Market Soapbox Week Ending 12/07/07

MON, down, DJIA -57 on lower volume with ugly internals. All DOWN cept DJUA, SOXX, XAU, XOI. Bonds UP BIG 10 yr yield -10bps 3.85, $ down vs 1.4667E & 110.465y, WTI up $89.31, gold up $794.7

TUE, followthrough, DJIA -66 on lower volume with ugly internals. All DOWN cept DJTA, DJUA. Bonds down 10 yr yield +1bps 3.86, $ down vs 1.4763E & 109.778y, WTI crude down 1% $88.32, gold up 1.5% $807.6

WEN, bounce, DJIA +196 on lower volume with nice internals. All UP. Bonds down 10 yr yield +8bps 3.94, $ up vs 1.46E & up vs 110.93y, WTI down 1.5% $87.02, gold down $803.7

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

FRI, split tape, DJIA +6 on lower volume with midlin internals. All UP cept NAZ, SP500, XAU, RUT. Bonds down BIG 10 yr yield +10 bps 4.11, $ down vs 1.4658E & up vs 111.685y, WTI -2% $88.28, gold -1% $800.2

This week, DJIA +254, since 09/19/05 DJIA +3016. CRB commodities up 339.84 to 342.92

XAU up 171.01 to 174.39 & gold up 789.1 to 800.2. XOI up 1429.64 to 1478.82 & WTI down 88.71 to 88.28

Volatility VIX down 23.14 to 20.85. Dollar index up 76.146 to 76.28. $ up vs Yen 111.128 to 111.685 & down vs Euro 1.462 to 1.4658

This week bonds down cept 6 mo. 30yr +18bps; 10yr +16bps, 5yr +11bps, 2yr +9bps, 6mo -9bps. 30 yr @ 4.57%; 10 yr @ 4.11; 5 yr @ 3.50; 2yr @ 3.10; 6 mo @ 3.26.

Comments