Although the Hang Seng managed to climb to green today it stayed at a loss of 1.3% for the week
marking a third straight weekly loss for the index.

The FTSEurofirst 300 is currently down .4% due to words from the Belgian deputy prime minister,
proving anyone of note can say anything ambiguous about Greece and it will negatively affect the
market.

Commodities futures are looking good this morning with crude, gold and silver all up and natural gas in
the red.

Some stocks to watch this morning are BAC and LEH after BAC and Barclays agreed to sell the remaining
shares of Archstone to LEH and equity residential.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market.
Comments can be directed to ryghcw19@uww.edu

Unprofitable:  I lose money on this trade if PAY closes above $48.30 June 15, 2012.  The most I can lose on this trade is the amount I paid can be worth $1 minus the price I sold it for, $.30 for a total of $.70.  

Reason I Like This Trade:  PAY has sold off 3 times on earnings and the stock looks very weak and has all its moving averages higher.  I think if it does rally then it will get selling pressure.

UPDATE 5.29.2012  This Spread is currently worth $.05, but no trade is a winner until it is closed.  I will leave this trade on as there is little hope for PAY to rally to $48 in 13 trading days.

UPDATE 5.31.2012  Another winner, but leaving it on until it goes to zero. 

While analysts expected earnings to total 69 cents a share, Tiffany’s reported a company profit of onl $81.5 million, or 64 cents a share. Additionally, compared to last years earnings of $81.1, or 63 cents per share, Tiffany’s slow growth highlights the lack of spending on price sensitive goods. Moreover, Tiffany’s reported that their revenue increased by 8% to $817 million. However, sales fell below analysts estimates at $819.2 million. Finally, Tiffany’s lowered their 2012 EPS to $3.70 to $3.80, well below analyst expectations of $3.97. Previously, the company forecast earnings per share of $3.95 to $4.05.

However, Pandora is up $1.48, almost 15%, due to larger than expected sales growth. Finally, Oil has increased slighty above the $90 mark and gold is up $20, a change of 1.3%. Looking forward to tomorrow, the consumer sentiment index is released tomorrow morning at 8:55 CST. For more updates, follow Andrew on twitter at @keeneonmarket or like us on facebook at https://www.facebook.com/KeeneOnTheMkt

The Hang Seng closed down over .6% and the Shanghai composite lost a quarter of a percent, driven down by poor results from a private survey on the Chinese industry.

The FTSEurofirst 300 is rebounding, up over 1%, with investors picking up bargain stocks after yesterday’s drop of 2.2%.

The Euro hit a 2 year low today after Germany released economic data suggesting no European country is safe from crisis.

The day has a positive outlook for commodities with crude and gold both up, while silver and natural gas are down slightly.

Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu

– Soybeans are making new low

– Market Burned the bears into the close. Nice Doji Dragonfly today hightens probability of ralling from here.

– Greece is a train wreak

– Metals are still under pressure

– US King Dollar is Stream Rolling Higher

– Bongs are are record low yields and the German 2 yr hit 0.0% today. ZERO RETURN FOR 2 Years.

– Crude still sliding

– HPQ raging in the after hours

– Dell got Crushed