Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (2484)	1/31/2000 11:35:00 AM
From: LBstocks	Read Replies (1) \| Respond to of 19219

Merrill Lynch expert sees 3 Fed rate hikes coming NEW YORK, Jan 31 (Reuters) - The chief economist at No. 1 U.S. brokerage Merrill Lynch (NYSE:MER - news) predicted on Monday the Federal Open Market Committee would raise interest rates by a quarter-percentage point this week, and said hikes of the same size were likely in March and again in May. Bruce Steinberg, whose outlook for this week's FOMC meeting reinforces the prevailing thinking in U.S. markets, said he expects the FOMC to increase the federal funds rate by 25 basis points to 5.75 percent this week, rather than the more aggressive 50 basis points. The federal funds rate is the interest major banks charge each other for overnight loans. The FOMC, the policy-making arm of the U.S. Federal Reserve, America's central bank, FOMC begins a two-day meeting Tuesday to consider changing interest rates. Looking further ahead, he said it was ``fairly certain' the FOMC would raise rates by another 25 basis points at its March 21 meeting, and by the same amount at its May meeting. ``We believe the Fed will emphasize the risks of inflation pressures in its statement on Feb. 2, indicating that there will be further tightening going forward. We think that another 25-basis-point tightening at the March 21 FOMC meeting is fairly certain, and the likelihood of a third tightening at the May FOMC meeting now appears to look increasingly likely, in our view.' In his research note, Steinberg added that: ``The U.S. economy remains very strong, although the fourth-quarter gross domestic product report did exaggerate this strength. Inventory-building and government spending were both much stronger than expected, collectively adding more 2.5 percent to GDP (gross domestic product_ growth.'

To: J.T. who wrote (2484)	1/31/2000 6:19:00 PM
From: pater tenebrarum	Respond to of 19219

J.T., saw you refer to the Hirsch Almanach a few times...here's a closer look at a myth apparently propagated there, the myth of January: csf.colorado.edu best regards, hb

To: J.T. who wrote (2484)	2/8/2000 2:33:00 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 19219

Market breadth Feb 7 2000 NYSE intelligentspeculator.com Nasdaq COMP intelligentspeculator.com SPX and Combined NYSE/Nasdaq breadth/volume indicators/VIX intelligentspeculator.com In addition to the charts: On Friday we noted the VIX gap down and intraday reversal. Monday VIX continued up, adding more weight to a swing high having been set in. We also note that often VIX gap down/reversal confirmation days are characterized by a narrower range day, which is usually down; the next day (TUESDAY) following is usually down with at least moderate expansion in range (observations from the SPX cash only). Cheers all, Mike