350Z's I fund thread DEC 07

[ChemEng]

Dropping hard this morning in premarkets. FTSE and N300 down over 1%.

 

[Robo5555]

Don't like to drop hard....but to bounce hard you have to drop hard!!

 

[350zCommTech]

Currently down 17 cents. The dollar is down again today off-setting some of the loses.

 

[Robo5555]

Down so far but I have the feeling this is getting ready to turn.

 

[ChemEng]

10:55 estimate: -25 cents from market change PLUS +8 cents from dollar change EQUALS -17 cents.

 

[350zCommTech]

Down 17 cents.

 

[Wrngway]

Looks like there might be a +FV risk for those buying in. Any thoughts on this?

 

[350zCommTech]

Looks like there might be a +FV risk for those buying in. Any thoughts on this?

With the S&P close to support, I agree that the is a risk of a +FV.

 

[sugarandspice]

Well if its going to get better that will raise the odds of + FV. I think it will stay red. Im staying out of the I for now.

 

[sugarandspice]

Well if its going to get better that will raise the odds of + FV. I think it will stay red. Im staying out of the I for now.

Great Sugar. Now shut the hell up. You are in the red for the year.

 

[350zCommTech]

Down 17 cents.

I fund = 25.08

 

[Robo5555]

Well....so far this week...0 for 2..:-(

 

[Robo5555]

I have been in I all week...No great losses thankfully...I hope tomorrow we'll get it back and then some...

Ur right...down 27 cents so far for the week...thats nothing for this fund.

 

[Robo5555]

^N300 10:31PM ET 305.42 1.88 0.61% 0 Chart, , More
^N225 10:31PM ET 15,413.25 66.94 0.43% 0 Chart, , More
^AORD 10:52PM ET 6,551.00 37.80 0.57% 1573,643,392 Chart, , More
^HSI 10:36PM ET 28,799.46 80.13 0.28% 0 Chart, , More
^STI 10:51PM ET 3,506.98 20.89 0.59% 0 Chart, , More
^NZ50 10:31PM ET 4,018.70 35.15 0.87%

 

[350zCommTech]

Another reminider:

Both the BOE and the ECB announces tomorrow. The author of this article suggests that the BOE might cut, but with inflation well above their acceptable range, I can't see them cutting rates. If they cut tomorrow, markets shoots up. If they don't cut, the dollar will fall big. I think the I fund will be the best place to gamble for tomorrow.

British pound under pressure before BoE decision
U.K. rate cut seen increasingly likely
By Steve Goldstein, MarketWatch
Last update: 5:29 a.m. EST Dec. 5, 2007

LONDON (MarketWatch) -- The British pound dropped sharply on Wednesday, as traders bet that the Bank of England will follow in the Bank of Canada's footsteps and cut its base interest rate tomorrow.

The increasingly dovish stance in currency markets comes after measures released Wednesday showed declines in house prices, services-sector sentiment and consumer confidence.

Halifax said house prices in the U.K. fell 1.1%, NTC Research said services-sector sentiment during November was its worst since May 2003, and the Nationwide Building Society said U.K. consumer confidence fell the most since it started keeping track in 2004.

"Uncertainty about the effects of the credit crunch together with rising oil and food prices seem to be affecting feelings about jobs and the future economic situation," said Fionnuala Earley, Nationwide's chief economist.
The pound dropped to $2.0365 from $2.0584 late Tuesday. The pound fell as low as 1.3822 euros, its lowest level ever against its main trading partner.

The European Central Bank, which also decides interest rates on Thursday, isn't facing the same pressure to cut interest rates, with euro-zone inflation running at 3%.

The euro fell 0.3% at $1.4722. The dollar also rose 0.3% against the yen, up 0.3% at 110.19 yen.
http://www.marketwatch.com/news/sto...x?guid={84637726-D7FF-464C-8BBA-A15DB8648E6A}

 

[ChemEng]

8:16 estimate: +22 cents from market change PLUS -12 cents from dollar change EQUALS +10 cents.

 

[350zCommTech]

If the ADP report is correct, we might see Friday's jobs number at around 213K. Anything close to this number will add fuel to the dollar's rally. The USM will probably still rally on Friday since they'll still expect a cut of at least .25%.

"Goldilocks":laugh:

I'm thinking C or S for Friday.

Private-sector jobs up 189,000 in November, ADP says

By Greg Robb
Last update: 8:17 a.m. EST Dec. 5, 2007

WASHINGTON (MarketWatch) - Hiring in the U.S. private sector expanded at a faster pace in November, according to the ADP employment report released Wednesday. Private payrolls grew by 189,000 in November following a revised 119,000 gain in October, ADP said. The report suggest the labor market remains a source of strength in the economy. The increase is well above economists expectations for job growth of only 60,000 in November. The Labor Department will release the unemployment report on Friday.
http://www.marketwatch.com/news/sto...x?guid={698678F7-195B-4B92-8CB4-20EBEDF06BA6}

 

[12%ayear]

Another reminider:

Both the BOE and the ECB announces tomorrow. The author of this article suggests that the BOE might cut, but with inflation well above their acceptable range, I can't see them cutting rates. If they cut tomorrow, markets shoots up. If they don't cut, the dollar will fall big. I think the I fund will be the best place to gamble for tomorrow.

My only concern is that OSMs want to have the US DOLLAR to go higher. They will cut IMO causing the US DOLLAR to rally. They know that the FED will be cutting next week, so they want to cut also. Inflationary pressure is here,but they can fight it easier than a recession.

 

[Robo5555]

Looks like the rest of the week is going to be interesting and mostly positive. USM futures are soaring so far!!

 

[350zCommTech]

My only concern is that OSMs want to have the US DOLLAR to go higher. They will cut IMO causing the US DOLLAR to rally. They know that the FED will be cutting next week, so they want to cut also. Inflationary pressure is here,but they can fight it easier than a recession.

The dollar is already rallying big today. If they cut, we might see a sell the news on the dollar because the Feds will cut next Tuesday. The OSM & USM will ofcourse shoot up if the BOE cuts tomorrow. Either way, I still like the I fund for tomorrow.