Market Soapbox Week Ending 08/24/07
MON, sideways chop, DJIA +42 on low volume with so-so internals. All UP cept SP500, OEX. Short term bonds up BIG, 10 yr yield -5 bps 4.64, $ up vs 1.3484E & BIG vs 115.03Y, WTI crude down $71.12, gold up $666.5
TUE, more chop, DJIA -30 on low volume with so-so internals. All UP cept XOI, XMI, OEX, DJTA. Bonds up 10 yr yield -5 bps 4.59, $ up vs 1.347E & down vs 114.47Y, WTI crude down 2.3% $69.47, gold down $666.2
WEN, a rise, DJIA +145 on low volume with nice internals. All UP BIG. Bonds down 10 yr yield +5bps 4.64, $ down vs 1.3537E & up BIG vs 115.185Y, WTI crude down $69.26, gold up $668.7
THU, sideways, DJIA FLAT on low volume with poor internals. All DOWN cept XOI. Bonds up 10 yr yield -1bps 4.63, $ up BIG vs 116.077y & down vs 1.3563E, gold down $668.4, WTI crude up $69.83
FRI, updraft, DJIA +143 on tepid volume with pretty internals. All UP BIG cept DJUA, SOXX. Bonds up 10 yr yield -1bps 4.62, $ up vs 116.41y & down vs 1.367E, gold up 1.4% $677.5 WTI crude up 1.8% $71.09
This week, DJIA +300, since 09/19/05 DJIA +2769. CRB commodities down 306.15 to 305.64
XAU up from 129.36 to 139.43 & gold up $663.9 to $677.5. XOI up from 1309.56 to 1352.55 & WTI crude down from $71.18 to $71.09
Volatility VIX down BIG from 29.99 to 20.72. Dollar index down 81.34 to 80.65. $ up BIG vs Yen 114.295 to 116.41 & down vs Euro 1.3496 to 1.367
This week bonds SPLIT low end down, high end up. 30yr -11bps; 10yr -7bps, 5yr +5bps, 2yr +11bps, 6mo +12bps. 30 yr @ 4.89%; 10 yr @ 4.62; 5 yr @ 4.41; 2yr @ 4.29; 6 mo @ 4.32.
Resistance: DJIA 13475; SP500 1495; NAZ 2575; NDX 1967
Support: DJIA 13050; SP500 1455; NAZ 2530; NDX 1925
TUE, more chop, DJIA -30 on low volume with so-so internals. All UP cept XOI, XMI, OEX, DJTA. Bonds up 10 yr yield -5 bps 4.59, $ up vs 1.347E & down vs 114.47Y, WTI crude down 2.3% $69.47, gold down $666.2
WEN, a rise, DJIA +145 on low volume with nice internals. All UP BIG. Bonds down 10 yr yield +5bps 4.64, $ down vs 1.3537E & up BIG vs 115.185Y, WTI crude down $69.26, gold up $668.7
THU, sideways, DJIA FLAT on low volume with poor internals. All DOWN cept XOI. Bonds up 10 yr yield -1bps 4.63, $ up BIG vs 116.077y & down vs 1.3563E, gold down $668.4, WTI crude up $69.83
FRI, updraft, DJIA +143 on tepid volume with pretty internals. All UP BIG cept DJUA, SOXX. Bonds up 10 yr yield -1bps 4.62, $ up vs 116.41y & down vs 1.367E, gold up 1.4% $677.5 WTI crude up 1.8% $71.09
This week, DJIA +300, since 09/19/05 DJIA +2769. CRB commodities down 306.15 to 305.64
XAU up from 129.36 to 139.43 & gold up $663.9 to $677.5. XOI up from 1309.56 to 1352.55 & WTI crude down from $71.18 to $71.09
Volatility VIX down BIG from 29.99 to 20.72. Dollar index down 81.34 to 80.65. $ up BIG vs Yen 114.295 to 116.41 & down vs Euro 1.3496 to 1.367
This week bonds SPLIT low end down, high end up. 30yr -11bps; 10yr -7bps, 5yr +5bps, 2yr +11bps, 6mo +12bps. 30 yr @ 4.89%; 10 yr @ 4.62; 5 yr @ 4.41; 2yr @ 4.29; 6 mo @ 4.32.
Resistance: DJIA 13475; SP500 1495; NAZ 2575; NDX 1967
Support: DJIA 13050; SP500 1455; NAZ 2530; NDX 1925
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