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Vet67to82
Vet67to82
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Vet67to82's Blog : Monday, 8/16/2010 OurCall for the Close

Date August 15, 2010    Comments Comments (7)    Rate this post Recommend This Post (75)   
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MyCall for the close Monday, 8/16/2010 ... preliminary ( stage 1) ... be thee Bull or Bear ... or Neither

( 1) Direxion Daily Financial Bull 3x Shares
Friday, 8/13/2010 FAS Close 19.89 $-0.13 -0.65%
FAS .Bullish .... $20.55 ....or Bearish ... $19.10 ( watch the low!)
---- YTD 84 UP days vs 71 DOWN days ( 4th down day, Last 10 days: 3 up/7 dn )

( 2) Friday, 8/13/2010 DJIA Close 10,303.15 -16.80 (-0.16%) **
DJIA Bullish 10,374.88 (+0.70%) or Bearish 10,208.99 (-0.91%)
---- YTD 87 UP days vs 68 DOWN days ( 4th down day, Last 10 days: 3 up/7 dn )

( 3) Friday, 8/13/2010 S&P 500 Close 1,079.25 -4.36 (-0.40%) **
S&P 500 Bullish 1,088.22 (+0.83%) or Bearish 1068.73 (-0.97%)
---- YTD 84 UP days vs 71 DOWN days ( 4th down day, Last 10 days: 3 up/7 dn )

( 4) Friday, 8/13/2010 NASDAQ Composite Close 2,173.48 -16.79 (-0.77%)

** Note previous posts and the Bearishness, while still greater than that projected for the Bulls, is shrinking

( 1) the S&P 500 Bearish percentage calculation declined from (-1.03%) to (-1.01%) to (-1.00%) to (-0.99%) and now (-0.97%)

( 2) the DJIA Bearish percentage calculation declined from (-0.98%) to (-0.97%) to (-0.96%) to (-0.95%) to (-0.94%) and now (-0.91%)

Even "if one is neither bullish nor bearish!!" ... you'll see a HIGH for the day and a LOW for the day. The above calculations represent a guideline, not a pitch for Bulls, or a pitch for Bears. Everyone is then free to watch day after day whether my posts represent an "honest" attempt to help ... and I DO hope I am helping.
Tags : CSCO   COMP   DJIA   SPX   SPY   FAS   FAZ   AA   AXP   BA   BAC   C   CAT   CCE   CHK   CVS   CVX   DD   DIS   GE   HD   HES   HPQ   IBM   INTC   JCP   JNJ   JPM   KFT   KO   MCD   MMM   MRK   MSFT   PFE. PG   TRV   UTX   YZ   WMT   XOM   ING   SLW   PAAS   GLD   IAU   XAU  

7 Comment(s):

Author Vet67to82     Date August 15, 2010 20:11 Abuse this post Report Abuse
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Friday, 8/13/2010 was the 4th down day for the DJIA, FAS, and the S&P 500 with the last 10 days: 3 up/7 dn for each, respectively.

Seemingly, the bears haven't been able to sweep the legs out from under the bulls and each day we battle back.

Take FAS as one example:
... Date ... Low ... Close
8/9/2010 ... 22.69 ... 23.34
8/10/2010 ... 22.27 ... 22.73
8/11/2010 ... 20.39 ... 20.45
8/12/2010 ... 19.68 ... 20.02
8/13/2010 ... 19.85 ... 19.89
Author Vet67to82     Date August 16, 2010 01:13 Abuse this post Report Abuse
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Hong Kong Monday 12:55 PM New York Monday 00:55 AM

( 1) " Japan shares fall; tech shares among big decliners "
--------- http://www.marketwatch.com/story/japan-shares-fall-tech-shares-among-big-decliners-2010-08-15

( 2) " Asian Shares Lower; Soft Japan GDP Data Hurt Tokyo Stocks "
--------- http://www.marketwatch.com/story/asian-shares-lower-soft-japan-gdp-data-hurt-tokyo-stocks-2010-08-15

( 3) " Japan Q2 GDP much worse than expected "
--------- http://www.marketwatch.com/story/japan-q2-gdp-much-worse-than-expected-2010-08-15

I am certain the Currency Carry Trade has undermined Japan's economic developement for the last dacade plus. Simply, investors, and speculators, could borrow cheaply in the Japanese money market and invest the proceeds in a wide array of assets ranging from US Treasuries to high-yielding emerging market securities, and commodities. In 1996 and early 1997 high interest rates in East Asian money markets and stable dollar exchange rates attracted much of these funds. This strategy pays off as long as the yen does not appreciate and other East Asian currencies, now a basket of currencies, remains firmly (narrowly) pegged to the US dollar.

