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Santa, is IMOS still looking alright?
IMOS lots of accumulation.. the MMs dont want to let it go yet..
augusta, what would be a good entry to RTK? it came off the highs today and I wanted to get in.
.55 at close on URRE! what do you think about IMOS? accumulation? it sure looks like it..
very good sir. and looks very good for next week!
looks like 54's may fall before the end of the day on URRE
i am, i am professor. very good.
interesting article involving nuclear energy and possibly URRE
DECEMBER 12, 2008, 12:00 A.M. ET
U.S. Plans to Sign Nuclear Pact With U.A.E.
Proposed Cooperation With Middle Eastern Nation Would Face Hurdles in Congress on Proliferation Fears
WASHINGTON -- The Bush administration plans to sign its first nuclear-cooperation agreement with a Middle Eastern nation within the next few weeks, according to a senior U.S. official, raising concerns among congressional critics who say the deal could fuel nuclear proliferation in the region.
The proposed deal with the United Arab Emirates has attracted attention because the U.A.E.'s largest trading partner is Iran. The U.A.E. has served in the past as a transshipment point for technology with military applications headed to Iran.
The move could place President-elect Barack Obama in a political tight spot with a Middle East ally by forcing him to decide whether to push Congress to ratify the agreement. He hasn't taken an official position on the deal. An Obama spokesman declined to comment. The Bush administration has championed the nuclear agreement with the U.A.E. as a model for promoting peaceful nuclear energy while guarding against weapons proliferation.
Rep. Ileana Ros-Lehtinen of Florida, ranking Republican in the House Foreign Affairs Committee, introduced legislation this week that would set conditions before Congress could approve the agreement. It would require that the next president certify the U.A.E. has taken extensive measures to cut off the flow of financing and sensitive technologies into Iran.
The U.A.E. says its nuclear-power program will have extensive safeguards to protect against nuclear materials being diverted. It has pledged to purchase nuclear fuel for its reactors from outside suppliers, rather than developing its own fuel. It says it would store nuclear waste externally. Also, it has agreed to allow monitoring and snap inspections by the United Nations' International Atomic Energy Agency.
In recent months, the U.A.E. signed agreements with two American engineering companies -- Thorium Power Ltd. of Virginia and CH2M Hill of Colorado -- to oversee the development of its nuclear-power program. The U.A.E. has also hired a 30-year veteran of the U.S. Nuclear Regulatory Commission, William Travers, to help run the U.A.E.'s nuclear regulatory body.
"This is a real counterexample to what Iran is doing," said the senior U.S. official Thursday. "We're seeking commitments from nations within the Middle East that they're going to rely on the markets for nuclear fuel."
The Bush administration also is working on nuclear-cooperation agreements with the governments of Saudi Arabia, Jordan and Bahrain. The pacts require Washington to share nuclear fuels, technologies and know-how on the condition that the countries commit to abiding by the Nuclear Nonproliferation Treaty and IAEA safeguards.
The U.A.E. sits on some of the world's largest energy reserves, but its leaders say the country's natural-gas resources are inadequate to match rising demand. "We have determined that nuclear energy is an option the U.A.E. cannot afford to ignore," said Hamad Ali Al Ka'abi, the head of the U.A.E.'s nuclear program, in an interview earlier this year.
The Bush administration initially hoped to sign the nuclear accord with the U.A.E. last month, when Abu Dhabi's crown prince, Sheikh Mohammed bin Zayed Al Nahyan, met President George W. Bush at Camp David, according to people familiar with the visit.
U.A.E. officials decided to delay the official signing over uncertainties about Mr. Obama's position and possible negative reaction from Congress, according to these officials. In 2006, the U.A.E.'s state-owned DP World had to scrap a plan to purchase the U.S. port holdings of Britain's P&O because of opposition in Congress.
The nuclear trafficking network run by Pakistani scientist A.Q. Khan used Dubai in the U.A.E. as one of its major bases, according to investigations of the Khan network. U.S. officials, however, say the U.A.E. has taken major steps to better manage its export controls and guard against money laundering.
what do you think about URE this morning professor? is it a hold for now?
looks very promising professor.
jumped in URE at 5.17 hopefully it rebounds to that level and more.
its looking very good sir! URRE is not cooperating though.. still keeping it santa?
thanks santa. i needed a little slap in the face. youre absolutelly correct about not fighting the tape. live and learn.
does this market want to go higher? based on what??
good one cuzloc. didnt have a chance to watch it this morning..
XLF major support broken, lets see if it holds.
slowly breaking down.. it'll go down I think.
watchin XLF to break 13.. can we do it?
again, lots of layoffs and crappy news out there this morning. this market is remarkably resilient i must say.
good morning everyone.
you know, in order for FAZ to hit that 150 level, most of the financials would just have to touch the lower bolinger band. wish it was that easy but in this environment? who knows..
thanks professor. dont you think that since interest on T bill hit zero investors would want to get out of stocks thus keeping the sentiment bearish for the overall market? it looks like the auto deal will be done tonight from what I've read which could actually drop the stocks (sell on the news thing). dont know just speculating now.
I'm assuming you're still pretty bearish geaux yes? I see that breaking 200 MA comes first then 50 then the trendline you were talking about in this post.
yes.. I'm looking at the 8143 support right now and I believe we break it this time. 7500 looks possible the more I look at it. Playing some ultrashort etfs at the moment but will go long when we hit those resistances pending market action. I'm starting to like AIG, DRYS CHK.. man there will be plenty to choose from.
augusta, do you still stand by your prediction of DOW retesting 7500 area before we move up for good? just curious. cheers!
i'd say its a good close for us today.
looks like that 20 MA on the DOW is serving as a nice resistance now.
20 MA support on the DOW professor? whats your analysis on the situation now?
i think we're stuck at the wrong end of the market this time professor. FAZ is drifting lower and lower
good morning everyone
its crazy.. a heck load of crappy news comes out every minute and this market is like "so what?".
like this one:
http://www.cnbc.com/id/28112901
60 min.
where is that pullback area sir? MA 5?
how are we looking professor? is 915 on SPX our resistance now? seems like DOW keeps pushing it higher.
DOW making new intraday highs..
im looking at FAZ. is there a sell signal soon? how is it looking geaux?
maybe that is what is driving the market.. Oil falling off the cliff. never would have thought that i'd be paying this little for gas. hey, that DXO play with oil at that level would be tremendous.. DXO on the watchlist then..
good morning guys.
Good evening everyone. Just got the subscription to IHUB now. I was looking at the FAZ yahoo board and someone posted an interesting chart of IYG (Financial Services IShares). It clearly shows that we've hit a nice downtrend resistance and will be pulling back. Look at the Wiliams indicator. Totally overbought.Take a look at the link:
http://img352.imageshack.us/my.php?image=iygos0.png
Professor, I do also think that we'll see that pull back. Boy, 145 on FAZ sure does sound nice.
in at 53.8 gheez this thing moves fast.. we'll see where it goes..