Market Soapbox Week Ending 01/25/08
MON, Martin Luther King Jr. Day, Market Closed
TUE, Mr Toad's Wild Ride, DJIA -128 on large volume with horrific internals. All DOWN cept XAU. Bonds up BIG 10 yr yield -16bps 3.47, $ up vs 1.4618E & down vs 106.59y, WTI down $89.85, gold up 1% $890.6. TED spread up BIG +34bps 1.39%.
WEN, triple triple bounce, DJIA +299 on large volume with OK internals. All UP cept NDX, XAU, XOI. Bonds down 10 yr yield +7bps 3.54, $ down vs 1.4629E & vs 106.47y, WTI down 2% $87.46, gold down $886.3 TED spread down -18bps 1.21%.
THU, followthrough, DJIA +108 on higher volume with nicer internals. All UP cept DJUA, RUT. Bonds down BIG 10 yr yield +13bps 3.67, $ down vs 1.4772E & up vs 106.87y, WTI +3% $89.61, gold +3% $911.3 TED spread down BIG -35bps 0.86%.
FRI, triple digit slam, DJIA -171 on higher volume with horrible internals. All DOWN cept DJTA. Bonds up BIG 10 yr yield -11bps 3.56. $ up vs 1.4672E & down vs 106.76y, WTI up $90.60, gold up $913.3. TED spread up +20bps 1.06%
This week, DJIA +108, since 09/19/05 DJIA +1596. CRB commodities up 360.87 to 361.64
XAU up 177.3 to 185.54 & gold up 881.7 to 913.3. XOI down 1348.47 to 1331.28 & WTI up 90.57 to 90.6 Volatility VIX 27.18 to 29.08.
TED Spread up +1bps 1.05 to 1.06%; Dollar index down 76.234 to 75.961. $ down vs Yen 106.865 to 106.76 & vs Euro 1.4622 to 1.4672
This week bonds up BIG on the short end. 30yr -2bps; 10yr -7bps, 5yr -8bps, 2yr -18bps, 6mo -48bps. 30 yr @ 4.26%; 10 yr @ 3.56; 5 yr @ 2.76; 2yr @ 2.17; 6 mo @ 2.36.
TUE, Mr Toad's Wild Ride, DJIA -128 on large volume with horrific internals. All DOWN cept XAU. Bonds up BIG 10 yr yield -16bps 3.47, $ up vs 1.4618E & down vs 106.59y, WTI down $89.85, gold up 1% $890.6. TED spread up BIG +34bps 1.39%.
WEN, triple triple bounce, DJIA +299 on large volume with OK internals. All UP cept NDX, XAU, XOI. Bonds down 10 yr yield +7bps 3.54, $ down vs 1.4629E & vs 106.47y, WTI down 2% $87.46, gold down $886.3 TED spread down -18bps 1.21%.
THU, followthrough, DJIA +108 on higher volume with nicer internals. All UP cept DJUA, RUT. Bonds down BIG 10 yr yield +13bps 3.67, $ down vs 1.4772E & up vs 106.87y, WTI +3% $89.61, gold +3% $911.3 TED spread down BIG -35bps 0.86%.
FRI, triple digit slam, DJIA -171 on higher volume with horrible internals. All DOWN cept DJTA. Bonds up BIG 10 yr yield -11bps 3.56. $ up vs 1.4672E & down vs 106.76y, WTI up $90.60, gold up $913.3. TED spread up +20bps 1.06%
This week, DJIA +108, since 09/19/05 DJIA +1596. CRB commodities up 360.87 to 361.64
XAU up 177.3 to 185.54 & gold up 881.7 to 913.3. XOI down 1348.47 to 1331.28 & WTI up 90.57 to 90.6 Volatility VIX 27.18 to 29.08.
TED Spread up +1bps 1.05 to 1.06%; Dollar index down 76.234 to 75.961. $ down vs Yen 106.865 to 106.76 & vs Euro 1.4622 to 1.4672
This week bonds up BIG on the short end. 30yr -2bps; 10yr -7bps, 5yr -8bps, 2yr -18bps, 6mo -48bps. 30 yr @ 4.26%; 10 yr @ 3.56; 5 yr @ 2.76; 2yr @ 2.17; 6 mo @ 2.36.
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