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Tab Gilles : 3/23/2006 11:42:54 PM

Murphy Oil (MUR) Finally... close above $48![ As per 3/22 6:52:26 PM post; 25% Fib Retracement]

*Close above SAR. *Bullish CMF. *MACD about to go positive. Link Link

Jan '07 $45 Call LEAP (OBYAI) At the close bid $7.20/ Ask $8.20

OI Technical Staff : 3/23/2006 9:59:59 PM

The Market Monitor has been archived. You may view it and any previous days here: Link

Disclaimer: Stocks discussed in the Market Monitor are for educational purposes only and any analysis is not meant to imply a recommendation for or against that stock. The analysts in this forum as on any other website are prohibited by the SEC from giving any specific advice to ANY individual trader. All information posted is for ALL readers and is not meant to be directed to any individual. Our analysts cannot answer any email questions regarding any specific stock. Please do not ask and please do not take offense if requests are denied.

Results posted in the Market Monitor are hypothetical and OIN does not claim that any reader achieved these exact results. Due to the lag time between research, writing, posting, uploading, reading and execution there will be differences between the actual signal given and the fill achieved by the reader. Fills may be better or worse but in most cases they will be different. The writers will make every effort to give advance notice of intended signals and indicate potential price targets. Your individual results may vary depending on your activity level and aggressiveness. This forum is intended as an education service only. Trading involves risk and should not be attempted by anyone not ready to accept this risk. By acting on any signal in this forum you agree and personally accept this risk.

Jeff Bailey : 3/23/2006 9:41:54 PM

Current OPEN MM Profiles found at this Link

Today's Activity ... Intra-day, I suggested to AMD shorts that we raise our stop to $36.20, but have sinced edged it back down just above today's high. There is/was some bullish optimism that DELL's recently announced acquisition may give AMD some inroads to DELL that Intel (INTC) has enjoyed. From a BEARISH point of view, I would think DELL doesn't make a decision on that until after the acquisition is fully consumated. Intel (INTC) $19.70 -1.40% did trade weak today.

Swing trade rounded up to 100 shares, but still under my "hypothetical" $10,000=full position in shares of Cnooc (CEO) at $82.89. Stop on the ENTIRE position still $78.50 at this point. Target is LARGELY BASED on PTR's action and recent new highs. PTR is the STRONGER stock.

I wanted to get CEO to 100 shares when PTR proved it could get a new high. IF possible, and further rally in CEO, traders can then perhaps sell a $90 covered call on the position. I still think we need to see the COMMODITY confirm the "anticipation" that PTR seems to be showing. That is when stocks like CEO and perhaps MUR get their "lift from the bottom."

At $103.47, I'm not thinking PTR trades back to the Apr $90 Put strike before expiration. Trader's discretion here, but will drop if the PTR-PR if they trade $0.30. PTR would then be "watch listed" as a leading stock for CEO trade.

I noted today that I will be out of the office from 04/18/06-04/25/06. If you are a trader that ONLY wants to trade/hold positions that I will be following on a hour-to-hour basis, or a couple of times a day, then I want you to know NOW that I will be out of the office for several days.

I will most likely NOT be SELLING AN APRIL $90 covered call in my personal account against my long CEO position, BECAUSE I WON'T BE near a computer from 04/18/06-04/25/06 and I don't want to be thinking about CEO, oil prices, etc, etc, on my vacation. If I get stopped out of the CEO long, will I be thinking about the NAKED call? What's CEO doing? What is going on in the Middle East?

When I go on vacation, or away from my trading resources, I like to REDUCE AS MUCH RISK from my account as possible. As I look at things, the biggest risk trades are ANY short position (stock, or NAKED call) where despite the use of a stop (which can get gapped) I'm not able (if need be) to make an adjustment (protect my/your capital).

Jeff Bailey : 3/23/2006 8:50:27 PM

My QCharts' NYSE New High "hot list" shows just 1 U.S.-based energy stock having traded a new 52-week high today. Oh my! Link ... A name some may be familiar with.

Hmmmm... KEA another one. What's CBR doing?

