Market Soapbox 06/08/06
Resistance: DJIA 11775; SP500 1335; Nasdaq 2380; NDX 1750
Support: DJIA 10875; SP500 1245; Nasdaq 2135; NDX 1555
In our top story tonight, the leader of al-Qaida in Iraq, Abu Musab al-Zarqawi, is STILL dead. More news and market observations in today's other posts. Sorry about the lateness, but blogger has been boggered down of late..
YIELD CURVE INVERSION: Bonds UP with the 30 yr yield falling @ 5.06%; 10 yr @ 4.99; 5 yr @ 4.94; 2yr @ 5.00`; 6 mo @ 5.05. 2yr above 10 yr 12/27 - 03/07 & 03/20 - 3/29. 2yr above 30 yr 02/09 - 03/07 & 03/21 - 3/29. 6mo above 10yr 06/02 -?; 2yr above 10yr 06/08 - ?
MON, a broadbased triple digit selloff on very low volume with absolutely horrific internals. A real burial in the last 2 hours of trading DJIA-199.
TUE, at one point back to back TRIPS DOWN, but bouncing BIGTIME into the close on higher volume with ugly internals DJIA -47.
WEN, up 75 early, then a reversal, tanking into the close, DJIA -71 on lighter volume with horrid internals.
THU, a split tape day, down 170 points, then a late rebound into the close. DJIA +8 on higher volume with ugly internals. This week DJIA -309, since 09/19/05 DJIA +298.
Indexes UP: DJUA, XOI DOWN: XAU, MID & NYSE slapped down
Sectors UP: Biotech, Oil, Healthcare, Banking DOWN: All other, Gold Bugs SLAMMED
Overseas: DAX , FTSE, CAC, Hang Seng & Nikkei 225 -3.1% ALL STOMPED -2.5% or more.
Dollar UP BIG vs. Euro 1.2649 & vs. Yen 114.01, XAU -2.4% & gold -3% DOWN @ 611.1, XOI UP & crude DOWN @ 70.35, CRB commodities index DOWN @ 339.23.
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 10875; SP500 1245; Nasdaq 2135; NDX 1555
In our top story tonight, the leader of al-Qaida in Iraq, Abu Musab al-Zarqawi, is STILL dead. More news and market observations in today's other posts. Sorry about the lateness, but blogger has been boggered down of late..
YIELD CURVE INVERSION: Bonds UP with the 30 yr yield falling @ 5.06%; 10 yr @ 4.99; 5 yr @ 4.94; 2yr @ 5.00`; 6 mo @ 5.05. 2yr above 10 yr 12/27 - 03/07 & 03/20 - 3/29. 2yr above 30 yr 02/09 - 03/07 & 03/21 - 3/29. 6mo above 10yr 06/02 -?; 2yr above 10yr 06/08 - ?
MON, a broadbased triple digit selloff on very low volume with absolutely horrific internals. A real burial in the last 2 hours of trading DJIA-199.
TUE, at one point back to back TRIPS DOWN, but bouncing BIGTIME into the close on higher volume with ugly internals DJIA -47.
WEN, up 75 early, then a reversal, tanking into the close, DJIA -71 on lighter volume with horrid internals.
THU, a split tape day, down 170 points, then a late rebound into the close. DJIA +8 on higher volume with ugly internals. This week DJIA -309, since 09/19/05 DJIA +298.
Indexes UP: DJUA, XOI DOWN: XAU, MID & NYSE slapped down
Sectors UP: Biotech, Oil, Healthcare, Banking DOWN: All other, Gold Bugs SLAMMED
Overseas: DAX , FTSE, CAC, Hang Seng & Nikkei 225 -3.1% ALL STOMPED -2.5% or more.
Dollar UP BIG vs. Euro 1.2649 & vs. Yen 114.01, XAU -2.4% & gold -3% DOWN @ 611.1, XOI UP & crude DOWN @ 70.35, CRB commodities index DOWN @ 339.23.
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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