Monthly Archives: August 2009

monday update

SHORT TERM: selling in Asia pressures market, DOW -48 Overnight al the Asian markets were lower including a 6.7% drop in China. Europe opened lower and closed -1.0%. Overnight US index futures were lower, and at the open the market … Continue reading

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weekend update

REVIEW For the week nearly every economic report improved. Case-Shiller home prices improved, as did, Consumer sentiment/confidence, Durable goods orders, New home sales and Personal income. Initial Jobless claims eased 10K, the first revision to Q2 GDP remained unchanged, but … Continue reading

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friday update

SHORT TERM: gap up opening sold off, DOW -36 Overnight the Asian markets were mixed. Europe opened higher and closed +0.85%. US index futures were higher overnight, and at 8:30 the change in Personal income was reported at 0.0% v … Continue reading

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thursday update

SHORT TERM: market rallies from slightly oversold levels, DOW +37 Overnight most of the Asian markets were lower. Europe opened lower and closed -0.65%. US index futures were flat overnight, and at 8:30 the first revision of Q2 remained unchanged … Continue reading

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wednesday update

SHORT TERM: market continues to go sideways, DOW +4 Overnight the Asian markets were all higher. Europe opened lower and closed -0.55%. US index futures were lower overnight, and at 8:30 Durable goods orders were reported at +4.9% v -1.3%. … Continue reading

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tuesday update

SHORT TERM: FED chairman Bernanke to be reappointed, DOW +30 Overnight the Asian markets were mostly lower. Europe opened lower but closed +0.55%. US index futures were higher overnight and at 9:00 the FED chairman made the following statement: http://www.federalreserve.gov/newsevents/press/other/20090825a.htm. … Continue reading

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monday update

SHORT TERM: rally fades after early gains, DOW +3 Overnight all the Asian markets were substantially higher. Europe opened higher and closed +0.95%. US index futures were higher as well and the market opened the week at SPX 1029. The move … Continue reading

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