Stocks charted all have over 10% of float short and are breaking out or consolidating just under breakout levels. The stocks charted are: $ACOM $ATPG $CAKE $EAT $LLNW $LVLT $QSII $SFY $SRZ $UTHR
Daily Charting Fix
amateurhour
Day trader turned Systems Engineer. My degrees are in math and economics and my work is a blend of finance, math, and electrical/mechanical engineering. I work on modeling the real optionality of power systems to assist in commodity purchase/hedging and CAPEX decisions. We hedge ~$0.75bn in commodities annually and manage an overall portfolio of ~$10bn (not including physical assets) over a horizon of 2-10 years.
Follow @TimWolfgang
Late Night Charting
Covering: $PG $NA.TO $MG.TO $LEI $CVE$BCE.TO $BBD.B.TO $AMZN $ADV.TO $VHC $STP.TO$RDC
http://tradingeh.wordpress.com/2012/01/18/late-night-charting-2/
Stocks to watch
Labor Report key facts
From http://www.bls.gov/news.release/empsit.nr0.htm
The report is unchanged, other than the bolding, which I have added to place emphasis where I think it is relevant.
Apologies for putting this up then taking it down, it did not post to the page correctly the first time.
In summary:
– Unemployment seems to be declining while labor force participation continues its decline.
– A large percentage of jobs were added in as seasonal hiring, as we would expect.
– The large annual increase in retail and leisure/hospitality does not bode well in the long run for “growing” out of a deficit.
– Manufacturing finally saw an uptick in both employment and work hours. This needs to be sustained for economic prosperity.
– Government employment fell as states and municpalities struggle with their own budget issues, expect this trend to continue in 2012.
– 2.5 million people, who are acknowledged as unemployed, are simply not counted. This puts the true rate at around 10.13% when these people are accounted for.
Employment Situation Summary
THE EMPLOYMENT SITUATION — DECEMBER 2011 Nonfarm payroll employment rose by 200,000 in December, and the unemployment rate, at 8.5 percent, continued to trend down, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in transportation and warehousing, retail trade, manufacturing, health care, and mining.
Both the number of unemployed persons (13.1 million) and the unemployment rate (8.5 percent) continued to trend down in December.
The unemployment rate has declined by 0.6 percentage point since August. (See table A-1.)
Among the major worker groups, the unemployment rate for adult men decreased to 8.0 percent in December. The jobless rates for adult women (7.9 percent), teenagers (23.1 percent), whites (7.5 percent), blacks (15.8 percent), and Hispanics (11.0 percent) showed little change. The jobless rate for Asians was 6.8 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)
The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 5.6 million and accounted for 42.5 percent of the unemployed. (See table A-12.)
The civilian labor force participation rate (64.0 percent) and the employment- population ratio (58.5 percent) were both unchanged over the month. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) declined by 371,000 to 8.1 million in December. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
About 2.5 million persons were marginally attached to the labor force in December, little different from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 945,000 discouraged workers in December, a decrease of 373,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.6 million persons marginally attached to the labor force in December had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)
Establishment Survey Data
Total nonfarm payroll employment increased by 200,000 in December. Over the past 12 months, nonfarm payroll employment has risen by 1.6 million. Employment in the private sector rose by 212,000 in December and by 1.9 million over the year. Government employment changed little over the month but fell by 280,000 over the year. (See table B-1.)
Employment in transportation and warehousing rose sharply in December (+50,000). Almost all of the gain occurred in the couriers and messengers industry (+42,000); seasonal hiring was particularly strong in December.
Retail trade continued to add jobs in December, with a gain of 28,000. Employment in the industry has increased by 240,000 over the past 12 months. Over the month, job gains continued in general merchandise stores (+13,000) and in clothing and clothing accessories stores (+11,000). Employment in sporting goods, hobby, book, and music stores fell by 10,000.
In December, manufacturing employment expanded by 23,000, following 4 months of little change. Employment increased in December in transportation equipment (+9,000), fabricated metals (+6,000), and machinery (+5,000).
Mining employment rose by 7,000 over the month. Over the year, mining added 89,000 jobs.
