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OI Technical Staff : 6/23/2006 9:59:59 PM

The Market Monitor has been archived. You may view it and any previous days here: Link

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Jeff Bailey : 6/23/2006 7:54:44 PM

And we're all up in arms over 25bp hike?

Have a great weekend!

Jeff Bailey : 6/23/2006 7:54:40 PM

Turkey's Central Bank Ready To Intervene In FOREX

DJ- Turkey's central bank governor attempted to restore confidence in the central bank's strategy Friday by insisting the bank was ready to intervene in foreign exchange markets as needed to support the local currency.

Governor Durmus Yilmaz told investors in London that the central bank would miss its year-end inflation targets of 5%, but that he expects it will fall in line with next year's target of 4%.

As central bank policy makers prepare for a second extraordinary policy meeting this month on Sunday, speculation is mounting that the bank will have to enact a radical interest rate hike to prevent further losses in the lira. The central bank governor said Friday that he expects policy rates to resume a decline in the middle of next year.

Turkish interest rates have been on an aggressive downward path since the country's financial crisis in 2001. The central bank raised interest for the first time in five years, by 175 basis points in an emergency meeting June 7.

Asked about the impact on inflation of recent lira weakness, the governor said "the direct effect of depreciation will be heavy in June," but added it would slow in July and inflation would begin to track lower in August. May's inflation rate was 9.86%, nearly double the central bank's year-end target.

Jeff Bailey : 6/23/2006 7:40:01 PM

YM Pivot Matrix for Monday and next week found at this Link ... Would note repetitive 11,199, but we start the week out "bearish" below DAILY/WEEKLY Pivots.

We've traded MONTHLY S1 and 10,984 found again at DAILY S2.

I might also ask traders to review the YM recap chart (07:13:48 PM) and note that neither upward/downward trends that have been broken against, have yet to be retested.

Jeff Bailey : 6/23/2006 7:13:48 PM

YM recap 10-minute interval chart found at this Link ... probably should have marked a support zone at 11,050-11,060 and resistance zone 11,152-11,164.

Taking some notes 11,050 and 11,150

Jeff Bailey : 6/23/2006 7:00:27 PM

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

Today's Activity

Stocks/Options

Swing trade sold one (1) covered BOOM July $35 Call (QCB-GG) at the bid of $1.10 on the previously profiled 1/2 position for Dynamic Materials (BOOM).

Swing trade closed/sold long 63 shares of Dynamic Materials (BOOM) at the bid of $32.50 ($+1.83/share, or +5.97%)

Swing trade sold naked two (2) of the Chesapeake Energy CHK July $30 Puts (CHK-SF) at the bid of $0.80. Stop currently $28.35 in the underlying shares.

Stock/Options Trade Blotter Month-to-Date found at this Link ... Since I did not specify a specific number of long shares I'm recording 200 shares sold for a 1,000=Full position no-risk-management trader, where 3 covered calls would have been written against the underlying position.

YM Futures

Day traded short the YM at 11,072 (Stop= 11,095 : Tgt= 11,020), but was eventually stopped at 11,080 (-8 pts, or $-40/contract)

YM Trade Blotter month-to-date at this Link

Correction to YM Blotter: The YM bear trade with In Date 6/12/06 and Stop Out date of 06/07/06, should be Stop Out date of 06/12/06.

Tab Gilles : 6/23/2006 6:02:37 PM

Murphy Oil (MUR)/ Light Crude ($WTIC) Link

Jeff Bailey : 6/23/2006 5:57:12 PM

Excellent fundamental analysis .... CNBC discussion regarding "paying too much" for KMG and WGR.

Maybe I should say that I agree that Anadarko paid way too much (especially cash) for KMG and WGR.

I wonder if Lee Raymond Link thinks the same?

Jeff Bailey : 6/23/2006 5:42:46 PM

Closing U.S. Market Watch found at this Link

Jeff Bailey : 6/23/2006 5:32:51 PM

Closing Internals found at this Link

NH/NL Table for NYSE, NASDAQ and S&P 500 at this Link

Jeff Bailey : 6/23/2006 5:06:47 PM

Abbott Laboratories (ABT) $41.95 -0.21% Link ... quiet in extended. See 1,076,300 shares blocked at $41.95 at the close.

