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OI Technical Staff : 2/22/2006 9:59:59 PM

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Jeff Bailey : 2/22/2006 9:58:14 PM

Update ... In today's MM we looked at a bar chart's relative strength of April Unleaded vs. April Crude Oil and slapped a retracement on it. Check it out Link

Now here's the StockCharts.com PnF chart, 0.20-point box at this Link which uses CONTINUOUS unleaded vs. CONTINUOUS $wtic.

From the bar chart, we can see how crude's decline played "catch up" to unleaded.

This is more educational than anything. I often ask myself ... "how can this help me/us make money?"

This "crack spread" stuff is tricky isn't it? If oil and unleaded both to in the tank, but oil at a faster rate, does this assure us that refiners will trade higher? NO!

But, what I do hope some of this stuff I'm looking out, helps traders "understand" why refiners might be weak, or strong.

It is one thing (a bad thing) to be long/short a stock and see it move gainst you. It is perhaps even worse to not have any idea why a refiner might be moving as it does.

I think I understand "what went wrong" with yesterday's bullish entry, but at the time, the crack spread looked favorable and improving.

Yes, I got whacked by the crack today. Tomorrow?

Things can move fast. The charts show that.

Jeff Bailey : 2/22/2006 9:25:38 PM

Discolure I currently hold puts on ICE and a short position in the underlying stock.

I was working up some numbers late this afternoon for ICE and what the $50 puts might trade should the stock make that spike lower from current downward regression channel.

The implied volatility on these options is suddenly all over the place, but I came up with $4.20 with an ICE trade at MONTHLY Pivot.

Jeff Bailey : 2/22/2006 9:19:19 PM

ICE Earnings before tomorrow's opening bell alert ... Trader note: Dear Jeff,

In addition to asking for your reasons for liking ICE short, I just realized I am stuck with 3 options over earnings tomorrow. I hope I don't get killed, thought I made some money by selling 4 other March 55 puts with the cute symbol name of ICE OK.

They usually surprise with upside earnings?

Take care, Silvio

Reply ... Silvio:

I didn't realize they reported tomorrow. I do see now that it is prior to the open.

ICE came IPO just a few months ago, so no track record that I can draw on.

I see 3 analysts covering stock with average estimate $0.27 for the recent quarter. Low/High estimate is $0.25/$0.28 a share.

To tell you the truth Silvio, had I KNOWN ICE was reporting earnings tomorrow morning, I would have probably suggested that traders took 1/2 of their position off the table on that kiss of WEEKLY S2. I was on the phone and working on the chart for "what to look for tomorrow morning" as it happened.

So... you took 4 off the table, holding 3, and I can't say I would have changed a thing. You took some profits, now wait.

I outlined a $53.00 stop and updated a strategy in today's MM. While that commentary was guided toward the $50 puts, I think a $55 put holder could use similar info?

Good gravy! So many things tomorrow. I'm going to be HOPPING. Better get my sleep tonight huh?

Stock traded lower INTO earnings. ICE bears would like that to be the hint for things to come.

Should be a wild session tomorrow!

Jeff Bailey : 2/22/2006 8:13:37 PM

Current OPEN MM Profiles found at this Link

Today's Activity ... Swing traded short shares of Valero Energy (VLO) at $54.75, stop $55.60 with target of $52.86. This is a "pairs trade" near-term hedge against the SUN Aug $85 Call as the crack spread between Unleaded and Crude Oil moves against the bull.

Swing traded long the Google GOOG Mar $400 Call (GOP-CT) at the offer of $4.40. Stop goes at $2.00, targeting $392 for now.

Established a stop on the ICE Mar $50 Puts (ICE-OJ) at $2.50, where I would think it takes a trade at $53.00 in the underlying. Last tick in tonight's extended was $50.50. Post-market high was $52.00.

Note: Last trade for the SUN Aug $85 Call (SUN-HQ) was $4.70. I have today's H/L being $4.90 x $4.70 with 16 contracts traded.

Jeff Bailey : 2/22/2006 7:34:33 PM

Bullish call option target adjustment ... After observing ICE's action at WEEKLY S2.... Let's adjust bullish target on the Google GOOG Mar $400 Call (GOP-CT) to $392 for the underlying. (see bar chart(s) from 01:35:06 and 02:50:11)

Jeff Bailey : 2/22/2006 7:07:40 PM

Closing Internals found at this Link ... Volumes at both the NYSE and NASDAQ were "brisk."

