http://finance.yahoo.com/intlindices
Full Version: IDS World Markets Fri 29th February 08
Stool Pigeons Wire Message Board > Stock Market Message Board > Intraday Stool- Stock Market Short Term Trading
The punters not happy today. All Ords -1.5% with Financials doing the drop, -3.5% closely followed by Property Trusts -3.2%. There's only two green sectors, Energy +1.7% and Mining +0.1%.
The big miners marking time: BHP -0.3% and RIO -0.2%. Golds solidly higher, Newcrest +2.3%, Newmont +1.5% and Lihir +3%. Juniors mixed.
Oils looking bullish: Woodside +2.3% and Santos +3.5%. Caltex not joining the party, -0.8%.
short Nikkei 13625
closed 13555, quick money, will go down a bit more, but i want to go to bed. Good night.
Back to a support level at the lower end of the recent trading range. All Ords closed -1.2% with most sectors down for the day. Financials maintained the downside lead, -3.5% with IT next at -3.1%. The only green sectors were Energy, +1.8%, Mining +0.9% and Materials +0.7%.
BHP got stuck in a churn 'n burn, -0.1% but RIO did better, +1.2%. Golds looked good: Newcrest +4.2%, Newmont +2% and Lihir +8.8%. No rampant speculation in the juniors, flat to down.
Oils did well for the most part: Woodside +2.5%, Santos +2.3% and Caltex -1.9%.
Asia mostly down: Nikkers -2.5%, Singers -1.8%, Honkers -1.6% and China +1.2%.
Over to UK/Europe:
http://finance.yahoo.com/intlindices?e=europe
Japan's Inflation Rate Matches Fastest in Nine Years
Feb. 29 (Bloomberg) -- Japan's consumer prices rose for a fourth month in January, matching the fastest pace in more than nine years, as companies passed on higher costs of oil, wheat and soybeans.
Core consumer prices climbed 0.8 percent from a year earlier, the same rate as December, the statistics bureau said today in Tokyo. The median estimate of 46 economists surveyed by Bloomberg News was for a 0.9 percent increase.
The successor to Bank of Japan Governor Toshihiko Fukui, who steps down next month, will have to juggle slower economic growth and faster inflation when setting interest rates. The economy is in a soft patch that may be ``somewhat prolonged,'' central bank policy maker Atsushi Mizuno said yesterday.
Feb. 29 (Bloomberg) -- Japan's consumer prices rose for a fourth month in January, matching the fastest pace in more than nine years, as companies passed on higher costs of oil, wheat and soybeans.
Core consumer prices climbed 0.8 percent from a year earlier, the same rate as December, the statistics bureau said today in Tokyo. The median estimate of 46 economists surveyed by Bloomberg News was for a 0.9 percent increase.
The successor to Bank of Japan Governor Toshihiko Fukui, who steps down next month, will have to juggle slower economic growth and faster inflation when setting interest rates. The economy is in a soft patch that may be ``somewhat prolonged,'' central bank policy maker Atsushi Mizuno said yesterday.
Doesn't get much more bullish than this ... all the news is bad, leap days are always bullish, the bottom is in, Merika is attacking every country in the Middle East ...
damn bullish, damn straight, party on ...
damn bullish, damn straight, party on ...
U.K. House Prices Fell in February in Worst Streak Since 2000
Feb. 29 (Bloomberg) -- U.K. house prices fell in February in the worst streak of monthly declines since 2000, a sign two interest-rate cuts have yet to support the property market, a report by Nationwide Building Society showed.
Home values dropped for a fourth month, decreasing 0.5 percent from January to 179,358 pounds ($356,581), Britain's fourth-biggest mortgage lender said today. From a year earlier, prices rose 2.7 percent, the least since November 2005.
Banks have cut back on property loans to consumers with record debt and have refused to pass on the Bank of England's quarter-point interest-rate reductions in full, discouraging homebuyers. Data for January due today may show lenders approved the fewest new mortgages in at least nine years, a Bloomberg survey of economists shows.
Feb. 29 (Bloomberg) -- U.K. house prices fell in February in the worst streak of monthly declines since 2000, a sign two interest-rate cuts have yet to support the property market, a report by Nationwide Building Society showed.