The strategy, now applied with excessive leverage, is keeping money out of the hands of the Japanese majority, that might create jobs and growth, ( and yen appreciation ) and in the hands of the ETFs, hedge funds, global rich, etc. minority, there is little left over to loan into the economy. Jobs and growth could translate into a stronger yen, and possibly inflation,.. clearly detrimental to the Currency Carry Trade's current beneficieries.

When the gov't of Japan finally catches a clue, I expect to see a moderate to severe limit imposed on the percentage of loans, and Japanese bank and financials capital entrusted to the Currency Carry Trade, forcing them to look elsewhere to generate revenue. While this may imply greater risk on loans into the economy, it should spark the Japanese economy to growth, and the yen will appreciate. The Currency Carry Trade will need to find a new country to exploit.

The overleverage, excessive speculation in currencies, commodities, and debt, requiring massive hedging through, and with, derivatives, and swaps, etc. needs to be tempered before we see another global meltdown that no one recovers from.
Author Vet67to82     Date August 16, 2010 01:27 Abuse this post Report Abuse
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FOREX-Yen rises as high-yielders slip; eyes on govt, BOJ
-- http://www.reuters.com/article/idUSTOE67F02X20100816

" TOKYO, Aug 16 (Reuters) - The yen rose broadly on Monday as high-yielding currencies and Asian equities faltered, with talk of possible demand from Japanese exporters and investor fund repatriation lending the yen additional ... "
Author Vet67to82     Date August 16, 2010 12:59 Abuse this post Report Abuse
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What's happening to Japan doesn't have to happen to the USA. We need jobs. Clearly, getting people back to work will solve many of our USA's economic problems. I just read a great article: Contrarian Chronicles 8/13/2010 6:00 PM ET " A patently obvious way to add jobs " on MSN Premium's MSN.Money

-- http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/a-patently-obvious-way-to-add-jobs.aspx

Help on the employment front? All it should take is a little invention, and that help is waiting for us at the underfunded patent office.

By Bill Fleckenstein
MSN Money

" Over the past decade, I certainly have spent plenty of time pointing out both potential and actual problems this country faces, with none more severe than the protracted nature of the current employment situation.

How many are really unemployed?
As the financial crisis was unfolding in late 2008 and early 2009, I actually thought for a while that the incoming Obama administration might try to do something intelligent regarding incentivizing jobs. That was 100% incorrect. The only incentives it has created are ones not to hire more employees, which has only made a bad .... "