The bullish leadership at the NYSE, as depicted by the NH/NL ratios is mind boggling! Almost an exact match as that found on 02/01/06, the day after that "doji top" of 01/31/05 Link

Jeff Bailey : 2/22/2006 6:28:37 PM

Closing U.S. Market Watch found at this Link

Tomorrow's distillate numbers may be the inventory figures to watch. Heating Oil is a distillate and I don't have a "distillates" futures contract to measure against. Still, heating oil, AKA as "No. 2 fuel oil," accounts for about 25% of the yield of a barrel of crude, the second largest cut after gasoline.

If you were a refiner, would you be turning out Unleaded at $1.54, or possibly distillates at $1.66?

Jeff Bailey : 2/22/2006 6:05:37 PM

04:12 PM EST Tempteratures with April Nat. Gas and Heating Oil futures settlement at this Link

April Unleaded settled down 3.38% at $1.5514.

April Crude Oil settled down 2.83% at $61.01.

Jeff Bailey : 2/22/2006 5:30:19 PM

ICE Closing Options Montage at this Link ... The "switch" in DnTick/UpTick and volume jump in the Mar $55 Calls (ICE-CK) has the look that somebody knew something, or thinks they do.

My QCharts only shows CBOE trades. My Ameritrade Level II has the ICE-CK trading 435 contracts today (ISEX, PACX, PHLX, AMEX and CBOE combined)

Jeff Bailey : 2/22/2006 5:14:32 PM

Swing trade put establish stop alert ... for the IntercontinentalExchange ICE Mar $50 Puts (ICE-OJ) at $2.50.

Using an implied volatility of 0.8338 and a stock price of $53.00, I calculate that at $53.00, these options would be worth $2.85.

It depends on what IV does.

While I don't understand this evening's bullishness to $52.00, I'll protect near-term.

At 12:30 I captured this ICE option montage Link and was upset that implied volatility was so low.

Careful what I wish for?

Jeff Bailey : 2/22/2006 5:01:39 PM

There's never a dull moment is there?

Jeff Bailey : 2/22/2006 4:52:55 PM

ICE ... Using $49.23 close, DAILY Pivot Levels for tomorrow are ... $47.38, $48.31, Piv= $49.07, $50.00, $50.76.

Jeff Bailey : 2/22/2006 4:35:19 PM

ICE $49.23 -0.82% ... $51.90 in extended. (scratching my head)

Jeff Bailey : 2/22/2006 4:34:19 PM

Here's a news item from Reuters regarding ICE extending contract months for WTI Crude and Brent Crude futures contracts Link

Jeff Bailey : 2/22/2006 4:23:59 PM

ICE $49.23 -0.82% ... Here's what to look for tomorrow. OK, there was a buyer at WEEKLY S2, but there has also been a consistent seller at WEEKLY S1. Link

Jonathan Levinson : 2/22/2006 3:47:31 PM

QQQQ has retraced yesterday's losses and then some, undoing the damage on the daily cycle indicators. Link

Jeff Bailey : 2/22/2006 3:40:15 PM

ICE-OJ are $3.80 x $4.10

Jeff Bailey : 2/22/2006 3:39:40 PM

ICE alert $48.16 -2.98% ... WEEKLY S2 here. MONTHLY Pivot at $47.33.

Jonathan Levinson : 2/22/2006 3:25:32 PM

Volume breadth weaknes to +1.9:1 on the NYSE, +1.8:1 on the Nasdaq.

Jeff Bailey : 2/22/2006 3:18:50 PM

03:00 Internals found at this Link

Jonathan Levinson : 2/22/2006 3:10:57 PM

QQQQ trading both sides of the 72 SMA here, the short cycle indicators drifting directionless: Link

Jeff Bailey : 2/22/2006 3:03:51 PM

03:00 Market Watch found at this Link

Jonathan Levinson : 2/22/2006 2:59:49 PM

LONDON (AP) -- A gang of armed robbers tied up 15 employees at a southern England security company and stole the equivalent of $43.5 million, the Bank of England said Wednesday.

The money, about 25 million pounds in bank notes, was stolen overnight from a cash center at Tonbridge in Kent county, a bank spokesman said. No one was injured in the robbery.

At least six men participated in the robbery, Kent police said, and 15 staff members on duty at the security company were tied up during the heist. The thieves, who wore balaclavas and carried handguns, were in the security company building for more than an hour, police said.

