Blog Archives
Economics 101
September 13, 2010
Good afternoon. It was a second in a row up week for the market last week, with the SPY advancing .59 to close at 111.48 (.5%). It was significant because the market was able to hold and consolidate the large gains of the week before, leaving the SPY up a strong 4.3% for the two-week period. The VIX was actually up slightly (3%) last week but still showed a large drop of 10% for the two-week period, closing at 21.98.
Earnings Season
July 12, 2010
Good morning. It was a very positive week for the market last week, with the SPY trading up 5.76 to close at 107.96 (5.6%). It was an even more dramatic move for the S&P Futures contract, which actually traded down to 1003 in the electronic session last Monday and finished the week at 1072.50, or up 6.9% from the low print. Last week’s positive move almost exactly negated the strong down move the week before, and last Friday’s close of 107.96 is a whole 9 cents higher than the close on 6/25 of 107.87.
An Insult to Every American
June 28, 2010
“If you want to find out why our PIP Program performs as favorably as it does, sign up for our July 17th In-Office Protected Index Program Seminar.” — Tom Haugh
Good morning. Down week for the market last week, with the S&P losing 3.5% to close at 107.87. The VIX shot up 16% to close at the fairly high number of 28.53. It seems, for the moment at least, that we are still stuck in this trading range of roughly 1040 to 1120 on the S&P, with the market wanting to flutter somewhat violently back and forth from the 1080 number.
About That “Flash Crash”…
May 24, 2010
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.
Asia, Greece and More
February 16, 2010
Good morning. It was a very interesting week for the market last week. The SPY advanced 1.38 (or .9%) on the week to close at 108.66, after actually trading lower on last Friday than the close of the week before. It was actually a fairly impressive rally off the lows last Friday, as the low opening was associated with negative market news from both Europe and Asia.