September 15, 2011
Please enjoy this Q&A article where my brother, Dan Haugh, is interviewed by Morningstar.
June 27, 2011
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.
August 16, 2010
Good morning. It was a sharply down week for the market last week, with the SPY closing at 108.31, down 5.08 for the week (3.6%). The VIX, as expected with the market down, ran up 20.7%, closing up 5.5 at 26.23. The close Friday on the September S&P Futures contract of 1076.10 is fairly close to the midpoint of the post-holiday low of 1003 (in the pre-market session on July 6) and the high on August 5 of 1127.
May 11, 2009
Good morning. It was yet another solid week for the market, especially big caps, last week. The SPY had a very strong move from 97.89 to 92.98, or 5.8% (and now positive on the year), and the Industrials were up 4.4%, from 8,212 to 8,575. The QQQQ’s, however, were actually down slightly on the week, from 34.37 to 34.23. To some extent the rally was concentrated in oils and financials, and the de-coupling with the QQQQ’s may signal that some caution should be considered after the rapid run-up. The VIX continues to show an increased comfort in the market, as it was down over 10% on the week, from 35.29 to 32.04.