Market Soapbox Week Ending 05/23/08
MON, split tape, DJIA +52 on light volume with nice internals. DJIA was up 194, NDX touched 2050, SP500 1440, then the market fell hard.
TUE, double triple followthrough, DJIA -199 on light volume with ugly internals. All DOWN cept DJUA, XAU, XOI. Bonds up BIG 10 yr yield -8bps 3.77; $ down vs 1.5658€ & vs 103.53y; WTI +1% $128.94; gold +2% $919.5; TED Spread down -6bps 0.80%
WEN, double triple redux, DJIA -227 on average volume with horrible internals. All DOWN BIG. Bonds down 10 yr yield +3 bps 3.80, $ down vs 1.5792€ & vs 103.04y, WTI +3.7%% $133.83, gold +1% $928.6, TED spread down -2bps 0.78%
THU, flatline, DJIA +24 on lower volume with OK internals. All UP cept XOI, XAU. Bonds down BIG 10 yr +11bps 3.91, $ up vs 1.5717€ & vs 104.143y, WTI -2% $130.62, gold -1% $918.3, TED spread FLAT 0.78%.
FRI, double triple redux, DJIA -146 on average volume with lousy internals. All DOWN BIG. Bonds up 10 yr yield -7bps 3.84, $ down vs 1.5763€ & vs 103.385y, WTI +1% $132.19, gold +1% $925.8, TED spread up +2bps 0.80%.
This week, DJIA -496, since 09/19/05 DJIA +1913. CRB commodities up 426.43 to 431.09
XAU up 187.87 to 188.1 & gold up 899.9 to 925.8; XOI down 1599.01 to 1587.44 & WTI up 126.38 to 132.19. Volatility VIX up 16.47 to 19.55
TED Spread down 0.86 to 0.80; Dollar index down 72.831 to 72.013. $ down vs Yen 104.07 to 103.385 & down vs € 1.5575 to 1.5763
This week bonds FLAT.
30yr +0bps; 10yr -1bps, 5yr +2bps, 2yr -1bps, 6mo +2bps; 3mo +1bps.
30 yr @ 4.57%; 10 yr @ 3.84; 5 yr @ 3.13; 2yr @ 2.43; 6 mo @ 1.92; 3 mo @ 1.85
TUE, double triple followthrough, DJIA -199 on light volume with ugly internals. All DOWN cept DJUA, XAU, XOI. Bonds up BIG 10 yr yield -8bps 3.77; $ down vs 1.5658€ & vs 103.53y; WTI +1% $128.94; gold +2% $919.5; TED Spread down -6bps 0.80%
WEN, double triple redux, DJIA -227 on average volume with horrible internals. All DOWN BIG. Bonds down 10 yr yield +3 bps 3.80, $ down vs 1.5792€ & vs 103.04y, WTI +3.7%% $133.83, gold +1% $928.6, TED spread down -2bps 0.78%
THU, flatline, DJIA +24 on lower volume with OK internals. All UP cept XOI, XAU. Bonds down BIG 10 yr +11bps 3.91, $ up vs 1.5717€ & vs 104.143y, WTI -2% $130.62, gold -1% $918.3, TED spread FLAT 0.78%.
FRI, double triple redux, DJIA -146 on average volume with lousy internals. All DOWN BIG. Bonds up 10 yr yield -7bps 3.84, $ down vs 1.5763€ & vs 103.385y, WTI +1% $132.19, gold +1% $925.8, TED spread up +2bps 0.80%.
This week, DJIA -496, since 09/19/05 DJIA +1913. CRB commodities up 426.43 to 431.09
XAU up 187.87 to 188.1 & gold up 899.9 to 925.8; XOI down 1599.01 to 1587.44 & WTI up 126.38 to 132.19. Volatility VIX up 16.47 to 19.55
TED Spread down 0.86 to 0.80; Dollar index down 72.831 to 72.013. $ down vs Yen 104.07 to 103.385 & down vs € 1.5575 to 1.5763
This week bonds FLAT.
30yr +0bps; 10yr -1bps, 5yr +2bps, 2yr -1bps, 6mo +2bps; 3mo +1bps.
30 yr @ 4.57%; 10 yr @ 3.84; 5 yr @ 3.13; 2yr @ 2.43; 6 mo @ 1.92; 3 mo @ 1.85
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