Market Talk

[Birchtree]

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The futures markets are looking strong this morning. Maybe today we finally break out of the channel and smokem. The 10 year is looking to go below 4% again, makes me think the bonds are leading the Fed to set policy. Pause while oil is at $60 and see how the economy adjusts to the possible slow down. Hope for a good day on the sunny side of the street.

 

[Show-me]

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Bank of England is talking rate cuts. That is where the spike came from in AM futures and US dollar.

 

[Greg]

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Boone Pickens sees crude oil market testing $60


NEW YORK, June 21 (Reuters) - The market will test whether consumers can handle $60 crude, although the level might need to approach $70 to whittle down demand, famed oil investor Boone Pickens said on Tuesday.

"I think people are scratching their heads as to whether the world will accept $60 like it did $50," Pickens told the Reuters Energy Summit. "You could go to $70, but at some point it's going to cost on the demand side.

"Sixty may slow everything down."

Despite promises of output increases worldwide, Pickens predicted global production should steady around 84 million barrels per day (bpd) in the fourth quarter and about 2 million bpd in projected demand will need to be shed.

 

[vectorman]

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The C, S and I funds usually follow the same trends. Still looks like the I fund has some catching up to do. Those who are hanging tough in the I fund are being rewarded. Nice going.

 

[vectorman]

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NASDAQ has broken through 2100. If it can hold it, does anyone else see this as a hugh plus for the market? The SP500 may breakout today.With a breakout, does that cause the stocks to go higher to search for a new upper level of resistence? Also it seems this action would help the psychological leg for a bull market rally. Still learning. Any comments are appreciated. If the oil inventory report is good, it's really going to hurt being in the G fund today.

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

 

[Guest]

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Birchtree wrote:

The futures markets are looking strong this morning.

That was the fed. A lot of us were pushing coffee through our nose when the numbers spiked. It is getting to obvious.

 

[The_Technician]

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coin flip......is this the start of the 60 point drop or not?????

Its heads tails heads tails heads tails heads tails heads tails heads tails.....

:dude:

 

[Guest]

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Hedge fund cockroaches are looking to cover. I can smell them moving for the door.

I am short X, DD, CAT, AA and BA.

 

[Guest]

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This sucker is going to TANK - T A N K. Starting next month.

 

[Dogdaddy]

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Latest from Reuters...Look out !

[align=right]
[BRIEFING.COM]Sellers show some resolve within the last 20 minutes, knocking[/align]
the indices to session lows and into negative territory for the first time this morning

... Even though bond yields and oil prices remain near session lows - supportive factors

for the market - the fact that several stocks have been trading near the upper end of

their rangessuggests that a market top may be in the offing

... NYSE Adv/Dec 1848/1101...Nasdaq Adv/Dec 1580/1106

 

[Guest]

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Thanks Dog.

Wow, if you read briefing.com "stuff" they are like mega/perma bulls....I guess it must be getting obvious we topped last thursday am.

That Green guy that does their morning brief makes me want to gage. His header on the leading indicators - it could of been worse - or something like that. 9 out of 10 missed by a mile and the only thing was up was STOCK PRICES. How you can try spinning the worse of news positive can ya get. IMHO

 

[vectorman]

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tsptalk wrote:

vectorman wrote:

Its seems that the majority on this site; and those I talk to at myworkplace are nowheavy in the G fund. So is it a contrarianview that the market will now go higher since the herd is bearish.

I'm not too concerned about the people here being bearish. Most of us are taking a contrarian view.But those in your work place? Uh,oh! I hope it's because they follow our lead.

Just a following up, it's seems that some of those in my workplace are now moving more into stocks.

 

[Guest]

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His report from this morning - precious - like the Kudlow of the internet:

Updated: 22-Jun-05 08:51 ET

08:51 ET

The 10-Year Yield is Back Below 4%: Stock futures indicate a solid up open. Chalk up another one for the resilient market. There isn't much news to account for the bounce, but a rally in the bond market is helping.

