The market continued its aimless meandering on Thursday. It had a perfect excuse to sell off on the news of massive writedowns from HSBC and a quarterly loss and restatement from NEW, but it didn’t. Common sense tells us that the meltdown in the subprime mortgage business will have serious repercussions, but markets aren’t about…
Liquidity Trader, Professional Edition
No Point of Recognition Yet – WSE Pro
by Lee Adler • • 0 Comments
The Fed added a net of $6.75 billion to the liquidity pool on Thursday. It pumped in $12 billion in 14 day and $7.5 billion in overnight repos against expirations of $12.75 billion, helping the Primary Dealers absorb $11 billion in new T bills issued today. FCBs were active at this week’s auctions. Click here…
Latest Business Headlines
Recovery, What Recovery?
by Lee Adler • • 0 Comments
This report was originally prepared and posted for subscribers to the Wall Street Examiner Professional Edition in printable pdf format on 2/4/07. We invite you to try the service risk free for 30 days. Recovery? What recovery? Behind all the Wall Street hoopla about a US housing market recovery, and behind skyrocketing homebuilder stock prices,…
Gold and Mining Stocks Trader, Professional Edition
WSE Pro Precious Metals Update 02/08/07
by Lee Adler • • 0 Comments
Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for…
Latest Business Headlines, Professional Edition
Mixed Signals Signal Status Quo -WSE Pro
by Lee Adler • • 0 Comments
The market ran up to rising resistance trendlines and stopped, then sold off to support and stopped, closing between the two with minor gains. Shorter term price projections have been hit on the upside but 10-12 month cycle centered moving average projections are rising again. Click here to download complete report in pdf format (Professional…
Liquidity Trader, Professional Edition
No Pressure, No Stress, No Worries – WSE Pro
by Lee Adler • • 0 Comments
The Fed drained $1.5 billion from the liquidity pool on Wednesday, adding $2.5 billion in overnight repos against expirations of $4 billion. The only area evidencing any pressure is the money market where money rates are ticking slightly higher. The stock and bond markets’ buoyancy is even more surprising in view of the fact that…
Latest Business Headlines, Professional Edition
WSE Pro Bellwethers Update 2/07/07
by Lee Adler • • 0 Comments
The charts show the status of 22 large cap bellwether stocks in a representative sampling of leading industry groups. The charts include 13-week cycle centered moving average projections (or 6-7 week if the 13 week cycle projection is not available). WMT, MSFT, and GE, now included in the review. These projections are meant to be…
Gold and Mining Stocks Trader, Professional Edition
WSE Pro Precious Metals Update 02/07/07
by Lee Adler • • 0 Comments
Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for…
Latest Business Headlines, Professional Edition
Pushing The Limits – WSE Pro
by Lee Adler • • 0 Comments
An early selloff held at key trend support levels and the market rebounded to resistance at the top of the recent trend. Resistance lines are uptrending, giving the market room to pop to new highs without breaking out per se. A move to around 1456-62 would remain within the current trend channel. Click here to…
Liquidity Trader, Professional Edition
FCBs Disappoint at Treasury Auctions – WSE Pro
by Lee Adler • • 0 Comments
The Fed drained $2 billion from the liquidity pool on Tuesday, adding $4 billion in overnight repos against expirations of $6 billion. Today’s drain, along with two Treasury auctions put some pressure on stocks early. Money rates were also ticking higher as a result of the huge increase in the size of the 4 week…
