Option Investor
Archive
HAVING TROUBLE PRINTING?
Printer friendly version
Jeff Bailey : 6/15/2006 12:41:32 AM

I've got to get some sleep. I'm running on empty.

Jeff Bailey : 6/15/2006 12:41:28 AM

Yahoo! International Page Link

Jeff Bailey : 6/15/2006 12:37:11 AM

Reuters' International Market Page Link

Jeff Bailey : 6/15/2006 12:33:56 AM

Internet Initiative Japan (IIJI) $6.99 +7.70% Link ... didn't think to check on it until just now.

Jeff Bailey : 6/15/2006 12:32:45 AM

Oh! I know a stock I wanted to take a pulse on.

Baidu.com (BIDU) $79.40 +1.53% Link ... not that much of a pop.

Jeff Bailey : 6/15/2006 12:28:33 AM

Garmin (GRMN) $89.67 +7.31% Link ... one of the STRONGEST stocks in the NDX/QQQQ really bounced back today after achieving its bearish vertical count. Great "pulse" stock in my opinion.

Jeff Bailey : 6/14/2006 11:58:38 PM

Index Pivot Matrix found at this Link

Jeff Bailey : 6/14/2006 11:17:26 PM

YM 5-minute interval chart at this Link

Jeff Bailey : 6/14/2006 11:03:02 PM

YM Pivot Matrix found at this Link

Jeff Bailey : 6/14/2006 10:53:48 PM

YM recap 5-minute interval chart at this Link

I had to go back to 06/01/06 for a YM close above DAILY R1.

OI Technical Staff : 6/14/2006 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The Market Monitor has been archived.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 : 6/14/2006 6:16:52 PM

Current OPEN MM Profiles found at this Link

Today's Activity

Stock/Options

Raised the bullish stop on the iShares Japan (EWJ) to $12.17.

Took some time to outline some bullish thoughts for Intercontinental Exchange (ICE) regarding pending lock-up. Might profile the Sep $60 Calls, but I want traders/investors to have a grasp of the REASONING behind such a trade.

Questions regarding CMJ-SO and one traders of ANY long-put options should be asking themselves.

Jeff,

In that the markets are so oversold, should we be taking some profits on the CME July 420 puts with a possible plan of buying them later at a lower price??

Jeff's Reply: Yes! Now I have profiled just one (1) of the CMJ-SO in my MM profiles. Today's low/high on this contract was $8.80-$13.70 with just 93 contracts traded today. All of the contracts were traded away from the CBOE (Qcharts only reports CBOE trades). I think a trader WELL SERVED to be locking in SOME GAINS on PUTS. NOT JUST the CMJ-SO, but to do so, it has to "make sense" relative to how many contracts you hold, how profitable a position is and commissions too.

I would NEVER discourage a trader that bought 5 CMJ-SO for $8.50 to not sell 2, 3, or 4 contracts, just in case a broad market rally took hold and volatility plunged.

Jeff Bailey : 6/14/2006 5:29:29 PM

Closing Internals found at this Link ... Sell in May, but go away? Not at the big board. NYSE average daily volume up 4% so far in June at 2.58 billion per day. NASDAQ an equal 2.14 billion per day.

Jeff Bailey : 6/14/2006 4:58:42 PM

Closing U.S. Market Watch found at this Link

Jeff Bailey : 6/14/2006 4:48:41 PM

I've already got a potential trade ready for tomorrow.

Jeff Bailey : 6/14/2006 4:42:32 PM

Boeing (BA) and a 0.5% box chart Link

Jane Fox : 6/14/2006 4:14:07 PM

Economic report tomorrow include:

8:30a.m. Initial Jobless Claims For June 11 Wk. Consensus: +18K. Previous: -35K.

8:30a.m. June Empire State Manufacturing Index. Previous: 12.4.

9:15a.m. May Industrial Production. Consensus: +0.2%. Previous: +0.8%.

9:15a.m. May Capacity Utilization. Consensus: 82%. Previous: 81.9%.

12p.m. June Philadelphia Fed Business Index. Consensus: 11. Previous: 14.4.

Jeff Bailey : 6/14/2006 4:13:19 PM

Boeing (BA) $82.01 +6.53% ... and a 1% box chart Link ... stock likes $0.01 doesn't it.

