Market Soapbox 06/16/08
MON, split tape, DJIA -38 on lower volume with OK internals. All UP cept DJUA, XMI.
Bonds down 10 yr yield +1bps 4.27, $ down vs 1.5478€ & vs 108.135y, WTI -1% $133.88, gold +1.5% $886.3, TED spread up +2bps 0.86%.
SP500 open 1358, dip to 1352, rise to 1364, close 1360. NDX 1968 gap down to open 1954, rise to 1991, close 1985.
WEN: What next? Another irrational bounce before we retest this years low NDX 1670 & SP500 1255? We may have started it at SP500 1330.
So far, NDX rise from 1909 to 1991, SP500 1330 to 1364.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds down 10 yr yield +1bps 4.27, $ down vs 1.5478€ & vs 108.135y, WTI -1% $133.88, gold +1.5% $886.3, TED spread up +2bps 0.86%.
SP500 open 1358, dip to 1352, rise to 1364, close 1360. NDX 1968 gap down to open 1954, rise to 1991, close 1985.
WEN: What next? Another irrational bounce before we retest this years low NDX 1670 & SP500 1255? We may have started it at SP500 1330.
So far, NDX rise from 1909 to 1991, SP500 1330 to 1364.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Comments