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Jeff Bailey : 4/13/2006 1:25:53 AM

EIA Weekly Gross Inputs, Refinery Operable Capacity, Percent Utilization Table found at this Link

EIA's "Week in Petroleum" report Link

Jeff Bailey : 4/13/2006 12:45:34 AM

Seeing 950,000 shares blocked at $6.84 after the close for UTSI.

Jeff Bailey : 4/13/2006 12:38:07 AM

Program Trading Levels for Thursday ... HL Camp & Company has their computers set for program buying at $+8.02 and set for program selling at $+5.74.

Fair Value for the S&P 500 is $6.83

Jeff Bailey : 4/13/2006 12:38:00 AM

YM 15-minute interval chart with updated DAILY Pivot levels (retracement) at this Link

Tight DAILY R2-S2 range for tomorrow and I would expect volumes light during as some market participants observe Passover.

Markets will be closed on Friday in observance of Good Friday.

OI Technical Staff : 4/12/2006 9:59:59 PM

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Jeff Bailey : 4/12/2006 8:53:37 PM

Index Pivot Matrix for tomorrow at this Link

Jeff Bailey : 4/12/2006 8:43:02 PM

AMD $35.42 +3.11% ... showing $34.69 as last tick extended.

Jeff Bailey : 4/12/2006 7:23:02 PM

DAILY / WEEKLY Pivot Matrix recap with today's trade at this Link

The Dollar Index (dx00y) went coast-to-coast. Actually, the YELLOW levels in the DAILY matrix were levels traded last night and into this today's 09:05-03:00 session. The BLUE levels in the DAILY matrix were traded from 09:05-03:00.

The 10-year YIELD ($TNX.X), now there was some action and nearly a mirror image of the dollar. Lower early to then ramp higher.

TRIN "gapped" below DAILY Pivot and DAILY S1. 09:50 AM was the high at 0.95. "Bull Gas" all day.

VIX was relatively calm and traded within a 12.94-12.66 measure. Per my "clutch" analogy, one could say market participants just couldn't find a gear for the "bull gas." DAILY Piv/WEEKLY R1.

No? Decent S1-R1 ranges for the equity indices in my matrix, but indices in the matrix didn't want to move much either side of DAILY Pivots.

There were some moments where I thought buyers hung in there, when they could have gone away. OEX and QQQQ both held intra-day support tests of their respective WEEKLY S1.

The ER was today's "trade of the day." Recaptured WEEKLY S2 at the open and made it to WEEKLY S1 (see some of my intra-day YM/ER posts).

Jeff Bailey : 4/12/2006 6:31:10 PM

Current OPEN MM Profiles found at this Link

Today's Activity In last night's overnight session, shorted the YM at 11,145, but was stopped at 11,173 (-30 pts, or $-150/contract)

Day traded short the YM at 11,155, but closed out at 11,173 (-18 pts, or $-90/contract)

One could say it was a "Russell kind of day."

UTSI is a component of the Russell 2000.

Jeff Bailey : 4/12/2006 5:55:13 PM

Closing Internals found at this Link

Lowest daily volume at the NASDAQ since 02/24/06 1.59b). Volumes were weak at the NASDAQ into the Christmas holiday where NASDAQ ran just around 1.2b/day.

Jeff Bailey : 4/12/2006 5:35:10 PM

Closing U.S. Market Watch found at this Link

Jeff Bailey : 4/12/2006 5:17:54 PM

Bull Correction Alert for the very narrow Dow Industrials Bullish % ($BPINDU) Link

Dorsey/Wright's (BPDJIA) also 60%, but "bear confirmed"

Jeff Bailey : 4/12/2006 5:02:11 PM

Now THAT'S a bearish signal reversed Link

Jeff Bailey : 4/12/2006 5:00:58 PM

CGX alert ... should resume trading any second now.

Jeff Bailey : 4/12/2006 5:00:09 PM

CGX ... be careful with any type of "Market Order" .... INET $18.53 x $85.66

Jeff Bailey : 4/12/2006 4:58:52 PM

Consolidated Graphics (CGX) $53.01 +1.93% ... halted.

