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(50 messages, sorted newest first) * Watch These Sites
* European Banks If there seems to be some new or continuing concern about European Banks And:
Credit spreads are widening out
What are the implications for the rest of us ordinary folks???
I am not any kind of expert in these things and just like to know what I need to know * Corn in extreme NW Ohio... The Toledo news just said that farmers are saying their corn yield is remarkably better than last year.
If so, the genetics have been a plus. * big drop in wheat yesterday... way back up today? It's like Chicago weather!
Actually, wheat going up from now until January is "normal" so a drop of over 20 centavos is a nice thing for those wanting to enter long. * Re: GM 30billion accounting fraud This isn't 1990
So what did the union do??
In this latest accounting thing???
Not a fan of unions ,but fair is fair
Why blame the union unless they deserve it
I see nothing connected to the unions in this accounting thing
Is the union the accounting dept???
I must have missed something, if this is the union defraud of 2010, not 1990 * Hilarious film. You could never make it today... what with political correctness being what it is. * Commodity Futures Sponsor Links, from Google
* gold nice washout in the offing...
"i feel it, i know it, i see it!!!" * Try These Forum Futures Sponsors For Size
* Who wants to buy sugar here? nt
* its like oh my when of course but on a grand scale ??
OUTragous.........
its blinders,,,,,, bnds work and down have those nasty ....
BEAR mkts oh my
so buy bnds over stks ,,. * Re: GM 30billion accounting fraud union defaurds the system,,
* Re: Visual Guide to Deflation Wow. Dr. Seuss does Economics. Can't make it any simpler & clearer than that.
I'm pretty sure you could replace an entire semester of Economics with this one article, but few professors would ever stoop this low. * Forum Futures Sponsors, courtesy Google
* Re: NG EIA guess +62 * Re: No NTR posts 8am-5pm NYT, tks... NTR My apologies, Alex. Sorry. * No NTR posts 8am-5pm NYT, tks... NTR
* Re: Pastor Terry Jones / NTR Well this guy is an example of a radical christian. Both religions have their radical fringe. Both are out to cause chaos in order to fulfill their own silly prophecies.
That said, it would not be too good if you are the US soldier who is captured and burnt alive. * Try These Forum Futures Sponsors For Size
* Re: Pastor Terry Jones / NTR Here's my take on this. Let'em burn the Koran and let'em build the Mosque in NY.
You cannot have it both ways. * many other ydjots have burned books http://en.wikipedia.org/wiki/Book_burning * Re: bond bubble sentiment all over This theme has been my view; I am putting it into action slowly; it is an investment idea, not trading idea; markets can run counter to this idea in a big way on any day, week, or month.
In time, this should work well.
Best,
campion * Re: Pastor Terry Jones / NTR And they call islam the "religion of peace"? They have have riots and rage around the world because some guy threatens to burn their book. Doesn't sound peaceful or tolerant to me....sounds like a bunch of thugs that want to dominate everybody elses freedom. Where are all the so-called "moderate" muslim voices?....strangely silent again....beginning to wonder if there are any muslims that disagree enough to ever speak up.
* GM 30billion accounting fraud hey, somebody over at bloomberg did some real reporting! * Commodity Futures Sponsor Links, from Google
* INO Morning Markets KEY EVENTS TO WATCH FOR:
Thursday, September 9, 2010
8:30 AM ET. July U.S. International Trade in Goods & Services
Deficit (Expected -47B; previous -49.9B)
Exports (previous 150.45B)
Exports Percent Change (previous -1.3%)
Imports (previous 200.35B)
Imports Percent Change (previous +3.1%)
8:30 AM ET. Sept 4 Unemployment Insurance Weekly Claims Report ? Initial Claims
Weekly Jobless Claims (expected 470K; previous 472K)
Weekly Jobless Claims Net Change (expected -2K; previous -6K)
Cont Jobless Claims (prior week) (previous 4456000)
Cont Jobless Claims Net Chg (prior week) (previous -23K)
10:00 AM ET. Aug 28 DJ-BTMU U.S. Business Barometer
DJ-BTMU Business Barometer (previous 0)
DJ-BTMU Business Barometer (52 Wk) (previous 4.9)
10:30 AM ET. Sept 3 EIA Weekly Natural Gas Storage Report
Total Working Gas in Storage (previous 3106B)
Total Working Gas in Storage (Net Change) (previous +54B)
11:00 AM ET. Sept 3 EIA Weekly Petroleum Status Report
Crude Oil Stocks (previous 361.71M)
Crude Oil Stocks (Net Change) (expected +300K; previous +3.43M)
Gasoline Stocks (previous 225.41M)
Gasoline Stocks (Net Change) (expected -600K; previous -0.21M)
Distillate Stocks (previous 175.24M)
Distillate Stocks (Net Change) (expected +400K; previous -0.74M)
Refinery Usage (expected 86.8%; previous 87%)
