http://finance.yahoo.com/intlindices
Full Version: IDS World Markets Mon 3rd March 08
Stool Pigeons Wire Message Board > Stock Market Message Board > Intraday Stool- Stock Market Short Term Trading
Looks like Yahoo is having a bad chart day...
Down across the board today. All Ords -2.5%, Telecomms in the lead, -4.7% followed by Property Trusts -4.1% and Financials -3.7%. Healthcare is down the least, -1%.
The big miners down in line with the market: BHP -1.5% and RIO -2.7%. Golds are holding up relatively well: Newcrest -0.5%, Newmont -0.4% and Lihir -2.1%. Juniors mixed.
Big drops on the oils: Woodside -1.8%, Santos -3.5% and Caltex -5.4%.
Silver trading above 20 right now.
Nikkei took it on the chin, down 4.5%
got stopped out on that EUR/JPY trade. Flipped short, guess it goes up now. 
But when a 50 fibo and a uptrendline doesnt provide support..... normally it should go down more.
But when a 50 fibo and a uptrendline doesnt provide support..... normally it should go down more.
An all out sellerama today and possibly more than a few margin calls. Looking like a consolidation at the lows on the 5-day and if it is then it's down again tomorrow.
Financials took another nasty tumble, -4.9% with Property Trusts next, -4.6% (now back to 2004 levels) and Telecomms -4.5%. Healthcare had the least loss, -0.2%.
Miners got a (comparatively) light beating with the sector down 1.8%. BHP finished -2.5%, RIO -3.9% and in the golds, Newcrest +4%, Newmont -1.3% and Lihir -2.5%. Juniors down.
Oils down to varying degrees: Woodside -0.4%, Santos -3.1% and Caltex -5.7%.
Da bearz out in force in Asia: Nikkers -4.5%, India -3.8%, Singers -2.9% and Honkers -2.7%. China the only green, +2.1%.
Over to UK/Europe:
http://finance.yahoo.com/intlindices?e=europe
Australia to Give Investors Tax Credits to Build Rental Houses
March 3 (Bloomberg) -- Australia will give investors tax incentives to build up to 100,000 new rental properties, double the amount previously promised, to make housing more affordable.
The Labor government will provide private investors with tax credits of A$6,000 ($5,599) a year for 10 years for new properties rented at 20 percent under the prevailing market level, Prime Minister Kevin Rudd said in an e-mailed statement. He made the announcement today in Brisbane.
Rudd promised to set up a so-called National Rental Affordability Scheme and provide tax incentives for 50,000 new rental properties before winning power in November. Australian housing affordability deteriorated in the fourth quarter to the worst on record after the nation's central bank raised borrowing costs to an 11-year high.
March 3 (Bloomberg) -- Australia will give investors tax incentives to build up to 100,000 new rental properties, double the amount previously promised, to make housing more affordable.
The Labor government will provide private investors with tax credits of A$6,000 ($5,599) a year for 10 years for new properties rented at 20 percent under the prevailing market level, Prime Minister Kevin Rudd said in an e-mailed statement. He made the announcement today in Brisbane.
Rudd promised to set up a so-called National Rental Affordability Scheme and provide tax incentives for 50,000 new rental properties before winning power in November. Australian housing affordability deteriorated in the fourth quarter to the worst on record after the nation's central bank raised borrowing costs to an 11-year high.
Japan's Wages Rise 1%, Fastest Pace in 19 Months
March 3 (Bloomberg) -- Japan's wages rose at the fastest pace in 19 months in January, a boost to consumers at a time when the economy's export-led expansion is set to slow.
Monthly wages, including overtime and bonuses, climbed 1 percent from a year earlier, the most since June 2006, the Labor Ministry said in Tokyo today. Bonuses gained 12.1 percent.
Household spending increased at the quickest pace in more than three years in January and the jobless rate stayed at 3.8 percent, reports showed last week.
March 3 (Bloomberg) -- Japan's wages rose at the fastest pace in 19 months in January, a boost to consumers at a time when the economy's export-led expansion is set to slow.
Monthly wages, including overtime and bonuses, climbed 1 percent from a year earlier, the most since June 2006, the Labor Ministry said in Tokyo today. Bonuses gained 12.1 percent.
