Monthly Archives: June 2009

SHORT TERM: market slides after economic reports, DOW -82 Overnight the Asian markets were again mixed. Europe opened higher but closed -1.3%. US index futures were relatively flat overnight, and at 9:00 Case-Shiller reported housing prices -0.6% month over month, … Continue reading →

SHORT TERM: morning rally holds, DOW +91 Overnight the Asian markets were mixed. Europe opened higher and closed +1.80%. US index futures were higher overnight but retraced those gains heading into the open. At the open the SPX hit 921 and then pulled back to … Continue reading →

REVIEW Economic reports for the week were generally inline with expectations. Existing homes sales were higher, new home sales lower, and home prices continued to decline. Durable goods orders continued to rise, and the final revision to Q1 GDP was … Continue reading →

SHORT TERM: quiet day with tight trading range, DOW -34 Overnight the Asian markets were all higher. Europe opened higher but closed -0.4%. US index futures were lower overnight, and at 8:30 Personal income was reported higher +1.4% v +0.4%, … Continue reading →

SHORT TERM: market surges after USD declines, DOW +173 Overnight the Asian markets were mostly higher. Europe opened lower and closed -0.70%. US index futures were higher overnight but pulled back when the weekly jobless claims were reported at 627K v … Continue reading →

SHORT TERM: market ends mixed after a volatile day, DOW -23 Overnight the Asian markets were all higher. Europe opened higher and closed +1.95%. US index futures were higher overnight and spiked higher after Durable goods orders were reported +1.8% … Continue reading →

SHORT TERM: market stabilizes on USD weakness, DOW -16 Overnight the Asian markets were all lower. Europe opened lower but closed mixed. US index futures were higher overnight and the market opened a few points higher at SPX 895. Within … Continue reading →

SHORT TERM: selling resumes as market declines, DOW -201 Overnight the Asian markets were mostly higher. Europe opened lower and closed -2.8%. US index futures were lower overnight and continued lower heading into the open. When trading started the SPX … Continue reading →

REVIEW This week economic reports remained mixed. Housing starts rose but the home builders index declined. The PPI and CPI both remained positive and edged 0.1% higher. The Empire manufacturing index dropped, but the Philly FED rose. Industrial production continued to … Continue reading →

SHORT TERM: market closes mixed after early gains, DOW -16 Overnight the Asian markets were all higher. Europe opened higher and closed +0.80%. US index futures were higher overnight and the SPX gapped up slightly to 923 at the open. It … Continue reading →