Monthly Archives: June 2010

6.30.10 – I’ve Fallen And I Can’t Get Up

Remember that old TV commercial?  That was my thought watching the market action today as strong pre-opening indications gave way to sideways action most of the day after the employment numbers came out, followed by a “get the heck outta … Continue reading

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6.29.10 – That’s Gonna Leave A Mark

The trading range of the past five weeks came to an end today as the market broke out to the downside on concerns about weakening growth in China and a slump in U.S. consumer confidence.  Treasuries soared (the two-year note … Continue reading

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6.28.10 – Like Two Peas In A Pod

The market wandered again this way and that after yawning about the G20′s plan to reduce deficits in half.  The Dow Industrials see-sawed from positive to negative territory before closing the day down five points to close at 10,138.52.  Volume … Continue reading

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6.25.10 – Speak To Me

The markets are counting down both the end of the quarter and the upcoming long weekend for Independence Day.  The indexes wandered up and down today as investors pondered the impact of a banking overhaul bill that was less strict … Continue reading

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6.24.10 – Red Over Red, You’re Dead

Pilots landing a plane in weather where there is a low ceiling (the bottom of the clouds is close to the ground) or at night utilize a system of lights on the side of an airport runway threshold to provide … Continue reading

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6.23.10 – For This I Watched The Quote Screen All Day?

I kept thinking this afternoon of that “famous” line from the Three Stooges – “Wake up and go to sleep!”  That’s what today’s action felt like.  After wandering hither and yon, to and fro all day, the Dow Industrials closed … Continue reading

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6.22.10 – Here We Go Round In Circles

Home sales dropped unexpectedly and the market took it on the chin as fears resurfaced about the fragility of the economic recovery.  The market traded higher on the open but quickly turned to the downside and the Dow Industrials lost … Continue reading

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6.21.10 – I Yuan To Go Home

The market opened with a bang and closed with a whimper today, as the major indexes attempted to push up to their 50-day SMAs but failed to hold their gains.  There were high hopes that China’s revaluing the yuan would … Continue reading

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6.18.10 – The Suspense Is Killing Me

The quadruple witch expiration ended quietly today with the Dow Industrials adding 16 points to close at 10,450.64.  The S&P 500 Index gained .13% while the Nasdaq Composite rose .11%.  Gold hit a new high and energy stocks rose. AGQ, … Continue reading

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6.17.10 – The Music Was Hauntingly Familiar

Why was I experiencing deja vue all over again today?  Seems like today’s action was very similar to others we’ve seen the past few weeks.  The Dow Industrials opened strong, weakened and went into the red this morning, then rallied … Continue reading

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