Ford lowered its profit estimate for the year, but Wall Street had already done that as well. Ford now says profits will be $1.00 to $1.25 per share. Their previous estimate had been $1.25 to $1.50. The average Wall Street estimate had already dropped below that range, to $1.19. So this isn't big news, but more earnings estimate cuts are likely from analysts. Ford did say, however, that second quarter profits would be $0.30 to $0.35 per share, which is above the average estimate of $0.12. This news from the auto industry isn't shocking and isn't having a broad impact.

Morgan Stanley reported profits below expectations, but revenue was a bit higher than expected. We wouldn't normally mention this but the company has been in the news because of the management turmoil. Brokerage results in general are mixed and the Morgan Stanley results don't have implications for other firms.

The 10-year note yield has dropped back below 4%. The yield is at 3.99%. Bonds have rallied as Bill Gross of PIMCO said that the Fed will probably raise rates only one more time, and then may start cutting rates later this year. Lower bond yields provide support to the stock market.

Oil prices are down a bit this morning and still just below $59 a barrel. The weekly inventory data are due at 10:30 ET this morning.

The start of summer yesterday saw light volume. No surprise there. It may continue that way for a few days. There are no major economic or earnings releases scheduled for the remainder of the week. Meanwhile, the market continues to show good resilience. A big help has been the lack of earnings warnings. Not much has been heard from the tech sector. That helps. We remain neutral.


Dick Green, Briefing.com

Oh the pain...I could not even finish...it makes my eyes burn.

 

[The_Technician]

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Here burn your eyes on this one.....

http://money.cnn.com/2005/06/22/news/economy/interest_rates/index.htm

I like the last part........its more realistic....:^

:dude:

 

[Guest]

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Looks like the Crue is going to shake a stick at China to devalue their currency again....maybe that will get the market to bounce :


Alan Greenspan Speaks! Thursday-Jun23, 2005


10:00 AM ET :
Federal Reserve ChairmanAlan Greenspan class=econo-item-textand Treasury Secretary John Snow to testify on U.S. China economic relations to the Senate Finance Committee, in Washington .

Another add on that was not there on Sunday.

Thursday's are just magic.

 

[Guest]

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The Technician wrote:

Here burn your eyes on this one.....

http://money.cnn.com/2005/06/22/news/economy/interest_rates/index.htm

I like the last part........its more realistic....:^

:dude:

At least they are trying to be neutral. That Green guy can spin an aircraft crash positive (news) ....(his take) the plane was due to be decommissioned this year anyway. Ford lowered estimates (news).... (his take) but the market has all ready priced that in- from his "report" today.

Then why is the stock down 6% since the release then? The guy is amazing, he really is:

 

[Guest]

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Darn was hoping the 10 year would of waited for me. Moved to F fund effective today. The jobless claims can really make this sucker move tomorrow then durable goods, then gdp. Will be out prior to FOMC rate hike. That will move the yield up and drop NAV down on the F fund. Just a couple day play.

10 year yield down 1.5%

 

[teknobucks]

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DMA wrote:

I think if I hear "buy this dip" one more time on the media and by the expertsI am going to jump out a window.

FOMC rate hike next week. Summer driving season started, options need to be expenses and credit card min payments went up this month.

It will all catch up - sooner or later - it will all catch up.

it will be later....go ahead and buy the dip.

going long tomm. should cause a nice corection for ya'll "BUY friday"...

 

[teknobucks]

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DMA wrote:

Hedge fund cockroaches are looking to cover. I can smell them moving for the door.

I am short X, DD, CAT, AA and BA.

damnit jim you are making a big mistake.....better buy some calls



tekno



like your avatar btw.

 

[Guest]

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teknobucks wrote:

DMA wrote:

Hedge fund cockroaches are looking to cover. I can smell them moving for the door.

I am short X, DD, CAT, AA and BA.

damnit jim you are making a big mistake.....better buy some calls



tekno



like your avatar btw.

Roaches are holding the market up for EOQ. May see window dressing rally next week.10 years is telling us what we need to know. - recession.

300% short on x - down 2.39%

200% short on dd - down .31%

300 short on cat - down 1.59

100 short on aa - down .40

Covered on ba down 3.87% in three days . The Air Canada news has seemed to passed now.

I like your avatar 2.