Market Soapbox Week Ending 02/22/08
MON, Market Closed Presidents Day
TUE, herk & jerk, DJIA -11 on lower volume with bad internals. All DOWN cept MID, RUT, XAU, XOI. Bonds down BIG 10 yr yield +10bps 3.87. $ down vs 1.4718E & up vs 107.916y, WTI up 4% $99.2, gold up 2.5% $929 TED spread down -6bps 0.82%
WEN, jerk & herk DJIA +90 on lighter volume with nice internals. All UP. Bonds down 10 yr yield +2bps 3.89, $ down vs 1.4719E & up vs 108.16y, WTI up $99.68, gold up 1.5% $943.1 TED spread up +4bps 0.86%.
THU, triple digit dip, DJIA -143 on lower volume with horrible internals. All DOWN cept XAU. Bonds up BIG 10 yr yield -14bps 3.75. $ down vs 1.4816E & vs 107.3y, WTI -1.7% $98.02, gold up $945.8 TED spread up +4bps 0.90%.
FRI, wavy gravy, DJIA +97 on average volume with midlin internals. All UP cept DJTA, XAU RUT. Bonds down 10 yr yield +6bps 3.81. $ down vs 1.4832E & vs 107.25y, WTI +1% $99.15, gold up $947.5 TED spread down -2bps 0.88%
This week, DJIA +33, since 09/19/05 DJIA +1771. CRB commodities up 384.23 to 398.67
XAU up 177.32 to 189.84 & gold up 906.1 to 947.5. XOI up 1376.87 to 1412.14 & WTI up 95.5 to 99.15. Volatility VIX down 25.02 to 24.03.
TED Spread flat 0.88%%; Dollar index down 76.040 to 75.544. $ down vs Yen 107.81 to 107.25 & down vs Euro 1.4684 to 1.4832
This week bonds down. 30yr +0bps; 10yr +4bps, 5yr +10bps, 2yr +14bps, 6mo +6bps. 30 yr @ 4.58%; 10 yr @ 3.81; 5 yr @ 2.86; 2yr @ 2.05; 6 mo @ 2.13.
TUE, herk & jerk, DJIA -11 on lower volume with bad internals. All DOWN cept MID, RUT, XAU, XOI. Bonds down BIG 10 yr yield +10bps 3.87. $ down vs 1.4718E & up vs 107.916y, WTI up 4% $99.2, gold up 2.5% $929 TED spread down -6bps 0.82%
WEN, jerk & herk DJIA +90 on lighter volume with nice internals. All UP. Bonds down 10 yr yield +2bps 3.89, $ down vs 1.4719E & up vs 108.16y, WTI up $99.68, gold up 1.5% $943.1 TED spread up +4bps 0.86%.
THU, triple digit dip, DJIA -143 on lower volume with horrible internals. All DOWN cept XAU. Bonds up BIG 10 yr yield -14bps 3.75. $ down vs 1.4816E & vs 107.3y, WTI -1.7% $98.02, gold up $945.8 TED spread up +4bps 0.90%.
FRI, wavy gravy, DJIA +97 on average volume with midlin internals. All UP cept DJTA, XAU RUT. Bonds down 10 yr yield +6bps 3.81. $ down vs 1.4832E & vs 107.25y, WTI +1% $99.15, gold up $947.5 TED spread down -2bps 0.88%
This week, DJIA +33, since 09/19/05 DJIA +1771. CRB commodities up 384.23 to 398.67
XAU up 177.32 to 189.84 & gold up 906.1 to 947.5. XOI up 1376.87 to 1412.14 & WTI up 95.5 to 99.15. Volatility VIX down 25.02 to 24.03.
TED Spread flat 0.88%%; Dollar index down 76.040 to 75.544. $ down vs Yen 107.81 to 107.25 & down vs Euro 1.4684 to 1.4832
This week bonds down. 30yr +0bps; 10yr +4bps, 5yr +10bps, 2yr +14bps, 6mo +6bps. 30 yr @ 4.58%; 10 yr @ 3.81; 5 yr @ 2.86; 2yr @ 2.05; 6 mo @ 2.13.
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