Market Soapbox 06/10/08
TUE, sideways, DJIA +9 on average volume with ugly internals. All DOWN cept DJUA.
Bonds down BIG 10 yr yield +9bps 4.1, $ up BIG vs 1.5458€ & vs 107.309y, WTI -2% $131.72, gold -3%$871.2, TED spread down -1bps 0.80%.
SP500 1361 gap down to open 1358, drop to 1351, rise to close 1358. NDX 1979 gap down to open 1960, dive to 1957, rise to close 1973
MON: The fall from NDX 2050 & SP500 1405 was hard and despite appearances continued today with new lows NDX 1948 & SP500 1350.
Critical SP500 1350 support tested again today.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds down BIG 10 yr yield +9bps 4.1, $ up BIG vs 1.5458€ & vs 107.309y, WTI -2% $131.72, gold -3%$871.2, TED spread down -1bps 0.80%.
SP500 1361 gap down to open 1358, drop to 1351, rise to close 1358. NDX 1979 gap down to open 1960, dive to 1957, rise to close 1973
MON: The fall from NDX 2050 & SP500 1405 was hard and despite appearances continued today with new lows NDX 1948 & SP500 1350.
Critical SP500 1350 support tested again today.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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