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Re: User-65225 post# 18104

Monday, 02/16/2009 8:28:37 PM

Monday, February 16, 2009 8:28:37 PM

Post# of 23155
INO.com Monday NAS -1.65 Gold +6.47 S&P -8.35 DOW -82.35 CRB -1.40 USD +0.474

Monday, February 16, 2009 7:56 PM

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The March NASDAQ 100 closed lower on Friday due to profit taking as it consolidated some of Thursday's rally. The mid-
range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 1209.36 are needed to confirm that a double top has been posted while opening the door for a larger-degree decline during the last half of February. If March renews last week's rally, January's high crossing at 1287.00 is the next upside target. First resistance is Tuesday's high crossing at 1286.00. Second resistance is January's high crossing at 1287.00. First support is the 20-day moving average crossing at 1209.36. Second support is the reaction low crossing at 1185.00.
The March S&P 500 index closed lower on Friday due to profit taking as it consolidates below the 20-day moving average crossing at 836.32. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, January's low crossing at 797.00 is the next downside target. Closes above the reaction high crossing at 875.50 are needed to confirm an upside breakout of this winter's trading range. First resistance is the 10-day moving average crossing at 837.92. Second resistance is Monday's high crossing at 872.80. First support is today's low crossing at 806.00. Second support is January's low crossing at 797.00.
The Dow closed lower on Friday and the mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If the Dow extends this week's decline, November's low crossing at 7449 is the next downside target. Closes above the 20-day moving average crossing at 8086 would temper the bearish outlook. First resistance is the 10-day moving average crossing at 8025. Second resistance is the 20-day moving average crossing at 8086. First support is Thursday's low crossing at 7693. Second support is November's low crossing at 7449.
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March T-bonds closed down 3-0/32's at 126-09.

March T-bonds closed lower on Friday due to profit taking as it consolidated some of this week's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 129-01 are needed to confirm that a short-term low has been posted. If March renews this year's decline, the 62% retracement level of the October-December rally crossing at 122-28 is the next downside target. First resistance is the 20-day moving average crossing at 129-01. Second resistance is today's high crossing at 129-15. First support is the 10-day moving average crossing at 127-17. Second support is Monday's low crossing at 125-06. ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy
March crude oil closed sharply higher due to short covering on Friday as it consolidated some of this week's decline. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-
term. If March extends this week's decline psychological support crossing at 30.00 is the next downside target. The high-range close sets the stage for a steady to higher opening on Friday. Closes above the 20-day moving average crossing at 40.82 are needed to confirm that a short-term low has been posted. Closes above the reaction high crossing at 48.59 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 38.67. Second resistance is the 20-day moving average crossing at 40.82. First support is Thursday's low crossing at 33.55. Second support is psychological support crossing at 30.00.
March heating oil closed higher on Friday as it consolidated some of Tuesday's loss but remains below the 10-day moving average crossing at 133.37. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If March renews this year's decline, December's low crossing at 123.96 is the next downside target. Multiple closes above the 20-day moving average crossing at 136.96 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 133.37. Second resistance is the 20-day moving average crossing at 136.96. First support is Wednesday's low crossing at 129.76. Second support is December's low crossing at 123.96.

March unleaded gas closed lower on Friday as it consolidated some of this week's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at 121.23 would temper the near-term friendly outlook in the market. Closes above the reaction high crossing at 131.83 are needed to confirm an upside breakout of this winter's trading range. First resistance is Wednesday's high crossing at 133.73. Second resistance is the reaction high crossing at 140.82. First support is the 10-day moving average crossing at 123.32. Second support is the 20-day moving average crossing at 121.23.
March Henry natural closed slightly lower on Friday as it consolidates below the 10-day moving average. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, last week's low crossing at 4.280 is the next downside target. Closes above Monday's high crossing at 4.880 are needed to renew the rally off last week's low. First resistance is Monday's high crossing at 4.880. Second resistance is the 38% retracement level of January's decline crossing at 5.030. First support is today's low crossing at 4.380. Second support is last week's low crossing at 4.280. CURRENCIES

The March Dollar closed lower on Friday as it consolidates some of Thursday's rally. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. Closes above January's high crossing at 87.40 would renew renews the rally off December's low while opening the door for a possible test of fib resistance crossing at 88.37. Closes below the reaction low crossing at 84.02 are needed to confirm that a short-term top has been posted. First resistance is today's high crossing at 87.12. Second resistance is the reaction high crossing at 87.40. First support is Monday's low crossing at 84.66. Second support is the reaction low crossing at 84.02.
The March Euro closed higher on Friday as it consolidated some of Thursday's decline. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. If March renews this year's decline, fib support crossing at 126.441 is the next downside target. Multiple closes above the 20-day moving average crossing at 129.467 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 129.464. Second resistance is Monday's high crossing at 130.870. First support is last Monday's low crossing at 126.980. Second support is fib support crossing at 126.441.
The March British Pound closed higher on Friday due to profit taking as it consolidated some of Thursday's low but remains below the 20-day moving average crossing at 142.94. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the reaction low crossing at 1.4044 is the next downside target. Closes above the 10-day moving average crossing at 1.4475 are needed to confirm that short-term low has been posted. First resistance is today's high crossing at 1.4410. Second resistance is the 10-day moving average crossing at 1.4475. First support is today's low crossing at 1.4132. Second support is the reaction low crossing at 1.4044.
The March Swiss Franc closed higher on Friday as it consolidates above the 75% retracement level of the December-January rally crossing at .8554. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at .8669 are needed to confirm that a short-term low has been posted. If March renews this year's decline, the 87% retracement level crossing at .8370 is the next downside target. First resistance is the 20-day moving average crossing at .8669. Second resistance is last Tuesday's high crossing at .8778. First support is Tuesday's low crossing at .8491. Second support is the 87% retracement level of the November-December rally crossing at .8370.