4:30 PM ET. Sept 8 Foreign Central Bank Holdings
Foreign US Debt Holdings (previous 3.23T)
US Foreign Agency Holdings (previous 817.49B)
Foreign Treasury Holdings (previous 2.41T)
4:30 PM ET. Sept 8 Federal Discount Window Borrowings
Primary Credit Borrowings (previous 9M)
Primary Credit Borrowings W/E Daily Avg. (previous 13M)
Discount Window Borrowings (previous 54.03B)
Discount Window Borrowings W/E Daily Avg. (previous 56.35B)
4:30 PM ET. Money Stock Measures
The STOCK INDEXES & MARKETS http://quotes.ino.com/ex changes/?c=indexes" TARGET="outsidelink"> http://quotes.ino.com/ex changes/?c=indexes
The December NASDAQ 100 was higher overnight as it extends the rally off August?s low. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off August?s low, August?s high crossing at 1915.25 is the next upside target. Closes below the 20-day moving average crossing at 1817.17 would confirm that a short-term top has been posted. First resistance is Wednesday?s high crossing at 1885.00. Second resistance is August?s high crossing at 1915.25. First support is the 10-day moving average crossing at 1821.07. Second support is the 20-day moving average crossing at 1817.17. The December NASDAQ 100 was up 7.75 pts. at 1882.75 as of 6:01 AM CST. Overnight action sets the stage for a higher opening by December NASDAQ 100 when the day session begins later this morning.
The December S&P 500 index was higher overnight as it consolidates some of Wednesday?s decline. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off August?s low, August?s high crossing at 1120.60 is the next upside target. Closes below the 10-day moving average crossing at 1067.20 would confirm that a short-term top has been posted. First resistance is Tuesday?s high crossing at 1099.70. Second resistance is August?s high crossing at 1120.60. First support is the 20-day moving average crossing at 1068.63. Second support is the 10-day moving average crossing at 1067.20. The December S&P 500 Index was up 8.10 pts. at 1094.40 as of 6:03 AM CST. Overnight action sets the stage for a higher opening by the December S&P 500 index when the day session begins later this morning.
INTEREST RATES http://quotes.ino.com/ex changes/?c=interest" TARGET="outsidelink"> http://quotes.ino.com/ex changes/?c=interest
December T-bonds were lower overnight and poised to renew the decline off August?s high. Stochastics and the RSI remain neutral to bearish signaling that additional weakness is possible near-term. If December renews last week?s decline, the 25% retracement level of the April-August rally crossing at 129-23 is the next downside target. Closes above the 10-day moving average crossing at 133-01 would temper the bearish outlook. First resistance is the 10-day moving average crossing at 133-01. Second resistance is August?s high crossing at 135-19. First support is last Friday?s low crossing at 130-12. Second support is the 25% retracement level of the April-August rally crossing at 129-23.
ENERGY MARKETS http://quotes.ino.com/ex changes/?c=energy" TARGET="outsidelink"> http://quotes.ino.com/ex changes/?c=energy
October crude oil was higher overnight as it extends the trading range of the past eight days. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 75.58 are needed to confirm that a short-term low has been posted. If October renews the decline off August?s high, May?s low crossing at 70.35 is the next downside target. First resistance is the reaction high crossing at 75.44. Second resistance is the reaction high crossing at 75.58. First support is the reaction low crossing at 70.76. Second support is May?s low crossing at 70.35.
October heating oil was higher overnight as it extends the rally off August?s low. Stochastics and the RSI are overbought remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off August?s low, the reaction high crossing at 212.67 is the next upside target. Closes below the 20-day moving average crossing at 203.09 would temper the near-term friendly outlook. First resistance is Wednesday?s high crossing at 210.10. Second resistance is the reaction high crossing at 212.67. First support is the 10-day moving average crossing at 205.13. Second support is the 20-day moving average crossing at 203.09.
October unleaded gas was higher overnight as it extends the rally off August?s low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off August?s low, the reaction high crossing at 203.74 is the next upside target. Closes below the 20-day moving average crossing at 188.92 would confirm that a short-term top has been posted. First resistance is Tuesday?s high crossing at 192.90. Second resistance is the reaction high crossing at 203.74. First support is the 10-day moving average crossing at 190.93. Second support is the 20-day moving average crossing at 188.92.
