Replies to post #3034 on Sons and Daughters of BBCMF , Dow 30 With Point an

[mick]

United Tech's Pratt & Whitney Power Systems enters into a parts agreement to support Saudi Electric Company; financial terms were not disclosed (UTX) 79.35 +0.62 :

[mick]

Market View: S&P 500 Intraday Pattern (TECHX) 1526.16 +7.41 : Firmer start for the stock market amid early earnings (ORCL, NKE) and the still favorable Fed related momentum (If interested in short term technical patterns read on otherwise stop here). The S&P 500 jumped higher off the open but stalled at resistance noted at 09:37 (1529) and pulled back to support mentioned at 09:52 (1525) and bounced back near but stalled shy of the opening peak. Mentioned yesterday that the index could be considered in a wave 4 off the 1439 low (click for 60 min chart) with the possible end at 1516. The 5 min chart highlights the action off this floor with 1529 this morning possibly a smaller wave three with wave 4 in progress. As long as 1522 (1521.77) is not taken out the favorable pattern is intact.

[mick]

Ensco finalizes definitive drilling contract for ultra-deepwater semisubmersible rig ENSCO 8502 (ESV) 56.20 +1.05 : Co announces that one of its subsidiaries has entered into a definitive drilling contract for ENSCO 8502 with Nexen Petroleum U.S.A., a subsidiary of Nexen Inc. (NXY). The drilling contract calls for a minimum two-year primary term in the Gulf of Mexico, which can be converted to a three or four year term by Nexen prior to commencement of operations. The aggregate day rate rev for the two-year term is expected to be approx $340 mln. The day rate will decrease slightly should the primary term be extended. Any other contract extensions will be at mutually agreed rates and terms. The expected contract term commencement is in the second quarter of 2010.

[mick]

Talisman Energy announces first oil from its Duart development (TLM) 18.80 +0.20 : Co has commenced production from the Duart field approximately two months ahead of schedule.