Monthly Archives: March 2009

SHORT TERM: market rallies from oversold condition, DOW +87 Overnight the Asian markets were mixed. Europe opened higher and closed +3.40%. US index futures were higher overnight, and before the open Case-Shiller reported housing prices -19.0% v -18.5% for the … Continue reading →

SHORT TERM: market selloff starts overnight and continues, DOW -254 Overnight all the Asian markets were lower. Europe opened lower and closed -4.30%. US index futures were substantially lower overnight and the market gapped down at the open to SPX 802. … Continue reading →

REVIEW US markets surged on monday in anticipation of Treasury secretary Geithner’s new bank bailout plan. After the legacy debt plan was announced, and investors had a chance to digest the news, the US market was basically flat for the … Continue reading →

SHORT TERM: choppy action continues as market pulls back, DOW -148 Overnight the Asian markets were mostly higher. Europe opened lower and closed -1.00%. US index futures were lower overnight, and at 8:30 Personal income weakened to -0.2% v +0.2%. … Continue reading →

The USD has already approached a critical juncture in its bull market. The wave pattern from the 1985 all time high still looks bearish. And the pattern from the secondary 2001 high could be counted as long term bearish as … Continue reading →

SHORT TERM: market makes new rally highs in choppy session, DOW +175 Overnight the Asian markets were all higher. Europe opened lower but closed +0.75%. US index futures were higher overnight and at 8:30 the weekly Jobless claims were reported: … Continue reading →

SHORT TERM: rally resumes after roller coaster day, DOW +90 Overnight the Asian markets, which are now all in uptrends, were mixed. Europe opened lower but closed mixed as well. US index futures bounced above and below neutral for most of the night. … Continue reading →

SHORT TERM: market pulls back after yesterday’s gains, DOW -116 Overnight all of the Asian markets were higher. Europe opened higher but closed mixed. After yesterday’s close the FED/Treasury released the following announcement: http://www.federalreserve.gov/newsevents/press/monetary/20090323b.htm. US index futures were lower overnight and just before … Continue reading →

SHORT TERM: market surges on bank bailout plan 4.0, DOW +497 Overnight the Asian markets were all higher on rumors of the US Treasury bailout plan. Europe opened higher and closed +2.75%. US index futures were higher overnight and continued … Continue reading →

REVIEW On wednesday the FED rattled the markets with their announcement of a plan to monetize $1.25 trln in debt. Stocks, Bonds, Crude and Gold soared, while the USD sold off. On thursday and friday the markets stabilized. In the past twelve … Continue reading →