The March Canadian Dollar closed higher on Friday due to short covering as it consolidated some of this week's decline. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, January's low crossing at 78.30 is the next downside target. Closes above Monday's high crossing at 82.48 are needed to confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 80.79. Second resistance is Monday's high crossing at 82.48. First support is today's low crossing at 79.60. Second support is January's low crossing at 78.30.
The March Japanese Yen posted an inside day with a lower close on Friday as it consolidated some of Tuesday's rally. The low-
range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. Closes above last Tuesday's high crossing at .11300 are needed to confirm that a short-
term low has been posted. If March renews last week's decline, January's low crossing at .10567 is the next downside target. First resistance is Wednesday's high crossing at .11158. Second resistance is last Tuesday's high crossing at .11300. First support is Monday's low crossing at .10829. Second support is January's low crossing at .10567.
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PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals
April gold closed higher on Friday as it extends the rally off October's low. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near-term. If April extends this year's rally, last July's high crossing at 1005.30 is the next upside target. Closes below the 20-day moving average crossing at 901.40 would confirm that a short-term top has been posted. First resistance is today's high crossing at 954.00. Second resistance is last July's high crossing at 1005.30. First support is the 10-day moving average crossing at 918.20. Second support is the 20-day moving average crossing at 901.40.
March silver closed unchanged on Friday as it consolidates above the 38% retracement level of last year's decline crossing at 13.376. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this year's rally, the 50% retracement level of last year's decline crossing at 14.875 is the next upside target. Closes below the 20-day moving average crossing at 12.379 would confirm that a short-term top has been posted. First resistance is today's high crossing at 13.720. Second resistance is the 50% retracement level crossing at 14.875. First support is the 10-day moving average crossing at 12.960. Second support is the 20-day moving average crossing at 12.379.
March copper closed lower on Friday due to profit taking as it consolidated some of its recent gains. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 151.16 would signal that a short-term top has been posted. Closes below the reaction low crossing at 137.30 are needed to confirm a trading range breakout while opening the door for a possible test of December's low crossing at 125.50. Closes above Monday's high crossing at 165.50 are needed to confirm a trading range breakout and renew the rally off December's low. First resistance is Monday's high crossing at 165.50. Second resistance is the reaction high crossing at 173.35 First support is the 20-day moving average crossing at 151.16. Second support is Wednesday's low crossing at 148.75. FOOD & FIBER http://quotes.ino.com/exchanges/?c=food

March coffee closed lower on Friday as it extends this week's decline below the previous low crossing at 11.410. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. The door is open for a larger-degree decline during February as January's low crossing at 10.605 is the next downside target. Closes above the 20-day moving average crossing at 11.732 are needed to confirm that a low has been posted.
March cocoa closed higher on Friday due to short covering as it consolidates some of Thursday's decline but remains below the 20-day moving average crossing at 27.40. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 27.44 would temper the near-term bearish outlook in the market. If March extends this week's decline, January's low crossing at 23.40 is the next downside target.
March sugar closed higher on Friday as it consolidates above the 50% retracement level of last fall's decline crossing at 13.14. The high-range close set the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If March extends this year's rally, the 62% retracement level of the August-October decline crossing at 13.78 is the next upside target. Multiple closes below the 20-day moving average crossing at 13.01 are needed to confirm that a short-term top has been posted.
March cotton closed lower on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, December's low crossing at 41.31 is the next downside target. Closes above the 20-day moving average crossing at 48.30 are needed to confirm that a bottom has been posted. GRAINS http://quotes.ino.com/exchanges/?c=grains

March Corn closed down 3-cents at 3.63 1/4.

March corn closed lower on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. If March renews this year's decline, the 62% retracement level of the December-January rally crossing at 3.52 3/4 is the next downside target. Closes above Monday's high crossing at 3.83 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 377 1/2. Second resistance is Monday's high crossing at 3.83. First support is last Wednesday's low crossing at 3.56. Second support is the 62% retracement level of the December-January rally crossing at 3.52 3/4.
March wheat closed down 3 1/4-cents at 5.35 1/2.

March wheat closed lower on Thursday and below the 62% retracement level of the December-January rally crossing at 5.37 1/2. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If March renews this week's decline, the reaction low crossing at 5.18 is the next downside target. Closes above Monday's high crossing at 5.77 are needed confirm that a short-term low has been posted.
March Kansas City Wheat closed down 1/2-cent at 5.74 1/2.

