With the SPY consolidating here (132.26) I just placed a quick bet to profit in case it breaks down and the market selloff continues.
Continue readingEurope
WSJ Economics: When we’re not freaking out about Europe, we’ll glance momentarily at: 7:30 a.m. ET all times: We get the NFIB small-business optimism index. Small businesses create approximately 147% of all the jobs in …
Continue readingToday’s action could be a little moment of truth for the strength of the rally off of the recent bottom…..Many were left scratching their heads as much of the early start to the rally was …
Continue readingFriday was more of the same, all day selling with barely an uptick. Our equity markets have plenty of things to be worried about, but it now appears that investors are being a bit more …
Continue readingWell, we got the big rally day. And the real question wasn’t whether it was going to come or not, but when, and for how long……the Nasdaq outperformed the SPX by almost 80 bps, which …
Continue readingYesterday had a little something for everyone, I laughed, I cried, well mostly cried……even-though we spent most of the day in the green the equity markets had a sort of heavy feel to them. Chart …
Continue readingSeeking Alpha Friday’s Economic Calendar 9:55 Reuters/UofM Consumer Sentiment 10:00 Leading Indicators 10:30 ECRI Leading Index DShort The S&P 500 dropped from its mid-day highs to a low within a few basis points of its …
Continue readingYesterday TECD, a wholesale technology distributor, disappointed investors with an earnings and revenue shortfall that was largely blamed on weak consumer demand in Europe. The stocks 12% sell-off following the news and the generally mediocre commentary …
Continue readingFutures: S&P 500 1,316.70 -11.10 NASDAQ 100 2,321.75 -21.75 DJIA INDEX 12,359.00 -107.00 Business Insider Good morning! Happy Monday! Everything’s getting clobbered right now following a week of turmoil on Wall Street and more …
Continue readingS&P Futures 1323.2 – 2.40 (Last Updated 09:04:07 AM) Business Insider Along with all of the weak macro data (spending, consumer confidence, you name it), inflation just keeps getting worse in the UK. Even core …
Continue reading