Market Soapbox Week Ending 04/18/08
MON, followthrough, DJIA -23 on tepid volume with ugly internals. All DOWN cept DJTA, DJUA, XOI, XAU. Bonds down 10 yr yield +4bps 3.51, $ up vs 1.5822€ & vs 101.105y, WTI +2% $112.05, gold up $928.5, TED spread up +9bps 1.61%.
TUE, bounce, DJIA +60 on tepid volume with midlin internals. All UP cept SOXX. Bonds down BIG 10 yr yield +7bps 3.58; $ up vs 1.5788€ & vs 101.595y; WTI +2% $113.90; gold up $932; TED Spread down -2 bps 1.59%
WEN, followthrough, DJIA +257 on low volume with impeccable internals. All UP BIG. Bonds down BIG 10 yr yield +10bps 3.68, $ porked vs 1.5956€ & vs 101.693y, WTI +1% $114.91, gold +2% $948.3 TED spread up +1bps 1.60%
THU, sideways, DJIA +1 on lower volume with midlin internals. All DOWN cept XMI, OEX, SP500. Bonds down 10yr +5bps 3.73, $ up vs 1.5908€ &vs 102.415y, WTI up $114.95, gold down $945, TED spread down -7bps 1.53%
FRI, double triple bounce, DJIA +229 on higher volume with pristine internals. All UP BIG cept DJUA, XAU. Bonds up 10 yr yield -2bps 3.71, $ up BIG vs 1.5817€ & vs 103.67y, WTI +1.6% $116.69, gold -3% $915.2, TED spread up +3bps 1.56%.
This week, DJIA +524, since 09/19/05 DJIA +2272. CRB commodities up 407.45 to 419.36
XAU up 181.69 to 188.51 & gold down 927 to 915.2; XOI up 1384.57 to 1488.48 & WTI up BIG 110.41 to 116.69. Volatility VIX down 23.48 to 20.13
TED Spread up 1.52% to 1.56%; Dollar index up 71.806 to 71.923$ up vs Yen 100.85 to 103.67 & vs € 1.5828 to 1.5817
This week bonds down HUGE. 30yr +20bps; 10yr +24bps, 5yr +33bps, 2yr +40bps, 6mo +27bps; 3mo +16bps.
30 yr @ 4.49%; 10 yr @ 3.71; 5 yr @ 2.90; 2yr @ 1.14; 6 mo @ 1.66; 3 mo @ 1.35
TUE, bounce, DJIA +60 on tepid volume with midlin internals. All UP cept SOXX. Bonds down BIG 10 yr yield +7bps 3.58; $ up vs 1.5788€ & vs 101.595y; WTI +2% $113.90; gold up $932; TED Spread down -2 bps 1.59%
WEN, followthrough, DJIA +257 on low volume with impeccable internals. All UP BIG. Bonds down BIG 10 yr yield +10bps 3.68, $ porked vs 1.5956€ & vs 101.693y, WTI +1% $114.91, gold +2% $948.3 TED spread up +1bps 1.60%
THU, sideways, DJIA +1 on lower volume with midlin internals. All DOWN cept XMI, OEX, SP500. Bonds down 10yr +5bps 3.73, $ up vs 1.5908€ &vs 102.415y, WTI up $114.95, gold down $945, TED spread down -7bps 1.53%
FRI, double triple bounce, DJIA +229 on higher volume with pristine internals. All UP BIG cept DJUA, XAU. Bonds up 10 yr yield -2bps 3.71, $ up BIG vs 1.5817€ & vs 103.67y, WTI +1.6% $116.69, gold -3% $915.2, TED spread up +3bps 1.56%.
This week, DJIA +524, since 09/19/05 DJIA +2272. CRB commodities up 407.45 to 419.36
XAU up 181.69 to 188.51 & gold down 927 to 915.2; XOI up 1384.57 to 1488.48 & WTI up BIG 110.41 to 116.69. Volatility VIX down 23.48 to 20.13
TED Spread up 1.52% to 1.56%; Dollar index up 71.806 to 71.923$ up vs Yen 100.85 to 103.67 & vs € 1.5828 to 1.5817
This week bonds down HUGE. 30yr +20bps; 10yr +24bps, 5yr +33bps, 2yr +40bps, 6mo +27bps; 3mo +16bps.
30 yr @ 4.49%; 10 yr @ 3.71; 5 yr @ 2.90; 2yr @ 1.14; 6 mo @ 1.66; 3 mo @ 1.35
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