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Showing posts from September, 2015

September 26, 2015 – Weekend Market Comment

September 26, 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 (link at the bottom of this page).


The Blah Blah Blah (courtesy of CNBC)
U.S. stocks closed mixed Friday, pressured by a plunge in biotechs, as investors digested Nike earnings and Fed Chair Janet Yellen's remarks.

The Nasdaq composite closed down 1 percent after falling more than 1.5 percent in afternoon trade, pressured by decline of nearly 5 percent in the iShares Nasdaq Biotechnology ETF (IBB). IBB had its worst day since April 2014, falling in record trade volume to below its closing low from the Aug. 24 "flash crash." The index closed in bear market territory, or more than 20 percent below its 52-week high. Forty-five percent of the Nasdaq 100 also closed in bear market territory.

The Dow Jones Industrial Average closed up 113.35 points, or 0.70…

September 19, 2015 - Weekend Market Comment

September 19, 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 (link at the bottom of this page).
The Blah Blah Blah (courtesy of CNBC)
Dow closes off triple digits as Fed uncertainty weighs. U.S. stocks closed sharply lower Friday as investors weighed concerns over the implications of the Federal Reserve's decision to keep short-term interest rates unchanged. Analysts also noted Friday trading would likely see more volatility due to quadruple witching, the expiration of three related classes of options and futures contracts, as well as individual stock futures options. The Dow Jones industrial average and S&P 500 closed down more than 1.5 percent, mildly negative for the week. The Nasdaq composite was off about 1.4 percent on the day and eked out a 0.1 percent gain for the week. The Dow and Russell 2000 clo…