Good morning. Happy Thursday.
Our 1-time, Groupon-like special offer is here.
The Asian/Pacific markets closed mostly down. New Zealand gained 1%; China, Hong Kong, India and Indonesia dropped more than 1%. Europe is currently mostly down. Greece is up almost 8%; Belgium is down 2.3%, Germany, Stockholm, Switzerland and London around 1%. Futures here in the States point towards a flat open for the cash market.
The dollar is up slightly. Oil is flat, coppper is down slightly. Silver is down a little, gold is up a little.
Moody’s cut Spain’s government bond rating. 10-year Spanish bond yields hit 7%.
Italy bond yields are also climbing.
The unemployment rate in Greece has jumped to 22.6% (from 20.7%).
Nokia is cutting 10,000 jobs (in addition to the 14,000 it already announced last year).
Tomorrow is options expiration.
But the big news will come Sunday when Greece holds their elections. The results could start the process of Greece leaving the euro zone.
The last 6 days have been: up, down, up, down, up, down. Backing up, the market is unchanged over the last four weeks. It’s as if the US is in a holding pattern waiting for Europe to right itself.
There’s lots of event risk out there. We could get a big gap up or gap down Monday. Personaly it’s not my style to have huge exposure ahead of such a big event. You can’t be entirely out of the market whenever news is pending because news is always out there, but you can scale back and wait til the dust settles big announcement are advertized ahead of time. There’s always another day and another trade. Keep that in mind. More after the open.
headlines at Yahoo Finance
headlines at MarketWatch
today’s upgrades/downgrades
this week’s Earnings
this week’s Economic Numbers
0 thoughts on “Before the Open (Jun 14)”
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you get your 10 cents Aaron?
Russ, yes and holding.
As you know I’m long JASO. My first sell point is $1.35.
do you know ray very well?
No, I don’t know anyone named Ray.
Don’t let the SPY get close to 126. I sold a truck load of SPY 126 puts in the last few weeks.
My $RUT calls and puts all seem safe.
My $MNX calls and puts all seem safe.
Lets hope today closes near where we are and the same tomorrow.
if sunday is spun positive by the media, we’re looking eoq eoh 401k presidential reelection
statements right in the face. this market could explode.
natty futures up 10% today. coal looks more interesting
I swapped amat and aa when the divergence was 40%. it’s now 15. I just made 25%
bought aci 5.65 this morning, sold it for 3% gain in 1 1/2 hrs
how bout you Rich? you know ray very well? he was posting trades a ton a minute 2 months ago when I first came on board
What’s the question?
Comments
2 Responses to “Economic Numbers (Jun 11-15)”
ray says:
June 12, 2012 at 10:28 am
Have IRA accounts. Really need a good market timing service. Individual stock recommendations are useless to me.
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