Home values dropped for a fourth month, decreasing 0.5 percent from January to 179,358 pounds ($356,581), Britain's fourth-biggest mortgage lender said today. From a year earlier, prices rose 2.7 percent, the least since November 2005.
Banks have cut back on property loans to consumers with record debt and have refused to pass on the Bank of England's quarter-point interest-rate reductions in full, discouraging homebuyers. Data for January due today may show lenders approved the fewest new mortgages in at least nine years, a Bloomberg survey of economists shows.
South African Credit Rises 23%
Feb. 29 (Bloomberg) -- South African credit growth accelerated to 23 percent in January, more than forecast and adding to pressure on inflation.
Borrowing by households and companies rose from a revised 21.6 percent in December, the Pretoria-based central bank said today. Credit was expected to expand 21.1 percent, according to the median estimate of 13 economists surveyed by Bloomberg.
The pick up in credit may add to speculation the central bank will resume raising rates, or keep them unchanged at a four-year high for longer, even as economic growth slows. Inflation accelerated to a five-year high of 8.8 percent in January as four rate increases last year failed to slash demand.
The broad M3 measure of money supply increased an annual 25.2 percent in January, compared with 23.7 percent in the previous month, the central bank said. M3 was expected to rise 24 percent, according to the Bloomberg survey.
Feb. 29 (Bloomberg) -- South African credit growth accelerated to 23 percent in January, more than forecast and adding to pressure on inflation.
Borrowing by households and companies rose from a revised 21.6 percent in December, the Pretoria-based central bank said today. Credit was expected to expand 21.1 percent, according to the median estimate of 13 economists surveyed by Bloomberg.
The pick up in credit may add to speculation the central bank will resume raising rates, or keep them unchanged at a four-year high for longer, even as economic growth slows. Inflation accelerated to a five-year high of 8.8 percent in January as four rate increases last year failed to slash demand.
The broad M3 measure of money supply increased an annual 25.2 percent in January, compared with 23.7 percent in the previous month, the central bank said. M3 was expected to rise 24 percent, according to the Bloomberg survey.
emea currencies not looking good eurisk, eurtry, eurhuf, eurron, bond mkts in freefall
QUOTE(laz_the_hun @ Feb 29 2008, 06:23 AM)
emea currencies not looking good eurisk, eurtry, eurhuf, eurron, bond mkts in freefall
your post is tooo cryptic!
for starters: EURHUF is Euro vs. Hungarian Forint also the abbriviation "EMEA" usually mean "Europe, Middle East, Asia". Had you in mind that "Emerging Markets" currencies have trouble?
Is "material" a lot? I thought this was the firmed up bailout week? If things get out of hand today, i'm sure they will trot it out.
MBIA Sees Added Material Mark-To-Mkt Losses For January >MBI
Last update: 2/29/2008 6:57:59 AM
(MORE TO FOLLOW) Dow Jones Newswires
February 29, 2008 06:57 ET (11:57 GMT)
MBIA Sees Added Material Mark-To-Mkt Losses For January >MBI
Last update: 2/29/2008 6:57:59 AM
(MORE TO FOLLOW) Dow Jones Newswires
February 29, 2008 06:57 ET (11:57 GMT)
QUOTE(laz_the_hun @ Feb 29 2008, 01:23 PM)
emea currencies not looking good eurisk, eurtry, eurhuf, eurron, bond mkts in freefall
ok i mean CEE, Iceland, Turkey, hope I was not very much misleading, of course middle east is a different story.
DAX right now sitting at the 50 fibo of 6385-7080 (Jan23-Feb19). If that one goes this afternoon...
QUOTE(fxfox @ Feb 29 2008, 03:04 PM)
DAX right now sitting at the 50 fibo of 6385-7080 (Jan23-Feb19). If that one goes this afternoon...
it seems to me that 6650 is the line in the sand for dax, more important than the 7730
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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.
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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.
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We have a little time here, so let's have an interlude from
Stool House Band nominee #2!!!!!!!
The Yoshida Brothers!!!!!!!
Stool House Band nominee #2!!!!!!!
The Yoshida Brothers!!!!!!!
