Market Soapbox 04/04/08
FRI, wavy gravy, DJIA -17 on lower volume with midlin internals. All UP cept DJTA, OEX, SOXX.
Bonds up BIG 10 yr yield -11bps 3.47, $ down vs 1.5738€ & vs 101.475y, WTI +2% $106.23, gold up $913.2 TED spread up +3bps 1.36%
SP500 open 1369, dip to 1362, rise to 1380, close 1370. NDX 1855 gap up to open 1859, fall to 1846, rise to 1884, close 1865.
THU: Watch Friday Non Farms Payrolls, a negative number greater than 50K will kick this dead man walkin down another flight of stairs.
Early in the week: Watch SP500 1380 & NDX 1885 as resistance. Close enough on both today to warrant a pullback.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds up BIG 10 yr yield -11bps 3.47, $ down vs 1.5738€ & vs 101.475y, WTI +2% $106.23, gold up $913.2 TED spread up +3bps 1.36%
SP500 open 1369, dip to 1362, rise to 1380, close 1370. NDX 1855 gap up to open 1859, fall to 1846, rise to 1884, close 1865.
THU: Watch Friday Non Farms Payrolls, a negative number greater than 50K will kick this dead man walkin down another flight of stairs.
Early in the week: Watch SP500 1380 & NDX 1885 as resistance. Close enough on both today to warrant a pullback.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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