Blog: All posts by Tom Haugh
Moral Compass of Mayberry
By Tom Haugh on July 18, 2011
Good morning. The market finished down last week despite a late short-covering rally on Friday afternoon. The SPY finished the week down 2.71 to finish at 131.69 (2%) after trading as low as 130.77 on Friday. The VIX soared 23% to close at 19.53 and the GLD (gold ETF) finished the week up 3.3% at 155.19. The market activity can be summarized as a series of fairly violent moves within the range of 130.50-135.50, with a lot of the significant trading taking place outside of normal market hours.
A Smörgåsbord of Issues
By Tom Haugh on July 11, 2011
Good morning. Despite Friday’s surprise poor numbers from the Labor Department the SPY still managed a positive week, closing up .49 at 134.40 (.4%). That small move up maintained the very strong 5.6% move up from the week before, when really the market could have had some serious losses on Friday. The Thursday ADP numbers (private sector jobs) showed a very strong 157,000 advance, causing many to revise estimates of the governmental numbers on Friday to well over 100,000, and had many thinking the surprisingly bad number of May would be revised upward.
Who Wants the Truth?
By Tom Haugh on June 27, 2011
Good morning. The SPY finished the week down .24 (call it flat) after having some wild moves on Wednesday and Thursday. A rally early in the week culminated in a Wednesday high of 129.81, only to sell off to a Thursday low of 126.19 before bouncing back strongly (after yet another announcement of impending settlement in Greece) to a Thursday close of 128.30. Based on the strength of that bounce you might have thought the rally would continue, but you would have been mistaken, or at least early.
My Email to the President
By Tom Haugh on June 21, 2011
In lieu of an actual blog post this week, I am posting the email I recently sent to info@barackobama.com. I just couldn’t take it anymore.
Stimulus Scenarios
By Tom Haugh on May 31, 2011
LAST CHANCE TO REGISTER: I invite you to register for our In-Office Protected Index Program Seminar on Saturday, June 11th, 2011, from 9:00am – 12:00pm. My brother Dan and I will be presenting the strategies of the PIP. This is an informative no-pressure session. Even modestly funded accounts benefit from this long-term money management program. It is free but you MUST register to attend at PTISecurities.com/Education.htm or by calling Sarah at PTI Securities toll free at 800.821.4968. I hope to see you there!
Good morning. The market rallied back last week to finish virtually flat, the SPY finishing down .10 to finish at 133.51. That leaves it down 2.1% from the April close of 136.43 with one day to go in May. The market seems to be stalled here (although it is rallying so far this morning) for any number of potential reasons. Other than the employment number for March, which showed a surprising gain in employment, most of the economic numbers have pointed to growth slowing.