Market Soapbox 12/18/07
TUE, wavy gravy, DJIA +65 on average volume with decent internals. All UP.
Bonds up 10 yr yield -5bps 4.12, $ down vs 1.4414E & up vs 113.389y, WTI crude down $90.27, gold up 1% $807.4
NDX gap up 2020 to 2042, plunge to 1999, bounce to close 2029. SP500 open 1445, rise to 1460, plunge to 1435, bounce to close 1454.
Yesterday: "Expect the dead cat to bounce." MEOW! A late day tech led head fake.
Plunge to bounce off SP500 350DMA 1435 & NDX 175DMA 2000. Trying to find support at SP500 1460 (300DMA) & NDX 2030 (150DMA).
A breech of NDX 2020 on a closing basis means 1980 & SP500 (400DMA) 1415 await. Just below, SP500 1375 & NDX 1900?
Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
Bonds up 10 yr yield -5bps 4.12, $ down vs 1.4414E & up vs 113.389y, WTI crude down $90.27, gold up 1% $807.4
NDX gap up 2020 to 2042, plunge to 1999, bounce to close 2029. SP500 open 1445, rise to 1460, plunge to 1435, bounce to close 1454.
Yesterday: "Expect the dead cat to bounce." MEOW! A late day tech led head fake.
Plunge to bounce off SP500 350DMA 1435 & NDX 175DMA 2000. Trying to find support at SP500 1460 (300DMA) & NDX 2030 (150DMA).
A breech of NDX 2020 on a closing basis means 1980 & SP500 (400DMA) 1415 await. Just below, SP500 1375 & NDX 1900?
Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
Comments