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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (28316)	1/4/2001 11:07:13 PM
From: Jill	Read Replies (1) \| Respond to of 65232

3 seconds works just fine for me--it's just the right speed to follow By the way, does anybody trade here using Fidelity? I was using their regular web browser and frustrated as can be w/ its slowness...and over on another thread I was advised to download their "Fox" trading system. It is so easy an interface to use!!!! It's fantastic. It makes such a difference trading. And its very fast.

To: Dealer who wrote (28316)	1/5/2001 8:46:39 AM
From: Dealer	Respond to of 65232

M A R K E T ...S N A P S H O T....Job growth slows - futures climb Dec. payrolls up 105,000; jobless rate at 4% By Julie Rannazzisi, CBS.MarketWatch.com Last Update: 8:42 AM ET Jan 5, 2001 NewsWatch Latest headlines Get Alerted NEW YORK (CBS.MW) - The futures markets are indicating an open on the upside Friday as investors process an employment report that indicates job growth is slowing. Non-farm payrolls rose 105,000 vs. the expected 119,000 increase while the unemployment rate remained unchanged at 4.0 percent compared to the expected 4.1 percent reading. Read full story and view Economic Preview, economic calendar and forecasts and historical economic data. "What becomes of the labor market will exert considerable influence over consumer spending's fate. Labor market slackening would soften consumer spending. [But] lower borrowing costs -- especially mortgage yields -- and possible tax cuts could eventually compensate for fewer job opportunities," Moody's Investors Service told investors Friday. And with less than four weeks separating investors from the next Fed meeting on Jan. 30-31, investors will be dissecting every piece of economic news to discern whether another rate cut is in the offing. The central bank's statement following Wednesday's surprise easing left the door wide open for another cut if economic numbers prove too weak. March S&P 500 futures climbed 4.20 points, or 0.3 percent, and were trading roughly 5.00 points above fair value, according to figures provided by HL Camp & Co. Nasdaq futures, meanwhile, added 24.00 points, or 1.0 percent. "Thursday was a normal consolidation day that does nothing to upset the strength that appeared in the market on Wednesday. But it is important that the market maintains much of the bullish move, or it could end up being another one of those isolated reactionary up days. The heavy volume and broad participation makes it likely to hold and continue after a few more days of flat trading," note Robert Dickey, chief technical strategist at Dain Rauscher. "The Dow has resistance at 11,000 and it's normal for the market to stall below that level before breaking out. For the Nasdaq, there's [heavy] resistance at 3,000," the strategist added. Among shares seeing activity in the pre-market, Cisco Systems (CSCO: news, msgs) edged up 81 cents to $42.69 in Instinet. See Indications. Separately, Trim Tabs reported that all equity funds saw outflows of $3 billion over the four days ending Jan. 3 vs. inflows of $4.7 billion in the prior week. Equity funds investing primarily in U.S. stocks saw outflows of $700 million compared to inflows of $1.9 billion in the prior week. Over in the bond arena, prices lost ground following the jobs data, with the 10-year Treasury note off 2/32 to yield ($TNX: news, msgs) 5.03 percent while the 30-year government bond off 2/32 to yield ($TYX: news, msgs) 5.455 percent. In the currency arena, dollar/yen rallied 0.7 percent to 116.40 and reached a peak of 116.88 in intra-day trading, a level not seen since August 1999. Euro/dollar edged up 0.4 percent to 0.9540.