This was one of the most volatile days I’ve seen, with the indices swinging about 10% in about 3 hours. Mid-day selling pushed the Nasdaq and S&P 500 beneath their October lows. Early on I wondered if sellers had exhausted themselves based on the fact that Intel (INTC) was up on the day. That thesis was looking real shoddy at lunch time but now it seems spot on. That goes along with...
Results 1 - 10 of 10 for "SPRINGS"
Filed under: Major movement, Earnings reports, Top Picks 2007, Valero Energy (VLO), Chasing Value, Oil, Stocks to BuyWhen I suggested In December 2006 that Valero Energy (NYSE: VLO) would be a smashing investment in 2007, I looked great as it rose from around $50 to almost $80 per share. When I stuck with it, recommending it for 2008, I got sandbagged big time as it sank from a 52-week high of ...
Valero Energy Corp. (NYSE: VLO) looks set to surge after the refinery giant posted earnings. The company posted $1.86 EPS from continuing operations, which may have some questionable numbers because some other operations from the Krotz Springs refinery have not been presented as discontinued operations. But on a net basis, the company posted $2.18 EPS. First Call estimates were only $1.54 EPS....
With the VIX (^VIX) currently at 77.13, it may seem like a strange time to talk about fear starting to leave the markets. As I type this the VIX is down 2.00 and the SPX is down about 15. The fact that the VIX and SPX are both moving down this morning is unusual, but not unheard of. What makes the situation even more interesting is that it is happening on a Monday, when the VIX typically ’...
With the VIX currently at 77.13, it may seem like a strange time to talk about fear starting to leave the markets.As I type this the VIX is down 2.00 and the SPX is down about 15. The fact that the VIX and SPX are both moving down this morning is unusual, but not unheard of. What makes the situation even more interesting is that it is happening on a Monday, when the VIX typically 'springs ahead...
I was studying for Saturday's CMT exam, and I decided to take a break to see what the markets were doing. Imagine my surprise when I saw the NQ was down 55 points and the YM (the Dow 30 e-mini) was down 440. Ummm - - the ticker symbol that springs to mind is WTF. I'm glad I sold those 30 NQ contracts earlier @ 1250. As for the Asian markets, they can at least be called consistent.
Quick update: our "quick fix" of the S&P Comstock problem worked (yay, Rob and Mike!) The NQ is on the cusp of a serious breakdown, eliminating the progressive series of higher lows. Hope springs eternal.