Wednesday, June 10, 2009

10 yr Treasury auction stalled rally today.....

Markets were rallying @ open then turned south on 10 yr rate jitters......Auction bid ratio was better than expected but rate had to be moved up to 3.99%.....10 yr rate closed @ 3.9360%..lower than auction.....which is a good thing.....

Oil is giving a clear signal that Asian economies are moving in the right direction......good for US & Europe recovery......

Media is in a frenzy that there is a horrendous issue with 10 yr & Thursday's 30 yr auction.....rates are already reflected the reality of coming recovery in US...so it is moving UP...which is a good sign....4.758% is the last bid..so if the auction is done @ 4.79% media will scream......

Market knows all these "concerns"...so why all the indices came back to less than .38% loss ????

All indices closed above 200 DMA AGAIN......

AH futures are all small green..not bad again ...considering media frenzy.....

VIX closed @ 28.46....UP only .67%......

Solar stocks are taking turns and going "skywards"...again sign of credit availability....

Strong stocks today were ESLR,STP,CSUN,SOL,STP,RIMM,POT,AGU,
FXI,ISRG,MA,X,NDN,ACH,FRO.....

BLOG does NOT give buy or sell.

Saleem

2 comments:

madmax said...

SALEEM

have a great day
Market is looking week today,

Good Luck

Stocks100 said...

Hi Madmax,

Markets are holding GREEN so far...

Your AAPL is green also $$$$

Saleem