Market Soapbox Week Ending 12/28/07
MON, followthrough, DJIA +99 on lower half day volume with nice internals. All UP. Bonds down 10 yr yield +4bps 4.21, $ down vs 1.4394E & up vs 114.285y, WTI up $94.13, gold up $816.5
TUE, Market Closed, Merry Christmas and Happy Holidays!
WEN, wavy gravy, DJIA +2 on thin volume with midlin internals. All UP cept DJTA, DJUA, MID, XMI. Bonds down 10 yr yield +8bps 4.29, $ down vs 1.4491E & up vs 114.315y, WTI up 2% $95.98, gold up 1.5% $829.5
THU, triple digit slam, DJIA -192 on lower volume with horrible internals. All DOWN BIG. Bonds up BIG10 yr yield -10bps 4.19, $ down BIG vs 1.4613E & down vs 113.685y, WTI up $96.72, gold up $831.8
FRI, sideways, DJIA +6 on thin volume with ugly internals. All UP cept NAZ, SOXX, MID, RUT. Bonds up BIG 10 yr yield -11 bps 4.08, $ down BIG vs 1.4724E & vs 112.285y, WTI -1% $96, gold +1.3% $842.7
This week, DJIA -85, since 09/19/05 DJIA +2754. CRB commodities up 354.23 to 358.51
XAU up 167.56 to 176.33 & gold up 815.4 to 842.7. XOI up 1547.35 to 1577.49 & WTI up 93.31 to 96. Volatility VIX up 18.47 to 20.74.
TED Spread = 1.59%; Dollar index down BIG 77.62 to 76.10. $ down BIG vs Yen 114.03 to 112.285 & vs Euro 1.438 to 1.4724
This week bonds up cept 6 mo. 30yr -8bps; 10yr -9bps, 5yr -8bps, 2yr -8bps, 6mo +9bps. 30 yr @ 4.50%; 10 yr @ 4.08; 5 yr @ 3.50; 2yr @ 3.11; 6 mo @ 3.42.
TUE, Market Closed, Merry Christmas and Happy Holidays!
WEN, wavy gravy, DJIA +2 on thin volume with midlin internals. All UP cept DJTA, DJUA, MID, XMI. Bonds down 10 yr yield +8bps 4.29, $ down vs 1.4491E & up vs 114.315y, WTI up 2% $95.98, gold up 1.5% $829.5
THU, triple digit slam, DJIA -192 on lower volume with horrible internals. All DOWN BIG. Bonds up BIG10 yr yield -10bps 4.19, $ down BIG vs 1.4613E & down vs 113.685y, WTI up $96.72, gold up $831.8
FRI, sideways, DJIA +6 on thin volume with ugly internals. All UP cept NAZ, SOXX, MID, RUT. Bonds up BIG 10 yr yield -11 bps 4.08, $ down BIG vs 1.4724E & vs 112.285y, WTI -1% $96, gold +1.3% $842.7
This week, DJIA -85, since 09/19/05 DJIA +2754. CRB commodities up 354.23 to 358.51
XAU up 167.56 to 176.33 & gold up 815.4 to 842.7. XOI up 1547.35 to 1577.49 & WTI up 93.31 to 96. Volatility VIX up 18.47 to 20.74.
TED Spread = 1.59%; Dollar index down BIG 77.62 to 76.10. $ down BIG vs Yen 114.03 to 112.285 & vs Euro 1.438 to 1.4724
This week bonds up cept 6 mo. 30yr -8bps; 10yr -9bps, 5yr -8bps, 2yr -8bps, 6mo +9bps. 30 yr @ 4.50%; 10 yr @ 4.08; 5 yr @ 3.50; 2yr @ 3.11; 6 mo @ 3.42.
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