Market Soapbox 01/02/08
WEN, triple double slam, DJIA -221 on average volume with ugly internals. All DOWN cept XAU, XOI.
Bonds up BIG 10 yr yield -12bps 3.91, $ down BIG vs 1.4726E & vs 109.586y, WTI up 3.5% $99.58, gold up 2.6% $860 TED spread down -3bps 1.43%
Last week: "We sense Jan 2nd or 3rd, to be a major inflection point." Mon: "will this dead man walking take another fall? "
Yesterday: "SP500 350 DMA 1445 & NDX 2030 are in clear view." Right on the money with the largest year opening plunge ever.
NDX open 2085, hop to 2094, plunge to 2040, close 2049. SP500 open 1467, up to 1471, plunge to 1442, close 1447.
SP500 fell from 300DMA, sitting on 350DMA, 400DMA 1425 awaits. SP500 down 51 points in 4 trading days.
Oil over $100, gold over $850, the dollar under 110 yen, Merrill Lynch 1st broker on the verge of insolvency,
housing prices collapsing, gutted economy sinking... is there any good news?
No more sleeping like a baby, waking up every hour and crying, Leno, Letterman, Craig & Conan are back late night...
Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
Bonds up BIG 10 yr yield -12bps 3.91, $ down BIG vs 1.4726E & vs 109.586y, WTI up 3.5% $99.58, gold up 2.6% $860 TED spread down -3bps 1.43%
Last week: "We sense Jan 2nd or 3rd, to be a major inflection point." Mon: "will this dead man walking take another fall? "
Yesterday: "SP500 350 DMA 1445 & NDX 2030 are in clear view." Right on the money with the largest year opening plunge ever.
NDX open 2085, hop to 2094, plunge to 2040, close 2049. SP500 open 1467, up to 1471, plunge to 1442, close 1447.
SP500 fell from 300DMA, sitting on 350DMA, 400DMA 1425 awaits. SP500 down 51 points in 4 trading days.
Oil over $100, gold over $850, the dollar under 110 yen, Merrill Lynch 1st broker on the verge of insolvency,
housing prices collapsing, gutted economy sinking... is there any good news?
No more sleeping like a baby, waking up every hour and crying, Leno, Letterman, Craig & Conan are back late night...
Often wrong, but never in doubt, this is the Nattering Naybob and you're not!
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