Nikkei Gaps Up Slightly, Then Fades, Then Rallies
Obama Stimulus Failed Because It Was a Pygmy Package
So if we wasted even more money then it would have been a success ?
Targeted stimulus was what was needed.
Comments »Today’s Winners and Losers
No. Ticker % Change
1 ATRN 47.11
2 KONA 27.00
3 REVU 21.43
4 CMLS 19.20
5 AUTH 15.04
6 EVC 15.04
7 REXX 13.51
8 CVVT 12.80
9 AMAC 12.09
10 BGMD 11.75
11 PARD 11.46
12 OMEX 10.56
13 MHR 10.07
14 VRML 9.83
15 NAVR 9.71
16 FTWR 9.43
17 CWTR 8.46
18 TNCC 8.34
19 GLNG 8.27
20 NUGT 8.18
21 OREX 7.48
22 NG 7.23
23 IPG 7.19
24 FSM 7.19
25 SCON 7.14
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No. Ticker % Change
1 MCP -18.43
2 HLS -14.63
3 CYDE -12.50
4 NCT -11.68
5 CMM -11.66
6 HEV -11.29
7 ARAY -10.39
8 MITL -9.91
9 MLNX -9.69
10 LOGL.OB -9.25
11 FEED -8.70
12 ZN -8.70
13 NFLX -8.58
14 TSL -8.42
15 DUST -8.03
16 STP -7.98
17 REE -7.76
18 SOL -7.58
19 DATE -7.47
20 CGA -7.12
21 RST -7.02
22 YGE -7.00
23 CXM -6.90
24 SCOK -6.84
25 PRAN -6.74
FLASH: SHARES OF NFLX IN VAPOR LOCK MODE
Down another $12 to $131.86
Comments »Housing Starts: Prior 604k, Mkt Expects 590k, Actual 571k
U.S. Treasury Notes Falls Confirming Momentary Strength in Equities
George Papandreou: Productive Phone Calls Continue
Reports of productive phone calls started yesterday and continuing today have held world equity markets up in anticipation Greece will not default shortly.
Comments »Crude Oil Trades Higher Overnight and The Euro Pares Losses
Global Markets Trade Higher on Today’s Fed Meeting
Most markets and U.S. futures trade higher on anticipation the fed will bring relief to equities through operation twist.
Some Asian markets pare losses
Europe climbs despite new record debt swaps for Italy
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Markets Warm to the Idea That Greece is Making Headway With Troika
Markets showed a very impressive claw back from this morning’s gap down.
Greece said to be close to working with creditors.
Comments »Today’s Best Performing ETF’s
No. Ticker % Change
1 TVIX 11.96
2 EDZ 11.20
3 DPK 9.87
4 FAZ 8.75
5 ERY 8.48
6 EPV 8.25
7 VZZB 8.25
8 YANG 8.09
9 LHB 7.73
10 FXP 7.64
11 TMF 7.56
12 EEV 7.56
13 BZQ 7.36
14 MWN 7.17
15 EFU 7.11
16 SRTY 6.76
17 TZA 6.74
18 DTO 6.70
19 ZSL 6.61
20 SCO 6.43
21 DRV 6.08
22 VIXY 6.00
23 SMN 5.94
24 VIIX 5.91
25 SKF 5.89
MACD Suggesting Market Crash
One indicator is not enough for me, but this piece shows a potential drop coming for the markets….
Comments »Lunch Break: S&P Double Top
Last weeks rally was a hopeful run. Everyone on the planet expected some sort of plan from Europe regarding Greece and the rest of the PIIGS. Geithner attended some meetings with finance ministers, but has largely been downplayed as a nobody given our fiscal problems and being the creators of the global slump.
The S&P has made what appears to be a double top around the 1220 level.
Now the world is waiting on the clam to save the world, but despite a 65-70
% expectation that the clam will do operation twist many are left wondering if the clam will bow to the market’s desire and or if it will actually have any real effect.
One good thing about last weeks rally is that the 30 day moving average seems to be flattening out.
Look for some support @1176 S&P,
but do not rely upon this level as real support is 1145.
Looking at a longer term chart it appears that the markets will find strong support at the 1145 level, but there is a chance that this is just the beginning of a meaningful down turn. Structurally speaking the longer term chart puts us in near oversold territory. That of course can change if problems persist.
Given the Geithner rejection, assumption among many that QE2 failed, living with zombie banks, a weak consumer appearing to get weaker, a potential Greek default, confusion on how to solve problems; well let’s say i’ll refer to Albert Barlet: “The greatest shortcoming of the human race is our inability to understand the exponential function.”
Still keeping most of my powder dry for the shopping list. Trading is the only option here.
[youtube:http://www.youtube.com/watch?v=PANEcjhSfv4&feature=related 450 300] Comments »
Will All Cash transactions Help The Housing Market ?
Fannie and Freddie Regulator To Raise Fees Government Mortgage Backing
More fees and a potential shift of risk to the private sector are what’s being touted to reform quasi government entities…
Comments »Home Builder Sentiment Sags Again
…the housing market continues to struggle…..REALLY
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