The "up-to-the-minute Market Data" thread

Today's market lofted up and got beat down, like a balloon getting beat by a shovel in a field of crop circles.

I think the charts are showing hammers. The Nasdaq hammer doesn't look that great, the Dow looks decent, the S&P 500 looks awesome. S&P looks like a real trend turning chart. Look at AAPL. AAPL made a beautiful hammer. It looks like the market was easily popped up and then sellers put it in check so that sharp downward angle of the last two weeks stayed in effect. I say this was a seller manipulated day. Things should start turning more gloomy soon and hopefully tomorrow can be a huge down day for the market.

I know somebody will have the exact opposite interpretation.

Bring on the doom. How about those Republicans getting elected?! Gloomy enough? Crash inducing?

Dow Jones futures are down 35.00 at 9750.00.
Dow Index closed Wednesday at 9802.14.

reply to post by Cabaret Voltaire


I suppose there will always be people that think electing a specific flavor of corporate puppet is going to change the status quo.

India buying 200 tons of gold was the 800lb gorilla this week.

India shows hedge-fund savvy with gold grab Sydney Morning Herald

reply to post by Regenmacher


$6.7 billion isn't that much. On Wednesday, AAPL stock traded 17 million shares at $190 for a total of $3.2 billion total transaction value.

I'm sure the gold seller was happy to get the cash. Gold is just like anything else when it comes to trades. There is nothing really special about gold. It makes a terrible sword.

reply to post by Cabaret Voltaire


$7b X 200-300x leverage potential for a tangible asset such as gold = not much ehh? I have noticed it's hard to view the big picture through a fruit flavored microscope too. So here's an idea, let's tell Jobs to sell $7b in AAPL in one lump to see what happens to the company's share price. Since that amount is in no way considered a liquid asset , I'll give you a fire extinguisher so the bagholders err stockholders can't burn Steve at the stake, lol.

So surely you jest, implying an over-leveraged, deflating dollar-based electronic asset is a better monetary sword than any time valued finite resource, especially when the markets are riddled with rampant fraud, fractional reserve derivative absurdity, epic record debts, highly dependent outsourcing from a communist country and all is closing in on a whopper of a fiscal meltdown.

Einhorn nuked Godzilla was the clue of the week, btw

Lol, thanks for the laughs.





[edit on 5-11-2009 by Regenmacher]

Hey Everyone, check out CITDQ it's up 167 %, but yet, CITGQ is -18 %.

What gives?........

Also, check out CITBQ.....up 48%

[edit on 5-11-2009 by tiso_us]

Hmmmm.

A look at the 3 indices, today's close vs. last day of 3rd quarter close (Sept. 30).....

NASDAQ is lower than 3rd quarter ending. (2,105 vs 2,122)
DJIA is higher. (10,006 vs 9,712)
S&P 500 is higher. (1,067 vs. 1,057)

FAZ is the only one of my recent 3 trades that is showing a profit, and very slight at that. It could slip away in an instant.
BGZ and TYP are still showing losses.

All 4 of my picks from earlier this year are lower today than they were on the last day of the 3rd quarter, so I am happy to have sold them at that time. ACAS, C, ETFC, and FNM are all lower than the day I sold them. The financial stocks are the only ones that moved down while the rest of the market seems to be extremely hyped yet fragile.

reply to post by tiso_us


So the ``rumor`` about Goldman Sachs buying CIT stocks between 50 cents and 60 cents was true... So they made a killing today... I wish I would have gotten on that bandwagon...

Originally posted by Vitchilo
reply to post by tiso_us

 

So the ``rumor`` about Goldman Sachs buying CIT stocks between 50 cents and 60 cents was true... So they made a killing today... I wish I would have gotten on that bandwagon...

That's why you don't believe in "rumors" especially in the markets, Right!!!. I believe in my gut instinct, works for me. That's why i sold my CIT stocks three weeks ago. but I didn't know there was a CITDQ or a CITBQ, but i would not invest in those either.

