Market Talk / May 7 - 13

[Wizard]

Care to predict how long the bounce will last? I know nothing about shorts or options contracts, when would you guess that these expirations and short coverings will be played out?

If this was a horse it would of all ready been made into glue: http://stockcharts.com/h-sc/ui?s=usd

The guy that has been correct on the USD since 2001, gave his take last night: http://www.europac.net/radioshow_archives.asp

His Wednesday show is normally uploaded tomorrow. He said the USD could touch 80 and bounce to 86 and then be halved next year.

He has nailed crude, gold and the USD. I would not want to fade him.

Good luck.

 

[Wizard]

Good thing they put gasoline into the retail sales report:

8:30 AM ET 5/11/06 U.S. APRIL GASOLINE SALES UP 4.6%
8:30 AM ET 5/11/06 U.S. APRIL RETAIL SALES RISE 0.5% VS. 0.7 EXPECTED

If the numbers look bad - change their make up. :embarrest:

Good old days - retail sales - was big boxers.

Looks like just about all expendable income is going to gas up. That is sad.

 

[Wizard]

Based on spot prices of May 11th, 2006 08:45 New York Time

Gold $US 718.90

..................................................

Up over 6% - in FOUR DAYS. :nuts:

 

[Wizard]

$ US 720.50

Brought to you - from the bad investment advice guy.
:worried:

 

[Wizard]

Yields and crude are following the PMs.

Uncle Bucky can not retake 85. (after a rate hike).

Ouch.

 

[Wizard]

$ US 725.10

 

[Wizard]

Still short the Qs/SPX/NDX from last Friday. Should of bought more precious metals instead. :worried:

The Bad Investment Guy.

 

[Wizard]

Can't get a quote for AGG (F fund).

Does anyone have a updated quote?

TIA. Wiz.

 

[mlk_man]

10-year yield up to 5.15%

 

[The_Technician]

Can't get a quote for AGG (F fund).

Does anyone have a updated quote?

TIA. Wiz.

yeah look here...its sysmbol is AGG in stockcharts if you don't get it right away..

http://stockcharts.com/h-sc/ui

It looks like its going to get that downer that I thought was coming.....might be a good time to be conservative at the moment....

 

[Wizard]

yeah look here...its sysmbol is AGG in stockcharts if you don't get it right away..

http://stockcharts.com/h-sc/ui

Tanks Tech. It was in lock down until 1020. .

 

[mlk_man]

You're welcome............

 

[The_Technician]

Tanks Tech. It was in lock down until 1020. .

I guess you noticed on that chart of the Money flow into it.....

I'm thinking it going to go sideways for a few weeks and then we may have to wait until end of Jun before we really know how much the F fund will respond......but its all in the cards...

Are we going to get an across the board down day???

Birchy get your dollars ready.....and average away.....me its all or nothing...guess you either have to have guts or you have to have more info.......I kinda haven't enough of any until of late.....

Wish things would move along.....

 

[Wizard]

My bet - the 10 year auction is not going to go to swell.

I will cover before the close and play the Friday bounce so the FOX News Business gurus can say. "The Next Bull Market started Friday get on board Monday morning". Then I will go short again Monday afternoon.

 

[vectorman]

NASDAQ in a free fall, has a ways to go for good support.:blink:

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=NASDAQ

 

[The_Technician]

Right now I think it would be a good thing to check everybodys heartbeat on the floor.....everybody stop and check your pulse......uhhhh, anybody listening........uhhhh get up all of ya.......get up ......you can't pass out at this point!!!!

Kinda makes you think don't it....:blink:

 

[James48843]

NASDAQ in a free fall, has a ways to go for good support.:blink:

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=NASDAQ

If you are right, then it looks like the downside support level may be between 2050 and 2100. Which means a solid 10% decline from here is a possibility one should not rule out.

Good thing I'm mostly in "G" today.

 

[ayla]

Looks like the dollar is not holding up. Noon data shows heading downward in a steep slope, at least on this chart at:

http://quotes.ino.com:801/chart/?s=NYBOT_DX

Means the I fund will likely be higher today, just a guess. Darn! wish it would hold off just a little since I'm buying back into the I-Fund at c.o.b. today.

 

[Wizard]

This could get real ugly:

Treasury auctions $13bln of 10-year notes at 5.14%

I like ugly.

 

[Wizard]

USD under 84.

Bullish!