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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "INO.com" <evening@ino.com<@ENRON X-To: Andrew Lewis <alewis@enron.com< X-cc: X-bcc: X-Folder: \ALEWIS (Non-Privileged)\Deleted Items X-Origin: LEWIS-A X-FileName: ALEWIS (Non-Privileged).pst M O N D A Y E V E N I N G E X T R E M E M A R K E T S A complimentary service from INO.com ( http://www.ino.com/ ) Monday: The CRB Index has retreated 1.48 points to 183.52. The US Dollar Index rose 0.88 points to 115.75. The Dow Industrials trended higher 172.92 points, at 9377.03, while the S&P 500 climbed 16.42 points, last seen at 1089.90. The Nasdaq Composite advanced 36.77 points to 1708.08. _____________________________________________________________________ *FREE: 20 PAGE TRADERS HANDBOOK Discusses The Reversal Day Phenomenon http://www.ino.com/specials/tradersnet/reversal.html _____________________________________________________________________ $197,943.75 PROFIT!! 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In just three days, his net profits were a staggering $273,120.00...real time...real money!!! 8 PAGES OF FREE INFORMATION AVAILABLE NOW! http://store.ino.com/sale/1A433/TWFM-FutureMillion <A HREF="http://store.ino.com/sale/1A433/TWFM-FutureMillion"<Shocking Announcement</A< Order Toll Free 800-538-7424 - 410-867-7424 All claims on third-party products are made by the publisher and not by INO.com. All Products Guaranteed. _____________________________________________________________________ E X T R E M E M A R K E T C O M M E N T A R Y _____________________________________________________________________ LIVESTOCK: December live cattle closed off $0.05 at $67.20 today. Friday's USDA monthly cattle-on-feed report was a mixed bag. The placements figure was bullish, but the marketings figure was bearish. December lean hogs closed off $0.43 today at $49.62. Heavy hog runs last week weighed on the futures today, as did ideas of steady to weak cash hog trade on Tuesday. GRAINS: December corn futures closed 1 1/4 cents lower at $2.04 1/4 today. Prices dropped to another fresh 3.5-month low today as the market continues to feel pressure from harvest and uninspired demand. January soybeans closed 2 1/2 cents lower at $4.27 today. Prices hit a contract low in the January contract today. We had more positive news on the export front today, in the form of weekly export inspections being well above expectations. But still, the market could not rally on that friendly news. December Chicago SRW wheat closed off 5 cents at $2.82 today. Prices were due for a corrective pullback this week after they pushed to a fresh seven-week high on Friday. Profit taking was featured today amid weak weekly export inspections figures. SOFTS: March N.Y. sugar closed 9 points lower at 6.64 cents today. Prices closed near the session low, but did hit a fresh three-week high today. Bulls are still gaining confidence, but bears still have the technical edge, overall. December N.Y. coffee closed 135 points lower at 42.50 cents today. Prices set a contract and record low for nearby futures today. There is no doubt the bears are in full command of coffee at present. The only encouraging news to the bulls is the increase in volatility at these lower price levels. December N.Y. cocoa closed $23 lower today, at $1,003. Prices again gapped lower today and scored a new low for the month, and that's just another bearish clue. A new downtrend line has developed on the daily bar chart and bears are in command. December cotton closed 74 points lower at 29.81 cents today. Reports said a big "fund" sell order hit the market to drive prices sharply lower. Prices gapped down to a fresh contract low of 29.60 cents today. That's close to the key 29.50-cent level. January orange juice on Friday afternoon closed at 89.20. That's up 35 points from the Thursday evening close. Prices scored a bullish "outside day" up on Friday and are now very close to the recent high. The bulls still have the edge. METALS: December COMEX gold futures closed off $4.20 today at $276.50 an ounce. More technical damage was done today in gold. Bears are poised to push prices on down to the $275 area in the near term, or below. December silver futures closed $0.038 lower at $4.235 an ounce today. Prices hit another fresh five-week low Thursday, and have almost filled the big upside gap on the daily bar chart that was created in early September. December N.Y. copper closed 15 points higher at 62.50 cents. Prices today dropped to another fresh contract low of 62.00 cents. Bears rule. ENERGIES: December crude closed unchanged at $22.26 today. Prices scored a quiet "inside day" on the daily bar chart. Prices dropped to a four-week low just last Thursday. A big bear flag still may be forming on the daily chart. December heating oil closed 14 points lower, at .6325 today. Prices scored a quiet "inside day" on the daily bar chart today. Prices last Thursday matched the September low. A big bear flag may still be forming on the daily bar chart. December unleaded gasoline closed 27 points higher at .6012 today. Prices scored a fresh yearly low just last Thursday. A bearish pennant pattern on the daily bar chart still could be forming. December natural gas closed $0.085 higher at $3.075 today. Prices today pushed to another six-week high and closed near the session high. Again, the nat gas market had been acting well, given the recent downturn in liquid energies. STOCKS, FINANCIALS, CURRENCIES: The December Euro currency closed 73 points lower today at .8907. Prices scored another