... for the rest, go to the above link.
Author Vet67to82     Date August 16, 2010 13:09 Abuse this post Report Abuse
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Author Vet67to82     Date August 16, 2010 13:10 Abuse this post Report Abuse
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Boeing gets OK to start 787 pilot training courses 8/16/2010 12:47 PM
Blackberry to give India partial access: source 8/16/2010 12:45 PM
Advanced Energy Industries names new CFO 8/16/2010 12:40 PM
Changes proposed in dredging of Hudson River PCBs 8/16/2010 12:37 PM
Summary Box: Medco will acquire United BioSource 8/16/2010 12:37 PM
Limited Brands declares 15 cents dividend 8/16/2010 12:36 PM
Obama launching 3 days of fundraising travel 8/16/2010 12:36 PM
Synutra shares up following Health Ministry report 8/16/2010 12:34 PM
FDA poised to recall unproven blood pressure drug 8/16/2010 12:32 PM
World diamond trading group bans Zimbabwe stones 8/16/2010 12:32 PM
Transocean names Talbert as vice-chairman 8/16/2010 12:28 PM
Rachael Ray launches iPhone food shopping app 8/16/2010 12:28 PM
Stocks reverse course, rise modestly 8/16/2010 12:27 PM
Medco Health will buy United BioSource for $730M 8/16/2010 12:26 PM
Oil hovers under $76 amid demand doubts 8/16/2010 12:24 PM
Wis. factory hosting Obama got $1.3M federal loan 8/16/2010 12:23 PM
Florida's top lawyer seat is an open race 8/16/2010 12:21 PM
Vitacost.com shares fall as CEO quits 8/16/2010 12:18 PM
Illinois sales tax holiday over; outcome unclear 8/16/2010 12:18 PM
AFL-CIO puts weight behind Minn. Dem gov hopeful 8/16/2010 12:16 PM
Author Vet67to82     Date August 16, 2010 17:43 Abuse this post Report Abuse
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Alerts Symbol Bid[tick] Ask Price $ Chg % Chg PrevClose Open Volume Action
aa $10.59[+] $10.60 $10.60 -0.04 -0.38% $10.64 $10.56 14,569,287
axp $41.51[+] $41.54 $41.54 -0.19 -0.46% $41.73 $41.53 7,156,146
ba $64.40[-] $64.42 $64.40 -0.44 -0.68% $64.84 $64.27 2,990,136
bac $13.19[+] $13.21 $13.19 -0.04 -0.3% $13.23 $13.13 99,459,584
cat $68.49[-] $68.52 $68.49 0.48 0.71% $68.01 $67.62 5,391,351
csco $21.90[+] $21.92 $21.91 0.55 2.57% $21.36 $21.24 88,595,657
cvx $77.70[+] $77.73 $77.71 0.31 0.4% $77.40 $77.11 7,284,605
dd $40.39[+] $40.41 $40.39 0.07 0.17% $40.32 $40.09 3,413,115
dis $33.64[+] $33.66 $33.66 -0.02 -0.06% $33.68 $33.44 6,917,776
DJI $0.00[] $0.00 $10,302.01 -1.14 -0.01% $10,303.15 $10,303.07 1,460,352
ge $15.46[+] $15.47 $15.46 0.08 0.52% $15.38 $15.29 56,368,997
hd $27.38[+] $27.40 $27.38 0.07 0.26% $27.31 $27.50 12,131,795
hpq $40.55[+] $40.57 $40.55 0.1 0.25% $40.45 $40.51 22,863,122
ibm $127.74[+] $127.78 $127.77 -0.1 -0.08% $127.87 $127.47 4,009,130
intc $19.45[-] $19.47 $19.47 0.32 1.67% $19.15 $19.14 48,633,151
jnj $58.00[-] $58.02 $58.01 -0.14 -0.24% $58.15 $57.99 8,727,243
jpm $37.67[+] $37.69 $37.69 0.19 0.51% $37.50 $37.32 28,308,004
kft $29.43[-] $29.45 $29.45 -0.05 -0.17% $29.50 $29.32 5,439,474
ko $55.88[+] $55.89 $55.88 0.15 0.27% $55.73 $55.51 6,951,124
mcd $71.77[+] $71.79 $71.79 -0.1 -0.14% $71.89 $71.76 4,935,645
mmm $83.39[+] $83.43 $83.43 -0.58 -0.69% $84.01 $83.33 2,335,847
mrk $34.96[+] $34.99 $34.97 -0.03 -0.09% $35.00 $34.77 6,886,492
msft $24.55[+] $24.57 $24.50 0.1 0.41% $24.40 $24.36 40,894,741
pfe $16.02[+] $16.03 $16.03 -0.05 -0.31% $16.08 $15.98 36,229,828
pg $59.74[+] $59.78 $59.77 -0.05 -0.08% $59.82 $59.63 13,138,091
t $26.65[+] $26.67 $26.65 -0.07 -0.26% $26.72 $26.63 19,857,266
trv $49.89[+] $49.92 $49.91 -0.23 -0.46% $50.14 $49.81 3,512,936
utx $70.35[+] $70.36 $70.35 -0.35 -0.5% $70.70 $70.20 2,594,821
vz $29.96[+] $29.97 $29.96 -0.07 -0.23% $30.03 $29.94 14,078,942
wmt $50.40[+] $50.41 $50.41 0.01 0.02% $50.40 $50.17 9,647,557
xom $59.83[-] $59.88 $59.88 -0.03 -0.05% $59.91 $59.60 14,295,462

8/16/2010 4:46:59 PM ET
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