Market Soapbox 03/17/06 Erin Go Braughless!
Resistance: DJIA 11275; SP500 1310; Nasdaq 2320; NDX 1710
Support: DJIA 10950; SP500 1270; Nasdaq 2250; NDX 1635
In our top story tonight, Generalissimo Francisco Franco is STILL dead. Economic reports covered in todays other post.
General Motors Corp. on Thursday revised its loss for 2005 to $10.6 billion, $2 billion more than initially reported. On a per share basis its 2005 loss was $18.69 , up from $15.13.
Bonds down with the 30 yr yield rising @ 4.72%; 10 yr @ 4.67; 5 yr @ 4.62; 2yr @ 4.64; 6 mo @ 4.77. 2yr was above the 10 year 12/27 - 03/07; 2 above 30 year 02/09 - 03/07.
Recent DJIA History: 25 weeks ago, -270 breaking key support, 24 weeks +148, 23 weeks -281, 22 weeks -6, 21 weeks -77, (5 week loss -486).
20 weeks recovery begins +186, 19 weeks +128, 18 weeks +154, 17 weeks +79, 16 weeks +165, (5 week gain +712). 15 weeks -53, 14 weeks -99, 13 weeks +99, 12 weeks +8. 11 weeks -168, (5 week loss -213).
10 weeks +242 on a broadbased new year buy in, 9 weeks +0, 8 weeks -292, 7 weeks +240, 6 weeks -113. (5 week gain +77). 5 weeks +125, 4 weeks +196, 3 weeks -52. 2 weeks +6. Last week +61, (5 week gain +336)
Mon. DJIA +0 in a flat tepid low volume day. Tues, a broadbased bounce DJIA +75 on slightly higher volume with nice internals.
Wen. DJIA +58 on steady volume with decent internals. Thurs, a split tape day DJIA +43 on steady volume, but the NAZ & tech got slapped down silly.
Today DJIA +26 on higher volume with midlin internals. This week DJIA +159, over the last 23 weeks DJIA +585. Biotech, Brokers up. Utilities, Oil, Energy down.
DJUA & XOI down. SP500, NYSE, OEX, SOX, MID & RUT weak. XAU & NDX up. DAX down, CAC, FTSE, Hang Seng & Nikkei 225 up.
Dollar down again vs. Euro 1.2195 & vs.Yen 115.82, XAU up & gold down @ 554.70, XOI & crude down 1.25% @ 62.77, CRB commodities index down @ 325.83.
Looking ahead at potential market influences: Mar 20 Leading Indicators; Mar 21 PPI & Core PPI; Mar 22 EIA Inventory; Mar 23 Initial Claims, Existing Home Sales; Mar 24 Durable Orders, New Home Sales.
More market observations on the morrow laddies. Erin go Braugh! or Braless! Play me shillaylee and kiss me blarney stones!
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
Support: DJIA 10950; SP500 1270; Nasdaq 2250; NDX 1635
In our top story tonight, Generalissimo Francisco Franco is STILL dead. Economic reports covered in todays other post.
General Motors Corp. on Thursday revised its loss for 2005 to $10.6 billion, $2 billion more than initially reported. On a per share basis its 2005 loss was $18.69 , up from $15.13.
Bonds down with the 30 yr yield rising @ 4.72%; 10 yr @ 4.67; 5 yr @ 4.62; 2yr @ 4.64; 6 mo @ 4.77. 2yr was above the 10 year 12/27 - 03/07; 2 above 30 year 02/09 - 03/07.
Recent DJIA History: 25 weeks ago, -270 breaking key support, 24 weeks +148, 23 weeks -281, 22 weeks -6, 21 weeks -77, (5 week loss -486).
20 weeks recovery begins +186, 19 weeks +128, 18 weeks +154, 17 weeks +79, 16 weeks +165, (5 week gain +712). 15 weeks -53, 14 weeks -99, 13 weeks +99, 12 weeks +8. 11 weeks -168, (5 week loss -213).
10 weeks +242 on a broadbased new year buy in, 9 weeks +0, 8 weeks -292, 7 weeks +240, 6 weeks -113. (5 week gain +77). 5 weeks +125, 4 weeks +196, 3 weeks -52. 2 weeks +6. Last week +61, (5 week gain +336)
Mon. DJIA +0 in a flat tepid low volume day. Tues, a broadbased bounce DJIA +75 on slightly higher volume with nice internals.
Wen. DJIA +58 on steady volume with decent internals. Thurs, a split tape day DJIA +43 on steady volume, but the NAZ & tech got slapped down silly.
Today DJIA +26 on higher volume with midlin internals. This week DJIA +159, over the last 23 weeks DJIA +585. Biotech, Brokers up. Utilities, Oil, Energy down.
DJUA & XOI down. SP500, NYSE, OEX, SOX, MID & RUT weak. XAU & NDX up. DAX down, CAC, FTSE, Hang Seng & Nikkei 225 up.
Dollar down again vs. Euro 1.2195 & vs.Yen 115.82, XAU up & gold down @ 554.70, XOI & crude down 1.25% @ 62.77, CRB commodities index down @ 325.83.
Looking ahead at potential market influences: Mar 20 Leading Indicators; Mar 21 PPI & Core PPI; Mar 22 EIA Inventory; Mar 23 Initial Claims, Existing Home Sales; Mar 24 Durable Orders, New Home Sales.
More market observations on the morrow laddies. Erin go Braugh! or Braless! Play me shillaylee and kiss me blarney stones!
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!!!
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