The trading was a bit quiet today, however the market tanked due to banks. I also think it was partially due to European crisis as well. Recently in Germany a poll was taken and it revealed that more than 50% Germans wish to go back to Deutsche Mark rather than staying with Euro. More and Continue reading →
Posts Tagged With 'Market'
Even the EU leaders admitted they were surprised of the rally
Yesterday I have read an article in The Guardian that even the EU leaders were surprised of the Friday rally: “We were quite surprised that the markets reacted as well as they did on Friday,” EU officials said on Sunday. “We thought they would really tank and there’s still this legal uncertainty hanging over the Continue reading →
Market rallies on utopia
Last night, the European leaders tentatively agreed on national budgets controlled by Brussels. I cannot imagine Greeks, British, Spain, Czech Republic, Slovakia or other European countries with historical animosity towards Germany and each other allowing anyone telling them what they should do with their national budgets. Also, the agreement counts on lowering the deficits of Continue reading →
How are you positioned in this market?
Today the central banks claimed their will to allow unlimited access to dollars for whoever needs them. Don’t be too excited. It will not be you or me who can ask for the new printed money. It will be given to those who spent them recklessly and now need a bailout. How often have we Continue reading →
Italian 10-year bonds reached all year record highs today
The Italian bond rates reached all year new highs since Italy joined Eurozone. Today, it raised to 6.67% and that creates a tremendous pressure to Italian budget to pay their loans. ECB intervention couldn’t help this skyrocketing move. Due to investors’ worries about Italian debt the new rate reached almost 7% and as Reuters says Continue reading →
Market jumps 2% on European phrases and proclamations
I wonder if anybody read what was the outcome of the overnight EU summit. As many experts expected, the EU leaders came out with empty phrases and proclamations and no details. The report of the meeting is just three pages long. Generally, EU talked banks and lenders into writing off 50% of the Greek debt, Continue reading →
SPX up again! Is it a buy opportunity?
Many investors may be celebrating and cheering up the market’s performance these days. The economic data are good looking, Eurozone is close to a debt solution, the market is rising, all is good! Buy, buy, buy… You may be hearing that or something similar today. But is everything really that bright as it looks? Check Continue reading →
Stocks up again on earnings
Last week I didn’t have time for updating my web site. There are only two facts: 1) The market was rising again, this time on earnings 2) I am no longer strongly convinced that the market will go down. That means I will stay aside a bit in regards to trading SPY. We may go Continue reading →
Will the market skyrocket or dive?
We have had an impressive re-bound these days, but is this rally sustainable? The market is already showing a sign of weakness. Today’s trading is forming a shooting star candle (we are not done yet, so by the end of the session all can be different). The volume is rising and we seem to be Continue reading →
Stock market in rollercoaster
Wow, today’s trading was really crazy! I must admit I suffered some big hits today. Well, overall I am still up and making money, but some $500 day loss. Little bit less than that, actually. What’s crazier here is the reason for such irrational move of rallying up in the last 30 minutes of trading. Continue reading →
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