Jeff Bailey : 6/14/2006 4:11:14 PM

Count your percentages. See if there's a rythmic pattern. If so, trade it and be al_rt for divergence to past pattern.

Somewhat like 2 steps forward, 3 steps back. 2 steps forward, 3 steps back. 2 steps forward, 3 steps back. 4, 5, or 6 steps forward is the divergence of change.

Jeff Bailey : 6/14/2006 4:07:33 PM

IWM $67.33 +1.03% ... and a 1% box chart Link

Jeff Bailey : 6/14/2006 4:06:39 PM

DIA $108.23 +1.17% ... and a 1% box chart Link

Jeff Bailey : 6/14/2006 4:05:03 PM

Bullish swing trade raise stop alert for the iShares Japan (EWJ) $12.54 +2.04% to $12.17. Here's that "funky" 1% box chart I showed yesterday at this Link

Jeff Bailey : 6/14/2006 3:57:11 PM

QQQQ $37.60 +0.96% ...

Jeff Bailey : 6/14/2006 3:56:26 PM

DIA $108.20 +1.15%

EWJ $12.53 +1.95%

Jeff Bailey : 6/14/2006 3:50:02 PM

SOX.X 438.62 +1.20% ... expected more short-covering and gains today based on Taiwan's trade.

Jeff Bailey : 6/14/2006 3:48:56 PM

DIA making new session high. A little stronger, but confirms some thoughts about other major indices, especially Asia, being a drag.

Jeff Bailey : 6/14/2006 3:48:11 PM

iShares Japan (EWJ) $12.50 +1.70% ... intra-day looks "just like" the DIA doesn't it?

Jeff Bailey : 6/14/2006 3:40:00 PM

CME $439.00 ... noting volume spike of 38,600 current 5-minutes.

Jeff Bailey : 6/14/2006 3:38:53 PM

ICE Option Montage ... where I begin to highlight my 50% (pink) and (blue) retracement levels at this Link

Jeff Bailey : 6/14/2006 3:27:16 PM

SPX NH/NL 1:25

Yesterday's tally was 1:34

Jeff Bailey : 6/14/2006 3:25:38 PM

CME ... had a $15 range yesterday, and a $15 range today.

June "Max Pain" still $440

Jeff Bailey : 6/14/2006 3:22:51 PM

03:00 Internals found at this Link

Jeff Bailey : 6/14/2006 3:15:06 PM

I can't find the stock symbol for EADS (yesterday's news and today's)

Jeff Bailey : 6/14/2006 3:09:05 PM

It will still be "close." ... PTR $93.47 +3.13%

Jeff Bailey : 6/14/2006 3:06:31 PM

Excellent commentary regarding thought that hedge funds that may have sold puts on "higher" volatility a couple of weeks ago, underwater now.

Huh? PTR-RS might be an example. However, we were on the al_rt.

Jeff Bailey : 6/14/2006 3:04:07 PM

03:00 Market Watch found at this Link

Jeff Bailey : 6/14/2006 2:57:01 PM

Testing ... always testing.

Jeff Bailey : 6/14/2006 2:53:10 PM

CME's WEEKLY S1 right in here too at $435.46. Bears would like to see computer buying get shut off. Weekly S2 at 417.65 overlaps the 05/24/06 low.

Jeff Bailey : 6/14/2006 2:50:39 PM

Chicago Merc (CME) 434.21 -1.56% ... trades just under 19.1% of April-May deline. Has closed under this level only 1 other time. 05/24/06 @ $433.15.

Jeff Bailey : 6/14/2006 2:40:40 PM

ICE ... with all-time high close to all-time low close retracement (pink) at this Link

Jeff Bailey : 6/14/2006 2:08:51 PM

Back in April I noted (based on CNBC al_rt) of heavy May/June put buying. What an observation that was. Sometimes CNBC is a gem.

Tab Gilles : 6/14/2006 2:08:57 PM

Weekly EIA Report Link

Jeff Bailey : 6/14/2006 2:06:43 PM

IWM $67.17 +0.78% ... June's "Max Pain" theory currently tabulated at $70.00 ($1 increments)

Jeff Bailey : 6/14/2006 2:05:23 PM

Also a "reason" for weakness in the financials today?

Jeff Bailey : 6/14/2006 2:03:47 PM

Saw some $0.80 stocks up "big" this morning. Not sure if they are Russell or not.

Jeff Bailey : 6/14/2006 2:02:48 PM

Excellent info Jane! Thank you!