Detective Superintendent Paul Gladstone said the robbery was clearly planned in detail over time.

Link

Jeff Bailey : 2/22/2006 2:55:15 PM

Oh great ... a call and short on the crack spread of oil/unleaded.

A put on ICE which can move quicker that you can say "deep freeze."

Now a GOOG long!

Should keep me busy

Jeff Bailey : 2/22/2006 2:52:45 PM

ICE alert $48.95 -1.39% ... probes session lows.

Jeff Bailey : 2/22/2006 2:50:11 PM

Google (GOOG) 365.80 -0.21% ... we looked at Daily interval bar chart earlier. Here's 30-minute interval chart at this Link

Jonathan Levinson : 2/22/2006 2:46:50 PM

Headline:

2:45 White House: Congress will come around on ports

Jeff Bailey : 2/22/2006 2:42:08 PM

EIA Crude Oil, Unleaded Gasoline and Distillate Table where I plugged in JP Morgan's estimates at this Link

I didn't catch their distillate estimate.

Changes at the bottom include JP Morgan's estimates.

Jonathan Levinson : 2/22/2006 2:40:58 PM

QQQQ tests 72 SMA support for the first time since breaking above it at 10AM today. Link

Jonathan Levinson : 2/22/2006 2:30:24 PM

Volume breadth holds at +2:1 on the NYSE, +2.05:1 on the Nasdaq.

Jonathan Levinson : 2/22/2006 2:17:42 PM

QQQQ continues to hold above the 72 SMA, but the 30 min channel has flattened at the top of its run. Bears need to see a break of 41.20 to turn it down. Link

Jeff Bailey : 2/22/2006 2:11:39 PM

Current OPEN MM Profiles found at this Link

"B" is for Benchmarks to when the option was profiled.

Earlier I discussed ICE Mar $50 Puts vs. the underlying stock.

Jeff Bailey : 2/22/2006 1:46:51 PM

Implied Volatility on the GOP-CT was 39.86 at time of profile.

Jonathan Levinson : 2/22/2006 1:43:49 PM

QQQQ's short cycle bearish divergences are kicking in, but the wavelet is getting bottomy. If the bears mean business, then the short cycle downphase should force the wavelet to begin trending in oversold. 72 SMA support is up to 41.18, below which the 30 min cycle upphase will stall. Link

Jeff Bailey : 2/22/2006 1:42:28 PM

Filled on the GOP-CT for $4.10 ($4.00 x $4.20)

GOOG $366.65

Jeff Bailey : 2/22/2006 1:39:39 PM

Swing trade bullish call alert for the Google GOOG Mar $400 Calls (GOP-CT) at the offer of $4.40.

Stop $2.00

Target $395.

Jeff Bailey : 2/22/2006 1:37:54 PM

Let's take a shot ....

Jeff Bailey : 2/22/2006 1:35:06 PM

Google (GOOG) $367.34 +0.20% ... quiet, almost too quiet Link ... MACD juuuust moving above signal. PINK 19.1% trying to serve some support.

Jonathan Levinson : 2/22/2006 1:22:07 PM

Session lows for crude and natgas, -1.95 at 60.80 and -.40 at 7.33 respectively.

Jeff Bailey : 2/22/2006 1:23:14 PM

Sport-Haley (SPOR) $5.29 +7.52% ... very thinly golf apparel maker. UBSS just snuck up on the bid to take 2,300 shares at $5.29. That market maker has been a quiet buyer the past week or two. Might be getting a little more aggressive.

Here is what I think a bullish catalyst into this summer for a small cap turnaround Link

Jeff Bailey : 2/22/2006 1:18:41 PM

01:05 Internals found at this Link ... That's correct, or so it looks. Just 6 new lows on the big board. Despite an inverted yield curve.

Jonathan Levinson : 2/22/2006 1:12:18 PM

Foreign central banks took 6.6B of today's 21B 2-year note auction. The high yield was 4.689%, 2.24 bids tendered for each accepted.

Jeff Bailey : 2/22/2006 1:09:51 PM

01:05 Market Watch found at this Link

Jeff Bailey : 2/22/2006 1:02:49 PM

CNBC reporting that JP Morgan is looking for a build of 1.3 for Crude and 2.8 for Gasoline.

