Archive for July 2012

Weekly Update-July 28, 2012

By: Michael Vodicka “That reversal turned into a full-blown raging rally on Thursday and Friday when European Central Bank Chairman Mario Draghi stated that the ECB is fully committed to keeping the Euro zone intact.” Stocks surged higher on Thursday and Friday, lifting the averages to their third consecutive weekly gain. For the week, the…

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Weekly Update-July 21, 2012

By: Michael Vodicka “But even though earnings have center stage for now, Europe is still in play behind the scenes.” Stocks managed to eek out  gain for the week in spite of a tough session on Friday that sent the averages sharply lower into the weekend. For the week, the Dow Jones added .4%, the…

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Weekly Update-July 13, 2012

By: Michael Vodicka “The market continues to be extraordinarily resilient in the face of many challenges.” The market took a decidedly bullish turn this week, breaking a tough 6-day losing streak on some relatively strong earnings and a surprisingly bullish read on consumer sentiment. After Friday’s big rally, the Dow Jones added .4% on the…

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Weekly Update-July 8, 2012

By: Michael Vodicka “If you had a friend who was deeply in debt and simply refused to cut a crippling spending habit, would you continue to lend to them and pile on more debt as some sort of meaningful solution?” After a very strong June, stocks are once again showing signs of weakness. The first…

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S&P 500 Down 3.3% in Q2

By: Michael Vodicka “The market is just flat out totally convinced that these guys will always be there to support the cause if things get bumpy. Because any pull back we’ve seen over the last few years has been a great chance to buy on a dip.” The S&P 500 posted its biggest gain of…

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