Market Soapbox Week Ending 06/27/08
MON, split tape, DJIA -1 on lower volume with lousy internals. All DOWN cept DJUA, XOI, XAU. Bonds up 10 yr yield flat 4.17, $ up vs 1.552€ & vs 108.065y, WTI +2% $136.77, gold down $887.9, TED spread up +3bps 0.98%.
TUE, downdrift, DJIA -35 on average volume with lousy internals. All DOWN cept SOXX. Bonds up 10 yr yield -7bps 4.1, $ down vs 1.5568€ & vs 107.78y, WTI up $137.06, gold up $891.6, TED spread flat 0.98%.
WEN, sideways, DJIA +4 on average volume with nice internals. All UP cept XAU. Bonds down 10 yr yield -1ps 4.11. $ down vs 1.5683€ & vs 107.733y, WTI -1.8% $134.51, gold -1% $882.3; TED Spread up +3bps 1.01%
THU, triple triple slam, DJIA -358 on high volume with devastating internals. All DOWN BIG cept XAU UP BIG. Bonds up BIG 10 yr -7bps 4.04, $ porked vs 1.5751€ & vs 106.964y, WTI +3.6% $139.09, gold +4% $917.3, TED spread up BIG +8bps 1.09%.
FRI, triple digit followthrough, DJIA -107 on very high volume with ugly internals. All DOWN cept DJTA, NDX, XAU, XOI. Bonds up BIG 10 yr yield -7bps 3.97, $ down vs 1.5793€ & vs 106.14y, WTI up $140.21, gold +2$931.3, TED spread up +5bps 1.14%.
This week, DJIA -497, since 09/19/05 DJIA +789. CRB commodities up 455.38 to 464.4
XAU up 178.6 to 194.49 & gold up 903.7 to 931.3; XAU up 1494.28 to 1508.4 & WTI up 134.88 to 140.21. Volatility VIX up 22.99 to 23.44
TED Spread up BIG 0.95 to 1.14%; Dollar index down 73.047 to 72.277; $ down BIG vs Yen 107.33 to 106.14 & vs €1.5606 to 1.5793
This week bonds UP BIG.
30yr -20bps; 10yr -20bps, 5yr -24bps, 2yr -26bps, 6mo -10bps; 3mo -20bps.
30 yr @ 4.52%; 10 yr @ 3.97; 5 yr @ 3.35; 2yr @ 2.63; 6 mo @ 2.12; 3 mo @ 1.65
TUE, downdrift, DJIA -35 on average volume with lousy internals. All DOWN cept SOXX. Bonds up 10 yr yield -7bps 4.1, $ down vs 1.5568€ & vs 107.78y, WTI up $137.06, gold up $891.6, TED spread flat 0.98%.
WEN, sideways, DJIA +4 on average volume with nice internals. All UP cept XAU. Bonds down 10 yr yield -1ps 4.11. $ down vs 1.5683€ & vs 107.733y, WTI -1.8% $134.51, gold -1% $882.3; TED Spread up +3bps 1.01%
THU, triple triple slam, DJIA -358 on high volume with devastating internals. All DOWN BIG cept XAU UP BIG. Bonds up BIG 10 yr -7bps 4.04, $ porked vs 1.5751€ & vs 106.964y, WTI +3.6% $139.09, gold +4% $917.3, TED spread up BIG +8bps 1.09%.
FRI, triple digit followthrough, DJIA -107 on very high volume with ugly internals. All DOWN cept DJTA, NDX, XAU, XOI. Bonds up BIG 10 yr yield -7bps 3.97, $ down vs 1.5793€ & vs 106.14y, WTI up $140.21, gold +2$931.3, TED spread up +5bps 1.14%.
This week, DJIA -497, since 09/19/05 DJIA +789. CRB commodities up 455.38 to 464.4
XAU up 178.6 to 194.49 & gold up 903.7 to 931.3; XAU up 1494.28 to 1508.4 & WTI up 134.88 to 140.21. Volatility VIX up 22.99 to 23.44
TED Spread up BIG 0.95 to 1.14%; Dollar index down 73.047 to 72.277; $ down BIG vs Yen 107.33 to 106.14 & vs €1.5606 to 1.5793
This week bonds UP BIG.
30yr -20bps; 10yr -20bps, 5yr -24bps, 2yr -26bps, 6mo -10bps; 3mo -20bps.
30 yr @ 4.52%; 10 yr @ 3.97; 5 yr @ 3.35; 2yr @ 2.63; 6 mo @ 2.12; 3 mo @ 1.65
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