Option Investor
Archive
HAVING TROUBLE PRINTING?
Printer friendly version
Jeff Bailey : 4/4/2006 9:34:24 AM

Program Trading Levels for Tuesday ... at this Link

Educational "who is doing all of this program trading."

How? Just how are these institutional firms able to trade all these baskets of stocks?

Now go back and look at the YM chart below. Levels, think levels. Just 30 stocks and a little easier to comprehend.

Jeff Bailey : 4/3/2006 10:51:51 PM

YM with same MONTHLY/WEEKLY and Tuesday's DAILY (green) pivot retracement at this Link

Pivot trader's tip: Try to be "neutral" at the pivot. MONTHLY, WEEKLY, or DAILY. Let it trade, then trade the move. R1s and S1s are your first goal, but BEWARE any overlap from the retracement!

TRIN ... When TRIN went to 0.28, how much lower could it go? Odds not good for bull at WEEKLY R1 were they?

Whack, ck, ck, ck...

OI Technical Staff : 4/3/2006 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The Market Monitor has been archived.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 : 4/3/2006 5:42:35 PM

Google (GOOG) finished the session down 30 cents, or -0.07% at $389.70.

Jeff Bailey : 4/3/2006 5:39:42 PM

YM ... Monday's trade with MONTHLY (pink), WEEKLY (blue) and DAILY (green) pivot retracement at this Link

Jeff Bailey : 4/3/2006 5:44:18 PM

Index Pivot Matrix for tomorrow at this Link

Marc notes today's a/d line. Remember! GOOG was added to the S&P 500 at Friday's close. A lot of "manipulation" into that trade. Think about your TRIN, Friday's post-04:00 PM action and then this morning's TRIN/DIA/SPY trade.

We should be squared up at today's close.

Note: INDU/DIA and SPX/SPY WEEKLY/MONTHLY Pivot levels will not match "exactly" this week due to Friday's 04:00-04:15 gains for both the DIA and SPY.

Once GOOG was marked to the market at 04:00, that was it.

Jeff Bailey : 4/3/2006 4:46:22 PM

Closing Internals found at this Link

Jeff Bailey : 4/3/2006 4:34:47 PM

Closing U.S. Market Watch found at this Link

Jeff Bailey : 4/3/2006 4:23:52 PM

Moussaioui Verdict (update) ... DJ - A federal jury found al-Qaida conspirator Zacarias Moussaoui eligible Monday to be executed, deciding that his lies to FBI agents led directly to at least one death in the terrorist attacks of Sept. 11, 2001.

The only person to face charges in this country in the nation's worst terrorist assault, Moussaoui now faces a second phase of his sentencing trial.

The nine men and three women of the jury will hear testimony on whether the 37-year-old Frenchman, who was in jail at the time of the attack, deserves to be executed for his role.

The testimony will include families of 9/11 victims who will describe the human impact of the al-Qaida mission that flew four jetliners into the World Trade Center, the Pentagon and a Pennsylvania field.

Court-appointed defense lawyers, whom Moussaoui has tried to reject, will summon experts to suggest he is schizophrenic after an impoverished childhood during which he faced racism in France over his Moroccan ancestry.

Jeff Bailey : 4/3/2006 4:15:48 PM

May Crude (cl06k) settled up 11 cents, or +0.17% at $66.74 on Monday, but currently trade down 40 cents, or 0.60% at $66.34.

Jane Fox : 4/3/2006 4:12:32 PM

Dateline CNN Zacarias Moussaoui is eligible for the death penalty, a jury decides in the first U.S. trial about the 9/11 attacks.

Jeff Bailey : 4/3/2006 4:11:19 PM

Moussaioui Verdict (update) ... DJ- Moussaioui Eligible For Death Penalty.

Jeff Bailey : 4/3/2006 4:05:27 PM

SPY $129.67 -0.12% ....

