Monthly Archives: February 2010

friday update

SHORT TERM: market rises despite FED’s discount rate hike, DOW +9 After the market closed yesterday the FED issued the following press release: http://www.federalreserve.gov/newsevents/press/monetary/20100218a.htm. As a result the FED increased the discount rate by 25 bps today. This is the … Continue reading

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thursday update

SHORT TERM: market rally resumes, DOW +84 Overnight the Asian markets were mostly lower. Europe opened lower but closed +0.75%. Europe is now up 8 of the last 9 days. US index futures were relatively flat overnight. At 8:30 the weekly Jobless claims were … Continue reading

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wednesday update

SHORT TERM: market consolidates after yesterday’s rally, DOW +40 Overnight all the Asian markets were substantially higher. Europe opened higher and closed +0.80%. US index futures were higher overnight. At 8:30 Housing starts were reported higher: 591K v 575K, and … Continue reading

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tuesday update

SHORT TERM: market rallies to start the week, DOW +170 Overnight all the Asian markets were higher. Europe opened higher and closed +1.50%. US index futures were much higher overnight, and at the open this morning the market gapped up. … Continue reading

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holiday update

SHORT TERM: US cash markets closed. Overnight the Asian markets were all lower. Europe markets opened higher and closed +0.35%. US index futures closed lower: (NDX) NQ -5.75, (SPX) -3.5 and (DOW) YM -32. Bonds lost 4 ticks, Crude slipped … Continue reading

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grand super cycle revisited‏

The most common perception about a GSC is the one the RN Elliott described during his discovery of the Wave Principle. In basic terms, he determined that the cycle began in 1776 with the founding of the 13 original american states. … Continue reading

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weekend update

REVIEW The roller coaster ride of the second week of Feb 10 ended on the plus side. Day traders were chalking up big profits, while investors were left scratching their heads. On the economic front, retail sales improved, and there … Continue reading

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