Blog
Quick PSA
July 25, 2011
Check out the new Stocks and Jocks “Stock of the Day” clips at http://www.StocksAndJocks.net
AND…
In case you hadn’t seen, PTI Securities & Futures’ has new daily “Market Recap” videos. These clips are less than 2 minutes and consist of a PTI broker giving a quick rundown of all the market movers of the day in language that appeals to both the beginner and the expert. These videos are posted daily to the PTI homepage after the close (3pm CST) and are a good means of absorbing lots of information quickly. You can subscribe to get video alerts and to view the entire archive of past videos at the PTI Securities YouTube channel – http://www.youtube.com/user/ptisecurities
Enjoy, folks!
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Moral Compass of Mayberry
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
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?
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
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.