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Jeff Bailey : 3/27/2006 10:10:06 PM

U.S. Dollar Index (dx00y) 90.09 +0.02% ...

Jeff Bailey : 3/27/2006 10:09:24 PM

People's Bank of China DJ - China aims to increase the yuan's exchange rate flexibility, to allow market forces to determine the level rather than making official one-off adjustments, said People's Bank of China spokesman Li Chao, in a question-and-answer article in the Economic Daily on Tuesday.

"There will be no official one-off adjustment again in the yuan exchange rate," Li said.

China will further improve the yuan's exchange rate mechanism, and develop the foreign exchange market, Li said.

Jeff Bailey : 3/27/2006 10:06:06 PM

Cnooc (CEO) $78.67 -3.23% ... said late Monday that it bought a 35% working interest in a license to explore for oil in Nigeria for $60 million (U.S. dollars). The acquisition, which Cnooc said it signed on January 27, was the company's second deal this year in the West African country.

OI Technical Staff : 3/27/2006 9:59:59 PM

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Jeff Bailey : 3/27/2006 8:08:09 PM

And it may be ... Nigeria ... that Morgan Stanley is cautious toward.

Jeff Bailey : 3/27/2006 8:08:00 PM

Cnooc (CEO) $78.67 -3.23% Link ... WSJ- Signs 2nd Nigeria Deal

Jeff Bailey : 3/27/2006 7:38:25 PM

US Senate Judiciary Panel OKs Sweeping Immigration Bill ...

DJ- The Senate Judiciary Committee approved election-year immigration legislation on Monday that clears the way for millions of undocumented workers to seek U.S. citizenship without having to first leave the country.

After days of street demonstrations that stretched from California to the gounds of the U.S. Capitol, the committee also voted to strip out proposed criminal penalties for residents found to be in this country illegally.

The panel's vote cleared the way for the full Senate to begin debate Tuesday on the emotional immigration issue.

Jeff Bailey : 3/27/2006 5:40:28 PM

Current OPEN MM Profiles found at this Link

Today's Activity ... Swing trade stopped on both of the Cnooc (CEO) bullish entry positions. 1/2 position @ $78.50 ($-2.48, or -3.06%) and 39 shares @ $78.50 ($-4.39, or -5.30%).

Jeff Bailey : 3/27/2006 5:27:05 PM

Bullish call raise stop alert ... for the Sunoco SUN Aug $85 Calls (SUN-HQ) to $77.25 on the underlying.

IF the underlying shares trade $77.25, then sell long the SUN-HQ

Jeff Bailey : 3/27/2006 4:59:06 PM

Closing Internals found at this Link

Jeff Bailey : 3/27/2006 4:41:44 PM

Closing U.S. Market Watch found at this Link

Jeff Bailey : 3/27/2006 4:14:55 PM

02:12 PM EST Temperatures ... with May Heating Oil and Nat. Gas futures settlements at this Link ... May Unleaded settled up less than a penny, or +0.50% at $1.8241.

May Crude Oil settled down 10 cents, or -0.16% at $64.16.

Jeff Bailey : 3/27/2006 3:47:49 PM

GOOG most active options ... APR $370 Calls (6,502:12,125) $17.90

Apr $400 Calls (2,361:11,942) $6.10

Jeff Bailey : 3/27/2006 3:45:01 PM

DJ- Federal Reserve OKs BB&T Purchase of Main Street Banks ...

Jeff Bailey : 3/27/2006 3:43:41 PM

Google (GOOG) alert $371.39 +1.52% ... session high.

Jeff Bailey : 3/27/2006 3:43:03 PM

TRIN 0.82 ... WEEKLY Pivot Levels ... 0.00, 0.38, Piv= 0.82, 1.22, 1.66.

Jeff Bailey : 3/27/2006 3:42:08 PM

VIX 11.49 +2.68% ...

Jeff Bailey : 3/27/2006 3:41:26 PM

Major Indices all squared at WEEKLY Pivots.

