Monthly Archives: April 2009

SHORT TERM: Chrysler declares bankruptcy, DOW -18 Overnight the Asian markets were all higher. Europe opened higher and closed +1.35%. US index futures rallied overnight and remained higher when the economic reports were released at 8:30. Weekly Jobless claims came … Continue reading →

SHORT TERM: market rallies on GDP data then pulls back after FOMC, DOW+169 Overnight the Asian markets were mostly higher. Europe opened higher and closed +2.2%. US index futures were higher overnight and at 8:30 preliminary Q1 GDP was announced at -6.1% … Continue reading →

SHORT TERM: market continues its sideways action and closes lower, DOW -8 Overnight all the Asian markets were lower. Europe opened lower and closed -1.75%. US index futures were sharply lower overnight but moved a bit higher after Case-Shiller reported … Continue reading →

SHORT TERM: market pulls back ahead of FOMC meeting, DOW -51 Overnight the Asian markets were mixed. Europe opened lower but closed +0.35%. US index futures were much lower overnight, then rallied with Europe, but the market still opened lower at … Continue reading →

REVIEW The US equity markets six week winning streak came to an end this week. But the market fought back from the monday/tuesday pullback to end the week only slightly lower. For the week the SPX/DOW were -0.55% and the NDX/NAZ were +1.35%. … Continue reading →

SHORT TERM: market continues to move higher, DOW +119 Overnight the Asian markets were mixed. Europe opened higher and closed +3.2%. US index futures were initially lower overnight but rallied with Europe. At 8:30 Durable goods orders were reported -0.8% … Continue reading →

SHORT TERM: market opens higher, drops, then finishes higher, DOW +70 Overnight the Asian markets were all higher. Europe opened lower and closed -0.75%. US index futures were higher most of the night, then at 8:30 the weekly Jobless claims were … Continue reading →

SHORT TERM: market rallies on FHFA data then drops, DOW -83 Overnight the Asian markets were mostly lower. Europe opened higher and closed +1.55%. US index futures were lower overnight and without any significant news before the open the market … Continue reading →

SHORT TERM: market rebounds from yesterdays selloff, DOW +128 Overnight all the Asian markets were lower. Europe opened lower but closed mixed. US index futures traded a bit higher overnight and then slipped lower with the selling in Europe. Last … Continue reading →

SHORT TERM: diagonal triangle wave pattern results in a lower market, DOW -290 Overnight the Asian markets ended mixed. Europe opened higher but closed -3.3%. US index futures were lower overnight and sold off further with Europe. At the open … Continue reading →