Racer
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karmit said:I find these analysts and reporters very funny.... till today morning they were going gaga over INTC's outlook and had rave articles.... now after market open - and arguably some profit taking which led the price down - I happened to read this latest one:
"U.S. technology shares fell on Friday, hurt by a drop in shares of Intel Corp. (NasdaqNM:INTC - News) after the chipmaker raised second-quarter expectations but not by as much as some investors had hoped."
just a few hours ago these figures were supposed to lift the market - according to the same news agency
)))
I'm loving this!!!
cheers,
karmit
And don't supposed they noticed INTC went down after hours last night?
I note that some media pundits seem to take comfort in the most marginal of statistics. Today several of them expressed satisfaction over the $57bn trade deficit being a $1bn less than anticipated. They seem to ignore the fact that in the first 4 months of the year the deficit has grown by 22% over the same period last year and is currently headed towards $750bn this year ! Any potential revaluation of the Yuan is not going to be the solution to that problem !
Ultimately this can only be tackled by choking off consumer demand and that means interest rate rises, unless the dollar collapses or the US puts up trade barriers and returns to isolationism.
Lets see how the domestic budget deficit pans out today. I'm sure there will be people looking for comfort there too if it is less than expected. US government spending has spiralled out of control and, as Greenspan pointed out yesterday , cannot continue like this indefinitely. If they can't curb their spending how are they going to bring this under any kind of PAYGO control !
Raising taxes is the obvious answer but Bush will never do that so the circus will carry on at least until 2008 and he will continue to rely on the sale of Treasury bonds to finance this. These musical chairs can't continue indefinitely either and when the sale of Treasury bonds to overseas banks start to decline then they will have to sell more domestically. How will they be able to do that ? - Well by raising interest rates of course to improve yields in order to stimulate a greater domestic bond demand.
All roads appear to lead to Rome !
Ultimately this can only be tackled by choking off consumer demand and that means interest rate rises, unless the dollar collapses or the US puts up trade barriers and returns to isolationism.
Lets see how the domestic budget deficit pans out today. I'm sure there will be people looking for comfort there too if it is less than expected. US government spending has spiralled out of control and, as Greenspan pointed out yesterday , cannot continue like this indefinitely. If they can't curb their spending how are they going to bring this under any kind of PAYGO control !
Raising taxes is the obvious answer but Bush will never do that so the circus will carry on at least until 2008 and he will continue to rely on the sale of Treasury bonds to finance this. These musical chairs can't continue indefinitely either and when the sale of Treasury bonds to overseas banks start to decline then they will have to sell more domestically. How will they be able to do that ? - Well by raising interest rates of course to improve yields in order to stimulate a greater domestic bond demand.
All roads appear to lead to Rome !
we really seem to be bogged down. I was hoping that we would have achieved a breakout. It looks like this will be 16 days in this range now. Any one got interesting stats? One thing on note, the 10 year note might be topping out which should start giving equities a little more headwind. Bring on 10400.
roguetrader
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Coming out of lunch,Market internals continue to deteriorate but still not to alarming levels.
Interestingly volume is now significantly lagging yesterdays pace on both markets.
Interestingly volume is now significantly lagging yesterdays pace on both markets.
roguetrader
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hariab said:
Looks better than expected
A little lower than expected at $35bn but that still puts them on track for around $375bn this year.hariab said:
To try and put these numbers in to some perspective thats a forecasted $750bn trade deficit and a $375bn budget deficit in 2005 ! In 2000, the year prior to the Bush Presidency there was a budget surplus of $127bn. Bush turned this into a $159bn deficit within 12 months and this deficit has expanded every year since the.
http://www.nyse.com/Frameset.html?displayPage=/marketinfo/ProgramTrading.html
Is it significant that program trades are increasing ?
May 30th to June 03rd at 62. 6% up from 54.2%
Is it significant that program trades are increasing ?
