Market Soapbox 08/11/08
MON, followthrough, DJIA +48 on average volume with nice internals. All UP cept DJTA, XAU.
Bonds down 10 yr +6bps 3.99, $ up vs 1.49€ & down vs 110.109y, WTI down $114.57 gold -4% $829.7, TED spread down BIG -10bps 1%.
SP500 1297, dip to open 1291, rise to 1313, fade to close 1305. NDX 1926, dip to open 1917, rise to 1962, fade to close 1941.
Today, both SP500 & NDX put in new highs since 07/15 low. Critical action coming this THU through next WEN.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds down 10 yr +6bps 3.99, $ up vs 1.49€ & down vs 110.109y, WTI down $114.57 gold -4% $829.7, TED spread down BIG -10bps 1%.
SP500 1297, dip to open 1291, rise to 1313, fade to close 1305. NDX 1926, dip to open 1917, rise to 1962, fade to close 1941.
Today, both SP500 & NDX put in new highs since 07/15 low. Critical action coming this THU through next WEN.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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