Jeff Bailey : 3/23/2006 8:42:59 PM

Closing Internals found at this Link

Jeff Bailey : 3/23/2006 8:30:11 PM

Closing U.S. Market Watch found at this Link

Jeff Bailey : 3/23/2006 8:22:23 PM

It is crazy isn't? Last week, when it looked like the March $360 Calls were going to go poof, I thought our only hope on Thursday was if S&P announced it was going to add GOOG. They added it before the calendar quarter, but not the expiration.

Jeff Bailey : 3/23/2006 8:16:09 PM

Last chart of GOOG tonight. Here's a 60-minute interval chart Link

Jeff Bailey : 3/23/2006 7:54:26 PM

My two levels would be .... long $353, stop $342, target $370.

Then at Friday's close, I'd get next week's WEEKLY Pivot Levels. If I see some type of "overlap" at MONTHLY Pivot, or even MONTHLY 61.8% retracement, then I feel pretty sound with "predictions" into next Friday's addition.

Jeff Bailey : 3/23/2006 7:51:09 PM

So ... where would you be a BUYER of GOOG? Where's your upside target?

Now, watch tomorrow's OPTION chain, see if those two levels show up.

Jeff Bailey : 3/23/2006 7:48:29 PM

Hey ... my 06:48:12 MM Post has me thinking .... Let's say a hedge fund or two is short 100,000 of GOOG.

Certainly they've HEDGED a portion of the short position with some calls.

Tomorrow morning, watch the PUT side of things for any "most active" volume.

If YOU were net short 100,000 shares of GOOG at any certain price and stock opens at, or above your net short position, might you not SELL some puts (sell the spike in IV), but be a WILLING and ABLE to buy that strike into, or ahead of SPX addition?

That could help identify a near-term floor of support into next Friday.

Jeff Bailey : 3/23/2006 7:39:31 PM

02:12 PM EST Temperatures with May Heating Oil and Nat. Gas futures settlements at this Link

Jeff Bailey : 3/23/2006 6:48:12 PM

Keene ... I figured you were writing the wrap.

Yes... doesn't make sense for an ES trade.

NQ would be the only one I could think of. GOOG already a component of the QQQQ.

Only thought for a trade on the NQ is this, and reason NQ up a little.

Let's say you're a hedge fund, short 100,000 GOOG. Don't want to book the loss in extended. However, the NQ offers much greater leverage than the QQQQ itself. Might be able to put off that risk, establish a long in the NQ to hedge things until cash open.

Jeff Bailey : 3/23/2006 6:42:34 PM

GOOG $372.71

Jeff Bailey : 3/23/2006 6:24:17 PM

GOOG April Option Montage at this Link ... Now, traders have 6 days to make some adjustments.

IV will be "jacked" up tomorrow, and I would think we'd see 360-$370 call LONGS sell that premium.

Now, today's session was "calm" for GOOG, so let's take $370 + today's $6.70 Avg HLC to establish a "conservative target" of $376.70 for SPX addition (say $375?).

Then .... $400 Calls have some OI. SUBTRACT $1.91, say $2.00 for a "max target" of $398.

Jeff Bailey : 3/23/2006 6:14:54 PM

Trying to get a GOOG Option Montage ...

Jeff Bailey : 3/23/2006 6:13:26 PM

How far back, or to what level did RIMM trade after its "patent settlement?" It backfilled the gap partially.

Two different stocks/events for sure, but GOOG might just pull into $355 area.

Jeff Bailey : 3/23/2006 6:10:30 PM

OK ... GOOG not being added until next Friday (03/31/06).

Jeff Bailey : 3/23/2006 6:09:20 PM

Burlington Resources (BR) $90.28 +0.42% ... is being replaced by GOOG.

DJ - Standard & Poor's said Thursday will add Google Inc. (GOOG) to the S&P 500 index, sending the Internet high flier's shares soaring in after-hours trading.

The move means mutual funds that track the widely watched S&P 500 index will have to add Google to their holdings. Google shares shot up by more than $30 at one point and recently were up $25.42, or 7.4%, at $367.31 on Inet.

The huge gain - the latest of several recent stomach-wrenching moves for the stock - added $7.6 billion to Google's market capitalization in a matter of minutes.

