Today´s Market August 30, 2130

ndx0830

British Parliament did not authorize Britain´s participation in Syria´s military strike, an attack is still in the cards as the US and France are pushing forward on the attack,  thus pushing lower the sock market. The NDX 100 closed 0.63% lower as the SP-500 and Dow Jones had their worst monthly close since May 2012.  On the economic front as Bloomberg mentions ” consumer confidence dropped in August from a six-year high asinterest rates rose and tensions in the Middle East intensified. The Thomson Reuters/University of Michigan final index of consumer sentiment for this month fell to 82.1, a four-month low, from 85.1 in July”.

Today´s Profit USD 60 (Portfolio Size: USD 25,000)

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Today´s Market August 29, 2013

ndx0829

As no definite date has been set for Syria´s strike market participants relaxed a little and decided to buy stocks and sell oil on the back of better than expected economic news. The NDX 100 closed 0.60%  higher and WTI crude 1.82% lower. Ryan Vlastelica mentioned on Yahoo Finance that U.S. stocks rose on Thursday as data pointed to better-than-expected economic growth while concerns over Syria receded as a potential Western military strike on the country appeared to be delayed for now.

Today´s Profit USD 435 (Portfolio Size: USD 25,000)

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Today´s Market August 28, 2013

The market closed 0.41% positive after yesterday´s sharp drop, even though market participants are nervous as rumors are spreading of a possible military intervention as early as tomorrow. Pending Home Sales Index came in lighter than expected as the sharp increase in interest rates have curbed home demand.  The Oil market had sharp swings as WTI traded above 112 early to finally close at 109.35 . For the moment all eyes are on the possible military intervention but we must be attentive to the debt ceiling scenario and its terrible consequences for the economy.

Today´s Profit USD 335 (Portfolio Size: USD 25,000)

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Today´s Market August 27, 2008

ndx0827

The market simply got pounded today after reports that NATO forces might be close to striking Syria. The NDX 100 closed with a loss of 2.02 %  as an involvement in any military action will hurt our fragile economy thus  halting  what has been an already sluggish economic recovery. The news sent WTI Oil on a rally closing at 108.80 as an additional conflict in the area could further disrupt oil supplies. An increase in Oil prices will act as an extra tax on US consumers at a moment when an increase in consumption is needed in order to bolster employment.

Today´s Profit USD 95 (Portfolio Size: USD 25,000)

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Today´s Market August 26, 2013

NASDAQ-100 (^NDX)

Durable Goods Orders came in far worst than expected and the market staged a rally. We continue in the non-sense trading methodology where bad economic news are followed by gains in the stock market. As Bloomberg mentions, investors speculated whether a report showing durable-goods orders fell in July would delay stimulus cuts. Since stocks rally in the face of bad economic news due to a stimulus cut delay, common sense led us to conclude that QE has artificially created a bubble.  Under normal circumstances stocks should decline after such a horrific economic news announcement…….. At the last 30 minutes of trading the market returned all of the advance to close 0.05% negative as Reuters announced the Treasury will reach its debt limit in mid-October as well as jitters over Syria.

Today´s Profit USD 345 (Portfolio Size: USD 25,000)

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Today´s Market August 23, 2013

NASDAQ-100 (^NDX)

Stocks climbed for a second day in a row.  Once again, markets are reacting positively to bad economic news as evidenced by today´s rally in the midst of a sharp decline in New Home Sales, adding  confusion to QE reduction´ timing. CNBC states that markets still have no greater clarity on when the Federal Reserve may begin to curtail its $85 billion in monthly bond purchases following Friday’s economic data. Sales of new single-family homes fell 13.4 percent to a 394,000 annual rate in July, their lowest level in nine months.  Oil rallied sharply as well due to a major unit shutdown at an eastern Canadian refinery.

Today´s Profit USD 180 (Portfolio Size: USD 25,000)

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Today´s Market August 23, 2013

NASDAQ-100 (^NDX)

The NDX-100 rallied closing 0.99% positive. As mentioned in yahoo finance toay´s session was marred by a historic trading halt of roughly three hours on the Nasdaq stock exchange as a result of technical problems. “The outage led to what was easily the lowest full-session volume of the year, with about 4.23 billion shares traded on the New York Stock Exchange, NYSE MKT and Nasdaq, well below the daily average of 6.3 billion.”  We are suspicious of today´s rally due to the light volume, thus we will be monitoring tomorrow´s action to determine the market direction. WTI Oil closed positive as Israel and Lebanon entered military tensions.

Today´s Profit USD 100 (Portfolio Size: USD 25,000)

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