Jeff Bailey : 4/3/2006 3:54:40 PM

US March Auto Sales Steady At Sustainable Rate DJ- U.S. auto sales were little changed in March after some payback in the prior month, but the first quarter showed less volatile swings than the prior two quarters.

On the whole, auto sales look to have settled at a more sustainable level following stronger sales at the turn of the year.

Based on data reported Monday, total auto sales are estimated to have been at a 16.4-16.6 million annual rate in March, down 1.5%-2.9% on a selling day-adjusted basis from the March 2005 level of 16.9 million. That compares with a 16.5 million selling rate in February. Sales were at a 20.6 million annual rate in July 2005, the second-highest level ever.

U.S.-made sales were at a 12.9-13.2 million annual rate compared with 13.2 million in February, but down 1.9% to 4.1% from 13.5 million in March 2005.

Economists surveyed by Dow Jones Newswires had been expecting a pickup to a 16.8 million annual rate for auto sales in March.

The overall sales estimate is down from the 16.9 million selling pace for the full year of 2005 and 16.8 million pace in 2004, while U.S.-made cars and light trucks sold at a 13.5 million pace in 2005 and 13.4 million in 2004.

The March sales decline occurred at the same time that gasoline prices rose by 6.5% from their February level through the week ended March 27. According to the Energy Information Administration, regular gasoline prices reached a peak of $3.069 per gallon in the week ended Sept. 5, 2005 and averaged $2.279 in February and $2.428 in March.

The March auto sales estimates are based on economists' analysis of sales figures released by General Motors Corp. (GM), Ford Motor Co. (F) and DaimlerChrysler (DCX).

"Results from heavyweight GM were much worse than expected," said Mike Englund, chief economist at Action Economics in Boulder, Colo. "Results at Toyota, Ford, DaimlerChrysler, and Honda held up much better, suggesting the weakness at GM may be more company specific than a reflection of the industry."

Indeed, Englund estimates 18% annualized growth for the first quarter, which he characterized as "fairly strong." Moreover, he noted that "there was no big (monthly) pop or big weakness as in the preceding two quarters.

In addition, Englund noted that "vehicle pricing has leveled out, with price changes in the consumer price index flat to up 1% on a year-on-year basis."

Englund estimates that domestically produced car sales were at a 5.1 million annual rate compared to 5.4 million in February, while he estimates domestically-produced light truck sales to have sold at a 7.8 million annual rate, the same as in February. He estimates that imported cars and light trucks sold at a 3.5 million rate, up from 3.4 million in February.

"I expect retail sales to be up 0.5% in March, with non-auto sales up 0.6%," said Englund.

The Commerce Department will release the retail sales report for March at 8:30 a.m. EDT on April 13.

Other economists also characterized the March auto sales data as relatively stable from the prior month.

"Auto sales were close enough to flat on a month-to- month basis that they will have very little effect on total retail sales in March," said Jim O'Sullivan, senior economist at UBS Investment Research in Stamford, Conn. "We'll have to see the chain store sales on Thursday, but I'm looking for retail sales excluding autos to be up 0.5%. However, March will be a tricky month because of the later Easter. In 2005, Easter fell on March 27, this year it falls on April 16.

O'Sullivan estimates that domestic car sales were at a 5.1 million annual rate, while domestic light truck sales were at a 7.8 million rate. Imports sold at a 3.6 million rate, according to his estimates.

"Auto sales were not dreadful, not great, just blah," said Rebecca Lowry, an economist at Wrightson ICAP in Jersey City, N.J.

Lowry estimates that domestically made cars sold at a 5.4 million annual rate and light trucks sold at a 7.8 million annual rate in March. When an estimate for sales of imports is included, Lowry estimates that total auto sales were at 16.6 million in March.

Jeff Bailey : 4/3/2006 3:20:44 PM

Jury in Moussaoui Case Reaches Verdict

Jury Will Decide if Moussaoui Could Get Death Penalty

AP- Court officials say the jurors in the Zacarias Moussaoui trial have reached a verdict and will return to the courtroom within an hour.

