Market Soapbox 02/13/08
WEN, triple digit followthrough, DJIA +179 on average volume with pretty internals. All UP BIG.
Bonds down 10 yr yield +7bps 3.72, $ up vs 1.457E & vs 108.268y, WTI up $93.44, gold up $909.6 TED spread up +2bps 0.80%.
SP500 gap up 1348 to 1353, drop to 1350, rise to close 1367. NDX gap up 1780 to 1803, drop to 1795, rise to close 1824.
TUE: "SP500 support holding at 1325, NDX at 1775." SP500 support 1350, NDX 1800. Yesterday, tech divergence, today, tech jumped +2.4%.
Grandma, are we out of the woods yet? Not quite. Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds down 10 yr yield +7bps 3.72, $ up vs 1.457E & vs 108.268y, WTI up $93.44, gold up $909.6 TED spread up +2bps 0.80%.
SP500 gap up 1348 to 1353, drop to 1350, rise to close 1367. NDX gap up 1780 to 1803, drop to 1795, rise to close 1824.
TUE: "SP500 support holding at 1325, NDX at 1775." SP500 support 1350, NDX 1800. Yesterday, tech divergence, today, tech jumped +2.4%.
Grandma, are we out of the woods yet? Not quite. Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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