The move is effective after the end of trading on March 31, said S&P, a unit of McGraw-Hill Cos. (MHP). Google will replace oil and gas producer Burlington Resources Inc. (BR), which is being acquired by ConocoPhillips (COP), an S&P 500 component.

Jeff Bailey : 3/23/2006 6:06:29 PM

GOOG ... now an extended session trade (5-minute intervals) at this Link ... Where do YOU think you can buy it, then dump it to the mutual funds and everyone that HAS to track the SPX?

$400 sounds like a nice round number, but that's a little too bullish. Will probably be a square number. Could well be $370 and MONTHLY Pivot?

If $370 (wasn't that a target of ours for the April $360 Call that went poof?) then I'd want to buy (if possible) back near $353. Then, if $350 is the square number, not that damaging.

Jeff Bailey : 3/23/2006 5:59:18 PM

Do you think there were any "sell short" orders that were GTC + extended session?

Jeff Bailey : 3/23/2006 5:58:20 PM

I need to find out "when" the stock will be added, or "need to be added".

Jeff Bailey : 3/23/2006 5:56:33 PM

GOOG daily bar chart with MONTHLY/WEEKLY Pivot retracement at this Link

Jeff Bailey : 3/23/2006 5:43:50 PM

Google (GOOG) ... $367.00 now.

Outside of WEEKLY R2, a "good buy" point looks to be $352-354, but better risk/reward $346.

Jeff Bailey : 3/23/2006 5:34:56 PM

That's about 5-days too late isn't it?

Jeff Bailey : 3/23/2006 5:31:32 PM

QQQQ $41.09 -0.29% ... $41.19 extended.

Jeff Bailey : 3/23/2006 5:29:57 PM

Google (GOOG) alert! $341.89 +0.49% ... surges to $376 on news it is being added to S&P 500!

Jeff Bailey : 3/23/2006 4:54:35 PM

They still sell canned fruit? Link ... Still remember my childhood days and mom serving up some canned fruit. Yuck! I liked the cherries, but couldn't stand the pears. Us kids would almost cry if one-or-the-other brother, or sister got more cherries than the other.

Never had a family dog that cared for the pears either.

Jeff Bailey : 3/23/2006 4:50:30 PM

Here's a stock that intrigues me from the long side Link on a 3-box reversal back up (call options).

Recent quarter was a real "monkey." Link

That cyclone that hit Australia Link should further boost banana prices.

If it is time for a stock to reverse from its bearish vertical count, "Now is the time for Chiquita."

3-box reversal is first sign of strength.

Jeff Bailey : 3/23/2006 4:35:38 PM

Advanced Micro Devices (AMD) $34.75 +1.10% Link ... with recent "bad tick" to $38.00. Today's trade to $36.13 should have that column of O from $41.00 to $33.00, now seeing a 3-box reversal back up to $36.00.

Yeah, I know what you're thinking. It's supply/demand chart somewhat similar to what PTR looked like a couple of weeks ago (03/07/06 to be exact).

While AMD is well away from trading a 52-week low, I (Jeff Bailey) still like to tie the NYSE NH/NL readings with, say ... AMD trading $32.00. If I see a build in new lows, greater than recent week's readings, then I start to think/trade more aggressive from the short/put side.

These markets have been sooooooo strong.

Jeff Bailey : 3/23/2006 4:10:38 PM

Valero (VLO) $58.80 +2.33% Link ...

Jeff Bailey : 3/23/2006 4:09:22 PM

Sunoco (SUN) $77.65 +2.80% Link ... couldn't quite get a 3-box reversal back higher.

Jeff Bailey : 3/23/2006 4:06:09 PM

Murphy Oil (MUR) $48.37 +2.47% Link ...

Jeff Bailey : 3/23/2006 4:05:11 PM

Cnooc (CEO) $82.40 +2.16% Link ....

Jeff Bailey : 3/23/2006 4:02:02 PM

PTR $103.50 +1.66% Link into the close. Session high has been, been, been $103.82.

Take out that "bad tick" to $102 in early March (after 3) and there is a similarity.