Kansas City Wheat closed fractionally lower on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If March renews last week's decline, the 62% retracement level of the December-January rally crossing at 5.65 1/2 is the next downside target. Closes above Monday's high crossing at 6.04 are needed to confirm that a short-term low has been posted.
March Minneapolis wheat closed down 3 1/2-cents at 6.36.

March Minneapolis wheat closed lower on Friday as it extends this week's decline below the 10-day moving average. The low-
range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the reaction low crossing at 6.28 is the next downside targets. From a broad perspective, March is range bound and needs to close above 6.85 3/4 or below 6.24 1/2 to confirm a breakout.
SOYBEAN COMPLEX March soybeans closed down 13-cents at 9.55 1/2.

March soybeans closed lower on Friday as it extended Thursday's breakout below the 10-day moving average crossing at 9.75 3/4. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the reaction low crossing at 9.35 is the next downside target. Closes above the 20-day moving average crossing at 9.87 1/4 would temper the near-term bearish outlook in the market.
March soybean meal closed down $7.00 at $297.70.

March soybean meal closed lower on Friday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. Closes below last week's low crossing at 297.50 would confirm that a short-term has been posted. Closes above the 20-day moving average crossing at 310.60 would temper the near-term bearish outlook. If March renews last week's rally, January's high crossing at 326.00 is the next upside target.
March soybean oil closed up 17 pts. at 33.00.

March soybean oil closed higher due to short covering on Friday as it consolidated some of this week's decline. The high-range close sets the stage for a steady to higher opening on Tuesday. However, stochastics and the RSI are turning bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, gap support crossing at 31.75 is the next downside target. Closes above Monday's high crossing at 34.75 are needed to renew this month's rally. LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

April hogs closed down $0.05 at $63.75.

April hogs closed lower on Friday due to profit taking as it consolidated some of Thursday's rally but remains above the 20-day moving average crossing at 62.78. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If April extends this week's rally, gap resistance crossing at 65.35 is the next upside target. Closes below the 10-day moving average crossing at 61.68 would confirm that a short-term top has been posted. First resistance is Thursday's high crossing at 64.05. Second resistance is gap resistance crossing at 65.35. First support is the 20-day moving average crossing at 62.78. Second support is the 10-day moving average crossing at 61.68.
May bellies closed down $0.60 at $81.50.

May bellies closed lower on Friday due to profit taking as it consolidated some of Thursday's rally. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 82.00 are needed to confirm that a bottom has been posted. If April extends this week's decline, weekly support crossing at 75.50 is the next downside target.
April cattle closed down $0.50 at 87.00.

April cattle closed lower on Friday due to profit taking as it extending this week's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 86.18 would confirm that a short-term top has been posted. If April extends this month's rally, the January 7th gap crossing at 90.95 is the next upside target.
March feeder cattle closed down $0.68 at $94.47.

March Feeder cattle closed lower on Friday due to profit taking as it consolidated some of this week's rally. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are overbought and are turning bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 93.11 would confirm that a short-term top has been posted. If March extends the rally, January's high crossing at 97.90 is the next upside target.

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WINNERS

GCE    SGI GLOBAL CARBON INDEX (EUR)               52.15      0.15  +0.31 

LOSERS

EMX MSCI EMERGING MARKETS INDEX 547.23 -7.08 -1.28


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WINNERS

MELA   ELECTRO OPTICAL SCIENCES                    6.280     2.750  +77.90 
BBND BIGBAND NETWORKS INC 5.54 1.07 +23.94
CSTR COINSTAR INC 27.75 5.16 +22.84
SIF SIFCO INDUSTRIES INC 6.63 1.13 +20.55
ISSC INNOVATIVE SOLUTIONS 5.45 0.81 +17.46
ATMI ATMI INC 16.45 2.43 +17.33
BJRI BJS RESTAURANTS INC 12.11 1.73 +16.67
NILSY JSC MMC NORILSK ADR 6.29 0.74 +13.33
BCA CORPBANCA SA ADS 26.49 3.02 +12.87
ACUR ACURA PHARMACEUTICALS 5.74 0.65 +12.77

LOSERS

LPHI LIFE PARTNERS HOLDINGS 22.61 -6.09 -21.22
SVNT SAVIENT PHARMACEUTICALS 5.92 -1.38 -18.90
GERN GERON CORP 6.36 -1.41 -18.15
EGLE EAGLE BULK SHIPPING INC 5.358 -0.982 -15.49
TGH TEXTAINER GROUP HOLDINGS LTD 7.95 -1.24 -13.49
CAKE CHEESECAKE FACTORY INC 8.47 -1.22 -12.59
DIN DINEEQUITY INC 7.60 -1.08 -12.44
PHK PIMCO HIGH INCOME FUND 7.9800 -1.0801 -11.92
ACEAF ACE AVIATION CL A 5.7500 -0.7773 -11.91
JPM.PR.G JP MORGAN CHS 5.49% PR G 37.00 -5.00 -11.90

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