Market Soapbox Week Ending 02/29/08
MON, followthrough, DJIA +189 on average volume with nice internals. All UP cept XAU. Bonds down 10 yr yield +9bps 3.90. $ up vs 1.4829E & vs 108.059y, WTI up $99.24, gold down $940.5 TED spread up +3bps 0.91%
TUE, triple digit redux, DJIA +115 on average volume with nice internals. All UP. Bonds up 10 yr yield -4bps 3.86. $ down vs 1.499E & vs 107.22y, WTI up 1% $101.16, gold up 2% $957.6 TED spread up +7bps 0.98%
WEN, split tape, DJIA +9 on lower volume with midlin internals. All DOWN cept NDX, SOXX, XAU. Bonds up 10 yr yield -4bps 3.82, $ down BIG vs 1.5099E & vs 106.435y, WTI down 2% $99.37, gold down $957.3 TED spread up BIG +13bps 1.11%.
THU, triple digit dip, DJIA -112 on average volume with horrible internals. All DOWN cept XOI, XAU. Bonds up BIG 10 yr yield -17bps 3.65. $ punked vs 1.5191E & vs 104.755y, WTI +3% $102.46, gold +1.5% $971.3 TED spread up BIG +13bps 1.24%.
FRI, leap this, DJIA -316 on higher volume with disasterous internals. All DOWN 2%+. Bonds up BIG 10 yr yield -14bps 3.51. $ up vs 1.518E & down vs 103.745y, WTI down $101.84, gold up $975 TED spread down -2bps 1.22%
This week, DJIA -115, since 09/19/05 DJIA +1656. CRB commodities up 398.67 to 412.67
XAU up 189.84 to 196.58 & gold up 947.5 to 975. XOI up 1412.14 to 1420.75 & WTI up 99.15 to 101.84. Volatility VIX 24.03 to 26.54.
TED Spread up BIG 0.88% to 1.22%; Dollar index down 75.544 to 73.767. $ porked vs Yen 107.25 to 103.745 & vs Euro 1.4832 to 1.518
This week bonds up HUGE. 30yr -18bps; 10yr -30bps, 5yr -39bps, 2yr -43bps, 6mo -32bps. 30 yr @ 4.40%; 10 yr @ 3.51; 5 yr @ 2.47; 2yr @ 1.62; 6 mo @ 1.81.
TUE, triple digit redux, DJIA +115 on average volume with nice internals. All UP. Bonds up 10 yr yield -4bps 3.86. $ down vs 1.499E & vs 107.22y, WTI up 1% $101.16, gold up 2% $957.6 TED spread up +7bps 0.98%
WEN, split tape, DJIA +9 on lower volume with midlin internals. All DOWN cept NDX, SOXX, XAU. Bonds up 10 yr yield -4bps 3.82, $ down BIG vs 1.5099E & vs 106.435y, WTI down 2% $99.37, gold down $957.3 TED spread up BIG +13bps 1.11%.
THU, triple digit dip, DJIA -112 on average volume with horrible internals. All DOWN cept XOI, XAU. Bonds up BIG 10 yr yield -17bps 3.65. $ punked vs 1.5191E & vs 104.755y, WTI +3% $102.46, gold +1.5% $971.3 TED spread up BIG +13bps 1.24%.
FRI, leap this, DJIA -316 on higher volume with disasterous internals. All DOWN 2%+. Bonds up BIG 10 yr yield -14bps 3.51. $ up vs 1.518E & down vs 103.745y, WTI down $101.84, gold up $975 TED spread down -2bps 1.22%
This week, DJIA -115, since 09/19/05 DJIA +1656. CRB commodities up 398.67 to 412.67
XAU up 189.84 to 196.58 & gold up 947.5 to 975. XOI up 1412.14 to 1420.75 & WTI up 99.15 to 101.84. Volatility VIX 24.03 to 26.54.
TED Spread up BIG 0.88% to 1.22%; Dollar index down 75.544 to 73.767. $ porked vs Yen 107.25 to 103.745 & vs Euro 1.4832 to 1.518
This week bonds up HUGE. 30yr -18bps; 10yr -30bps, 5yr -39bps, 2yr -43bps, 6mo -32bps. 30 yr @ 4.40%; 10 yr @ 3.51; 5 yr @ 2.47; 2yr @ 1.62; 6 mo @ 1.81.
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