Monthly Archives: June 2010

wednesday update

SHORT TERM: market decline continues, DOW -97 Overnight the Asian markets were mostly lower. Europe opened higher, however, and closed +0.15%. US index futures were mixed overnight, and at 8:15 the ADP employment index displayed less net monthly jobs created: … Continue reading

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tuesday update

SHORT TERM: foreign markets roll over, DOW -268 Overnight the Asian markets were all lower. Europe opened lower and closed -3.20%. US index futures were lower overnight, and at 9:00 Case-Shiller reported a rise in housing prices: +3.8% v +2.4%. The … Continue reading

Posted in Uncategorized | 26 Comments

monday update

SHORT TERM: market consolidates above friday’s lows, DOW -5 Overnight the Asian markets were mixed. Europe opened higher and closed +0.95%. US index futures were relatively flat overnight. At 8:30 Personal income was reported positive: +0.4% v +0.5%, Personal spending … Continue reading

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weekend update

REVIEW This is, has been, and continues to be, an interesting market. When the market seemed like it was ready to drop into a black hole in March 2009, it bottoms and rallies over 80% in 13 months. Then when … Continue reading

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friday update

SHORT TERM: market consolidates after rough week, DOW -8 Overnight all of the Asian markets were lower. Europe opened higher but closed -0.90%. US index futures were relatively flat overnight, and at 8:30 the final revision to Q1 GDP was … Continue reading

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thursday update

SHORT TERM: pullback from monday’s high continues, DOW -146 Overnight most of the Asian markets were lower. Europe opened higher but closed -1.50%. US index futures were lower overnight, and at 8:30 weekly Jobless claims were reported lower: 457K v … Continue reading

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wednesday update

SHORT TERM: volatility continues, DOW +5 Overnight the Asian markets were mixed. Europe opened lower and closed -1.15%. US index futures were higher overnight but the market opened about unchanged: SPX 1096 vs. SPX 1095 close yesterday. Within the first … Continue reading

Posted in Uncategorized | 38 Comments

tuesday update

SHORT TERM: pullback continues as OEW 1107 breaks, DOW -149 Overnight the Asian markets were mostly lower. Europe opened lower and closed -0.70%. US index futures were generally flat overnight and the market opened up one point from yesterday’s SPX … Continue reading

Posted in Uncategorized | 33 Comments

monday update

SHORT TERM: market rally hits OEW 1036 pivot then fades, DOW -8 Overnight China eased it Yuan/USD peg currency policy. Asian markets were all sharply higher. Europe opened higher and closed +1.05%. US index futures were sharply higher overnight and the … Continue reading

Posted in Uncategorized | 27 Comments

weekend update

REVIEW Another mixed performance for the economic reports, but a good week for equities. This week monthly import/export prices continued to be reported higher, but the PPI/CPI remained negative? In manufacturing, Industrial production rose along with the Empire index, but the Philly FED … Continue reading

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