Paint the Table (PTT)

[JXM]

asd

[JXM]

Dear Darlin Foxlette,

a little chart action to watch....the 5min COMP

http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[h,a]iaclyyay[p][vc60][j2943589,y]

[Foxlette]

NEW YORK (CBS.MW) -- The stock averages are looking to stretch their upside to three straight sessions on Friday ahead of an onslaught of economic numbers.

March S&P 500 futures edged up 0.80 point, or 0.1 percent, and were trading 0.60 point above fair value, according to HL Camp & Co. And Nasdaq futures were flat but were about 0.20 point above fair value.

Two of the month's most essential economic reports are due out on Friday. One is the January employment report, with economists surveyed by CBS MarketWatch.com expecting a 27,000 drop in nonfarm payrolls with a nudge up in the jobless rate to 5.9 percent from 5.8 percent. The second is the Institute of Supply Management Index (formerly NAPM), which is expected to post a 49.7 percent reading in January vs. 48.2 percent in December.

Also on the agenda: December construction spending, seen squeaking up 0.2 percent.

Treasury bonds opened on a mixed note, with few willing to take on positions ahead of the day's onslaught of data.

The 10-year Treasury note was up 1/32 to yield 5.04 percent while the 30-year government bond erased 1/32 to yield 5.435 percent.

In the currency sector, the dollar dropped 0.6 percent to 133.96 yen after rallying on Thursday while the euro inched up 0.4 percent to 86.21 cents.

[JXM]

well, the chart is looking perfect for continued downside. 1960 would reverse the trend.

http://www.stockcharts.com/webcgi/Pnf.asp?S=$compq&Y=U&B=10&N=A&T=on

 
  
 2,090.00 /                                                /      X                        /High/ 2,090.00 
 2,080.00 /                                                /  X   X O                      /    / 2,080.00 
 2,070.00 /                                                /  X O X O                      /    / 2,070.00 
 2,060.00 /                                   X            /  X O X O                      /    / 2,060.00 
 2,050.00 /                                   X O          /  X O X O                      /    / 2,050.00 
 2,040.00 /                                   X O          /  X O X O                      /    / 2,040.00 
 2,030.00 /                                   X O X        /  X O   O                      /    / 2,030.00 
 2,020.00 /                                   X O X O      /  X     O                      /    / 2,020.00 
 2,010.00 /                                   X O X O X    /  X     O X                    /    / 2,010.00 
 2,000.00 /                                   X O X O X O X/  X     O X O                  /    / 2,000.00 
 1,990.00 /                                   X O   O X O X/O X     O X O                  /    / 1,990.00 
 1,980.00 /                                   X     O X O X/O X     O   O X                /    / 1,980.00 
 1,970.00 /                                   X     O X O X/O X         O X O              /Avg / 1,970.00 
 1,960.00 /                           X       X     O X O X/O X         O X O              /    / 1,960.00 
 1,950.00 /                           X O     X     O X O X/O X         O   O X            /    / 1,950.00 
 1,940.00 /                           X O X   X     O   O X/1               O X O          /    / 1,940.00 
 1,930.00 /                       X   X O X O X         O X/                O X O X        /    / 1,930.00 
 1,920.00 /                   X   X O X O X O X         O  /                O X O X        /    / 1,920.00< 
 1,910.00 /                   X O X O X O X O X            /                O X O X        /    / 1,910.00 
 1,900.00 /                   X O X O X O X C              /                O X O X        /    / 1,900.00 
 1,890.00 /                   X O   O X O                  /                O X O X        /    / 1,890.00 
 1,880.00 /               X   X     O X                    /                O   O X        /    / 1,880.00 
 1,870.00 /               X O X     O X                    /                    O X        /    / 1,870.00 
 1,860.00 /               X O X     O                      /                    O          /Low / 1,860.00 
 1,850.00 /               X O X                            /                               /    / 1,850.00 
 1,840.00 /               X O X                            /                               /    / 1,840.00 
 1,830.00 /               X O X                            /                               /    / 1,830.00 
 1,820.00 /               X O X                            /                               /    / 1,820.00 
 1,810.00 /               X O X                            /                               /    / 1,810.00 
 1,800.00 /               X O X                            /                               /    / 1,800.00 
 1,790.00 /           X   X O                              /                               /    / 1,790.00 
 1,780.00 /           X O X                                /                               /    / 1,780.00 
 1,770.00 /           X O X                                /                               /    / 1,770.00 
 1,760.00 /           X O X                                /                               /    / 1,760.00 
 1,750.00 /   X       X O X                                /                               /    / 1,750.00 
 1,740.00 /   X O     X O B                                /                               /    / 1,740.00 
 1,730.00 /   X O X   X O X                                /                               /    / 1,730.00 
 1,720.00 /   X O X O X O X                                /                               /    / 1,720.00 
 1,710.00 /   X O X O X O X                                /                               /    / 1,710.00 
 1,700.00 /   X O X O X O X                                /                               /    / 1,700.00 
 1,690.00 / O X O X O   O X                                /                               /    / 1,690.00 
 1,680.00 / O X O X     O X                                /                               /    / 1,680.00 
 1,670.00 / O X O X     O X                                /                               /    / 1,670.00 
 1,660.00 / O   O X     O X                                /                               /    / 1,660.00 
 1,650.00 /     O X     O                                  /                               /    / 1,650.00 
 1,640.00 /     O X                                        /                               /    / 1,640.00 
 1,630.00 /     O                                          /                               /    / 1,630.00 
 1,620.00 /                                                /                               /    / 1,620.00 
 1,610.00 /                                                /                               /    / 1,610.00 
 1,600.00 /                                                /                               /    / 1,600.00 
 1,590.00 /                                                /                               /    / 1,590.00 
                                                            
  
 

[Foxlette]

lets' see if the market follows the chart

warming you up:

NEW YORK (CBS.MW) -- An upgrade from Intel and gains in Oracle after the company reaffirmed its profit target gave techs mileage on Thursday.

Despite a late-day turnaround on Wednesday, performance in the tech realm was spotty. Chip stocks were the main drives of the Nasdaq's ascent while the software and Internet groups couldn't brush off the effect of losses in shares of AOL Times Warner and Veritas Software.

Among shares trading before the official start of the session, Intel (NasdaqNM: INTC - news) ran up 55 cents to $34.41 in European dealings. The stock was upped by Merrill Lynch to an intermediate-term "strong buy" from a "buy" on belief that the launch of the 0.13 micron Northwood will put the chip leader in the best competitive position it's been since 1999.

Investors will also be keeping a close eye on the equipment makers. A rally in the group was stoked on Wednesday by comments from ringleader Applied Materials (NasdaqNM: AMAT - news) , which said at the Banc of America Securities technology conference in San Francisco that a bottom has come and gone for the industry, mirroring similar remarks from other executives.

Oracle (NasdaqNM: ORCL - news) , meanwhile, gained 34 cents to $16.96 in Europe. The company held a call with analysts late Wednesday during which it revealed that it was on track to report fiscal-third quarter earnings of 10 cents a share, in line with current expectations. The software company also said that it expects to make 17 or 18 cents a share in its fiscal fourth quarter, up from the current analyst projections of 16 cents. While Oracle said it expects sales in 2002 to be better than 2001, it added that demand remains below normal.

