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Jeff Bailey : 6/7/2006 11:21:54 PM

I need to get some sleep. See you in the morning.

Jeff Bailey : 6/7/2006 11:19:34 PM

YM short update alert ... YM short from 10,909, overnight stop at ES 1,264 (couple points above DAILY Pivot), target YM 10,810

Jeff Bailey : 6/7/2006 11:18:01 PM

Aha! Keene has posted Thursday's pivot table.

Probably don't need to give so much room to an ES stop of 1,270. Say... YM stop should ES trade 1,264.

Jeff Bailey : 6/7/2006 11:04:26 PM

Index Pivot Matrix for Thursday at this Link

Jeff Bailey : 6/7/2006 10:53:16 PM

YM short entry alert 10,909 , use an ES stop of 1,270, target YM 10,810

OI Technical Staff : 6/7/2006 9:59:59 PM

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Jeff Bailey : 6/7/2006 9:56:18 PM

Nikkei-225 ($NIKK) unconventional 200-point box Link

Jeff Bailey : 6/7/2006 9:47:39 PM

Nikkei-225 ($NIKK) down 322.75, or -2.14% at 14,773.26 Link ...

Jeff Bailey : 6/7/2006 9:43:00 PM

Boing! .... YM 10,920

Jeff Bailey : 6/7/2006 9:41:46 PM

YM 5-minute interval chart with Thursday's DAILY Pivot Retracement at this Link

Jeff Bailey : 6/7/2006 9:38:53 PM

YM alert 10,911 ... Jane will like that.

Jeff Bailey : 6/7/2006 9:00:42 PM

YM Pivot Matrix for Thursday at this Link

Jeff Bailey : 6/7/2006 6:53:05 PM

YM recap 5-minute interval chart at this Link

Will want to monitor bonds tomorrow, get their reaction to the 03:00 Consumer Credit report.

Jeff Bailey : 6/7/2006 6:52:18 PM

Current OPEN MM Profiles found at this Link

Today's Activity

Stock/Options

Swing trade bullish stopped on just over 1/2 position, (100 shares) of Frontier Oil (FTO) at $53.50 ($-3.40, or -5.98%)

Swing trade shorted 1/2 position in Baker Hughs (BHI) at the bid of $84.20. Stop currently $87.10, targeting $79.00.

At 01:36:34 PM EDT decided it best (An Aversion to Risk) Link to close out/buy back the Petrochina PTR June $95 Put (PTR-RS) at the offer of $0.45 with the underlying shares trading $103.98. ($+0.65, or +59.09%)

Swing trade shorted 1/2 position in shares of Boeing (BA) at the bid of $81.55. Stop currently $82.55 and targeting $78.00.

YM Futures

Day trade shorted the YM at 11,017 (Stop= 11,042 : Tgt= 10,955) and closed at target of 10,955. (+62 pts, or $310/contract)

Jeff Bailey : 6/7/2006 5:13:46 PM

Closing Internals found at this Link

Jeff Bailey : 6/7/2006 4:59:14 PM

Closing U.S. Market Watch found at this Link

July Crude Oil (cl06n) settled down $1.68, or 2.32% at $70.82.

July Unleaded (hu06n) settled down $0.0548, or -2.52% at $2.124.

Ahead of tomorrow's EIA Nat. Gas report, July Nat Gas (ng06n) plunged further to settle down $0.411, or -6.44% at $5.97. First settlement close on this below $6.00 since 05/12/05.

Jeff Bailey : 6/7/2006 4:07:13 PM

Sell Program Premium ... SPY $125.82 : YM 10,925

Jeff Bailey : 6/7/2006 4:00:37 PM

Sell Program Premium ... SPY 125.87 : YM 10,934

Jane Fox : 6/7/2006 3:54:51 PM

Tomorrow's economic reports include:
8:30a.m. Initial Jobless Claims For June 4 Wk. Consensus: -11K. Previous: +7K.
10a.m. April Wholesale Trade. Consensus: +0.6%. Previous: +0.2%.

Jeff Bailey : 6/7/2006 3:49:56 PM

Very computerized look to things.

Jeff Bailey : 6/7/2006 3:49:23 PM

Boeing (BA) alert $81.25 +0.74%

Jeff Bailey : 6/7/2006 3:48:49 PM

Petrochina (PTR) alert $102 -4.49% ...

Jeff Bailey : 6/7/2006 3:48:06 PM

YM short target alert 10,955

Jane Fox : 6/7/2006 3:42:46 PM

U.S. April nonrevolving credit rises $7.6 billion, or 6.7%
US April revolving credit rises $3 billion, or 4.5%
consumer credit above expectations
US April consumer credit rises $10.6 billion, or 5.9%

Jeff Bailey : 6/7/2006 3:41:16 PM

YM short lower stop alert to 10,977

YM 10,970

Jane Fox : 6/7/2006 3:28:31 PM

AD volume is really falling now and TRIN to new daily highs. VIX is rising. And the ball is handed back to the bears.

