Guest Posted October 29, 2004 Report Share Posted October 29, 2004 GOOG probing 200 Is it good for you? Link to comment Share on other sites More sharing options...
machinehead Posted October 29, 2004 Report Share Posted October 29, 2004 Dow 10K -- BUSTED. The Matrix gets a margin call ... It's about oil. Let's see what's real...if we will ever know. Crush oil, ramp the DOW... Is this easy or what? Oil might have been crushed enough for now. It's mildly positive this morning ... the 2:30 pm close should be informative. Link to comment Share on other sites More sharing options...
BeerMarket Posted October 29, 2004 Report Share Posted October 29, 2004 Santelli admitted that a lot of floor traders had this morning's numbers early due to a "glitch" If his job is to report the buzz on the floor, and he witheld that rumor/buzz from the audience at home, is he really doing his job? Kingsbury International compiles the numbers for Chi-PMI. They sent an email to clients last night that contained the numbers. They claim it was a test file sent by computer error. Further they said, "we cannot confirm whether the numbers contained in the email were real results or a computer generated test message." and if I had to guess what the market would do in response, I'd say it would hold up well in the face of a disappointing GDP, then tank after better than expected PMI. Link to comment Share on other sites More sharing options...
Bearbones Posted October 29, 2004 Report Share Posted October 29, 2004 Big PMI number just doesn't square with other data recently released. Link to comment Share on other sites More sharing options...
Guest Posted October 29, 2004 Report Share Posted October 29, 2004 Dow 10K -- BUSTED. The Matrix gets a margin call ... It's about oil. Let's see what's real...if we will ever know. Crush oil, ramp the DOW... Is this easy or what? Oil might have been crushed enough for now. It's mildly positive this morning ... the 2:30 pm close should be informative. oil negative...here we go GOOG 200...Oil crushed...got your puke bag handy? Link to comment Share on other sites More sharing options...
dozer Posted October 29, 2004 Report Share Posted October 29, 2004 Big PMI number just doesn't square with other data recently released. that's the truth. Link to comment Share on other sites More sharing options...
machinehead Posted October 29, 2004 Report Share Posted October 29, 2004 Crude slammed to yday's lows as Dow pops. A real-time demo of the 'heavy-handed manipulation' that rog mentioned yday ... Link to comment Share on other sites More sharing options...
rog Posted October 29, 2004 Report Share Posted October 29, 2004 PMI: New orders 79.4 (20 year high) last mo 69.7 Production 79.7 (highest level since 8/50) last mo 58.9 Employment 54.1 vs 53.9 last mo I don't know what to make of these numbers Link to comment Share on other sites More sharing options...
K Wave Rider Posted October 29, 2004 Report Share Posted October 29, 2004 Trannies might be done with the move to 3498 earlier, or they may give it one last gasp to get over the round number...butt, they look about as tired as any setup I've seen..ready to rollover at any moment.. Link to comment Share on other sites More sharing options...
BeerMarket Posted October 29, 2004 Report Share Posted October 29, 2004 PMI: New orders 79.4 (20 year high) last mo 69.7 Production 79.7 (highest level since 8/50) last mo 58.9 Employment 54.1 vs 53.9 last mo I don't know what to make of these numbers I'm not that familiar with all the details of this number, but is it possible that Boeing's move to Chi is distorting this number vs historical comparisons, especially given the orders they've been getting for the new plane? Link to comment Share on other sites More sharing options...
dozer Posted October 29, 2004 Report Share Posted October 29, 2004 PMI: New orders 79.4 (20 year high) last mo 69.7 Production 79.7 (highest level since 8/50) last mo 58.9 Employment 54.1 vs 53.9 last mo I don't know what to make of these numbers 69 to 79 ??? pure garbage. unless they're figuring weapons systems in there... With TSMC saying this quarter's chip-shipments will be off 20%.... man, that's a LOT of other widgets that ain't gonna ship either... Link to comment Share on other sites More sharing options...
Bearbones Posted October 29, 2004 Report Share Posted October 29, 2004 PMI: New orders 79.4 (20 year high) last mo 69.7 Production 79.7 (highest level since 8/50) last mo 58.9 Employment 54.1 vs 53.9 last mo I don't know what to make of these numbers Industrial production, capacity utilization, jobless claims, GDP, all worse. Of course, those are hard numbers while PMI is a touchy/feely survey. Nevertheless, something is dreadfully wrong with the data machines. Perhaps some front loading of investment to take advantage of expiring tax breaks but that would show up in other numbers as well. So far, markets don't care. Link to comment Share on other sites More sharing options...
dozer Posted October 29, 2004 Report Share Posted October 29, 2004 PMI: New orders 79.4 (20 year high) last mo 69.7 Production 79.7 (highest level since 8/50) last mo 58.9 Employment 54.1 vs 53.9 last mo I don't know what to make of these numbers I'm not that familiar with all the details of this number, but is it possible that Boeing's move to Chi is distorting this number vs historical comparisons, especially given the orders they've been getting for the new plane? huh ! hadn't thought of that one... quite possible....and of COURSE they call no attention to it... Link to comment Share on other sites More sharing options...
machinehead Posted October 29, 2004 Report Share Posted October 29, 2004 Trannies might be done with the move to 3498 earlier, or they may give it one last gasp to get over the round number...butt, they look about as tired as any setup I've seen..ready to rollover at any moment.. What vehicle do you use to trade the Trannies, K-wave? Link to comment Share on other sites More sharing options...
brian4 Posted October 29, 2004 Report Share Posted October 29, 2004 Blast Shields up! Link to comment Share on other sites More sharing options...
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