Health care continued to add jobs in December (+23,000); employment in hospitals increased by 10,000. Over the year, health care employment has risen by 315,000.
Within leisure and hospitality, employment in food services and drinking places continued to trend up in December (+24,000). Over the year, food services and drinking places has added 230,000 jobs.
Construction employment changed little in December. Within the industry, nonresidential specialty trade contractors added 20,000 jobs over the month, mostly offsetting losses over the prior 2 months.
Employment in professional and business services changed little in December for the second month in a row. The industry added 42,000 jobs per month, on average, during the first 10 months of 2011.
Government employment changed little in December but was down by 280,000 over the year. Job losses in 2011 occurred in local government; state government, excluding education; and the U.S. Postal Service.
The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour to 34.4 hours in December. The manufacturing workweek increased by 0.1 hour to 40.5 hours. Factory overtime decreased by 0.1 hour to 3.2 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged up by 0.1 hour to 33.7 hours. (See tables B-2 and B-7.)
In December, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents, or 0.2 percent, to $23.24. Over the past 12 months, average hourly earnings have increased by 2.1 percent. In December, average hourly earnings of private-sector production and nonsupervisory employees were unchanged at $19.54. (See tables B-3 and B-8.)
The change in total nonfarm payroll employment for October was revised from +100,000 to +112,000, and the change for November was revised from +120,000 to +100,000.
The End of Suburbia
Documentary about peak oil and the sustainability (or lack thereof) of the suburban model.
Secret information for campaign favors
Does this honestly shock anyone any more – via the WSJ
video
American Judicial System
How deep does the rabbit hole go
Via Barons regarding MF global customers silver and gold bullion now being seized by trustee.
The Silver Rush at MF Global
By ERIN E. ARVEDLUND
December 17, 2011
It’s one thing for $1.2 billion to vanish into thin air through a series of complex trades, the well-publicized phenomenon at bankrupt MF Global. It’s something else for a bar of silver stashed in a vault to instantly shrink in size by more than 25%.
That, in essence, is what’s happening to investors whose bars of silver and gold were held through accounts with MF Global.
The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets—gold, silver, cash, options, futures and commodities—into a single pool that would pay customers only 72% of the value of their holdings. In other words, while traders already may have paid the full price for delivery of specific bars of gold or silver—and hold “warehouse receipts” to prove it—they’ll have to forfeit 28% of the value.
That has investors fuming. “Warehouse receipts, like gold bars, are our property, 100%,” contends John Roe, a partner in BTR Trading, a Chicago futures-trading firm. He personally lost several hundred thousand dollars in investments via MF Global; his clients lost even more. “We are a unique class, and instead, the trustee is doing a radical redistribution of property,” he says.
Roe and others point out that, unlike other MF Global customers, who held paper assets, those with warehouse receipts have claims on assets that still exist and can be readily identified.
The tussle has been obscured by former CEO Jon Corzine’s appearances on Capitol Hill. But it’s a burning issue for the Commodity Customer Coalition, a group that says it represents some 8,000 investors—many of them hedge funds—with exposure to MF Global. “I’ve issued a declaration of war,” says James Koutoulas, lead attorney for the group, and CEO of Typhon Capital Management.
At stake is an unspecified, but apparently large, volume of gold and silver bars slated for delivery to traders through accounts at MF Global, which filed for bankruptcy on Oct. 31. Adding insult to the injury: Of the 28% haircut, attorney and liquidation trustee James Giddens has frozen all asset classes, meaning that traders have sat helplessly as silver prices have dropped 31% since late August, and gold has fallen 16%. To boot, the traders are still being assessed fees for storage of the commodities…
Food for thought
War on drugs
http://www.youtube.com/watch?v=o8Y9-JlSRXw
Newt-a-thon
Some hilarious Newt videos:
Ron Paul attack ad:
On Child Labour Laws:
Pledges personal fidelity in marriage:
Meets with Arafat and also calls Palestinians a made up people:
If you want this man to be president you have some interesting views about where America should go. If you want Republicans to have a chance of winning, perhaps put up someone who has less skeletons in his closet.
amateurhour
Day trader turned Systems Engineer. My degrees are in math and economics and my work is a blend of finance, math, and electrical/mechanical engineering. I work on modeling the real optionality of power systems to assist in commodity purchase/hedging and CAPEX decisions. We hedge ~$0.75bn in commodities annually and manage an overall portfolio of ~$10bn (not including physical assets) over a horizon of 2-10 years.
