Market Soapbox 04/03/07
TUE, broadbased triple digit up day, DJIA +128 on low volume with pretty internals. All UP cept DJUA.
Bonds down 10 yr yield +1 bps 4.66, $ up vs 118.965y & vs 1.3326E, WTI crude down 2% $64.64, gold down $669.7.
US Car sales down with further production cuts, oil down big as the dollar rallied on pending home sales +0.7%, down -8.5% YTD, the markets roared....
Accredited Home Lending got bailed out, for now.... Factory Orders & ISM Services on the morrow.... along with Circuit City and Best Buy...
SP500 jumped from 1424 to 1440, NDX hit 1802, perhaps more perculation up by Friday to SP500 1455 & NDX can fill his 02/27 gap down at 1820... then?
Bonds down 10 yr yield +1 bps 4.66, $ up vs 118.965y & vs 1.3326E, WTI crude down 2% $64.64, gold down $669.7.
US Car sales down with further production cuts, oil down big as the dollar rallied on pending home sales +0.7%, down -8.5% YTD, the markets roared....
Accredited Home Lending got bailed out, for now.... Factory Orders & ISM Services on the morrow.... along with Circuit City and Best Buy...
SP500 jumped from 1424 to 1440, NDX hit 1802, perhaps more perculation up by Friday to SP500 1455 & NDX can fill his 02/27 gap down at 1820... then?
Comments