This afternoon I wasted about 45 minutes with two different customer service representatives from the U.S. Social Security Administration.
All I inquired was to schedule an appointment for my parents with the local office. I did NOT inquire any information about their personal account. After waiting 15 minutes, the first representative kept insisting I was already collecting SS and couldn't make an appointment. After he finally mentions the direct contact to the local office; called, wait another 15 minutes, and it was talking to another elitest snob. After going through another song and dance about "Are you sure they're not collecting?" (I thought they weren't supposed to give out confidential information); his exact words were "Appointments are only allowed for first time claimers......I'm sorry (smirking) but only the account holder can make an appointment."
This is a nutshell is what's wrong with America. When even the next of kin or direct family member cannot MAKE AN APPOINTMENT to see a representative for a retiree, it shows our government agencies are dysfunctional and should be scrapped.
For those who have jobs with the SSA, while you live in your ivory towers with your two or three hour lunches and medical benefits that none of us private sector laborers can ever purchase or much less afford; we get half hour lunches if we're lucky; and if it weren't for our labor, you spoiled government bureaucrats wouldn't have a job.
Oh, and don't get me started about the local Post Office branch. U.S. Postal workers earn on average about $21 an hour in wages, plus the same medical benefits as an SSA employee. And their snobbish attitude is unreal, "We need to see the nine-digit zip code on your parcel" (Excuse me, nine digits?, you're lucky most people put the correct five-digit zip code).
One establishment I will no longer patronize is the Whole Foods Market on Charleston. The seafood department in the mid to late afternoon on weekdays is run by a arrogant snobbish loser named Memo. (What kind of parents name their son Memo?) Apparently, my money wasn't good enough for him since his demeanor quickly changed from accomodating to the hot caucasian female he was cutting fish for; to, what makes you think you belong in my store, much less my seafood section.
Tuesday, June 19, 2012
Wednesday, May 4, 2011
First Day of Month was down, then 1 1/4% loss in IWM and 3/4% loss in QQQ Tue
YTD Winners have been getting killed the past two days.
AGQ the Silver double long ETF dropped over 20% or 62 points on Mon, and fell another 37.50 or 12.6% to close at 259.
Chinese Internets dropped today, BIDU down 7.67 to 139.80, SINA down 13.50 to 121.50.
Only positives were rare earth metals play in China, MCP up 5.98 to 77.50 , earnings report on May 10.
Afterhours, GMCR rose 9.83 to 76.02 on positive earnings numbers.
AGQ the Silver double long ETF dropped over 20% or 62 points on Mon, and fell another 37.50 or 12.6% to close at 259.
Chinese Internets dropped today, BIDU down 7.67 to 139.80, SINA down 13.50 to 121.50.
Only positives were rare earth metals play in China, MCP up 5.98 to 77.50 , earnings report on May 10.
Afterhours, GMCR rose 9.83 to 76.02 on positive earnings numbers.
Friday, April 29, 2011
Dow, SPX, IWM at new 52 week highs
While the U.S. indexes marched higher, earnings reports from Nasdaq companies were sold off as an unexpectedly lower 1.8% increase in GDP Growth for the 1st Quarter was well below economists estimates.
In yesterday's earnings, software company CTXS rose 7.67 to 85.31 positive guidance.
On the bright news:
CRR rose 21.29 to 162.52 on explosive earnings in the energy sector.
PCLN touched another new high up 10.10 to 549.55.
PSA led the reits up 2.08 to 118.66.
On the negative side:
Despite an 88% increase in profits, BIDU dropped 3.72 to 147.39 after initially rising 5 to 156 in the opening 3 minutes.
Afterhours, Chemicals component EMN was up 7.57 to 110.50.
Retailer DECK was taken to the woodshed down 9.71 to 87.01.
In yesterday's earnings, software company CTXS rose 7.67 to 85.31 positive guidance.
On the bright news:
CRR rose 21.29 to 162.52 on explosive earnings in the energy sector.
PCLN touched another new high up 10.10 to 549.55.
PSA led the reits up 2.08 to 118.66.
On the negative side:
Despite an 88% increase in profits, BIDU dropped 3.72 to 147.39 after initially rising 5 to 156 in the opening 3 minutes.
Afterhours, Chemicals component EMN was up 7.57 to 110.50.
Retailer DECK was taken to the woodshed down 9.71 to 87.01.
