Friday, July 31, 2015

FRIDAY 7/31/15; EOM (End of Month); CVX; XOM; MOD; STX; TYC; WY; Employment Cost Index; Chicago PMI; Consumer Sentiment

Asian indexes finish the week on an upbeat. The NIKK is up +0.3% to 20585 maintaining the 20.5K level. The SPASX200 is up +0.5% to 5699. The KOSPI gains +0.6% to 2030. For the week, the NIKK is up +0.2%, ASX 200 up +2.4% and KOSPI down -0.7%. For the month, the NIKK gains +1.7%, ASX 200 up +4.4% and KOSPI down -2.1%.

Japan household spending falls 


























[Text is Redacted: Purchase July 2015-07 to Read the Complete Chronology]



































 SSEC plummets -14.3% this month. In the United States, semiconductors should be leading higher but instead the SOX tumbles -5% this month and is smacked from 750 to 636, -15%, in the last two months a mini-crash in chips. Social internet stocks, SOCL, are down -5% this month. YELP is bludgeoned -39% devastating the company. Cybersecurity stocks are mixed as nefarious computer hacking continues around the globe 24/7. FEYE drops -9% in July while PANW is up +6.4%.

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