Monthly Archives: October 2009

REVIEW Despite a surge in Q3 GDP (+3.5%) and generally otherwise neutral economic reports the US stock markets plunged: SPX/DOW -3.3% and the NDX/NAZ -5.0%. This week’s drop was the largest since the week of May 11th in the SPX/DOW, and … Continue reading →

SHORT TERM: OEW 1061 pivot holds and market resumes slide, DOW -250 Overnight the Asian market were mostly higher. Europe opened higher but closed -2.65%. US index futures were slightly lower overnight. At 8:30 Personal income was reported flat: 0.0% … Continue reading →

SHORT TERM: market rebounds on strong Q3 GDP report, DOW +200 Overnight night all the Asian markets were lower. Europe opened lower but closed +1.40%. US index futures were slightly higher overnight. At 8:30 Q3 GDP was reported at +3.5% … Continue reading →

SHORT TERM: SPX/NDX trigger leading downtrend indicators, DOW -119 Overnight the Asian marketx were mostly lower. Europe opened lower and closed -2.40%. US index futures were lower overnight, and at 8:30 Durable goods orders were reported: +1.0% v -2.6%. At the … Continue reading →

SHORT TERM: choppy consolidation day, DOW +14 Overnight all the Asian markets were lower. Europe opened higher but closed mixed. US index futures were flat overnight, and at 9:00 the Case-Shiller housing price report was +1.2% v +1.6%. At the … Continue reading →

SHORT TERM: market reverses morning rally, DOW -104 Overnight the Asian markets were mixed. Europe opened higher but closed -1.35%. US index futures were flat overnight and at the open the SPX ticked up to 1081 and started to rally. … Continue reading →

REVIEW After a good start to the notorious month of October markets worldwide stumbled a bit this week. The SPX/DOW were -0.45%, and the NDX/NAZ were mixed. Asian markets rose 1.0%, Europe finished mixed, as did the Commodity equity markets. … Continue reading →

SHORT TERM: SPX fails to break through the OEW pivot, DOW -109 Overnight all the Asian markets were higher. Europe opened higher but closed mixed. US index futures were higher overnight, and before the open FED chairman Bernanke’s speech was … Continue reading →

SHORT TERM: market rebounds after early selling, DOW +132 Overnight all the Asian markets were lower. Europe opened lower and closed -1.10%. US index futures were lower overnight, and at 8:30 the weekly Jobless claims were reported: 531k v 520k. … Continue reading →

SHORT TERM: uptrend makes new high then market reverses, DOW -92 Overnight the Asian markets were mostly lower. Europe opened higher and closed +0.35%. Last night the FED made the following press release: http://www.federalreserve.gov/newsevents/press/other/20091020a.htm. What’s good for the presidents working … Continue reading →