Market Soapbox Week Ending 12/14/07
MON, triple digit jump, DJIA +101 on thinly traded volume with nice internals. All UP cept XOI. Bonds down 10 yr yield +4bps 4.15, $ down vs 1.4712E & 111.615y, WTI down $88.18, gold up 1.5% $813.5
TUE, triple double slam, DJIA -294 on lower volume with horrible internals. All DOWN BIG. Bonds up BIG 10 yr yield -18bps 3.97, $ up vs 1.4671E & down vs 110.72y, WTI crude up 2% $89.72, gold up $817.1
WEN, wavy gravy, DJIA +41 on average volume with poor internals. All UP. Bonds down 10 yr yield +11bps 4.08, $ down vs 1.4708E & up vs 112.203y, WTI up 4% $93.72, gold up $818.8
THU, split tape, DJIA +44 on lower volume with poor internals. All UP cept NDX, MID, SOXX, XAU, RUT. Bonds down 10 yr yield +9bps 4.17, $ up vs 1.4624E & vs 112.295y, WTI down 2% $92.48, gold down 2% $804
FRI, triple digit slam, DJIA -178 on lower volume with ugly internals. All DOWN. Bonds down 10 yr yield +7 bps 4.24, $ up BIG vs 1.443E & up vs 113.28y, WTI -1% $91.27, gold -1% $798
This week, DJIA -286, since 09/19/05 DJIA +2730. CRB commodities up 342.92 to 348.6
XAU down 174.39 to 165.8 & gold down 800.2 to 798. XOI up 1478.82 to 1482.64 & WTI up 88.28 to 91.27
Volatility VIX up 20.85 to 23.27. Dollar index up 76.28 to 77.39. $ up BIG vs Yen 111.685 to 113.28 & vs Euro 1.4658 to 1.443
This week bonds down cept 6 mo. 30yr +9bps; 10yr +13bps, 5yr +13bps, 2yr +21bps, 6mo -1bps. 30 yr @ 4.66%; 10 yr @ 4.24; 5 yr @ 3.63; 2yr @ 3.31; 6 mo @ 3.25.
TUE, triple double slam, DJIA -294 on lower volume with horrible internals. All DOWN BIG. Bonds up BIG 10 yr yield -18bps 3.97, $ up vs 1.4671E & down vs 110.72y, WTI crude up 2% $89.72, gold up $817.1
WEN, wavy gravy, DJIA +41 on average volume with poor internals. All UP. Bonds down 10 yr yield +11bps 4.08, $ down vs 1.4708E & up vs 112.203y, WTI up 4% $93.72, gold up $818.8
THU, split tape, DJIA +44 on lower volume with poor internals. All UP cept NDX, MID, SOXX, XAU, RUT. Bonds down 10 yr yield +9bps 4.17, $ up vs 1.4624E & vs 112.295y, WTI down 2% $92.48, gold down 2% $804
FRI, triple digit slam, DJIA -178 on lower volume with ugly internals. All DOWN. Bonds down 10 yr yield +7 bps 4.24, $ up BIG vs 1.443E & up vs 113.28y, WTI -1% $91.27, gold -1% $798
This week, DJIA -286, since 09/19/05 DJIA +2730. CRB commodities up 342.92 to 348.6
XAU down 174.39 to 165.8 & gold down 800.2 to 798. XOI up 1478.82 to 1482.64 & WTI up 88.28 to 91.27
Volatility VIX up 20.85 to 23.27. Dollar index up 76.28 to 77.39. $ up BIG vs Yen 111.685 to 113.28 & vs Euro 1.4658 to 1.443
This week bonds down cept 6 mo. 30yr +9bps; 10yr +13bps, 5yr +13bps, 2yr +21bps, 6mo -1bps. 30 yr @ 4.66%; 10 yr @ 4.24; 5 yr @ 3.63; 2yr @ 3.31; 6 mo @ 3.25.
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