Market Soapbox Week Ending 11/09/07
MON, downdraft, DJIA -52 on average volume with lousy internals. All DOWN cept DJUA. Bonds down 10 yr yield +1 bps 4.33, $ up vs 1.4464E & down vs 114.48y, WTI crude -2% $93.98, gold up $810.8
TUE, late day surge, DJIA +118 on lower volume with OK internals. All UP cept DJUA. Bonds down 10 yr yield +4bps 4.37, $ down vs 1.4553E & up vs 114.71y, WTI crude up 3% $96.7, gold up 1.5% $823.4
WEN, triple triple slam, DJIA -361 on higher volume with devastating internals. All DOWN BIG. Bonds up BIG 10 yr yield -15bps 4.31, $ CRUSHED vs 1.4629E & vs 112.43y, WTI crude down $96.37, gold up 1% $833.5
THU, followthrough, DJIA -34 on high volume with horrible internals. All DOWN BIG cept DJTA, DJUA, MID, RUT, XOI, XAU, NYA, XMI. Bonds up 10 yr yield -4bps 4.27, $ down vs 1.4672E & vs 112.37y, WTI crude down 1% $95.46, gold up $837.5
FRI, techfree fall, DJIA -224 on high volume with ugly internals. All DOWN BIG. Bonds UP 10 yr yield -5bps 4.22, $ punked vs 110.685y & vs 1.4678E, gold down $834.7, WTI crude up 1% $96.32
This week, DJIA -553, since 09/19/05 DJIA +2440. CRB commodities up 353.57 to 354.54
XAU down 187.37 to 186.73 & gold up 808.5 to 834.7 XOI down 1471.33 to 1463.79 & WTI crude up 95.93 to 96.32
Volatility VIX surging 23.39 to 28.5. Dollar index cratering 76.29 to 75.39 $ punked vs Yen 114.845 to 110.685 & vs Euro 1.452 to 1.4678
This week bonds UP 2yr BIG. 30yr -2bps; 10yr -10bps, 5yr -21bps, 2yr -28bps, 6mo -18bps. 30 yr @ 4.60%; 10 yr @ 4.22; 5 yr @ 3.75; 2yr @ 3.40; 6 mo @ 3.63
Resistance: DJIA 13200; SP500 1485; NAZ 2655; NDX 2107
Support: DJIA 12845; SP500 1449; NAZ 2580; NDX 2032
TUE, late day surge, DJIA +118 on lower volume with OK internals. All UP cept DJUA. Bonds down 10 yr yield +4bps 4.37, $ down vs 1.4553E & up vs 114.71y, WTI crude up 3% $96.7, gold up 1.5% $823.4
WEN, triple triple slam, DJIA -361 on higher volume with devastating internals. All DOWN BIG. Bonds up BIG 10 yr yield -15bps 4.31, $ CRUSHED vs 1.4629E & vs 112.43y, WTI crude down $96.37, gold up 1% $833.5
THU, followthrough, DJIA -34 on high volume with horrible internals. All DOWN BIG cept DJTA, DJUA, MID, RUT, XOI, XAU, NYA, XMI. Bonds up 10 yr yield -4bps 4.27, $ down vs 1.4672E & vs 112.37y, WTI crude down 1% $95.46, gold up $837.5
FRI, techfree fall, DJIA -224 on high volume with ugly internals. All DOWN BIG. Bonds UP 10 yr yield -5bps 4.22, $ punked vs 110.685y & vs 1.4678E, gold down $834.7, WTI crude up 1% $96.32
This week, DJIA -553, since 09/19/05 DJIA +2440. CRB commodities up 353.57 to 354.54
XAU down 187.37 to 186.73 & gold up 808.5 to 834.7 XOI down 1471.33 to 1463.79 & WTI crude up 95.93 to 96.32
Volatility VIX surging 23.39 to 28.5. Dollar index cratering 76.29 to 75.39 $ punked vs Yen 114.845 to 110.685 & vs Euro 1.452 to 1.4678
This week bonds UP 2yr BIG. 30yr -2bps; 10yr -10bps, 5yr -21bps, 2yr -28bps, 6mo -18bps. 30 yr @ 4.60%; 10 yr @ 4.22; 5 yr @ 3.75; 2yr @ 3.40; 6 mo @ 3.63
Resistance: DJIA 13200; SP500 1485; NAZ 2655; NDX 2107
Support: DJIA 12845; SP500 1449; NAZ 2580; NDX 2032
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