Jeff Bailey : 6/23/2006 5:05:07 PM

Federal Reserve's Assets/Liabilities of U.S. Commercial Banks Link

Jeff Bailey : 6/23/2006 5:05:04 PM

Large Bank Business Loans Down $1.1 Billion in Latest Week

DJ- Large U.S. banks' commercial and industrial loans fell $1.1 billion to about $1.126 trillion in the week ended June 14, the latest week for which data are available, the Federal Reserve said Friday.

That followed an $8.7 billion increase the previous week.

Jumbo certificates of deposit fell $1.9 billion to about $1.595 trillion in the latest weekly data, after growing $8.4 billion the previous week. Revolving home equity loans fell $400 million to $4298.5 billion after growing $200 million the previous week.

Jeff Bailey : 6/23/2006 5:04:59 PM

Johnson & Johnson (JNJ) $61.32 +0.22% Link ... ticks higher to $61.70 in extended after FDA approves company's new HIV drug.

DJ- The Food and Drug Administration approved a new drug by a unit of Johnson & Johnson (JNJ) to treat HIV in patients who have become resistant to other drugs, the agency said Friday.

The drug, which would be sold under the brand name Prezista, is a protease inhibitor aimed at blocking HIV replication. It would be used in combination with Abbott Laboratories' (ABT) Norvir.

Prezista was developed by Tibotec Pharmaceuticals and its then-spinoff Virco. The companies were acquired by Johnson & Johnson in 2002.

The approval gives J&J its first HIV drug, which affects about 1 million Americans and more than 40 million people world-wide. HIV is a virus that is most often spread through sexual contact.

Jeff Bailey : 6/23/2006 4:14:02 PM

YM 11,068 ... after a kiss of DAILY S1.

Jane Fox : 6/23/2006 4:04:00 PM

Have a great weekend everyone and C U all on Monday. We are going mountain biking for the first time.

Jane Fox : 6/23/2006 4:02:56 PM

Monday's Econ Reports include:

10a.m. May New Home Sales. Previous: +4.9%.

Jeff Bailey : 6/23/2006 3:59:19 PM

Dynamic Materials (BOOM) alert $32.53 +1.84% ... after trade at $32.43

Jeff Bailey : 6/23/2006 3:31:18 PM

Boeing (BA) $83.48 -0.68% ...

Jeff Bailey : 6/23/2006 3:27:14 PM

Valero (VLO) $62.07 +2.30% Link ...

Jeff Bailey : 6/23/2006 3:26:55 PM

Sunoco (SUN) $62.60 -0.72% Link ... gets defensive

Jeff Bailey : 6/23/2006 3:21:07 PM

SPX's NH/NL 4:16

Jeff Bailey : 6/23/2006 3:17:56 PM

Bullish swing trade exit 63 shares of BOOM at the bid of $32.50.

Jeff Bailey : 6/23/2006 3:16:52 PM

BOOM $32.50 x $32.52 ....

Jeff Bailey : 6/23/2006 3:14:52 PM

YM (alert) 11,073

Jeff Bailey : 6/23/2006 3:14:14 PM

03:00 Internals found at this Link

Jeff Bailey : 6/23/2006 3:12:50 PM

IBM (alert) $77.00 -0.25% ...

Jane Fox : 6/23/2006 3:06:23 PM

AUGUST CRUDE CLOSES AT $70.87/BRL, UP 3 CENTS FOR THE DAY

AUGUST CRUDE SCORES A 1% GAIN FOR THE WEEK

JULY NATURAL GAS FALLS 21.3 CENTS TO CLOSE AT $6.226/MLN BTU

JULY NATURAL GAS DOWN 13.3% FROM THE WEEK-AGO CLOSING LEVEL

Jeff Bailey : 6/23/2006 3:02:59 PM

03:00 Market Watch found at this Link

Jeff Bailey : 6/23/2006 2:57:21 PM

YM a little "soft" at DAILY S1, but "firm" at DAILY R1.

Jeff Bailey : 6/23/2006 2:56:46 PM

Not overly inspired with a YM 11,090 long at this point.