Household spending increased at the quickest pace in more than three years in January and the jobless rate stayed at 3.8 percent, reports showed last week.
Gold Beats Financial Assets as Investors Seek Haven
March 3 (Bloomberg) -- Gold, silver, platinum and palladium may be the best-performing financial assets this year as inflation and slowing growth erode the value of the world's major currencies, bonds and stocks.
Precious metals have risen at least twice as fast as the euro and yen in 2008 and returned six to 20 times as much as U.S. Treasuries. The Standard & Poor's 500 Index and all other major gauges of equities are down. Gold for immediate delivery reached an all-time high of $980.98 an ounce today, while silver on Feb. 29 was the most expensive since 1980.
March 3 (Bloomberg) -- Gold, silver, platinum and palladium may be the best-performing financial assets this year as inflation and slowing growth erode the value of the world's major currencies, bonds and stocks.
Precious metals have risen at least twice as fast as the euro and yen in 2008 and returned six to 20 times as much as U.S. Treasuries. The Standard & Poor's 500 Index and all other major gauges of equities are down. Gold for immediate delivery reached an all-time high of $980.98 an ounce today, while silver on Feb. 29 was the most expensive since 1980.
`Ludicrously Complex' Bank Products Attacked by U.K. Lawmakers
March 3 (Bloomberg) -- British lawmakers, criticizing bankers and financial supervisors over their handling of the global credit crisis, warned investment banks to make their financial products more transparent or face extra regulation.
Lawmakers want to avoid ``detailed regulation,'' although such an approach may be needed unless banks address the ``problem of overly complex products,'' the House of Commons Treasury Committee said in a report today.
The panel is investigating how defaults on subprime mortgages in the U.S. rippled through the financial system after credit markets froze. The largest banks and securities firms have reported $163 billion in writedowns on holdings tied to subprime loans. In the U.K., Northern Rock Plc was forced into public ownership after finding itself unable to raise funds.
Financial firms may face at least $600 billion of losses as the credit squeeze batters banks, brokers and insurers, UBS AG analysts said in a report on Feb. 29.
March 3 (Bloomberg) -- British lawmakers, criticizing bankers and financial supervisors over their handling of the global credit crisis, warned investment banks to make their financial products more transparent or face extra regulation.
Lawmakers want to avoid ``detailed regulation,'' although such an approach may be needed unless banks address the ``problem of overly complex products,'' the House of Commons Treasury Committee said in a report today.
The panel is investigating how defaults on subprime mortgages in the U.S. rippled through the financial system after credit markets froze. The largest banks and securities firms have reported $163 billion in writedowns on holdings tied to subprime loans. In the U.K., Northern Rock Plc was forced into public ownership after finding itself unable to raise funds.
Financial firms may face at least $600 billion of losses as the credit squeeze batters banks, brokers and insurers, UBS AG analysts said in a report on Feb. 29.
What happened Asian flu redux? Banzai!
QUOTE(aussiebear @ Mar 3 2008, 04:15 AM)
`Ludicrously Complex' Bank Products Attacked by U.K. Lawmakers
March 3 (Bloomberg) -- British lawmakers, criticizing bankers and financial supervisors over their handling of the global credit crisis, warned investment banks to make their financial products more transparent or face extra regulation.
Lawmakers want to avoid ``detailed regulation,'' although such an approach may be needed unless banks address the ``problem of overly complex products,'' the House of Commons Treasury Committee said in a report today.
The panel is investigating how defaults on subprime mortgages in the U.S. rippled through the financial system after credit markets froze. The largest banks and securities firms have reported $163 billion in writedowns on holdings tied to subprime loans. In the U.K., Northern Rock Plc was forced into public ownership after finding itself unable to raise funds.
Financial firms may face at least $600 billion of losses as the credit squeeze batters banks, brokers and insurers, UBS AG analysts said in a report on Feb. 29.
March 3 (Bloomberg) -- British lawmakers, criticizing bankers and financial supervisors over their handling of the global credit crisis, warned investment banks to make their financial products more transparent or face extra regulation.
