Monthly Archives: January 2010

REVIEW Interesting week. Early in the week the market stabilized on much worse then expected home sales reports. Then started making lower lows after the ‘stay the course’ FOMC statement on wednesday, on thursday, and after the better than expected, … Continue reading →

SHORT TERM: strong Q4 results but market declines, DOW -53 Overnight the Asian markets were mostly lower. Europe opened higher and closed +1.05%. US index futures were at first lower overnight and then turned higher. At around 8:20 the speech from … Continue reading →

SHORT TERM: FOMC statement volatility continues, DOW -116 Overnight all the Asian markets were higher. Europe opened higher but closed -1.60%. US index futures were higher overnight. At 8:30 weekly Jobless claims were reported slightly lower: 470K v 478K, and … Continue reading →

SHORT TERM: FED stays the course, DOW +42 Overnight all of the Asian markets were lower. Europe opened lower and closed -0.80%. US index futures were choppy overnight, and at the open the SPX hit the OEW 1090 pivot. In … Continue reading →

SHORT TERM: market starts lower rallies then, DOW -3 Overnight the Asian markets were mostly lower. Europe opened lower but closed +0.50%. US index futures were lower early overnight, but then started to recover. At 9:00 the Case-Shiller home price … Continue reading →

SHORT TERM: market rebounds, DOW +24 Overnight all the Asian markets were lower. Europe opened lower and closed -1.25%. US index futures were higher overnight and the SPX gapped up to 1099 at the open. It had closed at SPX … Continue reading →

REVIEW What a short trading week! The uptrend made its absolute high near tuesday’s close at SPX 1050. Then in just three days it dropped over 5% to confirm a new downtrend. This was one of the fastest peak price to downtrend … Continue reading →

SHORT TERM: selling continues SPX/DOW in confirmed downtrends, DOW -217 Overnight all the Asian markets were lower. Europe opened lower and closed -0.75%. US index futures were lower overnight, and the market opened slightly lower to SPX 1114. In the first … Continue reading →

SHORT TERM: volatility continues market lower, DOW -219 Overnight the Asian markets were mixed. Europe opened higher, but closed -1.70%. US index futures were choppy overnight, and at 8:30 the weekly Jobless claims jumped: 482K v 442K. The market opened … Continue reading →

SHORT TERM: market reverses yesterday’s rally as USD continues to rally, DOW -122 Overnight the Asian markets were mostly lower. Europe opened lower and closed -1.90%. US index futures were lower overnight as well. At the 8:30 the PPI was … Continue reading →