Jeff Bailey : 2/22/2006 1:00:23 PM

Relative Strength Chart of SUN vs. VLO ... You traders are going to get the best of me! You've learned way too much.

Believe me ... YESTERDAY, at time of profile, SUN was showing some relative strength vs. VLO

See the "2"... that's when we shorted VLO on 02/01/06 at $61.30. If memory serves me correct, it was about a day or two later than SUN caved in.

Jonathan Levinson : 2/22/2006 12:55:19 PM

Volume breadth holding +2.17:1 on the NYSE, +2.05:1 on the Nasdaq.

Jeff Bailey : 2/22/2006 12:47:42 PM

ICE Option Montage at this Link

Option montage captured back on 02/15/06 at this Link

The March $50 Calls (ICE-CJ) are about the only March contract that stick out as having greater OI.

That would hint of covered call selling. Perhaps NAKED and long liquidation of the stock?

Jonathan Levinson : 2/22/2006 12:40:28 PM

Bearish divergences showing now in the trending short cycle indicators, but bears need to see the slightest bit of price traction to suggest it's the real thing. With the 72 SMA well below at 41.00, the benefit of the doubt goes easily to the bulls on a 30/60 min cycle basis. Link

Jane Fox : 2/22/2006 12:40:22 PM

Dateline CNN Eight workers at a meat processing plant in Nebraska are the winners of a record $365 million Powerball jackpot, AP reports.

Jeff Bailey : 2/22/2006 12:28:03 PM

IntercontinentalExchange (ICE) $49.17 -0.94% ... Quick update here.

A couple questions regarding StockCharts.com's PnF chart Link and Dorsey/Wright's Link

I can't say that Dorsey's trend is "better," but a lot of institutions use Dorsey's charts. Dorsey's bullish support trend makes a little more sense to me as it hasn't been until that trade at $53 that ICE ever gave a "sell signal."

I don't know about you, but I'm not overly happy with how Implied Volatility in the March $50 Puts has been acting. This stock has done nothing but go down since bearish profile and stock short would have been more rewarding to this point.

If we get the crack lower to Dorsey's bullish support trend, I say we close at least 1/2 of the position, then lower a stop on the other 1/2. Implied Volatility jumps in the $50's, but boy you've got to be quick to get it and try and pick the spike relative low.

Jonathan Levinson : 2/22/2006 12:18:41 PM

Foreign central banks took a mere 2B of today's 19B 4-week bill auction. High-rate was 4.35%, the yield 4.425%, bid to cover 2.08.

Jonathan Levinson : 2/22/2006 12:13:10 PM

Volume breadth up to +2.21:1 on the NYSE, +2:1 on the Nasdaq.

Jeff Bailey : 2/22/2006 12:08:01 PM

El Paso Corp. (EP) $13.22 -2.29% Link ... bugger snuck up on my to $13.50 of late.

Jeff Bailey : 2/22/2006 12:03:03 PM

Speaking of EIA data. One statistic The Stock Trader's Almanac notes for March bullish seasonalities (pg. 80 & 116) is in regards to Natural Gas equities (XNG.X) . 10-year history has bullish seasonlity starting at the end of February and running through early June. Average 10-year gain is 19.6% while Average 5-year gain was 10.4%.

Expanded PnF chart of the XNG.X at this Link ... Feb=2, Mar=3... June=6, July=7

Jeff Bailey : 2/22/2006 11:51:40 AM

I thought that looked like last week's data.

Jonathan Levinson : 2/22/2006 11:49:38 AM

So far QQQQ is bumping its head on Friday's resistance, the short cycle indicators maxxed out and looking for a correction. Volume breadth at +1.7:1 is strong but not overwhelming. Link

Jonathan Levinson : 2/22/2006 11:38:52 AM

Yesterday's decline now completely reversed for the Qs, volume breadth up to +1.75:1: Link

Jonathan Levinson : 2/22/2006 11:30:10 AM

Great catch from Linda, who noted that the EIA data will be released tomorrow. Not only did I goof that one, but so did Briefing.com, although it's since been corrected on their site as well. Thanks, Linda!