Lawmakers want to avoid ``detailed regulation,'' although such an approach may be needed unless banks address the ``problem of overly complex products,'' the House of Commons Treasury Committee said in a report today.
The panel is investigating how defaults on subprime mortgages in the U.S. rippled through the financial system after credit markets froze. The largest banks and securities firms have reported $163 billion in writedowns on holdings tied to subprime loans. In the U.K., Northern Rock Plc was forced into public ownership after finding itself unable to raise funds.
Financial firms may face at least $600 billion of losses as the credit squeeze batters banks, brokers and insurers, UBS AG analysts said in a report on Feb. 29.
That might pose a problem. Banks make money with the information asymmetry generated by such "complex" products. They call it "financial innovation".
http://www.federalreserve.gov/boarddocs/me...advancedexp.htm
Advance Notice of a Portion of a Meeting
under Expedited Procedures
It is anticipated that a portion of the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, March 3, 2008, will be held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C. The following items of official Board business are tentatively scheduled to be considered at that meeting.
Meeting date: March 3, 2008
is this an emergency mtg?
Advance Notice of a Portion of a Meeting
under Expedited Procedures
It is anticipated that a portion of the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, March 3, 2008, will be held under expedited procedures, as set forth in section 26lb.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board's offices at 20th Street and C Streets, N.W., Washington, D.C. The following items of official Board business are tentatively scheduled to be considered at that meeting.
Meeting date: March 3, 2008
is this an emergency mtg?
The Board of Governors is not the FOMC. Two different things.
qqqq 3 day cycle is indicated to be in an up phase now.
That's a real laugher.
That's a real laugher.
5 day cycle still has unmet projection of 42.50-.55
DAX is right on the 38% retracement (6650-6660) looks very vulnerable. should this one not hold, next minor (and last) lvl is 6548, before retesting 6400, but this time - without Mr. Kerviel- it might take a little more time...
I guess Gold will see 1000 today, if ISM is bad.
QUOTE(laz_the_hun @ Mar 3 2008, 09:02 AM)
DAX is right on the 38% retracement (6650-6660) looks very vulnerable. should this one not hold, next minor (and last) lvl is 6548, before retesting 6400, but this time - without Mr. Kerviel- it might take a little more time...
yes, it would take one day more.
QUOTE(fxfox @ Mar 3 2008, 09:08 AM)
yes, it would take one day more.
Foxie, are you trading full time now?
We're way beyond the point where the 3 day cycle low should have been. Dow 5 day cycle projection 12050. SPX projecting 1322. One of those has to be way off.
*DJ USGS: Magnitude 7.0 Earthquake Hits Off Philippines
Dow might be 12160.
It looks like TMA is history, down 50%, Is that a lot? Getting margin call on its prime portfolio. 
DJ Fed Accepts $11.75 Bln In Overnight RPs
Type of transaction: Overnight RPs
Total accepted: $11.75 Bln
Total submitted: $57.9 Bln
Agency Collateral Operation
Total accepted: $1.238 Bln
Total submitted: $24.25 Bln
Stop-Out Rate: 3.15%
Weighted Average: 3.15%
High-rate submitted: 3.15%
Low-rate submitted: 3.02%
Treasury Collateral Operation
Total accepted: $10.512 Bln
Total submitted: $20.95 Bln
Stop-Out Rate: 2.81%
Weighted Average: 2.88%
High-rate submitted: 2.9%
Low-rate submitted: 2.75%
Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $12.7 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 3.22%
Low-rate submitted: 3.18%
(Data was provided by the New York Federal Reserve Bank).
Dow has multiple shport lines 12,190-12,150.
After that, air pocket to 12115.
spx multiple shport lines beginning at 1320, then every couple points down to 1310. Then a 10 point air pocket.
qqqq sitting on shport line at 42.66. Then a 30 cent air pocket.
GDX has gapped up and is knocking at Thursday's high around 54.41. Trading above the 5, 3, and 8 day MAs at 53.53-53.17. 3 and 5 day cycle indicators trying to get to the buy side. If they do, concurrent with a price breakout, it's going to be a big move.
gdx is hitting a 5 hr cycle projection of 54.30. No 3 day cycle projection yet.
