Market Soapbox 03/28/06
Resistance: DJIA 11325; SP500 1310; Nasdaq 2325; NDX 1710
Support: DJIA 10950; SP500 1270; Nasdaq 2250; NDX 1635
In our top story tonight, Generalissimo Francisco Franco is STILL dead. Consumer Confidence 107.2 vs prior 102.7 highest reading in 4 years. FOMC Policy Statement in today's other post.
YIELD CURVE INVERSION, Bonds DOWN BIG with the 30 yr yield rising @ 4.79%; 10 yr @ 4.78; 5 yr @ 4.78; 2yr @ 4.79; 6 mo @ 4.90. 2yr above 10 yr 12/27 - 03/07 & since 03/20. 2yr above 30 yr 02/09 - 03/07 & since 03/21.
DJIA week ending: 09/23 -270 breaking key support, 09/30 +148, 10/07 -281, 10/14 -6, 10/21 -77. (5 week loss -486). 10/28 recovery begins +186, 11/04 +128, 11/11 +154, 11/18 +79, 11/25 +165, (5 week gain +712).
12/02 -53, 12/09 -99, 12/16 +99, 12/23 +8, 12/30 -168, (5 week loss -213). 01/06 +242 on a broadbased new year buy in, 01/13 +0, 01/20 -292, 01/27 +240, 02/03 -113. (5 week gain +77).
02/10 +125, 02/17 +196, 02/24 -52. 03/03 +6. 03/10 +61, (5 week gain +336). 03/17 +159, 03/24 +0 (2 week gain +159). Mon, DJIA -30 on lower volume with midlin internals.
Today, a WWF slapdown from 2:15PST on. DJIA -96 on increased volume with ugly internals. This week DJIA -126, since 09/23/05 DJIA +464.
FLAT: XOI. DOWN: All others trampled underfoot. DAX, CAC, FTSE all down, Hang Seng & Nikkei 225 up. UP: Natural Gas, REIT's, Energy, Internet, Oil Services DOWN: All other sectors beat down like cheap conga drums.
Dollar UP vs. Euro 1.2069 & vs. Yen 116.66, XAU & gold DOWN @ 569.6, XOI & crude UP 3%@ 66.07, CRB commodities index UP @ 331.66. Natural Gas +2.3%
Looking ahead at potential market influences: Mar 29 $14 B 5 yr note auction, EIA Crude; Mar 30 Chain Deflator, GDP, Inital Claims; Mar 31 Personal Income and Spending, Mich Sentiment, Chicago PMI, Factory Orders. Market Observations in today's other post.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
Support: DJIA 10950; SP500 1270; Nasdaq 2250; NDX 1635
In our top story tonight, Generalissimo Francisco Franco is STILL dead. Consumer Confidence 107.2 vs prior 102.7 highest reading in 4 years. FOMC Policy Statement in today's other post.
YIELD CURVE INVERSION, Bonds DOWN BIG with the 30 yr yield rising @ 4.79%; 10 yr @ 4.78; 5 yr @ 4.78; 2yr @ 4.79; 6 mo @ 4.90. 2yr above 10 yr 12/27 - 03/07 & since 03/20. 2yr above 30 yr 02/09 - 03/07 & since 03/21.
DJIA week ending: 09/23 -270 breaking key support, 09/30 +148, 10/07 -281, 10/14 -6, 10/21 -77. (5 week loss -486). 10/28 recovery begins +186, 11/04 +128, 11/11 +154, 11/18 +79, 11/25 +165, (5 week gain +712).
12/02 -53, 12/09 -99, 12/16 +99, 12/23 +8, 12/30 -168, (5 week loss -213). 01/06 +242 on a broadbased new year buy in, 01/13 +0, 01/20 -292, 01/27 +240, 02/03 -113. (5 week gain +77).
02/10 +125, 02/17 +196, 02/24 -52. 03/03 +6. 03/10 +61, (5 week gain +336). 03/17 +159, 03/24 +0 (2 week gain +159). Mon, DJIA -30 on lower volume with midlin internals.
Today, a WWF slapdown from 2:15PST on. DJIA -96 on increased volume with ugly internals. This week DJIA -126, since 09/23/05 DJIA +464.
FLAT: XOI. DOWN: All others trampled underfoot. DAX, CAC, FTSE all down, Hang Seng & Nikkei 225 up. UP: Natural Gas, REIT's, Energy, Internet, Oil Services DOWN: All other sectors beat down like cheap conga drums.
Dollar UP vs. Euro 1.2069 & vs. Yen 116.66, XAU & gold DOWN @ 569.6, XOI & crude UP 3%@ 66.07, CRB commodities index UP @ 331.66. Natural Gas +2.3%
Looking ahead at potential market influences: Mar 29 $14 B 5 yr note auction, EIA Crude; Mar 30 Chain Deflator, GDP, Inital Claims; Mar 31 Personal Income and Spending, Mich Sentiment, Chicago PMI, Factory Orders. Market Observations in today's other post.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
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