Almost like PTR looking back at Crude Oil for some confirmation.

Jeff Bailey : 3/23/2006 3:57:31 PM

I show May Crude Oil not trading 61.00, but trading as high as, as, as $64.00 to the penny in today's session. X's up to $64.00 for now Link

Jeff Bailey : 3/23/2006 3:43:51 PM

HEDGE FUND ASSETS SET TO RISE 28% DJ- Hedge fund investments are set to surge 28% in 2006, driven by inflows from Asia and the Middle East, according to a survey released by Goldman Sachs.

Jeff Bailey : 3/23/2006 3:41:20 PM

Google (GOOG) $342.07 +0.54% ... (per 03:40:26) ... and some want GOOG to open up its records?

Jeff Bailey : 3/23/2006 3:40:26 PM

SPITZER SUES GRATIS INTERNET DJ- New York Attorney General Eliot Spitzer has sued a Washington, D.C., Internet company, saying it improperly sold personal information on millions of consumers that it promised to keep confidential, his office says.

Jeff Bailey : 3/23/2006 3:34:07 PM

NASDAQ DISMISSES NEED FOR EARLIER OPEN

DJ- Despite the New York Stock Exchange's interest in starting the day earlier, Nasdaq officials see no need to move up the opening of the trading session and say it is unlikely regulators would let the NYSE open earlier on its own.

Jeff Bailey : 3/23/2006 3:28:09 PM

Bernanke Remarks In Letter to House Panel Member .... "Global Saving Glut" Factors Still Exist

Jeff Bailey : 3/23/2006 3:22:02 PM

03:00 Internals found at this Link

Jeff Bailey : 3/23/2006 3:03:47 PM

03:00 Market Watch found at this Link

Jeff Bailey : 3/23/2006 2:53:03 PM

TRIN/VIX really compressing together. My feeling/observation.

Jeff Bailey : 3/23/2006 2:39:22 PM

Current OPEN MM Profiles found at this Link

Jeff Bailey : 3/23/2006 2:27:17 PM

When a trader has some longs and shorts in their account, it can become a "careful what you wish for" on an individual stock basis. If market participants decide to "garage sale" things lower, the selling can become indiscriminate.

Same on the upside. Everything can become a "buy" if offers get pulled.

Position size IS KEY to not blowing up your account.

Jeff Bailey : 3/23/2006 2:22:45 PM

AMD $34.96 +1.74% ...

Jeff Bailey : 3/23/2006 2:22:21 PM

SOX 498.90 +0.25% ....

Jeff Bailey : 3/23/2006 2:21:34 PM

Sell Program Premium SPX 1,300.29 (a couple of minutes ago, I was getting some coffee).

Jeff Bailey : 3/23/2006 1:40:11 PM

That should be 39 additional shares of CEO for the MM profiles.

Jeff Bailey : 3/23/2006 1:38:11 PM

Filled alert ... on CEO at $82.84

Jeff Bailey : 3/23/2006 1:31:40 PM

Bullish swing trade round up alert ... Let's round up to an equal 100 shares in Cnooc (CEO) $82.89 +2.77% here, limit $83.00.

Calls are expensive and might just have to sell a covered.

Jeff Bailey : 3/23/2006 1:26:25 PM

Yesterday the S&P 500 recorded 11 new highs and 3 new lows.

Intra-day reading 16 nh and 2 nl.

Jeff Bailey : 3/23/2006 1:25:21 PM

01:00 Internals found at this Link

Jeff Bailey : 3/23/2006 1:15:44 PM

ICE $67.18 -1.19% ... mid-morning resistance at DAILY Pivot ($67.53). Session high/low $69.30/$66.30.

Jeff Bailey : 3/23/2006 1:04:32 PM

01:00 Market Watch found at this Link

Jeff Bailey : 3/23/2006 12:58:52 PM

Murphy (MUR) $48.09 +3.60% Link ... Conventional box size.

Cnooc (CEO) $82.42 +2.19% ... which is close to double the price of MUR. CEO on an unconventional $0.50 box size Link

Jeff Bailey : 3/23/2006 12:52:29 PM

Well ... as soon as I placed my order to sell the PTR-PR for $0.30, ISEX/CBOE/PACX/PHLX all moved with it (computerized). I cancelled my order and they all stayed there. I'm going to once again place the order to sell at $0.30. There were 5 contracts traded earlier this morning at $0.25.

