In response to Chávez' demands for equity, ExxonMobil and ConocoPhillips opt to walk away from what may be the world's largest potential oil reserves http://www.businessweek.com/globalbi...ndex_top+story
IIC's Winners Watchlists
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"Trade What Is Happening...Not What You Think Is Gonna Happen"
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Nasdaq Comp got a Parabolic Sell Signal today...so did the Naz 100...SPX got one on Monday"Trade What Is Happening...Not What You Think Is Gonna Happen"
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Bot PFWD as it went thru 16.50 near the end...watch BRLI tomorrow"Trade What Is Happening...Not What You Think Is Gonna Happen"
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For such a BIG up day the MoMo List, IIC 100 New Highs and the IBD 100 New Highs(which I don't post) lists were unusually short."Trade What Is Happening...Not What You Think Is Gonna Happen"
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Originally posted by riverbabe View PostYou are incredible. I mean incredible. Thank you. B.
Watch it...Tatnic might get jealous...lol"Trade What Is Happening...Not What You Think Is Gonna Happen"
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Fed Leaves Rates At 5.25%; Still Sees Inflation Risk
The Federal Reserve on Thursday kept the federal funds rate steady as expected and signaled that it is not yet satisfied with the recent drop in core inflation to the top end of its long-assumed comfort zone.
While officials acknowledged recent price improvement and said they expect inflation to keep moderating, they said the downtrend hasn't been "convincingly" established.
They also upgraded their economic assessment, further evidence that officials aren't contemplating rate cuts in the foreseeable future, as Wall Street once hoped.
The Federal Open Market Committee voted unanimously to hold the federal funds rate at 5.25%, where it has stood since June of last year, a period encompassing eight meetings. Many economists expect it to remain there for the rest of the year, though financial markets still think the Fed's next move eventually will be to cut rates, not raise them.
"Readings on core inflation have improved modestly in recent months," the Fed said in a statement. "However, a sustained moderation in inflation pressures has yet to be convincingly demonstrated," it said.
Core inflation edged lower between the May and June FOMC meetings, with the Fed's preferred gauge - the price index for personal consumption expenditures excluding food and energy - running at a 2% annual rate through April, its lowest since early 2006. But a government report Thursday showing an upward revision to first quarter core PCE makes it less likely that the annual rate will dip below 2% when May numbers are released Friday.
The Fed doesn't have an official inflation target, but has long been assumed to have a comfort zone between 1% and 2% for core PCE. Yet recent remarks by officials suggest some uncertainty on whether the Fed is satisfied with the top end of that range or wants it toward the 1.5% midpoint, as Richmond Fed President Jeffrey Lacker and Chicago Fed President Michael Moskow have said they'd prefer.
Despite the recent drop in core inflation, the "predominant" concern is that it will fail to moderate as expected, the Fed said.
Officials repeated that high resource utilization, a nod to the tight employment market, remains an inflation risk.
As expected, the Fed upgraded its assessment of the economy, saying growth has been "moderate." It repeated its forecast for "moderate" economic growth in the months ahead. Recent reports on employment and manufacturing have been largely upbeat, suggesting the economy will expand 3% or higher in the second quarter. It grew just 0.7% in the first.
The Fed continued to describe the adjustment in housing as "ongoing," which is of little surprise as both new and existing home sales fell in May, suggesting the slump in that beleaguered sector still has a ways to go.
Fed Chairman Ben Bernanke will have a chance to expand on the Fed's economic and interest-rate outlook when he delivers his semiannual testimony to Congress next month."Trade What Is Happening...Not What You Think Is Gonna Happen"
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Text Of Federal Reserve's Interest Rate Decision
NEW YORK (Dow Jones)--The following is the text of the Federal Reserve's decision on interest rates released Thursday, June 28:
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.
Economic growth appears to have been moderate during the first half of this year, despite the ongoing adjustment in the housing sector. The economy seems likely to continue to expand at a moderate pace over coming quarters.
Readings on core inflation have improved modestly in recent months. However, a sustained moderation in inflation pressures has yet to be convincingly demonstrated. Moreover, the high level of resource utilization has the potential to sustain those pressures.
In these circumstances, the Committee's predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information.
Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; Timothy F. Geithner, Vice Chairman; Thomas M. Hoenig; Donald L. Kohn; Randall S. Kroszner; Cathy E. Minehan; Frederic S. Mishkin; Michael H. Moskow; William Poole; and Kevin M. Warsh."Trade What Is Happening...Not What You Think Is Gonna Happen"
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No trades today...It was a bad start as I accidently deleted my "A" Watchlist...Took me a while to put it back together.
By that time I was busy...so I just watched off/on when I could.
Although I may not appear so...I like to be very organized when I'm trading...That snafu sorta messed me up so I said forget it."Trade What Is Happening...Not What You Think Is Gonna Happen"
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No trades again today...Nothing really looked that great."Trade What Is Happening...Not What You Think Is Gonna Happen"
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I have the IIC 100 for next week and I'll post it tomorrow...However, I've received a few emails recently asking why MTOX is not on my list...
MTOX is not on it again next week...The resaon is that I use more forward looking info than some 100 lists and projections going out 8 quarters don't meet the min. parameters I set up...Doesn't mean it won't go up or that it is not a good co...It just doesn't qualify to make my list."Trade What Is Happening...Not What You Think Is Gonna Happen"
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"Trade What Is Happening...Not What You Think Is Gonna Happen"
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IIC 100
YOU CAN VIEW ALL THE CHARTS OF THE IIC 100 AT Stockcharts.com's "PUBLIC CHART LISTS" Simply click the link below:
IIC 100 at Stockcharts.com
And don't forget to see our Daily List of MoMo stocks along with Daily IIC 100 New Highs and Weekly Technical Scans Of Select IIC 100 Stocks including "THE CHART OF THE WEEK" at:
ALL NEW at http://SharpTraders.com : Weekly list of Cups with Handles posted every Sunday
AND...Mr. Breakout has a SPECIAL FREE OFFER for RealTime Streaming Index charts...Visit
MrBreakout.com
THANKS, DOUG(IIC)
IIC 100 for 7/2/07
BTJ, FTK, TBSI, CROX, SNCR, CRNT, PTT, SLP, RIMM, CYNO, BCSI, GSOL, BPHX, JASO, PRXI, RNO, VDSI, DGIT, MOS, BIDU, CLRK, CNH, ARGN, SPWR, OI, AMZN, GTLS, FRPT, CPLA, ICE, MICC, GIVN, RGR, HHGP, TTEC, DRC, JCG, GPOR, KTEC, GCOM, BEAV, PENX, TEO, BKI, ZOLT, OMPI, PDGI, TESO, NETC, CMG, FMCN, GME, VOCS, FLWS, AMRI, IGLD, FARO, HPGP, UNCA, HTZ, MYS, RRST, CNQR, CBEY, LWAY, MPP, IMA, IFSIA, MKTX, ININ, BW, DV, TMB, EDO, INWK, RIG, NE, FLS, CEVA, PRX, GPX, KALU, AYR, HGRD, WMS, AIR, DO, MYE, PDE, HMSY, BITI, CIEN, GEF, GSF, THE, ELY, XRIT, KSU, FALC, VSCN
By request, here is the IIC 100 in a vertical format:
BTJ
FTK
TBSI
CROX
SNCR
CRNT
PTT
SLP
RIMM
CYNO
BCSI
GSOL
BPHX
JASO
PRXI
RNO
VDSI
DGIT
MOS
BIDU
CLRK
CNH
ARGN
SPWR
OI
AMZN
GTLS
FRPT
CPLA
ICE
MICC
GIVN
RGR
HHGP
TTEC
DRC
JCG
GPOR
KTEC
GCOM
BEAV
PENX
TEO
BKI
ZOLT
OMPI
PDGI
TESO
NETC
CMG
FMCN
GME
VOCS
FLWS
AMRI
IGLD
FARO
HPGP
UNCA
HTZ
MYS
RRST
CNQR
CBEY
LWAY
MPP
IMA
IFSIA
MKTX
ININ
BW
DV
TMB
EDO
INWK
RIG
NE
FLS
CEVA
PRX
GPX
KALU
AYR
HGRD
WMS
AIR
DO
MYE
PDE
HMSY
BITI
CIEN
GEF
GSF
THE
ELY
XRIT
KSU
FALC
VSCN"Trade What Is Happening...Not What You Think Is Gonna Happen"
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