Market Soapbox Week Ending 01/18/08
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%.
TUE, double triple slam, DJIA -277 on higher volume with horrific internals. All DOWN BIG. Bonds up BIG 10 yr yield -8bps 3.70, $ up vs 1.4834E & down BIG vs 106.861y, WTI down 2.5% $91.7, gold down $896. TED spread down -6bps 0.84%.
WEN, wavy gravy, DJIA -35 on higher volume with midlin internals. All DOWN cept SOXX, RUT, DJTA. Bonds down 10 yr yield +3bps 3.73, $ up vs 1.4659E & vs 107.533y, WTI down 1.2% $90.78, gold down 2.2% $883.2 TED spread down -2bps 0.82%.
THU, triple triple slam, DJIA -307 on higher volume with horrible internals. All DOWN BIG Bonds up BIG 10 yr yield -11bps 3.62, $ up vs 1.4648E & down vs 106.705y, WTI down 1% $89.9, gold down $880.5 TED spread up +11bps 0.93%.
FRI, split tape, DJIA -60 on higher volume with horrible internals. All DOWN cept DJTA, NDX, SOXX, RUT. Bonds down 10 yr yield +1bps 3.63. $ up vs 1.4622E & vs 106.865y, WTI up $90.57, gold up $881.7. TED spread up +12bps 1.05%
This week, DJIA -507, since 09/19/05 DJIA +1488. CRB commodities down 365.15 to 360.87
XAU down 193.55 to 177.3 & gold down 897.7 to 881.7. XOI down 1463.8 to 1348.47 & WTI down 92.69 to 90.57 Volatility VIX up 23.68 to 27.18.
TED Spread down 12bps 1.17% to 1.05%; Dollar index up 76.012 to 76.234. $ down vs Yen 108.855 to 106.865 & up vs Euro 1.4776 to 1.4622
This week bonds up BIG. 30yr -10bps; 10yr -16bps, 5yr -20bps, 2yr -21bps, 6mo -20bps. 30 yr @ 4.28%; 10 yr @ 3.63; 5 yr @ 2.84; 2yr @ 2.35; 6 mo @ 2.84.
TUE, double triple slam, DJIA -277 on higher volume with horrific internals. All DOWN BIG. Bonds up BIG 10 yr yield -8bps 3.70, $ up vs 1.4834E & down BIG vs 106.861y, WTI down 2.5% $91.7, gold down $896. TED spread down -6bps 0.84%.
WEN, wavy gravy, DJIA -35 on higher volume with midlin internals. All DOWN cept SOXX, RUT, DJTA. Bonds down 10 yr yield +3bps 3.73, $ up vs 1.4659E & vs 107.533y, WTI down 1.2% $90.78, gold down 2.2% $883.2 TED spread down -2bps 0.82%.
THU, triple triple slam, DJIA -307 on higher volume with horrible internals. All DOWN BIG Bonds up BIG 10 yr yield -11bps 3.62, $ up vs 1.4648E & down vs 106.705y, WTI down 1% $89.9, gold down $880.5 TED spread up +11bps 0.93%.
FRI, split tape, DJIA -60 on higher volume with horrible internals. All DOWN cept DJTA, NDX, SOXX, RUT. Bonds down 10 yr yield +1bps 3.63. $ up vs 1.4622E & vs 106.865y, WTI up $90.57, gold up $881.7. TED spread up +12bps 1.05%
This week, DJIA -507, since 09/19/05 DJIA +1488. CRB commodities down 365.15 to 360.87
XAU down 193.55 to 177.3 & gold down 897.7 to 881.7. XOI down 1463.8 to 1348.47 & WTI down 92.69 to 90.57 Volatility VIX up 23.68 to 27.18.
TED Spread down 12bps 1.17% to 1.05%; Dollar index up 76.012 to 76.234. $ down vs Yen 108.855 to 106.865 & up vs Euro 1.4776 to 1.4622
This week bonds up BIG. 30yr -10bps; 10yr -16bps, 5yr -20bps, 2yr -21bps, 6mo -20bps. 30 yr @ 4.28%; 10 yr @ 3.63; 5 yr @ 2.84; 2yr @ 2.35; 6 mo @ 2.84.
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