Jeff Bailey : 2/22/2006 11:30:52 AM

11:00 Internals found at this Link

Yesterday's Internals at this Link

Jonathan Levinson : 2/22/2006 11:23:43 AM

QQQQ pops back above 41.00, the 60 min channel turning up: Link

Jeff Bailey : 2/22/2006 11:06:14 AM

11:00 Market Watch found at this Link

Jeff Bailey : 2/22/2006 11:02:59 AM

Current OPEN MM Profiles found at this Link

Jonathan Levinson : 2/22/2006 10:59:50 AM

Session high for QQQQ at 40.94, the channels now starting to rise as price holds above 72 SMA support. Link

Jonathan Levinson : 2/22/2006 10:49:32 AM

Volume breadth holds just above neutral at +1.26:1 on the NYSE, +1.04:1 on the Nasdaq.

Jeff Bailey : 2/22/2006 10:48:39 AM

Amazon.com (AMZN) $37.74 -1.43% ... "weak sister" since option expiration.

Jeff Bailey : 2/22/2006 10:44:35 AM

Bearish swing trade short alert ... for Valero Energy (VLO) $54.75 -1.38% here, stop $55.60, target .... $52.86.

Jeff Bailey : 2/22/2006 10:42:41 AM

April Unleaded (hu06j) bar chart we've been using at this Link

Jonathan Levinson : 2/22/2006 10:31:17 AM

From the EIA website:

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) climbed by 4.9 million barrels from the previous week. At 325.6 million barrels, U.S. crude oil inventories remain well above the upper end of the average range for this time of year, and are at the highest level seen since the week ending June 24, 2005. Total motor gasoline inventories rose by 2.2 million barrels last week, putting them above the upper end of the average range. Distillate fuel inventories increased by 0.9 million barrels last week, but remain well above the upper end of the average range for this time of year. An increase in low-sulfur distillate fuel (diesel fuel) inventories offset a decline in high-sulfur distillate fuel (heating oil) inventories. Total commercial petroleum inventories jumped by 4.2 million barrels last week, and remain well above the upper end of the average range for this time of year.

Jonathan Levinson : 2/22/2006 10:30:57 AM

The short cycle is topping out here on QQQQ, but bears need to see south of the 72 SMA at 40.76 for confirmation. Still a rather weak 30 min cycle upphase. Link

Jeff Bailey : 2/22/2006 10:30:06 AM

April Unleaded vs. Crude Relative Strength Bar chart and SUN bar chart at this Link ... Obviously not a good long entry point yesterday and it would appear SUN bulls need a RS reading above 0.0264 (26.42 on PnF chart) to get SUN above $80.00.

Jonathan Levinson : 2/22/2006 10:17:30 AM

Volume breadth +1.35:1 on the NYSE, +1.11:1 on the Nasdaq.

Jonathan Levinson : 2/22/2006 10:09:33 AM

QQQQ pops back above 72 SMA resistance. Next resitsance is at 40.90, being yesterday afternoon's high- followed by the channel resistance and old confluence from 40.95-41.00. Link

Jane Fox : 2/22/2006 10:06:27 AM

Dateline WSJ Consumer prices surged last month on higher energy and food costs but underlying price pressures remained largely contained.

The Labor Department said Wednesday that its consumer price index rose by a seasonally adjusted 0.7% in January after decreasing 0.1% in December. The so-called core index, which excludes food and energy, climbed 0.2%, after a 0.1% rise the previous month. Economists surveyed by Dow Jones Newswires and CNBC had forecast a 0.5% increase in the overall index and a 0.2% rise in the core rate.

Consumer prices stood 4% higher than a year ago. Core prices rose a more modest 2.1% in the 12 months ending January.

Some economists say that quirks in the calculation of the CPI may be causing inflation to be overstated during the winter and understated in the rest of the year. The quirk appears only in the total index, not the core index, which excludes food and energy

Jeff Bailey : 2/22/2006 10:04:01 AM

10:00 Market Watch at this Link

Jeff Bailey : 2/22/2006 9:59:11 AM

Valero (VLO) $54.89 -1.13% ... Late yesterday the company said it briefly reduced the charge to a delayed coking unit at its 250,000 barrel per day refinery in Port Arthur, TX, on Sunday but there was no impact to production.

The delayed coking unit converts low value residual products to lighter products of higher value.

Jonathan Levinson : 2/22/2006 9:57:37 AM

The Fed announces a 9B overnight repo, draining net 4B against the 13B expiring. The stopout rate rose to 4.49%, up 2 bps and showing a slight increase in demand for the money on the part of the Fed's dealers.

Jonathan Levinson : 2/22/2006 9:56:32 AM

I forgot the 2 year note auction, 22B worth, also for today- but I don't know how much is maturing against it.

