Today´s Market August 19, 2013


The NDX-100 rallied 30 plus points soon after the opening only to retrace the advance and close 0.14% negative. Stocks experienced  their first 4  day consecutive loss this year, while Treasury yields hit a two-year high as traders worried over the Federal Reserve asset purchase reduction. CNBC posted Art Cashin saying: “alarm bells” will go off for stocks if the yield on the 10-year Treasury note hits 2.9 percent. Cashin, UBS’ director of floor operations at the NYSE, also told CNBC’s Bob Pisani at midday that rising interest rates are already causing some problems for stocks in emerging markets like Thailand, India and Indonesia. Currently US 10 year note is trading at 2.883% !!!

Today´s Profit USD 742 (Portfolio Size: USD 25,000)

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