Heat Map and A/D Lines
Europe Reverses Rally, Italy Tanks 2.8%, Spain Down 0.65%
Italian Markets Are Down More Than 2%
All European indices have reversed sharply off their highs, none as much as Italy, however.
Markets Ignore Spanish Bailout
The U.S. markets have already faded the Spanish bailout in the first hour of trade. Spanish banks tell the real story.
Comments »FLASH: SPANISH AND ITALIAN YIELDS CLIMB, POST #SPAILOUT
FLASH: The Euro is Now Flat, Giving Up a 1% Rally
FLASH: Hopium Fading Quickly
U.S. futures have paired upside by 60%
The Euro which was 1.26 overnight is now negative at 1.24ish
Spanish and Italian yields are rising
Italy’s market is negative and the rest of Europe is gradually losing altitude…
Comments »
Global Markets & U.S. Futures Celebrate Spain’s Bailout
Global Markets rose overnight on Spain’s bailout; but imo not as strong as they should have. Perhaps i am too harsh, but i would have expected much more upside action action in Europe despite the huge bounce last week.
Yields for Italy, Spain, France, and Germany …
Comments »
FLASH: The Heng Seng is Up and Running
FLASH: NIKKEI GOING ‘FULL SAMURAI’ TO THE UPSIDE
FLASH: EUROPEAN MARKETS INDICATING +2.5% ON OPEN
ALERT: US FUTURES OPEN +19
#SPAILOUT: EURO SPIKES, DOLLAR TANKS- RISK ON
The euro is higher by almost 1% versus the dollar, on a monster spike to the upside following the Spanish bailout.
Market Update
Hopium fuels the market into the weekend thus far. We shall see how high investors get into the closing bell. My sense we close flat to down a bit given the tensions in Europe being unresolved. Make that not even close to being resolved. How about rumors of resolving the scenario are not even on the horizon. But, hey that is just me so keep buying stocks into the vortex.
Heat Map and A/D Lines
ETF Corner
Check out the latest trends, unusual volume, and price movers in the ETF world.
Comments »Investors Scooped Up ETFs as the Markets Were Tanking in May
The individual investor stepped into the market during scary sessions in May. Over $4.1 billion flowed into ETFs.
Comments »Rail Traffic Continues to Expand Modestly
“Rail traffic was mixed again this week, but the trend in intermodal remains modestly positive. The AAR reported a decline of 3.1% in carloads and an increase of 4.1% in intermodal traffic. The 10 week moving average
in intermodal ticked up to 3.5%. I track intermodal because it has tended to involve less volatility in specific commodity names and tracks the economy a bitter more closely. While intermodal growth is nowhere near the rate of change we saw in 2010, it’s clearly still growing. This served as an early warning indicator into the 2008 downturn and has yet to show signs of contraction. Here’s more from the AAR:”
