Market Soapbox 04/23/08
WEN, wavygravy, DJIA +43 on light volume with OK internals. All UP cept DJTA, XAU, XOI.
Bonds down 10 yr yield +3bps 3.74, $ up vs 1.5884€ & vs 103.535y, WTI down $118.27, gold -1.7% $909 TED spread up +5bps 1.70%
SAT: We are sitting at the level SP500 1390 & NDX 1900. Still there.
SP500 open 1378, bounce 1387, drop to 1372, close 1380. NDX 1882 gap up open 1897, drop to 1888, bounce to 1913, close 1906.
TUE: 02/01 SP500 1396.02 high is still intact. If the market doesn't swing through this number,
it will be a 4th failure to pierce the magic line cutting the top from 08/16.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds down 10 yr yield +3bps 3.74, $ up vs 1.5884€ & vs 103.535y, WTI down $118.27, gold -1.7% $909 TED spread up +5bps 1.70%
SAT: We are sitting at the level SP500 1390 & NDX 1900. Still there.
SP500 open 1378, bounce 1387, drop to 1372, close 1380. NDX 1882 gap up open 1897, drop to 1888, bounce to 1913, close 1906.
TUE: 02/01 SP500 1396.02 high is still intact. If the market doesn't swing through this number,
it will be a 4th failure to pierce the magic line cutting the top from 08/16.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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