Wednesday, April 27, 2011
U.S. avg rise 2/3%, AMZN up 7.9%
Afterhours Tue, AMZN initially spooked traders dropping to 165 but recovering rising throughout the day closing up 14.33 to 196.63.
REITs hitting new 52-week highs with PSA up .98% to 116.58.
FOMC rate announcement at 12:30pm EST followed by statement at 2:15pm EST was non news as the markets grinded slowly higher.
Silver via the double long, AGQ recovered rising 43.31 to 361.75.
REITs hitting new 52-week highs with PSA up .98% to 116.58.
FOMC rate announcement at 12:30pm EST followed by statement at 2:15pm EST was non news as the markets grinded slowly higher.
Silver via the double long, AGQ recovered rising 43.31 to 361.75.
Tuesday, April 26, 2011
U.S. avgs rise 1% nearing 52 week highs, but NFLX, TZOO, and SLV selloff
NFLX extended its declines from after-hours yesterday dropping another 10 points to 229.
AGQ had its first down day in a few weeks down 26.31 to 318.44
TZOO down 14.98 to 86.02. No specific news but maybe the high flyers for the year have pretty much had day ending.
Chemical company NEU reported last Thur up 23 points. After pulling back 4 yesterday, it rose 6.04 today 181.37.
Tomorrow at 2:15pm Eastern Time, another Federal Reserve announcement.
AGQ had its first down day in a few weeks down 26.31 to 318.44
TZOO down 14.98 to 86.02. No specific news but maybe the high flyers for the year have pretty much had day ending.
Chemical company NEU reported last Thur up 23 points. After pulling back 4 yesterday, it rose 6.04 today 181.37.
Tomorrow at 2:15pm Eastern Time, another Federal Reserve announcement.
Chinese Internets lead the way but NFLX disappoints
Monday before the bell, SOHU rose 8.45 to 104.14 on excellent earnings and guidance.
TZOO continued its run from last Thur earnings jump rising another 6.18 to 100.40.
BIDU rose 3.31 to 151.96. Earnings on Wed after the bell.
AAPL rose 2.31 to 353.01.
NFLX reported after the bell on Mon, great earnings, poor guidance dropping 13.82 to 238.40.
U.S. Markets essentially flat.
TZOO continued its run from last Thur earnings jump rising another 6.18 to 100.40.
BIDU rose 3.31 to 151.96. Earnings on Wed after the bell.
AAPL rose 2.31 to 353.01.
NFLX reported after the bell on Mon, great earnings, poor guidance dropping 13.82 to 238.40.
U.S. Markets essentially flat.
Friday, April 22, 2011
A little from running on Tue but AAPL charges higher
As mentioned Tue after the bell, WYNN rose 9 pts or 6.2%.
During Wed, AAPL rose 5 pts to 342 after being up 7 as a little front running seemed to be in play. It was up 6 pts on Tue after hitting its recent low on April 15 of all days. 30 min after the Wed close the stock closed at 353 or up 11 points. In premarket Thur, the stock rose to 360 in the first hour. Opening the regular session at 355 the stock held at 353 before selling off in the final hour to close at 350.70 or 8 pts.
The real winners were TZOO up 19.53 (earnings) to 94.22 after two down days where it dropped 5 points. BIIB after a new Alzheimer's drug went through up 13.63 to 99.70.
Notable 52-week highs were NFLX up 7.79 to 252.22, PCLN up 12.60 to 543.95, and the rise of silver via AGQ up 20.40 to 340.96.
Markets are closed for Good Friday as Easter is on a late Apr 24.
During Wed, AAPL rose 5 pts to 342 after being up 7 as a little front running seemed to be in play. It was up 6 pts on Tue after hitting its recent low on April 15 of all days. 30 min after the Wed close the stock closed at 353 or up 11 points. In premarket Thur, the stock rose to 360 in the first hour. Opening the regular session at 355 the stock held at 353 before selling off in the final hour to close at 350.70 or 8 pts.
The real winners were TZOO up 19.53 (earnings) to 94.22 after two down days where it dropped 5 points. BIIB after a new Alzheimer's drug went through up 13.63 to 99.70.
Notable 52-week highs were NFLX up 7.79 to 252.22, PCLN up 12.60 to 543.95, and the rise of silver via AGQ up 20.40 to 340.96.
