Daily Investment Interpretations
Monday, June 18, 2012
(Monday Night): The
markets were mixed today, with the Nasdaq and the S&P 500 up and the Dow
down: S&P, Nasdaq see a 3-peat;
U.S. stocks close mixed on Europe woes. The NASDAQ Composite
(0.78%) to end at 2,895.33. The Dow
to close at 12,741.82; the S&P 500
crept up 3.80 points
to settle at 1,344.78. Oil ended the day at 83.08: Oil futures end lower on Spain worries;
gold logged off at 1630: Gold slips; Spain’s woes support safe-haven demand.
The VIX fell 2.79
"Better sentiment on Greece and U.S. housing counter rising fears about Spain."
"Stocks ended mixed on Monday after a day of choppy trading, following the election in Greece which yielded a win for the pro-bailout party. More"
Fed's twisted easing plans "Central bank is likely to extend its Operation Twist program at the end of its two-day meeting Wednesday, Fed experts say."
Euphoria over Greek vote fades
David Marsh: ECB battens down the hatches.
EU is doomed. So buy now
Merkel as Churchill? Not bloody likely
Obama, Merkel talk Europe "U.S. President Barack Obama and German Chancellor Angela Merkel meet on sidelines of the G-20 summit and agree to work together to stabilize the euro zone."
EU will seek ways to spur Greek growth
Darrell Delamaide: Europe still far from finish line
Thomas Kee, Jr., writes: A mechanical strategy for this market
Yields spike in Spain, Italy "Amid rekindled jitters over Spain's banking sector, 10-year yields push well clear of the 7% danger zone, while Italian yields top 6% and push higher."
Dow drops as Spain fears limit Greek relief
IMF report urges Europe action on growth
Keep your eyes on Europe
S&P lifts within view of 50-day average
Eerie comparisons to the crash of 2008
McMillan sees strong buy signals in place
Chasing the reflationary Melt-Up ""
Rex Nutting says that Romney’s budget plan doesn’t add up.
State of the Markets articles include:
Looking Ahead to Tuesday's Market
Now What? "Stocks have flip flopped from green to red and from red to green for six consecutive sessions now, all the while staying in a tight little range between 1330 and 1310 on the S&P 500. And the end result of all the back-and-forth, up-and-down movement is that as of Thursday's close the S&P sits in the same place it was on May 29th. So, "going nowhere fast" may be an appropriate label to spack on this market. (Heck even Apple - AAPL - has done nothing for the last 17 days!) To be sure, this ... Read More »"
NAHB Homebuilder Confidence Index Improves Modestly in June
Greek Voters Support Euro and EU Bailout Plan
Hedge Funds And Those That Only Act Like Them
For real-time updates throughout the trading day, try State of the Markets Twitterfeed.
Market futures are mixed tonight.