Turning to the futures markets, the March S&P 500 contract rose 1.00 point, or 0.1 percent, and was trading 2.40 points above fair value, according to HL Camp & Co. Nasdaq futures gained 12.00 points, or 0.8 percent and were trading 11.40 points above fair value.

In earnings news, Dow company Procter & Gamble (NYSE: PG - news) reported fiscal second-quarter earnings that were a sliver ahead of analysts' expectations. Going forward, the consumer products company said it remains "comfortable" with the financial targets already provided for the full fiscal year.

Investors have another bankruptcy filing to ponder: McLeodUSA (NasdaqNM: MCLD - news) filed for Chapter 11 protection as part of an agreement with bondholders to support a recapitalization of the independent competitive local exchange carrier. Communications carrier Global Crossing (NYSE: GX - news) filed for bankruptcy protection on Monday in an effort to reorganize its finances.

Mixed reading for Treasurys
Treasury prices traded mixed after taking a hit on Wednesday following the rally in stocks and more encouraging economic news.

In the meantime, the World Economic Forum kicks off a five-day annual meeting in Manhattan Thursday, which in the past has been held in Davos, Switzerland. Read the related story.

The 10-year Treasury note was off 1/32 to yield 5.015 percent and the 30-year government bond rose 3/32 to yield 5.425 percent.

Investors had plenty of economic new to comb through: weekly initial claims rose 30,000 to 390,000 but stayed below psychologically-charged 400,000 level for the fourth straight week; December personal income rose for the first time in four months, gaining 0.4 percent, more than the 0.3 percent that had been expected; personal spending declined 0.2 percent, surpassing the expected 0.1-percent decline; and the fourth-quarter employment cost index gained 0.9 percent, less than the projected 1-percent rise.

Still on the economic front is the Chicago PMI Index

In the currency sector, the dollar edged up 0.3 percent to 133.11 yen while the euro added 0.1 percent to 86.30 cents

[JXM]

10pt COMP chart....expecting a rally to just under 1940 before heading back down again.

http://www.stockcharts.com/webcgi/Pnf.asp?S=$compq&Y=U&B=10&N=A&T=on

 
 2,100.00 /                                                  /                             /    / 2,100.00 
 2,090.00 /                                                  /      X                      /High/ 2,090.00 
 2,080.00 /                                                  /  X   X O                    /    / 2,080.00 
 2,070.00 /                                                  /  X O X O                    /    / 2,070.00 
 2,060.00 /                                     X            /  X O X O                    /    / 2,060.00 
 2,050.00 /                                     X O          /  X O X O                    /    / 2,050.00 
 2,040.00 /                                     X O          /  X O X O                    /    / 2,040.00 
 2,030.00 /                                     X O X        /  X O   O                    /    / 2,030.00 
 2,020.00 /                                     X O X O      /  X     O                    /    / 2,020.00 
 2,010.00 /                                     X O X O X    /  X     O X                  /    / 2,010.00 
 2,000.00 /                                     X O X O X O X/  X     O X O                /    / 2,000.00 
 1,990.00 /                                     X O   O X O X/O X     O X O                /    / 1,990.00 
 1,980.00 /                                     X     O X O X/O X     O   O X              /    / 1,980.00 
 1,970.00 /                                     X     O X O X/O X         O X O            /Avg / 1,970.00 
 1,960.00 /                             X       X     O X O X/O X         O X O            /    / 1,960.00 
 1,950.00 /                             X O     X     O X O X/O X         O   O X          /    / 1,950.00 
 1,940.00 /                             X O X   X     O   O X/1               O X O        /    / 1,940.00 
 1,930.00 /                         X   X O X O X         O X/                O X O        /    / 1,930.00 
 1,920.00 /                     X   X O X O X O X         O  /                O X O        /    / 1,920.00 
 1,910.00 /                     X O X O X O X O X            /                O X O        /    / 1,910.00< 
 1,900.00 /                     X O X O X O X C              /                O X O        /    / 1,900.00 
 1,890.00 /                     X O   O X O                  /                O X O        /    / 1,890.00 
 1,880.00 /                 X   X     O X                    /                O   O        /    / 1,880.00 
 1,870.00 /                 X O X     O X                    /                    O        /    / 1,870.00 
 1,860.00 /                 X O X     O                      /                    O        /Low / 1,860.00 
 1,850.00 /                 X O X                            /                             /    / 1,850.00 
 1,840.00 /                 X O X                            /                             /    / 1,840.00 
 1,830.00 /                 X O X                            /                             /    / 1,830.00 
 1,820.00 /                 X O X                            /                             /    / 1,820.00 
 1,810.00 /                 X O X                            /                             /    / 1,810.00 
 1,800.00 /                 X O X                            /                             /    / 1,800.00 
 1,790.00 /             X   X O                              /                             /    / 1,790.00 
 1,780.00 /             X O X                                /                             /    / 1,780.00 
 1,770.00 /             X O X                                /                             /    / 1,770.00 
 1,760.00 /             X O X                                /                             /    / 1,760.00 
 1,750.00 /     X       X O X                                /                             /    / 1,750.00 
 1,740.00 /     X O     X O B                                /                             /    / 1,740.00 
 1,730.00 /     X O X   X O X                                /                             /    / 1,730.00 
 1,720.00 /     X O X O X O X                                /                             /    / 1,720.00 
 1,710.00 /     X O X O X O X                                /                             /    / 1,710.00 
 1,700.00 / X   X O X O X O X                                /                             /    / 1,700.00 
 1,690.00 / X O X O X O   O X                                /                             /    / 1,690.00 
 1,680.00 / X O X O X     O X                                /                             /    / 1,680.00 
 1,670.00 / X O X O X     O X                                /                             /    / 1,670.00 
 1,660.00 / X O   O X     O X                                /                             /    / 1,660.00 
 1,650.00 / X     O X     O                                  /                             /    / 1,650.00 
 1,640.00 / X     O X                                        /                             /    / 1,640.00 
 1,630.00 / X     O                                          /                             /    / 1,630.00 
 1,620.00 / X                                                /                             /    / 1,620.00 
 1,610.00 / X                                                /                             /    / 1,610.00 
 1,600.00 / X                                                /                             /    / 1,600.00 
 1,590.00 / X                                                /                             /    / 1,590.00 
 1,580.00 / X                                                /                             /    / 1,580.00 
 1,570.00 / X                                                /                             /    / 1,570.00 
 1,560.00 /                                                  /                             /    / 1,560.00 
 1,550.00 /                                                  /                             /    / 1,550.00 
 1,540.00 /                                                  /                             /    / 1,540.00 
 1,530.00 /                                                  /                             /    / 1,530.00 
   
  
 

[Foxlette]

NEW YORK (CBS.MW) -- The futures markets spiked following news that the economy grew in the fourth quarter. This startled economists, who had expected another contraction like the one witnessed in the third quarter.