Jeff Bailey : 3/23/2006 12:37:18 PM

Swing trade put place order to sell alert ... Placing an order to sell the PetroChina PTR APR $90 Put (PTR-PR) for $0.30. Currently bid/offer $0.10 x $0.35 with PTR $103.53.

Jeff Bailey : 3/23/2006 12:29:03 PM

I've had a couple of question regarding any trade profiles for April Expiration ...

I will be out of the office from April 18 to April 25, which encompasses April's option expiration so I'm not going to profile anything I can't follow here in the monitor.

Jeff Bailey : 3/23/2006 12:18:33 PM

Dollar ... DJ - The dollar has advanced to new one-week highs versus the yen and the euro after U.S. jobless claims and existing home sales came in better-than-expected during the New York session Thursday.

The euro is below $1.20, a key level above which the single currency has held for about a week. Against its Japanese rival, the dollar is above Y117.50, from intraday lows of Y116.75.

Around 11.15 a.m. EST (1615 GMT), the euro was at $1.1981 from $1.2076 late Wednesday. The dollar was at Y117.69 from Y116.93 Wednesday and at CHF1.3169 from CHF1.3054. The pound was at $1.7339 from $1.7470, and the euro was down at Y141.02 from Y141.19.

The dollar started the day stronger versus the majors, but had stabilized after reclaiming losses suffered during a choppy Asian session. After jobless claims data were reported for the week March 18, the dollar began to creep higher versus the yen and the euro.

Shortly after U.S. existing home sales came in well-above expectations, the dollar rally gained traction. From early in New York, the dollar has gained Y0.55 and the euro has dropped more than half of one percent.

The move has been a boon to a market that has been anxiously looking at every piece of data to come out of the U.S. With the Federal Reserve Bank policy board meeting next week to make an interest rate decision, market speculation is reaching fever pitch about whether the Fed will continue to raise rates after this meeting.

The Fed has been very clear that any decisions they make about interest rates will be data dependent, and with the positive data in the U.S. Thursday, markets reacted by buying dollars.

"The market was looking for a weak number," said Mitul Kotecha, global head of currency research at Calyon Corporate and Investment Bank in London. "There was a relief rally when the number came in stronger than expected."

Kotecha said that the housing number have recently "taken on a much greater focus." He said that home sales had recently been drifting lower, and so if the number had come in low the market would have reacted only mildly.

"A weak number would have prompted little reaction, whereas a strong number prompted a dollar rally," he said.

Home resales rose to a 6.91 million annual rate, a 5.2% advance from January's revised 6.57 million annual pace. January resales were originally reported at 6.56 million. Expectation for the month of February had been for a decrease to 6.50 million.

U.S. initial jobless claims through the week of March 18 fell 11,000 to 302,000. The number of jobless reports was expected to fall to 310,000, according to a Dow Jones Newswires survey.

Overnight yen weakness was attributed in part to comments from Bank of Japan policy board member Shin Nakahara, widely known as the most dovish member of the central bank's nine-member board.

Nakahara, speaking to business leaders and reporters in Toyama in central Japan, said he felt it was too early to discuss "neutral" interest rate levels for Japan, or the possibility of rate hikes.

Nakahara's dovish remarks strike a sharp contrast with those of BOJ board member and policy hawk Atsushi Mizuno, who said earlier this week that the central bank might raise interest rates at "anytime."

The remarks by Nakahara suggest there isn't a consensus yet in the BOJ policy board on the key issue of when the central bank will move next and how it will justify its next policy move, the reintroduction of interest rates above zero.

Tab Gilles : 3/23/2006 12:15:06 PM

Murphy Oil (MUR) Finally getting a strong move on MUR. Would still like to see a close above $48 resistance. Link Link

Jeff Bailey : 3/23/2006 12:05:17 PM

SOX 502.19 +0.92% ....

AMD $35.47 +3.2% ...

