Monthly Archives: March 2010

wednesday update

SHORT TERM: market weakens early and late, DOW -51 Overnight all the Asian markets were lower. Europe opened higher and closed +0.15%. US index futures were lower overnight, and that 8:15 the ADP employment index was still negative: -23K v … Continue reading

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tuesday update

SHORT TERM: another trading range day, DOW +12 Overnight the Asian markets were again mostly higher. Europe opened higher but closed -0.45%. US index futures were moderately higher overnight and at 9:00 Case-Shiller reported housing prices continue to slide: -0.7% … Continue reading

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monday update

SHORT TERM: SPX climbs over 1168 pivot again, DOW +46 Overnight most of the Asian markets were higher. Europe opened higher and closed +0.40%. US index futures were also higher overnight. At 8:30 Personal income was reported flat: +0.0% v +0.3%, Personal … Continue reading

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weekend update

REVIEW On a week to week basis this one looks much the same as last week. Despite another 1% gain in the USD the US stock market was higher again, Asian and European markets were also higher, and the Commodity equity … Continue reading

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friday update

SHORT TERM: rally remains under pressure, DOW +9 Overnight all the Asian markets were higher. Europe opened lower and closed -0.20%. US index futures were higher overnight and at 8:30 Q4 GDP was revised lower: +5.6% v +5.9%. The market … Continue reading

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thursday update

SHORT TERM: uptrend makes new highs then pulls back, DOW +5 Last night FED vice chairman Kohn gave a speech in N. Carolina: http://www.federalreserve.gov/newsevents/speech/kohn20100324a.htm. Overnight the Asian markets were mixed. Europe opened higher and closed +1.20%. US index futures were … Continue reading

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wednesday update

SHORT TERM: market consolidates after rally, DOW -53 After the close yesterday the FED released today’s Congressional testimony by FED director Braunstein: http://www.federalreserve.gov/newsevents/testimony/37519B46AB684C1F91B30089062203E1.htm. They have been pre-releasing FED/government testimony for a couple of weeks now. It must be a new policy. Overnight the … Continue reading

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tuesday update

SHORT TERM: uptrend resumes with new highs, DOW +103 Overnight the Asian markets were mixed. Europe opened higher and closed +0.50%. US index futures were relatively flat overnight and the market opened a bit higher. The market vacillated around unchanged, trading between 1164 … Continue reading

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monday update

SHORT TERM: market holds support and rallies, DOW +44 On sunday night the the US Congress passed their national health care plan. Overnight the Asian markets were mostly lower. Europe opened lower but closed mixed. US index futures were lower … Continue reading

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weekend update

REVIEW The market began the week by extending its consecutive days of new uptrend highs to nine by wednesday. Then gave way to its largest pullback in three weeks on thursday and friday. For the week the SPX/DOW were +1.0%, … Continue reading

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