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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.


Seeking Alpha

Friday, June 21, 2013

No Rest for the Weary

Fed Bernanke
There’s no rest for the weary today, as stocks have been volatile into the close of the week. At the moment, stocks are modestly higher, but as you can see in the chart below, there’s little stability under our feet. I find the most telling information in the commodity space today, where economically sensitive commodities like oil are lower while gold and silver are higher. I suggest investors see this as the start of a new paradigm for investment through summer. Yes, it’s time to buyback the SPDR Gold Shares (NYSE: GLD) as stocks will continue to sell off. For more in-depth analysis and research visit our investment blog.

Market ETF
June 21
Year-to-Date
SPDR S&P 500 (SPY)
-0.6%
+11.3%
SPDR Dow Jones (DIA)
-0.0%
+13.0%
PowerShares (QQQ)
-0.9%
+8.1%


The NASDAQ is being especially hard hit today because of Oracle’s (Nasdaq: ORCL) decline on earnings. Oracle reported a revenue disappointment.



Economic Events

The Economic and Financial Affairs Council is meeting in Brussels today.

Overseas Markets

EUROPE
10:19 AM ET
ASIA/PACIFIC
CLOSE
EURO STOXX 50
-0.3%
NIKKEI 225
+1.7%
German DAX
-0.5%
Hang Seng
-0.6%
CAC 40
-0.0%
S&P/ASX 200
-0.4%
FTSE 100
+0.1%
Korean KOSPI
-1.5%
Greek ASE
-6.1%
BSE India SENSEX
+0.3%


Commodity Markets (10:16 AM ET)

WTI Crude
-0.9%
Brent Crude
-1.1%
NYMEX Natural Gas
-0.5%
RBOB Gasoline
-1.0%
Gold Spot
+0.7%
Silver Spot
+1.1%
COMEX Copper
+0.4%
CBOT Corn
-0.4%
CBOT Wheat
-0.2%
CBOT Soybeans
-0.4%
ICE Cocoa
-0.2%
ICE Sugar
+0.7%
ICE Orange Juice Conc.
-0.3%
CME Live Cattle
-0.4%


Corporate Events

The corporate wire has the earnings of Carmax (NYSE: KMX) and Darden Restaurants (NYSE: DRI). Softbank (OTC: SFTBY.PK) has its annual meeting scheduled. Former Enron CEO Jeff Skilling might have his prison sentence reduced to 14 years.

Today’s biggest gainers and losers were:

BIGGEST GAINERS
% Gain
BIGGEST LOSERS
% Drop
Oramed (Nasdaq: ORMP)
+30%
Idenix Pharma (Nasdaq: IDIX)
-29%
United States Antimony (Nasdaq: UAMY)
+22%
Companhia Paranaense (NYSE: ELP)
-15%
USMD (Nasdaq: USMD)
+20%
Ebix (Nasdaq: EBIX)
-13%
Spreadtrum (Nasdaq: SPRD)
+19%
Pharmerica (NYSE: PMC)
-11%
Sky-mobi (Nasdaq: MOBI)
+13%
Galectin Therapeutics (Nasdaq: GALTW)
-11%
Oxygen Biotherapeutics (Nasdaq: OXBT)
+12%
Cleantech Solutions (Nasdaq: CLNT)
-11%
Wi-LAN (Nasdaq: WILN)
+11%
National Bank Greece (NYSE: NBG)
-11%
Prima BioMed (Nasdaq: PBMD)
+8%
VS 3X Long Brent (Nasdaq: UOIL)
-8%
Hastings Entertainment (Nasdaq: HAST)
+10%
Companhia de saneamento (NYSE: SBS)
-8%
Clean Diesel Tech (Nasdaq: CDTI)
+10%
American Realty (NYSE: ARL)
-8%


Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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