Wake up fellas!
- I Wanna Be Sedated
- I wondered why Meehan signed up for jury duty!
- The banks (BKX) continue the stare down with the aforementioned 100 mark / 100.18 (Sep high).
Citigroup (C:NYSE) - the second most important stock in the world after General Electric (GE:NYSE) - is basing out following a potential Jun / Sep rounding bottom formation. Volume flows spiked on the initial sell off and dried up near the Aug lows so watch for a volume lift as confirmation if this reversal is to unfold. We're still marking time and the 200 dma lies above (47.74) but wanted to throw it out there.
Check out the tight range on a 10 day gip on Bloomberg - we just lifted toward the upper range and have come off slightly following the Philly Fed data.
- In Arkasas it is against the law to mispronounce the name of the State of Arkansas. No comment on what's not against the law there. Email Neal Dingmann for further details.
- Ah, the wonderful highway systems of New Jersey
- Like they say, you can never go home again
- The homies (HGX) are lifting a percent (400.60) and banging on resistance at the recent high (400.60). Again, the group is up 13% off the July lows.
- Jets 2-0 heading into their bye week?
- If you have an interest in setting up folks with a gift subscription to check out Minyanville, please give me a shout.
Also, if you know of a college student looking to obtain valuable perspective about how the markets work please let us know.
- Ball hog
- MADISON, Wis. (AP) - Prosecutors say college student Anthony Gallagher had an ingenious way of making some extra money -- phony parking tickets. According to authorities, Gallagher made copies of a real parking ticket and placed them on cars near his Madison, Wisconsin, frat house. He allegedly established a post office box to receive the payments. Police say they traced the scheme to Gallagher because the citation number on the phony tickets was the same as one issued to him in February of last year. According to prosecutors, Gallagher deposited hundreds of dollars from the phony parking tickets in a bank account.
- Yanks with the night off tonight before a big weekend series with the BoSox. A little bit of an advantage or too much time to think?
- International investors purchased a net $64 bln of U.S. Treasuries, stocks, corporate bonds and other securities in July (down from $74 bln in June)according to Bloomberg citing the Treasury Dept.
Foreign investors bought a net $22.4 bln in Treasuries in July (down from $40.5 bln in June).
- Quiet Fido, I'm watching hockey
- The 20 yr JGB received the highest draw in the last 7 years
- Five years from now, Eli vs Petyon, who ya got?
- In Illinois, the law is that a car must be driven with the steering wheel.
- "Will you hold my wallet for me while I take the test, please? There's a thousand dollars in there, or maybe there isn't. Know what I mean?"
- Prime Time on the other side of the ball?
- 205 Fountain Court
- Daisy's dirty laundry
- The semis have given up the bulk of their gains following a reversal in the last hour or so at the 386-ish level that took us back to yesterday's low (near 380). That's roughly a 1.5% swing intraday high to low. Note also the 50 dma overhead (394).
Intel (INTC:NASD) tripped out of the gate and is currently off a percent as it continues to hover near 20 support.
- Toddo 217, Meehan 207.5, Collins 201.5, Fokker 145
- Harrah's (HET:NYSE) says that it will reopen its New Orleans casino today at 6pm CDT. Meehan is already checking out flights.
- Thank you Kevin Tuttle
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