Market Soapbox 06/01/06
Resistance: DJIA 11775; SP500 1335; Nasdaq 2380; NDX 1750
Support: DJIA 10850; SP500 1250; Nasdaq 2150; NDX 1550
In our top story tonight, Generalissimo Francisco Franco is STILL dead. Statement of the day...
Gun Control; "the belief that government, with its great wisdom and moral superiority, can be trusted with a monopoly on deadly force".
Bonds UP with the 30 yr yield falling @ 5.19%; 10 yr @ 5.10; 5 yr @ 5.02; 2yr @ 5.02`; 6 mo @ 5.06. 2yr above 10 yr 12/27 - 03/07 & 03/20 - 3/29. 2yr above 30 yr 02/09 - 03/07 & 03/21 - 3/29.
TUE, A broadbased triple digit drop with AUTHORITY and EXTREME VOLATILITY VIX +23%. DJIA -184 on slightly higher volume with abysmal internals.
WEN, a rebound DJIA +74 on higher volume with decent internals. MID & RUT up nicely.
THU, rebound continues in a broadbased fashion, DJIA +92 on slightly lower volume with decent internals. This week DJIA -18, since 09/19/05 DJIA +619.
Indexes UP: All except DOWN: XAU Sectors UP: All except DOWN: Gold Bugs
Overseas: DAX , CAC DOWN, FTSE UP, Hang Seng & Nikkei 225 DOWN.
Dollar UP vs. Euro 1.2818 & vs. Yen 112.34, XAU DOWN & gold UP @ 631, XOI UP & crude DOWN 1.3% @ 70.34, CRB commodities index DOWN @ 343.12.
Four of the last five days have been to the upside, MON was the killer down day. We have bounced twice at critical support 200DMA, only time will tell if this market has any legs left.
Off on the morrow, back at ya over the weekend with some good stuff. Thanks for coming and drive careful.
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 10850; SP500 1250; Nasdaq 2150; NDX 1550
In our top story tonight, Generalissimo Francisco Franco is STILL dead. Statement of the day...
Gun Control; "the belief that government, with its great wisdom and moral superiority, can be trusted with a monopoly on deadly force".
Bonds UP with the 30 yr yield falling @ 5.19%; 10 yr @ 5.10; 5 yr @ 5.02; 2yr @ 5.02`; 6 mo @ 5.06. 2yr above 10 yr 12/27 - 03/07 & 03/20 - 3/29. 2yr above 30 yr 02/09 - 03/07 & 03/21 - 3/29.
TUE, A broadbased triple digit drop with AUTHORITY and EXTREME VOLATILITY VIX +23%. DJIA -184 on slightly higher volume with abysmal internals.
WEN, a rebound DJIA +74 on higher volume with decent internals. MID & RUT up nicely.
THU, rebound continues in a broadbased fashion, DJIA +92 on slightly lower volume with decent internals. This week DJIA -18, since 09/19/05 DJIA +619.
Indexes UP: All except DOWN: XAU Sectors UP: All except DOWN: Gold Bugs
Overseas: DAX , CAC DOWN, FTSE UP, Hang Seng & Nikkei 225 DOWN.
Dollar UP vs. Euro 1.2818 & vs. Yen 112.34, XAU DOWN & gold UP @ 631, XOI UP & crude DOWN 1.3% @ 70.34, CRB commodities index DOWN @ 343.12.
Four of the last five days have been to the upside, MON was the killer down day. We have bounced twice at critical support 200DMA, only time will tell if this market has any legs left.
Off on the morrow, back at ya over the weekend with some good stuff. Thanks for coming and drive careful.
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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