Fox News Channel added that the jurors will decided on "Phase One" in the case, which is whether Moussaoui could be sentenced to death for his role in the terror attacks on Sept. 11.

Jeff Bailey : 4/3/2006 3:12:51 PM

03:00 Internals found at this Link

Jeff Bailey : 4/3/2006 3:02:16 PM

03:00 Market Watch found at this Link

Jeff Bailey : 4/3/2006 2:42:25 PM

May Crude (cl06k) $66.55 -0.12% ... reversing gains.

Jeff Bailey : 4/3/2006 2:34:04 PM

GM Revises Q1, Q2 Production Forecasts for International Regions

Asia-Pacific Q2 Output Forecast 474,000 Units vs. 398,000

Asia-Pacific Q2 Forecast Down 6,000 Units vs. Previous Guidance

Jeff Bailey : 4/3/2006 2:21:30 PM

DIA $112.02 +0.63% ... did trade a penny above WEEKLY R1.

Jeff Bailey : 4/3/2006 2:20:46 PM

YM 11,270 +0.66% ...

Jeff Bailey : 4/3/2006 2:19:58 PM

GM US March Car/Truck Sales Down 14% at 365,375

GM $20.75 -2.44% ...

Jeff Bailey : 4/3/2006 2:06:25 PM

Murphy Oil (MUR) $50.41 +1.18% ...

Jeff Bailey : 4/3/2006 2:05:57 PM

Valero (VLO) $59.55 -0.38% ...

Jeff Bailey : 4/3/2006 2:05:23 PM

Sunoco (SUN) $77.51 -0.07% ... reversing earlier gains from session high of $79.25.

Jeff Bailey : 4/3/2006 1:56:29 PM

Trader's Note: NO STOCK TO SHORT ... at Ameritrade for shares of CBOT Holdings (BOT) $118.80 -0.50% ...

Jeff Bailey : 4/3/2006 1:51:08 PM

BOEING-LOCKHEED ROCKET DEAL OK SEEN IN APRIL DJ- Boeing and Lockheed Martin should finally win regulator approval to merge their rocket launch business this month, say analysts. The two companies want to form the United Launch Alliance to save on back-office costs and end a messy legal battle.

BA $78.61 +0.87%

LMT $74.76 -0.49%

Jeff Bailey : 4/3/2006 1:48:59 PM

MERCK LAWYER SAYS PLAINTIFFS HAD RISK FACTORS DJ- Lawyer says two men who blame the painkiller Vioxx for their heart attacks were stricken because of pre-existing health problems. Lawyers representing Thomas Cona and John McDarby will present their summations later today.

MRK $35.50 +0.76% ...

Jeff Bailey : 4/3/2006 1:47:45 PM

DaimlerChrysler March Sales +2% ... DJ- Chrysler Group reports a 2% increase to 216,412 vehicles for the month.

Jeff Bailey : 4/3/2006 1:26:41 PM

US Capitol (update) ... DJ- Reopens After Power Failure Evacuation.

Jeff Bailey : 4/3/2006 1:22:36 PM

ICE $65.86 -4.61% ... under WEEKLY S1 ($66.42) after morning test of WEEKLY Pivot ($69.78)

Jeff Bailey : 4/3/2006 1:21:11 PM

Chicago Merc (CME) $443.25 -0.94% ... probes Friday's lows.

Jeff Bailey : 4/3/2006 1:11:44 PM

01:00 Internals found at this Link

Jeff Bailey : 4/3/2006 1:03:54 PM

01:00 Market Watch found at this Link

Jeff Bailey : 4/3/2006 12:51:35 PM

Chiron (CHIR) $47.85 +4.45% ... released for trade.

Jeff Bailey : 4/3/2006 12:49:49 PM

QQQQ $42.23 +0.71% ...

Jeff Bailey : 4/3/2006 12:46:05 PM

Chiron (CHIR) alert ... scheduled to trade at 12:50 PM EDT.

Jeff Bailey : 4/3/2006 12:31:51 PM

Novartis (NVS) $55.91 +0.84% ....

