Monthly Archives: August 2008

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 →

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 →

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 →

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 →

SHORT TERM: market gaps down and then rallies, DOW +83 Overnight the Asian markets were mixed, Europe opened higher and closed +0.60%. At 8:30 the July CPI was reported +0.8%, pushing the year over year rate to +5.6%. The highest … Continue reading →

SHORT TERM: market lower as financials continue to slide, DOW -110 Overnight the Asian markets were all lower, Europe opened lower and closed -2.00%. US index futures were quiet overnight, and at 8:30 the Commerce Dept. reported July retail sales … Continue reading →

SHORT TERM: market follows financials lower, DOW -140 Overnight the Asian markets were mostly lower, Europe opened lower and closed -0.25%. US index futures traded flat, and at 8:30 the June trade deficit was reported better than expected: $57B vs $59B. … Continue reading →

SHORT TERM: another wild day in many markets, DOW +48 Overnight the Asian markets were mostly higher, Europe opened higher and closed +0.85%. US index futures were quiet overnight and lacking any new developments the market opened slightly lower hitting … Continue reading →

REVIEW The first week of August came in with a bang. While the FED and ECU decided to leave rates unchanged, the major markets were anything but unchanged. The US equity market was quite volatile ending with the SPX/DOW +3.3%, … Continue reading →

SHORT TERM: USD rallies, Crude drops, market rallies: DOW +303 Overnight the Asian markets were mixed, Europe opened lower but closed +0.25%. US index futures were relatively quiet before the open, and the mornings economic reports were just more of … Continue reading →