June 14, 2010
Good morning. Snap back week for the market last week, as the market looked at some stronger numbers out of Asia and the run on the Euro subsided somewhat, at least for the moment. The SPY’s finished the week up 2.86 (or 2.7%) to close at 109.68, virtually the same level it closed the Friday before Memorial Day. So we had a fairly violent move to the downside, down to 104.65 last Tuesday, before recovering to slightly higher for the two weeks last Friday. This morning the market looks to extend those gains.
January 11, 2010
Good morning. It was a strong first week for the market in 2010, with the SPY closing up 3.13 on the week to 114.57 (2.8%). More importantly (maybe) is the amazing drop in the VIX, from 21.68 to 19.12, an astounding 16%. Could an expiration back spread be in our future? I am surely tempted, and may jump on one as soon as today.
November 30, 2009
Good morning, and hopefully everyone had a happy and restful Thanksgiving holiday. The market was mostly positive last week until Friday, the normally sleepy half day after Thanksgiving, when the market reacted to worldwide sell-offs on Thursday due to the impending suspension of interest payments from Dubai World. The SPY was down on Friday from 111.38 to 109.38, or 1.6%, essentially erasing the entire gain of the previous four days, but not nearly as much as the 2-5% drops in other markets around the world.
September 21, 2009
Good morning. It has been a couple of weeks since I have written, primarily due to the effort required to start the Internet show – “Stocks and Jocks”. For those who may have missed Sarah’s announcements the show airs live on www.StocksAndJocks.net every day from 11am-12pm CST and is available afterwards by archive – for on demand listening or download. Dr. J is with me, and we have a great and growing group of guests as the show gains momentum. I would encourage you to listen and participate, there is a lot going on affecting the market that we should all be understanding and talking about.
August 24, 2009
LAST CHANCE TO REGISTER, FOLKS! If you’re a trader or investor in the Chicago area and you’ve never attended a complimentary Protected Index Program® Seminar before, register for our Saturday August 29th 3-hour session from 9:00am – noon at our Loop Office. My brother Dan and I will be discussing how our long-term portfolio strategy works and answering your questions. You will also meet some of our talented staff and enjoy a free breakfast and coffee bar. All handouts and classroom materials will be provided, but you must register.
And, if you cannot attend a Chicago seminar, I encourage you to register for the 90-Minute PIP Teleconference on Wednesday, September 9th from 6:00pm – 7:30pm Central Time – get details here. There is no cost for this session, either! All you need to join in is a phone and PC — participate from anywhere in the U.S. – from your home or office!
Good morning. The market was back in the plus column last week, despite a deep sell-off to start the week last Monday. For the week the SPY was up 2.18, or 2.2%, to close at 102.97, a number not seen since last October 6. The VIX was actually up slightly for the week, finishing up.74 to close at 25.01.