Blog Archives

Who Wants the Truth?


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.

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About That “Flash Crash”…


Good morning. Wild and down market last week, despite the late day rally on Friday. For the week the SPY was down 4.78 (or 4.2%) to close at 109.11.The low on Friday of 105.36 was only slightly above the so-called flash crash low of 105, not a pretty site if you were in the camp that the “flash crash” was just an anomaly.

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