Propelled by a 9.2 percent jump in government spending, the advance reading on gross domestic product showed a 0.2 percent increase vs. the expected 1.2-percent decline. The economy contracted at a 1.3 percent rate in the third quarter.

The climb in government spending was attributable to the spike in defense purchases. Consumer spending, meanwhile, rose 5.4 percent in the fourth quarter, mostly due to the surge in auto sales. Investment spending fell 12.8 percent while businesses slashed a record $120.6 billion in inventories.

March S&P 500 futures climbed 4.10 points, or 0.4 percent, and were trading 3.40 points above fair value, according to HL Camp & Co. And Nasdaq futures gained 10.00 points, or 0.7 percent, and were trading around 17.30 points above fair value.

Markets got mauled on Tuesday, pushing the Dow industrials to a two-and-a-half-month low.

In the meantime, the fed's two-day policy-setting meeting will produce a decision at around 2:15 p.m. Wednesday afternoon.

The majority of economists expect the level of the overnight fed funds rate to remain unchanged at 1.75 percent following 11 aggressive rate cuts in 2001 that shaved it by 4.75 percent. See Fed preview story.

Among shares trading in the pre-open, AOL Time Warner (NYSE: AOL - news) edged up10 cents to $26.80 in Instinet. The Internet and media colossus checked in with fourth-quarter cash earnings that matched analysts' expectations. Going forward, AOL said it expects revenue to remain flat in the current quarter vs. last year and to increase 8 to 12 percent in 2002.

Dow stock AT&T (NYSE: T - news) posted a fourth-quarter profit from operations that modestly surpassed the Wall Street consensus estimate. Looking ahead, the company projected a "slight acceleration" in the rate of revenue decline for the first quarter on a sequential basis. AT&T also said that it plans to issue an AT&T Consumer tracking stock later in the year.

Treasurys dip
Government bond prices soured after the stronger-than-expected GDP was released. Prices rallied furiously on Tuesday as stocks nose-dived.

Investors also assessed President Bush's State of the Union address.

Bush urged Congress to push through a fiscal stimulus package to jump-start the stagnant U.S. economy. He said the government would run a small and short-term deficit as long as Congress restrains spending and acts in a fiscally responsible way. Read related story.

In recent dealings, the 10-year Treasury note was off 14/32 to yield 5.00 percent while the 30-year government bond erased 13/32 to yield 5.415 percent.

In the currency sector, the dollar dropped 0.4 percent to 132.90 yen while the euro erased 0.5 percent to 86.08 cents.

The dollar weakened against the yen following a Wall Street Journal article revealing that General Motors complained about the Japanese currency's weakness to Treasury Secretary Paul O'Neill. A weak yen makes Japanese exports more competitive on U.S. markets.

[Foxlette]

yes

of not biting onto a stock too soon

the key to sucess

[Foxlette]

NEW YORK (CBS.MW) -- Stocks are poised for some upside action once trading begins on Tuesday while a two-day Fed meeting is set to commence.

Economists are expecting the Fed to stand pat on rates following 11 cuts in 2001 that took the fed funds rate from 6.50 percent to 1.75 percent. An upbeat speech from central bank chief Alan Greenspan last Thursday squashed all remaining expectations for another helping hand from the Fed. See Economic Preview.

Still, market observers expect the Fed to retain a bias to ease and will be closely scrutinizing the wording in the statement released at the conclusion of the meeting Wednesday afternoon for some cues on the future course of monetary policy.

In economic news, December durable goods orders rose 2 percent, more than expectations for a 1.2 percent climb. Excluding transportation orders, durables gained 1.4 percent and rose 1.7 percent excluding defense.

March S&P 500 futures edged up 0.30 point but were trading around 2.20 points above fair value, according to HL Camp & Co. And Nasdaq futures gained 7.50 points, or 0.5 percent and were trading 11.80 points above fair value.

Among shares changing hands in the pre-open, Texas Instruments (NYSE: TXN - news) traded up $1.60 to $30. After the close Monday, Texas Instruments reported a fourth-quarter loss from operations that was narrower vs. the Thomson Financial/First Call estimate.

Drug giant and Dow component Merck (NYSE: MRK - news) rallied $1 to $58 in Instinet action after announcing its intention to spin off its prescription drug unit, Merck-Medco, as a separate publicly-traded company by mid-2002. Merck said its 2002 outlook for operating earnings in its core pharmaceutical business remains unchanged and said 2003 earnings should grow at a "double-digit" rate.

In earnings news, FleetBoston Financial (NYSE: FBF - news) reported a fourth-quarter loss of 49 cents a share as opposed to a profit of 81 cents a share in the year-ago quarter. The bank took a $538 million after-tax charge to write down loans and set aside funds for Argentina exposure. The company had delayed releasing its results to better gauge the Argentina effect.

Treasury and econ focus
Government bonds traded lower across the board, with the 10-year Treasury note off 7/32 to yield 5.105 percent while the 30-year government bond erased 12/32 to yield 5.50 percent.

Still ahead on the economic front is the January consumer confidence index, seen coming in at 96 from December's 93.7 reading.

In the currency sector, the dollar shed 0.1 percent to 133.38 yen while the euro slipped another 0.1 percent to 86.06 cents

[JXM]

I think that "not biting" is a key ingredient to the success of...ummmmm...well, you know.

[Foxlette]

hehehe

I didn't bite

a warm-up for you suh:

NEW YORK (CBS.MW) -- Shares are set for an upside open on Monday, with the Dow Industrials looking to stretch its winning streak to four straight sessions.

March S&P 500 futures rose 2.70 points, or 0.2 percent, and were trading 2.00 points above fair value, according to HL Camp & Co. And Nasdaq futures gained 11.50 points, or 0.7 percent and were trading 11.90 points above fair value.

The earnings season continues in earnest this week, with 15 percent of S&P 500 companies to report their results, including seven Dow components.

Among shares trading before the official opening bell, Texas Instruments (NYSE: TXN - news) rose to $28 in Europe, up 55 cents from Friday's close. The chip company was upgraded by Credit Suisse First Boston to a "buy" on belief it will "see a bottom either in reported fourth quarter results or in the first quarter of 2002, as macro conditions look to improve." Texas Instruments will reveal its fourth-quarter results after the close Monday, with Thomson Financial/First Call estimating a loss per share from operations of 9 cents.

Government bonds straddled the flat line, with the 10-year Treasury note was off 1/32 to yield 5.07 percent while the 30-year government bond erased 1/32 to yield 5.47 percent.

Monday will see the release of December new homes sales, expected to come in at 924,000, a touch lower from the previous month's 934,000.

In the currency sector, the dollar dropped 0.8 percent to 133.83 yen while the euro plumbed new 6-month low, falling 0.6 percent to 85.96 cents.

[Phil(Hot Rod Chevy)]

It was such a nice number, I could not help myself.

The devil made me do it.

Have fun,
Phil

[JXM]

gee, and I was hoping that sherry was going to go for the 69....oh well, you will have to do...

[Phil(Hot Rod Chevy)]

Tom,

A number near and dear to my heart.

