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You Can’t Be Half a Gangster

December 5, 2011


Good morning. It was a huge week for the market last week, with the SPY up 8.52 (7.3%) to close at 124.86. That number represents a gain of 2.3% over the last two weeks, and a decline of 1.4% from the close three weeks ago on 11/11. The VIX last week dropped a full 20% to 27.52, indicating strongly that the market perception of risk, at least in the short term, has dropped significantly. Why the sudden change in market attitude?

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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.

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Bin Laden and the Trickle Down Theory

May 2, 2011


Good morning. It was another solid steady move to the upside last week, with the SPY rising 2.65 (2%) to close at 136.43. This move, again, comes under the general umbrella of lower dollar and higher commodity prices in line with the expansionary monetary policy being maintained by the Federal Reserve. Today we have the added bullish sentiment accompanying the raid on Osama Bin Laden’s compound in Pakistan, during which he and several companions were killed by U.S. Special Forces.

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Governmental Largess

January 3, 2011


Good morning, and Happy 2011 to all. Last week the market basically flat lined, with the SPY up .15 on the week, call it even. The VIX was actually up 7.8% on the week to close at 17.75, reflecting the idea that the post holiday weeks will probably be somewhat more volatile than the very slow markets we have seen in the last week. For the year the SPY was up 12.8%, 10.2% of which occurred in the last quarter. The relatively rapid market rise corresponds almost exactly with the Federal Reserves actions to increase the money supply growth beginning last August.

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Backfire

September 27, 2010


This week is the last chance for you to register for this great AND FREE seminar: If you are interested in learning more about my managed money program, the Protected Index Program (PIP), PTI Securities & Futures is hosting a no obligation, no-pressure, complimentary In-Office Protected Index Program Seminar on Saturday, October 2nd, 2010, in a classroom overlooking the CBOE at PTI’s Chicago Loop Office from 9:00am to noon.  A continental breakfast, coffee bar and classroom materials will be provided. Topics covered include: review of option basics, investment program objectives, diversification solutions, SPY basics, index portfolio examples, option time decay and PIP portfolio example, strategy expectations and objectives and longer-term fixed income products. Space is limited and all attendees must register at www.PTISecurities.com/Education.htm – Come out, have a cup of coffee with me, and meet some of PTI Securities’ experts.

Good morning. It was another positive week for the market last week, or actually was a very strong Friday after a lackluster first four days. The SPY closed up 2.33 (2.1%) on the week to finish at 114.82, all but one cent of that advance coming on Friday. The economic numbers had been generally positive for the week, and when the Durable Goods number on Friday came in less than forecast in total, but better with the Transportation orders out, the market ran to the upside.

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