will be happening in this market, especially with job growth and what s been going on with the economy. - absolutely. it s almost, i think, kind of a summer non- trend here. i think it will be somewhat range-bound over the summer, big range, no change, i call it. that 1650 level to the upside in the s&p i think will kind of be a ceiling, tough to get through there. conversely, that 1550 level that we hit a couple weeks ago to the downside, there probably will be some good support around there, buffered by the fed coming in and still doing their monthly p.o.m.o. to support stocks. but valuations getting a little bit stretched if we head higher, so i look for kind of a trader s market, where you want to be selling rallies, buying dips. - what are you seeing as far as hedging, and is there a real need to hedge in this current market? - it s always good to hedge, and a good way to hedge indirectly is when we do have a rally, take a little bit off the table, take some profits on
keene, president keeneonthemarket.com, who is standing by this morning. good morning to you, andrew. - good morning, angie. - we are watching the summer trade today. what do you anticipate will be some of the big market movers here? - i think the stock market is going to continue to move higher. as we can see, we will get pullbacks at some points, but i think the pullbacks will get bought. one sector i am looking at in particular, the airline stocks: lcc, luv, they all look strong to the upside, and also ual. i think they are going to continue to move higher. - airline stocks tend to move with the economy, and when the economy is down, they fall; when it s better, they rise. is that one of your reasonings here? - yeah, it s like the more the stock market goes higher, everybody is always vested in the stock market. 401k, ira - if you have more money in the bank, you are going to want to travel more. leisure and travel means that airline stocks go higher. - what about tech stoc
is up 31, the s&p rose by 9, gold jumped $29 and oil gained $1.46 on decent manufacturing data in the u.s. and unrest in egypt. zynga zipped higher during the regular trading session and after the close. the social media gaming company confirmed after the bell founder mark pincus is stepping down, and don mattrick, who ran microsoft s xbox business, is stepping in to up zynga s game. hyatt hotel workers have a deal. it ends a worldwide boycott and a contract dispute that has lasted for years over wages. and the first bitcoin atm in europe will be open for online transactions today. bitcoins are viewed as a way to reduce dependence on paper money. lincoln ellis of strategic financial group gets the ball rolling for us on this tuesday morning. good morning, lincoln. - good morning. - stocks are off to a better start this week. what do you expect for stocks, and for bonds as well? - well, it ll be an interesting week this week. obviously we saw a bit of strength on monday on mut
market that could mean a break out or breakdown. the dow & s&p bounced after two sessions of heavy selling, but the blue chips remain under 15,000 and the s&p 500 below 1,600. the nasdaq was held down by oracle, which lost 3 dollars following an earnings miss. oracle and microsoft are revealing details of a new partnership today. oracle ceo larry ellison promises a startling series of announcements. relief at the gas pump is coming to the midwest. repairs and maintanance to refineries owned by bp and exxon will have gasoline flowing again. and reports surfaced friday paula deen s career at the food network is cooked. reports say her contract will not be renewed following racial slurs. phillip streible of rjo futures joins us on this monday morning to take a look at the week ahead. good morning to you. - good morning to you. - is the summer sell-off here, phillip? - if you look at the equities, we saw a 530-point drop in the dow last week. we saw the s&p breaks some key moving
reported earnings after the close that topped wall street s expectations but also said ceo christine day is stepping down in the wake of the see-thru yoga pants ordeal. shares of booz allen hamlton dropped yesterday on word its employee edward snowden leaked the information about the government s survielence prgoram. snowden worked at the government contractor for 3 months. flight delays and disruptions are expected the next 3 days in europe as union workers strike against a european commission request that airlines drop a number of flights. let s get a check now on the bond market with doug rothschild. he s with performance trust. always good to have you on the show, doug. and the s&p rating call yesterday with the rating of the u.s. debt being put at stable, does that change anything in the bond market? - we re not sure it does change anything. there s still certainly volatility that has been introduced a lot more. keep in mind the reason that the s&p downgraded the u.s.