Jeff Bailey : 3/27/2006 3:34:59 PM

Brazil (update) ... Brazil's Finance Minister Palocci Sends Resignation Letter

Palocci Due to Meet President Shortly

Jeff Bailey : 3/27/2006 3:22:45 PM

PTR $104.22 +0.02% ... pinned against MONTHLY R2.

CEO $78.67 -3.23% ... just below MONTHLY S1. Looks terrible. Just terrible.

Jeff Bailey : 3/27/2006 3:10:45 PM

FOMC Begins 2-day Meeting at 03:00 PM EST, as scheduled.

Jeff Bailey : 3/27/2006 3:06:57 PM

May Crude is incorrect at $65.20.

Jeff Bailey : 3/27/2006 3:05:28 PM

03:00 Market Watch found at this Link

Jeff Bailey : 3/27/2006 2:44:34 PM

TRIN 0.76

Jeff Bailey : 3/27/2006 2:44:08 PM

SPX 1,303.27 +0.02% ... edges above WEEKLY Pivot.

Jeff Bailey : 3/27/2006 2:43:34 PM

VIX alert 11.45 +2.32% ... slips below WEEKLY Pivot.

Jeff Bailey : 3/27/2006 2:29:07 PM

Chicago Mercantile Shares Hit Record High ... DJ- Shares of Chicago Mercantile Exchange Holdings rise 2%, hitting a new high of $444.99, as the Federal Reserve's upcoming decision on interest rates raises shareholders' hopes for gains in trading volume.

CME $444.90 +2.21% Link

Jeff Bailey : 3/27/2006 2:07:29 PM

TIVO, ECHOSTAR PATENT CASE TO BEGIN

DJ- TiVo's patent infringement case against EchoStar starts this week after months of delay. While damages haven't been specified, a win could lead to a royalties bonanza for TiVo and the case is seen as central to the company's future.

Tivo (TIVO) $6.85 -4.31% Link

EchoStar (DISH) $29.24 -0.17% Link

Jeff Bailey : 3/27/2006 2:03:21 PM

Steel Dynamics (STLD) $54.25 +5.62% Link ... Sharply higher after an upgrade to "buy" from "neutral" at UBS. The broker cited the company's growth potential in a hot steel market.

Jeff Bailey : 3/27/2006 1:38:47 PM

Intel (INTC) $19.81 +1.07% ...

Advanced Micro Devices (AMD) $35.48 -1.79% ...

Intel Seen Gaining Edge Over AMD AP Story Link

Jeff Bailey : 3/27/2006 1:17:05 PM

01:00 Internals found at this Link

Friday's Internals found at this Link

Jeff Bailey : 3/27/2006 1:03:27 PM

01:00 Market Watch found at this Link

Jeff Bailey : 3/27/2006 12:54:53 PM

Current OPEN MM Profiles found at this Link

Jeff Bailey : 3/27/2006 12:48:11 PM

Brazil's Real Down 1.4% ... DJ- The Brazilian real continued to slide in intraday trading Monday, trading more than 1.4% weaker against the dollar amid concerns over the possible exit of Finance Minister Antonio Palocci and cautiousness surrounding the direction of U.S. monetary policy at the Federal Reserve's interest rate meeting this week.

At 1730 GMT, the real was trading at BRL2.192 per dollar compared with BRL2.160 per dollar at the end of Friday's session.

Traders said investors were adopting a defensive position amid widespread speculation that Palocci was preparing to leave his post under pressure from corruption allegations.

Additionally, observers said the market was seeking dollars as hedge against the possibility of deepening Federal Reserve interest rate tightening over coming months.

Jeff Bailey : 3/27/2006 12:27:14 PM

Index Pivot Matrix found at this Link

Marc Eckelberry : 3/27/2006 12:17:44 PM

Esignal bought Qcharts. Please send them a note if you are a Qchart user and want to see inprovements. Ths is the time to voice your concern. Link
"Lastly, we will be spending the next 60-90 days understanding the Quote.com business and determining where we can make near, mid and long term improvements. It's our hope that a number of you will help us in this discovery period and contribute to the growth and enhancement of the QCharts service. If you have any specific suggestions or comments, please feel free to email us at QCIdeas@mail.esignal.com We will review the responses we get at a bi-weekly Product Review meeting. If you have any questions or require a response, please continue to utilize the current QCharts Service and Support contact methods."