Company press release (exploring strategic alerntative) at this Link

Jeff Bailey : 4/12/2006 4:54:05 PM

AMD $35.00 ... active ... extended low/high $34.40/$36.10

Jeff Bailey : 4/12/2006 4:48:49 PM

AMD ... extended low/high has been $35.25/$36.10

Jeff Bailey : 4/12/2006 4:47:25 PM

AMD alert resume trading ... $36.00

Jeff Bailey : 4/12/2006 4:46:44 PM

AMD alert ... set to resume trading any minute now.

Jeff Bailey : 4/12/2006 4:43:38 PM

Marvell Tech (MRVL) $56.51 +0.03% ... quiet at $56.45 extended.

Jeff Bailey : 4/12/2006 4:35:05 PM

AMD (update) still halted. Not seeing an indicated resumption time.

DJ - Advanced Micro Devices Inc. (AMD) late Wednesday said it earned $185 million, or 38 cents a share, in the first quarter.

Last year, the company posted a loss of $17 million, or 4 cents a share, due to its money-losing memory business that it no longer counts on its books.

Sales for the first quarter ended March 26 came in at $1.33 billion, up 8.6% from $1.23 billion a year earlier, boosted by sales of chips used in servers.

Analysts polled by Thomson First Call expected sales of $1.33 billion and earnings of 30 cents a share.

Sunnyvale, Calif.-based AMD is the world's No. 2 maker of personal computer chips behind Intel Corp.

Jeff Bailey : 4/12/2006 4:28:40 PM

AMD $35.42 +3.11% ... still halted.

INET bid/ask $35.20 x $35.75

WEEKLY Pivot Levels ... $30.53, $32.11, Piv= 33.74, R1=$35.31, R2=$36.95

Jeff Bailey : 4/12/2006 4:24:57 PM

Intel (INTC) $19.12 -0.20% ... quiet at $19.13 extended.

Jeff Bailey : 4/12/2006 4:22:12 PM

AMD (update) ... DJ- Advanced Micro Devices Sees 2Q Sales Flat-Slightly Dn Vs 1Q

1Q Sales $1.33B Vs $1.23B

1Q Gross Margin 58.5% Vs 57.3% In 4Q

Sees 2Q Sales Up 65% Vs Yr-Ago

Jeff Bailey : 4/12/2006 4:20:09 PM

AMD (update) Headline : Q1 EPS $0.38

Jeff Bailey : 4/12/2006 4:19:13 PM

Advanced Micro (AMD) $35.42 +3.11% ... halted for trade.

Jane Fox : 4/12/2006 4:20:37 PM

Full docket tomorrow
8:30a.m. Initial Jobless Claims For April 9 Wk. Consensus: +6K. Previous: -5K.
8:30a.m. March Retail And Food Sales. Consensus: +0.5%. Previous: -1.4%.
8:30a.m. March Retail And Food Sales, Ex-Autos. Consensus: +0.5%. Previous: -0.4%.
8:30a.m. March Import Prices. Consensus: +0.2%. Previous: -0.5%.
9:45a.m. Mid-April Univ. of Michigan Consumer Sentiment. Consensus: 89. Previous: 88.9.
10a.m. Feb. Business Inventories. Consensus: +0.3%. Previous: +0.6%.

Jeff Bailey : 4/12/2006 4:06:36 PM

YM day trade close out alert here at 11,173

Jeff Bailey : 4/12/2006 3:56:29 PM

Intl. Bus Mach (IBM) $80.85 -0.39% ...

Jeff Bailey : 4/12/2006 3:55:21 PM

Intel (INTC) $19.11 -0.26% ... means something to the QQQQ, but not all that much to the INDU/DIA/YM

Jeff Bailey : 4/12/2006 3:54:30 PM

Advanced Micro (AMD) $35.29 +2.73% ... will report after the close. I've got consensus at $0.30.

Jeff Bailey : 4/12/2006 3:53:17 PM

No Dow components reporting quarterly earnings after the close.

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

YM 11,177 ... lower day trade short stop alert to 11,186.

Jeff Bailey : 4/12/2006 3:44:23 PM

DJX April Options Montage at this Link

Jeff Bailey : 4/12/2006 3:38:29 PM

Dow Diamonds April Options Montage found at this Link

Jeff Bailey : 4/12/2006 3:32:45 PM

Dow Diamonds (DIA) $111.33 +0.36% ... DnTickVol/UpTickVol 554,600:454,900 is modestly bearish.

Jeff Bailey : 4/12/2006 3:30:01 PM

YM trade update alert 11,180 ... at this point of the session, I see no reason to hold a short overnight, UNLESS the YM looks to close back under 11,160.