October Henry natural gas was higher due to short covering overnight as it consolidates above the 10-day moving average. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 3.998 are needed to confirm that a short-term low has been posted. If October renews this summer?s decline, weekly support crossing at 3.225 is the next downside target. First resistance is last Friday?s high crossing at 3.946. Second resistance is the 20-day moving average crossing at 3.998. First support is last Monday?s low crossing at 3.693. Second support is weekly support crossing at 3.225.
CURRENCIES http://quotes.ino.com/ex changes/?c=currencies" TARGET="outsidelink"> http://quotes.ino.com/ex changes/?c=currencies
The December Dollar was slightly higher overnight as it extends the trading range of the past four weeks. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If December renews the rally off August?s low, the reaction high crossing at 84.94 is the next upside target. If December extends last week?s decline, August?s low crossing at 80.75 is the next downside target. First resistance is August?s high crossing at 83.96. Second resistance is the reaction high crossing at 84.94. First support is last Friday?s low crossing at 82.23. Second support is August?s low crossing at 80.75.
The December Euro was slightly higher overnight as it consolidates some of Tuesday?s decline. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. Closes below August?s low crossing at 125.870 would renew the decline off last month?s high. If December renews the rally off August?s low, August?s high crossing at 133.250 is the next upside target. First resistance is Tuesday?s high crossing at 129.130. Second resistance is August?s high crossing at 133.250. First support is the reaction low crossing at 126.230. Second support is August?s low crossing at 125.870.
The December British Pound was lower overnight as it consolidates above the 38% retracement level of the May-August rally crossing at 1.5346. Stochastics and the RSI are oversold and are turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing at 1.5483 are needed to confirm that a short-term top has been posted. If June extends the decline off August?s high, the reaction low crossing at 1.5126 is the next downside target. First resistance is the 20-day moving average crossing at 1.5483. Second resistance is the reaction high crossing at 1.5583. First support is the 38% retracement level of the May-August rally crossing at 1.5346. Second support is the reaction low crossing at 1.5126.
The December Swiss Franc was slightly higher overnight as it consolidates above the 87% retracement level of the 2009-2010-decline crossing at .9891. Stochastics and the RSI are overbought, diverging but are turning bullish signaling that additional short-term gains are possible. If December extends this summer?s rally, the 2009 high crossing at .10067 is the next upside target. Closes below the 20-day moving average crossing at .9732 would confirm that a short-term top has been posted. First resistance is last week?s high crossing at .9945. Second resistance is the 2009 high crossing at .10067. First support is the 10-day moving average crossing at .9835. Second support is the 20-day moving average crossing at .9732.
The December Canadian Dollar was higher overnight as it extends the rally off August?s low. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If December extends last week?s rally, the reaction high crossing at 97.35 is the next upside target. Closes below the 10-day moving average crossing at 95.06 are needed to confirm that a short-term low has been posted. First resistance is the overnight high crossing at 96.56. Second resistance is the reaction high crossing at 97.35. First support is the 20-day moving average crossing at 95.27. Second support is the 10-day moving average crossing at 95.06.
The December Japanese Yen was higher overnight as it extends this summer?s rally. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes below the reaction low crossing at .11655 would confirm that a short-term top has been posted. First resistance is Tuesday?s high crossing at .12011. First support is last Friday?s low crossing at .11747. Second support is the reaction low crossing at .11655.
PRECIOUS METALS http://quotes.ino.com/ex changes/?c=metals" TARGET="outsidelink"> http://quotes.ino.com/ex changes/?c=metals
October gold was slightly higher overnight as it consolidates above the 87% retracement level of the June-July decline crossing at 1253.30. Stochastics and the RSI are overbought but are neutral to bullish signaling that sideways to higher prices are possible near-term. If October extends the rally off July?s low, June?s high crossing at 1267.10 is the next upside target. Closes below the 20-day moving average crossing at 1237.60 would confirm that a short-term top has been posted. First resistance is Wednesday?s high crossing at 1263.20. Second resistance is June?s high crossing at 1267.10. First support is the 10-day moving average crossing at 1247.90. Second support is the 20-day moving average crossing at 1237.60.
December silver was slightly lower overnight as it consolidates some of the rally off July?s low. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the aforementioned rally, the July 2008 high crossing at 20.800 is the next upside target. Closes below the 20-day moving average crossing at 18.968 would confirm that a short-term top has been posted. First resistance is Wednesday?s high crossing at 20.180. Second resistance is the July 2008 high crossing at 20.800. First support is the 10-day moving average crossing at 19.554. Second support is the 20-day moving average crossing at 18.698.
