Market Soapbox Week Ending 01/11/08
MON, split tape see saw, DJIA +27 on average volume with ugly internals. All DOWN cept DJUA, DJTA, RUT, SP500. Bonds up 10 yr yield -4bps 3.83, $ up vs 1.4686E & vs 109.065y, WTI down $95.28, gold down $860. TED spread down -13bps 1.30%.
TUE, double triple slam, DJIA -238 on higher volume with ugly internals. All DOWN BIG cept XAU. Bonds up 10 yr yield -1bps 3.82, $ down vs 1.4712E & vs 108.993y, WTI up 1.5% $96.55, gold +2% $879.6. TED spread down -3bps 1.27%.
WEN, bounce, DJIA +147 on higher volume with midlin internals. All UP cept SOXX. Bonds flat 10 yr yield 3.82, $ up vs 1.4668E & vs 109.82y, WTI down $95.60, gold down $876.4 TED spread down -5bps 1.22%
THU, followthrough, DJIA +118 on higher volume with nice internals. All UP cept DJUA, SOXX, XOI. Bonds down 10 yr yield +7bps 3.89, $ down vs 1.4802E & vs 109.36y, WTI down 1.5% $94.23, gold up 1.5% $894.6 TED spread down -5bps 1.17%.
FRI, double triple slam, DJIA -247 on higher volume with horrible internals. All DOWN BIG cept XAU. Bonds up 10 yr yield -10 bps 3.79, $ up vs 1.4776E & down vs 108.855y, WTI down -1% $92.69, gold up $897.7. TED spread flat 1.17%
This week, DJIA -193, since 09/19/05 DJIA +1995. CRB commodities down 366.22 to 365.15
XAU up 186.23 to 193.55 & gold up 865.7 to 897.7. XOI down 1525.45 to 1463.8 & WTI down 97.91 to 92.69. Volatility VIX down 23.94 to 23.68.
TED Spread down 26bps 1.43% to 1.17%; Dollar index up 75.925 to 76.012. $ up vs Yen 108.6 to 108.855 & down vs Euro 1.4744 to 1.4776
This week bonds up BIG on the short end. 30yr -0bps; 10yr -8bps, 5yr -15bps, 2yr -19bps, 6mo -15bps. 30 yr @ 4.38%; 10 yr @ 3.79; 5 yr @ 3.04; 2yr @ 2.56; 6 mo @ 3.06.
TUE, double triple slam, DJIA -238 on higher volume with ugly internals. All DOWN BIG cept XAU. Bonds up 10 yr yield -1bps 3.82, $ down vs 1.4712E & vs 108.993y, WTI up 1.5% $96.55, gold +2% $879.6. TED spread down -3bps 1.27%.
WEN, bounce, DJIA +147 on higher volume with midlin internals. All UP cept SOXX. Bonds flat 10 yr yield 3.82, $ up vs 1.4668E & vs 109.82y, WTI down $95.60, gold down $876.4 TED spread down -5bps 1.22%
THU, followthrough, DJIA +118 on higher volume with nice internals. All UP cept DJUA, SOXX, XOI. Bonds down 10 yr yield +7bps 3.89, $ down vs 1.4802E & vs 109.36y, WTI down 1.5% $94.23, gold up 1.5% $894.6 TED spread down -5bps 1.17%.
FRI, double triple slam, DJIA -247 on higher volume with horrible internals. All DOWN BIG cept XAU. Bonds up 10 yr yield -10 bps 3.79, $ up vs 1.4776E & down vs 108.855y, WTI down -1% $92.69, gold up $897.7. TED spread flat 1.17%
This week, DJIA -193, since 09/19/05 DJIA +1995. CRB commodities down 366.22 to 365.15
XAU up 186.23 to 193.55 & gold up 865.7 to 897.7. XOI down 1525.45 to 1463.8 & WTI down 97.91 to 92.69. Volatility VIX down 23.94 to 23.68.
TED Spread down 26bps 1.43% to 1.17%; Dollar index up 75.925 to 76.012. $ up vs Yen 108.6 to 108.855 & down vs Euro 1.4744 to 1.4776
This week bonds up BIG on the short end. 30yr -0bps; 10yr -8bps, 5yr -15bps, 2yr -19bps, 6mo -15bps. 30 yr @ 4.38%; 10 yr @ 3.79; 5 yr @ 3.04; 2yr @ 2.56; 6 mo @ 3.06.
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