http://finance.yahoo.com/intlindices
Full Version: IDS World Markets Fri 8th February 08
Stool Pigeons Wire Message Board > Stock Market Message Board > Intraday Stool- Stock Market Short Term Trading
A green start but fading fast. All Ords +0.9% with only the mining sector in the red, -0.2%. In the greens, Consumer Staples is up the most, +2.2% followed by Financials +1.8%.
The big miners dipping on low volume: BHP -1%, RIO -0.7%. Golds looking interesting: Newcrest +1.4%, Newmont +0.5% and Lihir +2%.
Oils mixed: Woodside -1.9%, Santos +1.4% and Caltex +1.1%.
Japan Machine Orders Decline on Anticipated Slowdown
Feb. 8 (Bloomberg) -- Japanese machinery orders fell for the fourth time in five months as manufacturers scaled back investment in anticipation of slowing global economic growth.
Orders, an indicator of business spending in the next three to six months, slid 3.2 percent in December from November, when they declined 2.8 percent, the Cabinet Office said today in Tokyo. December orders declined 3.3 percent from a year earlier.
Feb. 8 (Bloomberg) -- Japanese machinery orders fell for the fourth time in five months as manufacturers scaled back investment in anticipation of slowing global economic growth.
Orders, an indicator of business spending in the next three to six months, slid 3.2 percent in December from November, when they declined 2.8 percent, the Cabinet Office said today in Tokyo. December orders declined 3.3 percent from a year earlier.
German Manufacturing Orders Drop on Export Demand
Feb. 7 (Bloomberg) -- German manufacturing orders declined the most in five months in December, led by a drop in export sales, another sign Europe's largest economy is losing momentum.
Orders, adjusted for seasonal swings and inflation, fell 1.7 percent from November, when they rose 3 percent, the Economy Ministry in Berlin said today.
The pace of economic expansion may slow to 1.7 percent this year from 2.5 percent in 2007, the government said last month. The Economy Ministry expects growth to ``moderate'' further after an estimated slowdown in the fourth quarter. In the third, the economy grew 0.7 percent.
Feb. 7 (Bloomberg) -- German manufacturing orders declined the most in five months in December, led by a drop in export sales, another sign Europe's largest economy is losing momentum.
Orders, adjusted for seasonal swings and inflation, fell 1.7 percent from November, when they rose 3 percent, the Economy Ministry in Berlin said today.
The pace of economic expansion may slow to 1.7 percent this year from 2.5 percent in 2007, the government said last month. The Economy Ministry expects growth to ``moderate'' further after an estimated slowdown in the fourth quarter. In the third, the economy grew 0.7 percent.
as suggested..... ?
could head to 77 ish ?
could head to 77 ish ?
A new podcast has been posted at http://radiofreewallstreet.fm. Also the February 3 podcast with Russ which was temporarily lost has been found and reposted.
A churn 'n burn sort of day but some sectors showed reasonable gains. All Ords closed +1% with Property Trusts and Consumer Staples leading, +2.5% followed by Financials +1.8%. Miners, -0.7% and Materials, -0.5% were the only sectors in the red.
The big miners lost ground: BHP -2.1%, RIO -1.6% and goldwise, Newcrest +2%, Newmont -1.2% and Lihir +3.7%. Juniors mostly up.
Oils remained mixed: Woodside -1.9%, Santos +2.4% and Caltex +1.2%.
Asia dipping: Nikkers -0.7% and India -0.5%.
Over to UK/Europe:
http://finance.yahoo.com/intlindices?e=europe
QUOTE(bondtrader @ Feb 8 2008, 02:14 PM)
as suggested..... ?
could head to 77 ish ?
could head to 77 ish ?
I vote for a consolidation...
here is the human side of the story.
Collapse biggest in Qld history
5:16p.m. 8 February 2008
| By Mark Furler
An apparent victim of the collapse of a Sunshine Coast building company - the biggest in Queensland history - has taken her revenge by driving her car into the firm's headquarters.
Ten News showed footage of the woman's damage Mazda 121 after she rammed it twice through the plate glass window after apparent attempts to talk to someone about the collase this afternoon failed.
Ten told thedaily.com.au that the woman was owed $45,000 and had only just paid a $20,000 deposit yesterday. Police were called to the scene after crash and took the woman away.
http://www.thedaily.com.au/news/2008/feb/0...lder-shut-down/
U.K. Growth Slows to 0.5%
Feb. 8 (Bloomberg) -- U.K. economic growth dwindled to 0.5 percent in the three months through January, the lowest pace since 2005, the National Institute of Economic and Social Research said.
