International Index Trading

[wayneL]

from the Wall St Examiner today.

"In actions that are unprecedented, at least since the days immediately following 9/11/01, the Fed added a net of $16.5 billion to the market, and scheduled another $18 billion to be injected on Monday"

MP3 file- WSE discussing:

http://feeds.feedburner.com/~r/WallStreetExaminerRadio/~3/111956323/wse42507.mp3

"In actions that are unprecedented, at least since the days immediately following 9/11/01, the Fed added a net of $16.5 billion to the market, and scheduled another $18 billion to be injected on Monday. The Fed did $2 billion in overnight repos, $14.5 billion in 8 day repos and $16 billion in 5 day forward, 3 day repos settling Monday. There were no expirations today. These actions set up $44.5 billion in expirations for next Thursday. They raised the 5 day net to an add of $17.66 billion, after having been at a drain for most of the prior week.

This add is on top of $89 billion in Treasury debt paydowns last week, and $4.6 billion at this week's auctions. The timing of the Treasury auction settlements means that $22.5 billion in paydowns will hit the market on Thursday, but next Monday they will raise $17.5 billion in new cash with the settlement of 2 and 5 year notes and 5 year TIPS. Could that be the reason for the forward repos? If so, it suggests that one or more of the primary dealers may be under stress. My guess would be that it is Countrywide, the only one whose primary business is mortgage banking."

 

[chops_a_must]

Bahahahahahahahahahahaa!

Almost as good as the John Howard reaction figure on the Chaser.

 

[CanOz]

Mini Spain 35 filled the gap nicely. Wasn't in the trade as i had to go out for dinner. I marker my 'would be' entry on the chart with the red line.

One to keep an eye one for shorts.

Cheers,

 

[wayneL]

SPooze bounce off the Pivot Point.

 

[reece55]

And here we go again Wayne......

Apple obviously reported stellar earnings, all to a record high....

With MSFT to come after the close, nothing can stop the rampant bulls from running in the US...... You just don't want to be short in this market at present!

Cheers

 

[wayneL]

And here we go again Wayne......

Apple obviously reported stellar earnings, all to a record high....

With MSFT to come after the close, nothing can stop the rampant bulls from running in the US...... You just don't want to be short in this market at present!

Cheers

Yer, I'm a bull tonight

Waiting for it to take out yesterdays highs (grey dotted line) before getting too excited, still a couple of points away.

I hope my cousins aren't waiting in ambush.

 

[wayneL]

Yer, I'm a bull tonight

Waiting for it to take out yesterdays highs (grey dotted line) before getting too excited, still a couple of points away.

I hope my cousins aren't waiting in ambush.

Bastids! LOL

 

[Edwood]

tough luck Wayne. are you up all night or something?? I nearly made Dow open last night but closed my short before the open unfortunately. did OK shorting the FTSE gap open tho so it all worked out fine in the end

 

[Edwood]

given the weakness in Aus today there could be some follow through into Europe later - FTSE could come off a bit on the back of the miners. unfortunately out of FTSE for the moment - probably prematurely, but short the SMI, Dax and Dow

 

[CanOz]

given the weakness in Aus today there could be some follow through into Europe later - FTSE could come off a bit on the back of the miners. unfortunately out of FTSE for the moment - probably prematurely, but short the SMI, Dax and Dow

Whats your thoughts on the Spain 35 Edwood? More downside i reckon.

Cheers,

 

[Edwood]

Whats your thoughts on the Spain 35 Edwood? More downside i reckon.

Cheers,

hi Can - not sure to be honest I've never looked at it. Haven't got my system in front of me right now but will have a look later. At a guess if the bigger markets are off in Europe it will probably follow suit

Where in China are you? (if you don't mind me asking)

 

[bean]

For interest just read an article
Question can anyone remember what YEAR the DOW last rose 18 out of 20 days.
Its current 8 up 1 down 7 up 1 dow currently 3 up

 

[Edwood]

For interest just read an article
Question can anyone remember what YEAR the DOW last rose 18 out of 20 days.
Its current 8 up 1 down 7 up 1 dow currently 3 up

no idea Mr Bean - must be pretty rare tho I would've thought - 2003?

 

[professor_frink]

afternoon folks,

pretty big day so far on the nikkei- good rewards for anyone dumb enough to step in front of the freight train just after the open, it's now spent the rest of the day working back towards where it started.

 

[bean]

Now if the peson had not mentioned the year in his first sentence I may have thought 1987

However the last time the DOW was up 18 out of 20 days

1929 does history repeat

 

[Edwood]

Now if the peson had not mentioned the year in his first sentence I may have thought 1987

However the last time the DOW was up 18 out of 20 days

1929 does history repeat

if I was a bear I'd be getting excited now Mr B... lucky I'm not hey

howdee Prof! selling down nicely. All this pumping going on in the US, something is up....

 

[CanOz]

hi Can - not sure to be honest I've never looked at it. Haven't got my system in front of me right now but will have a look later. At a guess if the bigger markets are off in Europe it will probably follow suit

Where in China are you? (if you don't mind me asking)

Yes, China. Have you heard the news on the Spanish stock market Edwood? Reports saying it has further to drop, i think it was on the property thread. Anyway the day before yesterday saw a big drop, one to watch anyway.

Cheers,

 

[Edwood]

Yes, China. Have you heard the news on the Spanish stock market Edwood? Reports saying it has further to drop, i think it was on the property thread. Anyway the day before yesterday saw a big drop, one to watch anyway.

Cheers,

oh yeah, I think that bloke was talking more about the fundamental picture for Spanish property and saying the property slowdown would take the market & economy down but not sure that he was referring to a short-term trade - well done if you got one out of it tho!!

 

[Edwood]

China must be an interesting place to be based - I traveled through there in 1999 with Mrs Ed, with a great experience, bet its changed a lot since then tho

 

[CanOz]

Yes, its interesting for sure....just on 18 months here, and i've only just got over the shock.

Heres the last couple of day on the Spanish market. Would have love to have faded that gap up today....too busy to see it on time.

Cheers,