Message-ID: <3903234.1075853104016.JavaMail.evans@thyme> Date: Mon, 29 Oct 2001 14:36:51 -0800 (PST) From: evening@ino.com To: mike.grigsby@enron.com Subject: Trader, Monday CRB +1.18 USD -1.32 DOW -275.67 S&P -26.31 NAS -69.44 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: INO.com X-To: Grigsby, Mike X-cc: X-bcc: X-Folder: \MGRIGSB (Non-Privileged)\Deleted Items X-Origin: Grigsby-M X-FileName: MGRIGSB (Non-Privileged).pst M O N D A Y E V E N I N G E X T R E M E M A R K E T S A complimentary service from INO.com ( http://www.ino.com/ ) Monday: The CRB Index has climbed 1.18 points to 185.67. The US Dollar Index edged lower 1.32 points to 114.33. The Dow Industrials moved down 275.67 points, at 9269.50, while the S&P 500 moved lower 26.31 points, last seen at 1078.30. The Nasdaq Composite fell 69.44 points to 1699.52. _____________________________________________________________________ *TWO FREE VIDEOS ON OPTIONS TRADING! 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That's why I immediately began following this strategy...way back when I first learned of it. The results blew me away! Every trade - every last one - has been profitable since. Take a look for yourself. The phenomenal record was no pipe dream. Trade after trade, it has proven to be the trading system of a lifetime. http://store.ino.com/sale/1E78A/TWSP-Uncanny The Science of Automatic Option Profits! Order Toll Free 800-538-7424 - 410-867-7424 All claims on third-party products are made by the publisher and not by INO.com. All Products Guaranteed. _____________________________________________________________________ E X T R E M E M A R K E T C O M M E N T A R Y _____________________________________________________________________ LIVESTOCK: December live cattle closed up $0.65 at $67.95 today. The big rally in the hogs supported the cattle futures today, as did short covering. Prices scored a mildly bullish "outside day" up on the daily bar chart today--whereby the high was higher and the low was lower than the previous session's trading range, with a higher close. December lean hogs closed up $1.80 today at $49.65. A bullish monthly USDA hogs and pigs report Friday-- showing a smaller pig crop than last year--boosted futures sharply higher today. Ideas this week's kill will be less than last week's also lent strength to futures prices today. GRAINS: December corn futures closed 2 cents lower at $2.03 1/2 today. Prices dropped to a fresh contract low today on fund selling. The market feels pressure from harvest and uninspired demand. After today's decline, I don't think there's much downside left in corn. January soybeans closed unchanged at $4.34 1/4 today. More solid export demand, in the form of strong weekly export inspections data today, failed to push the market higher. While prices could retest the contract lows scored last week, or even drop below them, I do think the downside from present price levels is limited. December Chicago SRW wheat closed off 3 3/4 cents at $2.91 1/4 today. Prices backed off today on some profit taking from the recent gains, and no chart damage was done today. Prices Friday hit a fresh three-month high. SOFTS: March N.Y. sugar closed 5 points higher at 6.77 cents today. Prices closed near the session high. A fledging three-week-old uptrend line is still intact on the daily bar chart--but just barely. Bears still have the technical edge, overall. December N.Y. coffee closed 25 points higher at 43.65 cents today. Not much fresh news. The bears are in full command of coffee at present. The only encouraging news to the bulls is the recent increase in volatility at these lower price levels. December N.Y. cocoa closed $2 higher today, at $997. There was enough follow-through buying today to confirm a bullish key reversal on the daily bar chart. December cotton closed 8 points higher at 28.94 cents in quiet trading today. Prices last week dropped down below key long-term support at 29.50 cents. This opens the door to declines to the 26-cent area, which is the lows seen in 1972, basis nearby futures. January orange juice on Friday afternoon closed at 90.65. That's up 155 points from the Thursday evening close. Prices gapped higher Friday and bulls still have the big edge. METALS: December COMEX gold futures closed up $1.40 at $279.70 an ounce today. The weaker U.S. dollar helped the yellow metal today. Prices are still seeing a corrective bounce in a bear market, but bulls will take what they can get at present. December silver futures closed $0.028 higher at $4.243 an ounce today. Prices hit a fresh five-week low last week and bears have the big edge. December N.Y. copper closed 40 points lower at 63.10 cents. Prices last week dropped to a contract low of 62.00 cents. Bears rule. ENERGIES: December crude closed $0.10 higher at $22.15 today. It was a fairly quiet day. The daily chart still looks bearish. However, the longer the market trades sideways, the more that favors the bulls and some "basing" activity. December heating oil closed 33 points higher at .6337 today. It was a quiet day today. The daily chart still looks bearish as prices hover not that far above the recent lows. December unleaded gasoline closed 8 points lower at .5873 today. Prices scored a mildly bearish "outside day" down on the daily bar chart today. The daily chart still looks bearish. December natural gas closed $0.177 higher at $3.36 today. Prices