Market Talk

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DMA wrote:
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%

Went up .05 today :shock:.

I am one day late to the party again with TSP. I really, really, really hate these deadlines. :P
 
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The Kingdom of TSP

Daily Edition

Market News, Doodles, Tea Leaves & Yak
Date June 22, Closing


Market News.

Market Manners and the Horsemen: Krude fell off horse! Rats may take federal leave, maybe? Earnie eating profits! Inflate losing air!

Elsewhere: Manufacturing of carts declining. Socks mixed 1/2 red, 1/2 green


Doodles and Tea Leaves - Daily.

Doodles:
S&P 500 (Index)
Closing at 1213.88, up +0.27
CMF (money flow) at 0.113, dn.
RSI (strength) at 64.1, slightly up.
MACD (trend) at 8.77, dn, at crossover.
W%R (trend) at -20.0 overbought.

Nymex (Crude oil)
Closed at 58.09 dn -0.95

Tea Leaves: Yellow (caution)mixed manners and indicators.


Yak.

Remarks:Crude scale: Safe range=<55, Caution=55-60, Panic alarm=>60.
Holding: 100%G.
Stops: Alert=1205, trailing=1193

Rgds, and be careful! :) Spaf
 
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Analysts Caution on Krispy Kreme Oustings



Wed Jun 22, 6:05 PM ET[/i]


Krispy Kreme Doughnuts Inc.'s ouster of six executives suggests more negative news may be ahead, according to analysts who follow the snack-maker.

A special committee of the company's independent directors decided the six unnamed company officers should be fired, Krispy Kreme said Tuesday. Five of the executives have resigned and one has retired.

The committee was appointed in October to investigate issues raised by a Securities and Exchange Commission inquiry and by the company's auditors about accounting and financial statements, as well as claims of negligence in a shareholders' lawsuit was filed last year.

"The sudden removal of these executives points to far-reaching abuse within the former management ranks of this company," John Ivankoe, an analyst with J.P. Morgan Securities Inc., wrote in a report to investors. "We also see this announcement increasing the likelihood of significant findings from current SEC and Department of Justice investigations."

The SEC is investigating the company's repurchase of franchises and the earnings warnings in May 2004 that started the company's swoon. The company is also under investigation by the U.S. Attorney's Office for the Southern District of New York.

Krispy Kreme declined to comment beyond its brief news release.

"That specific statement by the company is a powerful message that they're going to do everything possible to get ahead of the investigations and right the ship before it goes down," said Jacob Frenkel, a former enforcement lawyer for the Securities and Exchange Commission now in private practice in Rockville, Md.

Krispy Kreme removed the names of five senior vice presidents from its Web site on Tuesday.

They included chief information officer Frank Hood; Fred Mitchell of manufacturing and distribution; Sherry Polonsky of finance; Jimmy Strickland of area developer operations; and Robert H. Vaughn Jr. of business development.

Vaughn had been serving as the chief restructuring officer of KremeKo Inc., a Krispy Kreme franchise in Canada operating since April under that country's equivalent of bankruptcy protection.

Krispy Kreme shares fell 26 cents to close at $7.40 in late Wednesday trading on the New York Stock Exchange after being halted early Tuesday. The stock has steadily declined from its year-ago high of $21, hitting a 52-week low of $5.05 in February. Shares are down about 39 percent this year.

Last week, Krispy Kreme said it will miss a deadline for filing financial results for the first quarter ended May 1, and expects to post a loss when it does file the report. In a filing with the SEC, Krispy Kreme said it was unable to complete the quarterly report because of the ongoing internal review of its accounting practices for fiscal 2005 and earlier years.
 
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RIP
----
Jack Kilby, inventor of integrated circuit, dies




By Eric AuchardTue Jun 21, 5:27 PM ET


Jack Kilby, inventor of the integrated circuit, the basis of the computer chip revolution and foundation of what is now a trillion-dollar industry, died of cancer on Monday.

Kilby, 81, made the discovery 47 years ago, when, as a recently hired engineer at Texas Instruments Inc., he was left to work alone in a laboratory while most of his 7,500 colleagues were taking a company-wide summer vacation leave.

As a new hire, Kilby did not qualify to take a vacation in August 1958.

"It was a very quiet time and he got a lot done," said Pat Weber, 65, a long-time colleague and friend of Kilby's, who retired as vice chairman of Dallas-based Texas Instruments in 1998. The company announced his death on Tuesday.

Kilby, a seminal 20th-century inventor whom many place in the same league as Henry Ford and the Wright Brothers, won the Nobel Prize for Physics in 2000 for his work.

By hand-wiring together multiple transistors, Kilby's invention -- about half the size of a paper clip -- spawned a revolution in miniaturization in which millions of circuits are now housed on tiny pieces of silicon used in devices from computers to elevators to pacemakers.