Jeff Bailey : 4/12/2006 3:28:09 PM

03:09 Internals found at this Link

Jane Fox : 4/12/2006 3:15:32 PM

Gee the AD line up to +1!!

Jeff Bailey : 4/12/2006 3:14:52 PM

QQQQ $41.91

TRINQ 1.11 after kiss of WEEKLY Pivot (1.15)

Jeff Bailey : 4/12/2006 3:13:59 PM

OEX 583.80 +0.03% ... buyers defend WEEKLY S1.

Jeff Bailey : 4/12/2006 3:13:11 PM

03:09 Market Watch found at this Link

Jeff Bailey : 4/12/2006 3:08:13 PM

OEX 583.54 (unch) ... you can see it, you can feel it.

Day Trader's heart beats a little faster.

Jeff Bailey : 4/12/2006 3:06:25 PM

YM 11,168 ....

Jeff Bailey : 4/12/2006 3:04:31 PM

QQQQ $41.85 -0.16% ... after kiss of WEEKLY S1.

Jeff Bailey : 4/12/2006 3:00:57 PM

TRINQ alert 1.10 ... session high. WEEKLY Pivot just ahead at 1.15

Jeff Bailey : 4/12/2006 2:58:20 PM

OEX 583.69 ... after a third intra-day kiss of WEEKLY S1

Jeff Bailey : 4/12/2006 2:55:48 PM

If there is a "distress signal" being broadcast, it would be here for an ER trader.

Jeff Bailey : 4/12/2006 2:54:13 PM

IWM 73.98 +0.51% ... slips back under DAILY Pivot ($74.05) ... no real volume that I can see.

Jane Fox : 4/12/2006 2:50:38 PM

Here is a never released before transcript of Flight #93. Link

Jeff Bailey : 4/12/2006 2:47:59 PM

Boeing (BA) $83.41 +3.52% ...

Jeff Bailey : 4/12/2006 2:47:11 PM

ym 11,172

Jeff Bailey : 4/12/2006 2:46:14 PM

Keeping an eye on the OEX 583.77 +0.03% ... bugger has been holding WEEKLY S1 all day.

Jeff Bailey : 4/12/2006 2:39:11 PM

Dollar Index (dx00y) 89.64 +0.22% ... when I went to bed last night, dx00y was at session low and DAILY S2, but firming.

With Nikkei ($NIKK) weak, I was wondering if the trade numbers might not be a little favorable.

Jeff Bailey : 4/12/2006 2:35:27 PM

RUT a/d now 1000:683

TRIN 0.74

TRINQ 1.01

Jeff Bailey : 4/12/2006 2:32:36 PM

You're right Jane ... ER can be "wild." Ping, ping between WEEKLY R1 and DAILY Pivot last hour.

Jeff Bailey : 4/12/2006 2:31:06 PM

YM 11,170

Jeff Bailey : 4/12/2006 2:30:23 PM

VXN 17.15 +0.52%

TRINQ 0.89

QQQQ $41.87 -0.11%

Jeff Bailey : 4/12/2006 2:27:25 PM

SPY-PV (update) ... confirming error. CBOE shows just 1,105 contracts traded.

My Ameritrade Level II shows 2,277 traded so far.

Jeff Bailey : 4/12/2006 2:23:00 PM

I'll run over to the CBOE site and check their option chain. Here's my QCharts' SPY option chain at this Link

Jeff Bailey : 4/12/2006 2:12:34 PM

Folks, I'm not sure this is correct (via Qcharts), but I'm showing 48,493,779 contract traded in the Apr 126 Puts.

I'll bet it is wrong and cause for that "bad tick"

If it is correct and anything like CNBC's notes regarding IWM, then we're on the al_rt.

Jeff Bailey : 4/12/2006 2:09:38 PM

Bad tick in the VIX to, to, to 13.90. (12:25:12:30 PM interval)

That's darned close to that 14.00 level where more than a year ago that options trader at the CBOE said he likes to sell premium.

Jeff Bailey : 4/12/2006 2:01:19 PM

Little buy program here .... YM 11,178

Jeff Bailey : 4/12/2006 2:00:19 PM

GREENSPAN SAYS SARBANES-OXLEY WILL FACE REVISION DJ- U.S. legislation to tackle the corporate governance scandals that hit Wall Street over the last several years will face revisions due to domestic concerns it may have gone too far, says former Fed chairman Alan Greenspan.