INTC $19.91 -0.35% ...

Jeff Bailey : 3/23/2006 11:51:24 AM

U.S. Feb Existing Home Sales rose 5.2% to 6.91 Million Rate.

Inventory of Unsold Homes Unchanged at 5.3 Month Supply.

Consensus was 6.50 Million Annual Rate.

DJ - Sales of existing homes in the U.S. increased for the first time in six months in February, the National Association of Realtors said Thursday.

Home resales rose to a 6.91 million annual rate, a 5.2% advance from January's revised 6.57 million annual pace. January resales were originally reported at 6.56 million.

NAR chief economist David Lereah said unseasonable winter weather likely helped boost February sales.

"Weather conditions across much of the country were unseasonably mild in January and likely were a factor in higher levels of buyer activity, which boosted sales that closed in February," Lereah said.

The level of resales in February was above Wall Street expectations. Analysts predicted a 6.50 million rate of sales of previously owned homes.

The average 30-year rate was 6.25% in February, up from 6.15% in January, according to Freddie Mac (FRE).

The inventory of homes on the market held steady at to 5.3 months, NAR said.

The median home price decreased to $209,000, compared with a revised $210,000 in January.

Existing home sales were mixed in the four regions of the U.S.

Demand rose 11.1% in the Midwest, 5.1% in the West, and 19.2% in the Northeast.

Demand fell 2.5% in the South.

Jeff Bailey : 3/23/2006 11:43:58 AM

Intel (INTC) $19.97 -0.05% ...

Jeff Bailey : 3/23/2006 11:43:19 AM

AMD $35.71 +3.89% ...

Jeff Bailey : 3/23/2006 11:42:57 AM

SOX 504.00 +1.27% ... presses highs of the session.

Jeff Bailey : 3/23/2006 11:41:21 AM

As I look at the U.S. Market Watch, outside of the BTK.X, sectors that are/were down more than 4% over the past 20 days, they're up more than 1% today.

Jane Fox : 3/23/2006 11:35:53 AM

Come to think of it I have a headache as well and I am long.

Jane Fox : 3/23/2006 11:35:22 AM

Both the AD line and volume are below 0 so it looks like the bears have the upper hand but both are rising giving anyone in a short position a headache.

Jane Fox : 3/23/2006 11:32:57 AM

Dateline WSJ Sales of existing homes rebounded during February, in a surprise to economists after months of soft data had suggested that the housing sector was beginning to cool.

The National Association of Realtors said Thursday that sales of existing single-family homes and condominiums increased 5.2% to a seasonally adjusted annual rate of 6.91 million units. Singe-family home sales rose 4.7%, while sales of condominiums and co-ops jumped 8.8%. The overall increase halted a five-month string of declines in home resales.

Stephen Stanley, chief economist at RBS Greenwich Capital, called the data "a very surprising result" in light of previous declines and a growing consensus that "the housing sector is softening rapidly."

The Realtors attributed the gain to sales that were initiated during a balmy January and closed in what turned out to be a frigid February. But Ian Shepherdson of High Frequency Economics complained in a note that the sales data can be noisy from month to month, and that recent declines in mortgage applications hint the general pace of home sales is slower than what February's resales data suggest.

Jeff Bailey : 3/23/2006 11:25:31 AM

Yesterday's Internals found at this Link

Jeff Bailey : 3/23/2006 11:22:10 AM

11:00 Internals found at this Link ... Only 15 new lows on the big board? 10 on the NASDAQ?

Jeff Bailey : 3/23/2006 11:08:40 AM

Because the Fed said housing prices would be a factor in its decision on policy!

CNBC wondering why Treasury yields rose on stronger housing data today.

Jeff Bailey : 3/23/2006 11:03:58 AM

11:00 Market Watch found at this Link

Jeff Bailey : 3/23/2006 10:59:39 AM

Murphy Oil (MUR) alert $48.37 +2.50% ...

Jeff Bailey : 3/23/2006 10:57:40 AM

Sell Program Premium ... SPX 1,299.20 / SOX 500.57

Jeff Bailey : 3/23/2006 10:54:03 AM

Current OPEN MM Profiles found at this Link

Jeff Bailey : 3/23/2006 10:47:43 AM

Swing trade short lower stop alert ... on Advanced Micro Devices (AMD) $35.59 +3.52% to $36.15.

