Wow, so we got a hangman overnight.
What is your view, richtan?
richtan ( Date: 15-Jul-2009 10:11) Posted:
Below is my daily chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments.
This is only my view n I may be right or wrong, so dyodd.
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Thanks for your compliments but I still see some clown
(must be some pest/clone tat has an axe to grind with me,
forbidden by admin to taunt me, thus abusing and venting his/her anger thru this avenue)
giving me "bad ratings" for nearly every of my postings, though I ignore it as it does not really bother me and I will keep sharing.
I really hope fellow forumers who appreciate my sharings to neutralise this bad rating to show your support.
To learn more about TA, search for the thread "Learning TA" which I had created, hope you too can master TA
and share with us to exchange pointers.
U can also click on my nick to read all my past posts on advice to newbies and the 3 golden mantras
shweli ( Date: 15-Jul-2009 10:42) Posted:
Hi richtan, I m a newbie. I had learnt a lot from your chart analysis. Keep going. Thanks for all. Cheer!
richtan ( Date: 15-Jul-2009 10:11) Posted:
Below is my daily chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments.
This is only my view n I may be right or wrong, so dyodd.
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Below is my daily chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments.
This is only my view n I may be right or wrong, so dyodd.
Hi pilotish , the characteristics of Bollinger band reflects the share price movement , share price changes tend to occur after the bands tighten ,as less volatility in the share price .When share price moves outside the bands , a continuation of the trend is implied . Bottoms n tops made outside the bands also followed by bottoms n tops made inside the bands , this may indicate for a reversal in the trend .A move that starts at one band tends to go all the way to other band , this can almost project the price target .
pilotfish ( Date: 14-Jul-2009 23:13) Posted:
Hi bintang or el7888
Can give your view on the bollinger bands.
thanks |
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Treasuries Fall as Retail Sales Rise, Reducing Demand for Debt
By Cordell Eddings
July 14 (Bloomberg) -- Treasuries fell for a second day as sales at U.S. retailers rose more than expected in June, adding to signs the steepest recession in 50 years may be easing and crimping demand for the relative safety of government debt.
Ten- and 30-year securities pared losses as the
Standard & Poor’s 500 Index, which yesterday rose the most in six weeks, fluctuated between gains and losses. Prices paid to U.S. producers rose in June by twice as much as forecast. U.S. Treasury Secretary
Timothy Geithner said today the world economy is on a “gradual” path to recovery.
“The economic numbers are a positive because it shows that some of what the Fed has been doing has been working,” said
Ajay Rajadhyaksha, head of U.S. fixed-income strategy in New York at Barclays Capital Inc. “They have been trying to induce some inflation to make sure disinflation or deflation don’t occur, so this bodes well for their efforts.”
The
yield on the 10-year note rose seven basis points, or 0.07 percentage point, to 3.42 percent at 10:13 a.m. in New York, according to BGCantor Market Data. The price of the 3.125 percent security maturing in May 2019 fell 17/32, or $5.31 per $1,000 face amount, to 97 18/32.
President Barack Obama and Fed Chairman Ben S. Bernanke have committed $12.8 trillion to thaw frozen credit markets and snap the longest U.S. economic slump since the 1930s.
Sales, Prices
The 0.6 percent increase in
retail sales was larger than forecast and the biggest gain since January, Commerce Department figures showed today in Washington. Purchases excluding automobiles and gasoline dropped for a fourth consecutive month.
Prices paid to U.S. producers rose 1.8 percent in June, twice as much as anticipated, led by surging gasoline costs. The increase followed a 0.2 percent gain in May, the Labor Department said in Washington. Excluding food and fuel, so- called core prices rose 0.5 percent.
Goldman Sachs said net income in the three months ended June 26 was $3.44 billion, or $4.93 a share, the New York-based bank said today in a statement. That surpassed the $3.65 per- share average estimate of 22 analysts surveyed by Bloomberg and compared with $2.09, or $4.58 per share, in last year’s second quarter.
“The main driver in the market will be earnings performance,” said
Thomas L. Di Galoma, head of U.S. rates trading at Guggenheim Capital Markets LLC, a New-York based brokerage for institutional investors. “By all indications it will be quite good today which puts pressure on bonds.”
Credit Markets
Treasuries rose earlier as the Fed prepared to
purchase notes due from May 2011 to April 2012 today, the first of four buybacks over the next two weeks. The period coincides with a lull in the Treasury Department’s record borrowing schedule, with the next auction of coupon-bearing securities on July 27.
The Fed said in March it would buy as much as $300 billion of Treasuries over six months in an effort to reduce borrowing costs. Declining 10-year note yields, which have fallen about 60 basis points since touching 4 percent on June 11, have helped the central bank’s mission. Thirty-year fixed-rate mortgages were at 5.30 percent July 13, down from as high as 5.74 percent last month, according to North Palm Beach, Florida-based Bankrate.com.
The government more than doubled note and bond offerings to $963 billion in the first half of 2009 as it tries to end the recession. It may sell another $1.1 trillion by year-end, according to Barclays Plc, one of the 17 primary dealers that trade with the Fed. The second-half sales would be more than the amount sold in all of 2008.
Treasuries have returned 1.1 percent in July, after a 4.5 percent first-half loss that was the most in 30 years, on speculation the U.S. recession will last into 2010. German government bonds rose 0.9 percent this month and Japanese securities gained 0.3 percent, according to indexes compiled by Merrill Lynch & Co.
Consumer Prices
The difference between rates on 10-year notes and Treasury Inflation Protected Securities, or TIPS, which reflects the outlook among traders for consumer prices, narrowed to 1.54 percentage points from as wide as 2.13 percentage points in June, which was the most in 2009. The spread has averaged 2.21 percentage points over the past five years.
The financial crisis, which started with the collapse of the U.S. property market in 2007, has triggered $1.47 trillion of writedowns and credit losses at banks and sent the global economy into its first recession since World War II.
Geithner said he sees several indications of stabilization and improvement in the U.S., along with “initial signs” of global progress. Government intervention across the world “substantially reduced the risk of much deeper and more prolonged global recession,” he said in Jeddah, Saudi Arabia.
Libor-OIS
Government and central bank efforts to revive credit markets that froze last year are showing some signs of success.
The London interbank offered rate, or
Libor, for three- month dollar loans was 0.51 percent today, near a record low. Libor is 26 basis points more than the upper end of the Federal Reserve’s target rate for overnight loans between banks, the narrowest difference since March 2008.
The Libor-OIS spread, which measures banks’ willingness to lend to each other, narrowed to 31 basis points from 364 basis points in October. Former Fed Chairman
Alan Greenspan said he would not expect a return to “normal” before markets reach 25 basis points.
To contact the reporters on this story:
Cordell Eddings in New York at
ceddings@bloomberg.net.
Last Updated: July 14, 2009 10:15 EDT
Below is my daily chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start
making unconstructive comments.
This is only my view n I may be right or wrong, so dyodd.
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