Pick The Dow

[drunkguy]

down

[bazanster2]

BG and DG,

Good call yesterday.
After advancing +350 points the 2 previous sessions,
down was the right call.

Economic Reports:
Export Prices 8:30am(Eastern)
Import Prices 8:30am(Eastern)
Retail Sales 8:30am(Eastern)
Business Inventories 10:00am(Eastern)
Crude Inventories 10:35am(Eastern)

Going with DOWN on Hump Day,

gl,
baz

[Bostongambler]

We all called it right today. 3 for 3.

Down 109

[Bostongambler]

Down on Thurs.

[drunkguy]

Moving the Market

* July CPI higher than expected
* Weekly jobless claims top estimates
* Wal-Mart exceeds consensus forecast
* Crude prices extend previous session's rally

I'll go with another down day

[bazanster2]

BG and DG,

Futures plunged on inflation and intial claims reports.
They had been positive on good earnings news.
Oil prices also higher on lower inventories.

Going with DOWN on Thursday,

gl,

baz
.................................................. ..........

Wal-Mart (WMT) topped analysts' expectations with its latest quarterly earnings report,
did J.M. Smucker (SJM) and Urban Outfitters (URBN).

Economic Reports:
Core CPI 8:30am(Eastern)
CPI 8:30am(Eastern)
Intial Claims 8:30am(Eastern)

The consumer price index climbed 0.8 percent, twice as much as anticipated,
the Labor Department said today in Washington. The cost of living was up 5.6percent
in the year ended in July, the biggest jump in 17 years. So-called core prices,
which exclude food and energy, also rose more than projected.


The four-week moving average of new jobless claims, regarded as a better gauge
of underlying labor trends because it irons out week-to-week volatility,
climbed to 440,500 last week from 421,000 the week before.
That was the highest reading in more than six years, since it hit 445,500 in April 2002.
Most economists consider a reading above 400,000 for weekly claims as indicating
recession-like conditions.


WASHINGTON (AP) -- The number of homeowners stung by the dramatic decline in the
U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent
compared with the same month a year ago

[drunkguy]

seems like oil is the only thing driving the market lately

[Bostongambler]

+82

[Bostongambler]

Down on Friday.

[bazanster2]

BG and DG,

Quite a reversal yesterday.
Lower oil prices off setting the negative news of consumer prices shooting up in July
for the fastest annual pace in 17 years.
Also, the Intial Claims checking in at Recession levels.
Looks like more of the same for today.
Light, sweet crude for September delivery fell $1.60 to $113.41 a barrel
in electronic trading on the New York Mercantile Exchange by noon in Europe.
In the long run, lower oil prices due to weakening demand will eventually
translate into lower earnings. Which is not good news for the Stock Market.

Going with UP on Friday,

have a great weekend,

baz
.........................................

Economic Reports:
New York Empire State Index 8:30am(Eastern)
Capacity Utilzation 9:15am(Eastern)
Industrial Production 9:15am(Eastern)
Michigan Sentiment-Prel. 10:00am(Eastern)

[Bostongambler]

up 36 right after the bell

[Bostongambler]

+63

[Bostongambler]

Oil down 2.22 to 112

[Bostongambler]

Dow up 80

[Bostongambler]

+27

[Bostongambler]

+43.87

[Bostongambler]

Down on Monday.

This is my early call.

[bazanster2]

BG,

Going with UP on Monday,

gl,

baz

[Bostongambler]

down 35 half hour in