On Break

11/16/2008

BMB On Break

It’s time again for a little BMB R&R, especially with the market behaving as bizarrely as it’s been. Maybe if we stop watching it start to behave a little better…

Posting will be very light and variable over the course of this week, but we’ll put up an open thread each market day for our readers to comment on the day’s market activity or to post any interesting links they might run across.

Check the space below for whatever the latest might be during this ‘off’ time, and please visit the various sites in the ‘Links’ and ‘Regular Stops’ for up-to-date market news and analysis.

BMB will be back in full swing by next weekend.

Posted: 1:00 pm

12/2/2006

Oil Up, Oil Down

Take your pick. From the AMEX:

New York, November 30, 2006 - The American Stock Exchange (Amex) today announced that it has launched trading in two new exchange traded securities from Claymore Securities, Inc. (Claymore) and MacroMarkets, LLC (MACROS). These exchange traded securities track the upward or downward price movement of the benchmark grade West Texas Intermediate crude oil and comparable light sweet crude oil prices. The two new securities represent MACROS first exchange traded products at the Amex.

The new Claymore MACROshares products are:

Oil Up Tradeable Shares (Amex: UCR)

- Claymore MACROshares Oil Up Tradeable Shares are structured to track the benchmark price movement of West Texas Intermediate crude oil and comparable light sweet crude oil prices.

Oil Down Tradeable Shares (Amex: DCR)

- Claymore MACROshares Oil Down Tradeable Shares are structured to inversely track the benchmark price movement of West Texas Intermediate crude oil and comparable light sweet crude oil prices.

Shouldn’t be too difficult to remember those symbols, should it? UpCRude and DownCRude?

You can find more info on the new MACROshares here.

Posted: 7:21 pm

Weekend Sector Scan

 

The Energy stocks had a big week, and are the strongest along with the Utilities and Materials.

 

 

Technology and Consumer Discretionary stocks have pulled back to their 20-day, but are holding up thus far.

 

 

Industrials and Financials got hit on Monday, are are a little messy at this point.

 

 

Health Care and the Staples look like the areas to avoid for now.

 

 

The numbers after a rough week for the market:

 

Sector Symbol 8 Week % Chg. 4 Week % Chg. 1 Week % Chg. YTD % Chg.
Energy XLE +15.2 +7.3 +5.5 +20.7
Basic Materials XLB +8.6 +4.3 -1.0 +14.7
Utilities XLU +7.3 +3.2 +1.4 +17.0
Consumer Discretionary XLY +4.9 +2.8 -0.8 +15.3
Technology XLK +4.6 +3.1 -1.9 +11.6
Industrials XLI +2.0 +3.0 -1.6 +11.1
Consumer Staples XLP +1.0 +0.2 -0.8 +9.6
Financials XLF +0.9 +1.0 -1.6 +12.0
Health Care XLV -0.1 +0.5 +0.6 +4.8

 

Charts courtesy of StockCharts.com

Posted: 10:22 am