Market Soapbox 03/20/06 UPDATED
Resistance: DJIA 11275; SP500 1310; Nasdaq 2320; NDX 1710
Support: DJIA 10950; SP500 1270; Nasdaq 2250; NDX 1635
Called into action again. Unrest in the South of France has our attention. We will be scarce this week, but will endeavour to report.
In our top story tonight, Generalissimo Francisco Franco is STILL dead.
Bonds down with the 30 yr yield rising @ 4.69%; 10 yr @ 4.66; 5 yr @ 4.61; 2yr @ 4.65; 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: 26 weeks ago, -270 breaking key support, 25 weeks +148, 24 weeks -281, 23 weeks -6, 22 weeks -77, (5 week loss -486).
21 weeks recovery begins +186, 20 weeks +128, 19 weeks +154, 18 weeks +79, 17 weeks +165, (5 week gain +712). 16 weeks -53, 15 weeks -99, 14 weeks +99, 13 weeks +8. 12 weeks -168, (5 week loss -213).
11 weeks +242 on a broadbased new year buy in, 10 weeks +0, 9 weeks -292, 8 weeks +240, 7 weeks -113. (5 week gain +77). 6 weeks +125, 5 weeks +196, 4 weeks -52. 3 weeks +6. 2 weeks +61, (5 week gain +336)
DJIA -5 in a split tape day. DJTA & SOX up, DJUA, MID, XAU & XOI down. DAX down, CAC, FTSE, Hang Seng & Nikkei 225 up BIG.
Last week +159, over the last 23 weeks DJIA +585. Airlines up, Gold Bugs, Natural Gas, Oil Commodity up.
Dollar down again vs. Euro 1.2231 & vs.Yen 114.82, XAU up & gold down @ 554.20, XOI & crude down BIG @ 60.42, CRB commodities index down @ 320.64.
Looking ahead at potential market influences: Mar 21 PPI & Core PPI; Mar 22 EIA Inventory; Mar 23 Initial Claims, Existing Home Sales; Mar 24 Durable Orders, New Home Sales.
The market awaits what should be a tame PPI, lets wait & see.
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
Called into action again. Unrest in the South of France has our attention. We will be scarce this week, but will endeavour to report.
In our top story tonight, Generalissimo Francisco Franco is STILL dead.
Bonds down with the 30 yr yield rising @ 4.69%; 10 yr @ 4.66; 5 yr @ 4.61; 2yr @ 4.65; 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: 26 weeks ago, -270 breaking key support, 25 weeks +148, 24 weeks -281, 23 weeks -6, 22 weeks -77, (5 week loss -486).
21 weeks recovery begins +186, 20 weeks +128, 19 weeks +154, 18 weeks +79, 17 weeks +165, (5 week gain +712). 16 weeks -53, 15 weeks -99, 14 weeks +99, 13 weeks +8. 12 weeks -168, (5 week loss -213).
11 weeks +242 on a broadbased new year buy in, 10 weeks +0, 9 weeks -292, 8 weeks +240, 7 weeks -113. (5 week gain +77). 6 weeks +125, 5 weeks +196, 4 weeks -52. 3 weeks +6. 2 weeks +61, (5 week gain +336)
DJIA -5 in a split tape day. DJTA & SOX up, DJUA, MID, XAU & XOI down. DAX down, CAC, FTSE, Hang Seng & Nikkei 225 up BIG.
Last week +159, over the last 23 weeks DJIA +585. Airlines up, Gold Bugs, Natural Gas, Oil Commodity up.
Dollar down again vs. Euro 1.2231 & vs.Yen 114.82, XAU up & gold down @ 554.20, XOI & crude down BIG @ 60.42, CRB commodities index down @ 320.64.
Looking ahead at potential market influences: Mar 21 PPI & Core PPI; Mar 22 EIA Inventory; Mar 23 Initial Claims, Existing Home Sales; Mar 24 Durable Orders, New Home Sales.
The market awaits what should be a tame PPI, lets wait & see.
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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