Market Soapbox Week Ending 08/10/07
MON, undoing Friday, DJIA +287 on high volume with nice internals. All UP cept XAU. Bonds down, 10 yr yield +6 bps 4.74, $ down vs 1.3788E & up vs 119.075Y, WTI crude down BIG -4.5% $72.06, gold down $683.3
TUE, wavy gravy, DJIA +36 on higher volume with decent internals. All UP. Bonds down 10 yr yield +5 bps 4.79, $ up vs 1.3758E & down vs 118.67Y, WTI crude up $72.42, gold up $683.9
WEN, followthrough, DJIA +154 on higher volume with nice internals. All UP BIG. Bonds down 10 yr yield +8bps 4.87, $ down vs 1.37981E & up vs 119.705Y, WTI crude down $72.27, gold up $686.3.
THU, collapse, DJIA -387 on higher volume with fugly internals. All DOWN BIG. Bonds up BIG 10 yr yield -11bps 4.76, $ down vs 118.265y & up vs 1.3677E, gold down -2% $672.8, WTI crude down $71.59
FRI, split tape seesaw, DJIA -31 on high volume with ugly internals. All UP cept DJTA, DJUA, NDX, NAZ. Bonds down 10 yr yield +4bps 4.80, $ up vs 118.39y & down vs 1.3698E, gold up 1.3% $681.6 WTI crude down $71.47
This week, DJIA +59, since 09/19/05 DJIA +2629. CRB commodities down 318.17 to 310.93
XAU up from 143.72 to 144.31 & gold down $684.4 to $681.6. XOI up 1295.46 to 1326.13 & WTI crude down from $75.48 to $71.47
Volatility VIX up 5% to 5 year high 25.16 to 27.92. Dollar index up from 80.31 to 80.67. $ up vs Yen 118.055 to 118.39 & vs Euro 1.3774 to 1.3698.
This week bonds down BIG 30yr +16bps; 10yr +12bps, 5yr +10bps, 2yr +3bps, 6mo -9bps. 30 yr @ 5.03%; 10 yr @ 4.80; 5 yr @ 4.59; 2yr @ 4.45; 6 mo @ 4.79.
Recent Inversions: 6mo above 2 yr 06/25/07 - ??? above 5 yr 07/11/07 - ???? above 10 year 07/17/07 - ???? above 30 year 08/03/07 - 08/09/07
Resistance: DJIA 13270; SP500 1470; NAZ 2565; NDX 1940
Support: DJIA 13000; SP500 1425; NAZ 2500; NDX 1905
TUE, wavy gravy, DJIA +36 on higher volume with decent internals. All UP. Bonds down 10 yr yield +5 bps 4.79, $ up vs 1.3758E & down vs 118.67Y, WTI crude up $72.42, gold up $683.9
WEN, followthrough, DJIA +154 on higher volume with nice internals. All UP BIG. Bonds down 10 yr yield +8bps 4.87, $ down vs 1.37981E & up vs 119.705Y, WTI crude down $72.27, gold up $686.3.
THU, collapse, DJIA -387 on higher volume with fugly internals. All DOWN BIG. Bonds up BIG 10 yr yield -11bps 4.76, $ down vs 118.265y & up vs 1.3677E, gold down -2% $672.8, WTI crude down $71.59
FRI, split tape seesaw, DJIA -31 on high volume with ugly internals. All UP cept DJTA, DJUA, NDX, NAZ. Bonds down 10 yr yield +4bps 4.80, $ up vs 118.39y & down vs 1.3698E, gold up 1.3% $681.6 WTI crude down $71.47
This week, DJIA +59, since 09/19/05 DJIA +2629. CRB commodities down 318.17 to 310.93
XAU up from 143.72 to 144.31 & gold down $684.4 to $681.6. XOI up 1295.46 to 1326.13 & WTI crude down from $75.48 to $71.47
Volatility VIX up 5% to 5 year high 25.16 to 27.92. Dollar index up from 80.31 to 80.67. $ up vs Yen 118.055 to 118.39 & vs Euro 1.3774 to 1.3698.
This week bonds down BIG 30yr +16bps; 10yr +12bps, 5yr +10bps, 2yr +3bps, 6mo -9bps. 30 yr @ 5.03%; 10 yr @ 4.80; 5 yr @ 4.59; 2yr @ 4.45; 6 mo @ 4.79.
Recent Inversions: 6mo above 2 yr 06/25/07 - ??? above 5 yr 07/11/07 - ???? above 10 year 07/17/07 - ???? above 30 year 08/03/07 - 08/09/07
Resistance: DJIA 13270; SP500 1470; NAZ 2565; NDX 1940
Support: DJIA 13000; SP500 1425; NAZ 2500; NDX 1905
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