Have fun,
Phil

[JXM]

set you up for some fun with the next grub

[Foxlette]

NEW YORK (CBS.MW) -- Stocks are set to straddle the flat line once trading begins Friday as investors take some time to assess the deluge of earnings reports released this week.

March S&P 500 futures gave up 0.30 point and were trading right at fair value, according to HL Camp & Co. And Nasdaq futures lost 9.50 points, or 0.6 percent and were trading about 11.600 points below fair value.

In shares trading before the opening bell, Qualcomm (NasdaqNM: QCOM - news) changed hands at $41.45, off 26 cents. The telecom outfit reported late Thursday a fiscal first-quarter profit that matched expectations but indicated that sales would decline in the second quarter and that earnings-per-share would come in at around 19 cents to 21 cents, excluding special items, vs. the 24 cents a share that had been expected by Thomson Financial/First Call.

Gateway meanwhile, was a whisper higher in Europe at $6.65. The PC maker (NYSE: GTW - news) posted late Thursday a fourth-quarter profit from operations that modestly surpassed analysts' expectations. The company also announced that it would let go of 2,250 employees and shut down plants in four states.

On the fund flow front, Trim Tabs estimated that all equity funds had outflows of $2.6 billion over the four business days ending Jan. 23 compared with inflows of $3.2 billion in the prior week. And equity funds that invest primarily in U.S. stocks had outflows of $1.6 billion compared with inflows of $2.7 billion the prior week. Finally, bond funds had outflows of $100 million vs. inflows of $800 million the prior week.

Treasurys keep declining
Government bond prices continued to slide as investors came to terms with the notion that the Fed is likely to be on hold when it meets to decide on monetary policy next week.

Fed chief Alan Greenspan gave an upbeat testimony to the Senate on Thursday, squashing all lingering expectations for a 12th Fed rate cut on Jan. 30. Hopes for a last ease were re-ignited by the Fed chief himself on Jan. 11, when Greenspan made remarks on the economy that investors interpreted as overly pessimistic.

The 10-year Treasury note was off 13/32 to yield 5.06 percent while the 30-year government bond erased 13/32 to yield 5.47 percent.

Friday will see the release of December existing home sales, seen coming in at a 5.18 million rate.

In the currency sector, the dollar declined 0.4 percent to 134.23 yen while the euro slid 1.3 percent at 86.58 cents.

[Foxlette]

999 will be the prefect match

sigh, grub envy

[Corran Horn]

I'd delete you if I could.


Plus you're prolly a Tyson fan.

Loser

[JXM]

I got a 666 grub on chorn's thread. He will probably delete it out of spite.

http://www.investorshub.com/boards/read_msg.asp?message_id=255991

Posted by: JXM
In reply to: JXM who wrote msg# 665 Date: 1/24/2002 9:08:07 PM
Post # 666 of 667

grub

[Foxlette]

NEW YORK (CBS.MW) -- A batch of generally favorable earnings news is set to underpin stocks on Thursday ahead of a key speech from Federal Reserve head Alan Greenspan.

Providing additional fuel for the bulls was news that jobless claims fell unexpectedly in the latest week vs. an expected rise. Initial claims, in fact, declined by 15,000 to 376,000 vs. the expected 394,000 level.

March S&P 500 futures piled on 6.00 points, or 0.5 percent, and were trading 5.90 points above fair value, according to HL Camp & Co. And Nasdaq futures rallied 26.00 points, or 1.7 percent and were trading a comfortable 18.40 points above fair value.

Investors looking for clarity regarding Greenspan's stance on the U.S. economy following what was viewed as a murky and pessimistic speech on Jan. 11 will get a second chance Thursday. The Fed chair, in fact, is set to testify before the Senate Budget Committee at 10 a.m. See the preview story .

Lifting the wireless and chip sectors in the pre-open was Finland's Nokia (NYSE: NOK - news) , which presented a better-than-expected quarterly report. The stock was pounded earlier in the week following a downgrade. Shares rose around 8 percent in Europe.

Among other shares trading before the opening bell: Siebel Systems climbed to $37, Corning was a touch higher to $8.50 while Amgen fell to $57.54. All three companies unveiled their results late Wednesday.

Software company Siebel Systems (NasdaqNM: SEBL - news) checked in with fourth-quarter earnings that handily exceeded Wall Street's own estimates.

Fiber-optic outfit Corning (NYSE: GLW - news) posted a fourth-quarter loss from operations of 28 cents a share, a tad narrower than the already lowered First Call estimate.

And biotech giant Amgen (NasdaqNM: AMGN - news) reported a fourth-quarter profit from operations that was a touch lower than the Wall Street consensus estimate.

Treasurys await word from Greenspan
Bond prices coasted close to the unchanged mark ahead of Greenspan' key speech, which comes just days ahead of the FOMC meeting.

The 10-year Treasury note was up 1/32 to yield 5.02 percent while the 30-year government bond erased 2/32 to yield 5.475 percent.

In the currency sector, the dollar rose 0.3 percent to 132.91 yen while the euro was flat at 88.10 cents.

[Foxlette]

NEW YORK (CBS.MW) - U.S. stocks are poised for some upside once trading begins in earnest on Wednesday after an ugly tech beating on Tuesday.

The stock averages, hovering at 2-month lows, have closed lower for two consecutive sessions.

March S&P 500 futures jumped 3.40 points, or 0.3 percent, and were trading about 4.40 points above fair value, according to HL Camp & Co. And Nasdaq futures added 10.50 points, or 0.7 percent and were trading 10.60 points above fair value.

Among shares seeing activity before the opening bell sounds, Motorola rose to $14, up 47 cents. Read Indications. Motorola (NYSE: MOT - news) reported after the close Tuesday a fourth-quarter loss from operations that was a touch better-than-expectations while revenue came in short of projections. The report capped the company's first money-losing one-year period in 71 years. But the chip and wireless phone company reiterated its previous prediction that it will return to profitability in the second half of 2002.

Among other chip stocks, Altera (NasdaqNM: ALTR - news) reported late Tuesday a fourth-quarter profit that was in line with the consensus estimate while revenue came in a touch lower than expectations.

Among the chip equipment makers, Novellus Systems (NasdaqNM: NVLS - news) posted late Tuesday a fourth-quarter profit that slightly surpassed expectations.

Set to aid the equipment group was am optimistic note from J.P. Morgan H&Q. The broker upped its ratings on Applied Materials (NasdaqNM: AMAT - news) , KLA-Tencor (NasdaqNM: KLAC - news) , Novellus, Teradyne (NYSE: TER - news) and Varian Semi (NasdaqNM: VSEA - news) to a "long-term buy" from a "market perform," saying the worst news is likely behind for the group.

Treasury focus
Over in the government bond arena, the 10-year Treasury note shed 2/32 to yield 4.93 percent while the 30-year government bond rose 2/32 to yield 5.385 percent.

No economic news is due out on Wednesday in a week that will see extremely few releases. Fed chair Alan Greenspan's testimony before the Senate on Thursday will represent the highlight for investors looking to figure out what the Fed's next interest-rate move may be.