Tab Gilles : 3/27/2006 12:14:03 PM

MUR 10 week ema/sma trend changes. Link In the last 3 crossovers where the 10-ema crossed over its 10 week sma- MUR rallied.

Tab Gilles : 3/27/2006 11:51:36 AM

Murphy Oil (MUR) +$49.21 +$0.07 Link Link

Jeff Bailey : 3/27/2006 11:37:52 AM

Nigeria AP - On Monday, militants in Nigeria's oil-rich southern delta released their last remaining foreign hostages -- two Americans and one Briton -- more than five weeks after the oil-industry workers were kidnapped.

The militants took nine foreign oil workers hostage Feb. 18 from a barge owned by Houston-based oil services company Willbros Group Inc., which was laying pipeline in the delta for Royal Dutch Shell PLC. The group released six of the captives after 12 days in captivity.

The militants are behind a spate of attacks that have cut Nigeria's oil exports by more than 20 percent. On Saturday, they said they killed three soldiers in fresh clashes near a key natural gas plant run by Shell. Shell said there was no impact on the gas plant.

Vienna's PVM Oil Associates suggested the releases were not enough to remove concerns about Nigeria, noting: "With the latest outage, almost 640,000 barrels a day of Nigerian upstream capacity are shut, which is more than a fourth of the country's total."

Jeff Bailey : 3/27/2006 11:24:08 AM

AT LEAST 30 DEAD AT US-IRAQ BASE

DJ- A suicide bomber attacks an Iraqi army recruiting center in northern Iraq, killing at least 30 people and wounding 30 others, says the Iraqi military. At least 21 more corpses have been found in Baghdad and surrounding towns.

Jeff Bailey : 3/27/2006 11:15:57 AM

11:00 Internals found at this Link

Jeff Bailey : 3/27/2006 11:04:56 AM

11:00 Market Watch found at this Link

Jeff Bailey : 3/27/2006 11:01:14 AM

Cnooc (CEO) $78.83 -3.03% ... downgraded at Morgan Stanley prior to this morning's open to "equal-weight" from "overweight"

Jeff Bailey : 3/27/2006 10:42:07 AM

Dallas Fed ... March Mfg. Production Index 40.8 vs. Feb. 37.1

March Business Activity 38.6 vs. Feb 32.8

DJ- Manufacturing activity in the Federal Reserve Bank of Dallas' region improved in March, according to a report the bank released Monday.

The Dallas Fed reported that its production index moved to 40.8 from 37.1 the prior month. The bank's general activity index stood at 38.6 from 32.8 in February.

Readings above zero indicate positive activity, and the higher the number, the more broad-based the gains.

Inflation pressures faced by manufacturers softened. The bank reported that its index of prices paid for raw materials moved to 32.8 in March from 41.9 the month before. Meanwhile, the prices received index hit 15.8 versus 20.9 in February.

Hiring in the Dallas Fed district improved, with the employment index at 29.6 from 24.2 a month ago.

Manufacturing in the Dallas Fed district represents a notable portion of total U.S. output and is concentrated in energy production and electronic goods.

Jeff Bailey : 3/27/2006 10:14:02 AM

Cnooc (CEO) $78.67 -3.23% ... volume relatively heavy at 187,300. Session low has been $78.46.

Jeff Bailey : 3/27/2006 10:12:38 AM

PetroChina (PTR) $103.52 -0.64% ... volume relatively light at 112,600.

Jeff Bailey : 3/27/2006 10:05:18 AM

10:00 Market Watch found at this Link

Jeff Bailey : 3/27/2006 9:54:21 AM

Bullish swing trade stop alert ... Cnooc (CEO) $78.50 .... $78.70 here.

