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30Jun2016 Market Close: US Markets Close Higher, DOW Up Triple Digits, SP 500 Can't Make The 2100 Level, Indicators Remain Bullish

Written by Gary

US markets closed with a burst of green during the last minute of today's session. The DOW closed up 235 points, SPY closed up +1.4% and WTI closed down in the low 48's continuing a session downtrend. Short-term indicators remain the same as yesterday, mildly bullish, but the SP500 closed below 2100, the all-important level to continue this rally.

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30Jun2016 Pre-Market Commentary: US Futures Are Gearing Up For A Third Day Of Gains, Investors Watching 2100 SP 500 Level For Possible Market Reversal

Written by Gary

Wall Street futures pointed to a third day of gains this morning, the last day of trading for the second quarter, as Brent fell towards $50 a bbl. SPY has moved this morning from +0.1% to +0.2% Initial U.S. jobless claims rose by 10,000 to 268,000 in late June and pace of layoffs nationwide remained extremely low.

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29Jun2016 Market Close: DOW Closes Up 285 Points, Bulls Take Charge After Shocking Brexit, Indicators Are Bullish For Now

Written by Gary

Wall Street closes higher as global stocks and oil prices gain as Brexit nerves settle somewhat. Contracts to buy previously owned U.S. homes fell more than expected in May, crude erases Brexit losses, amid massive U.S. inventory draw closing in the mid 49's. SP 500 did not close above 2100 and needs too if this rally is to continue.

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29Jun2016 Market Update: Wall Street Remains In Rally Mode, WTI Crude Continues To Climb, Watch Out For SP500 Reaching 2100 - Reversal?

Written by Gary

US markets melting higher, volume falling off, WTI crude falls short of $50 as it continues to climb and the USD remains down in the high 95's. U.S. consumer spending rose for a second straight month in May, but there are fears Britain's vote to leave the EU could hurt confidence and prompt households to cut back on consumption.

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29Jun2016 Pre-Market Commentary: US Stock Future Indexes Up Fractionally Continuing Market Rally After Brexit Bombshell, WTI Crude Steady And USD Slipping Sharply

Written by Gary

US stock future indexes are up again this morning and pointing to sharp gains at the open, (SPY +0.7%), WTI Crude in the low 48's and the USD slipping below 96. The initial panic surrounding Britain's vote to leave the European Union has settled somewhat and investors seeking out out bargains. Wall Street is looking to extend what had been the strongest one-day climb in four months.

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28Jun2016 Market Close: DOW Climbs To Plus 269, WTI Crude Closes Higher, USD Sinks Lower, All Eyes On SP 500 2040 Level

Written by Gary

US markets closed higher, sea-sawing from an +1% opening up to where the DOW was up +1.6% and SPY was up +1.8%, recouping some recent losses, as investors sought cheap assets after a two-day equities Brexit rout. Short-term indicators are bullish, but may turn bearish if the Spooze fails to pierce 2040 with gusto.

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28Jun2016 Market Update: US Markets Are Up Near One Percent, But Melting Lower On Falling Volume, Investors Not Convinced Today Is Bargain Day

Written by Gary

US markets remain up (SPY +1.0%, DOW +0.8%), but slowly drifting off the session highs. Hopes of a more coordinated central bank response to support the financial markets and firmer oil prices are helping stocks claw back some of their losses following the Brexit battering. The mostly sideways year for the Dow and S&P is still negative, down 1.6% and 2.1%, respectively. Short-term indicators are bullish, but falling.

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28Jun2016 Pre-Market Commentary: US Futures Up Almost 1%, US Crude Rises To Almost $48, Investors Jump In To Grab Bargains, Short-Term Indicators Remain Bearish

Written by Gary

US stock futures are higher this morning (SPY +0.95%) for the first time in three days and sterling and the euro climbed too. Brent prices topped $48 a barrel today as investors took advantage of a two-day slide in crude triggered by Britain's vote to leave the European Union. It may be to early to pick up bargains, I am sitting on my hands.

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27Jun2016 Market Close: US Markets Down Sharply, DOW Down 261 Points, Crude Settles Higher, Tomorrow May Be A Correction Melt Up

Written by Gary

US Markets closed down (DOW -1.5%, SPY -1.7%), U.S. crude futures slid to near six week lows, European bank shares and sterling were on their biggest two-day slides on record, and U.K. government bond prices surged, pushing yields below 1% for the first time ever. Short-term indicators remain bearish, but at half the level of yesterday's close.

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