Market Soapbox Week Ending 12/15/06
Resistance: DJIA 12500; SP500 1440; Nasdaq 2470; NDX 1810
Support: DJIA 12000, SP500 1400, Nasdaq 2390; NDX 1760
MAJOR YIELD CURVE INVERSION: Bonds DOWN with the 30 yr yield rising @ 4.71%; 10 yr @ 4.59; 5 yr @ 4.57; 2yr @ 4.72; 6 mo @ 5.05.
Recent Inversions: 2yr above 10 yr 12/27 - 03/07; 03/20 - 3/29; 06/08 - 07/26. 2yr above 30 yr 02/09 - 03/07 & 03/21 - 3/29; 6mo & 2yr above 30yr 06/13 - 07/20.
2yr above 10yr 08/03 - ?; 6mo above 10yr 06/02 -?; 6mo above 30yr 06/13 - ? 2 yr above 30yr 11/03 - ?
MON, another small bounce, DJIA +21 on lower volume with nice internals. All UP cept MID & SOXX. Bonds, $, gold up, oil down.
TUE, small but broad downswing, DJIA +13 on average volume with not so nice internals. All DOWN cept DJUA, OEX, Bonds, $ up, gold, crude down.
WEN, sideways, DJIA +2 on lower volume with midlin internals. All UP cept XAU, SOXX, DJTA. Bonds down BIG, $, gold, crude up.
THU, broad upsurge, DJIA +99 on average volume with brillant internals. All UP, bonds down again with gold, $ & crude up.
FRI, a early spurt up, then pullback, DJIA +29 on higher volume with midlin internals.
All UP cept DJUA, DJTA, SOX, XOI, XAU, MID, RUT, XMI, NYA. SP500 touched 1431, bonds & gold down, $ & crude up.
This week DJIA +164, since 09/19/05 DJIA +1812.
Dollar UP vs. Euro 1.3082 & vs. Yen 118.08, XAU 142.83 & gold DOWN @ 619.30, XOI 1227.90 & crude UP @ $63.37, CRB commodities index UP @ 313.34.
Support: DJIA 12000, SP500 1400, Nasdaq 2390; NDX 1760
MAJOR YIELD CURVE INVERSION: Bonds DOWN with the 30 yr yield rising @ 4.71%; 10 yr @ 4.59; 5 yr @ 4.57; 2yr @ 4.72; 6 mo @ 5.05.
Recent Inversions: 2yr above 10 yr 12/27 - 03/07; 03/20 - 3/29; 06/08 - 07/26. 2yr above 30 yr 02/09 - 03/07 & 03/21 - 3/29; 6mo & 2yr above 30yr 06/13 - 07/20.
2yr above 10yr 08/03 - ?; 6mo above 10yr 06/02 -?; 6mo above 30yr 06/13 - ? 2 yr above 30yr 11/03 - ?
MON, another small bounce, DJIA +21 on lower volume with nice internals. All UP cept MID & SOXX. Bonds, $, gold up, oil down.
TUE, small but broad downswing, DJIA +13 on average volume with not so nice internals. All DOWN cept DJUA, OEX, Bonds, $ up, gold, crude down.
WEN, sideways, DJIA +2 on lower volume with midlin internals. All UP cept XAU, SOXX, DJTA. Bonds down BIG, $, gold, crude up.
THU, broad upsurge, DJIA +99 on average volume with brillant internals. All UP, bonds down again with gold, $ & crude up.
FRI, a early spurt up, then pullback, DJIA +29 on higher volume with midlin internals.
All UP cept DJUA, DJTA, SOX, XOI, XAU, MID, RUT, XMI, NYA. SP500 touched 1431, bonds & gold down, $ & crude up.
This week DJIA +164, since 09/19/05 DJIA +1812.
Dollar UP vs. Euro 1.3082 & vs. Yen 118.08, XAU 142.83 & gold DOWN @ 619.30, XOI 1227.90 & crude UP @ $63.37, CRB commodities index UP @ 313.34.
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