Stockshakers Market Close Tuesday 6-30-15

2015 Q2 ends

S&P 500              2,063.11     +5.47       +0.27%
DOW 30             17,619.51    +23.16     +0.13%
NASDAQ            4,986.87      +28.40    +0.57%
Russell 2000     1,253.95      +7.20       +0.58%

 

S&P 500 is up 0.2% for 2015, while the Nasdaq is up 5.3% year-to-date as investors eye the latest headlines on the Greek debt crisis as the country faces a
midnight default deadline.

Stocks rebounded a bit from Monday’s losses to round out the first half of 2015. As you can see, the Dow and S&P are basically flat year-to-date, but the higher beta Nasdaq and Russell 2000 have posted pretty solid results:

Dow Jones: -1.1%
S&P 500: +0.2%
Nasdaq: +5.3%
Russell 2000: +4.1%

There were several market headwinds in the first half of the year. The strong dollar hurt overseas revenues, plunging oil prices crushed the energy sector’s earnings, the Fed moved closer to raising interest rates, and, most recently, Greece debt problems reared its ugly head once again.

Despite all of this, equities were mostly positive through the first two quarters of the year… especially for tech and small caps.
Here is a cool little trade at the end of each quarter like TODAY… on the close …Last 3 minutes or so Sell calls or buy puts on the S&Ps and hold for 1 – 2 minutes and
sell just before the market close  almost always works…set a calendar reminder.
It’s only good for a few handles so stockshakers usually go in with some size
Mar, June, Sept, Dec. it a timing trade.

Stockshakers Market Close Monday 6-29-15

Monday Bloody Monday
S&P 500            2,057.64     -43.84      -2.09%
DOW 30           17,596.35     -350.33   -1.95%
NASDAQ           4,958.47     -122.04   -2.40%
Russell 2000     1,246.75     -33.05     -2.58%

Puerto Rico’s Governor Says Island’s $72 billion in debts Are Not Payable

Puerto Rico’s governor, saying he needs to pull the island out of a “death spiral,” has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably have wide-reaching financial repercussions.The debt is not payable, Padilla said. “There is no other option. I would love to have an easier option. This is not politics, this is math.”It is a startling admission from the governor of an island of 3.6 million people, which has piled on more municipal bond debt per capita than any American state.That market has already been shaken by municipal bankruptcies in Detroit; Stockton, Calif.; and elsewhere, which undercut assumptions that local governments in the United States would always pay back their debt.Puerto Rico’s bonds have a face value roughly eight times that of Detroit’s bonds. Its call for debt relief on such a vast scale could raise borrowing costs for other local governments as investors become more wary of lending.Perhaps more important, much of Puerto Rico’s debt is widely held by individual investors on the United States mainland, in mutual funds or other investment accounts, and they may not be aware of it.Puerto Rico, as a commonwealth, does not have the option of bankruptcy. A default on its debts would most likely leave the island, its creditors and its residents in a legal and financial limbo that, like the debt crisis in Greece, could take years to sort out

“There is no U.S. precedent for anything of this scale or scope,” according to the report, one of whose writers was Anne O. Krueger, a former chief economist at the World Bank and currently a research professor at the School of Advanced International Studies at Johns Hopkins University.In June, Puerto Rico hired Steven W. Rhodes, the retired federal judge who oversaw Detroit’s bankruptcy case, as an adviser. The government is also consulting with a group of bankers from Citigroup who advised Detroit on a $1.5 billion debt exchange with certain creditors.In Washington, the García Padilla administration has been pushing for a bill that would allow the island’s public corporations, like its electrical power authority and water agency, to declare bankruptcy. Of Puerto Rico’s $72 billion in bonds, roughly $25 billion were issued by the public corporations.

 

Stockshakers Market Close Friday 6-26-15

S&P 500              2,101.48     -0.83       -0.04%
DOW 30           17,946.68     +56.32     +0.31%
NASDAQ            5,080.51     -31.68      -0.62%
Russell 2000     1,279.80     -3.51        -0.27%

Stockshakers Market Close Thursday 6-25-15

The Greece fleece

S&P 500             2,102.31      -6.27      -0.30%
DOW 30           17,890.36     -75.71     -0.42%
NASDAQ            5,112.19      -10.22     -0.20%
Russell 2000     1,283.31      -0.61      -0.05%

Too much Greece in the crease

Stockshakers Market Close Wednesday 6-24-15

S&P 500             2,108.58     -15.62      -0.74%
DOW 30           17,966.07     -178.00    -0.98%
NASDAQ             5,122.41     -37.68     -0.73%
Russell 2000     1,283.92     -11.88      -0.92%

Stockshakers Market Close Tuesday 6-23-15

S&P 500             2,124.20     +1.35        +0.06%
DOW 30           18,144.07     +24.29     +0.13%
NASDAQ           5,160.09      +6.12       +0.12%
Russell 2000     1,295.80     +3.41       +0.26%

Stockshakers Market Close Monday 6-22-15

S&P 500             2,122.85     +12.87         +0.61%
DOW 30            18,119.78     +103.83     +0.58%
NASDAQ            5,153.97     +36.97         +0.72%
Russell 2000     1,292.39     +7.73           +0.60%

Stockshakers Market Close Friday 6-19-15

S&P 500       2,109.98      -11.26     -0.53%
DOW 30      18,015.95      -99.89   -0.55%
NASDAQ       5,117.00      -15.95     -0.31%
Russell 2000 1,284.66     -0.02         unch

Stockshakers Market Close Thursday 6-18-15

S&P 500              2,121.24     +20.80     +0.99%
DOW 30            18,115.84     +180.10    +1.00%
NASDAQ             5,132.95     +68.07     +1.34%
Russell 2000     1,284.68     +16.35      +1.29%

the NASDAQ Composite & Russell 2000 Futures Closed at New all time highs.

Fridays Stock market Outlook

Stockshakers:
Bullish: Soybeans, Corn, Yen, Gold Miners, Silver, SPX, SPY, EWZ HOG BMRN BRK/B CCE ALL EQR AFL CERN CNI FDO ACE DCT AIV DYAX CB DEPO HAR AVB HTA AMC EQY BWX FMX AVA ILF ICF CST BIL ARE HUBS FRT FXG ESS ATO ABY BWLD CVI FRPT EBIX CHSP ALGT INDY EDE CTCT ALE IWP HTWR BIP CNA  DATA GOOGL  IYR PG XLP JNJ KR TRIP VNQ SO  SYMC JMEI FFIV EA AMZN MNST BLK AAPL IBM CELG JPM GS MC MS

Bearish: US Dollar Wheat Natural Gas bonds