Monthly Archives: May 2010

monday update

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

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weekend update

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

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friday update

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

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thursday update

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

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wednesday update

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

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tuesday update

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

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the 4-year cycle

While there has been a lot of talk of a stock market crash, the resumption of the elusive wave C, and the collapse of the Euro. There has been nearly no mention of the most popular time cycle that comes … Continue reading

Posted in special report | 59 Comments