Remember Always

God bless the fallen, the innocent civilians killedribbon-black_68 on this day. God bless the families, especially the families of our friends and colleagues that died in the WTC towers. We spoke almost every day, until everything fell silent that morning. No phones ringing, not a soul thinking about the tickets on the trading desk.

Just an eerie silence. A silence we could feel, almost touch. A silence I still hear once in a while. A silence for you, my friends.

You are not forgotten. Godspeed.

Russell Microcap Stock Index

The one-day chart for Thursday, September 11 shows the reversal of losses in Small Cap and Micro Cap stocks which continued and led U.S. stocks higher.

Gains on Wall Street were led by small-cap stocks on Thursday. Trading was choppy, as an unexpected increase in weekly jobless claims and lower commodities prices encouraged investors to remain cautious.

“I think tomorrow will be focused on economic data unless something happens overnight,” Mark Luschini, CIO at Janney Montgomery Scott, said. “In general there’s the sense the market is wandering a bit and struggling to find a connection to it.

Low oil prices helped transports gain and helped stocks turn positive.

Next week, investors will turn their focus to the Federal Reserve meeting and other events.

“The market is in a quiet phase ahead of the Fed next week and the Scotland, UK vote,” Peter Boockvar, Market Analyst at The Lindsey Group. “The market’s just very reactive, not proactive, which makes it hard to trade.”

S&P 500: Best August in 14 Years, Small Caps and Micro Caps Gain

As it usually is for the day before a holiday weekend, trading was light as stocks overall posted modest gains across the board.

Small Cap and Micro Cap indexes posted higher percentage gains with the Russell Micro Cap up 0.84% and the Russell 2000 (Small Cap) up 0.72% for the day.

“The U.S. economy continues to show strength, and deflation in Europe is getting worse, and spreading through the euro zone, as we saw in CPI numbers today, which brings us back to the fact that sooner or later (European Central Bank President Mario) Draghi is going to have to use some sort of quantitative easing. That’s a positive, also for U.S. stocks,” said Cardillo.

“The drug effect of liquidity in the marketplace continues to be the positive factor,” Cardillo added.

SEC and Justice Dept Investigate Firm Over Penny Stocks & Laundering

U.S. regulators are investigatingĀ  Oppenheimer Holdings for money laundering, penny stock sales and failure to supervise a broker that is no longer with the firm.

In March, the SEC and the Justice Dept. charged Vladimir Eydelman with securities fraud. Eydelman had worked for more than a decade at Oppenheimer in New York City, before leaving in 2012.

 

Penny Stock DigiPath Skyrockets; Management Issues Press Release

DigiPath LogoDigiPath, Inc. (OTCBB and OTCQB: DIGP), a digital pathology solution provider that is expanding into the cannabis testing and education markets, announced today there has been no material development in its business and affairs not previously disclosed or, to its knowledge, any other reason to account for the recent unusual market action.

“We have noticed unusual price and volume increases for our securities over the last three trading days,” said Steve Barbee, CEO of DigiPath. “While we appreciate the increased attention DigiPath is receiving from the market, we are unaware of any corporate developments outside of those previously disclosed in our filings with the Securities and Exchange Commission that would explain these increases.”

The stock closed at $0.51 on Friday, July 25 but after opening at $0.55 on Monday, July 28, it traded as high as $6.00 per share and finally closed at $2.50. That day, it traded over 400,000 shares but averages less than 20,000 shares traded daily (previous 3 months).

We have not yet seen any websites or newsletters that have pumped the stock; and seen nothing more than message boards and traders taking advantage.

This again highlights the need to follow only unbiased penny stock picks and penny stock newsletters as most are either paid to pick a stock or own shares and are actually selling when telling you to buy!

Stocks Down on Europe and Argentina Concerns

U.S. stocks were down on Thursday, with investor sentiment down as well. A drop in European inflation and the second default in a dozen years by Argentina furthering concerns.

Euro-zone inflation declined this month, confirming the European Central Bank’s worries that the European economy is not healthy enough to support higher prices.

Domestic data showed weekly jobless claims coming in slightly above expectations, but the four-week moving average still was positive overall.

Cynk, the Penny Stock that was, trades again

The Belize company with a stock price that went from 6 cents a share to over $21, washalted by the SEC. It fell to $2.10 on Friday, its first trading day after a 10-day suspension.

Cynk shares bounced between $1 and $2 a share.

At one time, the market capitalization rose to $6 billion. Technically not a “penny stock” at that time.

 

Stick with real companies, truly unbiased penny stock picks.

TUESDAY – U.S. stocks declined on Tuesday, pulling the Dow under 17,000, as the United States and European Union joined in expanding sanctions against Russia, highlighting a geopolitical crisis that overrode investor enthusiasm for earnings from corporations including Merck & Co.

“Investors are clearly hyper-sensitive right now to things happening in Europe and Russia, and whether it’s worsening or not,” said Dan Greenhaus, chief global strategist at BTIG.

In a statement televised live Tuesday afternoon, President Barack Obama said the United States was expanding on measures announced two weeks ago, targeting Russian energy, defense and financial sectors as Russia has continued to support separatists in the Ukraine, and was still building up forces on its own border with Ukraine.

Obama’s statement followed European Union governments that announced sanctions earlier in the day to reduce Russia’s ability to tap into bank financing and advanced technology.

Stocks Off Lows, But Dow Still Down

U.S. stocks declined on Friday despite positive economic data as weak Amazon earnings and concerns over continued unrest in Ukraine and Gaza weighed on markets.

“The percent of stocks above their 50-day moving averages isn’t a vast majority, so the divergences within it tell you the that markets might want to consolidate a little bit,” said Art Cashin, director of UBS floor operations at the New York Stock Exchange. “So I think certainly for now they want to rest a little.”

Orders for long-lasting U.S. manufactured goods rose more than expected in June, pointing to momentum in the economy at the end of the second quarter. The report did not move markets in pre-market trading.

“The markets are looking a bit tired,” said Peter Cardillo, chief market economist at Rockwell Global Capital. “We’re headed to a very busy week of economic data.”

The Federal Open Market Committee meets next week, and economic data reports include second-quarter GDP and U.S. employment figures.