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Euro backs off at 50 day moving average

By admin, on June 22nd, 2010%

After the COT came out last Friday showing that the Euro had one of it’s greatest short coverings in a week in the history of the contract it made one final stab up yesterday morning.  Then S&P unloaded downgrades on some of the Spanish banks and that was all she wrote.  The Euro went from an . . . → Read More: Euro backs off at 50 day moving average

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Read more on Euro (EUR), S&P 500 (SPX) at Wikinvest
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Morning economic data

By admin, on June 16th, 2010%

Reports released already are putting pressure on the S&P futures.  It amazes me how one day we don’t care and the next day it’s all about the data.  Anyway here is what we have so far:

PPI – was (-.30%) vs (-.20%) expected.  Core PPI was up .20% and versus the expectation of .10% for core.

Housing still bad as . . . → Read More: Morning economic data

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Read more on S&P 500 (SPX) at Wikinvest
Leave a comment   Market Data   , , ,  

Home foreclosures up 7% in July

By admin, on August 13th, 2009%

Home foreclosures rose 7% in July to 360,000 units.  This is the most in the last 12 month period. So much for the housing turn.

As unemployment gets worse these numbers will continue to head higher.  People need jobs to make their . . . → Read More: Home foreclosures up 7% in July

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