Jeff Bailey : 4/12/2006 1:56:14 PM

NASDAQ Comp (COMPX) 2,314 +0.14% ... highs have been capped by DAILY Pivot (2,317.45). More than 3,000 stocks here too.

Jeff Bailey : 4/12/2006 1:54:42 PM

NYSE Comp (NYA.X) up a bone at 8,215. Bugger has been riding ON its WEEKLY S1 (8,209) since the opening tick. More than 3,000 stocks here.

Jeff Bailey : 4/12/2006 1:47:55 PM

RUT ... a/d 1080:584

Jeff Bailey : 4/12/2006 1:45:34 PM

YM 11,174 ... just sitting here. Like it is looking at ER for some confirmation of strength.

ER looking back over its shoulder, saying "well? are you coming?"

Jeff Bailey : 4/12/2006 1:43:53 PM

Jane ... you checking out that ER action after kiss of WEEKLY S1?

Jeff Bailey : 4/12/2006 1:40:50 PM

I should note that it is "rare" for the VXN to be any type of a predictor that VIX, or VXO to follow intra-day.

Still, an NQ/NDX/QQQQ trader looking for clues.

Marc has mentioned $42.00 as "max pain" and that's good enough for me.

Jeff Bailey : 4/12/2006 1:33:12 PM

YM 11,170 ... slap a "dynamic" retracement on the 11,146-11,193 range. Bugger doesn't want to come back under 61.8% at 11,164 since my short entry below DAILY Pivot.

Jeff Bailey : 4/12/2006 1:27:35 PM

QQQQ 41.93 +0.02% ... did stick its head above DAILY Pivot

Tab Gilles : 4/12/2006 1:25:18 PM

Murphy Oil (MUR) $50.81 - 0.57 (1.11%) Link

Jeff Bailey : 4/12/2006 1:25:24 PM

VXN.X 17.06 +0.11% ... Only volatility measure between it VIX/VXO that I show green.

Jeff Bailey : 4/12/2006 1:23:16 PM

Very bullish Jane ... almost,well... too bullish.

Jane Fox : 4/12/2006 1:22:53 PM

Jeff that seems pretty bullish doesn't it?

Jeff Bailey : 4/12/2006 1:21:44 PM

ER at WEEKLY S1 ! If long, have to be protective with YM 11,176

Jeff Bailey : 4/12/2006 1:20:18 PM

Jane! I'm seeing the RUT a/d line is 1153:515 !

Jeff Bailey : 4/12/2006 1:19:49 PM

01:00 Internals found at this Link

Jeff Bailey : 4/12/2006 1:10:34 PM

01:00 Market Watch found at this Link

Jeff Bailey : 4/12/2006 1:06:36 PM

Check out your DIA chart, volume turned on, and action at DAILY Pivot at 12:00-12:05. That's where the buyers are. It ties with Option Chain action.

No doubt in my mind of what to look for from the VXO.

Bear is NOT getting it (what they want to see) at this point.

Jeff Bailey : 4/12/2006 1:04:22 PM

YM 11,185 ... DIA $111.38

Jeff Bailey : 4/12/2006 1:03:48 PM

Need a seller now.

Jeff Bailey : 4/12/2006 12:59:40 PM

OI Newsletter Plays found at this Link

Jeff Bailey : 4/12/2006 12:56:04 PM

Current OPEN MM Profiles that I've made at this Link

Jeff Bailey : 4/12/2006 12:42:20 PM

DIA Option Chain sorted by most active at this Link ... enough 111 and 110 PUT SELLING to keep this YM bear on the al_rt.

VXO has found resistance at its DAILY Pivot since falling below at 10:35 AM EDT.

WEEKLY R2 and DAILY R1 are a match, and that would be monitored if hit.

Where's YM DAILY S1?

Jeff Bailey : 4/12/2006 12:30:20 PM

VXO.X 12.37 -1.82% ... DAILY Pivot Levels ... 11.37 , 11.98, Piv= 12.44 , 13.05, 13.51.

Just 100 stocks here, all 30 dow components included.

Jeff Bailey : 4/12/2006 12:27:51 PM

VIX 12.77 ... I should check my DIA options chain real quick. Expiration is next Friday and things tend to get done this week.