I was mainly wandering why CITGQ was a minus but CITDQ and CITBQ was up. isn't CITGQ, CITDQ, CITBQ the same stocks.

I'm nursing my bearish philosophy here.

How do you think war rumblings will play out in the market? Stocks down? Gold up?

I am thinking we get some Afghanistan related news soon. Perhaps some Iran and Iraq something or other thrown in for massive effect. Total war. Big push type massive movement.

The Evil Dragons and the Media are setting it up... www.abovetopsecret.com...

in times of war the government needs to borrow money, so they will do this by increasing the yield on bonds.

people will then take money out of other forms of investment such as stocks to buy those bonds, causing stocks to go down.
(though i think some stocks may rise, such as u.s. steel and alcoa.)

then gold goes up as well because people view it as safer.
but i dont know gold seems to be at a record high at the moment

my 2 cents

reply to post by peacelove


The gold rush is due to Asian markets manipulation, that has been going for many month already.

I'm going to watch the markets with interest today...

See one of the trigger to signal the next big market drop and a collapsing economy was if the unemployment reached 10.2% we did that today..

Back in FDR's time a 10% unemployment was the official sign of a depression a word no one in a position of power has been willing to admit to...thus far

Stocks are doing okay..kind of... but Commodity Futures are taking a big hit today...well not gold but that is to be expected right?

BRENT CRUDE FUTR (USD/bbl.) 75.520 -2.470 -3.17 11:30
GAS OIL FUT (ICE) (USD/MT) 617.000 -31.000 -4.78 11:29
GASOLINE RBOB FUT (USd/gal.) 191.550 -7.220 -3.63 11:29
HEATING OIL FUTR (USd/gal.) 198.690 -7.070 -3.44 11:30
NATURAL GAS FUTR (USD/MMBtu) 4.634 -0.148 -3.09 11:29
WTI CRUDE FUTURE (USD/bbl.) 77.060 -2.560 -3.22 11:29

CANOLA FUTR (WCE) (CAD/MT) 390.000 -4.600 -1.17 11:27
COCOA FUTURE - LI (GBP/MT) 2113.000 5.000 0.24 11:23
COCOA FUTURE (USD/MT) 3248.000 -28.000 -0.85 11:29
COFFEE 'C' FUTURE (USd/lb.) 140.050 -2.050 -1.44 11:29
CORN FUTURE (USd/bu.) 369.250 -7.250 -1.93 11:29
COTTON NO.2 FUTR (USd/lb.) 66.840 -0.570 -0.85 11:29
FCOJ-A FUTURE (USd/lb.) 116.150 0.800 0.69 11:26
LUMBER FUTURE ($/1,000 board ft.) 212.000 -1.500 -0.70 11:29
OAT FUTURE (USd/bu.) 267.500 -1.750 -0.65 11:20
ROUGH RICE (CBOT) (USD/cwt) 15.160 -0.045 -0.30 11:25
SOYBEAN FUTURE (USd/bu.) 960.750 -11.250 -1.16 11:30
SOYBEAN MEAL FUTR (USD/T.) 289.300 -2.000 -0.69 11:29
SOYBEAN OIL FUTR (USd/lb.) 37.060 -0.560 -1.49 11:29
SUGAR #11 (WORLD) (USd/lb.) 22.510 -0.250 -1.10 11:29
WHEAT FUTURE(CBT) (USd/bu.) 504.750 -7.500 -1.46 11:29
WHEAT FUTURE(KCB) (USd/bu.) 510.000 -7.500 -1.45 11:29
WOOL FUTURE (SFE) (cents/kg) 915.000 -1.000 -0.11 11/06

Those traders dont like the news one little bit

Originally posted by DaddyBare
I'm going to watch the markets with interest today...

See one of the trigger to signal the next big market drop and a collapsing economy was if the unemployment reached 10.2% we did that today..

