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Incisive Ignition


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Posted

t?s=^AORD

 

 

The bullz are frolicking today. All Ords +1.3% with Miners on the rebound, +2.4%, Materials +2.3% and Energy +1.7%. Only one sector is down, IT -0.4%.

Posted

japangdp011010.jpg

 

 

We'll be the first to admit that government/central banking policy making in Japan certainly influenced the economic cycle outcomes you see above. A number of times policy makers backed off on stimulus measures and almost immediately the Japanese economy fell back into official recession. But as we see it, this says something about what the US faces immediately ahead.

 

http://www.contraryinvestor.com/mo.htm

Posted

Interesting article below. Here is a snippet of it.

 

"the American public lives in Candyland, where government can tackle the big problems and get out of the way at the same time. In this respect, the whole country is becoming more and more like California, where ignorance is bliss and the state's bonds have dropped to an A- rating (the same level as Libya's), thanks to a referendum system that allows the people to be even more irresponsible than their elected representatives. "

 

http://www.slate.com/id/2243797/

Posted

w?s=^AORD

 

 

market5-chart.img?symb=XAO

 

http://tradingroom.com.au/apps/index.ac

 

 

Yahoo Aussie chart no werky but today's action was a fizzle after a strong open. All Ords closed up a mere +0.3% with Utilities +1.3% taking the lead followed by REITS and Telecomms both +1.2%. Financials was downside leader, -0.9%.

 

Asia not doing anything exciting: China +0.6%, Honkers flat, India +0.2% and Nikkers +0.6%.

 

 

On to UK/Europe:

 

Footsie

 

image;size=239x110

 

 

DAX

 

image;size=239x110

 

 

CAC 40

 

image;size=239x110

Posted

uncouth oyl's going to have a hard time getting thru 76, where multiple smackdowns await: horizontal rez, 21d and 50d MAs. and the descending trendline says 75 holds a big bertha bitch slap for oyl. i'll be ready with DUG, or mebbe SCO, or mebbe ERY. . . choices, choices.

 

post-5990-1265781992_thumb.png

Posted

Australian Consumer Confidence, Home Lending Fall on Rate Rises

 

Feb. 10 (Bloomberg) -- Australian consumer confidence fell and home lending declined after the central bank raised interest rates a record three times late last year.

 

The sentiment index dropped 2.6 percent in February to 117 points, according to a Westpac Banking Corp. and Melbourne Institute survey of 1,200 consumers and released today in Sydney. The number of loans granted to build or buy houses and apartments tumbled 5.5 percent in December from November, the statistics bureau said separately.

Posted

China’s Imports Climb as Domestic Demand Aids Global Rebound

 

Feb. 10 (Bloomberg) -- China’s imports climbed for a third straight month in January, signaling increasing strength in domestic demand that’s aiding the global economic rebound.

 

Imports climbed a record 85.5 percent from a year before, a jump that was influenced by a shift in the lunar new year holiday to February this year from January 2009, customs bureau figures showed in Beijing today. Exports rose 21 percent in a second monthly advance after 13 declines that may reinforce overseas calls for China to allow a stronger currency.

Posted

India Rejects First GM Vegetable, Hampering Monsanto

 

Feb. 10 (Bloomberg) -- India’s government rejected the nation’s first genetically modified food after protests by farmers, hampering the expansion of seed makers including Monsanto Co. in the world’s second-most populous nation.

 

The brinjal, or aubergine, had been genetically modified by the Maharashtra Hybrid Seed Company Ltd., known as Mahyco, in which St. Louis-based Monsanto has a 26 percent stake. Shares of Monsanto India Ltd. fell as much as 7.5 percent today in Mumbai, and traded down 4.3 percent at 10.12 a.m.

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