That compares with a 0.6 percent expansion in the fourth quarter and 0.7 percent in the three months through October, the London-based group, which advises the central bank and the Treasury, said in an e-mailed statement today.
The report suggests the economic slowdown is deepening, exacerbated by the housing market's worst slump in more than a decade. The Bank of England yesterday cut the benchmark interest rate by a quarter-point to 5.25 percent and said that policy makers are balancing the risks to growth against the threat of faster inflation.
Feb. 8 (Bloomberg) -- U.K. economic growth dwindled to 0.5 percent in the three months through January, the lowest pace since 2005, the National Institute of Economic and Social Research said.
That compares with a 0.6 percent expansion in the fourth quarter and 0.7 percent in the three months through October, the London-based group, which advises the central bank and the Treasury, said in an e-mailed statement today.
The report suggests the economic slowdown is deepening, exacerbated by the housing market's worst slump in more than a decade. The Bank of England yesterday cut the benchmark interest rate by a quarter-point to 5.25 percent and said that policy makers are balancing the risks to growth against the threat of faster inflation.
Gold schdrong today, first test of 62 fibo at 916 rejected, now tries again.
German Exports Unexpectedly Drop as Euro Hits Demand
Feb. 8 (Bloomberg) -- German exports unexpectedly fell for the second month in succession in December, a sign of cooling growth in Europe's largest economy.
Sales abroad, adjusted for working days and seasonal changes, fell 1.2 percent from November, when they declined 0.5 percent, the Federal Statistics Office in Wiesbaden said today. Economists expected a gain of 1.1 percent, according to the median of 10 forecasts in a Bloomberg News survey.
Today's report suggests that the surge in the euro, which makes exports less competitive abroad, is hitting manufacturers just as the U.S. economy hovers near recession. Germany's government cut its 2008 growth forecast last month, citing a stronger euro and increased energy costs.
Feb. 8 (Bloomberg) -- German exports unexpectedly fell for the second month in succession in December, a sign of cooling growth in Europe's largest economy.
Sales abroad, adjusted for working days and seasonal changes, fell 1.2 percent from November, when they declined 0.5 percent, the Federal Statistics Office in Wiesbaden said today. Economists expected a gain of 1.1 percent, according to the median of 10 forecasts in a Bloomberg News survey.
Today's report suggests that the surge in the euro, which makes exports less competitive abroad, is hitting manufacturers just as the U.S. economy hovers near recession. Germany's government cut its 2008 growth forecast last month, citing a stronger euro and increased energy costs.
QUOTE(Brisbane Bear @ Feb 8 2008, 06:10 PM)
here is the human side of the story.
Collapse biggest in Qld history
5:16p.m. 8 February 2008
| By Mark Furler
An apparent victim of the collapse of a Sunshine Coast building company - the biggest in Queensland history - has taken her revenge by driving her car into the firm's headquarters.
Ten News showed footage of the woman's damage Mazda 121 after she rammed it twice through the plate glass window after apparent attempts to talk to someone about the collase this afternoon failed.
Ten told thedaily.com.au that the woman was owed $45,000 and had only just paid a $20,000 deposit yesterday. Police were called to the scene after crash and took the woman away.
http://www.thedaily.com.au/news/2008/feb/0...lder-shut-down/
Collapse biggest in Qld history
5:16p.m. 8 February 2008
| By Mark Furler
An apparent victim of the collapse of a Sunshine Coast building company - the biggest in Queensland history - has taken her revenge by driving her car into the firm's headquarters.
Ten News showed footage of the woman's damage Mazda 121 after she rammed it twice through the plate glass window after apparent attempts to talk to someone about the collase this afternoon failed.
Ten told thedaily.com.au that the woman was owed $45,000 and had only just paid a $20,000 deposit yesterday. Police were called to the scene after crash and took the woman away.
http://www.thedaily.com.au/news/2008/feb/0...lder-shut-down/
Well that was a dumb thing to do. Not only is she out of pocket because of a collapsed builder, she has to pay to get her Mazda repaired and face a charge of criminal damage.
India's Inflation Unexpectedly Accelerates to 4.11%
Feb. 8 (Bloomberg) -- India's inflation unexpectedly accelerated to the highest in more than five months as prices of fruits, spices and salt increased.
