Nicholas Vardy
Teetering on the Abyss
It was another tough week as markets closed lower five days in a row. After a terrifying August drop, followed by a September of continued bouncing off a major support level of 1,120, the S&P 500 Index is now teetering on the abyss. The market experienced another serious technical breakdown Monday as the S&P […]
Holding On Tight… and Hedged
All three major U.S. equity indices are coming off of their worst quarterly performances since the financial crisis kicked off in late 2008. For the week, the stock market was mixed. The Dow rose 1.3%, and the Nasdaq dropped 2.7%, while the S&P 500 eased 0.4%. All closed near the week’s lows. It has […]
The “Twist” Makes the Markets Shout
The roller-coaster ride continued last week as the S&P 500 Index bounced off of the 1,120 level yet again. In the end, the S&P 500 Index dropped 2.66% and the MSCI Emerging Markets Index fell 4.15%. That made it the worst week that the S&P 500 has experienced since the global meltdown three years ago. […]
Hedging Your Bets
Wow, what a lousy week. The Dow lost 6.4%. That’s its worst week since October 10, 2008. The S&P 500 dropped 6.5% and the Nasdaq fell 5.3%. You were stopped out of both of your precious metals positions ProShares Ultra Silver (AGQ) and ProShares Ultra Gold (UGL), as the bottom dropped out of both […]
The Market Rolls along…
The S&P 500 Index continued its rolling pattern as it recovered over 2% this past week. U.S. markets rose five straight days before pulling back on Monday and ending flat on Tuesday. Global markets were less robust with the MSCI Emerging Market Index (EEM) ending the week down 2.38%. Your position in Market Vectors […]
The Big Picture
This remains a very volatile and mood-driven market. The good news is that the early August lows have held up after being tested two weeks ago. That suggests that despite the current choppiness, the market has steadied, and is readying for its traditional strong finish to the year. Short term, with the U.S. market up […]