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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (9167)	3/25/1999 3:22:00 PM
From: Les H	Respond to of 99985

Treasurys under the gun Soaring stocks depress prices By Julie Rannazzisi, CBS MarketWatch Last Update: 2:10 PM ET Mar 25, 1999 NEW YORK (CBS.MW) -- Treasury prices came under pressure Thursday on the heels of an effervescent stock market. The typical inverse relation between stocks and bonds -- which had been relegated to the back buner in recent weeks, resurfaced on a day with little else for the government market to focus on. U.S. shares rocked higher, with the Dow Jones Industrial Average up a lofty 127 points while the tech-heavy Nasdaq rose 2.1 percent. See Market Snapshot and world indices. Robin Grieves, government market strategist at HSBC Securities, said there a good reason for people to sit still: next week will be a blockbuster. There's a Federal Open Market Committee meeting on Tuesday; Japan's fiscal year-end is on Wednesday, a day that will also see heightened activity due to the fact that it's quarter-end; on Thursday the first major economic report for the month will see the light -- the March index from the National Association of Purchasing Management; and the kingpin of all economic numbers, the employment report, will be unleashed Friday. That's plenty to keep most anyone on hold, players said. Meanwhile, the market continued to stage an extremely subdued reaction to the NATO bombings on Kosovo. Marketeers predicted the bulk of the market's reaction would hit in the next days, as players monitor developments in the conflict as well as international repercussions. The 30-year bellwether bond (TRE=Z3-GB) lost 19/32 to yield ($TYX) 5.575 percent. The 10-year (TRE=Z0-GB) subtracted 9/32 to yield ($TNX) 5.198 percent while the 2-year (TRE=Y2-GB) was off 2/32 to yield 4.999 percent. The discount rate on the 52-week bill (BIL=Y1-GB) was up 3 basis points at 4.51 percent. In the futures pit, the June T-bond was off 14/32 at 120-29. The twos-bond spread -- or the difference between the yield on a 2-year note and 30-year bond -- steepened to 56.3 basis points from 55.5 basis points at the close Wednesday. In economic news, only second-tier reports are on Thursday's agenda. Weekly jobless claims fell 10,000 to 289,000 compared to expectations for a 299,000 showing -- a slightly unfriendly reading for the market. Jobless claims have remained below the 300,000 mark for eight consecutive weeks. May existing home sales yet again revealed a sturdy housing market. The number fell 0.4 percent to a 5.02 million rate, beating estimates calling for an annual rate of 4.98 million. Sales rose 6.1 percent from a year ago. See daily calendar, weekly calendar, and earnings. In the commodity universe, the Bridge/CRB index rose 1.89 to 190.60 while May crude rose 11 cents to $15.45. The dollar gained some ground against the yen, bolstered by comments from two Japanese officials, who reiterated the view that excessive yen strength was undesirable with Japan's economy in a slump. Though the dollar showed little reaction to these tired statements in recent days, it was able to benefit from them somewhat on Thursday, despite a lofty 3 percent gain in the Nikkei 225 index. Meanwhile, as had been expected, the Bank of Japan left short-term rates unchanged at its policy-setting meeting. Dollar/yen was changing hands at 118.11, up 0.1 percent from Wednesday's levels while the euro fell 0.3 percent to 1.0842. See latest currency rates.

To: HairBall who wrote (9167)	3/25/1999 8:17:00 PM
From: bearshark	Read Replies (2) \| Respond to of 99985

LG: This afternoon I mentioned that there may have been a subtle difference in the market based on the positive block moneyflow in RUT stocks and today's trading. Well, the block moneyflow in the RUT stocks was negative today. I was watching a mirage.

To: HairBall who wrote (9167)	3/25/1999 8:18:00 PM
From: Haim R. Branisteanu	Respond to of 99985

Analysis of end of Day Closing prices and recommendations in Rubins Tulips Market - Close longs start to initiate shorts This is the most effective list, but validate signals. Results are relative to the SPX and move relative to the SPX - Haim see more at bway.net Today is 03/25/99 Remember this is a computer scan only S&P Closed 1289.99 Stock analysis based on Equivolume S&P Change 21.400 ease of move is mostly down Recomandation Price Stoch. RSI RSI RS Change ROC% BUY SIGNAL ON AMD 16.125 8.046 37 4 1 BUY SIGNAL ON CA 34.812 20.390 37 0 10 BUY SIGNAL ON CRUS 7.125 16.438 35 2 15 BUY SIGNAL ON FAST 35.750 17.286 42 9 6 BUY SIGNAL ON FLR 26.625 2.830 26 2 4 BUY SIGNAL ON STK 26.438 7.237 26 4 21 BUY SIGNAL ON IRIC 7.000 25.000 32 7 0 BUY SIGNAL ON MAG 9.250 14.815 35 7 11 BUY SIGNAL ON MAY 38.000 17.391 42 15 2 BUY SIGNAL ON SIII 7.562 11.386 45 3 0 BUY SIGNAL ON TOM 70.312 20.886 50 3 15 BUY SIGNAL ON CWZ 55.938 13.913 45 8 11

To: HairBall who wrote (9167)	3/26/1999 6:52:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

LG, >>>> Well, the TYX.X has been rising steadily as expected filling the gap down and closing above Tuesday's high. However, the Market seems to be ignoring that rise, so far. I suspect the Market will acknowledge that rise before the close. If the TYX.X continues its climb tomorrow, this retrace may well be turned back. <<<<< My short-term technicals are smack in the middle, so it is a flip of a coin, but right now the futures are down 5.5, so you could be right and your assessment in light of the INTEREST RATEs is logical. As silly as it sounds, I previously mentioned the ABBEY COHEN indicator, which states that 3 days after she pushes the bullish position the market sells off. It has been noticed by some that when important/closely followed individuals(Greenspan,Rubin,Cohen,etc) make comments, a opposite reaction in the market could occur in approximately 3 days. Of course, this is subjective, based on the intensity of the comments made. In this case it could be Monday. I would not base a strategy around this, but its a bit interesting/cute. As I am writing this post, the futures are deteriorating and now down 7. Your prediction of a reversal to the downside looks like it could occur today. Maybe the DOW will get back into the STAIRSTEP. Seeya