Jane Fox : 6/14/2006 2:00:45 PM

Looks like you are right on the money Jeff.

Jane Fox : 6/14/2006 1:59:21 PM

Jeff here is what I found out:

May 31, 2006 The Russell universe is ranked for inclusion in the Russell Indexes based on market capitalization (total shares outstanding multiplied by closing price). Stocks trading below $1 on May 31 or stocks that start trading thereafter will not be eligible for inclusion.

June 16, 2006 Preliminary lists of membership, additions, deletions and shares for all 21 Frank Russell Indices as of May 31 are posted at 3 p.m. EST.

June 23, 2006 First summary update for all indices including changes in membership, shares, ranking and corporate actions is posted at 3 p.m. EST.

June 30, 2006 Second summary update to changes in membership, shares, ranking and corporate actions is posted at 3 p.m. EST.

June 30, 2006 All newly rebalanced Russell US indices go into effect at the close of trading. Final holdings will be available by 11:30 p.m. EST.

Jeff Bailey : 6/14/2006 1:54:49 PM

Jane ... is Friday or end of the month the final day for Russell-2000 rebalance?

Jeff Bailey : 6/14/2006 1:48:01 PM

StreetTracks Gold (GLD) $55.62 -0.53% ...

Late last night I saw August Gold (gc06q) getting smacked further lower to $550. Was "surprised" to see the type of "recovery" it had this morning.

Jeff Bailey : 6/14/2006 1:39:11 PM

CME ... O gets one square today. Anything we've seen recently to think it does at least give a "sell signal?"

Jeff Bailey : 6/14/2006 1:34:48 PM

VIX 22.70 -4.66% ...

Jeff Bailey : 6/14/2006 1:33:35 PM

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

Jane Fox : 6/14/2006 1:28:30 PM

VIX is climbing confirming the falling AD volume. I feel like I am calling a horse race here.

Jane Fox : 6/14/2006 1:27:41 PM

AD lines plunges to -350 and brings the AD volume down with it.

Jane Fox : 6/14/2006 1:24:24 PM

TRIN to a new daily high but at 0.57 is it even worth mentioning. I know I said I would think short if it did and that would be the play I would take but still not comfortable with it.

Jane Fox : 6/14/2006 1:21:34 PM

Well so much for my "prediction" we would move higher.

Jeff Bailey : 6/14/2006 1:21:29 PM

ICE Jane's 01:04:34 already some help. How much is she willing to risk? How many ICE Points?

Is there an option that exposes a trader to the long-side, same amount of point risk?

I still need Jane's help to solidify my scenario.

Jane Fox : 6/14/2006 1:18:59 PM

TICKS now -1034 so expect a retracement here.

Jane Fox : 6/14/2006 1:18:31 PM

Another TICK -800

Jeff Bailey : 6/14/2006 1:18:07 PM

SPX NH/NL 0:23

Jeff Bailey : 6/14/2006 1:17:51 PM

01:00 Internals found at this Link

Jane Fox : 6/14/2006 1:11:15 PM

AD line slips below 0 on the last TICK -800 reading.

Jeff Bailey : 6/14/2006 1:10:10 PM

Sell Program Premium ... SPX 1,224.43 : YM 10,836

Jane Fox : 6/14/2006 1:10:04 PM

TICKS -800 now.

Jeff Bailey : 6/14/2006 1:05:39 PM

Take some time Jane ... doesn't need to be done right now. Just some supply/demand stuff.

Jeff Bailey : 6/14/2006 1:04:36 PM

01:00 Market Watch found at this Link

Jane Fox : 6/14/2006 1:04:34 PM

Jeff sorry but I have not been following your posts concerning ICE, however, here is a daily chart and how I "read" it. This could be a good place for a long with a stop just below the double bottom but I see some huge resistance above like in the 200EMA, etc. Link

Jeff Bailey : 6/14/2006 1:01:17 PM

I'm buying one (1) of the ICE SEP $60 Calls (ICE-IL) at the current offer of $2.55. This is SPECULATIVE long at this point.

Jeff Bailey : 6/14/2006 12:57:25 PM

Jane ... feel free to answer. See if I'm on the right track.

Jeff Bailey : 6/14/2006 12:56:36 PM

ICE ... OK, now PRETEND that YOU are one of the original underwriters of this deal.

