IDS World Markets Wed 27th April 05

[Guest]

 

 

 

 

 

 

 

 

 

http://quote.yahoo.com/m2?u

[Guest]

 

 

 

http://money.cnn.com/markets/morning_call/

 

 

 

 

 

 

 

http://www.kitco.com

[Guest]

 

Another slide today encouraged by the US selloff. All Ords -0.4% with Property Trusts in the lead, +0.5%. 7 out of the 10 sectors are red and Materials is at the bottom, -1.4%.

 

RIO/BHP dragging down the miners but the golds looking quite sprightly. Oils are sagging a touch today with the Energy index -0.4%.

 

Asia on the down so far....

[Guest]

U.S. Stocks Drop on Confidence Report

 

April 26 (Bloomberg) -- U.S. stocks declined after consumer confidence slipped to a five-month low and earnings from companies including Lexmark International Inc. and DuPont Co. trailed anal cysts' estimates.

 

``The trend is a bit disturbing,'' said Liam Dalton, president of Axiom Capital with $975 million under management in New York. ``The consumer is beginning to tighten his belt. The fundamentals haven't convinced us yet that there's going to be a sustained upside move.''

 

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U.S. Economy: Home Sales Rise

 

April 26 (Bloomberg) -- U.S. new home sales unexpectedly increased to the highest level ever in March, evidence of continued strength in housing even as surging gasoline prices and slumping stocks erode consumer confidence.

 

Purchases rose 12.2 percent to a 1.431 million annual rate after February sales that were faster than the government first estimated, the Commerce Department said today in Washington.

[Guest]

Australia's 1st-Quarter Inflation Rates Slows to 0.7%

 

April 27 (Bloomberg) -- Australian consumer prices rose less than economists expected in the first quarter, signaling the central bank may refrain from raising interest rates again this year.

 

The consumer price index rose 0.7 percent in the three months ended March 31 from the previous quarter, the Australian Bureau of Statistics said in Sydney today.

 

Consumer prices rose 2.4 percent from a year earlier. The Reserve Bank of Australia aims to keep annual inflation in the Asia- Pacific region's fifth-biggest economy between 2 percent and 3 percent on average.

 

Core inflation, which excludes volatile items such as gasoline, education costs and fruit and vegetables, increased 0.4 percent in the quarter for an annual gain of 1.8 percent.

[Guest]

 

A meandering day which left All Ords at -0.3% and hanging out in space. The laboured action doesn't lead one to think we're going too much higher but who knows... 3 sectors closed +0.5%: Financials, Property Trusts and Telecoms and Materials came in last, -1.3%. In the Top 100 it was 37 rises and 55 falls.

 

Miners, including golds, went into a bit of a skid as the day wore on but the oils weathered things fairly well with the Energy index closing -0.1%.

 

Asia red, but not to any great extent with the exception of Sth Korea which closed -1.5%.

 

Europe unlikely to have an exuberant open after what happened in the US:

 

 

 

 

http://quote.yahoo.com/m2?u

[Guest]

China may limit foreign banks

 

FOREIGN banks operating in China may soon face new rules curbing their spread along the country's prosperous and lucrative eastern seaboard, state media reported today.

 

The rules will encourage foreign lenders to do business in China's less developed central and western region, and may ban them from buying equity stakes in more than two major Chinese banks, the China Daily reported.

"We need to focus on having an appropriate level of protection for Chinese banks," said Shi Jiliang, vice chairman of the China Banking Regulatory Commission (CRBC).

 

Foreign banks had set up 211 operational entities and 220 representative offices in China by the end of last year, according to the newspaper.

[FeedFool]

one more drop to 1120 which is 25% retrace.

 

dates to watch

 

29 june and 29 july

[FeedFool]

Is it 21% or something else like 25%?????

[FeedFool]

If it's 21% then low may well be in or retest is due

[The brown one]

Thanks for the charts Feed.So, it looks like 29-04 could be boinnnng day!

[astral mike]

Is it 21% or something else like 25%?????

<{POST_SNAPBACK}>

 

 

23.6% is another important internal retracement.

 

21 is an important number in the fibonacci sequence.

[The brown one]

AEX is gettting smacked this am as the shport at 354.2 broke and is hurtling toward the line in the sand(fo' da big boyz) at 352.

 

S'pose you could have predicted a down move as the European indices completely disregarded the 3am bonering in the Spoos futures intended for their benefit

 

Sweden taking a real beating 2.65% down.

[MacroBear]

Am I understanding this correctly...doesn't this mean no shorting of DIA, SPY, and QQQQs for a minimum of the next five sessions?

 

Please be advised that

 

Nasdaq-100 Trust (Nasdaq: QQQQ)

Diamonds Trust (AMEX: DIA)

S&P Dep Receipts (AMEX: SPY)

 

are currently on the SEC Regulation SHO Threshold Security List and therefore not currently available to loan for short sales.

 

 

For more information on the Regulation SHO Threshold Security List, please visit: 

 

 

http://www.nasdaqtrader.com/aspx/regsho.aspx

 

and

 

http://www.amex.com/amextrader/tradingData...Xth20050426.txt

[Bastiat]

Am I understanding this correctly...doesn't this mean no shorting of DIA, SPY, and QQQQs for a minimum of the next five sessions?

 

Please be advised that

 

Nasdaq-100 Trust (Nasdaq: QQQQ)

Diamonds Trust (AMEX: DIA)

S&P Dep Receipts (AMEX: SPY)

 

are currently on the SEC Regulation SHO Threshold Security List and therefore not currently available to loan for short sales.

 

 

For more information on the Regulation SHO Threshold Security List, please visit:?

 

 

http://www.nasdaqtrader.com/aspx/regsho.aspx

 

and

 

http://www.amex.com/amextrader/tradingData...Xth20050426.txt

<{POST_SNAPBACK}>

 

There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security;

The level of fails is equal to at least one-half of one percent of the issuer?s total shares outstanding; and

The security is included on a list published by a self-regulatory organization (SRO).

 

I remember a post about this "fail to deliver" situation the other day. Someone is cheating and shorting stock without having it available for loan. I wonder if this is intentional to manipulate the market.

 

Fail to Deliver

A situation that occurs when the broker-dealer on the sell side of a transaction does not deliver securities to the broker-dealer on the buy side by the settlement date of the transaction. Usually this occurs because the selling broker-dealer has not received the certificates from the selling customer. The buying broker-dealer will not pay for the securities until the fail to deliver is eliminated by delivery of the certificates.