Markets are closed for Good Friday as Easter is on a late Apr 24.
Tuesday, April 19, 2011
One month later, its earnings season
Seems Mar 16 was the low as the U.S. averages have relentlessly marched upward fooling me and most non Wall-Street portfolio managers.
Oil stocks recovered touching year highs but has since sold off all those gains since Apr 5.
The U.S. averages rallied all but 3 days from Mar 17 to Apr 5 going from S&P 1250 to 1330 until last week when unofficially GOOG puked last Thur dropping 41 points or 7% on poor guidance.
The best performers during these weeks were Silver rising from 33 to 42, SINA from 108 to 142, and BIDU from 125 to 149.
This afternoon after the close, WYNN appears to have exceeded guidance with the performance of their Macao casinos. IBM may have missed. On tap for Wed after the close, AAPL.
Oil stocks recovered touching year highs but has since sold off all those gains since Apr 5.
The U.S. averages rallied all but 3 days from Mar 17 to Apr 5 going from S&P 1250 to 1330 until last week when unofficially GOOG puked last Thur dropping 41 points or 7% on poor guidance.
The best performers during these weeks were Silver rising from 33 to 42, SINA from 108 to 142, and BIDU from 125 to 149.
This afternoon after the close, WYNN appears to have exceeded guidance with the performance of their Macao casinos. IBM may have missed. On tap for Wed after the close, AAPL.
Wednesday, March 16, 2011
Japan nuclear problem spinning out of control, U.S. Markets down 1-2%
After an opening gap down, U.S. markets recovered to near unchanged in the opening 80 minutes, but when five minutes later, a quick thrust down put us below the morning lows, it was all over. All sectors closed in the red.
DIA down 2.04%, SPY down 1.95%, QQQQ down 1.89%, IWM down 1%.
NYSE Breadth was 22 to 7 negative. 138 issues (mostly short ETFs or bond ETFs) reached new 50-day highs.
Apple dropped 15.42 to 330.01. The Japanese will need money to rebuild their nation and they'll sell everything to acquire Yen. You can bet they'll need at least $500 billion USD given all the infrastructure damage.
Best performing ETF was the DPK (Triple Short Developed Markets), up 5.34 to 47.41. The Ultrashort Japan ETF via the EWV was up 3.09 to 42.36. The Triple Short QQQQ via Proshares (SQQQ) up 2.04 to 30.57.
Couldn't hide in precious metals. SLV down .37 to 33. GLD down .84 to 135.40.
Currency markets, FXY made a new high up 1.46 to 123.71. The USD broke below its 52-week low against all major currencies today.
DIA down 2.04%, SPY down 1.95%, QQQQ down 1.89%, IWM down 1%.
NYSE Breadth was 22 to 7 negative. 138 issues (mostly short ETFs or bond ETFs) reached new 50-day highs.
Apple dropped 15.42 to 330.01. The Japanese will need money to rebuild their nation and they'll sell everything to acquire Yen. You can bet they'll need at least $500 billion USD given all the infrastructure damage.
Best performing ETF was the DPK (Triple Short Developed Markets), up 5.34 to 47.41. The Ultrashort Japan ETF via the EWV was up 3.09 to 42.36. The Triple Short QQQQ via Proshares (SQQQ) up 2.04 to 30.57.
Couldn't hide in precious metals. SLV down .37 to 33. GLD down .84 to 135.40.
Currency markets, FXY made a new high up 1.46 to 123.71. The USD broke below its 52-week low against all major currencies today.
Tuesday, March 15, 2011
U.S. Markets gap down 2.5% at open but steadily ramps up to limit losses
With the world literally watching minute by minute on the potential nuclear meltdown story in Japan, U.S. markets recovered their opening gap losses to finish down 1.2%.
All the major U.S. averages closed below their 50-day moving averages and I sold almost every long position (97%) in friends' retirement accounts and converted into cash (U.S. Dollars). The aggressive accounts have a starter 20% net short position.
NYSE Breadth was 23 to 7 negative. Only 78 issues closed at 50-day highs.
Ironically, the worst sector was precious metals. SLV down 4% to 33.61, GLD down 1.8% to 136.27. In a market with no buyers, there is no safe place to hide except cash.
