Market Soapbox Week Ending 06/13/08
MON, split tape bounce, DJIA +70 on lower volume with ugly internals. All DOWN cept DJTA, DJUA, XAU, XOI. Bonds down BIG 10 yr yield +9bps 4.01, $ up vs 1.5635€ & vs 106.315y, WTI -3% $134.54, gold down $898.1, TED spread down -6bps 0.81%.
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%.
WEN, double triple slam, DJIA -206 on average volume with horrid internals. All DOWN BIG cept XOI, XAU. Bonds up 10 yr yield -3bps 4.07; $ down vs 1.5554€ & vs 106.924y; WTI +4% $136.64; gold +1% $882.9; TED Spread up +4bps 0.84%
THU, bounce & flop, DJIA +58 on lower volume with midlin internals. All UP cept XAU, XOI. Bonds down BIG 10 yr +14bps 4.21, $ up BIG vs 1.5424€ & up vs 107.897y, WTI up $137.04, gold -1.25% $872, TED spread down -6bps 0.78%.
FRI, triple digit bounce, DJIA +165 on above average volume with nice internals. All UP. Bonds down 10 yr yield +5bps 4.26, $ up BIG vs 1.5381€ & vs 108.185y, WTI -1% $134.86, gold up $873.1, TED spread up +6bps 0.84%.
This week, DJIA +96, since 09/19/05 DJIA +1739. CRB commodities up 441.51 to 445.87
XAU down 183.7 to 175.46 & gold down 891.5 to 873.1; XOI down 1543.08 to 1531.91 & WTI down 138.16 to 134.86. Volatility VIX down 23.56 to 21.22
TED Spread down 0.87 to 0.84; Dollar index up 72.352 to 74.062; $ up BIG vs Yen 104.935 to 108.185 & vs €1.5772 to 1.5381
This week bonds DOWN HUGE.
30yr +16bps; 10yr +34bps, 5yr +55bps, 2yr +64bps, 6mo +31bps; 3mo +14bps.
30 yr @ 4.79%; 10 yr @ 4.26; 5 yr @ 3.73; 2yr @ 3.02; 6 mo @ 2.29; 3 mo @ 1.97
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%.
WEN, double triple slam, DJIA -206 on average volume with horrid internals. All DOWN BIG cept XOI, XAU. Bonds up 10 yr yield -3bps 4.07; $ down vs 1.5554€ & vs 106.924y; WTI +4% $136.64; gold +1% $882.9; TED Spread up +4bps 0.84%
THU, bounce & flop, DJIA +58 on lower volume with midlin internals. All UP cept XAU, XOI. Bonds down BIG 10 yr +14bps 4.21, $ up BIG vs 1.5424€ & up vs 107.897y, WTI up $137.04, gold -1.25% $872, TED spread down -6bps 0.78%.
FRI, triple digit bounce, DJIA +165 on above average volume with nice internals. All UP. Bonds down 10 yr yield +5bps 4.26, $ up BIG vs 1.5381€ & vs 108.185y, WTI -1% $134.86, gold up $873.1, TED spread up +6bps 0.84%.
This week, DJIA +96, since 09/19/05 DJIA +1739. CRB commodities up 441.51 to 445.87
XAU down 183.7 to 175.46 & gold down 891.5 to 873.1; XOI down 1543.08 to 1531.91 & WTI down 138.16 to 134.86. Volatility VIX down 23.56 to 21.22
TED Spread down 0.87 to 0.84; Dollar index up 72.352 to 74.062; $ up BIG vs Yen 104.935 to 108.185 & vs €1.5772 to 1.5381
This week bonds DOWN HUGE.
30yr +16bps; 10yr +34bps, 5yr +55bps, 2yr +64bps, 6mo +31bps; 3mo +14bps.
30 yr @ 4.79%; 10 yr @ 4.26; 5 yr @ 3.73; 2yr @ 3.02; 6 mo @ 2.29; 3 mo @ 1.97
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