May 30th to June 03rd at 62. 6% up from 54.2%
Racer
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Soon there will be no one at the desks cos they will all be on hols and will leave the computers to work. They will leave their thoughts behind in the computers to trade for them so it will be like a manic depressive jumping on several see-saws a day
roguetrader
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The sort of article a bullish leaning does not want to see.
http://www.marketwatch.com/news/sto...6FD-44FC-97EE-D6BFBCA4DA8C}&siteid=mktw&dist=
http://www.marketwatch.com/news/sto...6FD-44FC-97EE-D6BFBCA4DA8C}&siteid=mktw&dist=
sandrab
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May 30-3 62.6%
May 23-27 54.2%
May 16-20 54.2%
May 9-13 54.9%
May 2-6 56.5%
April 25-29 57.0%
April 18-22 57.4%
April 11-15 55.7%
April 4-8 56.2%
March 28-1 59.9%
March 21-25 55.7%
March 14-18 71.4%
March 7-11 52.8%
February 28-4 53.7%
February 21-25 54.4%
February 14-18 53.4%
February 7-11 49.5%
January 31-4 52.1%
January 24-28 52.1%
January 17-21 55.9%
January 10-14 59.5%
what does his prove to where the dow is going?
pls somebody explain
May 23-27 54.2%
May 16-20 54.2%
May 9-13 54.9%
May 2-6 56.5%
April 25-29 57.0%
April 18-22 57.4%
April 11-15 55.7%
April 4-8 56.2%
March 28-1 59.9%
March 21-25 55.7%
March 14-18 71.4%
March 7-11 52.8%
February 28-4 53.7%
February 21-25 54.4%
February 14-18 53.4%
February 7-11 49.5%
January 31-4 52.1%
January 24-28 52.1%
January 17-21 55.9%
January 10-14 59.5%
what does his prove to where the dow is going?
pls somebody explain
sandrab said:
An answer of sorts
http://jessel.100megsfree3.com/ProgrammingTrading.png
&
http://jessel.100megsfree3.com/WhateverHappened2.png
sandrab said:
Notice in the period March 14th -18th the highest of 71.4% the Dow was in steep decline,also of the 62.6 % 30th May 3rd June period 31.8% was selling.These figures are
NYSE so maybe they cover the overall market and not just the Dow.
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Stat could suggest move on monday
The Dow spent 16 consecutive sessions from the end of March stuck in the 10400 to 10550 range, then fell 400 points in three days. Fridays close was the 16th session in a row in the current range. It might not break out on Monday but there must be an increased chance as traders are probably aware of this statistic.
Many European indices are at or near their year highs so maybe the move will be up. Also, the Dow does not always fall in the summer and many analysts are saying shares are undervalued.
lemput said:
The Dow spent 16 consecutive sessions from the end of March stuck in the 10400 to 10550 range, then fell 400 points in three days. Fridays close was the 16th session in a row in the current range. It might not break out on Monday but there must be an increased chance as traders are probably aware of this statistic.
Many European indices are at or near their year highs so maybe the move will be up. Also, the Dow does not always fall in the summer and many analysts are saying shares are undervalued.
Joules MM1 said:
Okay Joules thanks for that,took a look at what you suggested. Note the 200sma currently
sitting at 10425 supporting the consolidation. While the 100day runs through the middle of it,and the 50 day at 10355
NYSE comp 30th May to 4th June Adv stocks 7454 Declining -5606
Adv volume 400,399,968 Declining volume -32,388,282 = 7,651,686
Period 14th to 19th March = Adv. Volume: 44,889,130 Decl. Volume: -58,426,239
Total: -13,537,109 Advancing Stocks: 6,789 Declining Stocks: -9,406
Total =-2,617
Things look bullish from this info,but short/medium term I am still bearish.I note while we are in this range we try for a high about every 4 sessions but the last high 7th june was not so high
as 1st June/ momentum price gain and loss has slowed right down indicating weakness,so due to attempt another high Mon/Tue then down again,maybe the big drop to 10200 before climbing back up again.Thats only my opinion and as always we will have to wait to see what happens.
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