Monthly Archives: April 2008

wednesday update

SHORT TERM: FED cuts fed funds 25 bps market ends lower, DOW -12 Overnight the Asian markets were mostly lower, with only China’s SSEC displaying a gain. Europe ended the day mixed as well. Stocks gathered some momentum when the … Continue reading

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tuesday update

SHORT TERM: another pre-FOMC trading day, DOW -40 Overnight the Asian markets were all higher, but Europe closed -0.30%. At 9:00 Case-Shiller reported that housing prices continued to decline in all 20 cities monitored for the past six months. And, within … Continue reading

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monday update

SHORT TERM: market makes a new uptrend high then closes mixed, DOW -20 Overnight the Asian markets closed mixed, and Europe closed mixed as well. Despite buying in the US index futures overnight and aided by a little takeover news, the … Continue reading

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weekend update

REVIEW: A week ago the market surged to 1396 on positive earnings reports amidst negative economic news. This week the market traded between 1370 and 1398, as earnings turned mixed amidst positive economic news. This narrowing range with slightly higher … Continue reading

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friday update

SHORT TERM: market shrugs off more negative news and closes mixed, DOW +43 Overnight the Asian markets were mixed, and Europe closed out the week with a 0.90% gain. At the open the SPX rallied to 1396, closed yesterday at 1389. … Continue reading

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thursday update

SHORT TERM: market rallies on positive economic news, DOW +86 Overnight the Asian markets were everywhere, from Australia’s 1% loss to China’s 9% gain. Europe ended mixed as well. At 8:30 the DOL announced that the weekly unemployment claims dropped … Continue reading

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wednesday update

SHORT TERM: market gains but financial woes continue, DOW +43 Overnight the Asian markets were mostly higher, with only India’s BSE posting a loss. Europe came in lower, but closed out the day +0.95%. US index futures traded higher overnight and … Continue reading

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tuesday update

SHORT TERM: market gaps down and heads lower, DOW -105 Overnight the Asian markets were mixed, Europe came in lower and ended -0.60%. US index futures traded lower overnight, and the market gapped down to SPX 1384 at the opening. At … Continue reading

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monday update

SHORT TERM: quiet inside day, market closes mixed, DOW -24 Overnight the Asian markets were all higher following friday’s rally in the US, yet Europe closed -0.40%. US stock index futures were generally higher overnight, but eased back as the … Continue reading

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weekend update

REVIEW: Despite negative economic news, confirmation by the FED of a weakening economy and a troubled financial sector, stocks soared. The catalyst, earnings in the tech sector, and better than expected earnings, after serious downgrades, in the financial sector. For … Continue reading

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