QUOTE(cwd @ Mar 3 2008, 09:20 AM)
Foxie, are you trading full time now?
yes, 24/7
in 10 mins the world will fall apart.
QUOTE(fxfox @ Mar 3 2008, 09:50 AM)
in 10 mins the world will fall apart.
QUOTE(potatohead @ Mar 3 2008, 09:41 AM)
DJ Fed Accepts $11.75 Bln In Overnight RPs
Type of transaction: Overnight RPs
Total accepted: $11.75 Bln
Total submitted: $57.9 Bln
Agency Collateral Operation
Total accepted: $1.238 Bln
Total submitted: $24.25 Bln
Stop-Out Rate: 3.15%
Weighted Average: 3.15%
High-rate submitted: 3.15%
Low-rate submitted: 3.02%
Treasury Collateral Operation
Total accepted: $10.512 Bln
Total submitted: $20.95 Bln
Stop-Out Rate: 2.81%
Weighted Average: 2.88%
High-rate submitted: 2.9%
Low-rate submitted: 2.75%
Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $12.7 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 3.22%
Low-rate submitted: 3.18%
(Data was provided by the New York Federal Reserve Bank).
Type of transaction: Overnight RPs
Total accepted: $11.75 Bln
Total submitted: $57.9 Bln
Agency Collateral Operation
Total accepted: $1.238 Bln
Total submitted: $24.25 Bln
Stop-Out Rate: 3.15%
Weighted Average: 3.15%
High-rate submitted: 3.15%
Low-rate submitted: 3.02%
Treasury Collateral Operation
Total accepted: $10.512 Bln
Total submitted: $20.95 Bln
Stop-Out Rate: 2.81%
Weighted Average: 2.88%
High-rate submitted: 2.9%
Low-rate submitted: 2.75%
Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $12.7 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 3.22%
Low-rate submitted: 3.18%
(Data was provided by the New York Federal Reserve Bank).
That's a small drain. I don't freaking believe it, given what the Treasury had to settle today.
And look at all that Treasury collateral they took, and the stopout rate still jumped by 90 basis points. Told ya they were going to have a problem Monday!
This should be good for 500-600 points down on the Dow I figger. That's not an official projection, just a gut reaction to this data.
I'll have all the down and dirty coming up in the Wall Street Examiner Professional Edition Fed report a little later today.
QUOTE(fxfox @ Mar 3 2008, 02:48 PM)
yes, 24/7
Thats a lot. Here try www.fx-auto.com. Might help you get some sleep on your Asia session forex trades.
Disclosure: I have an interest in this company.
Looks like those initial shport levels are holding for now. But there's zero sign of a turn yet. The game is still on.
Market starting to get increditbly Dover Sole on 3 and 5 day cycle basis. That can mean only one of two things. From here, it's either going to go up, or it's going to go down....
A LOT.
A LOT.
James Stewart on CNBS, complaining about Short auction, You can't trust the Fraudsters, he can't get his money, The Fraudsters, MER in his case will make him a margin loan against his own money.
1 min till we all gonna get vaporized
To hell in a handbasket. I'm thinking a low of 72.5 might allow a bit of a pop. current price 73.37.
QUOTE(fxfox @ Mar 3 2008, 09:50 AM)
in 10 mins the world will fall apart.
We're all still here, right?
QUOTE(Jimi @ Mar 3 2008, 10:02 AM)
We're all still here, right?
yes, im shocked
QUOTE(cwd @ Mar 3 2008, 06:58 AM)
James Stewart on CNBS, complaining about Short auction, You can't trust the Fraudsters, he can't get his moey, The Frausters, MER in his case will make him a margin loan agianst his own money.
What was also interesting was the rumor " Big money are able to get their money" in these instruments that nobody else is
.
re-donged ESLR on the dip
thanks Mr. Mark-it
thanks Mr. Mark-it
CDE pokes head above 5 again 
ca we git a rally in that thang finally???!
ca we git a rally in that thang finally???!
dow resistance at 12263- steep downtrend line from Friday.
spx has already broken through, faces resistance level at 1334.33, then 3 day cycle MA at 1341.01.
GDX has broken out. 3 day cycle projection 56.05.
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