SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

Mario Randholm

  • LOGIN
  • Home
    • Team Experience
      • Mario Randholm
  • Blog
  • Resources
    • Partners
      • Thomson Reuters
      • MultiCharts
      • Municipalidad de Miraflores
      • TradingDiary Pro
    • AutoTradingAutoTrading
    • R Option ModelModel
    • Historical Performance
    • Comparison Matrix
  • Memberships
  • FAQ
    • Term of Service
Contact Us
  • Home
  • Blog
  • Market Update
  • Market Update

Market Update

randholm
November 6, 2013 1:24 pm / Published in Market Update, QQQ, SPY, VXX

Market Update

Today we opened with a healthy gap up and continuation to the highs just half a point from the All Time High in the SP500. Later we had a pull back to yesterday’s highs and now we are a the open again on the SP500.

We still don’t find a reason why higher prices should follow in the future.

We can find similar state in the Nasdaq however we found to have a bit more volatility there.

The VXX is trading at the lows and we are not seeing big changes today.

Stocks Mixed on Economic Data! U.S. equities tipped over and fell back down to session lows after the sourced “ECB steady” story circulated and boosted the euro to highs. U.S. leading indicators rose 0.7% in September to 97.1, from a revised 96.4 in August (was 96.6). This is the highest since April 2008. The data are a little better than expected. U.S. MBA mortgage market index sank 7.0% in data released earlier, alongside a 5.2% drop in the purchase index and a 7.9% dive in the refinance index for the week ended Nov-1. U.S. Challenger reported announced layoffs rose 5.4k in October to 45.7k, a 13.5% increase (data are not seasonally adjusted). But compared to last year, announced cuts are down 4.2% y/y following gains of 19.2% y/y in September and 56.5% y/y in August. Among the biggest decliners in the Dow are Nike at -1.3%, Boeing -0.5% and Home Depot -0.5%, while on the upside Microsoft +2.6% (on CEO succession short-list), Chevron +1.6% and UnitedHealth +1.1% are outperforming.

Check your inbox or spam folder to confirm your subscription.

Categories

Twitter

Lightning fast alerts:

twitter.com/MarioRandholm

twitter.com/RandBots

Archives

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

ABOUT US

Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.

CONTACT US

Message us

Mario's Linkedin

Past performance is no guarantee of future results.

Disclaimer:

This site is for informational purposes only. Nothing on this site should be considered investment advice or as a solicitation to buy or sell any security.

Please see our full Disclaimer.

TOP
 

Loading Comments...