Monthly Archives: May 2010

SHORT TERM: US markets closed for the Memorial Day holiday On sunday night FED chairman Bernanke’s speech was released: http://www.federalreserve.gov/newsevents/speech/bernanke20100530a.htm. Overnight the Asian markets ended mixed. Europe opened higher and closed +0.30%. US index futures traded higher overnight: ES +2, … Continue reading →

REVIEW Despite a new downtrend low on tuesday at SPX 1041. markets worldwide had a mostly positive week. US economic reports were generally positive as well. Existing/new homes sales rose, as did consumer sentiment/confidence. Durable goods orders rose, along with … Continue reading →

SHORT TERM: market settles lower before three day weekend, DOW -122 Overnight the Asian markets were mostly higher. Europe opened higher but closed mixed. US index futures were generally flat overnight, and at 8:30 Personal income was reported positive +0.4% v … Continue reading →

SHORT TERM: overnight buying drives market higher, DOW +285 Overnight all the Asian markets were higher. Europe opened higher and closed +3.10%. US index futures were sharply higher overnight as well. At 8:30 weekly Jobless claims were announced improving: 460K … Continue reading →

SHORT TERM: yesterday’s SPX 1041 reversal hits SPX 1091 today, DOW -69 Overnight all the Asian markets were higher. Europe opened higher and closed +1.75%. US index futres were higher overnight as well. Last night FED chairman Bernanke’s speech in … Continue reading →

SHORT TERM: another volatile day, DOW -23 Overnight all the Asian markets were lower. Europe opened lower and closed -2.30%. US index futures were sharply lower overnight and at 9:00 Case-Shiller reported housing prices remained weak -0.5% v -0.9%. Reacting … Continue reading →

SHORT TERM: market ends lower after Opex rally, DOW -127 Overnight the Asian markets were mostly higher. Europe opened higher but closed mixed. US index futures were lower overnight and the market opened slightly to the downside after closing friday at … Continue reading →

REVIEW The world’s equity markets had another rough week. The second large decline in the last three weeks, and third declining week since the April uptrend high. The SPX/DOW were -4.1%, and the NDX/NAZ were -4.7%. Asian markets were -4.5%, Europe … Continue reading →

SHORT TERM: volatile options expiration, DOW +125 Last night the Senate passed a financial reform package: http://www.marketwatch.com/story/senate-oks-sweeping-restrictions-on-big-banks-2010-05-20-2046560?siteid=bnbh. Overnight most of the Asian markets were lower. Europe opened higher but closed -0.45%. US index futures were higher then lower again after … Continue reading →