fresh six-week low today. Bears are gaining more confidence by the day. The December Japanese yen closed off 94 points at .8191 today. Prices pushed to a fresh 2.5-month low today. Bears have control of the yen. The December Swiss franc closed 60 points lower at .6036 today. A steep four-week-old downtrend line remains in place on the daily bar chart. Importantly, today a longer-term 3.5-month-old uptrend line on the daily bar chart was penetrated on the downside and negated. The December Canadian dollar closed 9 points lower at .6329 today. Significant technical damage has occurred in this currency recently. Prices are now back down close to the April and September lows. The December British pound closed 98 points lower at 1.4202. Prices fell to a fresh 2.5-month low today. Bears have the edge. Technical damage has been inflicted recently. First support is now seen at the 1.4100 level. First resistance is now seen at 1.4300. The September U.S. dollar index closed 92 points higher at 116.10 today. Prices pushed to another fresh five-week high today and the bulls are really gaining strength. It appears a head-and-shoulders bottom reversal pattern has formed on the daily bar chart. December U.S. T-bonds closed 4/32 higher at 106 13/32. The market took a "rest day" today, after the recent active price action. Recently, bull could not push prices above very strong resistance located just above the 107 even. That gives the bears confidence. December S&P 500 futures closed up 20.70 at 1093.20. Prices closed near the session high. Importantly today, prices were not negatively impacted by the news that two postal workers in Washington, D.C. have died from likely inhalation anthrax exposure. Many would have thought that would have spooked the stock market. If prices can push above last week's high of 1114.50, that would be a very positive development for the bulls. Daily Extreme Commentary is brought to you by GLOBALcharts, INO.com's end-of-day charting software for Futures, Futures Options and Optionable Stocks. http://www.globalcharts.com Search the INO Store - http://store.ino.com/ _____________________________________________________________________ I N O N E W S _____________________________________________________________________ Xetra Established As Trading Platform For U.S. Equities http://news.ino.com/press/?release=27086 CME E-Mini Russell 2000 Contracts To Start October 24 http://news.ino.com/press/?release=27085 ____________________________________________________________________________ E X T R E M E F U T U R E S ____________________________________________________________________________ Updated every 10 minutes around the clock. More at http://quotes.ino.com/analysis/extremes/futures/ WINNERS SCX1 Brent Crude Oil Nov 2001 21.70 1.39 +6.84 NGX1 Henry Hub Natural Gas Nov 2001 2.807 0.114 +4.25 XOZ1 Oats Dec 2001 186 1/4 6 1/4 +3.47 ON2 Oats Jul 2002 153 1/2 5 +3.37 NDZ1 NASDAQ 100 Index Dec 2001 1389.50 36.50 +2.70 ZDZ1 Dow Jones Industrial Avg. Dec 2001 9397 208 +2.26 DJZ1 Dow Jones Industrial Avg. Dec 2001 9397 205 +2.23 LBN2 Random Length Lumber Jul 2002 262.00 5.50 +2.14 MDZ1 S&P Midcap 400 Dec 2001 457.00 9.50 +2.12 SPM2 S&P 500 Jun 2002 1099.20 22.00 +2.04 LOSERS DBZ1 Butter Dec 2001 130.000 -5.000 -3.70 KCZ1 Coffee 'C' Dec 2001 42.50 -1.45 -3.31 RRX1 Rough Rice Nov 2001 3.730 -0.120 -3.12 QLX1 Central Appalachian Coal Nov 2001 33.50 -1.00 -2.90 CTZ2 Cotton Dec 2002 36.20 -1.08 -2.90 PBH2 Frozen Pork Bellies Mar 2002 67.850 -1.750 -2.51 CCZ2 Cocoa Dec 2002 1030 -26 -2.47 PLF2 Platinum Jan 2002 413 -10 -2.36 LBH2 Random Length Lumber Mar 2002 244.70 -5.10 -2.04 GCJ2 Gold Apr 2002 277.1 -5.2 -1.85 ____________________________________________________________________________ E X T R E M E S T O C K S ____________________________________________________________________________ Updated every 10 minutes around the clock. More at http://quotes.ino.com/analysis/extremes/stocks/ WINNERS ODWA ODWALLA INC 10.0500 3.2800 +48.24 DVXE DEVX ENERGY INC 6.7600 1.5700 +30.19 ROYL ROYALE ENERGY 7.6600 1.6324 +26.68 CPHD CEPHEID 5.8900 1.1800 +25.11 MAXM MAXIM PHARMACEUTICALS INC 5.1500 0.9400 +22.76 ENDO ENDOCARE INC 21.7600 3.9800 +22.10 SYNP SYNPLICITY INC 8.7500 1.5000 +21.43 SMTI SMTEK INTL INC 7.0000 1.1300 +21.12 ONIS ONI SYSTEMS 6.7500 1.1300 +19.82 ASE AMER SCIENCE & ENGR 12.75 2.15 +19.82 LOSERS TXT-A TEXTRON, $2.08 CV A PFD 153.00 -89.00 -36.78 NBTY NBTY INC 7.2000 -2.7100 -27.40 ENE ENRON CORP 20.65 -5.50 -21.11 MCLDP MCLEOD USA INC SR A CUM PFD 26.0000 -6.7500 -19.85 CTXS CITRIX SYSTEMS 21.0800 -4.1400 -16.42 NMRX NUMEREX CORP 6.0900 -0.9400 -15.16 CANI CARREKER CORP 5.1500 -0.8800 -14.67 AFCI ADVANCED FIBRE COMMUNIC 18.8400 -3.1600 -14.38 COLT COLT TELECOM GROUP ADS 5.6800 -0.9600 -14.22 STOR STORAGENETWORKS INC 5.1100 -0.7700 -13.16 *TWO FREE VIDEOS ON OPTIONS TRADING! Learn How To Optimize Your Stock Portfolio With Options http://www.ino.com/specials/oic-video/video.html _____________________________________________________________________ T H A N K Y O U _____________________________________________________________________ Thank you for subscribing to the Extreme Markets Daily Digest from INO.com ( http://www.ino.com/ ). If you want to subscribe to our other email services, or would like to modify your profile please visit http://www.ino.com/email/. To subscribe a friend, visit: http://www.ino.com/email/ To unsubscribe, visit: http://www.ino.com/email/remove/?email=alewis@enron.com&list=evening -- Copyright 1998-2001 INO.com. All Rights Reserved.
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