Monthly Archives: August 2008

friday update

SHORT TERM: Crude sells off on word of Russian pullback, DOW +198 Overnight the Asian markets were mixed, but Europe opened higher and closed +2.20%. Stocks opened slightly higher then rallied to 1293, the high for the day, by 10:30. … Continue reading

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thursday update

SHORT TERM: Crude oil rallies market closes mixed, DOW +12 Overnight all the Asian markets were lower, and Europe opened lower then closing -0.65%. US index futures were pressured overnight, then at 8:30 the weekly unemployment claims were reported to have improved … Continue reading

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wednesday update

SHORT TERM: market closes higher while FNM/FRE melt down, DOW +69 Overnight the Asian markets were mostly higher, and Europe opened higher while closing +0.75%. Stocks opened slightly higher to 1270, but quickly sold off to the 1261 pivot by 10:00. That … Continue reading

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tuesday update

SHORT TERM: financials lead market lower again, DOW -131 Overnight the Asian markets were mostly lower. Europe opened lower and closed -2.35%. At 8:30 housing starts were reported down 11%, making new lows to 1991 levels. The July PPI was … Continue reading

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monday update

SHORT TERM: financials decline market follows, DOW -181 Overnight the Asian markets were mixed, Europe opened lower and closed -0.15%. The market opened slightly higher, hitting SPX 1300 in the first few minutes. That was the high for the day. A pullback … Continue reading

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weekend update

REVIEW The SPX posted its high for the week on monday at 1313, and then its low on wednesday at 1275. Then remained relatively quiet despite a robust increase in the July CPI +0.8%, (+5.6% annualized) reported thursday, and options … Continue reading

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friday update

SHORT TERM: market opens higher then closes mixed, DOW +44 Overnight the Asian markets were mixed, Europe opened higher but closed mixed as well. With overnight selling in the commodity sector the US index futures moved higher. At 9:15 July industrial … Continue reading

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