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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (42716)	10/13/2005 3:51:40 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69255

4:16PM Oil stocks fall further at close ($OSX, $XNG, $XOI) by Lisa Sanders NEW YORK (MarketWatch) -- Oil stocks finished lower Wednesday after the Energy Department cut its worldwide demand growth forecast for 2005. The Amex Oil Index ($XOI) fell 2.1% to close at 983.91 points, and the Amex Natural Gas Index ($XNG) dropped 2.1% to close at 390.99 points. The Philadelphia Oil Service Index ($OSX) lost 1.6% to close at 159.92 points. 1:31PM U.S. 5-yepar notes go at 4.27% yield, highest since 2002 by Rachel Koning CHICAGO (MarketWatch) -- The Treasury Department auctioned its $13 billion in new 5-year notes at a yield of 4.270% Wednesday. It was the highest yield offered since May 2002 and came in just under the 4.28% priced into trading just before the sale. The bid-to-cover ratio showed that a relatively solid $2.75 in bids was received for every $1 of securities sold. In-direct bidders, the category that includes closely tracked foreign central bank demand, took 45.8% of the notes, down from September's 55%, but a still respectable turnout, analysts said. The overall strong auction results helped the broader bond market trim its decline and lifted shorter-maturity debt into positive territory. [High interest rates plus high oil prices are bound to trigger a rescession. When was the last time the Fed was able to engineer a soft landing.]