Category Archives: Blog

Hooper Update

The SP daily pattern hit the upside at 2003.75. The weekly (coming off the last down pattern week) has an upside target of 2008.75

The 5 yr Note had a black diamond (upside and downside pattern in same session) yesterday on the Fed….avoid it.

EDM6 and EDM17 trade poorly reflecting 1.63 and 2.63 respectively. Dots way higher.

Classical Thursday

 30 minute atr
 daily pivots
 weekly pivots
 upside retracements
 downside retracements
 regression channels
price support and resistance
On the economic calendar:-
08:30 Housing Starts (Consensus 1.038 M v Prior 1.093 M)
          Jobless Claims (Consensus 305 K v Prior 315 K)
09:45 Bloomber Consumer Comfort Index
10:00 Philadelphia Fed Survey (Consensus 23.0 v Prior 28.0)
10:30 EIA Natural Gas Report
11:00 3 Month Bill Announcement
          6 Month Bill Announcement
          2 Year FRN Announcement
          2 Year Note Announcement
          5 Year Note Announcement
          7 Year Note Announcement
13:00 10 Year TIPS Auction
16:30 Fed Balance Sheet
          Money Supply
POMO:-
10:15 – 11:00 Outright Treasury Coupon Purchases between $0.25 – $0.35 billion
Speaking today:-
08:45 Janet Yellen

 

Classical Wednesday

 30 minute atr
 daily pivots
 weekly pivots
 upside retracements
 downside retracements
 regression channels
price support and resistance
On the economic calendar:-
07:00 MBA Purchase Applications
08:30 Consumer Price Index (Consensus 0.0% v Prior 0.1%)
           Current Account (Consensus $-114.0 B v Prior $-111.2 B)
10:00 Housing Market Index (Consensus 56 v Prior 55)
10:30 EIA Petroleum Status Report
14:00 FOMC Meeting Announcement (Consensus 0 to 0.25% v Prior 0 to 0.25%)
          FOMC Forecasts
          Chair Press Conference
POMO:-
None today

4.86 for 100 Years

from Bloomberg News:

Century Club

This would be Ohio State’s second century offer. In 2011, it became the first public school to issue 100-year taxable debt when it sold $500 million. In earlier issues, Walt Disney Co. (DIS) sold centuries in 1993 and the Port Authority of New York and New Jersey followed a year later. Yale University and the Massachusetts Institute of Technology have sold centuries into the corporate market. So has railroad Norfolk Southern Corp.

Ohio State is determining whether to issue taxable bonds due in 2114 or tax-free securities due in 30 years, Papadakis said. The Cleveland Clinic borrowed Sept. 11 via the corporate market at an interest rate of 4.86 percent for a century, data compiled by Bloomberg show.

While historically low yields are luring issuers, some investors are balking at longer debt.

BlackRock Inc., the world’s largest asset manager, is shifting to 10- to 15-year bonds from longer maturities, Peter Hayes, the company’s head of municipal debt, said in a Sept. 10 report. Fidelity Investments is also focusing on intermediate debt, said Kevin Ramundo, a money manager who helps oversee its $28.6 billion of state and local securities.

And TeeVee’s telling you about the Fed changing some words.

Classical Tuesday

 30 minute atr
 daily pivots
 weekly pivots
 upside retracements
 downside retracements
 regression channels
price support and resistance
On the economic calendar:-
FOMC Meeting begins
07:45 ICSC-Goldman Store Sales
08:55 Redbook
09:00 Treasury International Capital
11:30 4 Week Bill Auction
          52 Week Bill Auction
POMO:-
10:15 – 11:00 Outright Treasury Coupon Purchases between $2.00 – $2.50 billion