Market Soapbox 04/24/07
TUE, DJIA +35 on average volume with midlin internals. All UP cept DJTA, XOI, XAU, RUT, MID, SP500, NYSE, OEX.
Bonds up 10 yr yield -3 bps 4.62, $ down vs 118.58Y & vs 1.3636E, WTI crude down 2% $64.58, gold down 1% $687.7.
Afterhours: Amazon profit doubled, sales +32%... DJIA coming to within 10pts of 13K; an ebullient herd launching the SOXX from 484 over 490 to 500 on bad news;
NDX finally topping our long term target 1861 and hitting 1863 intraday. Tomorrow, Pulte, Durable Orders & New Home Sales.
Will bad numbers cause a pull back or will a flat number cause a jump? Often wrong, but never in doubt, this is the Nattering Naybob and your not!
Bonds up 10 yr yield -3 bps 4.62, $ down vs 118.58Y & vs 1.3636E, WTI crude down 2% $64.58, gold down 1% $687.7.
Afterhours: Amazon profit doubled, sales +32%... DJIA coming to within 10pts of 13K; an ebullient herd launching the SOXX from 484 over 490 to 500 on bad news;
NDX finally topping our long term target 1861 and hitting 1863 intraday. Tomorrow, Pulte, Durable Orders & New Home Sales.
Will bad numbers cause a pull back or will a flat number cause a jump? Often wrong, but never in doubt, this is the Nattering Naybob and your not!
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