AMD $35.56 +3.46% here.

In the back of my mind is that "bad tick" late Tuesday to $38.00.

Jeff Bailey : 3/23/2006 10:34:39 AM

EIA Nat Gas Inventory falls by 23 bcf

Jeff Bailey : 3/23/2006 10:33:22 AM

SOX 499.23 +0.32%

Jeff Bailey : 3/23/2006 10:33:03 AM

Sell Program Premium ... SPX 1,299.11

Jeff Bailey : 3/23/2006 10:29:22 AM

SOX 500.30 +0.54% ...

Jeff Bailey : 3/23/2006 10:28:46 AM

AMD $35.68 +3.81% .... what a bear wants to see now is WEEKLY R1 provide the resistance and sellers come in back to WEEKLY/DAILY Pivot correlation.

Jeff Bailey : 3/23/2006 10:18:34 AM

AMD $35.63 +3.69% .... session high still $36.13.

Jeff Bailey : 3/23/2006 10:17:17 AM

SOX 500.06 +0.49% ... juuuuust back under WEEKLY Pivot.

Jeff Bailey : 3/23/2006 10:16:38 AM

Index Pivot Matrix at this Link

Jeff Bailey : 3/23/2006 10:12:44 AM

QQQQ $41.10 -0.24% ...

Jeff Bailey : 3/23/2006 10:12:19 AM

AMD $35.72 +3.92% ... session high $36.13.

Jeff Bailey : 3/23/2006 10:11:33 AM

SOX 503.14 +1.06% ... slips back under DAILY R2. My thinking intra-day is if the SOX comes back under WEEKLY Pivot, they could get hit further, have AMD erasing gain.

Jeff Bailey : 3/23/2006 10:08:44 AM

Bearish swing trade adjust stop alert on the AMD to $36.20 at this time.

Jeff Bailey : 3/23/2006 10:05:55 AM

Advanced Micro Devices (AMD) $35.99 +4.65% ... bullish action here does appear to be in response to DELL buying Alienware.

Jeff Bailey : 3/23/2006 10:03:09 AM

10:00 Market Watch found at this Link

Jane Fox : 3/23/2006 9:46:34 AM

Bears beware, the AD volume is now above 0 and continues to move upward.

Jane Fox : 3/23/2006 9:43:15 AM

These are both below 0 but moving upward showing very clearly the bears are losing it - again! Link

Jane Fox : 3/23/2006 9:40:10 AM

The morning started off with the bears in control because the AD line got down to -521 and the AD volume was below 0 but both at now moving upward so the bears are once again losing that control.

Jeff Bailey : 3/23/2006 9:34:28 AM

Yahoo! (YHOO) $31.63 +2.82% Link ... upgraded at RBC

Jeff Bailey : 3/23/2006 9:28:37 AM

Program Trading Levels for Thursday ... HL Camp & Company has their computers set for program buying at $+10.66 and set for program selling at $+8.58.

Jane Fox : 3/23/2006 9:27:41 AM

TBonds found overnight resistance at its previous day high very similar to how ES and YM traded overnight. Link

Jane Fox : 3/23/2006 9:25:08 AM

Dateline WSJ The number of U.S. workers filing new claims for unemployment benefits fell more sharply than expected less week, suggesting that labor markets generally remain on solid footing.

Initial jobless claims fell by 11,000 to a seasonally adjusted 302,000 in the week ending March 18, the Labor Department said Thursday. Still, that's the third-straight week claims have been above the psychological 300,000 barrier.

However, the four-week average moved above the 300,000 threshold for the first time in 10 weeks, an indication that some steam may be coming out of the jobs market after very strong gains in January and February. The four-week moving average of initial jobless claims increased last week by 6,000 to 303,500. That's the highest level since Jan. 7, 2006 and well above the 2006 low of 276,750 reached on Feb. 4.

Jobless claims for the week ending March 11 increased by 9,000 to 313,000, revised from a previously reported 309,000.

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