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Showing posts from June, 2015

June 27, 2015 – Weekend Market Comment

June 27, 2015 – Welcome to my weekend market comment, an analysis tool I use in my own portfolio decisions, published free to the web every weekend before the New York opening bell. For full details read my disclaimer below.

The Blah Blah Blah 
U.S. stocks closed mixed on Friday, posting a loss for the week, as investors digested earnings reports and awaited resolution on the Greece debt talks. The Dow transports eked out a gain of 0.03 percent for the day but closed 2.01 percent lower for the week. The S&P 500 closed down 0.70 points, or 0.03 percent, at 2,101.61, with information technology leading three sectors lower and utilities leading advancers. Telecommunications was the best performer for the week, up 1.16 percent. The Nasdaq closed down 31.68 points, or 0.62 percent, at 5,080.51.

What I Think

The market wants to go higher, but it is summer so volume is low and everyone is waiting to see if Greece will stay in the European Union. The result is we are just in a holding patt…

June 13, 2015 – Weekend Market Comment

June 13, 2015 – Welcome to my weekend market comment, an analysis tool I use in my own portfolio decisions, published free to the web every weekend before the New York opening bell. For full details read my disclaimer below.

The Blah Blah Blah 
U.S. stocks closed lower on Friday, as continued uncertainty over Greece pressured stocks and investors kept an eye on a calmer bond market ahead of next week's Federal Reserve meeting. The major averages ended the week flat. The S&P 500 ended the week up 0.06 percent for the longest streak of sub-1 percent weekly moves since 1993. The Dow eked out gains of 0.28 percent, while the Nasdaq Composite closed 0.34 percent lower for the week. The Dow transports closed 0.4 percent lower, for its fourth negative week out of the last five.

The Dow Jones Industrial Average closed down 140.53 points, or 0.78 percent, at 17,898.84, with Merck leading all blue chips lower. The S&P 500 closed down 14.75 points, or 0.70 percent, at 2,094.11, with …