Market Soapbox Week Ending 05/16/08
MON, bounce, DJIA +130 on tepid volume with nice internals. All UP BIG cept XAU. Bonds down 10 yr yield +2bps 3.79, $ down vs 1.5534€ & up vs 103.93y, WTI -1.5% $124.14, gold down $884.9, TED spread down BIG -12bps 0.88%.
TUE, split tape, DJIA -44 on light volume with OK internals. All UP cept DJUA, SP500, XMI, OEX, XAU. Bonds down BIG 10 yr yield +13bps 3.92; $ up vs 1.5472€ & vs 104.65y; WTI +1.2% $125.8; gold -1.7% $869.6; TED Spread down -2bps 0.86%
WEN, wavy gravy, DJIA +66 on light volume with nice internals. All UP cept NDX, XAU, XOI, RUT. Bonds up 10 yr yield -1 bps 3.91, $ up vs 1.5462€ & vs 105.11y, WTI -1.4% $123.99, gold down $866.5, TED spread up +4bps 0.90%
THU, followthrough, DJIA +94 on lower volume with pretty internals. All UP cept DJUA. Bonds up BIG 10yr -9bps 3.82, $ up vs 1.5448€ & down vs 104.755y, WTI up $124.19, gold +1.5% $880, TED spread down -1 bps 0.89%.
FRI, wavy gravy, DJIA -6 on lower volume with midlin internals. All DOWN cept DJUA, NDX, NAZ, OEX, RUT. Bonds down 10 yr yield +3bps 3.85, $ down vs 1.5575€ & vs 104.07y, WTI +1.8% $126.38, gold +2.2% $899.9, TED spread down -3bps 0.86%.
This week, DJIA +240, since 09/19/05 DJIA +2409. CRB commodities down 427.48 to 426.43
XAU up 179.63 to 187.87 & gold up 885.8 to 899.9; XOI up 1519.48 to 1599.01 & WTI up 126.16 to 126.38. Volatility VIX down 19.41 to 16.47
TED Spread down 1% to 0.86; Dollar index down 73.056 to 72.831. $ up BIG vs Yen 102.86 to 104.07 & down vs € 1.5482 to 1.5575.
This week bonds down BIG.
30yr +5bps; 10yr +8bps, 5yr +14bps, 2yr +20bps, 6mo +16bps; 3mo +16bps.
30 yr @ 4.57%; 10 yr @ 3.85; 5 yr @ 3.11; 2yr @ 2.44; 6 mo @ 1.90; 3 mo @ 1.84
TUE, split tape, DJIA -44 on light volume with OK internals. All UP cept DJUA, SP500, XMI, OEX, XAU. Bonds down BIG 10 yr yield +13bps 3.92; $ up vs 1.5472€ & vs 104.65y; WTI +1.2% $125.8; gold -1.7% $869.6; TED Spread down -2bps 0.86%
WEN, wavy gravy, DJIA +66 on light volume with nice internals. All UP cept NDX, XAU, XOI, RUT. Bonds up 10 yr yield -1 bps 3.91, $ up vs 1.5462€ & vs 105.11y, WTI -1.4% $123.99, gold down $866.5, TED spread up +4bps 0.90%
THU, followthrough, DJIA +94 on lower volume with pretty internals. All UP cept DJUA. Bonds up BIG 10yr -9bps 3.82, $ up vs 1.5448€ & down vs 104.755y, WTI up $124.19, gold +1.5% $880, TED spread down -1 bps 0.89%.
FRI, wavy gravy, DJIA -6 on lower volume with midlin internals. All DOWN cept DJUA, NDX, NAZ, OEX, RUT. Bonds down 10 yr yield +3bps 3.85, $ down vs 1.5575€ & vs 104.07y, WTI +1.8% $126.38, gold +2.2% $899.9, TED spread down -3bps 0.86%.
This week, DJIA +240, since 09/19/05 DJIA +2409. CRB commodities down 427.48 to 426.43
XAU up 179.63 to 187.87 & gold up 885.8 to 899.9; XOI up 1519.48 to 1599.01 & WTI up 126.16 to 126.38. Volatility VIX down 19.41 to 16.47
TED Spread down 1% to 0.86; Dollar index down 73.056 to 72.831. $ up BIG vs Yen 102.86 to 104.07 & down vs € 1.5482 to 1.5575.
This week bonds down BIG.
30yr +5bps; 10yr +8bps, 5yr +14bps, 2yr +20bps, 6mo +16bps; 3mo +16bps.
30 yr @ 4.57%; 10 yr @ 3.85; 5 yr @ 3.11; 2yr @ 2.44; 6 mo @ 1.90; 3 mo @ 1.84
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