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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