Now pretend the phone rings from one of your MAJOR clients that is "locked-up"

What have YOU done to protect gains above $70?

Whare is YOUR firm going to do to make him/her happy once lock-up is lifted on, say, 200,000 of his/her restricted shares he/she wants to sell?

Jeff Bailey : 6/14/2006 12:48:59 PM

ICE ... OK, your mind is turning. What is Jeff thinking of here?

Is there a trade at hand?

Jeff Bailey : 6/14/2006 12:44:28 PM

ICE ... technical analysis with some supply/demand thoughts at this Link ... BLUE retracement simply identifies a "range" based on what the market "knew."

Jeff Bailey : 6/14/2006 12:28:23 PM

ICE so ... on May 15, stock closed $76.41.

Good benchmark to latest NASDAQ short interest report Link

How many shares do YOU think have been shorted since then? Half the lock-up? 3/4? All of it?

What would YOU have done if you were an original IPO holder, waiting for lock-up to be lifted?

Jeff Bailey : 6/14/2006 12:23:18 PM

ICE $45.52 -1.04% Link ... traders/investors shouldn't read too much of my "fundamental thoughts" into this one.

Just be aware that the company has been extending post-IPO lock-up. With an "aversion to risk" and what has been taking place in the commodity markets lately, buyers have been cautious on new shares coming to market.

May 15 press release at this Link

Jane Fox : 6/14/2006 12:18:11 PM

But not so strong that I would be a buyer because the AD line is still only +361. I might be convinced to be a buyer if the VIX makes a new daily low however.

Jane Fox : 6/14/2006 12:16:59 PM

Buyers getting stronger now. TICK +800.

Jeff Bailey : 6/14/2006 12:10:08 PM

If we get 1/2 of what has taken place in many commodity markets recently, we'll be very, very happy. I would think the "retail" trader that got caught on margin, or simply caught, closes their commodity accounts.

My fundamental scenario anyway.

Jeff Bailey : 6/14/2006 12:06:26 PM

Chicago Merc (CME) $440.04 -0.24% ... set to challenge yesterday's lows.

Jane Fox : 6/14/2006 12:01:01 PM

TICKS +800

Jeff Bailey : 6/14/2006 12:00:41 PM

Sell Program Premium ... SPX 1,226.58 : YM 10,850

Jane Fox : 6/14/2006 11:59:43 AM

(Bloomberg) -- Treasuries suffered the biggest decline in six weeks, sending yields on two-year notes to the highest in more than five years, as May consumer prices increased more than forecast.

Yields on two-year notes climbed to 5.08 percent and interest-rate futures were pricing in a 100 percent chance the Federal Reserve will increase borrowing rates to 5.25 percent when policy makers meet on June 28 and 29. Traders put the odds of another rate increase at the Fed's August meeting at 49 percent, compared with 21 percent yesterday.

"The market's beginning to look beyond June for further policy action" from the Fed, said Christopher Sullivan, who oversees $1.2 billion as chief investment officer at United Nations Federal Credit Union in New York. "The question is whether the Fed's forecast of slower growth is going to restrain inflation going forward."

Jeff Bailey : 6/14/2006 11:59:07 AM

Amerco (UHAL) $89.99 +7.95% Link ...

Jane Fox : 6/14/2006 11:55:31 AM

Internals are a mess and not telling me anything. SO I stand aside and wait.

Jeff Bailey : 6/14/2006 11:47:06 AM

Southwestern Energy (SWN) $28.08 +13.22% Link ... Boosting production Link

Jeff Bailey : 6/14/2006 11:45:29 AM

Casey's General Stores (CASY) $24.06 +15.72% Link ... Posted higher Q4 profit late yesterday Link

Jeff Bailey : 6/14/2006 11:43:42 AM

Qiao Xing Univ. Telephone (XING) $8.53 +18.30% Link ... Sees higher 2005 basic earnings Link

Jeff Bailey : 6/14/2006 11:41:28 AM

Teleflex (TFX) $54.19 -6.63% Link ... Lowers guidance

bizjournals.com story Link

Jeff Bailey : 6/14/2006 11:38:05 AM

Basin Water (BWTR) $10.50 -12.5% Link ... Name doesn't ring a bell with me, but its well may have run dry.

