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

Posted in Uncategorized | 42 Comments

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

Posted in Uncategorized | 13 Comments

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

Posted in Uncategorized | 51 Comments

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

Posted in Uncategorized | 62 Comments

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

Posted in Uncategorized | 77 Comments

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

Posted in Uncategorized | 31 Comments

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

Posted in Uncategorized | 13 Comments

friday update

SHORT TERM: quantity of unsold homes hits 23-year high, market declines, DOW -145 Overnight the Asian markets were mostly lower, with only Japan displaying a small gain. Europe opened lower and closed -1.65%. US index futures started off higher overnight, but lost … Continue reading

Posted in Uncategorized | 1 Comment

thursday update

SHORT TERM: market trades in narrow range, DOW +24 Overnight the Asian markets were mostly lower, and Europe closed mixed. US index futures traded higher overnight and turned flat, when the weekly unemployment claims was reported down 9,000. At 9:00 … Continue reading

Posted in Uncategorized | 43 Comments

wednesday update

SHORT TERM: market stunned by FED’s inflation forecast, DOW -227 Overnight the Asian markets were mostly higher. Europe started the day higher, but ended mixed. US index futures traded higher overnight and the market opened slightly higher at 1416. Then a … Continue reading

Posted in Uncategorized | 24 Comments