fxfox Posted February 20, 2009 Report Share Posted February 20, 2009 DAX daily slight uptrendline is broken, if 4000 gets lost on a closing basis we are effed. Maybe today there will be a stock save once the US opens. Most interesting will be to see what happens next week. Link to comment Share on other sites More sharing options...
swordfish Posted February 20, 2009 Report Share Posted February 20, 2009 new low for ES.F 764.00 Link to comment Share on other sites More sharing options...
swordfish Posted February 20, 2009 Report Share Posted February 20, 2009 ECB At a Loss on Additional Steps as Rates Fall to Record Low Feb. 20 (Bloomberg) -- European Central Bank policy makers are at a loss for what additional steps to take as record low interest rates fail to stem the deepening recession. Officials are hemmed in by European Union rules that forbid the ECB from buying bonds directly from governments and any decision to buy debt in the open market may spark a dispute over which country?s securities to purchase. Options are also limited by the lack of a single euro-region Treasury that would underwrite central bank losses incurred from any new measures. ?The problem is that they don?t know themselves what they?ll exactly have to do in the future,? said Juergen Michels, chief euro-area economist at Citigroup Inc. in London. ?They are probably very divided on the range of measures available to them.? The danger is that the ECB, led by President Jean-Claude Trichet, slips into paralysis just as the 16-nation euro region spirals deeper into recession and other central banks get permission from their governments to create money or buy securities. http://www.bloomberg.com/apps/news?pid=206...&refer=home Link to comment Share on other sites More sharing options...
swordfish Posted February 20, 2009 Report Share Posted February 20, 2009 corpo bonds wins with equity http://www.bloomberg.com/apps/news?pid=206...&refer=bond Corporate Bond Trading Highest Since ?07 as Credit Freeze Thaws Feb. 20 (Bloomberg) -- Corporate bond trading in the U.S. is rising to the highest in two years, adding to evidence that credit markets are thawing even with stocks off to their worst start since the 1920s as the recession deepens. An average $17.1 billion of corporate bonds traded daily this month, compared with $17.7 billion in January, according to the Financial Industry Regulatory Authority. The business is up from last year?s low of $9.4 billion in August and reached the highest level since February 2007, Finra data show. ?We saw just dramatic increases in our corporate business,? said Dan Leland, head of taxable capital markets at Dallas-based Southwest Securities, a unit of SWS Group Inc. ?One of the last places you can get an attractive yield with relative safety is in the corporate arena. The equity markets just continue to deteriorate.? Link to comment Share on other sites More sharing options...
Charmin Posted February 20, 2009 Report Share Posted February 20, 2009 nervous and scared = 991 no not the spx Link to comment Share on other sites More sharing options...
fxfox Posted February 20, 2009 Report Share Posted February 20, 2009 I dont like that equties are looking into the abyss while the yen-pairs refuse to go down. Seems like BoJ is in the market. When it smells like fish it probably is fish. It smells fishy here. Link to comment Share on other sites More sharing options...
fxfox Posted February 20, 2009 Report Share Posted February 20, 2009 Gold 993 Link to comment Share on other sites More sharing options...
alceringa Posted February 20, 2009 Report Share Posted February 20, 2009 GM unit Saab files for protection from creditors It's only a flesh wound.... Link to comment Share on other sites More sharing options...
fxfox Posted February 20, 2009 Report Share Posted February 20, 2009 on my day-off today (having not to commute to work 90 min in public transportation is really a relief, cause thats one giant pain in the ass!) im playing around with some charts and found the following: BAE Systems weekly MASSIVE overhead res by tunnel, SMA 200, EMA 50 and 50 fibo. So thats a short short setup like in the textbook. Go short here at 400, target 100. Why not? Why should it not go back to 100? Any british stools can comment on this? Link to comment Share on other sites More sharing options...
T_Slim Posted February 20, 2009 Report Share Posted February 20, 2009 I dont like that equties are looking into the abyss while the yen-pairs refuse to go down. Seems like BoJ is in the market. When it smells like fish it probably is fish. It smells fishy here. I agree. Link to comment Share on other sites More sharing options...
DrStool Posted February 20, 2009 Report Share Posted February 20, 2009 Good morning! swordy is our overnight animal! Tanks for keeping it lively and giving us US sleepy heads the whole story when we stumble in here in the morning! and as always... 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...
Peek Paper Posted February 20, 2009 Report Share Posted February 20, 2009 Gold 993 The next $50 will be a gift to anyone/everyone buying a pullback - if one occurs. Rarely is any result been so "baked in". However, its OPEX Friday; 't might not happen untill next week. A timid push from here(today) to the old highs could be a good intraday short. Link to comment Share on other sites More sharing options...
crooked_analyst Posted February 20, 2009 Report Share Posted February 20, 2009 It is a sad state of affairs when there is more discussion and debate over Rick Santelli's rant yesterday than the Stimulus Package. Sure looks like somebody put a choke chain around his nuts today. Link to comment Share on other sites More sharing options...
Rounder Posted February 20, 2009 Report Share Posted February 20, 2009 picked up some QID near the close y'day... prob dump 'em if we hold 1150ish Link to comment Share on other sites More sharing options...
Slappy Posted February 20, 2009 Report Share Posted February 20, 2009 I really thought that the Pigman 'opex victims of the month' play would come in the financials this month with a face melting spike after some DC bailout. Instead, it looks like it's tech and anyone that got stopped out of gold or the miners yesterday. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.