Market Soapbox 06/26/06
Resistance: DJIA 11775; SP500 1335; Nasdaq 2380; NDX 1750
Support: DJIA 10650, SP500 1210, Nasdaq 2050; NDX 1500
In our top story tonight, the leader of al-Qaida in Iraq, Abu Musab al-Zarqawi, is STILL dead and someone else has taken his place.
Treasuries fell for the 9th straight day, the longest losing streak since 10 days in 1974. More economic news & market observations in todays other post.
MAJOR YIELD CURVE INVERSION: Bonds DOWN 9th straight session with the 30 yr yield rising @ 5.27%; 10 yr @ 5.23; 5 yr @ 5.21; 2yr @ 5.25; 6 mo @ 5.28.
Recent Inversions: 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 - ? 6mo & 2yr above 30yr 06/13 - ?
MON, an up day on lower volume with decent internals, DJIA +56. This week DJIA +56, since 09/19/05 DJIA +405.
Indexes UP: SOX, XAU, XOI, RUT DOWN: DJTA
Sectors UP: Reits, Banking, Semis, Oil, Brokers, Gold Bugs DOWN: Airlines, Healthcare, Telecom
Overseas: FTSE, CAC , DAX, Hang Seng all DOWN & Nikkei 225 UP.
Dollar DOWN vs. Euro 1.2663 & Yen 114.87, XAU UP & gold DOWN @ 587.2, XOI & crude UP +1.4% @ 71.82, CRB commodities index UP @ 337.37
Todays treasury auctions, $15B in 3mo bills @4.905%; $14B in 6mo bills @5.110%. Tomorrow, $22B 2 yr note auction. Wen, $14B 5yr note auction. Perhaps another day or so up before a slide down?
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 10650, SP500 1210, Nasdaq 2050; NDX 1500
In our top story tonight, the leader of al-Qaida in Iraq, Abu Musab al-Zarqawi, is STILL dead and someone else has taken his place.
Treasuries fell for the 9th straight day, the longest losing streak since 10 days in 1974. More economic news & market observations in todays other post.
MAJOR YIELD CURVE INVERSION: Bonds DOWN 9th straight session with the 30 yr yield rising @ 5.27%; 10 yr @ 5.23; 5 yr @ 5.21; 2yr @ 5.25; 6 mo @ 5.28.
Recent Inversions: 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 - ? 6mo & 2yr above 30yr 06/13 - ?
MON, an up day on lower volume with decent internals, DJIA +56. This week DJIA +56, since 09/19/05 DJIA +405.
Indexes UP: SOX, XAU, XOI, RUT DOWN: DJTA
Sectors UP: Reits, Banking, Semis, Oil, Brokers, Gold Bugs DOWN: Airlines, Healthcare, Telecom
Overseas: FTSE, CAC , DAX, Hang Seng all DOWN & Nikkei 225 UP.
Dollar DOWN vs. Euro 1.2663 & Yen 114.87, XAU UP & gold DOWN @ 587.2, XOI & crude UP +1.4% @ 71.82, CRB commodities index UP @ 337.37
Todays treasury auctions, $15B in 3mo bills @4.905%; $14B in 6mo bills @5.110%. Tomorrow, $22B 2 yr note auction. Wen, $14B 5yr note auction. Perhaps another day or so up before a slide down?
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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