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OI Technical Staff : 4/20/2006 9:59:59 PM

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Jane Fox : 4/20/2006 4:12:35 PM

There are no major economic reports scheduled for release tomorrow.

Jane Fox : 4/20/2006 4:11:56 PM

Google posts jump in net income, well ahead of analysts' expectations, as revenue surges 79% to $2.25 billion.

Jane Fox : 4/20/2006 2:20:23 PM

$RUT ad line 536/1183

Keene Little : 4/20/2006 2:01:20 PM

Combining both sides would make the most sense Jane. We regularly comment on futures, stocks and options, along with overall market commentary anyway so why not just all be together. As for the downloaded version I'd like to use it but haven't been successful in getting it to work for me.

Jane Fox : 4/20/2006 1:45:00 PM

Keene I know you have talked about this refresher before but I like to use the downloaded version so I can have both sides open. I think the best solution now is to merge the two because there are only the three (and sometimes four) of us making a commentary.

Keene Little : 4/20/2006 1:37:46 PM

For those who are struggling with the MM not refreshing, I've been using the browser version of MM for a long time now because the downloaded version would not update for me (I'm not sure if my router is blocking it). At any rate, if you use the browser version you must of course manually refresh it which is a pain. I downloaded and installed a little program called YRefresher which installs into your IE browser and enables you to select automatic refreshes at whatever interval you'd like. I recommend the program. You can google the name of it to find where to download it.

Jane Fox : 4/20/2006 1:26:23 PM

After a couple of tough trading days, emails like are very welcome. What a breath of fresh air. Hi Jane,

I haven't written to you for a while, and just wanted to let you know, I am still out here--still rooting for you! Of course, you do beautifully without me!

Thought you and Keene might be interested in the bearish reversal candle on CCJ (uranium) today, to reinforce your commodities bearishness.

Hope all is well. I am so glad you are hanging in there, and you are not the only one tired of the refresh rate on the MM. I have to restart my browser several times daily, as it doesn't refresh itself often.


Jane Fox : 4/20/2006 1:02:31 PM

AD volume to new daily highs but the AD line is stubbornly below 0 at -309. This is quite odd and a scenario I don't see very often. I'm not sure what to make of it.

Jane Fox : 4/20/2006 12:50:30 PM

That last candle should get the attention of a few silver bulls. Link

Jane Fox : 4/20/2006 12:39:54 PM

$RUT AD line is 421/1208

Jane Fox : 4/20/2006 11:49:52 AM

AD line is a bearish -640 and AD volume is below 0 but barely and it is rising. TRIN remains bullish at 0.67 but is stuck in a range so it is becoming almost useable again today.

Jane Fox : 4/20/2006 10:54:16 AM

Oh how the mightly will fall. Gold is down $22.00 and silver down $1.32.

Jane Fox : 4/20/2006 10:46:21 AM

Gold came back a little and I was able to get into my XAU put.

Jane Fox : 4/20/2006 10:27:30 AM

TICKS +1000

Jane Fox : 4/20/2006 10:23:18 AM

I am only trading the long side today. That may be a mistake but with the relentless bid under this market it puts the probabilities in my favor.

Jane Fox : 4/20/2006 10:20:31 AM

AD line below 0 but look at that volume. Link

Jane Fox : 4/20/2006 10:17:50 AM

VIX is supporting ES new daily highs. So at least something is making sense.

Jane Fox : 4/20/2006 10:25:43 AM

If I had not tried to get in between the spread I would be up $1.00 now.

Jane Fox : 4/20/2006 10:15:00 AM

Forget the XAU put I am trying to get into it has totally gotten away from me.

Jane Fox : 4/20/2006 10:02:33 AM

I have put an order out to buy an XAU Sept 160 put. Dipping my toe in these shark infested waters.

Jane Fox : 4/20/2006 10:00:48 AM

$RUT ad line is 467/1084

Jane Fox : 4/20/2006 9:52:05 AM

AD volume fell and made a breif sojourn below 0 but has now returned to positive. This along with a TRIN at 0.63 and a falling VIX tells me the bears are in trouble.

Jane Fox : 4/20/2006 9:42:35 AM

It is usually a very good idea to stay out of the market during the first 1/2 hour and the internals this morning definitely confirm this.

Jane Fox : 4/20/2006 9:41:39 AM

VIX is making new daily highs putting a downward pressure on the S&P futures.

Jane Fox : 4/20/2006 9:40:00 AM

TRIN is a bullish 0.64.

Jane Fox : 4/20/2006 9:39:41 AM

Ad line is a bearish -500 but interestingly AD volume is ABOVE 0. HMMMM

Jane Fox : 4/20/2006 9:25:38 AM

Dateline WSJ More than 70% of U.S. consumers believe a national housing bubble will burst and home prices will collapse within the next year, although 56% believe it's unlikely to happen in the area where they live, according a new survey.

The Experian-Gallup Personal Credit Index study, released yesterday, found that 71% of the 1,004 adults surveyed believe a bubble exists and could burst within the next 12 months. Only 24% believe it's unlikely to happen and 5% said they didn't know.

However, most consumers don't think it will happen where they live -- at least not in the next three years. The survey found 56% believe it's unlikely to occur in their residential area, while 42% believe it could happen and 2% didn't know. The survey found that 32% believe a bubble exists and will burst in their neighborhood in the next 12 months.

Dennis Jacobe, Gallup Organization's chief economist, said the results reflect public perception about a national housing bubble and news of sharp price increases in certain markets.

Jane Fox : 4/20/2006 9:23:41 AM

WE await the 10:00 March Conference Board Leading Indicators. I will be reading this one closely based on the article I posted yesterday about all the leading indicators are pointing to a recession except Stock and Commodity prices.

Jane Fox : 4/20/2006 9:21:33 AM

Dateline WSJ The number of U.S. workers filing initial claims for unemployment benefits fell more sharply than expected last week, suggesting that underlying job fundamentals remain strong.

Initial jobless claims declined by 10,000 to a seasonally adjusted 303,000 in the week ended April 15, the Labor Department said Thursday.

Jobless claims in the week ended April 8 rose by 12,000 to 313,000, unrevised from the previous estimate.

Last week's decline in unemployment claims was more pronounced than Wall Street expectations. The median estimate of 13 economists surveyed by Dow Jones Newswires and CNBC projected jobless claims would fall by just 5,000 in the April 15 week to 308,000.

The Labor Department said the different timing of spring break holidays among states played some role in the latest week's change in claims, though seasonal factors appeared to capture most of the effect.

Jane Fox : 4/20/2006 9:13:19 AM

I am posting the futures charts on this side because I believe everyone is interested the price of gas and oil not just those who trade futures.

Jane Fox : 4/20/2006 9:12:23 AM

Here is your crude Oil futures chart (June contract) Link

Jane Fox : 4/20/2006 9:10:48 AM

Here is another interesting parabolic chart. NY Unleaded Gas futures. Link

Jane Fox : 4/20/2006 9:02:26 AM

Gold hit a high of 649 overnight. Oh my goodness is that a doji I see piercing the top of the channel? Does that mean Gold may see a retracement? Nah! Link

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