Are they finally here? A real bottom and ensuing rebound in the real estate market? Time will tell, but the recent housing data has at least been improving. Add to that, William Dudley, president of the New York Federal Reserve Bank, said today that proper monetary policy that complements other efforts by the government could help the housing within a year or two.
This afternoon, the SPDR S&P 500 Index ETF (NYSE:SPY) traded as low as $110.16 a share. The August 9, 2011 low was at $110.27 a share. Often stocks will go back and test a level where the stock once traded, therefore, it is not surprising to see that August low get tested today. The declines in the market come as the financial stocks decline sharply lower.
Weekly Wrap-Up - 72 Trades, 17 Are Down - Would You Like to See the Rest?
It has been a very interesting week as we recovered off of Friday’s option expiration day catastrophe with Goldman’s SEC news and, of course, the on again - off again - on again news coming out of Greece. We finished this week more than 50 points over that Thursday’s close so yay bulls and all that.
PSW Weekly Wrap-Up - 46 Trade Ideas, 2 Plays That Can Make You 566%
In a week where I had already been calling GS "Goldman-Madoff" and I had predicted on Wednesday that the rally would last "until they start arresting people" and we featured the above video on Thursday afternoon to illustrate what a crooked scam the financial marketplace had become that it finally hit the fan on Friday morning when even the WSJ could no longer ignore the evidence that myself and a
Weekly Wrap-Up, It's Only a 55-Point Drop You Wimps!
That’s right, I said WIMPS!
I have never heard so much whining and crying and complaining about a market drop as I have the past few weeks. Last week, I pointed out that we had only fallen 105 points from the prior week (10,172 to 10,067) and this week we fell ALL THE WAY to 10,012 to finish the week and you would think the world was ending (again) from the way the MSM has been acting.
76% of 68 Trade Ideas This Week Were Winners - Many Still Active!
Read the weekly reviews of Philstockworld Member picks rarely available to the public!
An in-depth review of the week's trading and the news that made it happen along with links to more analysis as well as a detailed discussion of how we take advantage of day-trading index options during expiration week - something we are able to do every month of the year!
After reading a lot of blog posts, tweets on twitter, Facebook comments, and emails, I decided it was time to figure out the real decay behind the leveraged ETF's, both long and short. As I wrote about this in one of my previous blog posts, I wanted to revisit this issue of the double and triple leveraged ETF's, and why investor's should stay away from them, and to clear up some confusion.