QUOTE(Mies van der Rump @ Feb 29 2008, 07:22 AM)
Is "material" a lot? I thought this was the firmed up bailout week? If things get out of hand today, i'm sure they will trot it out.
MBIA Sees Added Material Mark-To-Mkt Losses For January >MBI
Last update: 2/29/2008 6:57:59 AM
(MORE TO FOLLOW) Dow Jones Newswires
February 29, 2008 06:57 ET (11:57 GMT)
MBIA Sees Added Material Mark-To-Mkt Losses For January >MBI
Last update: 2/29/2008 6:57:59 AM
(MORE TO FOLLOW) Dow Jones Newswires
February 29, 2008 06:57 ET (11:57 GMT)
Charlie Gasbag on CNBS is reporting Ambac bailout is having problems. I wonder if what he gave, he will take away?
German Inflation Stays Above ECB Limit for 12th Month
Feb. 29 (Bloomberg) -- Inflation in Germany, Europe's largest economy, held above the European Central Bank's limit for a 12th month in February as the euro's appreciation failed to fully offset surging oil prices.
The inflation rate, based on a harmonized European Union method, was unchanged from January's reading of 2.9 percent, the Federal Statistics Office in Wiesbaden said today. Economists expected an increase to 3 percent, according to the median of 26 forecasts in a Bloomberg News survey.
----------------
German Retail Sales Increase More Than Forecast
Feb. 29 (Bloomberg) -- Retail sales in Germany, Europe's largest economy, rose for the first time in four months in January as promotions lured customers into stores.
Sales, adjusted for inflation and seasonal swings, gained 1.6 percent from December, the Federal Statistics Office in Wiesbaden said today. That's the most since April 2007. Economists forecast a gain of 1 percent, the median of 29 estimates in a Bloomberg News survey showed.
-----------------
European Confidence Drops as Food, Energy Prices Soar
Feb. 29 (Bloomberg) -- European economic confidence fell more than economists forecast in February on concern soaring food and energy costs will keep inflation at record levels even as the euro's strength threatens to slow economic growth.
An index of executive and consumer sentiment in the euro area declined to 100.1, the lowest since November 2005, from 101.7 in January, the European Commission in Brussels said today. Separate reports showed energy and food-price inflation accelerated last month and unemployment stayed at a record low.
Feb. 29 (Bloomberg) -- Inflation in Germany, Europe's largest economy, held above the European Central Bank's limit for a 12th month in February as the euro's appreciation failed to fully offset surging oil prices.
The inflation rate, based on a harmonized European Union method, was unchanged from January's reading of 2.9 percent, the Federal Statistics Office in Wiesbaden said today. Economists expected an increase to 3 percent, according to the median of 26 forecasts in a Bloomberg News survey.
----------------
German Retail Sales Increase More Than Forecast
Feb. 29 (Bloomberg) -- Retail sales in Germany, Europe's largest economy, rose for the first time in four months in January as promotions lured customers into stores.
Sales, adjusted for inflation and seasonal swings, gained 1.6 percent from December, the Federal Statistics Office in Wiesbaden said today. That's the most since April 2007. Economists forecast a gain of 1 percent, the median of 29 estimates in a Bloomberg News survey showed.
-----------------
European Confidence Drops as Food, Energy Prices Soar
Feb. 29 (Bloomberg) -- European economic confidence fell more than economists forecast in February on concern soaring food and energy costs will keep inflation at record levels even as the euro's strength threatens to slow economic growth.
An index of executive and consumer sentiment in the euro area declined to 100.1, the lowest since November 2005, from 101.7 in January, the European Commission in Brussels said today. Separate reports showed energy and food-price inflation accelerated last month and unemployment stayed at a record low.
as spx and dow drop off the cliff at the open, qqqq comes springing back into the gap that formed in the premarket.
The hanging turd report. 
QUOTE(aussiebear @ Feb 29 2008, 09:32 AM)
German Inflation Stays Above ECB Limit for 12th Month
German Retail Sales Increase More Than Forecast
Feb. 29 (Bloomberg) -- Retail sales in Germany, Europe's largest economy, rose for the first time in four months in January as promotions lured customers into stores.