Jeff Bailey : 6/23/2006 2:46:39 PM

Yesteray - WMD Found in Iraq FOX Link ... This has gotten little coverage from the "liberal press."

Jeff Bailey : 6/23/2006 2:34:18 PM

Lawmaker Drops "Porn" Lawsuit Against Google

GOOG $407.51 +1.89% Link

FOX Story Link

Jeff Bailey : 6/23/2006 2:10:12 PM

Swing trade raise bullish stop alert on the 63 shares of Dynamic Materials (BOOM) $32.53 +1.84% to $32.49.

Jeff Bailey : 6/23/2006 2:05:52 PM

SOX.X 447.88 -0.29% ... slips back under WEEKLY Pivot

Jane Fox : 6/23/2006 1:48:32 PM

FITCH: KERR-MCGEE UPGRADE DUE TO ANADARKO ACQUISITION DEAL

FITCH MAY UPGRADE WESTERN GAS ON ANADARKO DEAL

Jeff Bailey : 6/23/2006 1:48:25 PM

Intercontinental Exchange (ICE) $55.24 +4.20% ... gets a trade at WEEKLY R2. Reports earnings next week (Wednesday, July 26). Quiet period right now, but might get some insight into delayed lock-up next week.

Jeff Bailey : 6/23/2006 1:38:20 PM

SPX NH/NL at 01:00 PM EDT was 4:15

Yesterday's tally was 3:8

Jeff Bailey : 6/23/2006 1:32:38 PM

YM 11,133 ... did kiss its DAILY R1.

Tab Gilles : 6/23/2006 1:32:17 PM

Jane... You noticed those settings :)

Yes I've been using shorter time periods for many years now. Seem to work better for me. I still look the standard for confiramtion. As example... Link

MUR Link

Jeff Bailey : 6/23/2006 1:30:18 PM

Good time and bad times ... "I'll be there...."

Jeff Bailey : 6/23/2006 1:28:58 PM

It could be Jane. For those traders long my GLD play, stop and target clearly laid out and I'll follow this trade to the end (stop or target).

Jeff Bailey : 6/23/2006 1:25:53 PM

Standard & Poors' recent fundamental outlook on MUR (06/20/06) at this Link

Jane Fox : 6/23/2006 1:19:29 PM

Jeff I wonder if the Gold bug index ($HUI.X) is just building another bear flag just like the Gold futures are doing? A close above the gold 50ema would negate the bear flag. Link

Jeff Bailey : 6/23/2006 1:15:54 PM

StreetTracks Gold (GLD) $58.24 +0.86% ... up $0.52.

Jeff Bailey : 6/23/2006 1:15:09 PM

Amex Gold Bugs ($HUI.X) alert 312.30 +1.88% ... breaks to highs of the week.

Will the commodity follow?

Tab Gilles : 6/23/2006 1:14:43 PM

Murphy Oil (MUR) in my opinion has become more attractive as a domestic integrated O&G based on limited litigation with the Mereaux/Hurricane damages; the company hascontinued to increase and improve exploration. Recently announcing a discovery at its Thunder Bird deepwater Gulf prospect. 2007 eps estimates call for $4.80, 2008 $5.40. It's 3 year average multiple has been 14 times. That gives a 1 to 2 year Price Objective range of $67 to $75.

Jeff Bailey : 6/23/2006 1:13:32 PM

01:00 Internals found at this Link

Jane Fox : 6/23/2006 1:09:46 PM

May I chime in on MUR Tab?

I see that MUR has popped above all the resistance from the MAs and the only thing that could hold it back now is the swing high at 55.25. MACD (I like Tab's settings :)) also has made a bullish cross. I would have liked this stock better if the MACD made that cross above the 0 line or MACD showed a bullish divergence. Link

Jeff Bailey : 6/23/2006 1:05:33 PM

They could be Tab! Analysts have been bringing their numbers down and it might make sense for MUR to sell to a stronger partner.

