Market Soapbox 07/30/08
WEN, psuedo split tape, DJIA +186 on average volume with nice internals. All UP cept DJTA. Bonds down 10 yr +1bps 4.05.
$ down vs 1.558€ & up vs 108.125y, WTI +2% $126.85, gold -1% $916.5; TED Spread up +2bps 1.11%
SP500 1264, rise to close 1284. NDX 1846, gap up 1850, rise to 1862, fall to 1825, rise to close 1852.
07/17: We repeat, this is a "chump jump". Cavaet emptor.
MON: Repeling from resistance NDX 1850; SP500 1260.
Back at low level resistance, does it have legs? Another two weeks worth?
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
$ down vs 1.558€ & up vs 108.125y, WTI +2% $126.85, gold -1% $916.5; TED Spread up +2bps 1.11%
SP500 1264, rise to close 1284. NDX 1846, gap up 1850, rise to 1862, fall to 1825, rise to close 1852.
07/17: We repeat, this is a "chump jump". Cavaet emptor.
MON: Repeling from resistance NDX 1850; SP500 1260.
Back at low level resistance, does it have legs? Another two weeks worth?
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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