Monthly Archives: February 2010

weekend update

REVIEW US markets end the week in the red, but the month in the black. Lots of FED testimony this week, which were mostly cautiously positive. Economic reports showed some gains in durable goods/Chicago PMI and Q4 GDP was revised a bit … Continue reading

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friday update

SHORT TERM: market continues to edge higher to end month, DOW +4 Overnight most of the Asian markets were higher. Europe opened higher and closed +1.35%. US index futures were relatively flat overnight, and today’s Congressional testimony by FED governor … Continue reading

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thursday update

SHORT TERM: gap down opening retests 1090 pivot again, DOW -53 Overnight most of the Asian markets were lower. Europe opened lower and closed -1.35%. US index futures were lower overnight. At 8:30 Durable goods orders were reportedly higher: +3.0% … Continue reading

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wednesday update

SHORT TERM: market rallies after holding 1090 pivot, DOW +92 Overnight most of the Asian markets were lower. Europe opened higher and closed +0.35%. US index futures were lower overnight, but moved higher into the open as the SPX opened … Continue reading

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tuesday update

SHORT TERM: market retests 1090 pivot on pullback, DOW -101 Overnight the Asian markets were mixed. Europe opened higher but closed -1.10%. US index futures were flat to lower overnight. At 9:00 Case-Shiller reported home prices continued to decline: -0.2% v -0.2%. … Continue reading

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monday update

SHORT TERM: quiet day to start the trading week, DOW -19 Overnight the Asian markets were mostly higher. Europe opened higher but closed -0.35%. US index futures were relatively higher overnight, and the market opened a bit higher to SPX … Continue reading

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weekend update

REVIEW This week the FED increased the discount rate for the first time since Jun 06. This may have been in response to the rising inflationary pressures reported this week, and a message to the banks to increase lending after … Continue reading

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