Tab Gilles : 6/23/2006 1:03:06 PM

Nice pop in Murphy Oil (MUR) Up on Anadarko/Kerr news. Is Murphy a possible buyout canidate? Link Link

Jeff Bailey : 6/23/2006 1:02:59 PM

01:00 Market Watch found at this Link

Tab Gilles : 6/23/2006 1:00:20 PM

Follow-up to 6/22/06 1:20AM Link

Tab Gilles : 6/23/2006 12:57:49 PM

Follow-up to 6/22/06 1:05AM post

Link Link Link

Jeff Bailey : 6/23/2006 12:54:39 PM

Dow Diamonds (DIA) $110.59 +0.35% ... challenging important resistance one again. High close/low close from 5/10-6/13 has 38.2% retracement right here at $110.63. On Wednesday, DIA did hold a close above this level. A close above today could be the confirmation of strength and thought of a bottom on 06/13.

Jeff Bailey : 6/23/2006 12:49:48 PM

Treasury Secretary Snow: Financial Transaction Tracking Not Privacy Invasion

AP- Treasury Secretary John Snow on Friday said a program tracking millions of financial transactions was not an invasion of privacy of Americans but "government at its best" and vital to the war on terrorism.

Snow told a news conference the program, run by the CIA and overseen by the Treasury Department, was "responsible government, it's effective government, it's government that works."

"It's entirely consistent with democratic values, with our best legal traditions," Snow said.

The once-secret program, which has been going on since shortly after the Sept. 11, 2001, terror attacks, has drawn protests from Democrats in Congress, who said it raises concerns about intrusions on privacy and who saw it as the latest step in an aggressive Bush administration expansion of executive-branch powers.

Jeff Bailey : 6/23/2006 12:47:39 PM

Canada Reports Money Supply Data for May; M1 Up 1.9%

DJ- The Bank of Canada reported a rise in Canada's main monetary aggregates in May from April.

The seasonally adjusted May figures, as reported in the central bank's weekly financial data included:

-M1 C$197.313 billion (about US$176 billion), up from C$193.682 billion in April and up from C$176.392 billion a year earlier;

-M2 C$689.878 billion, up from C$685.039 billion in April and up from C$650.296 billion a year earlier;

-M3 C$998.929 billion, up from C$988.120 billion in April and up from C$938.011 billion a year earlier.

M1 is an indicator of near-term changes in real output. M2 is an indicator of inflation.

Jeff Bailey : 6/23/2006 12:45:51 PM

We sold some premiums this morning in the MM Profiles didn't we?

Jeff Bailey : 6/23/2006 12:43:53 PM

VIX 15.13 -4.72% ... right at Wednesday's lows and has slipped below DAILY S1.

Jane Fox : 6/23/2006 12:38:08 PM

McMillan's weekly commentary.

This market has reverted to its old ways, in one respect: there isn't a whole lot of follow-through from one day to the next. That was its trademark for most of the early part of this year. However, there is one major difference between now and then: volatility. Now, the market is bouncing around with abandon; 10 point moves in $SPX are becoming commonplace. Previously, though, the moves were small and dull. In any case, this back-and-forth action has given hope to both bulls and bears. But the trend is with the bears, and so in our opinion they have the upper hand until proven otherwise.

This week's action is a case in point. $SPX rallied strongly on Wednesday, only to fail once again near the 1260 area. That is the same area that constrained last week's rally, and also is the same general area that previously had been support for the lows in both February and May. Once support like that is broken, it then becomes resistance, which is what it is now. Furthermore, the decline today solidifies 1260 as resistance once again. So, no matter what the other indicators are saying, it's difficult to be bullish unless $SPX can clearly close above 1260.

The equity-only put-call ratios are toying with buy signals. Actually, the standard ratio has confirmed a buy signal (as of two days ago). The weighted ratio appeared that it would do the same, but then it spurted to new highs, and so it remains on a sell signal -- still trying to find that rollover point that would be considered a buy signal. These are generally strong intermediate-term indicators, but they can't do the job alone. They need some confirmation from other indicators.

Market breadth (advances minus declines) has been rather poor all year long, and the recent selling drove breadth deeply into oversold territory. It is still in that state.