December copper was lower due to profit taking overnight as it consolidates some of the rally off August?s low. Stochastics and the RSI are overbought and are turning bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 337.32 would confirm that a short-term top has been posted. If December extends this summer?s rally, the 87% retracement level of the April-June decline crossing at 355.75 is the next upside target. First resistance is last Friday?s high crossing at 353.45. Second resistance is the 87% retracement level of the April-June decline crossing at 355.75. First support is the 10-day moving average crossing at 344.02. Second support is the 20-day moving average crossing at 337.32.
GRAINS http://quotes.ino.com/ex changes/?c=grains
December corn was lower due to profit taking overnight as it consolidates some of the rally off June?s low. Traders will be look to see if the USDA will lower its corn crop production estimate from its August?s estimate in Friday?s monthly supply-demand report. The low-range close overnight sets the stage for a steady to lower opening when the day session begins. Stochastics and the RSI are overbought and are turning bearish hinting that a pre-harvest high might be in or is near. If December extends the rally off June?s low, the 38% retracement level of the 2008-2010 decline on the weekly December chart crossing at 4.81 3/4 is the next upside target. Closes below the 20-day moving average crossing at 4.38 1/2 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 4.69. Second resistance is the 38% retracement level of the 2008-2010 decline on the weekly December chart crossing at 4.81 3/4. First support is the 10-day moving average crossing at 4.49 1/2. Second support is the 20-day moving average crossing at 4.38 1/2.
December wheat was higher overnight as it extends the trading range of the past four weeks. The high-range close sets the stage for a steady to higher opening when the day session begins trading later this morning. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews the decline off August?s high, the 50% retracement level of this summer?s rally crossing at 6.70 1/2 is the next downside target. If December extends last week?s rally, the reaction high crossing at 7.65 is the next upside target. First resistance is the reaction high crossing at 7.48 1/2. Second resistance is the reaction high crossing at 7.65. First support is the reaction low crossing at 6.77 1/2. Second support is the 50% retracement level of this summer?s rally crossing at 6.70 1/2.
December Kansas City Wheat closed down 18 1/2-cents at 7.34 1/2.
December Kansas City wheat closed sharply lower on Wednesday as it consolidates some of this week?s rally. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this week?s rally, the reaction high crossing at 7.64 1/2 is the next upside target. If December renew the decline off August?s high, the 38% retracement level of the June-August rally crossing at 6.81 1/2 is the next downside target. First resistance is Tuesday?s high crossing at 7.58 1/2. Second resistance is the reaction high crossing at 7.64 1/2. First support is the reaction low crossing at 6.88. Second support is the 38% retracement level of the June-August rally crossing at 6.81 1/2.
December Minneapolis wheat was higher due to short covering overnight as it consolidates some of this week?s decline. The high-range overnight sets the stage for a steady to higher opening when the day session begins trading later this morning. Stochastics and the RSI are overbought and are turning bearish hinting that a short-term top might be in or is near. If December extends the rally off August?s low, the 62% retracement level of August?s decline crossing at 7.81 3/4 is the next upside target. If December resumes the decline off August?s high, the 50% retracement level of the June-August rally crossing at 6.77 3/4 is the next downside target. First resistance is Tuesday?s high crossing at 7.63. Second resistance is the 62% retracement level of August?s decline crossing at 7.81 3/4. First support is the 20-day moving average crossing at 7.20. Second support is the reaction low crossing at 6.87 3/4.
SOYBEAN COMPLEX http://quotes.ino.com/ex changes/?c=grains
November soybeans were lower due to profit taking overnight as it consolidates some of last week?s rally. The low-range overnight close sets the stage for a steady to lower opening when the day session begins later this morning. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off August?s low, last December?s high crossing at 10.60 1/4 is the next upside target. Closes below the 20-day moving average crossing at 10.22 3/4 would confirm that a short-term top has been posted. First resistance is Wednesday?s high crossing at 10.57. Second resistance is last December?s high crossing at 10.60 1/4. First support is the 20-day moving average crossing at 10.22 3/4. Second support is last Thursday?s low crossing at 10.00 3/4.
December soybean meal was lower due to profit taking overnight as it consolidates some of this year?s rally. The low-range close overnight set the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this summer?s rally, the 50% retracement level of the 2008-2009 decline crossing at 315.90 is the next upside target. Closes below last Thursday?s low crossing at 292.60 would confirm that a short-term top has been posted. First resistance is Wednesday?s high crossing at 308.40. Second resistance is the 50% retracement level of the 2008-2009-decline crossing at 315.90. First support is last Thursday?s low crossing at 292.60. Second support is the reaction low crossing at 288.40.
