May 31, 2011
LAST CHANCE TO REGISTER: I invite you to register for our In-Office Protected Index Program Seminar on Saturday, June 11th, 2011, from 9:00am – 12:00pm. My brother Dan and I will be presenting the strategies of the PIP. This is an informative no-pressure session. Even modestly funded accounts benefit from this long-term money management program. It is free but you MUST register to attend at PTISecurities.com/Education.htm or by calling Sarah at PTI Securities toll free at 800.821.4968. I hope to see you there!
Good morning. The market rallied back last week to finish virtually flat, the SPY finishing down .10 to finish at 133.51. That leaves it down 2.1% from the April close of 136.43 with one day to go in May. The market seems to be stalled here (although it is rallying so far this morning) for any number of potential reasons. Other than the employment number for March, which showed a surprising gain in employment, most of the economic numbers have pointed to growth slowing.
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.