Market Soapbox Week Ending 11/16/07
MON, followthrough, DJIA -56 on average volume with lousy internals. All DOWN. Bond market closed 10 yr yield 4.22, $ up vs 1.4545E & down vs 109.992y, WTI crude -2% $94.62, gold -3% $807.7
TUE, triple triple bounce, DJIA +320 on average volume with ebullient internals. All UP. Bonds down 10 yr yield +4bps 4.26, $ down vs 1.46E & up vs 110.895y, WTI crude down 3.7% $91.17, gold down 1% $799
WEN, late day collapse, DJIA -83 on average volume with lousy internals. All DOWN cept XAU. Bonds up 10 yr yield FLAT 4.26, $ down vs 1.4644E & up vs 111.367y, WTI crude up 3% $94.09, gold up 2% $814.7
THU, followthrough, DJIA -121 on lower volume with crumbling internals. All DOWN. Bonds up BIG 10 yr yield -10bps 4.16, $ up vs 1.462E & down vs 110.45y, WTI crude down $93.43, gold down 3% $787.3
FRI, bounce, DJIA +67 on average volume with bearish internals. All UP cept DJTA, MID, RUT, SOXX. Bonds down 10 yr yield +1bps 4.17, $ up vs 110.775y & down vs 1.4647E, gold down $787, WTI crude up 1.8% $95.1
This week, DJIA +127, since 09/19/05 DJIA +2567. CRB commodities down 354.54 to 349.43
XAU down 186.73 to 172.2 & gold down 834.7 to 787. XOI down 1463.79 to 1423.63 & WTI crude down 96.32 to 95.1
Volatility VIX declining 28.5 to 25.38. Dollar index up 75.39 to 75.84 $ up vs Yen 110.685 to 110.775 & vs Euro 1.4678 to 1.4647
This week bonds up. 30yr -7bps; 10yr -5bps, 5yr -5bps, 2yr -5bps, 6mo -5bps. 30 yr @ 4.53%; 10 yr @ 4.17; 5 yr @ 3.70; 2yr @ 3.35; 6 mo @ 3.58.
TUE, triple triple bounce, DJIA +320 on average volume with ebullient internals. All UP. Bonds down 10 yr yield +4bps 4.26, $ down vs 1.46E & up vs 110.895y, WTI crude down 3.7% $91.17, gold down 1% $799
WEN, late day collapse, DJIA -83 on average volume with lousy internals. All DOWN cept XAU. Bonds up 10 yr yield FLAT 4.26, $ down vs 1.4644E & up vs 111.367y, WTI crude up 3% $94.09, gold up 2% $814.7
THU, followthrough, DJIA -121 on lower volume with crumbling internals. All DOWN. Bonds up BIG 10 yr yield -10bps 4.16, $ up vs 1.462E & down vs 110.45y, WTI crude down $93.43, gold down 3% $787.3
FRI, bounce, DJIA +67 on average volume with bearish internals. All UP cept DJTA, MID, RUT, SOXX. Bonds down 10 yr yield +1bps 4.17, $ up vs 110.775y & down vs 1.4647E, gold down $787, WTI crude up 1.8% $95.1
This week, DJIA +127, since 09/19/05 DJIA +2567. CRB commodities down 354.54 to 349.43
XAU down 186.73 to 172.2 & gold down 834.7 to 787. XOI down 1463.79 to 1423.63 & WTI crude down 96.32 to 95.1
Volatility VIX declining 28.5 to 25.38. Dollar index up 75.39 to 75.84 $ up vs Yen 110.685 to 110.775 & vs Euro 1.4678 to 1.4647
This week bonds up. 30yr -7bps; 10yr -5bps, 5yr -5bps, 2yr -5bps, 6mo -5bps. 30 yr @ 4.53%; 10 yr @ 4.17; 5 yr @ 3.70; 2yr @ 3.35; 6 mo @ 3.58.
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