The best triple short ETF was the Direxion Developing Markets (DPK) up 2.44 to 42.07. Yesterday's EMV initially had a 15% gain at the open but closed only with a 12 cent gain to 39.27. How's that for volatility.
Railroads was the second best sector via RA up .64 to 17.05.
All the major U.S. averages closed below their 50-day moving averages and I sold almost every long position (97%) in friends' retirement accounts and converted into cash (U.S. Dollars). The aggressive accounts have a starter 20% net short position.
NYSE Breadth was 23 to 7 negative. Only 78 issues closed at 50-day highs.
Ironically, the worst sector was precious metals. SLV down 4% to 33.61, GLD down 1.8% to 136.27. In a market with no buyers, there is no safe place to hide except cash.
The best triple short ETF was the Direxion Developing Markets (DPK) up 2.44 to 42.07. Yesterday's EMV initially had a 15% gain at the open but closed only with a 12 cent gain to 39.27. How's that for volatility.
Railroads was the second best sector via RA up .64 to 17.05.
Japan drops 7.5% on Mon, U.S. markets holding their breadth
With the world hoping there's no nuclear meltdown of the power plants in Japan, everyone is essentially watching.
While the U.S. markets steadily dropped for the first 2 1/2 hours, the decline was limited to 1.5% before rallying in the final 3 1/2 hours to cut the losses to .5% on the averages.
NYSE Breadth was 19 down for every 11 up. Only 99 issues closed at 50-day highs.
Obviously the Ultrashort Japan ETF (EWV) was the top performer up 5.11 to 39.15.
Agriculture led by SMG up 1.25 to 57.16.
Warren Buffett reared his ugly head buying out LZ as it moved up 29 pts to 134.68. The move drove the rest of the chemical sector higher as NEU rose 15.39 to 146.
The U.S. averages are holding above the 50-day moving average. Although at this hour, the futures are showing 2% declines for the U.S. markets. Japan is expected to drop more at the open but until we see a close below the 50-day, we've either wisely or stupidly held our longs. I'm worried about prematurely getting shaken out and have the market rocket higher. We can only take it day by day and see what the closing price says.
While the U.S. markets steadily dropped for the first 2 1/2 hours, the decline was limited to 1.5% before rallying in the final 3 1/2 hours to cut the losses to .5% on the averages.
NYSE Breadth was 19 down for every 11 up. Only 99 issues closed at 50-day highs.
Obviously the Ultrashort Japan ETF (EWV) was the top performer up 5.11 to 39.15.
Agriculture led by SMG up 1.25 to 57.16.
Warren Buffett reared his ugly head buying out LZ as it moved up 29 pts to 134.68. The move drove the rest of the chemical sector higher as NEU rose 15.39 to 146.
The U.S. averages are holding above the 50-day moving average. Although at this hour, the futures are showing 2% declines for the U.S. markets. Japan is expected to drop more at the open but until we see a close below the 50-day, we've either wisely or stupidly held our longs. I'm worried about prematurely getting shaken out and have the market rocket higher. We can only take it day by day and see what the closing price says.
Monday, March 14, 2011
Partial snapback bounce, but an 8.9 earthquake in Japan
SPY up .71%, QQQQ up .54%, DIA up .5%, IWM up .41%
Late Thursday night, a magnitude 8.9 earthquake struck Japan as a wave of water literally erased a couple of cities on the northern island. While the U.S. market shrugged off the news then, its now three days later, and we'll have to see if Friday was simply the calm before the storm.
On Fri NYSE Breadth was 18 to 12 in favor of the bulls. Only 77 issues closed at 50-day highs.
Food was led by SJM up 1.18 to 71.40
Late Thursday night, a magnitude 8.9 earthquake struck Japan as a wave of water literally erased a couple of cities on the northern island. While the U.S. market shrugged off the news then, its now three days later, and we'll have to see if Friday was simply the calm before the storm.
On Fri NYSE Breadth was 18 to 12 in favor of the bulls. Only 77 issues closed at 50-day highs.
Food was led by SJM up 1.18 to 71.40
Thursday, March 10, 2011
Longs eat Crow, U.S. markets drop 1.8%
Feels like a buyers strike and that's not good for long holders. IWM down 2.6%.
NYSE Breadth was 26 to 4 negative. Only 64 issues (mostly bond etf's) made 50-day highs.
GMCR was the big winner up 18 to 61.71 on news it will enter a a joint venture with SBUX to sell its products in stores. SBUX rose 3.43 to 39.97.
