S&P 500 FINANCIALS INDEX
The Alerian MLP Index pulled back 1+ to the 329s, a well deserved rest. The chart below is amazing at a time when markets are just sloshing around. The REIT index fell 3 + to 194. Junk bond funds did little, remaining at lofty levels. The VIX, volatility index, was up ½ to 24½. Treasuries also did little as the yield on the 10-year Treasury bond rose 2 basis points to 2.93%, still in low territory.
Alerian MLP Index --- 2 weeks
Dow Jones REIT Index --- 2 weeks
VIX --- 2 weeks
10-Year Treasury Yld Index --- 2 weeks
The 2 important commodities are pretty much even.
|CLQ10.NYM||...Crude Oil Aug 10||...77.44 || ...0.00 |
|GCN10.CMX||...Gold Jul 10||...1,191.70 ||... 0.20 |
Gold Super Cycle!!
Earnings reports are coming & the biggies below did well. All stocks had big gains with Apple being the stand out:
Coca Cola (KO)_____1.16
Morgan Stanley (MS)_2.30
United Tech (UTX)___0.44
Wells Fargo (WFC)___1.13
Apple --- 1 month
Coca Cola --- 1 month
Morgan Stanley --- 1 month
United Technologies -- 1 month
Wells Fargo --- 1 month
While the earnings reports were generally well received, Yahoo (YHOO) wasn't & fell $1.21, traders are also rereading the qualifications to better understand them. Federal Reserve Chairman Ben Bernanke testifies later with his semi annual assessment of the economy & markets are very nervous.
Dow Jones Industrials --- 2 weeks
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