Jeff Bailey : 6/7/2006 3:27:30 PM

Sell Program Premium .. SPX 1,261 : YM 10,975

Jeff Bailey : 6/7/2006 3:22:54 PM

S&P Retail Index (RLX.X) 452.45 +0.16% ... WEEKLY S2 here.

Jeff Bailey : 6/7/2006 3:17:39 PM

As noted last night, consensus was a more modest $3.5 Billion.

Jeff Bailey : 6/7/2006 3:16:44 PM

Consumer Credit Alert! Alert! Expanded to $10.6 Billion in April.

Jeff Bailey : 6/7/2006 3:14:10 PM

03:00 Internals found at this Link

Jeff Bailey : 6/7/2006 3:02:49 PM

03:00 Market Watch found at this Link

Jane Fox : 6/7/2006 2:59:40 PM

Vical (VICL) shares up 4% to $6.92 on positive data for avian flu vaccine
Positive preclinical data accelerates grant of funds and early access to $2.6m in NIH funding
VICL use funds to complete preclinical development

Jeff Bailey : 6/7/2006 2:41:09 PM

YM short entry alert 11,017 here, stop 11,042, target 10,955

Jane Fox : 6/7/2006 2:30:43 PM

Obviously the market is not all that impressed with NSTK's application for a nasal spray to treat obesity. Link

Jeff Bailey : 6/7/2006 2:07:56 PM

I think its those May rig counts Bob ...

Jeff Bailey : 6/7/2006 2:03:04 PM

Sell Program Premium ... SPX 1,265.24 : YM 11,015

Jeff Bailey : 6/7/2006 1:50:54 PM

Swing trade short alert ... for 1/2 position in Boeing (BA) $81.55 +1.11% here, stop $82.55, target $78.00.

Jeff Bailey : 6/7/2006 1:48:50 PM

IBM (alert) $80.10 +0.43% ...

Jeff Bailey : 6/7/2006 1:36:34 PM

Swing trade naked put close out alert ... for the Petrochina PTR June $95 Put (PTR-RS) at the offer of $0.45. Currently $0.15 x $0.45.

PTR $103.98 -2.64%

Jeff Bailey : 6/7/2006 1:11:56 PM

SPX NH/NL 5:10

Jeff Bailey : 6/7/2006 1:11:41 PM

01:00 Internals found at this Link

Jeff Bailey : 6/7/2006 1:02:13 PM

01:00 Market Watch found at this Link

Jeff Bailey : 6/7/2006 12:48:58 PM

May Rig Counts ... Reuters- Baker Hughes said the number of rigs searching for oil and gas in the U.S. rose by 38 to 1,635 from April, and is up 316 from 1,319 a year ago.

Non-north American international rig counts for May was 920, up 8 from the 912 counted a month earlier and up 1 from the 919 counted in May 2005.

International offshore rig count for May was 275, up 6 from the 269 counted in April and unchanged from the 275 counting in May 2005.

Jeff Bailey : 6/7/2006 12:35:51 PM

Current OPEN MM Profiles found at this Link

Jeff Bailey : 6/7/2006 12:14:30 PM

AMEX Gold Bugs ($HUI.X) 318.26 (unch) ... claws back to unchanged.

That achievement of bearish vertical count in the August Gold futures contract may put in near-term bottom for the equities.

Jane Fox : 6/7/2006 11:59:39 AM

Ok now we are getting more bullish. TRIN is dropping, VIX to new daily lows, AD volume to new daily highs and finally AD line to new daily highs as well.

Jane Fox : 6/7/2006 11:58:14 AM

Here is a piece of trivia "The TSX closed yesterday JUNE--- 06 06 2006 at 11,666"

Jane Fox : 6/7/2006 11:57:02 AM

NYSE MOST ACTIVE STOCKS: LU IPG NT PFE Q

Jane Fox : 6/7/2006 11:56:53 AM

NASDAQ MOST ACTIVE STOCKS: INTC JDSU MSFT CSCO SUNW

Jeff Bailey : 6/7/2006 11:48:44 AM

Bearish swing trade short alert for 1/2 position in Baker Hughs (BHI) $84.20 -1.52% here, stop 87.10, target $79.00

Jeff Bailey : 6/7/2006 11:22:08 AM

11:00 Internals found at this Link

Tuesday's Internals found at this Link

Jane Fox : 6/7/2006 11:12:20 AM

U.S. ability cope with oil prices may be waning: Greenspan

Jeff Bailey : 6/7/2006 11:03:35 AM

11:00 Market Watch found at this Link

Jeff Bailey : 6/7/2006 10:52:43 AM

EIA Weekly Gross Inputs, Refinery Op. Capacity, Pct. Utilization of Op. Capacity Table found at this Link

Jeff Bailey : 6/7/2006 10:45:11 AM

Operable Capacity (alert) up 54,000

Has Percent Utilization falling to 90.97% from 91.44% week-over-week.

