Market Soapbox 07/18/07
WEN, bounce down DJIA -53 on average volume with ugly internals. All DOWN cept DJTA, DJUA, XMI, XAU, XOI.
Bonds up 10 yr yield -4bps 5.03, $ down vs 1.3804E & vs 121.88Y, WTI crude up $74.77, gold up $674.3.
Today, $7.25B in Fed reanimation. DJIA down 141 midday, 5 day winning streak snapped, Semi's slide SOXX gave back 2%.
Last week, "NDX 2042 may be a barrier": NDX after touching 2045 fell to 2019, then bounced to 2038. 2082 resistance awaits.
Yesterday: "a retest of 1535-1540 support is in order before ascending to 1575".
Today, SP500 fell from 1555 to 1533, closing 1546. 1575 resistance awaits.
Often wrong, but never in doubt, this is the Nattering Naybob and your not!
Bonds up 10 yr yield -4bps 5.03, $ down vs 1.3804E & vs 121.88Y, WTI crude up $74.77, gold up $674.3.
Today, $7.25B in Fed reanimation. DJIA down 141 midday, 5 day winning streak snapped, Semi's slide SOXX gave back 2%.
Last week, "NDX 2042 may be a barrier": NDX after touching 2045 fell to 2019, then bounced to 2038. 2082 resistance awaits.
Yesterday: "a retest of 1535-1540 support is in order before ascending to 1575".
Today, SP500 fell from 1555 to 1533, closing 1546. 1575 resistance awaits.
Often wrong, but never in doubt, this is the Nattering Naybob and your not!
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