Morning folks. Nasty gap down across the board. At this moment the SPY is down 2.74%. Looks like the market is reacting quite negatively to Greek Prime Minister Papandreou announced a referendum on the eurozone bailout, which increased fears that Greece may default. Couple with dissapointing china pmi and here we go! We are …
Well we had a europe positive news cycle for a couple weeks and market went up…and today amid some fresh concerns over italian something or other (bond rates? who knows) and the Greek PM saying he will put the european unions agreement up to a referendum. Not sure how that ends up the Greeks are …
evening folks. Great week in the markets. The s&p was up almost 4% and we finally broke over the 200 day moving average. This is a huge development as the 200 day moving average signals the longterm trend. This thrust really puts the bears backpedalling. If we can hold here im not sure they will …
The market took off with a big gap this morning over the eurozone news and anybody with the buy the rumor sell the news mindset got taken to the back and beaten with one of their own limbs. The huge gap was met right with the 200 day moving average causing a slight dip to …
Evening folks. The market finally had a dip after 2 weeks of runup incurring the largest losses in the indices of the past 2 weeks weighed down by some renewed euro worries and the . The s&p failed to break of the range that we have been in the past couple months providing an easy …
Morning folks. Futures looking looking positive this morning following strength in the overseas markets. European markets are higher in afternoon trading. Britain’s FTSE 100 gained 0.54%, Germany’s DAX added 1.45% and France’s CAC 40 jumped 1.55% on the session. Asian stocks ended the session mixed. China’s Shanghai jumped 3%, Japan’s Nikkei 225 lost 0.4%, and …