Market Soapbox 04/03/08

Sorry for the short notice my Nattering Naybobs,

but due to a necessary recon mission, our transmissions will be intermittent until Tuesday April 8th.

Watch SP500 1380& NDX 1885 resistance.

Watch Friday Non Farms Payrolls, a negative number greater than 50K will kick this dead man walkin down another flight of stairs.

THU, wavy gravy, DJIA +20 on lower volume with OK internals. All UP cept DJUA, XOI.

Bonds up 10 yr yield -2bps 3.58, $ up vs 1.5666€ & up vs 102.355y, WTI down $104.30, gold -1% $909.6 TED spread up +1bps 1.33%

SP500 gap down 1367 to open 1365, down to 1358, rise to 1375, fade to close 1369. NDX 1848 gap down to open 1842, fall to 1835, rise to 1866, close 1855.

Often wrong, but never in doubt, this is the Nattering Naybob and you're not.

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