In the currency sector, the dollar rose 0.2 percent to 133.99 yen while the euro was off 0.1 percent at 88.54 cents.

[Foxlette]

NEW YORK (CBS.MW) -- U.S. shares are poised for gains on Tuesday following the long holiday weekend. The earnings floodgates will be wide open this week, with about 30 percent of S&P 500 companies to reports their results.

In the futures markets, the March S&P 500 contract ascended 6.70 points, or 0.6 percent, and was trading about 7.20 points above fair value, according to HL Camp & Co. Nasdaq futures, meanwhile, rose 18.50 points, or 1.2 percent and were trading 3.50 points above fair value.

Among shares trading before the official opening bell, biotech stock ImClone Systems (NasdaqNM: IMCL - news) is set to put additional pressure on the sector after tumbling almost 30 percent on Friday and losing another 11 percent in the pre-open Tuesday.

A U.S. House committee is launching a probe into the clinical trials for Erbitux and ImClone's dealings with the U.S. Food and Drug Administration.

In the meantime, Credit Suisse First Boston cut its 2003-2004 earnings estimates for Bristol-Myers Squibb (NYSE: BMY - news) on anticipated delays in the launch of Erbitux. Bristol owns 20 percent of ImClone and has licensed the rights to co-market Erbitux.

In the Net sector, Amazon (NasdaqNM: AMZN - news) rallied 12 percent in trading before the opening bell after the e-tailer posted a fourth-quarter profit from operations vs. the expected loss.

And Lucent Technologies (NYSE: LU - news) added 11 cents in Instinet to $6.80 after posting a fiscal fourth-quarter loss that was narrower than expectations. Looking ahead, Lucent said it expects sales to grow 10 to 15 percent sequentially in the second quarter.

Dow companies report
International Paper (NYSE: IP - news) posted a fourth-quarter profit from operations that surpassed Wall Street's expectations, but on lower-than-expected revenue. Going forward, the paper giant it expects a "weak" first quarter and improvement in the second quarter.

And Merck (NYSE: MRK - news) reported fourth-quarter earnings that matched Wall Street's expectations on revenue that surpassed projections. Merck added that it remains comfortable with the outlook provided on Dec. 11, which projected 2002 earnings-per-share to come in at the same level as 2001 and double-digit EPS growth for 2003.

Treasury focus
Government bonds took a hit across the board on expected sturdiness in the stock market.

The 10-year Treasury note slipped 12/32 to yield 4.94 percent while the 30-year government bond erased 10/32 to yield 5.38 percent.

In economic news, December leading economic indicators and the December Treasury budget statement will be out.

This week will be extremely light in terms of economic news. But investors will again hear from Alan Greenspan on Thursday, with the Fed chair scheduled to testify before the Senate Budget Committee.

In the currency sector, the dollar ran up 1 percent to 134.23 yen. The Japanese currency is now trading at its lowest level since September 1998. The euro, meanwhile, changed hands close to flat levels at 88.31 cents.

[Foxlette]

8:25AM: The pre-market tone is negative. S&P futures at 1129, trade ten points below fair value while the Nasdaq 100 pre-market indicator is lower by 27.5 points.

[Foxlette]

8:45AM: Cash market is poised to begin the day on a bullish note as positive earnings reports from the likes of Compaq (CPQ 11.10), Apple (AAPL 20.78), Adv. Micro Devices (AMD 17.91), Symantec (SYMC 66.95), Citigroup (C 49.30), and General Electric (GE 37.67) are helping to reverse yesterday's bearish tide... Other factors contributing to the bullish bias include a Lehman Bros. upgrade of IBM (IBM 117.25) to BUY from Mkt Perform ahead of tonight's earnings report and a better than expected initial claims report, which showed a decline in claims of 14K in the week of Jan. 12 to 384K (consensus 438K)...
Separately, Dec. Housing Starts fell 3.4% to 1.570M (consensus 1.610M) while Building Permits jumped 3.6% to 1.650M (consensus 1.560M)-- levels that remain extremely high given the headwinds of an economic recession and rising mortgage rates... Presently, the S&P futures are 6.20 points above fair value while the Nasdaq 100 PMI is up 24 points

[Foxlette]

NEW YORK, Jan 16 (Reuters) - Stocks are set to open sharply lower on Wednesday on a host of disappointing earnings news and a warning by No. 1 chipmaker Intel Corp. (NasdaqNM:INTC - news) that it was slashing capital spending this year.

Equity index futures were trading lower across the board, led by technology, suggesting a lower open for the high-techs, blue chip stocks as well as the broader stock market.

``The Intel news will be reflected in some of the other technology stocks ... I still think we have further to go on the downside,'' said Bill Punk, managing partner at Punk Ziegel & Company in New York.

Investors were also awaiting the release ahead of the 9:30 a.m. (1430 GMT) market open of some key economic data which could impact trading. These include reports on retail-level inflation and industrial production, both for December, and business inventories for November.

The Federal Reserve, later during the session, releases its Beige Book survey of economic conditions.

Stocks eked out gains after a seesaw session on Tuesday, as signs of resilience in retail sales shored up investors' confidence in an economic rebound and overshadowed worries about sliding corporate profits.

The market flipped back and forth, in and out of positive territory throughout the day, as Wall Street braced for earnings reports from tech bellwethers like semiconductor giant Intel. Stocks ended the session higher, breaking a six-day losing streak for the Dow Jones Industrial Average (^DJI - news).

On Tuesday, the blue-chip Dow rose 32.73 points, or 0.33 percent, to 9,924.15, while the broad Standard & Poor's 500 (^SPX - news) rose 7.78 points, or 0.68 percent, to 1,146.19. The tech-laden Nasdaq Composite (^IXIC - news) advanced 10.17 points, or 0.51 percent, to 2,000.91, a day after breaching the closely watched 2,000-point watermark for the first time since Jan. 2.

Intel after the close reported sharply lower quarterly earnings because of weak demand for personal computers, but both profits and revenues of the top chipmaker topped forecasts amid a bounce in PC sales over the holidays.

Dishing out more negative news, Intel said it does not yet see any signs of an economic recovery and forecast first-quarter sales of $6.4 billion to $7.0 billion, implying revenue either flat or falling as much as 8.3 percent from the fourth quarter.

Shares of Intel fell in after-hours trading as well as in the pre-market on Wednesday, fetching $33.79 on the Instinet electronic trading system, from a close of $34.68.

Makers of semiconductor equipment, like Applied Materials Inc. (NasdaqNM:AMAT - news), tumbled after Intel said it planned to cut its capital spending budget by 25 percent in 2002, below many analysts' expectations. Applied Materials fell to $42.50 pre-open from $45.61 at Tuesday's close.

Stocks of Nasdaq's 100 biggest tech companies slipped about 1 percent.

``Cutting capex doesn't help but forward guidance was also less than what many people had expected,'' Punk said.

Equity futures were trading lower early on Wednesday, flagging a lower Wall Street open. The Nasdaq 100 contact lost 32.50 points to 1,592, suggesting a decline of 2 percent at the open. The Standard & Poor's 500 (^SPX - news) contract was down 7.50 points to 1,141.50 and Dow futures lost 49 points to 9,878.

