Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
What do you want to say? Was the call spot on or what? Check out the chart, my lovelies. By Set's necrotic nether regions that was a cracker.
Economic News
Who cares? Look at the chart above... who gives a rat's if same store sales were absolutely woeful?
Fed Open Market Operations
A $6.25 billion repo, of which only 250 million was in T-backed. Big deal... look at the chart, and re-read the call ...
Headline Indices
The market charged out of the blocks on the basis that a group of policitians and parasitic CEOs sat around and told everybody lies about saving the mortgage market. Seriously, it is no wonder that a bunch of Pashtun goatherds can humiliate the US military... a nation of dullards if ever there was one. On a par with the Mycenae, frankly. Or the Spartans. No thought, just mindless dvotion to whatever the Fuhrer says this week.
The Dow Jones Industrial Average advanced +133.40 points (1.09%) to 12373.41 points - however anybody who bought after the first half hour was underwater by the end of the day. The index high for the day was 12469.41, set 90 minutes into the session just 15 points above the short re-entry point outlined in the interim Rant. The low was 12241.56 at the open, but the post-entry low was more than 120 points below the short entry. Check out the piccie again...
Major Advancers in the Dow were
- Amer Intl Group I (AIG) +1.40 (3.13%) to 46.14 on volume of 58.7 million units
- Boeing (BA) +2.43 (3%) to 83.56 on volume of 7 million units
- Merck Co (MRK) +1.22 (2.69%) to 46.53 on volume of 18.3 million units
- Du Pont (DD) +1.19 (2.59%) to 47.12 on volume of 8.2 million units
- Pfizer (PFE) +0.48 (2.16%) to 22.68 on volume of 36.9 million units
Major Decliners in the Dow were
- General Motors (GM) -0.52 (1.92%) to 26.6 on volume of 18.9 million units
- Alcoa (AA) -0.57 (1.67%) to 33.49 on volume of 8.9 million units
- Home Depot (HD) -0.31 (1.08%) to 28.38 on volume of 14.4 million units
- 3M Company (MMM) -0.18 (0.23%) to 79.1 on volume of 2.9 million units
- Honeywell (HON) -0.11 (0.19%) to 57.53 on volume of 5.2 million units
Most Traded Dow stocks-
- Microsoft (MSFT) +0.13 (0.46%) to 28.34 on volume of 83.7 million units
- Citigroup (C) +0.4 (1.55%) to 26.21 on volume of 74.7 million units
- Amer Intl Group (AIG) +1.4 (3.13%) to 46.14 on volume of 58.7 million units
- Intel (INTC) +0.22 (1.06%) to 20.9 on volume of 57.1 million units
- Pfizer (PFE) +0.48 (2.16%) to 22.68 on volume of 36.9 million units
The S&P500 Index advanced +9.73 points (0.73%) to 1348.86 points. The index high for the day was 1362.10, while the low was 1339.36.
The Nasdaq Composite lost 0.02 points (0%) to 2320.04 points. The index high for the day was 2349.55, while the low was 2305.83.
The Nasdaq100 lost 12.55 points (0.7%) to 1780.54 points. The index high for the day was 1812.43, while the low was 1769.62.
The CBOE Volatility Index fell 1.28 points (4.64%) to 26.32 points; the CBOE Nasdaq100 Volatility Index lost 0.86 points (2.96%) to 28.23 points.
NYSE Total Volume totalled 4billion units, while Nasdaq Total Volume totalled 2.22billion units.
| Major Market Statistics | |||
| Index | Close | Gain(Loss) | % |
| Dow Jones Industrial Average | 12373.41 | +133.40 | 1.09% |
| S&P500 Index | 1348.86 | +9.73 | 0.73% |
| Nasdaq Composite | 2320.04 | -0.02 | -0% |
| Nasdaq100 | 1780.54 | -12.55 | -0.7% |
| CBOE Volatiity Index | 26.32 | -1.28 | -4.64% |
| CBOE Nasdaq100 Volatilty Index | 28.23 | -0.86 | -2.96% |
| NYSE Total Volume | 4bn | - | - |
| Nasdaq Total Volume | 2.22bn | - | - |
Precious Metals
Precious metals futures advanced as follows -
| Precious Metal Futures | |||
| Index | Close | Gain(Loss) | % |
| Gold | 908.5 | -18.2 | -1.96 |
| Silver | 1718.0 | -29.0 | -1.66 |
| Platinum | 1907.5 | -31.9 | -1.64 |
| Palladium | 425.50 | -17.90 | -4.04 |
Energy Complex
Energy futures performed as follows -
| Energy Futures | |||
| Index | Close | Gain(Loss) | % |
| Crude Oil | 92.41 | -1.18 | -1.26 |
| Heating Oil | 2.5850 | -0.0194 | -0.74 |
| Gasoline RBOB | 2.3572 | -0.0390 | -1.63 |
| Natural Gas | 8.368 | -0.163 | -1.91 |
| Ethanol | 2.100 | unch | 0 |
Bellwethers
The nine-stock group that makes up the Rant bellwethers advanced on average by 0.9%. The fallout occurred as follows:
- General Electric (GE) up $+0.36 (1.06%) to $34.37 on volume of 30.6 million units.
- Citigroup (C) up $+0.40 (1.55%) to $26.21 on volume of 74.73 million units.
- Wal-Mart (WMT) up $+0.65 (1.31%) to $50.25 on volume of 19.47 million units.
- IBM (IBM) up $+1.39 (1.32%) to $106.53 on volume of 6.19 million units.
- Intel (INTC) up $+0.22 (1.06%) to $20.90 on volume of 57.15 million units.
- Cisco Systems (CSCO) down $0.09 (0.38%) to $23.43 on volume of 55.99 million units.
- Google (GOOG) down $3.0699 (0.59%) to $518.09 on volume of 6.6 million units.
- Fannie Mae (FNM) up $+0.70 (2.35%) to $30.45 on volume of 14.9 million units.
- Freddie Mac (FRE) up $+0.17 (0.59%) to $29.15 on volume of 7.02 million units.
| Currency Futures | |||
| Index | Close | Gain(Loss) | % |
| U.S. Dollar Index | 76.450 | -0.285 | -0.37 |
| British Pound | 1.9580 | +0.0122 | 0.63 |
| Canadian Dollar | 0.9983 | +0.0008 | 0.08 |
| Japanese Yen | 0.9338 | -0.0035 | -0.37 |
| Swiss Franc | 0.9078 | -0.0004 | -0.04 |
| Euro FX | 1.4579 | +0.0078 | 0.54 |
| Australian Dollar | 0.9006 | +0.0002 | 0.02 |
| New Zealand Dollar | 0.78770 | +0.0024 | 0.31 |