If this is the start of a correction, the best performing sector has to roll over and die. Well today's 3.64% drop in the XLE (Energy ETF) wasn't what longs ordered.
There was no safe place for longs as every sector finished in the red.
The E-mini S&P Contract is currently one point above the February lows. For the longs to have any chance, they must defend that line by Fri and Mon's close.
NYSE Breadth was 26 to 4 negative. Only 64 issues (mostly bond etf's) made 50-day highs.
GMCR was the big winner up 18 to 61.71 on news it will enter a a joint venture with SBUX to sell its products in stores. SBUX rose 3.43 to 39.97.
If this is the start of a correction, the best performing sector has to roll over and die. Well today's 3.64% drop in the XLE (Energy ETF) wasn't what longs ordered.
There was no safe place for longs as every sector finished in the red.
The E-mini S&P Contract is currently one point above the February lows. For the longs to have any chance, they must defend that line by Fri and Mon's close.
Wednesday, March 9, 2011
Markets do nothing and holding their breadth
IWM down .4%, QQQQ down .39%, SPY down .14%, DIA up .02%.
NYSE Breadth was 16 down for every 14 up. 228 issues made 50-day highs.
Coffee (JO) up 1.61 to 78.21.
Utilities was the top performing sector via the XLU up .33 to 32.82.
HMOs led by AGP up 1.33 to 59.90.
Railroads led by RA up .82 to 16.33.
NYSE Breadth was 16 down for every 14 up. 228 issues made 50-day highs.
Coffee (JO) up 1.61 to 78.21.
Utilities was the top performing sector via the XLU up .33 to 32.82.
HMOs led by AGP up 1.33 to 59.90.
Railroads led by RA up .82 to 16.33.
Tuesday, March 8, 2011
Churning back higher for an inside day
No specific news. Almost as if the last two days didn't mean anything.
IWM up 1.63%, DIA up 1.06%, SPY up .87%, QQQQ up .4%.
NYSE Breadth was 22 up for every 8 down. 238 issues closed at 50-day highs.
Commodities led by Coffee (JO) up 1.58 to 76.60.
Cigarettes led by PM up .61 to 64.25.
Cleaning Products led by CHD up 1.26 to 77.94.
Medical Instruments led by SYK up 1.76 to 65.07, STJ up .94 to 50.25.
Oil led by GLF up .50 to 47. But most Oils and Metals sold off for a second straight day.
Utilities have started to catch a bid, D up .72 to 46.14.
IWM up 1.63%, DIA up 1.06%, SPY up .87%, QQQQ up .4%.
NYSE Breadth was 22 up for every 8 down. 238 issues closed at 50-day highs.
Commodities led by Coffee (JO) up 1.58 to 76.60.
Cigarettes led by PM up .61 to 64.25.
Cleaning Products led by CHD up 1.26 to 77.94.
Medical Instruments led by SYK up 1.76 to 65.07, STJ up .94 to 50.25.
Oil led by GLF up .50 to 47. But most Oils and Metals sold off for a second straight day.
Utilities have started to catch a bid, D up .72 to 46.14.
Opening 30 min bounce evaporates, U.S. markets down
Only a buy program in the final 45 minutes lifted the averages off their lows. Silver reached new 31-year highs but closed well off session highs. Gold and Oil were up but their corresponding stocks were not as most people are sitting in cash awaiting a definitive direction from the market.
IWM down 1.54%, QQQQ down 1.4%, SPY down .83%, DIA down .66%.
NYSE Breadth was 23 down for every 7 up. Only 154 issues made new 50-day highs.
Silver led all sectors via the SLV up .54 to 35.23. Gold was up .39 via the GLD to 139.72.
Coffee via the JO was up 2 to 75.02.
Cocoa via the NIB up .09 to 52.24.
Cigarettes led by PM up .14 to 63.64.
Cleaning Products led by CHD up .30 to 76.68.
Nasdaq Big Cappers taken to the woodshed today: GOOG down 8.96 to 591.66, NFLX down 3.32 to 207.40, AMZN down 2.59 to 169.08, ISRG down 2.45, to 329.59, PCLN down 2.44 to 466.69.
Light Sweet Crude Oil for April delivery was up closing .36 to 104.92 although it was over 106.90 intraday. Most Oil stocks were down, but LUFK up 1.81 to 86.69.