Follow @TimWolfgang
Daily Charting Fix
Stocks charted all have over 10% of float short and are breaking out or consolidating just under breakout levels. The stocks charted are: $ACOM $ATPG $CAKE $EAT $LLNW $LVLT $QSII $SFY $SRZ $UTHR
Late Night Charting
Covering: $PG $NA.TO $MG.TO $LEI $CVE$BCE.TO $BBD.B.TO $AMZN $ADV.TO $VHC $STP.TO$RDC
http://tradingeh.wordpress.com/2012/01/18/late-night-charting-2/
Stocks to watch
Labor Report key facts
From http://www.bls.gov/news.release/empsit.nr0.htm
The report is unchanged, other than the bolding, which I have added to place emphasis where I think it is relevant.
Apologies for putting this up then taking it down, it did not post to the page correctly the first time.
In summary:
– Unemployment seems to be declining while labor force participation continues its decline.
– A large percentage of jobs were added in as seasonal hiring, as we would expect.
– The large annual increase in retail and leisure/hospitality does not bode well in the long run for “growing” out of a deficit.
– Manufacturing finally saw an uptick in both employment and work hours. This needs to be sustained for economic prosperity.
– Government employment fell as states and municpalities struggle with their own budget issues, expect this trend to continue in 2012.
– 2.5 million people, who are acknowledged as unemployed, are simply not counted. This puts the true rate at around 10.13% when these people are accounted for.
Employment Situation Summary
THE EMPLOYMENT SITUATION — DECEMBER 2011 Nonfarm payroll employment rose by 200,000 in December, and the unemployment rate, at 8.5 percent, continued to trend down, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in transportation and warehousing, retail trade, manufacturing, health care, and mining.
Both the number of unemployed persons (13.1 million) and the unemployment rate (8.5 percent) continued to trend down in December.
The unemployment rate has declined by 0.6 percentage point since August. (See table A-1.)
Among the major worker groups, the unemployment rate for adult men decreased to 8.0 percent in December. The jobless rates for adult women (7.9 percent), teenagers (23.1 percent), whites (7.5 percent), blacks (15.8 percent), and Hispanics (11.0 percent) showed little change. The jobless rate for Asians was 6.8 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)
The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 5.6 million and accounted for 42.5 percent of the unemployed. (See table A-12.)
The civilian labor force participation rate (64.0 percent) and the employment- population ratio (58.5 percent) were both unchanged over the month. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) declined by 371,000 to 8.1 million in December. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
About 2.5 million persons were marginally attached to the labor force in December, little different from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 945,000 discouraged workers in December, a decrease of 373,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.6 million persons marginally attached to the labor force in December had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)
Establishment Survey Data
Total nonfarm payroll employment increased by 200,000 in December. Over the past 12 months, nonfarm payroll employment has risen by 1.6 million. Employment in the private sector rose by 212,000 in December and by 1.9 million over the year. Government employment changed little over the month but fell by 280,000 over the year. (See table B-1.)
Employment in transportation and warehousing rose sharply in December (+50,000). Almost all of the gain occurred in the couriers and messengers industry (+42,000); seasonal hiring was particularly strong in December.
Retail trade continued to add jobs in December, with a gain of 28,000. Employment in the industry has increased by 240,000 over the past 12 months. Over the month, job gains continued in general merchandise stores (+13,000) and in clothing and clothing accessories stores (+11,000). Employment in sporting goods, hobby, book, and music stores fell by 10,000.
In December, manufacturing employment expanded by 23,000, following 4 months of little change. Employment increased in December in transportation equipment (+9,000), fabricated metals (+6,000), and machinery (+5,000).
Mining employment rose by 7,000 over the month. Over the year, mining added 89,000 jobs.
