Monthly Archives: May 2008

weekend update

REVIEW Stocks rally in short 4-day week rebounding from last weeks selloff. For the week the SPX/DOW were +1.6%, and the NDX/NAZ were +3.5%. Crude helped stocks by dropping 3.7% and Gold followed -3.7%, the CRB was -2.1%, Bonds dropped … Continue reading

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friday update

SHORT TERM: stocks close mixed in quiet trading, DOW -8 Overnight the Asian markets were mostly higher, with only Australia’s ASX posting a loss. Europe opened higher but closed mixed. US index futures opened slightly higher after the government reported core PCE … Continue reading

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thursday update

SHORT TERM: Q1 GDP revised upward to +0.9% market rallies, DOW +52 Overnight the Asian markets were mixed, but Europe closed +0.15%. US index futures traded lower overnight but rallied at 8:30 when Q1 GDP was revised upward from +0.6% … Continue reading

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wednesday update

SHORT TERM: April durable goods orders -0.5%, market rallies late, DOW +48 Overnight the Asian markets were mixed, but Europe closed +0.60%. US index futures edged up before the open after the durable goods report at 8:30, and the market … Continue reading

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tuesday update

SHORT TERM: Crude oil drops – market rallies, DOW +69 Overnight the Asian markets were mostly higher, with only India’s BSE displaying a loss. Europe traded higher most of the day and ended mixed. US index futures traded flat for … Continue reading

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holiday update

SHORT TERM: US market closed Overnight the Asian markets were all lower, but the DAX managed to gain 0.20% while the FTSE was closed. US index futures traded slightly higher, Bonds were off a few ticks, and Crude gained about … Continue reading

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weekend update

REVIEW: After two months of good gains and small pullbacks, the market had its largest weekly decline since February: SPX/DOW -3.7% and the NDX/NAZ -3.5%. Crude (+4.9%) and commodities (CRB +1.1%) made new highs, the Euro rallied 1.1% and Gold gained 2.9%. … Continue reading

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