Market Soapbox Week Ending 02/15/08

MON, DJIA +58 on average volume with midlin internals. All UP. Bonds up 10 yr yield -3bps 3.61. $ down vs 1.4522E & vs 106.94y, WTI +2% $93.63, gold up $928.1. TED spread down -6bps 0.82%

TUE, triple digit split tape, DJIA +133 on higher volume with OK internals. All UP cept XAU, SOXX, NAZ, NDX, DJTA. Bonds down 10 yr yield +4bps 3.65, $ down vs 1.4584E & up vs 107.275y, WTI -1% $92.49, gold -2% $907.4. TED spread down -1bps 0.78%.

WEN, triple digit followthrough, DJIA +179 on average volume with pretty internals. All UP. Bonds down 10 yr yield +7bps 3.72, $ up vs 1.457E & vs 108.268y, WTI up $93.44, gold up $909.6 TED spread up +2bps 0.80%.

THU, triple digit dip, DJIA -175 on lower volume with horrible internals. All DOWN cept XOI. Bonds down BIG 10 yr yield +12bps 3.84, $ down vs 1.4638E & vs 108.035y, WTI +2% $95.35, gold up $912.1 TED spread down -3bps 0.77%.

FRI, wavy gravy, DJIA -29 on lower volume with bad internals. All DOWN cept DJUA, SP500, XAU. Bonds up 10 yr yield -7bps 3.77. $ down vs 1.4684E & vs 107.81y, WTI up $95.5, gold down $906.1 TED spread up +11bps 0.88%

This week, DJIA +166, since 09/19/05 DJIA +1738. CRB commodities up 375.67 to 384.23

XAU down 184.61 to 177.32 & gold down 922.3 to 906.1. XOI down 1384.36 to 1376.87 & WTI up 91.77 to 95.5. Volatility VIX down 28.01 to 25.02.

TED Spread flat 0.88%%; Dollar index down 76.654 to 76.040. $ up vs Yen 107.34 to 107.81 & down vs Euro 1.4507 to 1.4684

This week bonds down, low end up. 30yr +16bps; 10yr +13bps, 5yr +7bps, 2yr -2bps, 6mo -3bps. 30 yr @ 4.58%; 10 yr @ 3.77; 5 yr @ 2.76; 2yr @ 1.91; 6 mo @ 2.07.

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