Market Soapbox 04/17/07
TUE, split tape, DJIA +52 on low volume with midlin internals. All UP cept NAZ, DJTA, XOI, XAU, RUT, MID, SOXX.
Bonds up BIG 10 yr yield -5 bps 4.68, $ down vs 118.84Y & vs 1.3573E, WTI crude down $63.10, gold down $692.50.
FRI: "Short covering should push the market up next week, unless there's unfavorable quarterly reports or otherwise." And it has...
Manufacturing a shortage... In the first two months of Q1, Chevron said combined U.S. liquids and natural gas production fell 3% when compared with Q4, while combined international liquids and natural gas production fell 1%.
U.S. refinery crude-input volumes declined 20% in the first two months of Q1 due to downtime at Chevron's Richmond, Calif., refinery.
Coca-Cola (KO) and Johnson & Johnson (JNJ) topping Wall Street expectations carried the DJIA up as they accounted for half of today's gain.
WEN: Ebay, JP Morgan Chase, Kraft, Motorola, Allstate, United Technologies
THU: AMD, BofA, Dr. Horton, Google, Harley Davidson, Merck, Merrill Lynch, Nokia, Southwest Air. FRI: Caterpillar, McDonalds, Xerox.
NDX hit 1838, perhaps headed for 1861? SP500 hit 1474 perhaps headed for 1520? Perhaps a mid week pullback before more short covering?
See our earnings season update for afterhours reports. Often wrong, but never in doubt, this is the Nattering Naybob and your not!!!
Bonds up BIG 10 yr yield -5 bps 4.68, $ down vs 118.84Y & vs 1.3573E, WTI crude down $63.10, gold down $692.50.
FRI: "Short covering should push the market up next week, unless there's unfavorable quarterly reports or otherwise." And it has...
Manufacturing a shortage... In the first two months of Q1, Chevron said combined U.S. liquids and natural gas production fell 3% when compared with Q4, while combined international liquids and natural gas production fell 1%.
U.S. refinery crude-input volumes declined 20% in the first two months of Q1 due to downtime at Chevron's Richmond, Calif., refinery.
Coca-Cola (KO) and Johnson & Johnson (JNJ) topping Wall Street expectations carried the DJIA up as they accounted for half of today's gain.
WEN: Ebay, JP Morgan Chase, Kraft, Motorola, Allstate, United Technologies
THU: AMD, BofA, Dr. Horton, Google, Harley Davidson, Merck, Merrill Lynch, Nokia, Southwest Air. FRI: Caterpillar, McDonalds, Xerox.
NDX hit 1838, perhaps headed for 1861? SP500 hit 1474 perhaps headed for 1520? Perhaps a mid week pullback before more short covering?
See our earnings season update for afterhours reports. Often wrong, but never in doubt, this is the Nattering Naybob and your not!!!
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