Market Soapbox Week Ending 11/30/07
MON, triple digit slam, DJIA -237 on lower volume with ugly internals. All DOWN BIG. Bonds UP BIG 10 yr yield -18bps 3.83, $ down vs 1.4869E & 107.52y, WTI down $97.7, gold up $826.5
TUE, bounce, DJIA +215 on average volume with nice internals. All UP cept XAU, XOI. Bonds down BIG 10 yr yield +12bps 3.95, $ up vs 1.4824E & 109.06y, WTI crude down 3.4% $94.42, gold down 1.5% $821.2
WEN, triple triple followthrough, DJIA +331 on average volume with sterling internals. All UP BIG. Bonds down 10 yr yield +8bps 4.03, $ down vs 1.4828E & up vs 110.07y, WTI down 4% $90.62, gold down 1.7% $807.3
THU, wavy gravy, DJIA +22 on lower volume with midlin internals. All UP cept DJTA, DJUA, NYA, MID, SOXX, XAU, RUT. Bonds up 10 yr yield -9bps 3.94, $ up vs 1.4744E & down vs 109.95y, WTI up $91.01, gold down $802.3
FRI, split tape, DJIA +60 on lower volume with midlin internals. All UP cept NAZ, NDX, SOXX, XAU. Bonds flat 10 yr yield +1 bps 3.95, $ up vs 1.463E & vs 111.128y, WTI -2.5% $88.71, gold -1.7% $789.1
This week, DJIA +391, since 09/19/05 DJIA +2762. CRB commodities down 353.95 to 339.84
XAU down 176.07 to 171.01 & gold down 823 to 789.1. XOI down 1431.02 to 1429.64 & WTI down 97.91 to 88.71
Volatility VIX down 25.72 to 23.14. Dollar index up 75.06 to 76.146. $ up vs Yen 108.215 to 111.128 & vs Euro 1.483 to 1.462
This week bonds up. 30yr -4bps; 10yr -6bps, 5yr -2bps, 2yr -7bps, 6mo -2bps. 30 yr @ 4.39%; 10 yr @ 3.95; 5 yr @ 3.39; 2yr @ 3.01; 6 mo @ 3.35.
Resistance: DJIA 13500; SP500 1490; NAZ 2690; NDX 2120
Support: DJIA 13100; SP500 1455; NAZ 2590; NDX 2040
TUE, bounce, DJIA +215 on average volume with nice internals. All UP cept XAU, XOI. Bonds down BIG 10 yr yield +12bps 3.95, $ up vs 1.4824E & 109.06y, WTI crude down 3.4% $94.42, gold down 1.5% $821.2
WEN, triple triple followthrough, DJIA +331 on average volume with sterling internals. All UP BIG. Bonds down 10 yr yield +8bps 4.03, $ down vs 1.4828E & up vs 110.07y, WTI down 4% $90.62, gold down 1.7% $807.3
THU, wavy gravy, DJIA +22 on lower volume with midlin internals. All UP cept DJTA, DJUA, NYA, MID, SOXX, XAU, RUT. Bonds up 10 yr yield -9bps 3.94, $ up vs 1.4744E & down vs 109.95y, WTI up $91.01, gold down $802.3
FRI, split tape, DJIA +60 on lower volume with midlin internals. All UP cept NAZ, NDX, SOXX, XAU. Bonds flat 10 yr yield +1 bps 3.95, $ up vs 1.463E & vs 111.128y, WTI -2.5% $88.71, gold -1.7% $789.1
This week, DJIA +391, since 09/19/05 DJIA +2762. CRB commodities down 353.95 to 339.84
XAU down 176.07 to 171.01 & gold down 823 to 789.1. XOI down 1431.02 to 1429.64 & WTI down 97.91 to 88.71
Volatility VIX down 25.72 to 23.14. Dollar index up 75.06 to 76.146. $ up vs Yen 108.215 to 111.128 & vs Euro 1.483 to 1.462
This week bonds up. 30yr -4bps; 10yr -6bps, 5yr -2bps, 2yr -7bps, 6mo -2bps. 30 yr @ 4.39%; 10 yr @ 3.95; 5 yr @ 3.39; 2yr @ 3.01; 6 mo @ 3.35.
Resistance: DJIA 13500; SP500 1490; NAZ 2690; NDX 2120
Support: DJIA 13100; SP500 1455; NAZ 2590; NDX 2040
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