Market Soapbox 08/14/08
THU, bounce, DJIA +83 on lower volume with nice internals. All UP cept DJUA, XAU, XOI.
Bonds up 10 yr -5bps 3.89%. $ up vs 1.4804€ & vs 109.778y, WTI -1.5% $114.97, gold down $810.7; TED Spread down -1bps 0.95%
SP500 1285, drop to support 1276, rise to resistance 1300, fade to close 1293. NDX 1942, drop to support to open 1930, bounce to 1969, close 1964.
Today, largest CPI jump in 17 years, excepting WalMart, poor retail numbers. housing tanking further...
yet, suckers flocking to buy. Critical action coming through next WEN.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
Bonds up 10 yr -5bps 3.89%. $ up vs 1.4804€ & vs 109.778y, WTI -1.5% $114.97, gold down $810.7; TED Spread down -1bps 0.95%
SP500 1285, drop to support 1276, rise to resistance 1300, fade to close 1293. NDX 1942, drop to support to open 1930, bounce to 1969, close 1964.
Today, largest CPI jump in 17 years, excepting WalMart, poor retail numbers. housing tanking further...
yet, suckers flocking to buy. Critical action coming through next WEN.
Often wrong, but never in doubt, this is the Nattering Naybob and you're not.
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