Seeing this EDGAR Online filing Link

Jeff Bailey : 6/14/2006 11:32:06 AM

GOLDMAN GROUP IN DEAL FOR AB PORTS

DJ- Consortium led by Goldman Sachs agrees to pay $4.6 billion for the port operator. Deal would be the first significant successful U.K. bid by the firm since Paulson warned London-based bankers against pursuing hostile takeovers that might threaten relationships.

Jeff Bailey : 6/14/2006 11:31:16 AM

11:30:52 post may be what is impacting banks today.

Jeff Bailey : 6/14/2006 11:30:52 AM

WHITE HOUSE THREATENS TO REIN IN FANNIE, FREDDIE

DJ- Seeking to ratchet up pressure on Fannie Mae and Freddie Mac and propel stalled legislation, the Bush administration threatens to tighten control over the mortgage giants on its own and ponders using its authority to limit their growth.

Jeff Bailey : 6/14/2006 11:29:11 AM

STOCK TRADERS HAVE MIXED MAY

DJ- Schwab, which is cutting fees again, says average daily trades rise 3% from a month earlier, the same increase Knight Capital reports. E*Trade says total daily average revenue drop 3%. Schwab and Knight gain 1%; E*Trade down 4%.

Tab Gilles : 6/14/2006 11:27:42 AM

Jeff, glad you pointed out the EWJ! Link Link

Jeff Bailey : 6/14/2006 11:27:08 AM

ETHANOL MAKER VERASUN UP IN IPO

DJ- The first ethanol producer to go public this year receives a powerful boost from investors, with VeraSun Energy quickly delivering double-digit percentage gains. Shares climb 28% from IPO price.

VeraSun Energy (VSE) $29.91 +30%

Jeff Bailey : 6/14/2006 11:25:01 AM

EADS SHARES PLUMMET ON A380 DELAY

DJ- EADS shares plummet over 30% as management and strategy are placed in the spotlight after the company says delays in the delivery of its Airbus A380 super-jumbo jets will shave profit through 2010.

Jeff Bailey : 6/14/2006 11:23:53 AM

SINGAPORE AIR TO BUY BOEING 787S

DJ- Carrier orders up to 40 of Boeing's next-generation aircraft with a sticker price of $9 billion. Earlier, Goldman boosts its rating on Boeing shares to in line, citing an increased outlook for aircraft deliveries.

Boeing (BA) $81.00 +5.22% Link

Jeff Bailey : 6/14/2006 11:19:51 AM

iShares Japan (EWJ) $12.46 +1.38% ... BIIIIG volume spike of 2.53 million 5-minutes ago from $12.44-$12.46.

Jane Fox : 6/14/2006 11:17:59 AM

AD volume to new daily highs again. Don't try shorting this.

Jeff Bailey : 6/14/2006 11:15:40 AM

11:00 Internals found at this Link

Tab Gilles : 6/14/2006 11:08:57 AM

Markets Oversold Look at several indicators...

Bullish % Link

New High/ New Low Link Link

$CPCE Link

$NASI, $NYA Link Link

$VIX, $VXN Link Link

Jane Fox : 6/14/2006 11:06:30 AM

AD line slips below 0 to -50.

Jane Fox : 6/14/2006 11:05:37 AM

I suspect we will find support at previous day lows.

Jane Fox : 6/14/2006 11:05:01 AM

I will need the TRIN to make a new daily high before I get short. Just keep waiting.

Jane Fox : 6/14/2006 11:02:46 AM

Until these two resolve themselves I will be on the sidelines. Link

Jeff Bailey : 6/14/2006 11:01:59 AM

11:00 Market Watch found at this Link

Jane Fox : 6/14/2006 10:59:15 AM

AD line is testing daily lows.

Jeff Bailey : 6/14/2006 10:54:02 AM

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

Jane Fox : 6/14/2006 10:49:56 AM

AD volume to new daily highs but the AD line is still only a mere +342.

Jane Fox : 6/14/2006 10:46:00 AM

When the buyers come back into the market you will see it in the AD line. Wait for a new daily high before you try a long position. Right now you should be FLAT! (not a thing a woman likes to say)

Jeff Bailey : 6/14/2006 10:45:03 AM

TRIN 0.46 ...

Jane Fox : 6/14/2006 10:43:18 AM

The TRIN at 0.42 is telling me there is a bid under this market but the sellers will just not let up. The two internals to watch today are the AD line and TRIN because they are in direct conflict which is pretty odd once you understand how the TRIN is calculated.