Jeff Bailey : 4/3/2006 12:30:37 PM

Chiron (CHIR) (update) $45.81 ... still halted.

Announcing amended merger agreement with Novartis for $48.00 per share.

Chiron Press Release Link

Jane Fox : 4/3/2006 12:29:21 PM

DAteline WSJ Across the U.S., companies are starting to put their money to work again, or at least are planning to do so. They have enjoyed strong growth and record profits in the past few years, but as they close in on the limits of their capacity, they face a choice: Stop growing, or start spending on people, plants and equipment.

Recent data suggest they are choosing the latter. They added 2.1 million jobs in the year ended February, and in a recent survey by Duke University's Fuqua School of Business, more than 300 corporate executives said they plan to increase capital spending by an average 6.5% in the coming year -- up from 4.7% in September, though still lower than a few years ago.

"Forever it seems like we've been waiting for the purse strings to open," says John Graham, a professor of finance at Fuqua. "They're not opening that wide, but they're moving in the right direction."

If sustained, companies' newfound willingness to spend could mitigate an anomalous situation: Ever since the turn of the 21st century, U.S. corporations have been scrupulous savers, in sharp contrast to consumers and the government. Combined with resurgent growth in Japan and Europe, the corporate spending could add fuel to the global economy -- or at least help it survive if flagging or falling house prices make U.S. consumers feel poorer, something many economists expect to happen this year.

Jeff Bailey : 4/3/2006 12:27:19 PM

Ford Motor US Sales fall 4.6% in March Reuters Story Link

Ford Motor (F) $7.89 -0.87% ...

Jeff Bailey : 4/3/2006 12:24:23 PM

US Capitol Building Evacuation/Power Outage (update) ... DJ- A power outage at the U.S. Capitol building prompted evacuation of staff, lawmakers and others in the building Monday.

There appears to be no immediate emergency.

Eric Ueland, chief of staff for Senate Majority Leader Bill Frist, said evacuating the building was "standard procedure" given the lack of power.

The cause of the power failure wasn't immediately known.

Jeff Bailey : 4/3/2006 12:17:26 PM

YM ... steady at 11,293

Jeff Bailey : 4/3/2006 12:16:14 PM

US Capitol Building Evacuation (update) ... DJ - Power Outage at US Capitol Precedes Evacuation.

Jeff Bailey : 4/3/2006 12:15:15 PM

Trader's Alert ... DJ Headline - US Capitol Building Evacuated (more to follow)

Jeff Bailey : 4/3/2006 12:13:54 PM

YM 11,285 ... slips back under DAILY R2. Did tick 11,280. Would protect bullish profits if long above WEEKLY Pivot.

Jeff Bailey : 4/3/2006 12:09:52 PM

Chicago Fed Midwest Feb Mfg Index Up 0.6% From JanDJ- Auto production in the Midwest rose 1.3% in February, led by the strong performances in the steel and machinery sectors, according to data released Monday by the Federal Reserve Bank of Chicago.

The Chicago Fed Midwest Manufacturing Index rose 0.6% from the previous month, to stand at a seasonally adjusted 114.3 in February, up from an upwardly revised 113.7 the previous month, as three of the four main segments of the index showed growth during the month.

The Chicago Fed said in a press release that its industrial production index for manufacturing rose a lesser 0.1% in February.

Despite the solid performance in the Midwest in February, manufacturing growth in the region continues to lag national manufacturing growth for the last year.

The Chicago Fed Index posted growth of 1.5% in the three months ended February, versus 1.3% for the manufacturing component of the national industrial production index. For the 12 months ended February, Midwest manufacturing output increased 3.5%, compared with a 4.5% nationwide expansion.

In February, steel output in the Midwest rose 0.6%, after rising 2.2% the previous month, the Chicago Fed said.

The monthly growth rate surpassed the 0.4% increase in national steel production. But compared with a year earlier, Midwest steel output growth of 5.0% surpassed the 4.7% national increase.

