Commodity prices continued to slip last week, the US dollar gained and stocks ended modestly higher. So far earnings have continued to beat expectations (albeit off a low level) but this is yet to translate into solid gains for the market. Overall, our picks did relatively well last week with healthy profits for BIIB and NSR. Read more »
Chinese shares are lower this morning with the Shanghai Composite Index sinking at least 6% overnight and taking the market back to it’s recent lows. Poor manufacturing data out last week will not have helped and traders will be concerned of volatility spilling over into European and US markets today. With July’s FOMC meeting and GDP numbers to come, there are plenty of potential roadblocks ahead. Read more »
Netflix and Google helped contribute to some big gains in the technology space last week. The Nasdaq had one of it’s best weeks of the year, closing higher by 4%. It’s tempting then, to take some cash off the table since the index is beginning to look extended on a short-term basis. Read more »
The stock picks are back this week, stay tuned for more interesting blog developments coming soon.
News is likely to be dominated by Greece this week after the country failed to come to constructive agreements with international creditors over the weekend. This has moved the country close to default and an exit from the euro. Read more »
Lost some money last week by not following the rules. It happens. The important thing is to carry on. Over the weekend I have been working on some new strategies and fine-tuning existing ones. I have some exciting ideas to share when the time is right. Read more »
Stock markets fell on Wednesday led by consumer services, industrials, and healthcare. The S&P 500 dropped by -0.40% while the Dow Jones Industrial Average fell -0.44% and the Nasdaq declined -0.42%.
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