Market Soapbox 01/14/08
MON, triple digit bounce, DJIA +172 on lower volume with nice internals. All UP.
Bonds up 10 yr yield -1bps 3.78, $ down vs 1.4875E & vs 108.16y, WTI up 1.7% $94.29, gold up $903.40. TED spread down BIG -27bps 0.90%.
Thu: "Support SP500 450 DMA 1410, NDX 300 DMA 1910." SP500 open 1402, rise to 1416, 400DMA 1425 resistance.
NDX gap up 1912 to 1940, dip to 1924, rise to close 1949, sitting on 250 DMA resistance.
Will the market be disappointed by or ignore results from US Bancorp, Citigroup, JP Morgan Chase...
Wells Fargo, Merrill Lynch, WaMu, PPI, CPI, Building permits, Housing starts? Thats alot of bad news to stomach.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
Bonds up 10 yr yield -1bps 3.78, $ down vs 1.4875E & vs 108.16y, WTI up 1.7% $94.29, gold up $903.40. TED spread down BIG -27bps 0.90%.
Thu: "Support SP500 450 DMA 1410, NDX 300 DMA 1910." SP500 open 1402, rise to 1416, 400DMA 1425 resistance.
NDX gap up 1912 to 1940, dip to 1924, rise to close 1949, sitting on 250 DMA resistance.
Will the market be disappointed by or ignore results from US Bancorp, Citigroup, JP Morgan Chase...
Wells Fargo, Merrill Lynch, WaMu, PPI, CPI, Building permits, Housing starts? Thats alot of bad news to stomach.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
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