D&D Note (8-24-2012) There was a wall of upward movement in the markets around 11:15 today when FED Chairman Ben Bernanke released a note that was sent to Rep. Darrel Isaa, who is the chairman of the House oversight committee, discussing how the FED still has the ability and room on the balance sheet to … Continue reading
D&D Note (8-23-2012) Stocks continued to slide today on global growth concerns. September will be a very volatile month and we most likely will see a 5-10% correction in markets over the next month. Selling today was sparked by the latest China report on manufacturing which came in at nine month low and continued after … Continue reading
D&D Note (8-21-2012) After the S&P 500 hit a high of 1426 traders took the opportunity to lock in gains and thus we saw markets reverse. The previous high was 1423 which was reached on May 15th 2008. Don’t be surprised to see further downside risk before we eventually head back up. A 5% correction … Continue reading
D&D Note (8-20-2012) More and more there has become one so called General in stocks that drives the direction of markets, and that is the world’s largest company Apple (AAPL). The company makes up a large percentage of weight in both the S&P 500 and the Nasdaq. Today stocks wanted to turn over but Apple … Continue reading
D&D Note (8-16-2012) The General that lead markets higher today was Cisco (CSCO) which rose 9.63% to close at $19.02 a share after beating on earnings and increasing the dividend. Traders bought into the company and the rally helped lift those cloud stocks that all got hit earlier this week, and also lifting the market … Continue reading
D&D Note (8-15-2012) Flash crashes, billion dollar bank trading losses, computer glitches, botched IPO’s, LIBOR manipulation… it’s no wonder the retail investor (i.e. the little guys on main street) have stayed out of the markets. Who really controls them? When Wall Street heavy weights like hedge funds and other institutional trading firms sit on the … Continue reading
D&D Note (8-14-2012) Stocks got an early boost from Europe with better-than-expected Q2 GDP numbers from France and Germany. Retail sales in the U.S. gained for the first time in four months which also boosted equities early on in the trading day. The rally however faded into the day leaving markets mixed. Data globally continues … Continue reading
D&D Note (8-13-2012) After the longest rally since December 2011 the S&P 500 finally snapped the 6 day winning streak. Most likely we’ll continue to see the market heading up until we hit 1425 on the S&P 500 where there is resistance, and then head lower with perhaps a 1385 low before then rallying 5-10% … Continue reading
D&D Note (8-9-2012) Today marks the 5 year anniversary of the start of the global financial crisis that led to the collapse of Lehman Brothers. Today also marks the S&P 500’s longest rally since March of this year. The recent 5 day rally has lifted the index up nearly 10% since hitting a five-month low … Continue reading
D&D Note (8-7-2012) The stock market rally continued today after stronger jobs number on Friday and hopes that the ECB will buy Spanish and Italian government debt. Boston FED President Eric Rosengren called for “more substantive action than we’ve taken to date.” Meaning a more open-ended monetary policy of bond purchasing – or commonly known … Continue reading