Tuesday Market Wrap

For the day the SPX/DOW were +0.65%, and the NDX/NAZ were +0.85%. Bonds gained 2 ticks, Crude rallied $1.90, Gold added $2, and the USD was lower.  Tomorrow: the CPI at 8:30, the ECB starts their two day meeting, the NAHB index at 10am, then the FOMC statement at 2pm.  Friday is option expiration too. The [...]

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Monday Market Wrap

For the day the SPX/DOW were mixed, and the NDX/NAZ were -1.0%. Bonds gained 7 ticks, Crude rose 55 cents, Gold added $3, and the USD was flat.  Tomorrow: PPI at 8:30, Senate testimony from FED director Hunter at 10am, and the FED starts its FOMC meeting.  SPX 1973 is our first line of support short [...]

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King Dollar and Stocks

The greenback is getting goosed big time and rates are rising.  A strong dollar is ultimately a good thing, so don’t get your boxers in a twist. Stocks could sell off a bit here though, as the market processes this new normal. Lets face it, we cant financially engineer things forever. Gold has the glide [...]

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Monday Market Wrap

The market pretty much chopped around and went sideways today and I score that as a plus for the bulls. Everyday that goes by where we don’t go down hard, brings in the skeptics and the shorts.  We all know how the shorts have fared in this market. I still think the SPX looks like [...]

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