Monthly Archives: July 2010

weekend update

REVIEW Friday not only ended the week but also the month, and a good month it was. While July started off the month by making new downtrend lows in the first few days. It ended the month with the best … Continue reading

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friday update

SHORT TERM: pullback continues on gap down opening, DOW -1 Overnight all the Asian markets were lower. Europe opened lower but closed mixed. US index futures were lower overnight, and at 8:30 Q2 GDP was reported +2.4% v +3.7%. The … Continue reading

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thursday update

SHORT TERM: gap up opening faded, DOW -31 Overnight the Asian markets were mixed. Europe opened higher but closed -0.40%. US index futures were higher overnight, and at 8:30 the weekly Jobless claims showed a slight improvement: 457k v 464k. … Continue reading

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wednesday update

SHORT TERM: consolidation/pullback continues, DOW -40 Overnight the Asian markets were mostly higher. Europe opened higher but closed -0.65%. US index futures were relatively flat overnight, and at 8:30 Durable goods orders were reported lower: -1.0% v -0.6%. The market … Continue reading

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tuesday update

SHORT TERM: market consolidates after recent rally, DOW +12 Overnight the Asian markets were mixed. Europe opened higher and closed +0.25%. US index futures were higher overnight, and at 9:00 the Case-Shiller index was reported rising: +4.6% v +3.8%. The … Continue reading

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monday update

SHORT TERM: DOW confirms an uptrend as rally continues, DOW +101 Overnight the Asian markets were mostly higher. Europe opened higher and closed +0.60%. US index futures were relatively flat overnight. At the open the market was relatively unchanged hitting … Continue reading

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weekend update

REVIEW The market had another strong week while economic indicators continue to erode. First the economic front. While economic reports were sparse this week they were mostly heading in the wrong direction. Weekly jobless claims rose, the monthly BEA leading indicators … Continue reading

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friday update

SHORT TERM: July rally extends, DOW +102 Overnight the Asian markets were all higher. Europe opened higher but closed mixed. US index futures were slightly higher overnight but headed lower into the open. Trading started the day with the SPX … Continue reading

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thursday update

SHORT TERM: the bi-polar market continues, DOW +202 Overnight the Asian markets were mixed. Europe opened lower but closed +2.20%. US index futures moved higher overnight with the rally in Europe. At 8:30 weekly Jobless claims rose to 464K v 429K. … Continue reading

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wednesday update

SHORT TERM: gap up early, pullback late, DOW -110 Overnight the Asian markets were mostly higher. Europe opened higher and closed +0.90%. US index futures were higher overnight and the market gapped up at the open to SPX 1089, right … Continue reading

Posted in Uncategorized | 64 Comments