Market Soapbox 07/19/07
THU, bounce up, DJIA +82 on average volume with nice internals. All UP cept XOI.
Bonds up 10 yr yield -1bps 5.02, $ up vs 122.065y & vs 1.3796E, gold up $678.1, WTI crude up 1% $75.92
Today, $17.5B in Fed reanimation. DJIA closed above 14K, NDX to 2060 fell to 2053, 2082 resistance awaits. SP500 to 1555 close 1553, 1575 resistance awaits.
SP500 still needs to close above 1550 2 days straight. We reserve judgement on an overall change in market direction.
Crude heading for $80. Often wrong, but never in doubt, this is the Nattering Naybob and your not!
Bonds up 10 yr yield -1bps 5.02, $ up vs 122.065y & vs 1.3796E, gold up $678.1, WTI crude up 1% $75.92
Today, $17.5B in Fed reanimation. DJIA closed above 14K, NDX to 2060 fell to 2053, 2082 resistance awaits. SP500 to 1555 close 1553, 1575 resistance awaits.
SP500 still needs to close above 1550 2 days straight. We reserve judgement on an overall change in market direction.
Crude heading for $80. Often wrong, but never in doubt, this is the Nattering Naybob and your not!
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