Jeff Bailey : 3/27/2006 9:41:43 AM

Cnooc (CEO) $79.40 -2.33% ... notably weak early.

Jeff Bailey : 3/27/2006 9:33:36 AM

Inco (N) $49.40 +0.71% Link ... Citigroup upgrade

Jeff Bailey : 3/27/2006 9:32:09 AM

Phelps Dodge (PD) $76.34 +1.59% Link ... Citigroup upgrade.

Jeff Bailey : 3/27/2006 9:31:16 AM

Alcan (AL) $45.95 +1.43% Link ... Citigroup upgrade.

Jeff Bailey : 3/27/2006 9:27:35 AM

METALS FEUD PITS PRODUCERS AGAINST PARTS MAKERS

DJ- Battle erupts between two groups of U.S. manufacturers over 'Buy American' provisions for titanium and other specialty metals used in military equipment, with metal producers on one side and firms that make parts for planes, bombs and tanks on the other.

Jeff Bailey : 3/27/2006 9:26:26 AM

GOOGLE BASE EXPERIMENT COULD RAISE SALES

DJ- Google has begun to link its Internet search results with Google Base, which has classified ads and other online, a move that could over time produce an attractive source of new revenue.

Jeff Bailey : 3/27/2006 9:25:53 AM

CITIGROUP TO OFFER PRIVATE BANKING FOR CHINESE CLIENTS

DJ- Todd S. Thomson, chairman and CEO of Citigroup's Global Wealth Management unit, is expected to attend the opening tomorrow in Shanghai of the company's first Chinese office outside Hong Kong catering to wealthy individuals.

Jeff Bailey : 3/27/2006 9:23:47 AM

WALGREEN'S 2Q NET RISES 6.6%

DJ- Drug-store operator reports net income of $523.5 million, or 51c a share, which includes $27.4 million in stock-option expenses. Revenue increases 11% to $12.16 billion as same-store sales climb 6.5%.

WAG $44.37 Link ... ticks higher at $44.65 pre-market.

Jane Fox : 3/27/2006 9:12:48 AM

Dateline WSJ Since the end of 2000, gross domestic product per person in the U.S. has expanded 8.4%, adjusted for inflation, but the average weekly wage has edged down 0.3%.

That contrast goes a long way in explaining why many Americans tell pollsters they don't believe the Bush administration when it trumpets the economy's strength. What is behind the divergence? And what will change it?

Some factors aren't in dispute. Since the end of the recession of 2001, a lot of the growth in GDP per person -- that is, productivity -- has gone to profits, not wages. This reflects workers' lack of bargaining power in the face of high unemployment and companies' use of cost-cutting technology. Since 2000, labor's share of GDP, or the total value of goods and services produced in the nation, has fallen to 57% from 58% while profits' share has risen to almost 9% from 6%. (The remainder goes to interest, rent and other items.)

Jeff Bailey : 3/27/2006 9:12:30 AM

Program Trading Levels ... HL Camp & Company has their computers set for program buying at $+10.16 and set for program selling at $+7.73.

Jane Fox : 3/27/2006 9:09:17 AM

Dateline WSJ The Persian Gulf's highflying stock markets, suffering their first serious correction after years of gains, are raising concerns that a speculative bubble may burst and hurt emerging markets more broadly.

Fueled by cash from high oil prices, stock markets in Dubai, Kuwait, Abu Dhabi and elsewhere in the Gulf have tripled or more in value in the past three years. But in recent weeks, these stocks have suffered double-digit losses, with Saudi Arabia, the region's biggest stock market, shedding about a third of its value since late February.

...Some economic ripples could reach beyond the Middle East. Fears of any instability in the Gulf tend to boost oil prices, through a so-called political-risk premium attached to the price of crude. "You could see that risk premium widen," said Shigeki Makino, a senior portfolio manager for Putnam Investments in Boston who thinks that would be negative for most stocks globally. "Broadly speaking, markets are very sensitive to oil prices."

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