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Cesarnc's market talk, gossips, rumours & fun

  • #2,601
  • Jan 14, 2008 4:04am Jan 14, 2008 4:04am
Quoting Big Wave Rider
Pound is dropping like a rock against swiss
So against JPY, now that UJ broke out of that dreaded ranging.
  • #2,602
  • Jan 14, 2008 4:15am Jan 14, 2008 4:15am
cesar,

UJ still needs to fall through the floor. This 107 area's been on the trendline support for months if not years
Patience + Humility + Study = Success
  • #2,603
  • Jan 14, 2008 4:23am Jan 14, 2008 4:23am
Quoting DutchTrader
cesar,

UJ still needs to fall through the floor. This 107 area's been on the trendline support for months if not years
I'm not taking long term bets for UJ shorts. Eventually this rate cut sentiment will hit the stock market and Dow will recover.

Carry trades are at premium prices already (to go long). And there will be some furious buying when they are seen bottoming.

210-200 is GJ's hot zone, imo.
  • #2,604
  • Jan 14, 2008 4:26am Jan 14, 2008 4:26am
Quoting cesarnc
I'm not taking long term bets for UJ shorts. Eventually this rate cut sentiment will hit the stock market and Dow will recover.

Carry trades are at premium prices already (to go long). And there will be some furious buying when they are seen bottoming.

210-200 is GJ's hot zone, imo.
There's too much money looking for yield. This, as you pointed out, is just a great buying area for carry.
Patience + Humility + Study = Success
  • #2,605
  • Jan 14, 2008 4:33am Jan 14, 2008 4:33am
Cash pump

an. 14 (Bloomberg) -- Money-market rates in dollars fell the most in four months before the Federal Reserve holds a $30 billion cash auction today as part of central bank efforts to revive short-term lending.

The three-month London interbank offered rate, or Libor, for dollars fell 20 basis points to 4.06 percent, the British Bankers' Association said today. That's the biggest decline since Sept. 19, the day after the Fed lowered its benchmark interest rate a half point. The equivalent euro and pound rates also dropped.


The Fed is offering cash in the first of two $30 billion emergency-cash injections. The European Central Bank plans two $10 billion auctions this month and the Bank of England will offer 10 billion pounds ($19.6 billion) tomorrow. Policy makers are responding to about $100 billion of losses at financial institutions after the collapse of the U.S. subprime-mortgage market.
  • #2,606
  • Jan 14, 2008 4:50am Jan 14, 2008 4:50am
Dow futures spiking up fast. Now +66, so has UJ.

I couldn't find the reason. Anyone?
  • #2,607
  • Jan 14, 2008 4:53am Jan 14, 2008 4:53am
Quoting cesarnc
Dow futures spiking up fast. Now +66, so has UJ.

I couldn't find the reason. Anyone?
IBM earnings way above expectations
Patience + Humility + Study = Success
  • #2,608
  • Edited 5:07am Jan 14, 2008 4:56am | Edited 5:07am
Quoting DutchTrader
IBM earnings way above expectations
Thanks... Now comes the conflicting news up and down... I'm off my carry trades already. 100 and 80, grabbed my piece.

I don't know. Dow spiked to +100 in like 15 min. I don't think it's all on IBM only. There is something going on there.
  • #2,609
  • Jan 14, 2008 5:15am Jan 14, 2008 5:15am
Quoting cesarnc
Thanks... Now comes the conflicting news up and down... I'm off my carry trades already. 100 and 80, grabbed my piece.

I don't know. Dow spiked to +100 in like 15 min. I don't think it's all on IBM only. There is something going on there.
Nope, Just IBM you're underestimating the overreaction to any good news.
Patience + Humility + Study = Success
  • #2,610
  • Jan 14, 2008 5:25am Jan 14, 2008 5:25am
Quoting DutchTrader
Nope, Just IBM you're underestimating the overreaction to any good news.
Maybe you're right...

Or somebody saw people in suit and tie going into Fed's building

I was reading in Greenspan's book that during his time at the Fed, CNBC invented the "briefcase indicator", when the size of it determined whether or not he was to raise rates. The bigger the briefcase, the more worried he would be, the more the chances the rates would rise

http://money.cnn.com/1999/06/29/econ...case/alan1.jpg
  • #2,611
  • Jan 14, 2008 5:25am Jan 14, 2008 5:25am
Quoting cesarnc
Dow futures spiking up fast. Now +66, so has UJ.

I couldn't find the reason. Anyone?
i would be suprised if it didnt, ... china growth, new weekly candle, new year starting today, dolar down, euro up, rate cuts,...no suprise cesar, all expected...
its just money
  • #2,612
  • Jan 14, 2008 5:30am Jan 14, 2008 5:30am
Quoting de123
i would be suprised if it didnt, ... china growth, new weekly candle, new year starting today, dolar down, euro up, rate cuts,...no suprise cesar, all expected...
LOL....

I want to see tomorrow's Citi news. $1 above $24B and financials will tumble again.
  • #2,613
  • Jan 14, 2008 6:43am Jan 14, 2008 6:43am
WTF????????

GigaBeam Corp +125% (NASDAQ)
  • #2,614
  • Jan 14, 2008 6:52am Jan 14, 2008 6:52am
let me ask you guys something, witch daily chart is more accurate the one that start and ends data at n.y. close that will be 5:00pm est or the one thats ends at 00:00-gmt that is tha same as 7:00pm est time.
If I Go Broke Trying Then I Will die happy.
  • #2,615
  • Jan 14, 2008 6:53am Jan 14, 2008 6:53am
TOUCHDOWN!! AU @ .90
Just Trade It
  • #2,616
  • Jan 14, 2008 6:54am Jan 14, 2008 6:54am
Here is what we got this morning in our email box from the CME for the S&P500 markets.

To GLOBEX traders:

Mon Jan 14 03:59:00 2008 EST

GLOBEX has ruled to bust a number of trades which occurred between 01:01 and 01:05 Chicago time in the ranges specified below for each contract:

ESH8 - executions above 1,422 and below 1,398
SPH8 - executions below 1,398
NQH8, NDH8 - executions below 1,906
ZDH8, YMH8, DDH8 - executions below 12,550
EMDH8 - executions below 793.5
NQM8 - executions below 1,922
ER2H8 - executions below 702.3

+ + +

So it will probably effect the equities markets for the rest of the morning at least.
  • #2,617
  • Jan 14, 2008 7:00am Jan 14, 2008 7:00am
BWR,

Least 50 pips in the US session, maybe more.
Patience + Humility + Study = Success
  • #2,618
  • Jan 14, 2008 7:14am Jan 14, 2008 7:14am
I think AU can go to .9095 and fill in the gap on the daily, if it goes higher than that then we could go to new highs. wait and see, but hold your longs for at least a few days.
Just Trade It
  • #2,619
  • Jan 14, 2008 7:17am Jan 14, 2008 7:17am
Quoting Big Wave Rider
I think AU can go to .9095 and fill in the gap on the daily, if it goes higher than that then we could go to new highs. wait and see, but hold your longs for at least a few days.

You're damn skippy I will!!
Patience + Humility + Study = Success
  • #2,620
  • Jan 14, 2008 7:26am Jan 14, 2008 7:26am
Gold hitting 914.xx today.
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