Market Soapbox Week Ending 07/11/08
MON, Mr. Toads Wild Ride, DJIA -57 on higher volume with ugly internals. All DOWN cept DJTA, NDX, SOXX. Bonds up 10 yr -7bps 3.91, $ down vs 1.5723€ & up vs 107.062y, WTI -2.75% $141.25, gold -1% $926.60, TED spread down -3bps 0.93%.
TUE, bounce, DJIA +152 on higher volume with nice internals. All UP cept XAU, XOI. Bonds up 10 yr yield -2bps 3.89, $ up vs 1.5672€ & vs 107.505y, WTI -3.75% $136.07, gold down $923.3, TED spread up +1bps 0.94%.
WEN, double triple downdraft, DJIA -237 on average volume with horrible internals. All DOWN BIG cept DJUA. Bonds up BIG 10 yr yield -8bps 3.81. $ down vs 1.5744€ & vs 106.715y, WTI down $135.6, gold up $928.6; TED Spread up +6bps 1%
THU, Mr. Toads Wild Ride, DJIA +82 on lower volume with midlin internals. All UP. Bonds flat 10 yr 3.81, $ down vs 1.5785€ & vs 107.06y, WTI +4% $141.64, gold +1.5% $942, TED spread up BIG +13bps 1.13%.
FRI, triple digit dip, DJIA -128 on very high volume with horrible internals. All DOWN cept XAU, RUT. Bonds down BIG 10 yr yield +15bps 3.96, $ down vs 1.5937€ & vs 106.27y, WTI +2% $144.52, gold +2% $960.6, TED spread up BIG +9bps 1.22%.
This week, DJIA -188, since 09/19/05 DJIA +542. CRB commodities down 472.36 to 461.43
XAU up 188.73 to 194.93 & gold up 936.2 to 960.6; XAU down 1482.18 to 1411.5 & WTI down 145.25 to 144.52. Volatility VIX up 24.80 to 27.49
TED Spread up BIG 0.96% to 1.22%; Dollar index down 72.645 to 71.891; $ down vs Yen 106.785 to 106.27 & vs €1.5704 to 1.5937
This week bonds split, short end up big; mid down; long flat.
30yr +0bps; 10yr -2bps, 5yr -0bps, 2yr +7bps, 6mo -7bps; 3mo -26bps.
30 yr @ 4.54%; 10 yr @ 3.96; 5 yr @ 3.28; 2yr @ 2.60; 6 mo @ 2.01; 3 mo @ 1.57
TUE, bounce, DJIA +152 on higher volume with nice internals. All UP cept XAU, XOI. Bonds up 10 yr yield -2bps 3.89, $ up vs 1.5672€ & vs 107.505y, WTI -3.75% $136.07, gold down $923.3, TED spread up +1bps 0.94%.
WEN, double triple downdraft, DJIA -237 on average volume with horrible internals. All DOWN BIG cept DJUA. Bonds up BIG 10 yr yield -8bps 3.81. $ down vs 1.5744€ & vs 106.715y, WTI down $135.6, gold up $928.6; TED Spread up +6bps 1%
THU, Mr. Toads Wild Ride, DJIA +82 on lower volume with midlin internals. All UP. Bonds flat 10 yr 3.81, $ down vs 1.5785€ & vs 107.06y, WTI +4% $141.64, gold +1.5% $942, TED spread up BIG +13bps 1.13%.
FRI, triple digit dip, DJIA -128 on very high volume with horrible internals. All DOWN cept XAU, RUT. Bonds down BIG 10 yr yield +15bps 3.96, $ down vs 1.5937€ & vs 106.27y, WTI +2% $144.52, gold +2% $960.6, TED spread up BIG +9bps 1.22%.
This week, DJIA -188, since 09/19/05 DJIA +542. CRB commodities down 472.36 to 461.43
XAU up 188.73 to 194.93 & gold up 936.2 to 960.6; XAU down 1482.18 to 1411.5 & WTI down 145.25 to 144.52. Volatility VIX up 24.80 to 27.49
TED Spread up BIG 0.96% to 1.22%; Dollar index down 72.645 to 71.891; $ down vs Yen 106.785 to 106.27 & vs €1.5704 to 1.5937
This week bonds split, short end up big; mid down; long flat.
30yr +0bps; 10yr -2bps, 5yr -0bps, 2yr +7bps, 6mo -7bps; 3mo -26bps.
30 yr @ 4.54%; 10 yr @ 3.96; 5 yr @ 3.28; 2yr @ 2.60; 6 mo @ 2.01; 3 mo @ 1.57
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