Jeff Bailey : 4/12/2006 12:25:06 PM

At any point of the day, a day trader with a position on gets the feel, based on observation, that "this is the important part of the day."

YM 11,171 ... I've got that feeling right now.

Jeff Bailey : 4/12/2006 12:23:26 PM

Boeing (BA) $83.50 +3.63% ... Its WEEKLY R2 is lower at $82.02!

Jeff Bailey : 4/12/2006 12:22:20 PM

You get the feel that an ER bull above WEEKLY S2 is saying "I need the YM...." to do this and not do that too.

Jeff Bailey : 4/12/2006 12:20:04 PM

TRIN 0.81

VIX 12.81

Jeff Bailey : 4/12/2006 12:18:26 PM

YM / ER 5-minute interval chart montage at this Link ... One of these days I may have to belly up for CME real-time, but at this point, I really like trading the YM. Just 30 stocks to keep track of and all but 2 are NYSE listed.

Jeff Bailey : 4/12/2006 11:59:04 AM

YM 11,173 ... need the ER to fail back below WEEKLY S2.

Jeff Bailey : 4/12/2006 11:35:37 AM

Boeing (BA) $83.72 +3.90% ... now the biggest price-weighted component. I didn't re-sort by price. Can see others out of order too.

Jeff Bailey : 4/12/2006 11:32:19 AM

Dow Components found at this Link

Jeff Bailey : 4/12/2006 11:27:55 AM

YM ... not good for the bear as VIX comes back under its DAILY Pivot/WEEKLY R1.

Tempting to short up here on technical factors only, but could face break higher buying.

Jeff Bailey : 4/12/2006 11:25:39 AM

YM 11,184 ... 5-minute interval chart with VIX/TRIN measures at this Link

Jeff Bailey : 4/12/2006 11:18:42 AM

11:00 Internals found at this Link

Jane Fox : 4/12/2006 11:11:45 AM

... however, it does look like my ER system is about to go long and if it does I will be on board.

Jane Fox : 4/12/2006 11:11:03 AM

Jeff I will let you know when the bell rings, if it does. But just because I would be not be short does not mean I would be long. Not trading is most definitely the best trade many times.

Jeff Bailey : 4/12/2006 11:09:54 AM

Jane ... then I should hear a bell ringing for a long on the ER?

Help hedge my YM short.

Jeff Bailey : 4/12/2006 11:03:04 AM

11:00 Market Watch found at this Link

Jane Fox : 4/12/2006 11:00:40 AM

With the VIX, TRIN, TICKS and ADs I would have a hard time being short this market.

Jeff Bailey : 4/12/2006 10:58:17 AM

If I were to use TRIN readings in a strategy of trading this morning, a trader that usually trades 4 YM contracts as a "full position" should only be short 1 contract, or 1/4 position. Then check level of YM and TRIN/VIX indications to perhaps leg in, on hold pat.

Jeff Bailey : 4/12/2006 10:55:41 AM

Jane (10:38:18) ... Yes, but VIX above DAILY Pivot/WEEKLY R1 correlation.

TRIN looks a little "overdone" to the downside at 0.57, currently rising to 0.78. IF ... TRIN goes above 1.0, I think trader wants to be short just under DAILY Pivot.

Jane Fox : 4/12/2006 10:55:41 AM

TICKS +800

Jeff Bailey : 4/12/2006 10:50:08 AM

Benchmarking ... TRIN 0.77 / VIX 12.83

Jeff Bailey : 4/12/2006 10:48:16 AM

YM short entry alert 11,155

Jeff Bailey : 4/12/2006 10:47:36 AM

EIA Weekly Crude Oil, Gasoline and Distillate Inventory Table found at this Link

Jeff Bailey : 4/12/2006 10:39:39 AM

YM 11,175 ... buyers were steady on re-test of DAILY Pivot.

TRIN 0.70

VIX 12.77

Jeff Bailey : 4/12/2006 10:38:01 AM

Boeing (BA) $83.99 +4.12% ... Dow heavyweight will be the potential thorn in the side of a YM bear.

Jane Fox : 4/12/2006 10:37:52 AM

AD line at -78 and AD volume is above 0 so the bulls are certainly not out of the picture.

Jane Fox : 4/12/2006 10:38:18 AM

Jeff the TRIN is bullish and I see the VIX is not confirming ES's (S&P Futures) new daily low. HMMM!

