Current market conditions – The Dow Jones (DIA, quote) trading up by 0.22% to 13184.08, S&P 500 (SPY, quote) is trading lower by 0.17% to 1420.47 and the NASDAQ (QQQ, quote) is trading down by 0.41% to 2990.28.
U.S. markets are coming off a meager up week with the Dow Jones and S&P 500 closes the in the green the last 3 session prior to the weekend. The NASDAQ, however, is having difficulties with its largest component Apple (AAPL, quote) continues to struggle.
The overnight trade is starting the month of December with renewed hopes that December of 2012 will give a Christmas present like the December of 2011. The beans are already +20, meal has gained $5, oil has posted gains of 70 points, corn is pushing 10 higher and wheat is also +10-12.
The overnight markets once again have lost the momentum as it seems the entire market place is watching the same movie. The beans are trading down 10-12, meal is down $3-4, oil has eased by 20 points, corn is down 2-3 and wheat is hovering around unchanged.
Welcome to Friday’s Morning Coffee Break – U.S. equity futures are suggesting lower open on final session of the week, weak Google (GOOG, quote) results dampened investor expectations for the remaining earnings season, especially those names in the tech sector.
Welcome to Monday’s Morning Coffee Break – U.S. markets this week start off behind the eight ball as markets come off their largest weekly losses in 4 months. Market participants find themselves about to embark into the fast lane of earnings season with the S&P 500 at a low point not seen since last month on the September 4. The tech heavy NASDAQ is worse off sitting on a low
We had a subscriber ask about any suggestions where to look for possible currency ETFs action. Interest rates at record rates not only in the U.S. but globally as well. Add into the mix huge amount of monetary easing like QE3 from U.S. Federal Reserve and central banks around the globe like Japan, Australia and England just to mention a few has seem have broken the system.
Welcome to Friday’s Morning Coffee Break – As we begin the final trading session in the week and finish off the first two full weeks of October U.S. stock indexes are on pace for the largest weekly drop in four months. October historically is a down month as markets prepare for the final two months of the year and it appears Mr. Market wants to stay with tradition as the
Welcome to Thursday’s Morning Coffee Break – As we count down the final two sessions of the week U.S. indexes are on pace for the largest weekly drop since week ending on June 1st. Will bulls be able to muster the first daily gain this week for S&P 500 and NASDAQ?
Welcome to Friday’s Morning Coffee Break – As market participants prepare for the final session of week and as traders prepare to close out the first week of the 4th quarter traders find the markets walking a thin line. As of yesterday’s close U.S. markets appear to be on track for their first positive week in 3 weeks. However, as the aforementioned thin line markets could swing to either side