On the economic front, the Consumer Prices Index (CPI), is due to be released at 8.30 a.m. and is largely expected to paint a tame inflation picture at the retail level last month. Overall, no rise in prices is seen relative to November, and excluding volatile food and energy prices, are seen edging up 0.1 percent vs. 0.4 percent in the prior month.

U.S. Treasury Secretary Paul O'Neill said after the market close on Tuesday the U.S. economy showed signs of shaking off recession, and predicted the country will return to budget surpluses.

Economic fundamentals are in place for a return to growth of between 3 percent and 3.5 percent toward year's end, O'Neill told a retail business group, delivering a forecast roughly in line with those of most Wall Street economists.

Other marquee high-technology companies have issued a mixed bag of earnings news since the close of trading on Tuesday.

Teradyne Inc. (NYSE:TER - news), the world's largest maker of semiconductor testing equipment, reported a fourth-quarter net loss in line with estimates, reversing a year-earlier profit, on sharply reduced sales to chipmakers suffering a prolonged downturn. Shares fell to $32.30 pre-open from $33.50 Tuesday.

EBay Inc. (NasdaqNM:EBAY - news), the Internet auction site, reported another period of robust growth and increased its guidance for the first half of 2002, saying the U.S. recession had not slowed its momentum.

But investors seemed worried the company could not sustain its strong track record forever, despite raised revenue forecasts for the first half of 2002, and started selling the stock late in the day. EBay shares, which had risen 87 cents to close Tuesday's regular trading session at $64.03, were trading around $60.65 after-hours following the release of earnings.

In overseas markets, chipmakers and semiconductor equipment suppliers continued to eat away at European share prices after Intel said it would slash capital spending in 2002.

Tokyo stocks ended mixed on Wednesday, with a slide in chip-equipment makers after a cut in capital spending by Intel offset by a rise in banks on hopes a rescue plan for Daiei Inc was close at hand. The tech-sensitive Nikkei lost 0.30 percent or 30.47 points to 10,177.58.

[JXM]

Some things that I look at. Feel free to add your thoughts.

Bullish
25pt COMP chart has breakage of the BRL and multiple DTs. Recent weakness looks like good buying zone.
http://www.stockcharts.com/webcgi/Pnf.asp?S=$COMPQ&Y=U&B=25&N=A&T=on

Fewer companies (companies going out of business or being acquired), not only means more concentration of business in the survivors, but also means fewer companies where investment dollars can land.

The bearish side of the list significantly outweighs my bullish side. This can be seen as bullish.

War against terrorism is going well (or is perceived to be going well) and it can be a catalyst to some market segments.

Bearish
VIX has bounced off of its lower range and is now rising. A print of 26 would break a DT and be bearish for stocks.
http://www.stockcharts.com/webcgi/Pnf.asp?S=vix.x&N=A&T=on

COMP RSI ain't looking good at all
http://stockcharts.com/def/servlet/SC.web?c=$compq,uu[e,a]da...

COMP at serious trendline and price resistance, right here and now on the 50pt chart.
http://www.stockcharts.com/webcgi/Pnf.asp?S=compx&N=A&T=on

BPCOMP is as high as it has been for the past couple of years
http://www.stockcharts.com/webcgi/Pnf.asp?S=$BPCOMPQ&E=on&N=A&T=on

BPNDX broke down from high levels. Current rebound looks worthy of selling.
http://stockcharts.com/webcgi/pnf.asp?s=$BPNDX

Energy prices seem to be heading higher. Recent pullback looks good for buying (oil, not stocks).
http://www.stockcharts.com/webcgi/Pnf.asp?S=$wtic&N=A&T=on

Gold has been pretty strong lately...all indications are that it is going up.
http://www.stockcharts.com/webcgi/Pnf.asp?S=$GOLD&Y=U&B=3&N=A&T=on

30 year treasury looks to be heading down. My first reaction is that this makes it as a more attractive investment and therefore will take investment money from stocks, but I have no real idea if that is true. But if bond prices are coming down, that means that yields are going up, which means higher interest rates. This too, would like not be a great thing for the market right now.
http://www.stockcharts.com/webcgi/Pnf.asp?S=$USB&Y=U&B=1&N=A&T=on

Consumer and Corporate Debt - need to find the sources on these levels, but as long as we have the debt overhang, I find it difficult to be real bullish

Everybody is 'spectin current earnings to be more positive.

Everyone expects a 2H-02 recovery.

Argentina

Enron

Osama Bin Laden

Israel/Palestine

US/Iraq

Mixed Views
USD seems to be heading up. Good or bad for stocks? Good question.
http://www.stockcharts.com/webcgi/Pnf.asp?S=$USD&Y=U&B=.5&N=A&T=on

[Foxlette]

NEW YORK (Reuters) - Stocks are seen ticking higher at the open on Tuesday as investors await retail sales data and step lightly ahead of earnings reports from key companies such as No. 1 computer chip maker Intel Corp. (NasdaqNM:INTC - news).

Sentiment was lifted somewhat by a number of upbeat earnings releases after the close on Monday from companies such as online brokerage E-Trade Group Inc. (NYSE:ET - news), which helped push stocks up in after-hours trade.

Wall Street also awaited the release ahead of the open of key economic data on retail sales for December, due at 8:30 a.m. EST. Overall, the sales figures are expected to fall 1.4 percent vs. a decline of 3.7 percent in the previous month. Excluding auto sales, the numbers are seen falling 0.1 percent vs. 0.5 percent.

This week marks one of the busiest stretches of the earnings period, with results expected from tech giants Intel, after the close Tuesday. Others reporting this week include International Business Machines Corp. (NYSE:IBM - news) and Microsoft Corp. (NasdaqNM:MSFT - news). Investors are bracing for bad news as the season heats up, with profits overall for the quarter expected to be the worst in a decade -- down more than 22 percent from a year ago.

Intel was a bit higher ahead of the market open, trading at $34.90 vs. a close at $34.84.

Stocks are seen rising modestly at the opening, based on gains in equity-index futures. The Standard & Poor's 500 (.SPX) December contract added 2.70 points to 1,143, the Nasdaq 100 contact rose 5 points to 1,614.50, and Dow futures rose 17 points to 9,912.

``It looks like a modestly higher opening,'' said Lance Zipper, managing director of equity trading at Brean Murray & Co. ``Intel is reporting, and they are a major part of the tech world; I think we'll wait around to see what they are going to say. If they are on target or a little bit better, I think the market will continue to rally as it started at the beginning of the year.''

In after-hours trade on Monday and early Tuesday, stocks edged upward as investors eyed positive earnings news from E-Trade and rent-to-own store operator Rent-A-Center Inc. (NasdaqNM:RCII - news).

E-Trade rose to $12.80 from $12.20 on the Instinet trading system after it said quarterly profits before charges quadrupled from a year earlier, as cost cuts and gains from banking businesses offset a drop in customer stock trading.