Wholesale prices rose 4.11 percent in the week ended Jan. 26 from a year earlier, faster than the previous week's 3.93 percent, the Ministry of Commerce and Industry said today in New Delhi. Analysts had forecast inflation at 3.92 percent.
Inflation is a sensitive issue in the $906 billion economy and rising prices may cause the Congress party to lose votes in forthcoming elections. The term of Singh's government ends June 1, next year.
Feb. 8 (Bloomberg) -- India's inflation unexpectedly accelerated to the highest in more than five months as prices of fruits, spices and salt increased.
Wholesale prices rose 4.11 percent in the week ended Jan. 26 from a year earlier, faster than the previous week's 3.93 percent, the Ministry of Commerce and Industry said today in New Delhi. Analysts had forecast inflation at 3.92 percent.
Inflation is a sensitive issue in the $906 billion economy and rising prices may cause the Congress party to lose votes in forthcoming elections. The term of Singh's government ends June 1, next year.
third attempt of gold to break 916, if thru it will test the high.
Gold made intraday tripple top at 916.
Another nice performance by DAX. Ramp the futures up before the open, so that the cash market doesnt open with a huge gap (only upside gaps are allowed of course) then after the pop has fizzled out start to sell it. They do this since weeks. And now there are still folks who dont admit that we are in a bear market. 
THIS is bear market action like in the textbook.
You can add to that the reaction of the market on the good figures from Deutsche Bank yesterday. They were really relativly ok, they didnt drop a bomb, not many write downs, it seems they made good risk management. But market didnt react on it.
THIS is ALSO typical bear market action.
THIS is bear market action like in the textbook.
You can add to that the reaction of the market on the good figures from Deutsche Bank yesterday. They were really relativly ok, they didnt drop a bomb, not many write downs, it seems they made good risk management. But market didnt react on it.
THIS is ALSO typical bear market action.
"sniff, sniff", hmm, smelss like....... Doc, please dont use the c-word!
but i guess right now in these minutes we have a setup which is so weak that anything is possible today. They MUST come now and save it or we will see a bloody day.
but i guess right now in these minutes we have a setup which is so weak that anything is possible today. They MUST come now and save it or we will see a bloody day.
Good Morning!
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Many tanks for joining us!
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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
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.
Subscribe to the Wall Street Examiner Professional Edition Precious Metals Daily, just $39 quarterly. Try it risk free for 30 days!
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QUOTE(fxfox @ Feb 8 2008, 07:25 AM)
"sniff, sniff", hmm, smelss like....... Doc, please dont use the c-word!
but i guess right now in these minutes we have a setup which is so weak that anything is possible today. They MUST come now and save it or we will see a bloody day.
but i guess right now in these minutes we have a setup which is so weak that anything is possible today. They MUST come now and save it or we will see a bloody day.
While my internet connection crashed for part of the day yesterday, I do not expect a crash today.
QUOTE(DrStool @ Feb 8 2008, 08:00 AM)
While my internet connection crashed for part of the day yesterday, I do not expect a crash today.
you used the c-word, Doc!
But with Comcast, you never know.
I called them, and they in essence said that since I could reach Google and Yahoo, it's not their problem. But I can't reach Capitalstool.com!, I said. Not our problem said they.
So I ran a traceroute and lo and behold, there was a problem at one of the downstream switches on THEIR network. But by the time I found that, I guess they had fixed it.
So, no crash today.
But as for the market.... hmmmm.
I see that on SPY DIA some 3 and 5 day cycle indicators have edged back to the sell side. Definitely not conclusive. If it's going to crash, first things first, they'd have to get back to the lows, n'est pa? Then once there, they'd have some kind of bounce. If it's weak, then late this afternoon, there's a possibility of starting something.
So that's a lot of what ifs. At this point I in no way shape or form see a crash setup and the sequence I outlined above would have to unfold to get into that position.
At this point the DIA is still below it's 8 day cycle MA declining at 122.70. As long as that's the case, the trend remains down. The low yesterday morning around 121.10 would be the fail safe shport. If they break out above the 8 day cycle MA, I'd look for a sideways or up phase. The key would be whether they could break 123.45.
SPY key intraday pivots are at 132.40 and 132.21, then the low of 131.73 on the downside. The number to watch on the upside is 134.79.