Finally, volatility indices ($VIX and $VXO) have taken a terrible beating. Both had fallen about 40% from their peaks through Wednesday's close. That sort of decline is a short-term buy signal, although the market hasn't really been able to do much with it, except for a scattering of one-day rallies. In a more negative light, the trend of these volatility indices is clearly higher (using a 20- or 50-day moving average, say), and that is negative for the broad market from a longer- term perspective.

In summary, the massive oversold conditions that we saw in the last two weeks resulted only in classic sharp, but short-lived rallies that have stalled out near the 1260 area on $SPX. That is heavy resistance, and the major trend is still down (as evidenced by the fact that none of the rallies has been able to penetrate through the declining 20-day moving average of $SPX). However, if $SPX were to clearly close above 1260, and if the technical indicators moved to buy signals (which they probably would: breadth is near buy signals and the weighted put-call ratio could join in on a rally), then we'd expect to see a short-term rally to perhaps the 1290 area or so. However, unless things got a lot more bullish on that rally, we'd still expect to see the bearish trend reassert itself later.

Jeff Bailey : 6/23/2006 12:37:09 PM

IBM $77.79 +0.77% ... building afternoon gains. WEEKLY Pivot just ahead at $77.82

Jeff Bailey : 6/23/2006 12:36:18 PM

Boeing (BA) $84.08 +0.02% ... edges green

YM 11,134

Jeff Bailey : 6/23/2006 12:34:14 PM

BOOM $32.78 +2.62% ... slapped a "5-Mrt" on BOOM. Sitting right at Blue #2. Blue #3 marks the session high. Blue #1 overlaps WEEKLY R1.

Jeff Bailey : 6/23/2006 12:30:54 PM

BOOM exit partial setup alert $32.81 +2.72% ... if we get a "blow off" move higher to WEEKLY R2 $33.48 toward the close, lets look to exit on that 63 shares we didn't write the covered call against.

Jeff Bailey : 6/23/2006 12:28:37 PM

Buy Program Premium SPY $125.19 : YM 11,140

Jeff Bailey : 6/23/2006 12:27:30 PM

YM short squeeze alert ... 11,124

Jeff Bailey : 6/23/2006 12:26:58 PM

Might have to look long again on YM pull back to 11,080.

Jeff Bailey : 6/23/2006 12:25:09 PM

Ah oh .... YM 11,115

Jeff Bailey : 6/23/2006 12:23:06 PM

Boeing (BA) $83.64 -0.49% ... off session lows of $83.16. Right were we shorted on 06/15.

Jeff Bailey : 6/23/2006 12:18:30 PM

IBM $77.52 +0.42% ... challenges morning/session highs here.

Jeff Bailey : 6/23/2006 12:17:00 PM

YM alert 11,095

Jeff Bailey : 6/23/2006 12:15:37 PM

CBOT Holdings (BOT) $111.46 +0.17% ... comes to highs of the session.

Jeff Bailey : 6/23/2006 12:11:06 PM

YM 11,091

Jeff Bailey : 6/23/2006 12:08:34 PM

YM 11,081 ... has bid back to 50% dynamic and my "zone of neutrality"

Jeff Bailey : 6/23/2006 12:05:05 PM

YM short stopped alert 11,080

Jeff Bailey : 6/23/2006 12:00:13 PM

YM short lower stop alert ... to 11,080.

YM 11,071

Jeff Bailey : 6/23/2006 11:54:16 AM

Little reverse h/s too I see. Again... break below 11,060 could bring the next wave lower.

Jeff Bailey : 6/23/2006 11:53:32 AM

YM 11,076 ... 5-minute interval chart with added "dynamic" retracement at this Link

Jeff Bailey : 6/23/2006 11:49:25 AM

YM 11,068 ... slap a dynamic on your chart. Note overlap with DAILY S1. Bears want to see that broken with some volume, momentum to pick up on test of the low, then spill to bear target.

Jeff Bailey : 6/23/2006 11:45:48 AM

Dow Transports (TRAN) 4,772.21 +0.72% Link ...

Jeff Bailey : 6/23/2006 11:44:34 AM

White House: Transportation Secy Mineta To Step Down

Jeff Bailey : 6/23/2006 11:34:48 AM

YM 5-minute interval chart at this Link

Jeff Bailey : 6/23/2006 11:30:41 AM

YM short entry alert 11,072

Jeff Bailey : 6/23/2006 11:30:02 AM

YM short setup alert let's look to go short at 11,072, stop 11,095, target 11,020

YM 11,077.

