Market Talk / July 30 - Aug 5

[Show-me]

Re: Fyi

To clarify, this is next week, yes?

As Tom said yes it the 14th. Here are some calendar links if anyone wants them.

http://www.cboe.com/TradTool/ExpirationCalendar.aspx

http://biz.yahoo.com/opt/calendar.html

http://aol.hirschorg.com/aol_splash.asp

 

[Birchtree]

The summer rally is on the way - but fear the Bull. Bull markets do not like company, the market will do everything it can to make the majority gun shy and keep the bears from recognizing the prevailing trend. The bull wants to see the market move higher, but at the same time, keep the G riders from participating.

 

[Show-me]

Nonfarm payroll 113k Expected 145k

Unemployment Rate 4.8% Expected 4.6%

FTSE took off on the news.

 

[mlk_man]

The summer rally is on the way - but fear the Bull. Bull markets do not like company, the market will do everything it can to make the majority gun shy and keep the bears from recognizing the prevailing trend. The bull wants to see the market move higher, but at the same time, keep the G riders from participating.

Might be a good call there Birchy!

 

[ebbnflow]

Market Update

08:30 am : S&P futures vs fair value: +6.4. Nasdaq futures vs fair value: +9.0. Futures indications are now signaling a higher open for stocks as an encouraging July jobs report provides more evidence that the Fed is likely to pause at next Tuesday's FOMC meeting. Non-farm payrolls rose a less than expected 113K (consensus 145K); hourly earnings rose 0.4%, exceeding economists' forecast of 0.3%, but the unemployment rate rose to 4.8%. Given the Fed's increased policy guidance from "incoming" data, the bond market is also embracing the soft data as the 10-yr note is now rallying up 14 ticks, knocking the yield down to 4.90%.

Read more here.

 

[ebbnflow]

Market Update

09:15 am : S&P futures vs fair value: +10.2. Nasdaq futures vs fair value: +14.2.

09:00 am : S&P futures vs fair value: +11.0. Nasdaq futures vs fair value: +16.0. Bullish bias persists in pre-market trading, as a sharply higher start for the cash market remains intact. Stocks continue to rally into the opening bell, with the S&P 500 expected to get some notable support from the influential Financials sector as plummeting bond yields make rate-sensitive banks and brokers more attractive while reports that Chicago Mercantile Exchange Holdings (CME) will be added to the S&P 500 offers some additional support. The 10-yr note is now down 18 ticks to yield 4.88%.

Read more here.

 

[mlk_man]

Looks like someone jumped the boat on the F fund a day early..............bets are being taken that he's currently "busy" again and can't watch the market like he should............:blink:

 

[mlk_man]

They must be stumbling all over themselves at Yahoo and not updating the S&P............:blink:

 

[JOVARN]

They must be stumbling all over themselves at Yahoo and not updating the S&P............:blink:

No S&P posting on aol yet either

 

[Show-me]

I think they added a new function. I have streaming quotes on mine now. It's very very nice.

 

[nnuut]

He's really sure of this and THAT makes me uneasy!

PIMCO's Gross: 'Fed will definitely pause'
Manager of the world's largest bond fund says the Fed will not raise rates when it meets next week.
August 4 2006: 10:19 AM EDT

http://money.cnn.com/2006/08/04/news/economy/fed_gross.reut/index.htm?cnn=yes

 

[gunsmokex]

Interesting article, so the F fund could pay off? Its up a measly 0.84% for the year, maybe this is where it takes off.

"The bear market (in bonds) is dead," he added.

 

[TiCKed]

Boy, the Friday party sure petered out. Apparently "Bad new is Good news" only lasts so long.

 

[Spaf]

Well we opened with a gap up and then we began to fade in to somewhat of a gravestone (A gravestone is identified by open and close near the bottom of the trading range. This is really the converse of a hammer and signals a reversal when it occurs after an up-trend).

The Sellers took over most the day! Maybe vestors don't want to buy in to the uncertain FOMC news due out next tuesday........:worried:

 

[Show-me]

Boy the talking heads sure pumped everyone up this a.m. and the big boys knocked'em down.:worried: Tuff day.

 

[Spaf]

Tuff in a lot of ways.
The Oklahoma Beef Council posted their new Grilling Recipes.
The Governor posted a Burn Ban for the entire state.
........................ :blink: ..........................

 

[Gilligan]

Tuff in a lot of ways.
The Oklahoma Beef Council posted their new Grilling Recipes.
The Governor posted a Burn Ban for the entire state.
........................ :blink: ..........................

Look on the bright side. The drought is causing higher feed prices and ranchers are having to ship hay in, so ranchers are taking their cattle to the auction in a higher volume which is causing beef prices to drop. That’s good news for consumers.

 

[gunsmokex]

Look on the bright side. The drought is causing higher feed prices and ranchers are having to ship hay in, so ranchers are taking their cattle to the auction in a higher volume which is causing beef prices to drop. That’s good news for consumers.

Lol, beef prices may go down but they'll be up again this fall with a vengance. I doubt they'll even go down, grocers and the packers will just pocket the profits for the short term. This years corn crop is obviously going to be dismal, some fields don't even have kernels on the ears of corn and that will take a big dent out of ethanol and the market as well. Ethanol stocks could be very scary in the upcoming months. The drought over the midwest is going to affect the nation in more ways than you can imagine if we don't get some decent amounts of rain here soon.

 

[Show-me]

Lol, beef prices may go down but they'll be up again this fall with a vengance. I doubt they'll even go down, grocers and the packers will just pocket the profits for the short term. This years corn crop is obviously going to be dismal, some fields don't even have kernels on the ears of corn and that will take a big dent out of ethanol and the market as well. Ethanol stocks could be very scary in the upcoming months. The drought over the midwest is going to affect the nation in more ways than you can imagine if we don't get some decent amounts of rain here soon.

Corn here is already turning in the light soil areas. Ears are not filling so it looks bad again this year.

 

[Dave M]

Ethanol

I believe they make, or can make, ethanol out of the stalks, not the kernels. Should a farmer have some of last year's grain stored but not yet sold, he will get a better price for it later. Those who irrigate will be in good shape besides. Still, it might be a good time to buy corn futures.

Dave