I called them, and they in essence said that since I could reach Google and Yahoo, it's not their problem. But I can't reach Capitalstool.com!, I said. Not our problem said they.
So I ran a traceroute and lo and behold, there was a problem at one of the downstream switches on THEIR network. But by the time I found that, I guess they had fixed it.
So, no crash today.
But as for the market.... hmmmm.
I see that on SPY DIA some 3 and 5 day cycle indicators have edged back to the sell side. Definitely not conclusive. If it's going to crash, first things first, they'd have to get back to the lows, n'est pa? Then once there, they'd have some kind of bounce. If it's weak, then late this afternoon, there's a possibility of starting something.
So that's a lot of what ifs. At this point I in no way shape or form see a crash setup and the sequence I outlined above would have to unfold to get into that position.
At this point the DIA is still below it's 8 day cycle MA declining at 122.70. As long as that's the case, the trend remains down. The low yesterday morning around 121.10 would be the fail safe shport. If they break out above the 8 day cycle MA, I'd look for a sideways or up phase. The key would be whether they could break 123.45.
SPY key intraday pivots are at 132.40 and 132.21, then the low of 131.73 on the downside. The number to watch on the upside is 134.79.
Heidi Fleiss arrested! Ok, Jimi, you can calm down now
did you know that she did run a laundry in a little village called Pahrump. Guess which the name of the laudnry was. Right: "Dirty Laundry"
i crack up!
Ok, Jimi, you can calm down now did you know that she did run a laundry in a little village called Pahrump. Guess which the name of the laudnry was. Right: "Dirty Laundry"
i crack up!
On the qqqq, resistance levels would be around 43.42, and yesterday's high of 43.77. Intraday shport should be around 42.50, and the failsafe line at yesterday's premarket low of 42. A couple of weeks ago there was a low at 41.67. If that breaks, pack up the kids in the Suburban and head for your cabin in the woods.
Make sure that you have enough fuel and provisions to last 18 months. Your family should by now be well trained in perimeter defense in case one of the angry hordes should find your hiding place.
Well, that's it for now.
Have a GREAT day!
Make sure that you have enough fuel and provisions to last 18 months. Your family should by now be well trained in perimeter defense in case one of the angry hordes should find your hiding place.
Well, that's it for now.
Have a GREAT day!
All kidding aside, most of the intraday indicators I watch on DIA, SPY, and QQQQ have a higher low followed by a higher high. That's an accumulation setup, not a crash setup. It would take at least one more 5 hr cycle to begin to reverse the pattern.
QUOTE(DrStool @ Feb 8 2008, 08:19 AM)
If that breaks, pack up the kids in the Suburban and head for your cabin in the woods.
Make sure that you have enough fuel and provisions to last 18 months. Your family should by now be well trained in perimeter defense in case one of the angry hordes should find your hiding place.
Make sure that you have enough fuel and provisions to last 18 months. Your family should by now be well trained in perimeter defense in case one of the angry hordes should find your hiding place.
DAX just broke its intraday low in a thunderstruck manner, WAM BAM!
Bears have one last shot at it here...back above YM 12.250 and she'll prolly scream higher, but as long as we stay below, huge air pocket right here.....
Kwave, what does the YM stand for in your #s?
QUOTE(lucy @ Feb 8 2008, 07:54 AM)
Kwave, what does the YM stand for in your #s?
Symbol for Dow futures
Jeez. the 10 year notes are trading like pork bellies.
Hey, if you mouse over the word trading above, it plays that Etrade commercial where the kid pukes on the screen, just like my grandson. Even looks like him.
Hey, if you mouse over the word trading above, it plays that Etrade commercial where the kid pukes on the screen, just like my grandson. Even looks like him.
oink! oink!
both EUR/USD and Gold are fighting with their EMA 200 on 5 mins chart.
My wife is up at our home in Quebec for a week. Last night both our kids and their babies were at the house. Whenever little Lea-Rose, now 5 months old, would start to babble, her cousin Nicolas, now 7 months old, would immediately start to cry. Every time! Evidently it was quite hilarious. Lea-Rose looked at Nicolas with a look as if to say, "What's up with him?"
I guess Nicolas doesn't like the competition.
Nobody could figure it out.
Both kids are adorable and doing well. I can't wait to see them again! We will be going north a little earlier than usual this year.
I guess Nicolas doesn't like the competition.
Nobody could figure it out.
Both kids are adorable and doing well. I can't wait to see them again!
