Market Soapbox Week Ending 10/19/07
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
TUE, followthorough, DJIA -72 on low volume with ugly internals. All DOWN cept XOI. Bonds up 10 yr yield -3 bps 4.65, $ up vs 1.4164E & down vs 116.652y, WTI crude up 1.7% $87.61, gold down $762
WEN, split tape, DJIA -20 on low volume with midlin internals. All UP cept DJUA, XMI, XAU, XOI. Bonds up BIG 10 yr yield -9 bps 4.56, $ down vs 1.491E & up vs 116.765y, WTI crude down $87.4, gold up $762.3
THU, wavy gravy, DJIA -5 on low volume with midlin internals. All UP cept DJUA, RUT, SP500. Bonds up 10 yr yield -6bps 4.50, $ down vs 1.4294E & vs 115.65Y, WTI crude up 2.4% $89.47, gold up $768.7
FRI, triple-double digit downdraft, DJIA -367 on high volume with fugly internals. All DOWN BIG. Bonds up BIG 10 yr yield -11bps 4.39, $ down BIG vs 114.515y & vs 1.4302E, gold down $ 768.4, WTI crude down $88.6
This week, DJIA -572, since 09/19/05 DJIA +2912. CRB commodities up 333.5 tp 340.11
XAU down 179.04 to 173.90 & gold up 753.8 to 768.4. XOI down 1480.04 to 1456.95 & WTI crude up 83.69 to 88.6
Volatility VIX up 17.73 to 22.96. Dollar index down 78.2 to 77.34 $ down BIG vs Yen 117.315 to 114.515 & vs Euro 1.4176 to 1.4302
This week bonds up BIG. 30yr -21bps; 10yr -29bps, 5yr -38bps, 2yr -44bps, 6mo -24bps. 30 yr @ 4.69%; 10 yr @ 4.39; 5 yr @ 4.03; 2yr @ 3.78; 6 mo @ 4.05.
Resistance: DJIA 13580; SP500 1535; NAZ 2730; NDX 2150
Support: DJIA 13360; SP500 1495; NAZ 2700; NDX 2110
TUE, followthorough, DJIA -72 on low volume with ugly internals. All DOWN cept XOI. Bonds up 10 yr yield -3 bps 4.65, $ up vs 1.4164E & down vs 116.652y, WTI crude up 1.7% $87.61, gold down $762
WEN, split tape, DJIA -20 on low volume with midlin internals. All UP cept DJUA, XMI, XAU, XOI. Bonds up BIG 10 yr yield -9 bps 4.56, $ down vs 1.491E & up vs 116.765y, WTI crude down $87.4, gold up $762.3
THU, wavy gravy, DJIA -5 on low volume with midlin internals. All UP cept DJUA, RUT, SP500. Bonds up 10 yr yield -6bps 4.50, $ down vs 1.4294E & vs 115.65Y, WTI crude up 2.4% $89.47, gold up $768.7
FRI, triple-double digit downdraft, DJIA -367 on high volume with fugly internals. All DOWN BIG. Bonds up BIG 10 yr yield -11bps 4.39, $ down BIG vs 114.515y & vs 1.4302E, gold down $ 768.4, WTI crude down $88.6
This week, DJIA -572, since 09/19/05 DJIA +2912. CRB commodities up 333.5 tp 340.11
XAU down 179.04 to 173.90 & gold up 753.8 to 768.4. XOI down 1480.04 to 1456.95 & WTI crude up 83.69 to 88.6
Volatility VIX up 17.73 to 22.96. Dollar index down 78.2 to 77.34 $ down BIG vs Yen 117.315 to 114.515 & vs Euro 1.4176 to 1.4302
This week bonds up BIG. 30yr -21bps; 10yr -29bps, 5yr -38bps, 2yr -44bps, 6mo -24bps. 30 yr @ 4.69%; 10 yr @ 4.39; 5 yr @ 4.03; 2yr @ 3.78; 6 mo @ 4.05.
Resistance: DJIA 13580; SP500 1535; NAZ 2730; NDX 2150
Support: DJIA 13360; SP500 1495; NAZ 2700; NDX 2110
Comments