Back in FDR's time a 10% unemployment was the official sign of a depression a word no one in a position of power has been willing to admit to...thus far

No market downturn here! 10% unemployment means businesses are running that much more efficiently which means higher profit$! BUY!

Remember, the markets are not economic indicators as many think. The markets are in some parallel reality at the intersection of "Speculatorville" and "Denialand".

I thought for sure this week would be the week the markets caught up with the rest of the nation and plummeted, but nope. In fact, as we saw yesterday, the 10k mark seems to be a magical number. Somebody needs the DJIA to be closing at 10k for some reason.

[edit on 6-11-2009 by nydsdan]

reply to post by DaddyBare


Remember that the world belong to the ones on the top while screwing the ones on the bottom, US economy is not different we know who hold the wealth and thanks to the tax payer they get to crap on the rest of us while holding the wealth.

Originally posted by Regenmacher
reply to post by Cabaret Voltaire

 

.

India buying 200 tons of gold was the 800lb gorilla this week.

i agree.... the 200 ton BUY was moderately important---because India is buying at the recent High Price & therefore believes the approaching $1,100 oz. is OK

whats more important is that the IMF was the seller of that tonnage of physical gold.... (thereby reinforcing the global 'Trust' that physical gold does actually exist in vaults around the world)

the IMF has another +200 tonnes of gold to SELL...probably to China...
but that transaction remains to be seen !

the USA contributed some number-of-tonnes to the IMF treasury as a 'price of entry'
(so that transfer of physical gold ingots...reaffirms that nations do actually possess physical gold... ->something that the doomers/gloomers suggest is not the case=== they maintain that bookeeping entries of Future Gold are all that remains of the 'alledged' gold stockpiles in national vaults===

hmmm... was the surprise release of physical gold just a ploy to maintain the Illusion....the illusion that national treasuries can at least provide a modicum of asset value to their Fiat money (with at least 'some' physical gold?)



whoa.... don't want to go down the rabbit hole just yet

reply to post by St Udio


Wait a moment, didn't China took a loan from the IMF a few months ago and them he started to buy gold?

Yes is somewhere bury in the many pages of this thread and now they are to buy more?

Are China and India in some kind of competition to control the gold resources now?

Commodity Futures seriously tanked today but gold is soaring
up 7 dollars... someone is scared and buying up gold like crazy

FDIC closed four more banks taking us to 199 for the year

Gateway Bank of St. Louis St. Louis MO 19450 November 6, 2009 November 6, 2009
Prosperan Bank Oakdale MN 35074 November 6, 2009 November 6, 2009
Home Federal Savings Bank Detroit MI 30329 November 6, 2009 November 6, 2009
United Security Bank Sparta GA 22286 November 6, 2009 November 6, 2009

Small banks in Ga., Mich., Minn., Mo. closed

Originally posted by tiso_us

Originally posted by Vitchilo
reply to post by tiso_us

 

So the ``rumor`` about Goldman Sachs buying CIT stocks between 50 cents and 60 cents was true... So they made a killing today... I wish I would have gotten on that bandwagon...

That's why you don't believe in "rumors" especially in the markets, Right!!!. I believe in my gut instinct, works for me. That's why i sold my CIT stocks three weeks ago. but I didn't know there was a CITDQ or a CITBQ, but i would not invest in those either.

I was mainly wandering why CITGQ was a minus but CITDQ and CITBQ was up. isn't CITGQ, CITDQ, CITBQ the same stocks.

They are all different stocks. The Q's at the ends indicate their bankrupt status. The CITGQ is the old common stock which will be worthless post bankruptcy. The others are the various Preferred stocks which will also be worthless except they will get warrants which could have value if CIT returns to their old glory. These things will trade up and down as traders unwind hedged positions but will eventually fall to near zero if not absolute zero. Only way to play CIT at this point is with the bonds. I calculate they will offer a very attractive return from here but you would need to read the offering statement to come to your own conclusion.