Monthly Archives: July 2009

SHORT TERM: market ends mixed on Q2 GDP, DOW +17 Overnight all the Asian markets were up for the second day in a row. Europe opened lower and closed -0.50%. US index futures were higher overnight and at 8:30 preliminary results of … Continue reading →

SHORT TERM: market surges after three days of late day buying, DOW +84 Overnight all the Asian markets were higher. Europe opened higher and closed +1.85%. US index futures were higher overnight and at 8:30 the weekly Jobless claims were … Continue reading →

SHORT TERM: SPX late afternoon recovery materializes again, DOW -26 Overnight the Asian markets were mostly lower after a substantial selloff in China’s SEC (-5.0%). Europe opened lower but closed +1.15%. US index futures were lower overnight and at 8:30 Durable … Continue reading →

SHORT TERM: market pulls back early but recovers, DOW -12 Overnight the Asian markets were mixed. Europe opened higher but closed -1.40%. US index futures were lower overnight and at 9:00 Case-Shiller reported the first uptick in housing prices since … Continue reading →

SHORT TERM: market continues its consolidation, DOW +15 Overnight the Asian markets were mostly higher. Europe opened higher and closed +0.30%. US index futures were higher overnight, but pulled back heading into the open. At the open the SPX traded … Continue reading →

REVIEW The market rally slowed down from a week ago, but still a good week. SPX/DOW gained 4.1%, and the NDX/NAZ added 4.7%. Asian markets were +5.0%, European markets gained 4.7%, and the Commodity equity markets were +3.9%. Bonds were flat, … Continue reading →

SHORT TERM: Nasdaq win streak ends, DOW +24 Overnight all the Asian markets were higher. Europe opened lower but closed mixed. US index futures were lower overnight and the market opened lower at SPX 971. The market bounced a few … Continue reading →

SHORT TERM: SPX breaks through 961 pivot, rally continues, DOW +188 Overnight the Asian markets were all higher. Europe opened lower but closed +2.00%. US index futures were higher overnight and at 8:30 the weekly Jobless claims were reported at … Continue reading →

SHORT TERM: SPX challenges 961 pivot, then market closes lower, DOW -35 Overnight the Asian markets were mixed. Europe opened lower but closed +0.30%. US index futures were lower overnight, and the SPX gapped down to 948 at the open, that was the … Continue reading →

SHORT TERM: markets consolidate after recent gains, DOW +68 After the close yesterday TARP overseer estimates bank bailout could costs $23.7 tln: http://www.marketwatch.com/story/us-financial-rescue-tab-pegged-at-24-trillion?siteid=nbsh. This amazing estimate is equivalent to the annual US GDP ($14.5 tln) plus the total value of all the home … Continue reading →