FUTURES |
PRICE |
CHANGE |
| T-Note |
105.91 |
+ 1/32 |
| T-Bond |
104.21 |
+ 10/32 |
| T-Bill |
95.26 |
- 0.05 |
| Euros |
94.80 |
0 |
CASH |
YIELD |
CHANGE |
| T-Note |
5.15% |
- 0.03 |
| T-Bond |
5.48% |
- 0.06 |
CASH INDEXES |
PRICE |
CHANGE |
| Utility Index |
376.86 |
+ 4.89 |
| US Dollar |
999.99 |
+ wow |
| Dow |
10965.85 |
+ 101.75 |
| S & P |
1354.31 |
+ 4.84 |
| NASDAQ |
2643.20 |
- 17.30 |
INFLATION GAUGE |
PRICE |
CHANGE |
| Gold |
Futures |
265.70 |
- 1.40 |
| Oil |
Futures |
30.59 |
- 0.60 |
| CRB |
Cash |
225.45 |
- 92.64 |
|
|
| Comments | |
Mixed day. Credit markets are showing a mixed picture today, as their Yields are slightly higher for some maturieties and slightly lower for others. Yields may attempt to drop over the short term to readjust from Friday's Upward Surge.
There is little economic news to be released this week, so the Market should move on their natural oscillating (up & down) trading tendency. The Stock Market is also mixed with the Dow up higher and the S & P and NASDQ lower. The longer Intermediate Term's Trend is defined as Upward, but the Short Term's Trend may provide some temporary improvement. |
| |
| Technically Speaking | |
A quite day in the markets, with the Bonds showing some improvement, but the Mortgage Back Securities continue to struggle on the day. A minor rally could occur, balancing out Friday's harsh sell off (Interest Rate Complex). Commodities and Oil Prices are taking a breather, asthey trade lower temporarily helping the Interest Rate Environment.
The S & P and NASDQ are showing weakness and may have a bigger impact than the Dow on the Interest Rate Complex. The Interest Rate Complex is Neutral on the day iwth the Mortgage Backs (Futures) trading under their previous day's levles, a Bas sign if they can not recover tomarrow. |
| |
| Weekly Events | |
| Monday - NAPM Index Wednessday - Business Productivity, Unit Labor Cost Thursday - Wholesale Inventories |
|
