Market Soapbox 05/17/06
Resistance: DJIA 11775; SP500 1335; Nasdaq 2380; NDX 1750
Support: DJIA 11000; SP500 1250; Nasdaq 2175; NDX 1575
In our top story tonight, Generalissimo Francisco Franco is STILL dead. Economic news in today's other post.
Bonds DOWN BIG with the 30 yr yield rising @ 5.28%; 10 yr @ 5.16; 5 yr @ 5.04; 2yr @ 4.98; 6 mo @ 5.02. 2yr above 10 yr 12/27 - 03/07 & 03/20 - 3/29. 2yr above 30 yr 02/09 - 03/07 & 03/21 - 3/29.
MON, a wicked up & down day, DJIA a deceiving +48 with a late surge, on steady volume with butt ugly internals.
TUES, another whipsaw day, DJIA -9 on steady volume with lousy internals.
WEN, A day to reckon. What was that sound? Elephants heading for the exits, DJIA down 214 points on slightly lower volume and horrible internals. This week DJIA -175, since 09/19/05 DJIA +564.
Indexes UP: NONE DOWN: EVERYTHING BIG TIME, DJTA -2%, NYSE -2%, XAU -2.6%, XOI, -2.5%
Sectors UP: Healthcare DOWN: Everything else crushed down.
Overseas: DAX, CAC, FTSE all crushed BIG -3%, Hang Seng & Nikkei 225 UP.
Dollar UP vs. Euro 1.2769 & vs. Yen 110.49, XAU & gold DOWN @ 691.8, XOI & crude DOWN @ 69.10, CRB commodities index DOWN @ 349.2
Market Observations in todays 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 11000; SP500 1250; Nasdaq 2175; NDX 1575
In our top story tonight, Generalissimo Francisco Franco is STILL dead. Economic news in today's other post.
Bonds DOWN BIG with the 30 yr yield rising @ 5.28%; 10 yr @ 5.16; 5 yr @ 5.04; 2yr @ 4.98; 6 mo @ 5.02. 2yr above 10 yr 12/27 - 03/07 & 03/20 - 3/29. 2yr above 30 yr 02/09 - 03/07 & 03/21 - 3/29.
MON, a wicked up & down day, DJIA a deceiving +48 with a late surge, on steady volume with butt ugly internals.
TUES, another whipsaw day, DJIA -9 on steady volume with lousy internals.
WEN, A day to reckon. What was that sound? Elephants heading for the exits, DJIA down 214 points on slightly lower volume and horrible internals. This week DJIA -175, since 09/19/05 DJIA +564.
Indexes UP: NONE DOWN: EVERYTHING BIG TIME, DJTA -2%, NYSE -2%, XAU -2.6%, XOI, -2.5%
Sectors UP: Healthcare DOWN: Everything else crushed down.
Overseas: DAX, CAC, FTSE all crushed BIG -3%, Hang Seng & Nikkei 225 UP.
Dollar UP vs. Euro 1.2769 & vs. Yen 110.49, XAU & gold DOWN @ 691.8, XOI & crude DOWN @ 69.10, CRB commodities index DOWN @ 349.2
Market Observations in todays 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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