Jane Fox : 6/7/2006 10:43:20 AM

LOOPNET (LOOP) IPO OPENS AT $14.75, ABOVE $12 PRICE

Jane Fox : 6/7/2006 10:42:51 AM

NATURAL GAS FUTURES OFF 34 CENTS AT $6.04

Jane Fox : 6/7/2006 10:41:38 AM

Crude supplies up 1.1M barrels in latest week: Energy Dept

Jane Fox : 6/7/2006 10:41:14 AM

GREENSPAN: MIDDLE EAST OIL SHUTDOWN WOULD HURT U.S. ECONOMY

Jeff Bailey : 6/7/2006 10:39:31 AM

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

Jeff Bailey : 6/7/2006 10:33:48 AM

Distillate 0-15 PPM up a whopping 4.4 million ... +830% vs. year ago!

Jeff Bailey : 6/7/2006 10:32:42 AM

Distillate Inventory up 1.76 million

Jeff Bailey : 6/7/2006 10:32:01 AM

Unleaded Inventory up 1.05 million

Jeff Bailey : 6/7/2006 10:31:37 AM

Crude Oil Inventory up 1.14 million

Jeff Bailey : 6/7/2006 10:26:18 AM

EIA weekly inventory data due out in 4 minutes.

Jeff Bailey : 6/7/2006 10:04:34 AM

IBM alert $80.10 +0.43% ...

Jeff Bailey : 6/7/2006 10:03:37 AM

10:00 Market Watch found at this Link

Jeff Bailey : 6/7/2006 10:00:34 AM

Boeing (BA) alert $81.34 +0.85% ...

Jeff Bailey : 6/7/2006 9:59:40 AM

August Gold (gc06q) 624.50 -1.6% ... achieves it 2-point box bearish vertical count of $622.00

Jeff Bailey : 6/7/2006 9:55:21 AM

Gold getting hammered.

StreetTracks Gold (GLD) $61.37 -1.88%

Jeff Bailey : 6/7/2006 9:45:30 AM

Nikkei-225 ($NIKK) fell 288.85, or -1.88% to 15,096.01 ... Link

Jeff Bailey : 6/7/2006 9:43:47 AM

Hang Seng ($HSI) fell 156.56, or -0.98% to 15,816.55 ... Link

Jane Fox : 6/7/2006 9:42:56 AM

INTC DOWN 1.2% AT $17.56

AA DOWN 1.1% AT $30.34

$RLX INCHES AHEAD AT OPEN TO 452.51

NAV NAVISTAR UP 1.1% AT $26.85

TGT SHARES OPEN HIGHER BY 1.8% AT $48.45

NWACQ DOWN 6.7% AT 56 CENTS

Jeff Bailey : 6/7/2006 9:40:09 AM

Bullish swing trade stopped alert for Frontier Oil (FTO) at $53.50.

Jane Fox : 6/7/2006 9:23:38 AM

YRCW expects Q2 net income $1.49-$1.54
YRCW Q2 first call estimate $1.46
YRCW previously forecast Q2 adjusted earns $1.45-$1.50

Jane Fox : 6/7/2006 9:20:37 AM

YRC (YRCW) Worldwide shares up 6.6% to $41.57 on instinet. I will watch the wires for why.

Jane Fox : 6/7/2006 9:06:09 AM

Borders Group (BGP) corrects Q1 results and gross margin in international unit

Jane Fox : 6/7/2006 9:03:24 AM

Dateline WSJ VIENNA, Austria -- World powers have compromised on a demand that Iran commit to a long-term moratorium on uranium enrichment and are asking only for suspension during talks on Tehran's nuclear program, diplomats said Wednesday.

In another concession, Iran would be allowed to carry out uranium conversion -- a precursor to enrichment -- if it agrees to multinational talks, said the diplomats who declined to be named because they aren't authorized to divulge the contents of the offer, which was made by six countries Tuesday in a bid to defuse the Iranian nuclear standoff.

Such changes to long-standing international demands on enrichment are important, because they signal possible readiness to accept some limited form of the activity, despite fears that it can be misused to make the fissile core of nuclear warheads.

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