Market Soapbox Week Ending 04/04/08
MON, bounce, DJIA +47 on lower volume with OK internals. ALL UP cept XAU. Bonds up 10 yr yield -3bps 3.41. $ up vs 1.5756€ & vs 99.924y, WTI -4% $101.58, gold -2% $921.5, TED Spread flat 1.33%
TUE, April Fools Buyin, DJIA +391 on averge volume with pretty internals. All UP cept XAU. Bonds down BIG 10 yr yield +16bps 3.57. $ up BIG vs 1.5604€ & vs 101.95y, WTI down $101.08, gold -3.5% $887.8 TED spread down -4bps 1.29%
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%
THU, wavy gravy, DJIA +20 on lower volume with OK internals. All UP cept DJUA, XOI. Bonds up 10 yr yield -2bps 3.58, $ up vs 1.5666€ & up vs 102.355y, WTI down $104.30, gold -1% $909.6 TED spread up +1bps 1.33%
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%.
This week, DJIA +396, since 09/19/05 DJIA +2003. CRB commodities up 394.54 to 395.09
XAU up 180.27 to 184.68 & gold down BIG 936.5 to 913.12. XOI up 1334.07 to 1392.77 & WTI up 105.62 to 106.23. Volatility VIX down 25.71 to 22.45
TED Spread up 1.33% to 1.36%; Dollar index up 71.595 to 71.95. $ up vs Yen 99.235 to 101.475 & vs € 1.5796 to 1.5738
This week bonds down. 30yr -1bps; 10yr +3bps, 5yr +11bps, 2yr +17bps, 6mo +1bps; 3mo FLAT.
30 yr @ 4.31%; 10 yr @ 3.47; 5 yr @ 2.62; 2yr @ 1.82; 6 mo @ 1.52; 3 mo @ 1.37
TUE, April Fools Buyin, DJIA +391 on averge volume with pretty internals. All UP cept XAU. Bonds down BIG 10 yr yield +16bps 3.57. $ up BIG vs 1.5604€ & vs 101.95y, WTI down $101.08, gold -3.5% $887.8 TED spread down -4bps 1.29%
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%
THU, wavy gravy, DJIA +20 on lower volume with OK internals. All UP cept DJUA, XOI. Bonds up 10 yr yield -2bps 3.58, $ up vs 1.5666€ & up vs 102.355y, WTI down $104.30, gold -1% $909.6 TED spread up +1bps 1.33%
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%.
This week, DJIA +396, since 09/19/05 DJIA +2003. CRB commodities up 394.54 to 395.09
XAU up 180.27 to 184.68 & gold down BIG 936.5 to 913.12. XOI up 1334.07 to 1392.77 & WTI up 105.62 to 106.23. Volatility VIX down 25.71 to 22.45
TED Spread up 1.33% to 1.36%; Dollar index up 71.595 to 71.95. $ up vs Yen 99.235 to 101.475 & vs € 1.5796 to 1.5738
This week bonds down. 30yr -1bps; 10yr +3bps, 5yr +11bps, 2yr +17bps, 6mo +1bps; 3mo FLAT.
30 yr @ 4.31%; 10 yr @ 3.47; 5 yr @ 2.62; 2yr @ 1.82; 6 mo @ 1.52; 3 mo @ 1.37
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