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B4 the Bell, Moonday Aug. 9, 2004


Guest yobob1

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Epic battle- where $$ is hiding (and fleeing)

 

DJ Money Flow Table For Major U.S. Indexes And Stocks

 

MONEY FLOW - UPTICK/DOWNTICK TRADING DOLLAR VOLUME

Aug 9, 2004, 10:00 a.m. Eastern Time

 

MARKET MONEY FLOW (in millions) RATIO

TODAY PREV DAY

DJIA +9.9 +11.7 107/100

Blocks +19.3 -208.8 120/100

DJ US Total Mkt +89.1 +797.9 108/100

Blocks +75.8 +246.9 121/100

S & P 500 +55.5 +548.1 107/100

Blocks +76.8 +90.5 128/100

Russell 2000 +14.4 +147.3 107/100

Blocks +3.1 +84.0 113/100

 

ISSUE GAINERS EXCH LAST PRICE MONEY FLOW RATIO

(in millions)

BP Plc ADS (N) 55.13 +17.1 1310/100

BankAm (N) 83.96 +13.4 296/100

GenElec (N) 31.59 +11.3 186/100

ExxonMobil (N) 45.58 +10.4 232/100

Pfizer (N) 31.22 +9.3 208/100

ChevronTex (N) 94.31 +8.4 243/100

AstraZen (N) 44.46 +7.1 1261/100

TycoInt (N) 30.48 +6.6 378/100

Verizon (N) 38.33 +6.6 267/100

ChiMerc (N) 132.00 +6.3 182/100

Cendant (N) 21.40 +6.3 376/100

Cntrywd Fncl (N) 67.43 +6.2 303/100

AlliantTech (N) 58.21 +6.1 287/100

Citigroup (N) 43.41 +5.9 146/100

GenMotor (N) 41.45 +5.8 264/100

JohnsJohns (N) 54.80 +5.6 197/100

SemiConHldrs (A) 30.54 +5.5 154/100

Merck (N) 43.84 +4.8 249/100

Boeing (N) 48.70 +4.7 280/100

SP400 Spdrs (A) 101.40 +4.7 460/100

 

ISSUE DECLINERS EXCH LAST PRICE MONEY FLOW RATIO

(in millions)

SPDR (A) 107.05 -44.3 76/100

Microsoft (Nq) 27.18 -16.8 45/100

WalMart (N) 51.49 -14.0 50/100

BiotchHldrs (A) 129.84 -10.3 20/100

CoxComm A (N) 33.04 -8.3 14/100

IvaxCp (A) 23.97 -7.4 9/100

ConEd (N) 40.93 -5.8 24/100

SPDR Materials (A) 25.17 -5.5 1/100

McDonalds (N) 26.30 -5.2 30/100

ChelseaProp (N) 65.40 -4.7 13/100

iShrLeh20+ (A) 86.24 -4.5 18/100

BerkHathwy A (N) 84600.00 -4.2 17/100

JPMorgChas (N) 36.03 -4.2 67/100

MicronTch (N) 12.19 -3.7 36/100

BiogenIdec (Nq) 56.00 -3.7 56/100

CDW (Nq) 59.25 -3.7 22/100

PepsiCo (N) 50.88 -3.6 36/100

BosSci (N) 33.20 -3.5 73/100

DuPont (N) 41.14 -3.3 73/100

SPDR Fncl (A) 27.35 -3.3 16/100

 

Moneyflow figures are the dollar value of composite

uptick trades minus the dollar value of downtick trades.

The up/down ratio reflects the value of uptick trades

relative to the value of downtick trades.

 

Source: WSJ Market Data Group

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Patience- I said it would be volatile today- the bottom will fall out soon enuff! ;)

Any bear still alive cant be accused of lacking patience! :D

 

The stakes are high.

Keeping the market at these levels until FOMC decision is a must.

How could "measured increases" be accomplished in the face of an imploding equities market?

 

As someone said large egos are in jeopardy.

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IVAN approaching it's 50 day MA from below. Watching to see if it breaks out. Very nice run up in past few days and on volume too. IMO, this baby has much more room to grow. Hopefully, it's taint from Calandra scandal has washed itself out.

 

Brian - Cheers for the heads up on it last week.

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Temporary Open Market Operations for August 09, 2004

Last updated: August 09, 2004 09:51 AM

Number of operations today: 1

 

Delivery date: Monday, August 09, 2004

Maturity date: Tuesday, August 10, 2004

Type of operation: O/N RP

Operation close time: 09:45 AM

Total Money Value of Operation (in $bil.) 4.750

http://www.ny.frb.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE

The Fed added $0.5B to the repo pool, which is about as much as can be expected from them. If they had added more they would prematurely tip their hand that they are actually in the process of easing the availability of money ? not tightening.

 

At this moment I am back to thinking there is a 90% chance of a 0.25% rate increase tomorrow, with about a 10% chance the market will drop enough by the time of the meeting to change their mind. The Fed is till looking for 4 to 5% GDP growth in the second half. Eventually they will admit they are wrong because of an ?oil shock? (tanks MH) or some other excuse. Meanwhile the higher interest rate will most adversely affect those financial firms in the ?carry trade? (borrowing cheap and buying something with an expected higher yield) and new mortgages using ARMs.

 

I?ll sound like a broken record here, but Ben ?The Printer? Bernanke explicitly stated that he believes that adding more money to the monetary base reduces the negative side effects of inflation. Surprising the Fed even admits that inflation is a kind of tax on various groups, but it never clearly addresses its own hand in creating that inflation - but that is another matter. The higher inflation, now blamed on energy prices, relates largely directly back to prior easy monetary policy and the attempts of foreign central banks to ?peg? the dollar by expanding their respective monetary bases.

 

The Fed will shortly proceed more aggressively with a policy of quantitative easing of the monetary base (repos and purchase of mostly Treasury bills/bonds) to offset the deleterious effects of interest rate hikes, higher energy prices, and a faltering credit bubble and economy. I expect that this will reduce the value of dollar, but a more sure bet would be to stay long on PMs and energy stocks until it looks like a market crash is coming.

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LOL! He'd better get re-elected quick! B)

Looks like they had better give out non-terror alerts from now until the election :rolleyes:

 

Something along the lines of "All likely terror has been cancelled this week due to lack of political influence--yours lovingly(in a biblical sense) J.ASskkkroft"

 

Peace and love,be happy until you vote--just wait till you see what we have in store for you afterwards B)

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