Market Soapbox Week Ending 09/28/07
MON, split tape, DJIA -61 on low volume with bad internals. All DOWN cept DJUA, NDX. Bonds down 10 yr yield +1bps 4.63, $ down vs 114.74y & up vs 1.4084E, gold up $739.3 WTI crude down $80.95
TUE, sideways, DJIA +20 on below average volume with midlin internals. All DOWN cept DJTA, NDX, NAZ, SOXX. Bonds up, 10 yr yield -1 bps 4.62, $ down BIG vs 1.4144E & vs 114.545y, WTI crude down 1.75%, $79.53, gold down $738.8.
WEN, followthrough, DJIA +100 on low volume with nice internals. All UP cept SOXX, XAU. Bonds down 10 yr yield +1 bps 4.63, $ up vs 1.4126E & vs 115.565Y, WTI crude up 1% $80.3, gold down $735.5
THU, up, DJIA +35 on low volume with nice internals. All UP cept DJUA, XOI. Bonds up 10 yr yield -6bps 4.57, $ down vs 1.4146E & up vs 115.688Y, WTI crude up 3.5% $83.09, gold up $739.90
FRI, down, DJIA -17 on low volume with poor internals. All DOWN cept SOXX, XAU. Bonds down 10 yr yield +1bps 4.58, $ down vs 114.85y & vs 1.4264E, gold up 1.4% $ 750, WTI crude down 1.8% $81.39
This week, DJIA +77, since 09/19/05 DJIA +3286. CRB commodities up 333.15 to 333.67
XAU down 171.55 to 169.09 & gold up 738.9 to 750. XOI down 1469.68 to 1440.15 & WTI crude down $81.62 to $81.39
Volatility VIX down 19 to 18.08. Dollar index down 78.66 to 77.75. $ down vs Yen 115.48 to 114.85 & vs Euro 1.4091 to 1.4264
This week short bonds up. 30yr -6bps; 10yr -4bps, 5yr -5bps, 2yr -7bps, 6mo -1bps. 30 yr @ 4.83%; 10 yr @ 4.58; 5 yr @ 4.24; 2yr @ 3.97; 6 mo @ 4.07.
Resistance: DJIA 14000; SP500 1545; NAZ 2725; NDX 2121
Support: DJIA 13490; SP500 1498; NAZ 2645; NDX 2050
TUE, sideways, DJIA +20 on below average volume with midlin internals. All DOWN cept DJTA, NDX, NAZ, SOXX. Bonds up, 10 yr yield -1 bps 4.62, $ down BIG vs 1.4144E & vs 114.545y, WTI crude down 1.75%, $79.53, gold down $738.8.
WEN, followthrough, DJIA +100 on low volume with nice internals. All UP cept SOXX, XAU. Bonds down 10 yr yield +1 bps 4.63, $ up vs 1.4126E & vs 115.565Y, WTI crude up 1% $80.3, gold down $735.5
THU, up, DJIA +35 on low volume with nice internals. All UP cept DJUA, XOI. Bonds up 10 yr yield -6bps 4.57, $ down vs 1.4146E & up vs 115.688Y, WTI crude up 3.5% $83.09, gold up $739.90
FRI, down, DJIA -17 on low volume with poor internals. All DOWN cept SOXX, XAU. Bonds down 10 yr yield +1bps 4.58, $ down vs 114.85y & vs 1.4264E, gold up 1.4% $ 750, WTI crude down 1.8% $81.39
This week, DJIA +77, since 09/19/05 DJIA +3286. CRB commodities up 333.15 to 333.67
XAU down 171.55 to 169.09 & gold up 738.9 to 750. XOI down 1469.68 to 1440.15 & WTI crude down $81.62 to $81.39
Volatility VIX down 19 to 18.08. Dollar index down 78.66 to 77.75. $ down vs Yen 115.48 to 114.85 & vs Euro 1.4091 to 1.4264
This week short bonds up. 30yr -6bps; 10yr -4bps, 5yr -5bps, 2yr -7bps, 6mo -1bps. 30 yr @ 4.83%; 10 yr @ 4.58; 5 yr @ 4.24; 2yr @ 3.97; 6 mo @ 4.07.
Resistance: DJIA 14000; SP500 1545; NAZ 2725; NDX 2121
Support: DJIA 13490; SP500 1498; NAZ 2645; NDX 2050
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