The machinery segment of the index fell 0.2% in February, compared with a 0.8% increase in January. Nationally, machinery output rose 0.5% in February. In a year-on-year comparison, however, the 7.5% growth in Midwest machinery sector output significantly lagged the 13.5% national rate of growth for the sector.

Midwest auto sector production rose 1.3% in February, after falling 0.5% the previous month. The nation's auto output was unchanged in February. Compared with a year earlier, Midwest auto output was 1.1% higher in February compared with a 3.5% increase for the nation.

Jeff Bailey : 4/3/2006 11:57:51 AM

YM 11,299 +0.92% ... just shy of WEEKLY R1, usually a point of resistance ahead of a Tuesday. Right back at "FOMC announcement" here.

Would be raising a bullish stop to 11,280 for those playing the "post GOOG" addition to S&P 500.

Jeff Bailey : 4/3/2006 11:44:29 AM

SOX.X 511.66 +2.40% ... presses above WEEKLY R1.

Jeff Bailey : 4/3/2006 11:43:55 AM

Dow Industrials (INDU) 11,225.86 +1.0% ... rings up WEEKLY R1.

Jeff Bailey : 4/3/2006 11:27:12 AM

11:00 Internals found at this Link

Friday's Internals found at this Link

Jeff Bailey : 4/3/2006 11:01:58 AM

11:00 Market Watch at this Link

Jeff Bailey : 4/3/2006 10:55:00 AM

American Movil (AMX) $34.74 +1.40% ...

Jeff Bailey : 4/3/2006 10:54:52 AM

Telefonos De Mexico (TMX) $22.63 +0.66% ...

Jeff Bailey : 4/3/2006 10:54:35 AM

CANTV (VNT) $22.74 +7.36% ... Venezuala's largest telecommunication firm are "hot" on Verizon's (VZ) announcement.

DJ- Shares of Venezuela's largest telecommunications firm, CA Nacional Telefonos de Venezuela SA (VNT), or CANTV, were soaring 7% in New York Monday morning after U.S.-based Verizon Communications (VZ) announced an agreement to sell its 28.5% interest in the company.

An entity jointly owned by Mexico's America Movil (AMX) and Telefonos de Mexico (TMX), or Telmex, has agreed to purchase Verizon's CANTV stake, Verizon said Monday. America Movil and Telmex are owned by Mexican billionaire Carlos Slim.

Verizon said the buyer has also agreed, subject to regulatory approvals, to make a tender offer for any remaining shares of CANTV.

Verizon also announced deals to sell its other Caribbean and Latin American telecommunications operations for about $3.7 billion, mostly to the companies owned by Slim.

Jeff Bailey : 4/3/2006 10:48:38 AM

Noble Corp. (NE) $83.07 +2.42% ... Oilfield service group agreed to sell its big stake in Norwegian oil driller Smedvig to Norwegian oil rig firm Seadrill for 4.7 billion crowns (US$715 million).

Jane Fox : 4/3/2006 10:46:19 AM

There is just no holding back this market.

Jane Fox : 4/3/2006 10:45:58 AM

TICKS +1000 so much for the topping action.

Jane Fox : 4/3/2006 10:45:28 AM

TICKS +800

Jane Fox : 4/3/2006 10:44:45 AM

I am starting to see signs of a top in price action but the ADs remain bullish so I think this will be a sideways top and will not be a reversal.

Jeff Bailey : 4/3/2006 10:45:47 AM

Chiron (CHIR) $45.81 ... has been halted for trade this morning.

The Wall Street Journal reports that the takeover of the remaining shares in the U.S. vaccine maker teeters on the brink, as some investors think Novartis is not paying enough.

Jeff Bailey : 4/3/2006 10:40:49 AM

JAPAN ECON AT CUSP OF DYNAMIC RECOVERY - FUKUI DJ- Bank of Japan Governor Toshihiko Fukui says the most important role of the central bank's monetary policy is to achieve mid- to long-term price stability and ensure sustainable economic growth.

