Market Soapbox 03/13/08
THU, support bounce, DJIA +35 on higher volume with OK internals. All UP cept DJUA. Bonds down 10 yr yield +5bps 3.52.
$ punked vs 1.5621E & vs 100.675y, WTI up $110.14, gold +1.4% $993.8 TED spread up +1bps 1.46%.
SP500 open 1305, dip to 1283, bounce to 1321, close 1315. NDX 1735 gap down open 1715, dip to 1699, bounce to 1760, close 1750.
WEN: NDX & SP500 failed at resistance. Today, New low for $, under 100 yen; 1.56 per €; gold touches $1K; oil $110.
Bounce off support rebounding to magnet number NDX 1750. 2 straight SP500 sub 1320 closes.
Coming soon: March 18th Fed cut disappointment and something nasty comes out of the woodshed.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
$ punked vs 1.5621E & vs 100.675y, WTI up $110.14, gold +1.4% $993.8 TED spread up +1bps 1.46%.
SP500 open 1305, dip to 1283, bounce to 1321, close 1315. NDX 1735 gap down open 1715, dip to 1699, bounce to 1760, close 1750.
WEN: NDX & SP500 failed at resistance. Today, New low for $, under 100 yen; 1.56 per €; gold touches $1K; oil $110.
Bounce off support rebounding to magnet number NDX 1750. 2 straight SP500 sub 1320 closes.
Coming soon: March 18th Fed cut disappointment and something nasty comes out of the woodshed.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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