Working in parallel at pioneering Silicon Valley company Fairchild Semiconductor, Kilby's rival Bob Noyce sketched out his own ideas for an integrated circuit in an engineering notebook -- then forgot about it, according to a new biography of Noyce's life.

Kilby, on the other hand, immediately recognized the value of his invention and built a working prototype in a matter of days, according to associates at Texas Instruments.

COLD WAR SPACE RACE

Development of the integrated circuit was driven by the Cold War space race with the Soviet Union after the 1957 launch of Sputnik, the first satellite in space.

"The drive was to integrate all these electronic components into one device," said Kevin McGarity, 60, a retired former head of sales at Texas Instruments. "It sounds so simple today. But it's actually revolutionary."

The integrated circuit initially helped Texas Instruments win a contract to supply chips for the Minuteman rocket.

Kilby and Texas Instruments were first to patent the integrated circuit. Noyce, who later co-founded Intel Corp, and Fairchild Semiconductor are credited with making the integrated circuit manufacturable on a mass production basis. While the competition sparked a 25-year patent battle between the companies over royalties from the invention, the "Kilby patent" weathered all legal challenges.

Jack St. Clair Kilby was born in Jefferson City, Missouri, on Nov. 8, 1923, and spent his childhood in rural Western Kansas. He graduated from the University of Illinois with a degree in electrical engineering in 1947 -- the year the electronic transistor was invented at AT&T. Kilby worked at Centralab, an early electronic circuit designer, for 11 years.

A holder of 60 patents who went on to become co-inventor of the first handheld electronic calculator, Kilby worked at Texas Instruments from 1958 until 1970 and continued on as a consultant until 1983. Texas Instruments is now the world's biggest maker of microchips used in mobile telephones.
 
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The Kingdom of TSP

June 22, 2005 Addendum

Ha! The summer doldrums pl, n. A period of listessness or despondency.

The primary movement of the market (direction) remains bullish. And we are still in the advancing trading channel. However, fundamentals + indicators = a mixed bag.

Risk/reward is now kind of high. The safe (conservative) play is to sit on the sidelines and see what unfolds.

Last seen the bulls were laying in the pasture, occasionally rubbing on a little suntan loition and watching the pick-up trucks go by! There was plenty of feed in the pasture. Ever so often a bull would get up and take a few munchies!

Rgds, and be careful! :zz Spaf
 
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C what I mean:

marketeye_622.GIF
 
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Tek - failed breakout - trending down.

:) Short that sucker - whatever that is.
 
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DMA wrote:
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.
YAAAAWWWWWNNNNNN....handle alert!!




DMA....uknow what they say: Never short a dull market!


 
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Indexes will grind you to powder. You have to attack sectors.

I have to admit I am on the wrong side of the jobless claim report. That surpised me. I went flat waiting for Mr Greenspan and Snow and try to find a trend and hopefully exploit it.

Glad you are posting again Tekno.

1000 home sale report. That "I hope" will change the direction of the 10 year.

Have a good day Buddy!
 
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GOOG:Pthe new inflated pig! hell at least jdsu, kana, bvsn, pmcs, sebland jnpr made something....good lord.

friggen search engine with a bigger market cap than GM, F, colgate......history repeats itself.

i tell ya we are in a melt up DMA.
 
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teknobucks wrote:
GOOG:Pthe new inflated pig! hell at least jdsu, kana, bvsn, pmcs, sebland jnpr made something....good lord.

friggen search engine with a bigger market cap than GM, F, colgate......history repeats itself.

i tell ya we are in a melt up DMA.
I am heavy the other way. I found my trend. :D
 
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Ya saw what I was shorting yesterday?

That is my theme.

I am all over it.

Have a good day. I got my trend...hopefully I can exploit it.

Be safe. :)
 
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I believe currency trading is 10x more in value then all the U.S. stock markets combined daily.

I spend most of my time trading currencies. Easier to figure out then stocks. :P P/Es, balance sheets, options, footnotes, etc, etc.
 
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The price of oil trumps everything else.

Market finally is waking up to realize that $60 a barrel is going to affect a lot of segments of the market, and $60 was not a fluke, but a new area to linger in.

Plus, I saw my local gas station jack up the prices yesterday by 20 cents a gallon.

Adminstrator- you made a good call on the swtich to G- I was later than you and only managed to move from 40% to 80% in G as of yesterday. But today shows that downward move you've looked for to mimic the 94.



Nicely tucked into G, so now we have to start thinking where is the bottom going to be, so that we get a good in-point.

Admin- what do you think the downside will be? 15% lower?



JP
 
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Yeah, my gas prices in the local areajumped over the last several days......guess Christmas will be off for many who hold a tight budget.......:?

I'm still looking for that 60 point drop....1147 on S&P is good, but may be a bit deep for many here including you Tom.:^

The Technician :dude:
 
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DMA wrote:
Ya saw what I was shorting yesterday?

That is my theme.

I am all over it.

Have a good day. I got my trend...hopefully I can exploit it.

Be safe. :)
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