Market Soapbox Week Ending 09/12/08
MON, bailout whipsaw, DJIA +290 on exceptionally high volume with OK internals. All UP cept NDX, SOXX, XOI, XAU. Bonds up 10 yr -3bps 3.67%. $ up BIG vs 1.4139€ & vs 108.22y, WTI up $106.4, gold up $804.9; TED Spread up +6bps 1.11%
TUE, post bailout blues, DJIA -280 on very high volume with devastating internals. All DOWN BIG. Bonds up BIG 10 yr -10bps 3.57, $ up vs 1.4133€ & down BIG vs 106.76y, WTI -4% $102.24 gold -3% $780.7, TED spread up +5bps 1.16%.
WEN, wavy gravy, DJIA +38 on average volume with OK internals. All UP. Bonds down +5bps 10 yr 3.62, $ up BIG vs 1.3964€ & vs 107.435y, WTI up $103.32, gold down $758.4, TED spread up +1bps 1.17%.
THU, bounce, DJIA +165 on average volume with nice internals. All UP cept XAU. Bonds down 10 yr +2bps 3.64. $ down vs 1.399€ & vs 107.12y, WTI -2% $101.43, gold down $755.3; TED Spread up +3bps 1.20%
FRI, split tape, DJIA -12 on average volume with midlin internals. All UP cept DJTA, NDX, NAZ, SOXX. Bonds down 10 yr +8bps 3.72%. $ down vs 1.422€ & up vs 107.88y, WTI -1% $100.8, gold +3% $768.2; TED Spread up HUGE +13bps 1.33%
This week, DJIA +201, since 09/19/05 DJIA +858. CRB commodities down 367.7 to 360.01
XAU down 129.64 to 127.13 & gold down 802.8 to 768.2; XOI up 1222.21 to 1246.97 & WTI down 106.23 to 100.8. Volatility VIX up 23.06 to 25.85
TED Spread up HUGE 1.05% to 1.33%; Dollar index up 78.868 to 78.97; $ up vs Yen 107.73 to 107.88 & vs €1.4267 to 1.422
This week long bonds down, short up BIG.
30yr +2bps; 10yr +2bps, 5yr -3bps, 2yr -10bps, 6mo -12bps; 3mo -28bps.
30 yr @ 4.32%; 10 yr @ 3.72; 5 yr @ 2.95; 2yr @ 2.20; 6 mo @ 1.83; 3 mo @ 1.49
TUE, post bailout blues, DJIA -280 on very high volume with devastating internals. All DOWN BIG. Bonds up BIG 10 yr -10bps 3.57, $ up vs 1.4133€ & down BIG vs 106.76y, WTI -4% $102.24 gold -3% $780.7, TED spread up +5bps 1.16%.
WEN, wavy gravy, DJIA +38 on average volume with OK internals. All UP. Bonds down +5bps 10 yr 3.62, $ up BIG vs 1.3964€ & vs 107.435y, WTI up $103.32, gold down $758.4, TED spread up +1bps 1.17%.
THU, bounce, DJIA +165 on average volume with nice internals. All UP cept XAU. Bonds down 10 yr +2bps 3.64. $ down vs 1.399€ & vs 107.12y, WTI -2% $101.43, gold down $755.3; TED Spread up +3bps 1.20%
FRI, split tape, DJIA -12 on average volume with midlin internals. All UP cept DJTA, NDX, NAZ, SOXX. Bonds down 10 yr +8bps 3.72%. $ down vs 1.422€ & up vs 107.88y, WTI -1% $100.8, gold +3% $768.2; TED Spread up HUGE +13bps 1.33%
This week, DJIA +201, since 09/19/05 DJIA +858. CRB commodities down 367.7 to 360.01
XAU down 129.64 to 127.13 & gold down 802.8 to 768.2; XOI up 1222.21 to 1246.97 & WTI down 106.23 to 100.8. Volatility VIX up 23.06 to 25.85
TED Spread up HUGE 1.05% to 1.33%; Dollar index up 78.868 to 78.97; $ up vs Yen 107.73 to 107.88 & vs €1.4267 to 1.422
This week long bonds down, short up BIG.
30yr +2bps; 10yr +2bps, 5yr -3bps, 2yr -10bps, 6mo -12bps; 3mo -28bps.
30 yr @ 4.32%; 10 yr @ 3.72; 5 yr @ 2.95; 2yr @ 2.20; 6 mo @ 1.83; 3 mo @ 1.49
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