Market Soapbox 02/15/07
WEN, broadbased followthrough on short covering, DJIA +87 on average volume and pretty internals.
All UP. Bonds up BIG 10 yr 4.73, $ down vs 120.19y & vs 1.31E, gold down $669, WTI crude down $58.
THU, sideways & up, DJIA +23 on lower volume with nice internals.
All UP cept DJUA, DJTA, OEX, XMI, XOI. Bonds up 10 yr 4.71, $ down vs 119.205y & vs 1.3146E, gold up $673.40, WTI crude down $57.99.
This week: Dollar index still range bound 84-85, crude backing down from $60 to $57, gold rising above $673, as bonds rallied BIG lowering the 10 yr 7 bps to 4.71, volatility still low, VIX range bound 10 to 11.5.
Again, new mulit year and all time highs this week. As predicted the SP500 retested 1435 before breaking out to 1457.
A retest of 1445 might be in order before the next surge up to 1465 area on the way to 1520. A belated Happy VD to all, that is Valentine's Day...
All UP. Bonds up BIG 10 yr 4.73, $ down vs 120.19y & vs 1.31E, gold down $669, WTI crude down $58.
THU, sideways & up, DJIA +23 on lower volume with nice internals.
All UP cept DJUA, DJTA, OEX, XMI, XOI. Bonds up 10 yr 4.71, $ down vs 119.205y & vs 1.3146E, gold up $673.40, WTI crude down $57.99.
This week: Dollar index still range bound 84-85, crude backing down from $60 to $57, gold rising above $673, as bonds rallied BIG lowering the 10 yr 7 bps to 4.71, volatility still low, VIX range bound 10 to 11.5.
Again, new mulit year and all time highs this week. As predicted the SP500 retested 1435 before breaking out to 1457.
A retest of 1445 might be in order before the next surge up to 1465 area on the way to 1520. A belated Happy VD to all, that is Valentine's Day...
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