Turns to Australian Market After Failure in U.S.

Aug. 28 (Bloomberg) -- Australia's Rams Home Loans Group Ltd. said it will try to sell more mortgage-backed bonds in the domestic market after failing to refinance A$6.18 billion ($5 billion) of short-term debt in the U.S. this month.

The Sydney-based company plans to increase its funding from residential mortgage-backed securities in Australia to A$4.07 billion from A$3.8 billion as of June 30, it said in a statement.

Rams, which touts loans for as much as 100 percent of the purchase price of a home under the slogan ``No deposit? No worries!'' started trading its shares the same day that the risk of owning corporate bonds soared to the highest on record in the U.S. and Europe.

No Australian lender has sold mortgage-backed securities in the local market for a month as the cost of selling debt has soared, underscoring the difficulties faced by non-bank home- loan firms in financing their businesses amid the current credit crisis.

Members Equity Bank Ltd., a Melbourne-based non-bank lender, was forced to scrap a A$500 million sale of home loan-backed bonds Aug. 3 after failing to find buyers.

So U-Rope shits the bed after the Wanker Colonistas over across the 'Lantic HAD A LITTLE 14 MINUTE SELLOFF AT THE END OF THE DAY!!!!!!!!!!!!!!!

.....sounds about right.

TRE weekly log chart

wasnt that once a stoolie cult stock? Looks like consolidation pattern, will the "beleivers" buy at 4.50? Support at 4 by the 200 EMA weekly.


Chart öffnen

Low clouds here tonight which have broken right at 50 past the hour, just in time to get a glimpse of totality. Moon looks copper-ish colored.

Anybody else watching the ecllipse?

Ah, roger, captain over. Gimme a vector, victor.

Yes. the view from Jensen Beach, FL is great. However, The no-see-ums and mosquitos and such are keeping me inside and looking out the window. Clear sky and plenty dark enough.

Ok 33 past the hour local. Middle of totality. Clear skies now.

Not much light polution here in the Antepodes.

Broke out the Jason Indy 500 Signature 7x35-6.5's.

Nice view-looks like one of those Florida Valencia oranges.

ECB offered € 210 bn in 1 week money- which is a net € 65 bn drain

Still, € 210 bn is a lot of Franklins.

http://www.ecb.int/mopo/implement/omo/html/index.en.html

G'day TE!

What's shakin'

But a drain is a drain! That's the only thing that matters. The crisis is apparently easing for now, but the trend of destruction of liquidity by the central banks isn't. Those of you who recognize how earhshakingly crucial this is to our future will be ahead of the game.

Tanks for reporting that Al! Muy importante!

I get an email market letter from these guys every day. Seems important, but I never have time to read it.

http://www.dramexchange.com/

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.

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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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Had an business colleague that read the DRAM price movements like tea leaves back in the early 90's.

Only stock he traded was MU.

Dong/Short/Dong/Short...etcetera, etcetera, all based upon TA of DRAM prices.

Had gains in his trading account of +200%+ per year 5 years in a row.

Retired in '99 at age 36.

Lost almost all of it in dot com bust.

Un-retired at age 42.

Got a job as an Analcyst.

Interesting story! I would work as an Analo too, why not?

MU weekly

it never broke its 38 log fibo, now uptrend broken.


Chart öffnen

Yes, impressive. Clear skies but too many lights around to fully appreciate, should've gone bush....

Looks like another down leg in Europee after a short bounce if they don't close this in the green today.

Anyone on the site using SRS (double inverse real estate) or SKF (double inverse financials)?

DJ DATA SNAP:Euro-Zone M3 Growth Surged To Record High In July


LONDON (Dow Jones)--Euro-zone money supply growth surged to a record high in
July, signaling the need for tighter monetary policy in the currency area.

The European Central bank Tuesday said broad M3 money supply growth rose to
11.7% on the year in July from 10.9% in June.

Although the euro has only existed since 1999, a data series for M3 has been
calculated back to January 1981. The previous highest annual growth rate was
11.6% in August 1982.

The more closely watched three-month moving average for M3, which irons out
some of the monthly fluctuations, expanded 11.1% in the May-July period, up
from the April-June rate of 10.6%.

That remains well above the ECB's 4.5% reference value for the three-month
average which it considers in line with maintaining price stability.

The July figures also exceeded market expectations of 11.1% annual M3 growth
and a three-month rate of 10.9%.

Markets expect the ECB to raise the key refinancing minimum bid rate again
over the next few months, after it brought the rate to 4.00% from 3.75% June
6. However, following this month's turmoil in global financial markets, the
timing of another hike is uncertain.

The ECB has hiked interest rates by 25 basis points eight times since it
began tightening monetary policy in December 2005.