IWM down 1.54%, QQQQ down 1.4%, SPY down .83%, DIA down .66%.
NYSE Breadth was 23 down for every 7 up. Only 154 issues made new 50-day highs.
Silver led all sectors via the SLV up .54 to 35.23. Gold was up .39 via the GLD to 139.72.
Coffee via the JO was up 2 to 75.02.
Cocoa via the NIB up .09 to 52.24.
Cigarettes led by PM up .14 to 63.64.
Cleaning Products led by CHD up .30 to 76.68.
Nasdaq Big Cappers taken to the woodshed today: GOOG down 8.96 to 591.66, NFLX down 3.32 to 207.40, AMZN down 2.59 to 169.08, ISRG down 2.45, to 329.59, PCLN down 2.44 to 466.69.
Light Sweet Crude Oil for April delivery was up closing .36 to 104.92 although it was over 106.90 intraday. Most Oil stocks were down, but LUFK up 1.81 to 86.69.
Sunday, March 6, 2011
Volatility returns, silver is up, oil is up, markets are down
Only place safe is silver, gold, and oil futures at least for one day. Except for a final half-hour buy program, markets should have been worse off. Bernanke is lucky he has an unlimited printing press, at least until the Chinese decide to call his bluff one day and say "no mas" to U.S. Treasuries.
SPY down .74%, DIA down .72%, QQQQ down .5%, IWM down .47%.
NYSE Breadth was 2 to 1 lower. 202 issues closed at 50-day highs.
All about Jim Roger's Commodities:
Silver via the SLV up 1.28 to 34.69 (a new 31-year high).
Gold via the GLD up 1.26 to 139.35.
Oil was led by IMO up 1.15 to 54, DBE up .26 to 30.99, COP up .43 to 79.98.
Gasoline via the UGA up .48 to 49.66.
Nasdaq Big-Cappers led by PCLN up 4.34 to 469.13.
Railroads led by RA up .07 to 15.77.
SPY down .74%, DIA down .72%, QQQQ down .5%, IWM down .47%.
NYSE Breadth was 2 to 1 lower. 202 issues closed at 50-day highs.
All about Jim Roger's Commodities:
Silver via the SLV up 1.28 to 34.69 (a new 31-year high).
Gold via the GLD up 1.26 to 139.35.
Oil was led by IMO up 1.15 to 54, DBE up .26 to 30.99, COP up .43 to 79.98.
Gasoline via the UGA up .48 to 49.66.
Nasdaq Big-Cappers led by PCLN up 4.34 to 469.13.
Railroads led by RA up .07 to 15.77.
Thursday, March 3, 2011
Markets have a way of fooling the weak holders, 1.5% gains on the U.S. avgs
IWM up 2.22%, QQQQ up 1.93%, SPX up 1.72%, DIA up 1.59%
NYSE Breadth was 24 issues up for every 6 down. 450 issues reached new 50-day highs.
Brokerages led by OPY up .74 to 32.84.
Cigarettes led by PM up .75 to 63.67.
Commodities led by Coffee up 2.14 to 73.54, Cocoa up 1.12 to 53.53.
Consumer Products led by CHD up 1.66 to 76.17.
Drugs led by NVO up 3.32 to 127.89.
Industrial Goods led by BWC up .25 to 34.68.
Medical Appliances led by MTD up 4.98 to 175.54, COV up 1.58 to 53.01, STJ up 1 to 49.37, SYK up 1.50 to 64.56.
Nasdaq Big-Cappers led by PCLN up 15.61 to 464.79, AAPL up 7.44 to 359.56.
Oil led by MRO up 1.73 to 52.66, COP up 1.30 to 79.55.
Railroads led by RA up .36 to 15.70.
NYSE Breadth was 24 issues up for every 6 down. 450 issues reached new 50-day highs.
Brokerages led by OPY up .74 to 32.84.
Cigarettes led by PM up .75 to 63.67.
Commodities led by Coffee up 2.14 to 73.54, Cocoa up 1.12 to 53.53.
Consumer Products led by CHD up 1.66 to 76.17.
Drugs led by NVO up 3.32 to 127.89.
Industrial Goods led by BWC up .25 to 34.68.
