Yields for Italy, Spain, France, and Germany …
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Market Update
U.S. equities have very little to complain about and as a result we have another tepid rally on our hands. Hopefully, we will not see a give back like yesterday.
Earnings, a clam put, and hope for Europe resolving their debt problems fuels the cautious rally.
Shoert have to cover as markets continue to drift higher into the heaviest shorted market in 5 years.
The S&P has poked its nose above 1400.
Europe has pared any losses seen during the trading session. Europe was able to ignore some recessionary data and the Standard Charter banking scandal.
Oil is up firmly in today’s session.
Comments »No Bad News, a Clam Put, and Good Earnings Help to Boost Equities
“U.S. stocks advanced, sending the Standard & Poor’s 500 Index higher for a third straight day, amid better-than-estimated corporate earnings and speculation global central banks will take steps to boost economic growth.”
Comments »Global Markets Trade Mixed While U.S. Futures Reach for Higher Ground
Guess What Spain Did Today?
3D Heat Map and A/D Lines
A Technical Checkup On the Markets
Concerns Over The European Debt Crisis Ease, Helping Markets to Rise
Fears over Europe’s debt woes have subsided a bit as comments out of Italy suggest that interest rates may be lowered soon by the ECB. As a result global markets rose overnight.
Comments »Global Markets Rally While U.S. Futures are Cautiously Optimistic
FLASH: Nikkei Follows U.S. Markets Higher at the Open
Market Update
U.S. equities rally hard on better than expected non farm payrolls erasing the week’s losses this morning.
The S&P and the DOW have touched new highs not seen for at least a month or two of trade. Let’s hope we stick a close above these new levels signifying a break out to the upside.
[youtube://http://www.youtube.com/watch?v=3GwjfUFyY6M 450 300] Comments »July ISM Index: Prior 52.1, Market Expects 52.3, Actual 52.6
Old Man Buffet’s Favorite Indicator Continues to Show Expansion in the Economy
Rail traffic continues to expand;
“The latest data from the AAR showed another gain in intermodal traffic at 4.1%. This brings the 10 week moving average to 5.1%. Carloads paint a more mixed picture with a decline of 1.5%. Intermodal, historically, has been a better leading indicator of economy growth, however. I think it’s all consistent with a muddle through economy, but not one that’s currently contracting. The AAR has more details:”
Comments »Non Farm Payrolls: Prior 84k, Market Expects 105k, Actual 163k…Unemployment Rate 8.3%
Asia Trades Mixed, Europe Bounces Hard, and U.S. Futures Look to Take Back Yesterday’s Losses
Market Update
Markets remain weak after no action out of the ECB. While they are working on reform for the debt crisis, markets see this as a possibility for trouble to emerge. U.S. equities pared half their losses by 10:30 am, but have since fallen back to the lows of the day.
Considering all that has happened in the last two days the markets should get a teflon grade A rating as we could have tanked hard. Wait for the close to see where we really end up.
The clam put has been pushed off for September. Markets are awaiting their fix.
[youtube://http://www.youtube.com/watch?v=N6uEMOeDZsA 450 300] Comments »