Jeff Bailey : 4/3/2006 10:39:39 AM

GOOGLE OFFICERS GET $1 SALARY IN '05 DJ- Google says its three top officers -- Chairman and CEO Eric Schmidt and founders Sergey Brin and Larry Page -- each collected a $1 salary for 2005. Google previously disclosed that salary for each will remain at $1 in 2006.

GOOG $389.50 -0.12% ...

Jeff Bailey : 4/3/2006 10:38:06 AM

SERVICE CORP TO BUY ALDERWOODS DJ- The U.S.' biggest operator of funeral homes and cemeteries announces a deal to buy No. 2 Alderwoods for $856 million. The $20 a share bid is a 12% premium to Alderwoods' Friday closing price.

SCI $8.42 +7.94%

AWGI $19.42 +8.49%

Jeff Bailey : 4/3/2006 10:36:13 AM

CONTINENTAL TO BUY MOTOROLA'S AUTO OPS DJ- German auto parts supplier and tire maker Continental signs an agreement to acquire the worldwide automotive electronic business of Motorola for $1 billion, boosting its presence in the large American market.

Jeff Bailey : 4/3/2006 10:35:17 AM

AMGEN SEES POSITIVE DATA FROM CANCER TRIAL DJ- Amgen says full results of a study of an experimental cancer drug show it significantly improves progression-free survival and disease management in people with metastatic colorectal cancer.

AMGN $72.45 -0.41% ...

Jeff Bailey : 4/3/2006 10:34:07 AM

VERIZON TO SELL LATIN AMERICAN OPERATIONS DJ- Verizon agrees to sell its telecommunications operations in the Dominican Republic, Puerto Rico and Venezuela in separate transactions valued at a combined $3.7 billion.

VZ $43.54 +1.40%

Jeff Bailey : 4/3/2006 10:33:11 AM

GM TO SELL 51% OF GMAC TO GROUP DJ - Struggling auto giant agrees to sell a majority stake in its profitable finance arm to a group led by hedge-fund giant Cerberus Capital, generating $10 billion in the short term but shedding its most consistent source of revenue. Moody's says GMAC's credit rating may remain in junk status after the sale. GM will hold onto $20 billion in GMAC automotive leases, which it plans to turn into about $4 billion over three years.

GM $21.18 -0.42%

Jane Fox : 4/3/2006 10:29:46 AM

I was scoffing at the low TRIN is morning but maybe it was "predicting" this rally.

Jane Fox : 4/3/2006 10:27:20 AM

Everyone is on this bandwagon.

Jane Fox : 4/3/2006 10:27:02 AM

TICKS +1000

Jane Fox : 4/3/2006 10:26:52 AM

VIX is testing its previous day lows.

Jeff Bailey : 4/3/2006 10:23:56 AM

VIX.X 11.40 +0.08% ...

Jeff Bailey : 4/3/2006 10:23:24 AM

Current OPEN MM Profiles found at this Link

Jeff Bailey : 4/3/2006 10:18:19 AM

US Construction Spending +0.8% In Feb

Jan Construction Spending Revised To +0.4% From +0.2%

DJ- U.S. construction spending reached an all-time high in February, supported by record spending on home building.

Total spending increased 0.8% to a seasonally adjusted annual rate of $1.185 trillion, the Commerce Department said Monday. Spending rose a revised 0.4% in January compared with the previously reported 0.2%.

Wall Street had expected February construction spending would rise 0.5%.

Private residential construction spending climbed 1.3% to a seasonally adjusted annual rate of $665.7 billion. Non-residential construction spending edged just 0.1% higher, following a revised 0.9% rise in January.

Total private construction spending rose 1.2% to a seasonally adjusted annual rate of $931.0 billion, after a 0.4% advance in January. Outlays rose for spending on hotels and office space, while spending on manufacturing plants and in the communications industry fell.

