Market Soapbox Week Ending 03/07/08
MON, wavy gravy, DJIA -7 on average volume with poor internals. All DOWN cept XAU, XOI, DJTA, DJUA, MID. Bonds down 10 yr yield +4bps 3.55. $ up vs 1.5205E & down vs 103.45y, WTI up $102.42, gold up $984.2 TED spread up BIG +16bps 1.38%
TUE, bounce off Jan low, DJIA -45 on higher volume with horrible internals. All DOWN cept SOXX, NDX, DJTA, DJUA. Bonds down 10 yr yield +5bps 3.60. $ down vs 1.5212E & vs 103.31y, WTI -2.3% $100.08, gold -1.8% $966.3 TED spread down -1bps 1.37%
WEN, wavy gravy, DJIA +41 on average volume with OK internals. All UP. Bonds down 10 yr yield +10bps 3.70, $ down vs 1.5268E & up vs 104.07y, WTI +5% $104.4, gold +2.3% $988.5 TED spread up BIG +13bps 1.50%.
THU, double triple dip, DJIA -214 on average volume with devastating internals. All DOWN BIG. Bonds up BIG 10 yr yield -11bps 3.59. $ punked vs 1.539E & vs 102.615y, WTI +1% $105.5, gold -1% $977.1 TED spread up BIG +14bps 1.64%.
FRI, triple digit followthrough, DJIA -145 on higher volume with ugly internals. All DOWN cept SOXX. Bonds up 10 yr yield -6bps 3.53. $ up vs 1.5356E & vs 102.672y, WTI down $105.15, gold down $974.2 TED spread down BIG -14bps 1.50%
This week, DJIA -370, since 09/19/05 DJIA +1286. CRB commodities down 412.67 to 411.65
XAU down 196.58 to 196.52 & gold down 975 to 974.2. XOI down 1420.75 to 1366.24 & WTI up 101.84 to 105.15 Volatility VIX up 26.54 to 27.49
TED Spread up BIG 1.22 to 1.50%; Dollar index down 73.767 to 73.019. $ down vs Yen 103.745 to 102.672 & vs Euro 1.5356
This week bonds short bonds up BIG. 30yr +14bps; 10yr +2bps, 5yr -4bps, 2yr -10bps, 6mo -27bps. 30 yr @ 4.54%; 10 yr @ 3.53; 5 yr @ 2.43; 2yr @ 1.52; 6 mo @ 1.54.
TUE, bounce off Jan low, DJIA -45 on higher volume with horrible internals. All DOWN cept SOXX, NDX, DJTA, DJUA. Bonds down 10 yr yield +5bps 3.60. $ down vs 1.5212E & vs 103.31y, WTI -2.3% $100.08, gold -1.8% $966.3 TED spread down -1bps 1.37%
WEN, wavy gravy, DJIA +41 on average volume with OK internals. All UP. Bonds down 10 yr yield +10bps 3.70, $ down vs 1.5268E & up vs 104.07y, WTI +5% $104.4, gold +2.3% $988.5 TED spread up BIG +13bps 1.50%.
THU, double triple dip, DJIA -214 on average volume with devastating internals. All DOWN BIG. Bonds up BIG 10 yr yield -11bps 3.59. $ punked vs 1.539E & vs 102.615y, WTI +1% $105.5, gold -1% $977.1 TED spread up BIG +14bps 1.64%.
FRI, triple digit followthrough, DJIA -145 on higher volume with ugly internals. All DOWN cept SOXX. Bonds up 10 yr yield -6bps 3.53. $ up vs 1.5356E & vs 102.672y, WTI down $105.15, gold down $974.2 TED spread down BIG -14bps 1.50%
This week, DJIA -370, since 09/19/05 DJIA +1286. CRB commodities down 412.67 to 411.65
XAU down 196.58 to 196.52 & gold down 975 to 974.2. XOI down 1420.75 to 1366.24 & WTI up 101.84 to 105.15 Volatility VIX up 26.54 to 27.49
TED Spread up BIG 1.22 to 1.50%; Dollar index down 73.767 to 73.019. $ down vs Yen 103.745 to 102.672 & vs Euro 1.5356
This week bonds short bonds up BIG. 30yr +14bps; 10yr +2bps, 5yr -4bps, 2yr -10bps, 6mo -27bps. 30 yr @ 4.54%; 10 yr @ 3.53; 5 yr @ 2.43; 2yr @ 1.52; 6 mo @ 1.54.
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