Pick The Dow

[bazanster2]

BG,

Friday's action, the Market selling off despite the good early GDP numbers.
Sub-prime, higher world interest rates, continue high oil with a poor long term supply/demand picture.
We're getting a little relief on the oil front, their off a bit.
Traders expecting a volitile week with Triple-Witching Hour and Friday's Unemployment number.
Futures currently positive. After the last two trading sessions sharp sell off, their could be a good bounce. We could have a +100 pt day.
Tough call here BG, speculate that the Market rallies early and then sells off late as traders still pensive.
Some Bulls heading towards the exits?

Going with DOWN on Monday.

gl,

baz

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from CNN.com - Breaking News, U.S., World, Weather, Entertainment & Video News

"The already poor performance of many mortgage loans will worsen substantially through the rest of the year,
according to an analysis released Thursday by Moody's Economy.com.

The company predicts that 2.5 million first mortgages will default this year, with little chance for improvement soon -
Economy.com expects delinquencies to peak in the summer of 2008 at 3.6 percent of all outstanding mortgage debt,
up from 2.9 percent during the first three months of 2007"

[Bostongambler]

Stocks turned lower after a positive open as investors remained worried about a potential credit crunch and further unwinding in the Japanese yen-carry trade."They are starting to react to the yen very closely again," said Arthur Cashin, UBS director of floor operations

[Bostongambler]

up 13 and change an hour in.


it goes up back down up back down

[Bostongambler]

up 90 and change

[Bostongambler]

UP on Tues.

[bazanster2]

BG,

Still a tough market to call.
Going with UP on Tuesday.

gl,

baz

[bazanster2]

BG,

A rare going with DOWN on HUMP Day.
Still lots of turbulence and uncertainty.

from CNN.com - Breaking News, U.S., World, Weather, Entertainment & Video News
"Bear Stearns has delayed paying back investors' money in the hope that
the values of the fund would rise again, a source told the Journal."

Futures are off their earlier lows.
---------------------------------------
Celtics prospects looking better. :)

gl,

baz

[bazanster2]

Dow bouncing like a yo-yo.
Looks like we're in for a wild ride today.

[bazanster2]

BG,

Futures currently positive.
Another tough day to call. Host of economic reports.
Unemployment number tomorrow.
Meaning that we could sell a sell-off the last half hour.
Going with UP on Thursday,

gl,

baz

[Bostongambler]

Missed the call today Baz... Running late...

up about 13 pts. 45 minutes in.

[Bostongambler]

Stocks were trading modestly higher in a session with less volatility and volume than previous ones, as strong earnings helped to lift sentiment. "I think what you're seeing is that earnings are solid," said Peter Yastrow, market strategist at MF Global. "People are looking past their short-term fears of something in the mortgage-backed market surfacing and just betting on the fundamentals."

[Bostongambler]

+40 right now

[bazanster2]

BG,

Unemployment number slightly less than expected.
Futures intial off but have rebounded a bit.
Set for a lower open.
Going with DOWN on Friday.

Have a great weekend,

baz

[Bostongambler]

Good call Baz.

-200 and then some.

[bazanster2]

BG,



Oil falls under $75 on broad U.S. economic concerns - Aug. 6, 2007

"LONDON (Reuters) -- Oil fell below $75 a barrel Monday, extending the previous session's decline as concern
about the United States economy rippled through financial and commodity markets.
"The weaker macro numbers are raising the prospect of softening U.S. commodity demand in general, and energy
demand in particular," MF Global said in a report."

Remember $10 oil? Those were the days. A commodity price that gets too high eventually curbs it's own demand.
This is what we may have here. The high price of oil cutting into the economy. Higher prices mean higher inflation.
Credit market lenders demanding higher rates to compensate for the risk of losing future purchasing power.

Falling oil will help the Market intially as Speculators long oil will eventually have to cover. Creating more of a Sell-Off.
As we know, long term the Supply/Demand equation is very bullish long term.
Lower oil means lower prices and interest rates. Fed less like to raise rates.
At some point, traders will take to the notion that oil going down because the economy is weak
isn't good for the equity markets.

Decidedly more bearish and looking for a more serious correction at least once before Christmas.
Still, DOW well above it's 200 day moving Average. MACD below -0- and bouncing in the
-2.0 to -1.50. MACD Fast line/Slow signal trending down and widening. (Bearish)
Recent Sell-Off has been on Volume Spikes which have been the highest in the history
of the DOW.
Going to go with UP on Monday due to the lower oil, but expecting only a short reprieve from the Bears.

Would bail if DOW breaches 13,000.
Bad news if DOW falls bellow 12,000.

gl,

baz

------------------------------------------------------------------------------------------------------------------------

World Energy Solutions || Energy Conservation

(OTC BB:WEGY.OB) Closed Friday at 65 cents.

Ben Croxton, CEO of World Energy Solutions, Inc. stated:
"The diesel engine market is ripe for innovation and energy efficient technologies.
By demonstrating our hydrogen/oxygen system's ability to reduce fuel consumption and emissions in a diesel engine,
World Energy Solutionswill be in a strong competitive position to entertain lucrative licensing and strategic partnership opportunities.''

Initial testing of our automobile alternator was impressive. In fact, on a recent test run, the WES automobile experienced
a 24% reduction in fuel consumption,'' stated Bob Depalo, Chief Technology Engineer for World Energy Solutions.
"High current switching semiconductors are very expensive and the alternator output from a standard automobile simply
cannot provide the current necessary for conventional electrolysis. The development of our modified 3 Phase Alternator is a significant technology breakthrough.''

On June 11, 2007 World Energy Solutions reported that during a test run, after initializing the company's proprietary hydrogen/oxygen system, a 1998 Honda traveling at 60 MPH dropped its fuel flow from 2.1 GPH to 1.6 GPH.
The unique feature of the hydrogen/oxygen powered (HHO) internal combustion engine is the reduced amount of gasoline
required as the primary fuel source. HHO is environmentally friendly since, through continuous electrolysis, the gasoline is
replaced with water and the constituent gases are removed. Through its gasoline substitution and removal of exhaust gases,
the technology of HHO addresses the rising costs of fuel and the heightened need for environmental responsibility.

[Bostongambler]

Good call Baz... +280 and change

[Bostongambler]

UP on Tues.

[bazanster2]

BG,

Productivity number disappointing. Costs eccelerate.
Dow may give back a little of yesterday's gains.
Looking for Market to be down early and then rebound after the FOMC policy statement.

Going with DOWN on Tuesday,

gl,

baz

[Bostongambler]

Up around 35 today