aussiebear Posted January 5, 2009 Author Report Posted January 5, 2009 http://money.cnn.com/markets/morning_call/ http://www.kitco.com http://www.kitconet.com/webcharts/base_metals.html Energy futures
aussiebear Posted January 5, 2009 Author Report Posted January 5, 2009 Bullish overtones so far today. All Ords +1.3% with IT leading the way, +3.8% and Gold is the only red sector, -1.4%. Miners are hanging in, +0.8% and Energy is +1.1%.
aussiebear Posted January 6, 2009 Author Report Posted January 6, 2009 Australian Services Sector Shrinks for Ninth Month in December Jan. 6 (Bloomberg) -- Australian demand for services shrank for a ninth month in December, adding to signs the economy may stagnate this year. The performance of services index rose 1.5 points to 39.3 from November, Commonwealth Bank of Australia and the Australian Industry Group said in Sydney today. A reading below 50 indicates the sector is contracting. Today?s report, which is based on a poll of about 200 companies, is similar to the U.S. non-manufacturing ISM index. It measures sales, new orders, deliveries, inventories and employment for companies such as banks, real estate agents, insurers, restaurants, transport companies and retailers to compile the overall performance of services index.
aussiebear Posted January 6, 2009 Author Report Posted January 6, 2009 Toyota to Halt Japan Output for 11 Days as Sales Drop Jan. 6 (Bloomberg) -- Toyota Motor Corp., Japan?s largest automaker, will suspend some domestic production for 11 days in February and March, as the global recession saps car demand. Output at 12 domestic factories will be halted company spokesman Hideaki Homma said today by phone, confirming an earlier NHK television report. Toyota, which expects its first operating loss in 71 years, is cutting production, as its sales last month plunged 37 percent in the U.S. and 18 percent in Japan. The company last month cut its sales forecast by 8.5 percent to 7.54 million vehicles for the year ending March 31.
aussiebear Posted January 6, 2009 Author Report Posted January 6, 2009 New Zealand?s Consumer Spending Rises on Post-Christmas Sales Jan. 6 (Bloomberg) -- New Zealand?s consumer spending rose in December from a year earlier after a surge in transactions in the final week of the month as retailers slashed prices to attract customers. The value of spending rose 2.6 percent last month to a record NZ$4.04 billion ($2.4 billion), Electronic Transaction Services Ltd., an Auckland-based company whose system handles 75 percent of all spending, said in an e-mailed statement today. The sales increase was about one-third of the pace recorded in December 2007 as New Zealand slumped into its worst recession in 10 years and companies fired workers. Still, spending surged 10 percent in the final 10 days of last month as consumers chased bargains amid discounting by many stores from Dec. 26.
DrStool Posted January 6, 2009 Report Posted January 6, 2009 http://wallstreetexaminer.com/2009/01/06/f...sional-edition/
aussiebear Posted January 6, 2009 Author Report Posted January 6, 2009 And it's back to the top of the trading range: does that mean down tomorrow? All Ords closed +1.4% with IT having a remarkably good day, +5.7% followed by Financials +2.6% and Consumer Staples +2.3%. The gold sector continued to perform poorly, -2% and Healthcare was the only other red, -0.6%. The big miners stayed afloat: BHP +0.2% and RIO +2.7%. In the golds, Newcrest finished +1.2% with Newmont -3.5% and Lihir down a hefty -9%. Oils looked good: Woodside +2.2%, Santos +2.6% and Caltex +9.2%. Asia looking a bit rocky: China +3%, Honkers -0.3%, Nikkers +0.4% and India +1%. Over to UK/Europe: http://finance.yahoo.com/intlindices?e=europe
alceringa Posted January 6, 2009 Report Posted January 6, 2009 http://wallstreetexaminer.com/2009/01/06/f...sional-edition/ Doc- My simpleton approach would make me think that since money "multiplier" is down to below 1, that any increase in M1 (or even MZM) means the amount of "apparent money" ("velocity x $") to the "economy" is actually going down, no matter how hard the Fed pumps their feet against the quicksand pit of deflation. Is the collapse of the money "velocity" what the Fed should really be trying to fight to halt GD II? Seems to me "velocity"'s collapse has become just as important to watch as all the alphabet soup programs. ImageSource
Rationalize Posted January 6, 2009 Report Posted January 6, 2009 ES PUT / CALL ratio @ 10.143. Is that a lot? Wait .. does this mean anything at all?
vasu Posted January 6, 2009 Report Posted January 6, 2009 CHRW looks to be a candidate for down side, a big wedge on weekly
Rationalize Posted January 6, 2009 Report Posted January 6, 2009 ES wobbling @ 935.00. Needs some downward action soon -- else it's cash open bohner time, in 58 mins .. wobble wobble
DrStool Posted January 6, 2009 Report Posted January 6, 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. Unfortunately, due to the barrage of spammers using Gmail and certain European email providers, including yahoo.co.uk, we cannot process any registrations associated with a gmail address. In that case please use the email address from your isp, or some other provider. 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!
DrStool Posted January 6, 2009 Report Posted January 6, 2009 http://wallstreetexaminer.com/2009/01/06/p...ls-update-1609/
Rationalize Posted January 6, 2009 Report Posted January 6, 2009 Hard to say what happens next. Futures holding 934.00 .. Could be splash down time.
Recommended Posts
Archived
This topic is now archived and is closed to further replies.