Monthly Archives: July 2008

thursday update

SHORT TERM: GDP report rattles market, DOW -206 Overnight the Asian markets were mostly higher, Europe opened higher but closed mixed. US index futures were relatively higher overnight, but sold off rapidly before the government released the results for Q2, … Continue reading

Posted in Uncategorized | 97 Comments

wednesday update

SHORT TERM: market rally continues, DOW +186 Overnight the Asian markets were mostly higher, Europe opened higher and closed +1.40%. US index futures were higher overnight, when the SEC reported at 6:30 that the naked short selling ban on Primary’s/GSE’s had been … Continue reading

Posted in Uncategorized | 69 Comments

tuesday update

SHORT TERM: Crude drops market rallies, DOW +266 Overnight all the Asian markets were lower, Europe opened lower but closed +0.45%. US index futures held steady overnight, despite MER announcing after the close they were selling a $30Bn par value … Continue reading

Posted in Uncategorized | 38 Comments

monday update

SHORT TERM: financials drag down market again, DOW -240 Overnight the Asian markets were mostly higher, but Europe opened lower and closed -1.05%. US index futures traded flat overnight and the market opened relatively unchanged. By 10:00 the SPX had … Continue reading

Posted in Uncategorized | 30 Comments

weekend update

REVIEW A relatively quiet week with the market consolidating last weeks gains for the first few days. Then rallying to new rally highs (SPX 1291) on wednesday. Only to pullback in the last two days to end the week -0.2%. … Continue reading

Posted in Uncategorized | 38 Comments

friday update

SHORT TERM: financials remain weak, but market stabilizes, DOW +21 Overnight the Asian markets were all lower, Europe opened lower and finished -0.10%. At 8:30 June durable goods orders were reported +0.8%, the largest increase since February. The market opened … Continue reading

Posted in Uncategorized | 11 Comments

thursday update

SHORT TERM: financials drive the market lower, DOW -283 Overnight the Asian markets were mostly higher, but Europe opened lower and closed -1.50%. US index futures traded flat overnight, and at 8:30 the weekly unemployment report rose to 406K, its … Continue reading

Posted in Uncategorized | 56 Comments

wednesday update

SHORT TERM: market rally continues as Crude slides further, DOW +30 Overnight the Asian markets were mostly higher, and Europe gained 1.5%. US index futures held steady overnight and into the open when the SPX made its low for the … Continue reading

Posted in Uncategorized | 83 Comments

tuesday update

SHORT TERM: market rally resumes, DOW +135 Overnight the Asian markets were mostly higher, and Europe closed mixed. US index futures were lower overnight after disappointing earnings reports after the close yesterday. As a result the SPX gapped down at … Continue reading

Posted in Uncategorized | 71 Comments

monday update

SHORT TERM: market oscillates around the 1261 pivot all day, DOW -29 Overnight the Asian markets were all higher, and Europe closed +0.60%. US index futures were quiet overnight but rallied into the open as Crude sold off from a … Continue reading

Posted in Uncategorized | 65 Comments