(

Good news for 'ol CIT
--------------------------

CIT Advances Home Lending Plan
Closes Origination Operations

NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE: CIT) today announced that, further to its July 18, 2007 announcement of its intent to exit the home lending business, it has closed its home lending origination operations.

As a result, consistent with the estimate previously disclosed in the Company’s Second Quarter 2007 Form 10-Q, CIT will record a pre-tax charge of approximately $35 million in the third quarter for severance and other exit costs. CIT’s loan collection and customer service activities are unaffected by today’s announcement.

Link

Is there any credence to this?


BILLIONS IN PUT OPTIONS PURCHASED BETTING THAT THE MARKET WILL CRASH BY 9-21

http://www.rumormillnews.com/cgi-bin/forum.cgi?read=108416

qqqq 3 day cycle projection 47.55.

spx 3 day cycle projection 1457-58, but still very much in flux.

hui 3 day cycle projection 312.

This was already posted and discussed on the weekend. The writer of the article is wrong though, the market doesn't have to crash in order for the option writers to make money, it just has to close on Sep 21 at a level below which the options were written.

I track them daily among the 44 ETFs that I track.

Many possibilities have been put forward. Structured Bet (meaning there's another partly offsetting position), Hedge Fun selling on the options instead of cash because of redemptions, Fund hitting the panic button locking in the year's "gains", smart money rolling a bet on a crash and the assorted tinfoil conspiracy theories like the terrorist attack claim.

spx 3 day cycle projection range now looks 1456.50-1452.50

CAT
Perfect back kiss of the neckline.

VNO
Anyone had any luck shorting this at the 50.
I tried buying the December 100 puts. The spreads were wider than grand canyon. Couldn't get fill.

spx 3 day cycle projection now looks 1452.

qqqq looks 47.40

Houston, we got a problem.

Good read if you are a bear like me. His web bots are based on linguistic patterns in the internet.

http://www.urbansurvival.com/week.htm

yes, can you smell the stank?...

fwiw, i think we close at the lows today

cheers

Gameplan for Today:

[1] Market gets shanked for 1-2% today

[2] Go long on the closing tick using 2X Long ETF

[3] Close postion tomorrow at intra-day or closing high on WACKY WEDNESDAY!!

And here we are ... 47.55 right at the 3 day cycle projection. It looks as though it's not quite done there. Let's see how the first hour of trading treats the price action.

My charts have support around the 47.45-.4 area. Below that is 47.2 ... with a Gap to Fill from the Aug 22 Opening Gap Up which is around 47.25-.05 or so.

Add up the value of all the out of the money puts with greater than normal volume and it is just chump change. It is the volume of the out of money puts, not necessarily the total out-of-pocket value of the puts purchased.

With the increased volatility, someone is just placing a bet.

$HGX now 164.5 definite breakdown from LW's 169 line.

How do it know?

I don't understand. I think this was about Calls written at 700 on the spx. Are you comparing with the put volume? (Writing a call vis à vis buying a Put ?)

define poverty......does losing your house count?....borrowing money to stay ahead of inflation? if not then these are great times


*DJ Census Bureau: Poverty Rate Down For 1st Time In Bush Terms


(MORE TO FOLLOW) Dow Jones Newswires

Pretty classic breakdown from the ledgie "escalator/elevator" pattern.

If it completes, first "support" would be our old friend 1432 (risk to 1427).

Watch for a quick "return to the scene of the crime" if the Spooz attempts to recapture the ledgie. Though usually with these patterns, once they break, they break.

jeff cooper from minyanville.com:
http://www.minyanville.com/articles/S%26P-...k/index/a/13895

summary: look out below...cheers

Looks like it's heading back to 155. When that goes, back to 140ish. Then ultimately, it should waterfall back thru the free fly zone b/w 115-140. Kind of like a dead body falling down the stairs.

For years to come, much like the dot-com charts of yore, this HGX chart will be used to illustrate the rise and fall of the early 21st C housing bubb.

the article points out both, large numbers very far out of the money puts are outstanding and lots of calls, huge in the money ones. I personally think way to much attention is being given to this. Those puts, we don't know the intent, were they a big gamble on the buyer or easy income for the seller? You can't figure that out by looking at only the open interest. As for the deep in the money calls, were they buyer or sellers? Again we don't know.

So we are below his support number at 1455-1457.

Some fumble manager on CNBS, How low can the homies go, great bargins now.

Here's a side-by-side view of the Homebubblers vs the NDX. Two bubbles, five years apart.

If past is prologue, which sectoid will get the Matterhorn Treatment in 2009-2010? Submerging? Energy? Bueller?

And when will this pattern of global bubblenomics finally blow up for good?

Will every chart of every sectoid of every country have to go through this bubble process before we can call it a day?