Market Soapbox 02/06/07
MON, sideways, split tape, DJIA +8 on lower volume with midlin internals. All DOWN cept DJUA, SOXX, XAU. Bonds up 10 yr 4.81, $ down vs 120.385y & up vs 1.2926E, WTI crude down $58.80, gold up $653.10.
TUE, sideways, split tape, DJIA +5 on lower volume with midlin internals. All UP cept DJTA, NDX, SOXX, XOI. Bonds up BIG 10yr 4.77, $ down vs 120.11y & vs 1.2980E, WTI crude up $59.07, gold up $658.60
$16B 3 year note auction with solid demand, indirect bidders took 33%, bid to cover 2.97, above the 2.27 for the last such auction in November.
National Semiconductor (NSM) warned last night that Q3 revenues will miss forecasts. Cisco (CSCO) reports after the bell.
Sideways action 2 days running, SP500 at 1448, building up for another surge? Heading towards 1525? Should come down to 1440, then up, watch 1435 as downside demarcation.
TUE, sideways, split tape, DJIA +5 on lower volume with midlin internals. All UP cept DJTA, NDX, SOXX, XOI. Bonds up BIG 10yr 4.77, $ down vs 120.11y & vs 1.2980E, WTI crude up $59.07, gold up $658.60
$16B 3 year note auction with solid demand, indirect bidders took 33%, bid to cover 2.97, above the 2.27 for the last such auction in November.
National Semiconductor (NSM) warned last night that Q3 revenues will miss forecasts. Cisco (CSCO) reports after the bell.
Sideways action 2 days running, SP500 at 1448, building up for another surge? Heading towards 1525? Should come down to 1440, then up, watch 1435 as downside demarcation.
Comments