Where is the Dow & others heading in 2005?

[Racer]

daily NIK indicating down 140 now (after 314 decline yesterday)
Interesting to note NIK hit fibonacci and then turned.

Overnight Dow futures have been following bullish NIK very closely up to now.. yeah that ole excuse
So we shall see how they cope with it going down!
And NasC not looking too bullish today and also another sell off at end of day in US.. okay Dow didn't close down but they used the chance to sell

Also watch DAX, good indicator of mood.. lately it hasn't been too keen to go up and initial markups have been sold into. tomorrow looks like another markup day.

 

[Racer]

NIK down 210
Dow futures up 4!

 

[Pat494]

Remedies for boredom
1. Double your bets
2. Hire pretty secretary to watch the wiggly line between er " other duties "
:cheesy:

 

[tradesmart]

Monday:-
Assuming today’s high at 810ish as an ‘apex’, 10885 may be the (highly speculative..!) target imho….

Target hit yesterday, so nice to know that the t/a works.......

Today’s target for me is to fill yesterdays opening gap at around 10820 – it’s a Quadruple witching tomorrow and I suspect that the options houses will try and shaft the call holders as best they can.

Tom Hougaard puts it very well:-

“It could be quite an emotional day today as there is a major cycle hitting during the trading day around 16:00. You should be on your toes for sharp reversals. It is full moon today and it takes place during the trading session.”

The Naz has had limited upside traction in recent days and bonds have broken out (chart attached) Maybe this will scupper the prospects for a Santa Rally….! (but I hope not..)

ps - try and avoid howling at the full moon, it can affect your trading....

 

[Racer]

tic data out today

http://www.treasury.gov/tic/ticpress.html


TIC Data - Funding The US Deficit
http://www.dailyfx.com/story/special_report/special_reports/36_tic_data__funding_the_us.html

 

[FetteredChinos]

arent bullish bonds precursors for bullish indices?

im off to go and practice my lycanthropy...

 

[Pat494]

arent bullish bonds precursors for bullish indices?

im off to go and practice my lycanthropy...

Go on - tell us what is lycanthropy ?
The dictionary is around here somewhere I expect.

 

[dc2000]

Lycanthropy is a mental disorder in which the sufferer believes that they are a wolf or some other beast. It has been linked by modern medical doctors to the disorders schizophrenia, organic brain syndrome with psychosis, psychotic depressive reaction, dissociative-type hysterical neurosis, manic depressive psychosis and psychometer epilepsy. Hallucinogenic plants and fungus--infected grains have been at the root of many outbreaks of lycanthropy over the centuries.

 

[Racer]

Illinois Supreme Court Set to Rule on $10.1 Billion Judgment Against Philip Morris

http://biz.yahoo.com/ap/051215/cigarette_lawsuit.html?.v=2

"Attorneys representing 1.1 million light cigarette smokers argued the company knew when it introduced light cigarettes in 1971 that they were no healthier."

I think the choice of words there leaves a bit to be desired!

 

[dc2000]

touchey away da do da dooo

 

[dc2000]

lets get this party started da da da do do


da da da da turn turn turn

 

[leovirgo]

WASHINGTON (AFX) -- Capital flows into the United States rose to a record
$106.8 billion in October, led by private investors' purchases of securities,
the Treasury Department said Thursday.
Net foreign purchases of long-term domestic securities were $110.8 billion.
Foreign official institutions accounted for $13 billion of these purchases,
while private investors bought $97.3 billion.

More reasons for a continued rally? I am not sure how the purchases are split into stocks and others like bonds etc.. But it shows US of A is still attracting foreign capitals despite its alltime high trade deficits, in a way compensating the ill effects.

 

[macbonzo]

This market is extremely volatile. Be careful everyone.

 

[Pat494]

arent bullish bonds precursors for bullish indices?

im off to go and practice my lycanthropy...

Sorry FC didn't know you had a medical condition ( or being funny ?)

 

[mark twain uk]

they started early the triple witching bee-dance

 

[dc2000]

Too easy drill sergeant


To those in the know dont be greedy 75 points will do

 

[dc2000]

We dont want 200 points

do we?

 

[Gap Man]

Not now I've closed - took everything off at 936 - then caught 40 odd points back down....

You still short?

 

[dc2000]

yup
stop now at break even so free trade and not going to be greedy even though the original Long entry has not cancelled

 

[Racer]

Net Foreign Buys Of US Securities $106.8B In Oct -2-

Also, foreigners recorded $34.1 billion in net foreign purchases of
corporate bonds in October, down from $51.1 billion in net purchases
in September.

Net foreign equities and bond purchased by U.S. residents - which
affect the overall net capital inflow figure - was $3.5 billion in
October, down from $16.4 billion the previous month.

Total foreign holdings of Treasury bills, notes and bonds was $2.102
trillion in October, the report said. This was up from $2.066 trillion
in September.

Foreign official holdings of Treasury bills, notes and bonds rose to
$1.239 trillion in October from $1.230 trillion the month before.

Japan remained the largest holder of U.S. Treasury securities. Its
holdings fell in October to $681.6 billion from $687.3 billion in
September.

China remained the second-largest holder of U.S. Treasurys, with its
stake falling to $247.6 billion from $252.2 billion the previous month.

The U.K. remained in third place as its holdings rose to $187.1
billion from $182.4 billion.

Treasury holdings in Caribbean banking centers, which are associated
with investment funds, rose to $113.5 billion from $102.9 billion.


(my highlight)