Market Soapbox 04/02/08
WEN, peak & pull back, DJIA -45 on lower volume with midlin internals. All DOWN cept DJUA, MID, RUT, SOXX, XOI, XAU.
Bonds down 10 yr yield +3bps 3.60, $ down vs 1.569€ & up vs 102.412y, WTI +3.7% $104.79, gold +1.4% $920 TED spread up +3bps 1.32%
MON 03/31: We expect... an irrational bounce to SP500 1380 & NDX 1885. Both got close enough today.
SP500 open 1369, rise to 1377, pull back 1361, close 1367. NDX 1781 open 1855, rise to 1870, pull back 1836, close 1848.
MON: Then keep your eyes peeled to the sky, an overhead hoist could snap and it might be a name brand that pancakes this dead man walkin.
TUES: Sometime tomorrow, a retrace starts. Perhaps it did, based on ADP, Fri Non Farms will not be kind.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds down 10 yr yield +3bps 3.60, $ down vs 1.569€ & up vs 102.412y, WTI +3.7% $104.79, gold +1.4% $920 TED spread up +3bps 1.32%
MON 03/31: We expect... an irrational bounce to SP500 1380 & NDX 1885. Both got close enough today.
SP500 open 1369, rise to 1377, pull back 1361, close 1367. NDX 1781 open 1855, rise to 1870, pull back 1836, close 1848.
MON: Then keep your eyes peeled to the sky, an overhead hoist could snap and it might be a name brand that pancakes this dead man walkin.
TUES: Sometime tomorrow, a retrace starts. Perhaps it did, based on ADP, Fri Non Farms will not be kind.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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