Jonathan Levinson : 2/22/2006 9:54:32 AM

The Fed has 13B in various repos expiring today, as well as the 4-week bill auction that will draw 7B in new cash from the system. The Fed's coupon pass will add just over 1B back, but unless there's a big net add from the Fed, the liquidity picture looks to tighten today.

Jonathan Levinson : 2/22/2006 9:49:23 AM

QQQQ hanging on just above the flat 72 SMA. So far, the upturn in the 30 min cycle is weak, but it could be a sideways move to consolidate the 60 min cycle bottom, which always lags. Bulls need a break above 40.95. Link

Jeff Bailey : 2/22/2006 9:45:45 AM

April Unleaded (hu06j) down 3 cents, or 1.87% at $1.57.

April Crude Oil (cl06j) down 22 cents, or -0.35% at $62.03.

VLO $54.84 -1.22%

SUN $76.32 -1.47%

Jonathan Levinson : 2/22/2006 9:39:02 AM

I'm hearing that others can't get Qcharts either.

Jonathan Levinson : 2/22/2006 9:35:04 AM

Volume breadth is +1.43:1 on the NYSE, +1.11:1 on the Nasdaq here at the open.

Jonathan Levinson : 2/22/2006 9:33:01 AM

QQQQ's 72 SMA support us at 40.74, 30/60 min channel support at 40.52-.58, and resistance at 40.95. Link

Jonathan Levinson : 2/22/2006 9:25:22 AM

QQQQ's 30 min cycle is on a buy signal from overbought, but the price pattern is flaggy and corrective so far. The 60 min cycle is trying to turn up, while yesterday's bearish engulfing candle for the day has stalled the daily cycle upphase. Direction is up for grabs, but the intraday cycles are due for an upphase. I will update the intraday levels when they refresh at the opening bell.

Jonathan Levinson : 2/22/2006 8:34:16 AM

Ten year notes are off their lows, still negative- TNX is up 1.2 bps to 4.575%, IRX +.7 bps at 4.452%.

Jonathan Levinson : 2/22/2006 8:31:16 AM

Headlines:

U.S. Jan. CPI up 0.7% vs. 0.5% expected

U.S. Jan. core CPI up 0.2% as expected

U.S. CPI up 4% in past 12 months; core CPI up 2.1%

U.S. Jan. energy prices up 5%

U.S. Jan. housing prices up 0.5% on hotels

U.S. Jan. electricity prices rise record 5.5%

U.S. Jan. food prices up 0.5%

U.S. Jan. physician prices fall record 0.8%

Jonathan Levinson : 2/22/2006 8:04:20 AM

NEW YORK, Feb 22 (Reuters) - U.S. mortgage applications increased for the first time in four weeks as a rebound in demand for loans to purchase homes more than offset a decline in refinancing, an industry trade group said on Wednesday.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended Feb. 17 rose 0.8 percent to 578.5 from the previous week's 574.1.

The MBA's seasonally adjusted purchase mortgage index -- considered a timely gauge on U.S. home sales -- rose 4.3 percent to 408.7 from the previous week's 391.7, which was its lowest level in over two years.

Despite last week's climb, purchasing activity was at its lowest level since the week ended Jan. 7, 2005, when the index hit 393.1.

Link

Jonathan Levinson : 2/22/2006 7:52:31 AM

Equities are flat to hihger, ES trading 1286.5, NQ 1661, YM 11088 and QQQQ -.01 to 40.74. Gold is down 3 to 553.5, silver is down .054 to 9.489, ten year notes are -5/64 to 107 55/64, crude oil is -.675 to 62.075, and natgas is -.23 to 7.50.

We await the CPI and Core CPI at 8:30, est. .2% and .5% respectively, followed by the EIA petroleum report at 10:30.

Jeff Bailey : 2/22/2006 3:06:44 AM

Yahoo! Inc. (YHOO) $32.39 Link ... last tick was $32.40.

Jeff Bailey : 2/22/2006 3:04:51 AM

QQQQ $40.75 Link ... last tick was $40.75

Jeff Bailey : 2/22/2006 3:03:57 AM

Google (GOOG) $366.59 Link ... last tick was $366.50.

Jeff Bailey : 2/22/2006 3:02:34 AM

BAIDU.com (BIDU) $51.69 Link ... last tick in extended session was $57.75 after earnings.

Reuters story Link

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