December soybean oil was lower due to profit taking overnight as it consolidates some of last Friday?s rally. The mid-range close sets the stage for a steady to lower opening when the day session begins later this morning. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If December extends this week?s rally, the reaction high crossing at 42.55 is the next upside target. Closes below the 10-day moving average crossing at 40.73 would temper the friendly outlook. First resistance is Wednesday?s high crossing at 41.88. Second resistance is the reaction high crossing at 42.55. First support is the 20-day moving average crossing at 40.91. Second support is the 10-day moving average crossing at 40.73. * Precious Metals Triple Top, What's Next? I am going to step out on a limb in this report and cover what I think to be an intermediate top in the precious metals sector. Everyone I speak with and from the hundreds of emails I get I would say the vast majority are bullish on gold and silver. That being said, I feel we are 3-8 days away from a pop and drop in the price of gold.
Below are my explanation and charts of what I think is unfolding.
Chris Vermeulen
Click here:
* Farmer's Almanac http://www.aolnews.com/nation/article/old-farmers-... * Futures Links To Try
* Re: Visual Guide to Deflation Thanks. * Re: Pastor Terry Jones / NTR You do realize that when we "went after the terrorists", we did it on their land. This time, it might be on the home field. You did see their reaction to a cartoon of Mohammad didn't you? They'd rather give up their virgin daughters than have their religion insulted.
Gonna be an interesting saturday. * Re: Pastor Terry Jones / NTR We shall see. The clock is ticking.
I wonder how many gubmint officials have called him already telling him not to insult the muslims? * Re: One never knows. ntr LOL hayseed .. one of the funniest movie of all times...love the campfire scene LOL !!!!! * Re: America's infrastructure/NTR? From his observation this mob had better extract the digit .....
You might wanna put ya shades on before U click onto this article (gg!!) {you have been warmed}
* Re: One never knows. ntr maybe they even have badges... http://www.youtube.com/watch?v=-lj056ao6GE&NR=1 * Re: America's infrastructure/NTR? LOL! He obviously feels the same way about the DC crowd. (Does he not realize he's part OF the DC crowd?) Birds of a feather, don't cha know. * Pastor Terry Jones / NTR Ya think he'll carry through on the burn? (G)
Personally, I believe he has the right.
I've been waiting for him to ask what the difference is between him burin' the Quaran, in his own country & the military killin' Muslims by the 1,000's...in THEIR own country. They can come here and kill a slew of non-Muslims & he's catchin' he** for even thinking of burning their "bible"? * Re: Any wheat from FRANCE? I do not have any idea how much wheat France could export. I do remember the river flooded over its banks in France and Germany last Spring. The flood should have dimished the quanity they could have had to harvest from the low lands near the main river.
I wonder what Egypt paid the French for what grade of wheat?
* bond bubble sentiment all over IBM div is higher than its bnd yield..
1959, stk yeilds finally dropeed under BND yields,
did taht mean, buy bnds? NO it menat buy stks.. * Re: Any wheat thoughts- yes thewre is too much vs price
* Re: bill gross the socialist no ,, he is looking out for himself
sec will take him in * Visual Guide to Deflation IMO, a pretty cool question & answer session. (G) * Re: America's infrastructure/NTR? He may as well head in that direction after he supposedly made the stmt that the AWU could U know what itself .... Michael Moore's profanity laced reply to Rahm was a lesson in history of how the middle class was established in the US * Re: America's infrastructure/NTR? Ya think Rahm will be your next mayor? (G) * Re: America's infrastructure/NTR? Sorry Jean we don't have the money we spent 1.5 trillion in Iraq and Afghanistan. Or more to the point, some companies made that much. * One never knows. ntr
* SI silver could be toast here - imho
* America's infrastructure/NTR? http://www.infrastructurereportcard.org/states
Lotsa reading, if'n yer inclined. (G) * Julie? Industry police? From post below. They dont hang around "chat rooms" looking for stuff?? or do they?? * Re: Slump likely in iron ore demand The Govn't have been in the process of trying to shutdown the older less energy efficient mills according to the official language.
These older mills have been in direct competition with the State Owned Enterprises when they are buying on the spot market to guarantee supply of ore, forcing up prices .... particularly when the SOEs with the help of the central Govn't are actively engaged in trying to force prices down.
The problem for the Govn't, is the more they try to interfere in the market the closer the producers move to the spot market mechanism of pricing. As it is now pricing has moved down to three month contracts due to interference from the central Govn't. Post A New Message |
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