Market Soapbox 05/24/06
Resistance: DJIA 11775; SP500 1335; Nasdaq 2380; NDX 1750
Support: DJIA 10850; SP500 1250; Nasdaq 2150; NDX 1550
In our top story tonight, Generalissimo Francisco Franco is STILL dead. $22 Billion 2yr note auction, high yield 4.933% and indirect bidders checked in strong @ 30.9%.
Bonds DOWN with the 30 yr yield rising @ 5.13%; 10 yr @ 5.04; 5 yr @ 4.93; 2yr @ 4.93`; 6 mo @ 4.99. 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, DJIA a deceiving -19 on another broadbased selloff with Hindenburg like internals on lower volume. The good news?? bouncing up into the close from over 70 points down.
TUE, mirror image of MON, DJIA up over 70, then pffffttttt into the close DJIA -27 on steady volume with semi ugly internals.
WEN, a choppy day with a late surge DJIA +19 on higher volume with ugly internals. This week DJIA -27, since 09/19/05 DJIA +486.
Indexes UP: DJUA, NDX, SOX DOWN: DJTA, NYSE, XAU, XOI, MID, RUT
Sectors UP: Biotech, Tech, Utilities, Consumer, Semis, DOWN: Airlines, Natural Gas, Gold Bugs, Oil, Commodity, Healthcare
Overseas: DAX , CAC, FTSE, Hang Seng & Nikkei 225 DOWN.
Dollar UP BIG vs. Euro 1.2797 & vs. Yen 112.31, XAU & gold DOWN 5.3% @ 640.8, XOI & crude DOWN @ 69.80, CRB commodities index DOWN @ 342.51
The market was getting pounded again, then commodities took a dive, bonds dipped & stocks made a late day attempt at a rebound. Thurs, GDP awaits, Fri, PCE chain deflator. Slip, slidin away....
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 10850; SP500 1250; Nasdaq 2150; NDX 1550
In our top story tonight, Generalissimo Francisco Franco is STILL dead. $22 Billion 2yr note auction, high yield 4.933% and indirect bidders checked in strong @ 30.9%.
Bonds DOWN with the 30 yr yield rising @ 5.13%; 10 yr @ 5.04; 5 yr @ 4.93; 2yr @ 4.93`; 6 mo @ 4.99. 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, DJIA a deceiving -19 on another broadbased selloff with Hindenburg like internals on lower volume. The good news?? bouncing up into the close from over 70 points down.
TUE, mirror image of MON, DJIA up over 70, then pffffttttt into the close DJIA -27 on steady volume with semi ugly internals.
WEN, a choppy day with a late surge DJIA +19 on higher volume with ugly internals. This week DJIA -27, since 09/19/05 DJIA +486.
Indexes UP: DJUA, NDX, SOX DOWN: DJTA, NYSE, XAU, XOI, MID, RUT
Sectors UP: Biotech, Tech, Utilities, Consumer, Semis, DOWN: Airlines, Natural Gas, Gold Bugs, Oil, Commodity, Healthcare
Overseas: DAX , CAC, FTSE, Hang Seng & Nikkei 225 DOWN.
Dollar UP BIG vs. Euro 1.2797 & vs. Yen 112.31, XAU & gold DOWN 5.3% @ 640.8, XOI & crude DOWN @ 69.80, CRB commodities index DOWN @ 342.51
The market was getting pounded again, then commodities took a dive, bonds dipped & stocks made a late day attempt at a rebound. Thurs, GDP awaits, Fri, PCE chain deflator. Slip, slidin away....
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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