Market Soapbox 12/06/07
THU, followthrough, DJIA +175 on lower volume with pretty internals. All UP cept DJUA.
Bonds down 10 yr yield +7bps 4.01, $ down vs 1.4626E & up vs 111.26y, WTI up 3% $90.23, gold up $807.1
Yesterday, "Right on the money for MAX PAIN. Must penetrate resistance at this level to continue upward till Fed meeting Dec 11th."
NDX open 2099, rise to 2128 (just above 2120). SP500 open 1484, rise to 1508. Next resistance at SP500 1510 and NDX 2140.
The junkies drank the punch and forgot the bills are coming due... dismal Q4 reporting with further losses and write downs starting Jan 15th.
Will Santa lead the lambs to slaughter come New Years? Let's see. Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
Bonds down 10 yr yield +7bps 4.01, $ down vs 1.4626E & up vs 111.26y, WTI up 3% $90.23, gold up $807.1
Yesterday, "Right on the money for MAX PAIN. Must penetrate resistance at this level to continue upward till Fed meeting Dec 11th."
NDX open 2099, rise to 2128 (just above 2120). SP500 open 1484, rise to 1508. Next resistance at SP500 1510 and NDX 2140.
The junkies drank the punch and forgot the bills are coming due... dismal Q4 reporting with further losses and write downs starting Jan 15th.
Will Santa lead the lambs to slaughter come New Years? Let's see. Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
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