Sales, adjusted for inflation and seasonal swings, gained 1.6 percent from December, the Federal Statistics Office in Wiesbaden said today. That's the most since April 2007. Economists forecast a gain of 1 percent, the median of 29 estimates in a Bloomberg News survey showed.
German Retail Sales Increase More Than Forecast
Feb. 29 (Bloomberg) -- Retail sales in Germany, Europe's largest economy, rose for the first time in four months in January as promotions lured customers into stores.
Sales, adjusted for inflation and seasonal swings, gained 1.6 percent from December, the Federal Statistics Office in Wiesbaden said today. That's the most since April 2007. Economists forecast a gain of 1 percent, the median of 29 estimates in a Bloomberg News survey showed.
"In January, ``retailers benefited from after-Christmas sales and people cashing in their gift vouchers,'"
Smells like the tremendous Xmas overstock got slashed in early 2008.
qqqq is bouncing after hitting 3 day cycle projection of 43.32 in the pre market.
SPX 3 day cycle projection now 1348.
SPX 3 day cycle projection now 1348.
QUOTE(DrStool @ Feb 29 2008, 09:35 AM)
as spx and dow drop off the cliff at the open, qqqq comes springing back into the gap that formed in the premarket.
My Ameritrade Streamer just showed the S and P down 1233 pernts!
dow 3 day cycle projection looks 12425-450
qqqq 5 hr cycle upside projection 43.80-43.90
spx 5 hr cycle projection 1342
dow 5 hr cycle projection 12375
gdx 5 hr cycle projection 53.88
preliminary 3 day cycle projection 53.60
spx is in an air pocket to at least 1337.
dow shport convergence 12,400 then air pocket to 12,300, or possibly 12180-12220
dow shport convergence 12,400 then air pocket to 12,300, or possibly 12180-12220
qqqq hits 3 day cycle MA at 43.72 and promptly loses its lunch.
possible shport around 43.40-43.50, then 43.25, 43.08
now it's time to sit back, munch on some popcorn, and enjoy the show!
QUOTE(DrStool @ Feb 29 2008, 09:46 AM)
now it's time to sit back, munch on some popcorn, and enjoy the show!
If you're on the right side of the trade
QUOTE(dogsie @ Feb 29 2008, 09:49 AM)
If you're on the right side of the trade
That shouldn't be a problem for Wall Street Examiner Professional Edition subscribers.
I want to just express my thanks to all the folks who subscribed to the WSE Pro and Radio Free Wall Street in February, and to everyone who has been a subscriber for a long time, some of you for over 6 years! January was a great month for us, and February has been even better!
Many, many tanks for your support!
Many, many tanks for your support!
5 hr cycle projections hit. Let's revisit.
spx 3 day cycle projection now 1312.
dow 3 day cycle projection 12150. Can that be right? 
qqqq 3 day cycle projection 43.
What time does Crapvision announce the ABK bailout?
Is it 3:30pm as usual?
Is it 3:30pm as usual?
QUOTE(DrStool @ Feb 29 2008, 03:14 PM)
I want to just express my thanks to all the folks who subscribed to the WSE Pro and Radio Free Wall Street in February, and to everyone who has been a subscriber for a long time, some of you for over 6 years! January was a great month for us, and February has been even better!
Many, many tanks for your support!
Many, many tanks for your support!
I listen to a few podcasts on the net and I would say yours are the best out there by a mile. Great analysis, insight and entertainment.
gdx 3 day cycle projection 53.
QUOTE(Yaryman @ Feb 29 2008, 10:20 AM)
What time does Crapvision announce the ABK bailout?
Is it 3:30pm as usual?
Is it 3:30pm as usual?
QUOTE(Lemur @ Feb 29 2008, 10:21 AM)
I listen to a few podcasts on the net and I would say yours are the best out there by a mile. Great analysis, insight and entertainment.
I love it when you talk like that.
I think that being yourself works.
Well...
not for everybody.
Unfortunately for the pigmen, they've run out of companies to reaffirm ambac's rating. The bailout card is still out there.
QUOTE(DrStool @ Feb 29 2008, 03:25 PM)
I love it when you talk like that.
I think that being yourself works.
Well...
not for everybody.
I think that being yourself works.
Well...
not for everybody.
Actually I like the rants. Passion is good. The podcasts are never boring.
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