Jeff Bailey : 6/14/2006 10:41:36 AM

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

Jane Fox : 6/14/2006 10:36:19 AM

I just got an email from Linda and apparently Qcharts is way behind again. So if you use Qcharts beware!

Jane Fox : 6/14/2006 10:34:16 AM

I think the bulls should start to worry here but keep your eye on the TRIN because it is still quite bullish as is the AD volume. Quite the conundrum!

Jeff Bailey : 6/14/2006 10:31:27 AM

Dollar Index (dx00y) 85.92 -0.59% ...

Jeff Bailey : 6/14/2006 10:30:47 AM

10-year YIELD ($TNX.X) up 7.0 bp at 5.031% ...

Jane Fox : 6/14/2006 10:30:04 AM

Here is a couple of regression channels I drew last night on the VIX and the S&P futures. See how the VIX as broken the lower channel - that is bullish but ES did not break its upper channel. Another reason to wait. Link

Jeff Bailey : 6/14/2006 10:29:35 AM

DJ- Columbia Stocks Open up 6.14% After Losing 18% in 2 Days

Jane Fox : 6/14/2006 10:27:15 AM

IF the AD line were above +1000 this would be bullish but it is not so we wait. Link

Jane Fox : 6/14/2006 10:25:03 AM

Bonds continue to fall and make new daily lows and of course you know what this does to the yield.

Jane Fox : 6/14/2006 10:23:48 AM

VIX to new daily lows and AD volume climbing. The markets "should" be taking off but they are not. So where does that leave us? I would not be short with the internals this bullish (except for the AD line) and I would not be long because of the AD line. No position is a position.

Jeff Bailey : 6/14/2006 10:22:37 AM

Current OPEN MM Profiles found at this Link

Jane Fox : 6/14/2006 10:20:08 AM

Bulls are holding their breath and waiting to exhale.

Jane Fox : 6/14/2006 10:17:21 AM

If the AD line is above +1000 or below -1000 I don't need it to be making new daily highs or lows to confirm the volume. But when it is between those two levels I do. The AD line is NOT confirming the climbing volume with new daily highs.

Jane Fox : 6/14/2006 10:15:14 AM

You know I really don't like the way the markets are acting.

Jane Fox : 6/14/2006 10:13:14 AM

By the way my news source is not working today so I will not be posting much in the way of news. Hopefully it will start working soon.

Jane Fox : 6/14/2006 10:12:00 AM

Markets are laboring are they???

Jane Fox : 6/14/2006 9:48:33 AM

On the other hand a TRIN at 0.52 is quite bullish.

Jane Fox : 6/14/2006 9:47:09 AM

I wouldn't be getting all that bullish yet. THe AD line is a meek +209 and that is not bullish.

Jane Fox : 6/14/2006 9:42:49 AM

TRIN below its previous day low is quite bullish but VIX is within its PDR so neutral.

Jane Fox : 6/14/2006 9:41:54 AM

AD line is +298 and AD volume above 0 so the market is neutral.

Jane Fox : 6/14/2006 9:05:26 AM

Bonds are breaking to new daily lows here putting upward pressure on the yeild.

Jane Fox : 6/14/2006 9:00:47 AM

Dateline WSJ U.S. core consumer prices climbed for a third-straight month in May, suggesting that higher energy prices are seeping into underlying inflation and likely sealing another rate increase from the Federal Reserve. Consumer prices increased by 0.4% in May, after climbing 0.6% in April. The core CPI, which excludes food and energy, grew 0.3%.

Jane Fox : 6/14/2006 8:39:25 AM

Markets really didn't like the CPI data. They all broke previous day lows on the news. Link

Jane Fox : 6/14/2006 8:35:46 AM

My usual news source is not working today.

Jane Fox : 6/14/2006 8:34:50 AM

Dateline WSJ Consumer prices increased by 0.4% in May, after climbing 0.6% in April. The core CPI, which excludes food and energy, grew 0.3%

Jeff Bailey : 6/14/2006 3:39:30 AM

Japan Bullish % (BPTO) found at this Link

Jeff Bailey : 6/14/2006 3:27:36 AM

Nikkei-225 ($NIKK) closes up 90.96 points, or +0.64% at 14,309.56 Link ... Session Low/High was 14,045.53/14,458.82

Will chart O to 14,050.

Market Monitor Archives