Market Soapbox 02/07/07
WEN, wavy gravy, DJIA FLAT on average volume and midlin internals.
All UP cept XAU, XOI . Bonds up 10 yr 4.75, $ up vs 120.71y & down vs 1.3005E, gold down $656.60, WTI crude down 2% 57.80.
$13B 10 Year Note Auction: High Yield 4.74, down 10 bps in the last week. Bid to cover 2.41 vs 06 average of 2.32. Indirect bidders 29.9%, slightly below last years average.
3 days ago, DJTA all time high 5032. Today, all time intraday highs: DJIA 12,700, DJAU 470, RUT 815, MID 851, RTH 104.84.
Multi year high SP500 1453. Perhaps a fall to 1440 then new heights? Or a jump to 1460 then pullback to 1435 before heading for 1520?
All UP cept XAU, XOI . Bonds up 10 yr 4.75, $ up vs 120.71y & down vs 1.3005E, gold down $656.60, WTI crude down 2% 57.80.
$13B 10 Year Note Auction: High Yield 4.74, down 10 bps in the last week. Bid to cover 2.41 vs 06 average of 2.32. Indirect bidders 29.9%, slightly below last years average.
3 days ago, DJTA all time high 5032. Today, all time intraday highs: DJIA 12,700, DJAU 470, RUT 815, MID 851, RTH 104.84.
Multi year high SP500 1453. Perhaps a fall to 1440 then new heights? Or a jump to 1460 then pullback to 1435 before heading for 1520?
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