Market Soapbox 03/14/08
MON, triple digit followthrough, DJIA -154 on average volume with brutal internals. All DOWN BIG Bonds up BIG 10 yr yield -8bps 3.45. $ up vs 1.535E & down vs 101.717y, WTI +2.5% $107.91, gold down $971.8 TED spread up +7bps 1.57%
TUE, bounce off Jan low, DJIA +417 on average volume with pristine internals. All UP BIG. Bonds down BIG 10 yr yield +16bps 3.61. $ up vs 1.5328E & vs 103.475y, WTI up $108.75, gold up $976 TED spread down BIG -18bps 1.39%
WEN, letdown, DJIA -47 on average volume with poor internals. All DOWN. Bonds up BIG 10 yr yield -14bps 3.47, $ porked vs 1.5564€ & vs 101.44y, WTI +1% $109.92, gold up $980.5 TED spread up +6bps 1.45%
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%.
FRI, triple digit bear claw, DJIA -195 on higher volume with ugly internals. All DOWN cept DJTA. Bonds up 10 yr yield -7bps 3.45. $ porked vs 1.5674E & vs 99.1y, WTI flat $110.14, gold up $999.5 TED spread up BIG +13bps 1.59%
This week, DJIA +56, since 09/19/05 DJIA +1342. CRB commodities up 411.65 to 416.4
XAU up 196.52 to 206.37 & gold up 974.2 to 999.5. XOI up 1366.24 to 1381.08 & WTI up 105.15 to 110.14. Volatility VIX up 27.49 to 31.16
TED Spread up 1.50% to 1.59%; Dollar index down 73.019 to 71.61. $ slammed vs Yen 102.672 to 99.1 & vs Euro 1.5356 to 1.5674
This week short bonds up BIG. 30yr -18bps; 10yr -8bps, 5yr -3bps, 2yr -3bps, 6mo -22bps. 30 yr @ 4.36%; 10 yr @ 3.45; 5 yr @ 2.40; 2yr @ 1.49; 6 mo @ 1.32.
TUE, bounce off Jan low, DJIA +417 on average volume with pristine internals. All UP BIG. Bonds down BIG 10 yr yield +16bps 3.61. $ up vs 1.5328E & vs 103.475y, WTI up $108.75, gold up $976 TED spread down BIG -18bps 1.39%
WEN, letdown, DJIA -47 on average volume with poor internals. All DOWN. Bonds up BIG 10 yr yield -14bps 3.47, $ porked vs 1.5564€ & vs 101.44y, WTI +1% $109.92, gold up $980.5 TED spread up +6bps 1.45%
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%.
FRI, triple digit bear claw, DJIA -195 on higher volume with ugly internals. All DOWN cept DJTA. Bonds up 10 yr yield -7bps 3.45. $ porked vs 1.5674E & vs 99.1y, WTI flat $110.14, gold up $999.5 TED spread up BIG +13bps 1.59%
This week, DJIA +56, since 09/19/05 DJIA +1342. CRB commodities up 411.65 to 416.4
XAU up 196.52 to 206.37 & gold up 974.2 to 999.5. XOI up 1366.24 to 1381.08 & WTI up 105.15 to 110.14. Volatility VIX up 27.49 to 31.16
TED Spread up 1.50% to 1.59%; Dollar index down 73.019 to 71.61. $ slammed vs Yen 102.672 to 99.1 & vs Euro 1.5356 to 1.5674
This week short bonds up BIG. 30yr -18bps; 10yr -8bps, 5yr -3bps, 2yr -3bps, 6mo -22bps. 30 yr @ 4.36%; 10 yr @ 3.45; 5 yr @ 2.40; 2yr @ 1.49; 6 mo @ 1.32.
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