Jane Fox : 6/23/2006 11:28:46 AM

MINETA RESIGNATION EFFECTIVE JULY 7

Jane Fox : 6/23/2006 11:28:32 AM

TRANSPORTATION SEC. MINETA RESIGNING, SAYS WHITE HOUSE

Jeff Bailey : 6/23/2006 11:20:23 AM

Arkansas Best (ABFS) $46.48 +1.28% Link ... Notable new 52-weeker at the NASDAQ.

Stock did trade all-time high at $46.69 earlier this morning. Prior all-time high was found on 12/28/04.

Jeff Bailey : 6/23/2006 11:16:02 AM

11:00 Internals found at this Link

Thursday's Internals found at this Link

Jane Fox : 6/23/2006 11:11:12 AM

BILOXI, Miss., June 22, 2006 /PRNewswire-FirstCall via COMTEX/ -- Isle of Capri Casinos, Inc. (Nasdaq: ISLE) today reported financial results for the fourth quarter and fiscal year ended April 30, 2006. For the fourth quarter, the Company reported a 19.3% increase in net revenues to $306.5 million compared to net revenues of $257.0 million for the same quarter in fiscal 2005. Net income for the fourth quarter of fiscal 2006 increased 338% to $15.1 million or $0.48 per diluted common share, compared to $3.5 million or $0.11 per diluted common share for the fourth quarter of fiscal 2005 Link

Jane Fox : 6/23/2006 11:08:08 AM

Slightly higher fed funds projected by futures market

Jane Fox : 6/23/2006 11:07:50 AM

NYSE MOST ACTIVE STOCKS: KMG WGR S APC F

Jane Fox : 6/23/2006 11:07:28 AM

NASDAQ MOST ACTIVE STOCKS: ORCL QCOM SIRI NBIX INTC

Jane Fox : 6/23/2006 11:05:12 AM

ST. LOUIS, Jun 23, 2006 (BUSINESS WIRE) -- Build-A-Bear Workshop, Inc. (NYSE:BBW), an interactive, entertainment retailer of customized stuffed animals, announced that it now expects its fully diluted earnings per share for fiscal 2006 (52 weeks ended December 30, 2006) to be at the low end of its previously disclosed guidance range of $1.44 to $1.53. North American sales during the second quarter have been lower than planned. Sales so far in the month of June, which accounts for the majority of sales in the quarter, have been below expectations.

The Company now believes fiscal 2006 North American comparable store sales will be in the flat to negative low single digit range.

Previous guidance assumed comparable store sales in the flat to low single digit growth range. The guidance continues to include U.K. acquisition dilution of approximately $0.13 per diluted share, stock based compensation expense of approximately $0.08 per diluted share and distribution center transition costs of approximately $0.04 per diluted share. Link

Jeff Bailey : 6/23/2006 11:02:41 AM

11:00 Market Watch found at this Link

Jeff Bailey : 6/23/2006 10:55:51 AM

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

Updated BOOM position for Covered Call trade.

Jane Fox : 6/23/2006 10:51:25 AM

LAS VEGAS, NV, Jun 22, 2006 (MARKET WIRE via COMTEX) -- Sunterra Corporation (NASDAQ: SNRR) today announced changes to its senior management team. On June 22, 2006, the Board of Directors of the Company directed that Nicholas J. Benson, the Company's President and Chief Executive Officer, take paid administrative leave, to which he agreed, pending the results of the previously disclosed investigation by the Audit and Compliance Committee of the Board into various allegations (including accounting improprieties) made by an individual formerly employed by the Company's Spanish operations and pending the determinations of the Board with respect thereto. Mr. Benson continues to serve as a director of the Company.

Jeff Bailey : 6/23/2006 10:39:45 AM

Cancel all BOOM stock orders and replace with ... Place a stop on 63 shares at $32.20.