We will be going north a little earlier than usual this year.
QUOTE(DrStool @ Feb 8 2008, 09:15 AM)
We will be going north a little earlier than usual this year.
Now, now. Don't go long before the confirmation.
Three FEDerales speaking today in various locations. I'm sure one of them will have bad market breath.
I see MBIA managed to get a cool billion in their offering. And once again, Warburg Pincus had to cough up some more dough.
But they get two seats on the board now. Yippee-Kai-Yaayy. Two first class cabins on the Titanic. Whoopee!
But they get two seats on the board now. Yippee-Kai-Yaayy. Two first class cabins on the Titanic. Whoopee!
QUOTE(DrStool @ Feb 8 2008, 08:19 AM)
On the qqqq, resistance levels would be around 43.42, and yesterday's high of 43.77. Intraday shport should be around 42.50, and the failsafe line at yesterday's premarket low of 42. A couple of weeks ago there was a low at 41.67. If that breaks, pack up the kids in the Suburban and head for your cabin in the woods.
Make sure that you have enough fuel and provisions to last 18 months. Your family should by now be well trained in perimeter defense in case one of the angry hordes should find your hiding place.
Well, that's it for now.
Have a GREAT day!
Make sure that you have enough fuel and provisions to last 18 months. Your family should by now be well trained in perimeter defense in case one of the angry hordes should find your hiding place.
Well, that's it for now.
Have a GREAT day!
Taking Docs advice and heading for the hills! Bringing along my multi pronged Hot Dog cooker for the Weenie Roasts over the fire!
Tiffany raises guidance +5%. No way that happens...NO WAY.
dow and spx going down, and qqqq up strong?
How schizo is this?
How schizo is this?
QUOTE(DrStool @ Feb 8 2008, 08:37 AM)
dow and spx going down, and qqqq up strong?
How schizo is this?
How schizo is this?
I've never seen traders verbalize their confusion more, than over the last three weeks. It's a daytraders paradise (which i can't do well) with the volatility but the swings and technicals are ludicrous.
In between conference programs yesterday i caught about an hour of market action and it was wild, the DOWn looked like it was making regular 20-50 point moves in matter of 10 seconds, at some points.
QUOTE(DrStool @ Feb 8 2008, 02:37 PM)
dow and spx going down, and qqqq up strong?
How schizo is this?
How schizo is this?
Looks like the boys are just running stops aggressively again.
The Exxon-Mobil / PDVSA asset freeze has the potential to be a MAJOR geo-political event. It could be the beginning of the end of Chavez. So his reaction could be wild.
http://edition.cnn.com/2008/WORLD/americas...enezuela.exxon/
http://edition.cnn.com/2008/WORLD/americas...enezuela.exxon/
I think we're going up today.
Seeing strength in the momo stocks early.
GOOG, FSLR, BIDU & RIMM are all up.
Seeing strength in the momo stocks early.
GOOG, FSLR, BIDU & RIMM are all up.
A little mishap on the way to 10 bbl
http://www.bloomberg.com/apps/news?pid=206...H9mM&refer=home
"OPEC would trim output if prices slip to $80, according to one delegate, while another said $70 would be unacceptable to most members. Two of the four officials, who all asked not to be identified because such discussions are private, said if prices stay above $85 the group probably won't change supplies at its next conference on March 5."
http://www.bloomberg.com/apps/news?pid=206...H9mM&refer=home
"OPEC would trim output if prices slip to $80, according to one delegate, while another said $70 would be unacceptable to most members. Two of the four officials, who all asked not to be identified because such discussions are private, said if prices stay above $85 the group probably won't change supplies at its next conference on March 5."
the world is on crack:
The prime minister of Turkey demanded today - while he visits Germany - the foundation of Turkish High Schools and Universities...... IN GERMANY!
i say: Throw those american kids all out at USC and put the mexican flag on top of the roof!
... sometimes there are things going on in this world you have to make fun of it just not to freak out because of it.
The prime minister of Turkey demanded today - while he visits Germany - the foundation of Turkish High Schools and Universities...... IN GERMANY!
i say: Throw those american kids all out at USC and put the mexican flag on top of the roof!
... sometimes there are things going on in this world you have to make fun of it just not to freak out because of it.
Time to get bouncy for the stimulation. Gonna spend their $600 bucks at Tiffany for baby rattle shower gifts.
4th try of Gold to crack 916.
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