Rent-A-Center climbed to $34 late Monday on Instinet from $30.99 at Monday's close after it said it expects to report fourth-quarter earnings above analysts' estimates and raised its guidance for 2002 based on a rise in same-store sales.

But weighing on the market was Tyco International Ltd. (NYSE:TYC - news), the conglomerate which early on Tuesday reported a rise in fiscal first-quarter earnings but warned its current quarterly earnings would fall below Wall Street consensus estimates. Shares closed up 2.15 at $52.40 Monday but fell to $50.50 in pre-open trade Tuesday.

A number of second-tier economic reports are also due either side of the 9.30 a.m. market open. They include retail chain store sales for the week ended Jan. 12 as reported by the Bank of Tokyo-Mitsubishi and UBS Warburg as well as U.S. retail sales at discount, chain and department stores from Instinet Research, covering the same week.

On Monday, stocks sagged amid persistent worries about Corporate America's dwindling profits and advice from Wall Street house Merrill Lynch to cut back on stocks.

On Monday, the tech-laden Nasdaq Composite (.IXIC) fell 31.72 points, or 1.57 percent, to 1,990.74, closing below the psychologically key 2,000 mark for the first time since Jan. 2. The decline was led by firms such as Web gear giant Cisco Systems Inc. (NasdaqNM:CSCO - news), down 58 cents at $19.63, and network computing company Sun Microsystems (NasdaqNM:SUNW - news), off 26 cents at $13.06.

The blue-chip Dow Jones Industrial average (.DJI) slid 96.11 points, or 0.96 percent, to 9,891.42, and the broad Standard & Poor's 500 (.SPX) declined 7.19 points, or 0.63 percent, to 1,138.41.

In overseas markets on Tuesday, Tokyo's TOPIX index (.TOPX) ended at a 39-month low, with tech issues such as Kyocera Corp following their U.S. peers south and the failure of yet another company rekindling concerns about credit risk.

Kyocera, a maker of cellphones, office equipment and digital cameras, lost 5.54 percent, helping shove the TOPIX index of all first-section issues back 1.96 percent. or 19.62 points, to 980.32.

European shares clambered into positive territory by midsession on Tuesday, lifted by strong utilities and telecoms, but steel companies sank after ThyssenKrupp's profit warning, with insurers also weak.

At 8:10 a.m. EST, the Eurotop 300 (.FTEU3) index of Europe's leading blue chips was up 0.2 percent at 1,219 points, still anchored in the middle of a range set last October. The narrower Euro Stoxx 50 (.STOXX50E) was up 0.3 percent.

[Foxlette]

-

12:00PM : The market began the week on just a slightly negative note but the slow deterioration has continued with the Nasdaq Composite back below the 2000 level. Early trading was underpinned to some extent by upticks in the often key semiconductor sector. The group was benefiting from favorable comments on Intel (INTC -0.3% ) from Salomon-- feels Street estimates too low for Q4 and Q1 and order rates should be better their guidance, Taiwan Semi (TSM -1.3%)-- Bear Stearns positive after conversation with company; Micron Tech (MU +0.4%)-- upgraded by Lehman; upgrades on XLNX, ALTR, LSI by Dresdner Klnwrt Wass. There were also upgrades on EMS stocks (SANM, SLR, FLEX, CLS) by CIBC. Unfortunately, the market was unable to build on these positives and instead focused in on the wireless downgrades (Lehman and Wachovia) and the asset allocation shift announced by Merrill Lynch. The firm lowered equity to 50% from 60% and raised bonds to 30% from 20%; stated that equity valuations now seem extreme. A call of this nature will often have only limited impact but in this case with the market averages up extensively off the Sep lows and with the earnings deluge to begin this week (16% of the S&P 500 scheduled), investors have preferred to move to the sidelines. Volume is moderate with market internals firmly in the bearish camp. DOT -4%, SOX -1.2%, XOI -0.6%, NYSE Adv/Dec 1090/1808, Nasdaq Adv/Dec 1106/2230

[Corran Horn]

Oh My God!!!!

[JXM]

what is even worse is that *that* isn't my drool.

[Corran Horn]

That doesn't explain the drool.

[JXM]

yeah, well it is cold here.

[Corran Horn]

Yes I do.. Your teeth are chattering.

[JXM]

LOL!!! You don't scare me hornboy.

[Corran Horn]

You don't have the balls to go up against me.

Delete away. It's a sign of weakness anyway.

[JXM]

well, now that you mention it.......<G>

[JXM]

no personal attacks on this thread...I'll delete your scrawny little butt faster than you can say "I am a wimpy Star Wars character"

[Foxlette]

Jorjio :D

anything I can do to help, let me know

[Corran Horn]

Try a personal attack.

That usually works.

get this thread off the ground a little.

[JXM]

Sherry!
thanks so much. I am going to post a market summary here tomorrow or Monday, see if I can get this thread off the ground a little.

[Foxlette]

Market Close [just for you]

Close Dow -80.33 at 9987.53, S&P -11.13 at 1145.42, Nasdaq -24.78 at 2022.46: On a trading day marked by light total volume, the major averages finished the session in negative ground. Afternoon comments from Federal Reserve Chairman Alan Greenspan served to place pressure on stocks -- the sell pressure materialized despite the fact that his remarks were not much of a surprise. Though Mr. Greenspan indicated it is too early to say an economic recovery is in sight, he did acknowledge that the "unremittingly negative outlook has now turned mixed." Those comments cut in two different directions from an investment perspective. For those investors waiting on an economic recovery, the remarks were a undoubtedly a disappointment. Yet the silver lining for some was that the Chairman clearly left the door open to further easing on interest rates. Fed funds futures did indeed spike and are now pricing in a better than 60% chance of another 25 basis point rate cut...
Outside of Greenspan, investors were mulling over the Producer Price Index (PPI) data which had been released prior to the market open. The PPI fell 0.7% in December while the core rate, which excludes food and energy, dropped 0.1%. Both figures were lower than the consensus estimates of -0.2% and +0.1% respectively. While the inflation data were good news for the market, investors are generally not focused on inflation in the current climate. The primary concern pertains to the timing of an economic recovery which is another reason Greenspan's comments impacted afternoon trade activity...

On the corporate front, both semiconductors and computer hardware held in relatively well on the session. Pre-market research notes on two important names contributed to the relative strength. Merrill Lynch came out positive on Dell Computer (DELL +1.0%), saying channel checks indicate the company is tracking to beat fourth quarter estimates on stronger than expected consumer PC sales during holiday season. The firm believes revenues could come in as high as $7.8 billion vs. the estimate of $7.65 billion and that EPS may come in a penny higher than the consensus of $0.16 per share. As a consequence, the firm reiterated its Strong Buy rating and $35 price target...

