Market Soapbox 10/15/07
MON, downdraft, DJIA -108 on low volume with ugly internals. All DOWN cept XAU, XOI.
Bonds flat 10 yr yield +0 bps 4.68, $ down vs 1.42E & vs 117.265y, WTI crude up 3% $86.13, gold up 1% $762.2
Friday: "Next weeks financial house numbers could either knock it down a step, or send us to new heights."
1st the knock down. NDX gapped up from 2177 to 2184, plunge to 2143, rise to 2158. SP500 open 1562, up to 1564, plunge to 1540, rise to close 1548.
VIX 3 hit week high 20.01; Oil surging to an all time high. Somebody better candy coat those financial sector reports and housing numbers.
On this dip, is NDX 2120 or 2100 coming? Is 1525 SP500 possible?
Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
Bonds flat 10 yr yield +0 bps 4.68, $ down vs 1.42E & vs 117.265y, WTI crude up 3% $86.13, gold up 1% $762.2
Friday: "Next weeks financial house numbers could either knock it down a step, or send us to new heights."
1st the knock down. NDX gapped up from 2177 to 2184, plunge to 2143, rise to 2158. SP500 open 1562, up to 1564, plunge to 1540, rise to close 1548.
VIX 3 hit week high 20.01; Oil surging to an all time high. Somebody better candy coat those financial sector reports and housing numbers.
On this dip, is NDX 2120 or 2100 coming? Is 1525 SP500 possible?
Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
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