scored a fresh seven-week high today. Prices last week pushed up above a longer-term downtrend line on the daily bar chart and today it was negated. STOCKS, FINANCIALS, CURRENCIES: The December Euro currency closed 125 points higher today at .9018. Bulls needed a day like today after the bears knocked them around recently. Bears remain in control. The December Japanese yen closed up 52 points at .8218 today. Today saw a rebound in a bear market and bears rule. Prices pushed to a three-month low last week. The December Swiss franc closed 91 points higher at .6134 today. Bulls needed today after their recent whipping. A steep five-week-old downtrend line on the daily bar chart was penetrated on the upside and negated today. The December Canadian dollar closed 13 points higher at .6351 today. Bears still rule as prices are in a four-month-old downtrend on the daily bar chart. The December British pound closed up 164 points at 1.4486 today. Today's big gains negated a three-week-old downtrend line on the daily bar chart and puts the bulls and bears back on a level playing field, overall. The September U.S. dollar index closed 119 points lower at 114.71 today. Prices gapped lower on the daily bar chart today and they closed near the session low. Technical damage was done with today's big downmove. December U.S. T-bonds closed 10/32 higher at 108 1/32. The bulls continue their push north as a new for-the-move high was set today. Prices are at lofty levels, but there is nothing on the daily chart that suggests prices cannot go farther north. December S&P 500 futures closed off 28.50 at 1,073.50. Prices closed near the session low today as trading has turned sideways and choppier. Poor earnings reports, a weaker economic picture and an increasing anthrax scare will limit upside moves. Daily Extreme Commentary is brought to you by GLOBALcharts, INO.com's end-of-day charting software for Futures, Futures Options and Optionable Stocks. http://www.globalcharts.com Search the INO Store - http://store.ino.com/ _____________________________________________________________________ I N O N E W S _____________________________________________________________________ Two Texas Men Sued For Defrauding Former Employer http://news.ino.com/press/?release=27099 CFTC Extends Comment Periods On Security Futures Margins http://news.ino.com/press/?release=27098 LIFFE Recommends Euronext As Merger Partner http://news.ino.com/press/?release=27097 ____________________________________________________________________________ E X T R E M E F U T U R E S ____________________________________________________________________________ Updated every 10 minutes around the clock. More at http://quotes.ino.com/analysis/extremes/futures/ WINNERS NGX1 Henry Hub Natural Gas Nov 2001 3.202 0.209 +6.87 LHG2 Lean Hogs Feb 2002 52.300 1.875 +3.72 XHZ1 Lean Hogs Dec 2001 49.65 1.75 +3.66 LBX2 Random Length Lumber Nov 2002 250.00 9.00 +3.60 RAZ1 South African Rand Dec 2001 0.108000 0.002150 +2.03 HOF3 Heating Oil Jan 2003 0.6417 0.0111 +1.74 XFZ1 Swiss Franc Dec 2001 0.6145 0.0097 +1.60 PBH2 Frozen Pork Bellies Mar 2002 67.150 1.050 +1.58 SFZ1 Swiss Franc Dec 2001 0.61350 0.00870 +1.44 HUV2 New York Harbor Unleaded Gasoline Oct 20 0.6283 0.0089 +1.42 LOSERS NDZ1 NASDAQ 100 Index Dec 2001 1372.00 -79.50 -5.48 ZDZ1 Dow Jones Industrial Avg. Dec 2001 9209 -301 -3.21 DJZ1 Dow Jones Industrial Avg. Dec 2001 9208 -302 -3.18 NKH2 Nikkei 225 Stock Avg Mar 2002 10835 -295 -2.72 SPH2 S&P 500 Mar 2002 1083.50 -28.90 -2.62 RLZ1 Russell 2000 Index Dec 2001 427.00 -10.75 -2.46 ERY0 FTSE Eurotop 100 Cash 2708.9 -65.9 -2.37 MDZ1 S&P Midcap 400 Dec 2001 454.50 -11.00 -2.36 RY0 Russell 1000 Index Cash 566.89 -13.68 -2.36 RRX1 Rough Rice Nov 2001 3.540 -0.085 -2.34 *FREE OPTIONS INVESTOR KIT-- CD, Video, or Audiocassette Specifically designed for futures & option traders. http://www.ino.com/specials/barkley/invpackage.html ____________________________________________________________________________ E X T R E M E S T O C K S ____________________________________________________________________________ Updated every 10 minutes around the clock. More at http://quotes.ino.com/analysis/extremes/stocks/ WINNERS CPST CAPSTONE TURBINE 5.3200 0.9800 +22.53 CLTX COLLATERAL THERAPEUTICS INC 7.0600 1.2200 +20.78 MWAV M-WAVE INC 5.1500 0.8500 +19.86 CTR CABOT INDUSTRIAL TR 23.81 3.87 +19.40 VSR VERSAR INC 6.20 0.95 +18.10 AMRN AMARIN CORP PLC ADS 24.2000 3.7000 +18.05 GCFC GRAND CENTRAL FINL 10.0000 1.6500 +17.65 ALHY ALPHA HOSPITALITY CORP 13.4500 1.9900 +17.33 TESTC TEST SECURITY 70.0300 10.2200 +17.10 TTP TITAN PHARMACEUTICALS 6.79 0.96 +16.47 LOSERS EFDS EFUNDS CORP 15.3200 -4.2000 -21.63 NNDS NDS GRP PLC ADS 21.0000 -4.8400 -18.80 SEN SEMCO ENERGY INC 12.13 -2.32 -16.06 PME PENTON MEDIA 5.85 -1.11 -15.95 VXGN VAXGEN INC 14.8000 -2.6300 -15.51 ITGR INTEGRITY INC'A' 7.2500 -1.3200 -15.49 IRIC INFORMATION RESOURCES 6.0400 -1.0400 -14.55 ENE-C ENRON CAP LLC 8% CUM PFD MIPS 17.04 -2.90 -14.54 TEKSP TEKINSIGHT.COM INC CV PFD A 5.5700 -0.8500 -14.17 SEN-I SEMCO ENERGY INC 9% PRIDES 10.10 -1.63 -13.90 _____________________________________________________________________ T H A N K Y O U _____________________________________________________________________ Thank you for subscribing to the Extreme Markets Daily Digest from INO.com ( http://www.ino.com/ ). 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