MorningWord 6/27/12: Equity markets over the last 2 months or so have just started again to feel the stresses that have existed in the credit and currency markets that had never really abated since last …
Continue reading
Bloomberg Orders for durable goods climbed more than forecast in May, easing concern that U.S. manufacturing is faltering. Bookings rose 1.1 percent, the first increase in three months, a Commerce Department report showed today in …
Continue reading
The overnight range in the SPX futures has been 6 points, on very light volume. The overnight range in the Euro has been between 1.2480 and 1.2510. The 10 year Treasury yield has traded within …
Continue readingThe market bottomed after the puke on June 1st from the weak Payrolls number. The rally off the bottom was initially led by the cyclical sectors. Financials were the leader, but energy was …
Continue reading
RIMM is down about 7.5% since yesterday’s downgrade of the stock to an underweight rating on what the analysts cites as “rapidly deteriorating fundamentals”………NEWS FLASH: TITANIC HITS ICEBERG. There is no real fundamental reason to …
Continue readingUpdate SPY, June 26th at 10:45am – Sell SPY 132 calls at $0.75, a small loss: I am going to sell the calls I bought yesterday at 0.79 for 0.75 today, for a small loss. I …
Continue readingUpdate AZO – Buy back lower put, June 26th at 10:20 am: I just bought back my AZO Jul 330 puts that I’m short for 0.70. I initiated the AZO Jul 360/330 put spread for …
Continue reading
Marketwatch U.S. home prices shot up in April to post the first monthly gain since last autumn, according to a closely followed index released Tuesday. The S&P/Case-Shiller 20-city composite index gained 1.3%, with 19 out …
Continue reading
MorningWord 6/26/12: In yesterday’s market action there were very few signs if any, that things weren’t as bad as they seemed, and trust me people, WMT‘s strength (up 1.3% yesterday) is not Bullish for anything …
Continue reading
“China is the next world power.” “China will be the world’s largest economy in 20 years.” “China has more than a billion people. That’s endless demand.” I’ve heard variations of these stories for the past …
Continue reading