Medical Appliances led by MTD up 4.98 to 175.54, COV up 1.58 to 53.01, STJ up 1 to 49.37, SYK up 1.50 to 64.56.
Nasdaq Big-Cappers led by PCLN up 15.61 to 464.79, AAPL up 7.44 to 359.56.
Oil led by MRO up 1.73 to 52.66, COP up 1.30 to 79.55.
Railroads led by RA up .36 to 15.70.
Wednesday, March 2, 2011
Not much of a turnaround
U.S. Markets had a good forty minutes before selling off throughout the day. If not for a final half-hour run-up, they wouldn't have finished in the black.
IWM up .47%, QQQQ up .39%, SPY up .16%, DIA up .07%
NYSE Breadth was 19 up for every 11 down. 162 issues made new 50-day highs.
Commodities led by Cocoa (NIB) up .68 to 52.41, GSG up .33 to 37.30.
Gold was led by individual components such as ABX up .11 to 53.88.
Energy in the spotlight as IMO up 1.39 to 53.17, UGA up .50 to 49.32, DBE up .46 to 30.83.
Nasdaq Big Cap led by AAPL up 2.81 to 352.12 as iPad 2 looks like a winner. PCLN up 3.95 to 449.18, AMZN up 2.58 to 172.02.
In pre-market, JOYG missed earnings estimates by 6%, stock dropped almost 3.27. Since earnings plays aren't working now, it means the tone for the short term has changed to avoid until we find some support level for the U.S. averages.
IWM up .47%, QQQQ up .39%, SPY up .16%, DIA up .07%
NYSE Breadth was 19 up for every 11 down. 162 issues made new 50-day highs.
Commodities led by Cocoa (NIB) up .68 to 52.41, GSG up .33 to 37.30.
Gold was led by individual components such as ABX up .11 to 53.88.
Energy in the spotlight as IMO up 1.39 to 53.17, UGA up .50 to 49.32, DBE up .46 to 30.83.
Nasdaq Big Cap led by AAPL up 2.81 to 352.12 as iPad 2 looks like a winner. PCLN up 3.95 to 449.18, AMZN up 2.58 to 172.02.
In pre-market, JOYG missed earnings estimates by 6%, stock dropped almost 3.27. Since earnings plays aren't working now, it means the tone for the short term has changed to avoid until we find some support level for the U.S. averages.
Tuesday, March 1, 2011
Markets flip us the bird, down over 1 1/2% on the avgs
When too many people especially CNBC talk about the first of the month jumper, often times it means the market will do the opposite. The previous six months, the first day of the month saw a positive gain. On the seventh month, they gapped down and closed at the lows.
IWM down 1.99%, QQQQ down 1.61%, SPY down 1.57%, DIA down 1.38%.
NYSE Breadth was 22 down for every 8 up. Only 115 issues closed at 50-day new highs.
Silver via the SLV was the top performing sector up .76 to 33.87. Gold via the GLD was up 2.37 to 140.03.
ETFs related to precious metals AGQ up 8.54 to 194.80, DBS up 1.39 to 60.75, SIVR up .78 to 34.54, GG up 1.54 to 49.35, DBP up 1.81 to 53.34.
& select energy BNO up 2.92 to 77.24, UGA up 1.70 to 48.82, DBE up .73 to 30.69.
Energy was led by MRO up 1.15 to 50.75 but most companies were sold off in the final three hours to match the U.S. averages.
Early in pre-market, AZO reported positive earnings and one of the few stocks up today, up 5.57 to 263.52.
IWM down 1.99%, QQQQ down 1.61%, SPY down 1.57%, DIA down 1.38%.
NYSE Breadth was 22 down for every 8 up. Only 115 issues closed at 50-day new highs.
Silver via the SLV was the top performing sector up .76 to 33.87. Gold via the GLD was up 2.37 to 140.03.
ETFs related to precious metals AGQ up 8.54 to 194.80, DBS up 1.39 to 60.75, SIVR up .78 to 34.54, GG up 1.54 to 49.35, DBP up 1.81 to 53.34.
& select energy BNO up 2.92 to 77.24, UGA up 1.70 to 48.82, DBE up .73 to 30.69.
Energy was led by MRO up 1.15 to 50.75 but most companies were sold off in the final three hours to match the U.S. averages.
Early in pre-market, AZO reported positive earnings and one of the few stocks up today, up 5.57 to 263.52.
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