Market Soapbox 01/03/08
THU, split tape, DJIA +13 on average volume with ugly internals. All DOWN cept DJUA, NDX, XAU, XOI.
Bonds up 10 yr yield -1bps 3.90, $ down vs 1.4744E & vs 109.22y, WTI down $99.22, gold up $868.4 TED spread flat 1.43%.
NDX open 2050, bounce to 2064, fall to 2040, close 2051. SP500 open 1447, rise to 1456, fall to 1443, close 1447.
SP500 fell from 300DMA, sitting on 350DMA, 400DMA 1425 awaits. Yesterday, Nikkei -1.7%, Hang Seng -2.4% & Europe got clubbed.
Today, Nikkei down 3.5% early with Yen rising vs dollar as leveraged carry trade positions unwind.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
Bonds up 10 yr yield -1bps 3.90, $ down vs 1.4744E & vs 109.22y, WTI down $99.22, gold up $868.4 TED spread flat 1.43%.
NDX open 2050, bounce to 2064, fall to 2040, close 2051. SP500 open 1447, rise to 1456, fall to 1443, close 1447.
SP500 fell from 300DMA, sitting on 350DMA, 400DMA 1425 awaits. Yesterday, Nikkei -1.7%, Hang Seng -2.4% & Europe got clubbed.
Today, Nikkei down 3.5% early with Yen rising vs dollar as leveraged carry trade positions unwind.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
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