Separately, Lehman Brothers' Dan Niles raised estimates for Intel (INTC +0.8%) saying he believes the company will guide capex higher to $7 billion from $6 billion, but has concerns about valuation. Niles believes constraints on production of Pentium 4's will drive average selling prices higher but nonetheless recommends taking profits into the company's January 15th earnings release. DJTA -2.1%, DJUA -0.9%, Nasdaq 100 -1.4%, Russell 2000 -1.1%, SOX -1.0%, S&P Midcap 400 -1.0%, XOI -1.0%, NYSE Adv/Dec 1306/1834, Nasdaq Adv/Dec 1513/2100

3:30PM : Next week, the corporate earnings calendar is much heavier as earnings season swings into full gear. On Tuesday, look for reports from technology bellwether Intel (INTC) as well as optical networker Juniper Networks (JNPR). That's followed by Yahoo! (YHOO) on Wednesday after the close and Dow component Citigroup (C) before the open on Thursday. On the economic front, the Consumer Price Index or CPI is set for release on Tuesday. For a complete list of what to expect next week, please visit Briefing.com's Earnings Calendar and Economic Calendar. DJTA -1.9%, DJUA -0.6%, Nasdaq 100 -0.8%, Russell 2000 -0.5%, SOX -0.5%, S&P Midcap 400 -0.6%, XOI -0.6%, NYSE Adv/Dec 1406/1700, Nasdaq Adv/Dec 1567/1975

[JXM]

General Market Opinion

MER just cut 9000 jobs. You would think that if they saw a turnaround in the economy right around the corner that they would hold on to those folks.

Naz at serious resistance at 2100
http://www.stockcharts.com/webcgi/Pnf.asp?S=compx&N=A&T=on

VIX at very low levels and resting on support
http://www.stockcharts.com/webcgi/Pnf.asp?S=vix.x&N=A&T=on

[JXM]

COMP gives a buy signal on the 10pt chart, but coming up to resistance at 2060. If we don't set a higher high, berry scary.

http://www.stockcharts.com/webcgi/Pnf.asp?S=compx&Y=U&B=10&N=A&T=on

 
 2,060.00 /                                                       X            /           /    / 2,060.00 
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 1,480.00 / O X O X O X                                                        /           /    / 1,480.00 
 1,470.00 / O X O X O X                                                        /           /    / 1,470.00 
 1,460.00 / O X O X A                                                          /           /    / 1,460.00 
 1,450.00 / O X O X                                                            /           /    / 1,450.00 
 1,440.00 / O X O X                                                            /           /    / 1,440.00 
 1,430.00 / O X O X                                                            /           /    / 1,430.00 
 1,420.00 / O X O                                                              /           /    / 1,420.00 
 1,410.00 / O X                                                                /           /    / 1,410.00 
 1,400.00 / O X                                                                /           /    / 1,400.00 
 1,390.00 / O                                                                  /           /    / 1,390.00 
 1,380.00 /                                                                    /           /    / 1,380.00 
 1,370.00 /                                                                    /           /    / 1,370.00 
 1,360.00 /                                                                    /           /    / 1,360.00 
  
 

[mulholland drive]

Thanks...Happy New Year to you, too..


Day 3 and so far so good.

[JXM]

geez, you have it so tough. I bet you don't even get free Pepsis.

[Mattu]

>>If you look at the link that I posted with the chart, you will have your answer<<

LOL! Didn't even see that link. Bob refuses to let me clock my timecard out for the day, so I'm getting a little weezy.

..but I was right about the / thingies. :)

[JXM]

Close enough for gov't work. If you look at the link that I posted with the chart, you will have your answer. I just cut and paste. I wouldn't spin too many cycles on it though. It works.

[Mattu]

Did that work like it's suppost to?

I'm no P&F guy but I don't remember looking at P&F with / ... I remember it being straight up.

Is that right?

If so, I know exactly where the problem is. And I promise not to say it's your browser or inablity to type. :)

MB

[JXM]

BPSPX
http://www.stockcharts.com/webcgi/Pnf.asp?S=$BPSPX&E=on&N=A&T=on

 
   80.00 //               /                                               /           /         /    / 80.00 
   78.00 //               /                                               /           /         /    / 78.00 
   76.00 //X              /                                               /    +      /         /    / 76.00 
   74.00 //X O            /                                               /    X +    /         /    / 74.00 
   72.00 //X O            /                                               /    X O +  /         /    / 72.00 
   70.00 //X O            /                                               /    5 O   +/         /    / 70.00 
   68.00 //1 O X          /                                               /    X O    /+        /    / 68.00 
   66.00 //  O X O        /                            +                  /    X O    /1        /High/ 66.00< 
   64.00 //  O 5 O X      /                            X +             X  /X   X 6    /X        /Avg / 64.00 
   62.00 //  2 X O X O    /                            X O +   +       X O/2 O X O    /X        /    / 62.00 
   60.00 //  O X O X O +  /                            6 O   + 9 + +   X O/1 O X O    /C        /Low / 60.00 
   58.00 //  O X O 7 O X +/                        X   X O     X O X + X O/X O X O    /X        /    / 58.00 
   56.00 //  O X O X O X O/+                   X   X O X O     X O B O X O/X O X O    /X        /    / 56.00 
   54.00 //  O X O X O X O/  +             X   5 O X O X O X   X O X O X O/X O X 7 8  /X        /    / 54.00 
   52.00 //  3   O X 8 X O/    +       X   X O X O X O X O X O X O X O X O/  O X O X O/X        /    / 52.00 
   50.00 //      6   O X O/    X +     X O X O X O X O   O X O X O X C    /  3 X O X O/X        /    / 50.00 
   48.00 //          O X C/1   X O +   4 O X O X O X     O X O X O X      /  O X O   O/X        /    / 48.00 
   46.00 //          O B O/X O X O   + X O   O X O X     7 + O X O X      /  O X     O/X        /    / 46.00 
   44.00 //          O X O/X O X O     X     O X O       +   O X A X      /+ O X     O/X        /    / 44.00 
   42.00 //          9 X O/  O X O     X     O X       +     8   O X     +/  4 X   + 9/B        /    / 42.00 
   40.00 //          O X  /  O X O     X     O X     +           O X   +  /  O X +   O/X        /    / 40.00 
   38.00 //          O X  /  O + O     X     O     +             O X +    /  O +     O/X        /    / 38.00 
   36.00 //          O X  /  +   O X   X         +               O +      /  +       O/X        /    / 36.00 
   34.00 //          O X  /+     O X O X       +                 +        /          O/X        /    / 34.00 
   32.00 //          O X +/      O X O X     +                            /          O/X        /    / 32.00 
   30.00 //          A +  /      2   O X   +                              /          O/X        /    / 30.00 
   28.00 //          +    /          O X +                                /          O/X        /    / 28.00 
   26.00 //               /          3 +                                  /          O/X        /    / 26.00 
   24.00 //               /          +                                    /          O/X        /    / 24.00 
   22.00 //               /                                               /          O/A        /    / 22.00 
   20.00 //               /                                               /          O/X        /    / 20.00 
   18.00 //               /                                               /          O/X        /    / 18.00 
   16.00 //               /                                               /          O/         /    / 16.00 
   14.00 //               /                                               /           /         /    / 14.00 
   12.00 //               /                                               /           /         /    / 12.00 
    
  
 

[JXM]

phil,
thanks, it turns out that we are going to make it a "kid's" table and real detailed stuff won't be necessary.