shorty Posted March 2, 2009 Report Share Posted March 2, 2009 T-bonds up a full pernt, buckoff in crude so at least there's some good news Link to comment Share on other sites More sharing options...
aussiebear Posted March 2, 2009 Author Report Share Posted March 2, 2009 Toyota Leads Drop as Japan Car Sales Hit 35-Year Low March 2 (Bloomberg) -- Toyota Motor Corp. and Honda Motor Co., Japan?s two biggest automakers, led a drop in the country?s monthly vehicle sales as falling wages and rising unemployment cut demand to the lowest level in 35 years. Sales of cars, trucks and buses, excluding minicars, fell 32 percent to 218,212 vehicles in February, the Japan Automobile Dealers Association said in a statement today. Toyota?s sales slipped 32 percent, Honda?s slumped 21 percent and Nissan Motor Co., the country?s No. 3 automaker, sold 35 percent fewer vehicles. Link to comment Share on other sites More sharing options...
aussiebear Posted March 2, 2009 Author Report Share Posted March 2, 2009 U.K. Non-Conforming Loan Repossessions Rose a Quarter, S&P Says March 2 (Bloomberg) -- Repossessions on U.K. mortgages that don?t meet standard lending criteria rose by a quarter in the last three months of 2008, while delinquencies increased by a fifth, according to Standard & Poor?s. Foreclosures on so-called non-conforming mortgages included in 35 billion pounds ($50 billion) of bonds rated by S&P climbed to 3.47 percent in the fourth quarter, from 2.77 percent in the previous three-month period, S&P said in a report published today. The percentage of home loans in arrears for more than 90 days climbed to 12.46 percent, from 10.3 percent, the New York- based ratings company said. U.K. credit-card arrears increased 9 percent to a record 6.44 percent in the final three months of last year, S&P said in a separate report. The data are based on 30.4 billion pounds of credit card-backed bonds that S&P rates. Link to comment Share on other sites More sharing options...
Rationalize Posted March 2, 2009 Report Share Posted March 2, 2009 Hmm .. I seem to have the "sweaty palms" with the current micro chort pounder trade [1 contract]. Chort @ 1.4207 .. with tight Stop LMT @ 1.4203 / 05. Will exit @ 1.4179, just above 2nd last trough, if she works out .. EDIT: Stopped out @ 1.4203 & filled. Nano profit on micro trade. Gave $7 of $25 to the borker .. Got change? Link to comment Share on other sites More sharing options...
Charmin Posted March 2, 2009 Report Share Posted March 2, 2009 That would be a huge gap which, if not filled within relatively short order, say a day or two, could be a breakaway gap to the downside. Postponed for another day? Link to comment Share on other sites More sharing options...
Rationalize Posted March 2, 2009 Report Share Posted March 2, 2009 Donged some pounder @ 1.4141 .. Short term up-ski. Or not. Link to comment Share on other sites More sharing options...
Rationalize Posted March 2, 2009 Report Share Posted March 2, 2009 Donged some pounder @ 1.4141 .. Short term up-ski. Or not. Stopped out at 1.4111 .. Fast loose & [f]ugly. Link to comment Share on other sites More sharing options...
alceringa Posted March 2, 2009 Report Share Posted March 2, 2009 is that a lot? No, just a flesh wound. Link to comment Share on other sites More sharing options...
DrStool Posted March 2, 2009 Report Share Posted March 2, 2009 Good Morning! Welcome to Intraday Stool! Thanks to aussiebear for her daily opening! You can join the discussion by registering (PG rated user names only, please) and posting here as well. Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. To keep out spammers and scammers, I'll send you an email with a few Monty Python type questions. Just reply with your answers, and I'll approve your registration as soon as I receive your reply. If you have questions about how to register and post, use the Help link in the menu bar at the top of the page. If you know others who might be interested in joining us, use the email to a friend link above the thread. Many tanks for joining us! Doc Try the Professional Edition risk free for thirty days. If, within that time you don't find the information helpful, I'll give you a full refund. It's that simple!Click here for more information. Subscribe to the Wall Street Examiner Professional Edition Precious Metals Daily, just $39 quarterly. Try it risk free for 30 days! Get this indispensable daily analysis and support the Stool! Link to comment Share on other sites More sharing options...
unSane Posted March 2, 2009 Report Share Posted March 2, 2009 SPX looking like it will gap down about 15-20 pts, in line with the European and Asian markets. Link to comment Share on other sites More sharing options...
DrStool Posted March 2, 2009 Report Share Posted March 2, 2009 New Winter Watch forum has been set up for those who like an online community. Russ will contribute regularly. Go to Russ's forum Link to comment Share on other sites More sharing options...
DrStool Posted March 2, 2009 Report Share Posted March 2, 2009 qqqq 5 day cycle projection of 26.67 was almost hit in the pre market. SPY hasn't quite hit 5 day cycle projection of 71.50. I suspect they will rally off an opening low, then head back down to retest or slightly lower low later. 5 day cycle should go into a weak sideways up phase for a day or two. channel shport on spx around 722-23, then 711-12. Link to comment Share on other sites More sharing options...
deflationspiral Posted March 2, 2009 Report Share Posted March 2, 2009 My first post and I hope the fact I registered isn't a contrarian indicator for a bear bounce. There is no doubt the charts indicate it's at a critical juncture. As most, I am following the decline off the 1929 top. I'll post charts on my outlook. I believe this bear continues until around Sep 2010, with quick bounces along the way. Link to comment Share on other sites More sharing options...
psyche doctor Posted March 2, 2009 Report Share Posted March 2, 2009 qqqq 5 day cycle projection of 26.67 was almost hit in the pre market. SPY hasn't quite hit 5 day cycle projection of 71.50. I suspect they will rally off an opening low, then head back down to retest or slightly lower low later. 5 day cycle should go into a weak sideways up phase for a day or two. channel shport on spx around 722-23, then 711-12. Yes, the market is too stretched here. Below is a chart I posted over the weekend in M2M. That lower target was very close to the 5 day cycle projection. Link to comment Share on other sites More sharing options...
deflationspiral Posted March 2, 2009 Report Share Posted March 2, 2009 One reason I don't believe the Nov lows in the indices will hold is sentiment, both equity p/c #'s and vix. Complancency rules, not panic as the lows are being touched. At previous lows that lead to quick bounces, a cluster of 2-3 days of over 1 equity only put/call levels were reached. Link to comment Share on other sites More sharing options...
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