Listen Live
M-F 6AM-8AM

Blog Archives

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.

Read more


Hog Heaven

December 20, 2010


Good morning. Even though the SPY had several minor up days last week, as the market continues its gradual but steady rally, it actually closed down 18 cents to finish at 124.30. This is due to the 60-cent dividend that came out on Friday morning.

Read more


A Hot Mess

November 29, 2010


Good morning. The market retreated a little last week as people headed to the malls for what most prognosticators predict will be a solid holiday buying season. The SPY finished down 1.39 (1.2%) to close at 118.80, almost all of which happened during the half-day session on Black Friday. What was supposed to be a sleepy day turned out to be just that, a sleepy day, except the market opened down around 1% and stayed right there until the close.

Read more


What Ever Happened to Mayberry?

November 22, 2010


Good morning. There was conflicting news in the market last week that had the market moving fairly violently on an intraday basis, only to close almost exactly unchanged. The SPY closed up a whole .09, at 120.29, after trading as low as 117.59 on Tuesday. The VIX closed down a solid 12% at 18.04, reflecting confidence that nothing bad will happen in the upcoming Thanksgiving week, or maybe for the rest of the year. Normally that would be the case, quiet trading before and after the holiday, but the recent few years have been anything but normal.

Read more


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.

Read more