Health care continued to add jobs in December (+23,000); employment in hospitals increased by 10,000. Over the year, health care employment has risen by 315,000.
Within leisure and hospitality, employment in food services and drinking places continued to trend up in December (+24,000). Over the year, food services and drinking places has added 230,000 jobs.
Construction employment changed little in December. Within the industry, nonresidential specialty trade contractors added 20,000 jobs over the month, mostly offsetting losses over the prior 2 months.
Employment in professional and business services changed little in December for the second month in a row. The industry added 42,000 jobs per month, on average, during the first 10 months of 2011.
Government employment changed little in December but was down by 280,000 over the year. Job losses in 2011 occurred in local government; state government, excluding education; and the U.S. Postal Service.
The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour to 34.4 hours in December. The manufacturing workweek increased by 0.1 hour to 40.5 hours. Factory overtime decreased by 0.1 hour to 3.2 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged up by 0.1 hour to 33.7 hours. (See tables B-2 and B-7.)
In December, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents, or 0.2 percent, to $23.24. Over the past 12 months, average hourly earnings have increased by 2.1 percent. In December, average hourly earnings of private-sector production and nonsupervisory employees were unchanged at $19.54. (See tables B-3 and B-8.)
The change in total nonfarm payroll employment for October was revised from +100,000 to +112,000, and the change for November was revised from +120,000 to +100,000.
The End of Suburbia
Documentary about peak oil and the sustainability (or lack thereof) of the suburban model.
Secret information for campaign favors
Does this honestly shock anyone any more – via the WSJ
video
American Judicial System
How deep does the rabbit hole go
Via Barons regarding MF global customers silver and gold bullion now being seized by trustee.
The Silver Rush at MF Global
By ERIN E. ARVEDLUND
December 17, 2011
It’s one thing for $1.2 billion to vanish into thin air through a series of complex trades, the well-publicized phenomenon at bankrupt MF Global. It’s something else for a bar of silver stashed in a vault to instantly shrink in size by more than 25%.
That, in essence, is what’s happening to investors whose bars of silver and gold were held through accounts with MF Global.
The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets—gold, silver, cash, options, futures and commodities—into a single pool that would pay customers only 72% of the value of their holdings. In other words, while traders already may have paid the full price for delivery of specific bars of gold or silver—and hold “warehouse receipts” to prove it—they’ll have to forfeit 28% of the value.
That has investors fuming. “Warehouse receipts, like gold bars, are our property, 100%,” contends John Roe, a partner in BTR Trading, a Chicago futures-trading firm. He personally lost several hundred thousand dollars in investments via MF Global; his clients lost even more. “We are a unique class, and instead, the trustee is doing a radical redistribution of property,” he says.
Roe and others point out that, unlike other MF Global customers, who held paper assets, those with warehouse receipts have claims on assets that still exist and can be readily identified.
The tussle has been obscured by former CEO Jon Corzine’s appearances on Capitol Hill. But it’s a burning issue for the Commodity Customer Coalition, a group that says it represents some 8,000 investors—many of them hedge funds—with exposure to MF Global. “I’ve issued a declaration of war,” says James Koutoulas, lead attorney for the group, and CEO of Typhon Capital Management.
At stake is an unspecified, but apparently large, volume of gold and silver bars slated for delivery to traders through accounts at MF Global, which filed for bankruptcy on Oct. 31. Adding insult to the injury: Of the 28% haircut, attorney and liquidation trustee James Giddens has frozen all asset classes, meaning that traders have sat helplessly as silver prices have dropped 31% since late August, and gold has fallen 16%. To boot, the traders are still being assessed fees for storage of the commodities…
Food for thought
War on drugs
http://www.youtube.com/watch?v=o8Y9-JlSRXw
Newt-a-thon
Some hilarious Newt videos:
Ron Paul attack ad:
On Child Labour Laws:
Pledges personal fidelity in marriage:
Meets with Arafat and also calls Palestinians a made up people:
If you want this man to be president you have some interesting views about where America should go. If you want Republicans to have a chance of winning, perhaps put up someone who has less skeletons in his closet.
