Market Soapbox 12/19/07
WEN, split tape, DJIA -26 on lower volume with poor internals. All DOWN cept NAZ, NDX, SOXX, XOI, RUT .
Bonds up 10 yr yield -9bps 4.03, $ up vs 1.4376E & down vs 113.355y, WTI up 1.5% $91.49, gold down $805.4
NDX open 2027, rise to 2038, drop to 2016, bounce to close 2029. SP500 open 1454, rise to 1464, drop to 1445, bounce to close 1453.
Yesterday: "Trying to find support at SP500 1460 (300DMA) & NDX 2030 (150DMA)." More wavy gravy as the support lines got tested again.
A breech of NDX 2020 on a closing basis means 1980 & SP500 (400DMA) 1415 await. Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
Bonds up 10 yr yield -9bps 4.03, $ up vs 1.4376E & down vs 113.355y, WTI up 1.5% $91.49, gold down $805.4
NDX open 2027, rise to 2038, drop to 2016, bounce to close 2029. SP500 open 1454, rise to 1464, drop to 1445, bounce to close 1453.
Yesterday: "Trying to find support at SP500 1460 (300DMA) & NDX 2030 (150DMA)." More wavy gravy as the support lines got tested again.
A breech of NDX 2020 on a closing basis means 1980 & SP500 (400DMA) 1415 await. Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
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