Jeff Bailey : 6/23/2006 10:36:32 AM

Swing trade sell covered call alert Let's sell one (1) of the Dynamic Materials $32.96 +3.19% BOOM July $35 Calls (QCB-GG) at the bid of $1.10.

Jeff Bailey : 6/23/2006 10:23:04 AM

Swing trade sell naked put alert ... Let's sell two (2) of the Chesapeake Energy CHK July $30 Puts (CHK-SF) at the bid of $0.80.

CHK $30.42 +4.50%

Jane Fox : 6/23/2006 10:19:32 AM

Although the AD volume and line have improved a great deal, there are still bearish and are now falling.

Jeff Bailey : 6/23/2006 10:16:13 AM

Anadardo Sees $15B Proceeds From Equity Issue, Asset Sales

Looking At Assets From All 3 Companies For Sale

Started In-Person Deal Talks About 5 Weeks Ago

Jane Fox : 6/23/2006 10:14:37 AM

Or here. Link

Jane Fox : 6/23/2006 10:13:57 AM

No hint of the acquistion here. Link

Jane Fox : 6/23/2006 10:12:45 AM

Obviously SIX's troubles were evident some time ago. Link

Jeff Bailey : 6/23/2006 10:12:23 AM

Oh My! Western Gas Resources (WGR) $59.50 +45.39 Link ... just never know who is watching those bullish support trends.

APC evidently was.

Jane Fox : 6/23/2006 10:07:45 AM

Six Flags (SIX) was punished for a 19.3% decline (at 6.00) after the company warned it may not meet its prior guidance.

SIX said that given the company's performance to date, recent attendance trends, and an additional $15 million of cash operating expenses, reaching its prior adjusted EBITDA guidance will be extremely difficult. And although the second quarter is not complete, the company is at risk of not complying with certain financial covenants in its bank credit agreement. The company is in discussions with the agent bank and intends to seek amendments to those covenants.

SIX plummeted from the 7.25 level down to 6.40 on the heels of the company's warning that it may not reach its prior guidance. Sellers proceeded to pin the issue in a deep negative range of 6.33 to its low of 6.00 for much of its late after-hours action.

Jeff Bailey : 6/23/2006 10:07:02 AM

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

Jane Fox : 6/23/2006 10:06:22 AM

NYSE most actively trades stocks are: KMG, APC, WGR, GLD, DVN.

Jeff Bailey : 6/23/2006 10:03:19 AM

10:00 Market Watch found at this Link

Jeff Bailey : 6/23/2006 9:59:35 AM

Anadarko Sees $100M/Yr Cost Savings From Deals Starting 2007

Jane Fox : 6/23/2006 10:00:00 AM

WGR was the other stock that entered into the merger agreement with Anadarko Pet.

Jeff Bailey : 6/23/2006 9:57:07 AM

StreetTracks Gold (GLD) $57.63 -0.17% ... down $0.10.

Jeff Bailey : 6/23/2006 9:56:32 AM

Dollar Index (dx00y) 86.92 +0.61% (30-min delayed) ... mighty greenback pushes to best levels since 04/27/06.

Jane Fox : 6/23/2006 9:58:16 AM

WESTERN GAS RESOURCES (WGR) UP 45.8% AT $59.63.

Jeff Bailey : 6/23/2006 9:54:50 AM

Kinross Gold (KGC) $9.82 +0.71% Link ... Sotia ups target to $19 from $17.

Jeff Bailey : 6/23/2006 9:53:39 AM

Iamgold (IAG) $8.84 +0.45% Link ... Scotia ups target to $12.50 from $11.

Jeff Bailey : 6/23/2006 9:52:21 AM

Eldorado Gold (AMEX:EGO) $4.55 -0.43% Link ... Scotia ups target to $7.00 from $5.75.

Jeff Bailey : 6/23/2006 9:51:16 AM

Bema Gold (AMEX:BGO) $4.69 +0.42% Link ... Scotia upgrades target to $6.75 from $6.00.

Jeff Bailey : 6/23/2006 9:47:43 AM

Nat. Gas Index (XNG.X) 398.27 +3.18% ...

Oil Index (OIX.X) 579.37 +3.7% ... hot on mergers.

