Monthly Archives: June 2008

monday update

SHORT TERM: market ekes out a gain, DOW +4 Overnight the Asian markets were mostly lower with only Hong kong’s HSI displaying a gain. Europe opened mixed and closed mixed. US index futures were lower overnight but rallied heading into … Continue reading

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weekend update

REVIEW Stocks slumped for the second week in a row, SPX/DOW -3.6% vs. -3.5% last week. The DOW was the first major index to make new bear market lows, now -19% from the October 2007 high. Yet, under the radar, the … Continue reading

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friday update

SHORT TERM: Crude continues higher, stocks continue lower, DOW -107 Overnight the Asian markets were all lower, with China’s SSEC and India’s BSE taking the biggest hits. Europe opened slightly higher, and closed mixed. US index futures traded lower overnight, and … Continue reading

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thursday update

SHORT TERM: DOW breaks through 11,673 at 9:45 taking the market lower, DOW -358 Overnight the Asian markets were mixed, but Europe opened lower and closed -2.50%. US index futures traded lower overnight, then at 6:30 vice chairman Kohn gave … Continue reading

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wednesday update

SHORT TERM: general market rallies as crude declines, DOW +4 Overnight the Asian markets shifted from lower to higher as the night transited. Europe then opened higher, and closed +0.90%. US index futures traded higher overnight and the market opened … Continue reading

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tuesday update

SHORT TERM: downtrend appears to bottom – market rebounds from lows, DOW -35 Overnight the Asian markets were mixed, and Europe opened higher but closed -0.70%. US index futures traded lower overnight, rallied a bit at 9:00 when Case-Shiller reported … Continue reading

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monday update

SHORT TERM: market finishes mixed in directionless day, DOW flat Overnight the Asian markets were all lower, but Europe opened higher and closed +0.50%. US index futures traded higher overnight and the market gapped up a few points at the … Continue reading

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weekly update

REVIEW Out of the ten economic reports last week every one of them was worse than the month before, except the Leading indicators which were flat. PPI inflation hit a new high at 7.2%, manufacturing continued lower, housing starts and … Continue reading

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friday update

SHORT TERM: market gaps down making new downtrend lows, DOW -220 Overnight the Asian markets were mostly lower, with only China’s SSEC gaining. Europe opened higher, but closed -1.80%. US index futures were lower overnight and continued lower into the … Continue reading

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thursday update

SHORT TERM: market rallies after retesting downtrend lows, DOW +34 Overnight the Asian markets were all lower, and Europe closed lower as well -0.50%. US index futures traded lower overnight but moved to mixed when at 8:30 the weekly jobless … Continue reading

Posted in Uncategorized | 68 Comments