Market Soapbox Week Ending 02/01/08
MON, triple digit bounce, DJIA +177 on average volume with nice internals. All UP. Bonds down10 yr yield +3bps 3.59. $ down vs 1.4788E & up vs 106.91y, WTI up $91.06, gold +2% $934.6. TED spread down -7bps 0.99%
TUE, followthrough, DJIA +96 on lower volume with nice internals. All UP cept SOXX, XAU. Bonds down 10 yr yield +7bps 3.66, $ up vs 1.4762E & down vs 106.86y, WTI up 1% $92.32, gold down $927.2. TED spread flat 0.99%.
WEN, Mr Toads Wild Ride, DJIA -37 on large volume with poor internals. All DOWN cept DJTA, NDX, SOXX, XAU. Bonds down 10 yr yield +2bps 3.68, $ porked vs 1.4869E & vs 106.34y, WTI down $91.96, gold up $934.7 TED spread up +10bps 1.09%.
THU, upside surge, DJIA +208 on average volume with pretty internals. All UP BIG cept XAU. Bonds up 10 yr yield -6bps 3.62, $ up vs 1.4858E & vs 106.45y, WTI down $91.35, gold down $930 TED spread up +8bps 1.17%.
FRI, followthrough, DJIA +93 on higher volume with pretty internals. All UP cept XAU. Bonds up 10 yr yield -3bps 3.59. $ up vs 1.4802E & vs 106.505y, WTI -3% $88.73, gold -2% $908.80 TED spread down -16bps 1.01%
This week, DJIA +537, since 09/19/05 DJIA +2133. CRB commodities up 361.64 tp 364.34
XAU down 185.54 to 184.61 & gold down 913.3 to 908.8. XOI up 1331.28 to 1384.36 & WTI down 90.6 to 88.73 Volatility VIX down 29.08 to 24.02.
TED Spread down -5bps 1.06 to 1.01%; Dollar index down 75.961 to 75.484. $ down vs Yen 106.76 to 106.505 & vs Euro 1.4672 to 1.4802
This week bonds up BIG on the short end. 30yr +5bps; 10yr +3bps, 5yr -2bps, 2yr -10bps, 6mo -22bps. 30 yr @ 4.31%; 10 yr @ 3.59; 5 yr @ 2.74; 2yr @ 2.07; 6 mo @ 2.14.
TUE, followthrough, DJIA +96 on lower volume with nice internals. All UP cept SOXX, XAU. Bonds down 10 yr yield +7bps 3.66, $ up vs 1.4762E & down vs 106.86y, WTI up 1% $92.32, gold down $927.2. TED spread flat 0.99%.
WEN, Mr Toads Wild Ride, DJIA -37 on large volume with poor internals. All DOWN cept DJTA, NDX, SOXX, XAU. Bonds down 10 yr yield +2bps 3.68, $ porked vs 1.4869E & vs 106.34y, WTI down $91.96, gold up $934.7 TED spread up +10bps 1.09%.
THU, upside surge, DJIA +208 on average volume with pretty internals. All UP BIG cept XAU. Bonds up 10 yr yield -6bps 3.62, $ up vs 1.4858E & vs 106.45y, WTI down $91.35, gold down $930 TED spread up +8bps 1.17%.
FRI, followthrough, DJIA +93 on higher volume with pretty internals. All UP cept XAU. Bonds up 10 yr yield -3bps 3.59. $ up vs 1.4802E & vs 106.505y, WTI -3% $88.73, gold -2% $908.80 TED spread down -16bps 1.01%
This week, DJIA +537, since 09/19/05 DJIA +2133. CRB commodities up 361.64 tp 364.34
XAU down 185.54 to 184.61 & gold down 913.3 to 908.8. XOI up 1331.28 to 1384.36 & WTI down 90.6 to 88.73 Volatility VIX down 29.08 to 24.02.
TED Spread down -5bps 1.06 to 1.01%; Dollar index down 75.961 to 75.484. $ down vs Yen 106.76 to 106.505 & vs Euro 1.4672 to 1.4802
This week bonds up BIG on the short end. 30yr +5bps; 10yr +3bps, 5yr -2bps, 2yr -10bps, 6mo -22bps. 30 yr @ 4.31%; 10 yr @ 3.59; 5 yr @ 2.74; 2yr @ 2.07; 6 mo @ 2.14.
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