Market Soapbox 01/29/07
MON, down & sideways, split tape, DJIA +4 on average volume with midlin internals.
All DOWN cept RUT, MID, NDX, DJTA. Bonds down 10 yr 4.89, $ up vs 121.82y & down vs 1.2952E, WTI crude down -2.8% $53.86, gold down $649.20.
Financials & bonds got clubbed on rate concerns while transports rose on crudes plunge. Early SP500 rise then late fall to rest at 1420, treading in dangerous waters.
VIX steady, average volume, a sudden drop below this level to close for 2 days could be a big red flag.
All DOWN cept RUT, MID, NDX, DJTA. Bonds down 10 yr 4.89, $ up vs 121.82y & down vs 1.2952E, WTI crude down -2.8% $53.86, gold down $649.20.
Financials & bonds got clubbed on rate concerns while transports rose on crudes plunge. Early SP500 rise then late fall to rest at 1420, treading in dangerous waters.
VIX steady, average volume, a sudden drop below this level to close for 2 days could be a big red flag.
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