Not Bad Considering

The market over the last two days tells you what it really cares about.  Yesterday we worried about Greece, but the market shook it off.  Today however, the big stocks, the “bluest of blue chips”, screwed the pooch and failed miserably on earnings.  You know the names, MSFT, CAT, PG……. So the bottom line is […]

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Big Dow Stocks Miss

The Dow Jones is down about 300 points pre open as the big DOW 30 stocks have disappointed.  Most of the misses can be attributed to the very strong dollar. Some of the names that are down due to currency issues (strong dollar) include: PG, DDD, CAT and MMM.  PFE also had issues. MSFT is […]

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Some Greek Upset

Right now futures are lower by about 1/2 percent.  Crude futures are lower and broke the $45 level before bouncing slightly.  The dollar is trading up solidly and the euro is down, but bot as badly as you might think. The Greek election results came in and the far left party won, so Greece, the […]

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Historic Highs In Biotech

The market caught a bounce this week and it really took a ride yesterday as Draghi took out his QE bazooka to the tune of about $1 trillion.  The shortened week started on Tuesday and pretty much followed through from last Friday. Today seemed to be a consolidation day for the bulls as the market […]

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Biotech All Time Highs

The market opened on a very strong note today, then gave back all the green, went red and then started basing around the lunch hour and then managed a slightly green close on the SPX. Good clean fun right.?  Lulls you into a sense of security, hits you with a kettle bell to make sue […]

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The Selling Continues

The sellers persisted today and the SPX is now down about 100 handles from the December intraday highs. The biotech sector looked liked murderers row again as more profits were captured. SPX has now broken all moving averages with the exception of the 200 days which is now just below. IBB is still holding its […]

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