Market Soapbox 07/01/08
TUE, down & up, DJIA +32 on higher volume with midlin internals. All UP cept DJTA, SOXX, XOI.
Bonds flat 10 yr yield 3.99, $ down vs 1.579€ & up vs 106.116y, WTI +1% $141.39, gold +1.7% $944.5, TED spread up +2bps 0.93%.
SP500 open 1277, drop to 1260, rise to close 1285. NDX 1837, gap down to open 1821, drop to 1817, rise to to close 1863.
Starbucks has announced it's closing 600 underperforming stores in the United States.
FRI: Another headfake before new depths? Perhaps, but not a spirited one.
We may have started the head fake today off new lows 1817 & 1260.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds flat 10 yr yield 3.99, $ down vs 1.579€ & up vs 106.116y, WTI +1% $141.39, gold +1.7% $944.5, TED spread up +2bps 0.93%.
SP500 open 1277, drop to 1260, rise to close 1285. NDX 1837, gap down to open 1821, drop to 1817, rise to to close 1863.
Starbucks has announced it's closing 600 underperforming stores in the United States.
FRI: Another headfake before new depths? Perhaps, but not a spirited one.
We may have started the head fake today off new lows 1817 & 1260.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Comments