Jeff Bailey : 4/12/2006 10:35:49 AM

TRIN still quite bullish at 0.70.

Jeff Bailey : 4/12/2006 10:35:13 AM

YM 11,160 .... low/high has been 11,146/11,193

Jeff Bailey : 4/12/2006 10:33:43 AM

YM short alert ... look to go short the YM (again) on trade at 11,155, stop 11,195.

Jeff Bailey : 4/12/2006 10:30:06 AM

Secretary Rice (comment) DJ- Time for action when Security Council meets on Iran

Jeff Bailey : 4/12/2006 10:15:09 AM

Deere (DE) $82.76 +2.23% ... Seeing a Reuters headline that "North American tractor sales fore in March"

Story to headline not available.

Jeff Bailey : 4/12/2006 10:05:48 AM

Program Trading Levels ... HL Camp & Company has their computers set for program buying at $+8.52 and set for program selling at $+5.98.

Fair Value for the S&P 500 today is $7.20.

Jeff Bailey : 4/12/2006 10:03:21 AM

10:00 Market Watch found at this Link

Jeff Bailey : 4/12/2006 9:55:38 AM

OI Newsletter Plays found at this Link

Jane Fox : 4/12/2006 9:53:30 AM

Interesting the VIX is making new daily lows as the TRIN is making new daily highs. HMMMM

Jeff Bailey : 4/12/2006 9:51:10 AM

I overslept my alarm.

Jeff Bailey : 4/12/2006 9:50:29 AM

YM stopped alert ... 11,165 here, but did trade my overnight stop of 11,175.

Jane Fox : 4/12/2006 9:44:19 AM

I think we have to give the reins to bulls here. Both the VIX and TRIN confirm these two bullish charts. Link

Jane Fox : 4/12/2006 9:38:22 AM

VIX to new daily lows confirms ES's new daily high. The TRIN at 0.61 also suggests bullishness.

Jane Fox : 4/12/2006 9:36:59 AM

AD line is +277 and AD volume is above 0 and rising. The bulls have the upper hand but I'm not giving the reins to them yet.

Jane Fox : 4/12/2006 9:34:19 AM

Gold continues to be strong today but this market is ripe for a retracement. THis chart remains bullish as long as it stays above 580 IMHO. Link

Jane Fox : 4/12/2006 9:28:31 AM

Dateline WSJAs Merck & Co. was hit with big punitive damages in a Vioxx case yesterday, plaintiffs' attorneys are setting their sights on one of the company's other blockbusters: osteoporosis drug Fosamax.

The drug maker is facing 10,000 lawsuits related to its painkiller Vioxx, which it pulled from the market in 2004 after a study showed that using the drug for 18 months or longer increased the risk of heart attacks and strokes. Now, adding to Merck's woes are reports that link long-term use of Fosamax to a rare disease in which a patient's jawbone rots and dies, called osteonecrosis of the jaw, or ONJ.

Echoing claims made in Vioxx lawsuits, Pensacola, Fla.-based law firm Levin Papantonio Thomas Mitchell Echsner & Proctor earlier this week filed a suit against Merck in U.S. District Court in Fort Myers seeking class-action status. The suit claims that Merck sold and heavily marketed Fosamax, the company's second-best-selling product, as safe despite knowing about its dangerous side effect. Another law firm, Knoxville, Tenn.-based Threadgill, filed a similar suit against Merck last fall.

Jane Fox : 4/12/2006 9:15:42 AM

Dateline WSJ The U.S. trade deficit narrowed by 4.1% during February as purchases of foreign oil, automobiles, and other goods decreased.

The U.S. deficit in international trade of goods and services shrank to $65.74 billion from a revised $68.59 billion in January, the Commerce Department said Wednesday. January's shortfall was previously estimated at $68.51 billion.

The February shortfall in trade was smaller than Wall Street predicted. A Dow Jones Newswires and CNBC survey of 21 economists had forecast a deficit of $67.50 billion.

U.S. exports fell in February, but imports decreased by 2.3% to $178.73 billion from $182.92 billion, Commerce said.

Consumer goods imports -- including furniture and televisions -- fell by $888 million. Purchases of cars and parts made abroad dropped $1.3 billion. U.S. imports of capital goods, like civilian aircraft and medicinal equipment, decreased by $1.5 billion. Purchases of industrial materials from overseas dropped by $185 million.

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