Jeff Bailey : 6/23/2006 9:45:21 AM

Qualcomm (QCOM) $39.27 -5.02% Link ... #1 most active at NASDAQ

Jeff Bailey : 6/23/2006 9:43:33 AM

Anadarko Pet. (APC) $46.15 -4.62% Link buying Kerr McGee (KMG) $68.47 +36.12 Link

Jeff Bailey : 6/23/2006 9:36:00 AM

Dynamic Materials (BOOM) $32.25 +0.97% ... probing WEEKLY R1 ($32.31). With broader market weakness, want to protect gain up in here.

Jeff Bailey : 6/23/2006 9:34:30 AM

Bullish swing trade long raise stop alert ... on Dynamic Materials (BOOM) $32.31 +1.15% ... to $31.70.

Jeff Bailey : 6/23/2006 9:31:29 AM

YM 10-minute interval chart at this Link

Jeff Bailey : 6/23/2006 9:22:51 AM

YM Pivot Matrix found at this Link

Jeff Bailey : 6/23/2006 9:16:23 AM

Index Pivot Matrix found at this Link

Jane Fox : 6/23/2006 8:45:49 AM

WASHINGTON (MarketWatch) - Led by a decline in orders for aircraft, orders for new U.S.-made durable goods fell 0.3% in May, the second decline in a row, the Commerce Department said Friday. Economists expected orders to fall about 0.2%. Orders for new aircraft plunged 17.9%. Excluding transportation goods, new orders rose 0.7%. New orders in April were revised lower to a 4.7% decline from 4.4% earlier. Despite the two declines, orders for durable goods are up 9.5% year-to-date. Led by transportation goods, shipments of durable goods increased 2.6%, the largest gain since December. Orders for core capital goods increased 1.0% in May.

Jane Fox : 6/23/2006 8:42:06 AM

DAteline WSJ Since shortly after the Sept. 11, 2001 terrorist attacks, the U.S. Treasury Department has been secretly tracking suspected terrorist financing through a far-reaching program that gives it access to records from the network that handles nearly all international financial transfers.

The information comes from a Belgian firm known by its acronym, Swift, which manages much of the world's financial-message traffic. Under the program, U.S. counter-terrorism analysts query Swift's vast database of billions of financial transactions for information on activity by suspected terrorists. The program operates under a series of broad U.S. subpoenas.

U.S. officials say the Terrorist Finance Tracking Program has been highly successful both in leading to the apprehension of terrorism suspects and in thwarting terrorist operations. People familiar with the program said, for example, that it yielded useful information on the bombings last July 7 in London. The program "has helped to disrupt terrorist cells and operations and has helped save lives," Treasury said in a statement to The Wall Street Journal.

Still, disclosure of its existence may be controversial in Europe and other parts of the world and within the global banking industry, which has long worried about the privacy of transactions. U.S. officials said few American citizens would have financial data that fall under the program, because they are unlikely to engage in international money transfers

Jane Fox : 6/23/2006 8:39:09 AM

DAteline WSJ Anadarko Petroleum Corp. said it has agreed to buy Kerr-McGee Corp. and Western Gas Resources Inc. in separate, all-cash deals totaling $21.1 billion, plus the assumption of $2.2 billion in debt.

Shares of Anadarko fell 9.1%, or $4.39, to $44 in pre-open trading Friday after the announcement. Kerr-McGee shares jumped 39%, or $19.55, to $69.85, while Western Gas shares rose 44%, or $18.09, to $59.

Anadarko will pay $16.4 billion, or $70.50 a share, for Oklahoma City-based Kerr-McGee, plus the assumption of about $1.6 billion in debt.

"We are creating a combined company with industry-leading positions in the deepwater Gulf of Mexico and the Rockies, two of the fastest-growing oil and natural gas producing regions in North America," said Jim Hackett, president and chief executive of Houston-based Anadarko.

"This compelling offer represents a 40% premium to yesterday's closing stock price and immediately recognizes the value of Kerr-McGee's strategy and assets for our shareholders," said Luke R. Corbett, Kerr-McGee's chairman and chief executive

Jane Fox : 6/23/2006 8:37:59 AM

Durable-goods orders fall 0.3% in May -

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