Public construction spending fell 0.5% to $254.4 billion after a 0.5% advance the prior month. Federal government construction outlays fell in February by 1.8%, while state and local spending - much larger than federal spending in dollars - also declined 0.4%.

Jane Fox : 4/3/2006 10:17:21 AM

ACtually Tab USO should start trading today but I see it has not yet.

Jane Fox : 4/3/2006 10:16:37 AM

ES, YM and ES all have tested their previous day highs and could not break through.

Tab Gilles : 4/3/2006 10:16:33 AM

Oil ETF to launch this week. Ticker symbol USO Link

Shares in the ETF will represent ownership in U.S. Oil Fund LP (ticker symbol: USO), which will be managed by Victoria Bay Asset Management, an operator of commodity pools. The launch of the oil ETF has been highly anticipated and would come on the heals of the recent launch of the first U.S. commodities ETF, the Deutsche Bank Commodities Index Tracking Fund (DBC).

Jeff Bailey : 4/3/2006 10:15:43 AM

US ISM March Mfg Business Index 55.2 Vs Feb 56.7

US ISM March Prices Index 66.5 Vs Feb 62.5

US ISM March Employment Index 52.5 Vs Feb 55.0

US ISM March New Orders Index 58.4 Vs Feb 61.9

US ISM March Production Index 57.5 Vs Feb 57.4

US ISM March Inventories 48.7 Vs Feb 49.6

Jane Fox : 4/3/2006 10:15:32 AM

These are getting quite bullish now. Link

Jane Fox : 4/3/2006 10:13:19 AM

Thank You Keene I see I have the VIX now.

Jane Fox : 4/3/2006 10:04:20 AM

TICKS +800

Jeff Bailey : 4/3/2006 10:01:54 AM

10:00 Market Watch found at this Link

Jane Fox : 4/3/2006 9:59:25 AM

Jeff are you getting a VIX? I still am not.

Jeff Bailey : 4/3/2006 9:57:05 AM

I'm having some problems getting various index quotes too Jane. CBOE looks to be having some problems.

Jane Fox : 4/3/2006 9:39:14 AM

I am not getting a VIX this morning but the TRIN is 0.37!!!!!!!

Jane Fox : 4/3/2006 9:43:11 AM

AD line is a neutral +367 and AD volume is above 0 and rising. These are neutral and cannot be used to determine which side has the upper hand.

Jeff Bailey : 4/3/2006 9:24:47 AM

Program Trading Levels ... HL Camp & Company has their computers set for program buying at $+9.02 and set for program selling at $+6.84.

Jane Fox : 4/3/2006 9:22:18 AM

Dateline WSJ Alcatel SA and Lucent Technologies Inc. signed a merger pact yesterday to form a Paris-based telecommunications-equipment giant led by an American, charging Lucent Chief Executive Patricia Russo with the tough task of bridging two cultures at a time of intense change for the industry.

The deal would create a combined company with annual revenue of about $25 billion and the 53-year-old Ms. Russo as CEO.

Jane Fox : 4/3/2006 9:20:37 AM

Dateline WSJ General Motors Corp. announced Monday that it is selling a majority stake in its General Motors Acceptance Corp. finance arm to a private investor group led by Cerberus Capital Management.

GM said it agreed to sell a 51% stake in GMAC to the investor group for about $14 billion, payable over three years. Under the deal, the auto maker will receive $7.4 billion in cash at the closing, expected in the fourth quarter, plus an estimated $2.7 billion cash distribution from GMAC related to the conversion of most of GMAC and its U.S. units into limited-liability companies.

The auto maker said it will receive an additional $4 billion over the next three years. The additional money comes from the monetization of some assets over time and through a series of adjustments that will transfer additional value to GM from GMAC.

Jane Fox : 4/3/2006 9:13:03 AM

Economic Reports today
10a.m. Feb. Construction Spending. Consensus: +0.5%. Previous: +0.2%.
10a.m. March ISM Manufacturing Index. Consensus: 57. Previous: 56.7.

Market Monitor Archives