Monthly Archives: September 2010

SHORT TERM: new uptrend high then pullback, DOW -47 Overnight the Asian markets were mixed. Europe opened higher but closed -0.35%. US index futures were lower overnight. At 8:30 the Q2 GDP revision came in slightly better than expected: +1.7% … Continue reading →

SHORT TERM: quiet market before Q2 GDP, DOW -23 Overnight the Asian markets were mixed. Europe opened higher but closed -0.30%. US index futures were modestly lower overnight, and at 7:00 Mortgage applications were reported lower: -0.8% v -1.4%. The … Continue reading →

SHORT TERM: market rebounds after early selling, DOW +46 Overnight all of the Asian markets were lower. Europe opened lower, but closed mixed. US index futures vacillated between positive and negative overnight. At 9:00 Case-Shiller reported housing prices continue to … Continue reading →

SHORT TERM: market ekes out higher high in quiet trading, DOW -48 Overnight the Asian markets were all higher. Europe opened higher but closed -0.40%. US index futures were slightly lower overnight. At the open the market slipped lower to … Continue reading →

REVIEW It was generally a good week all around for the stock market and the economy. FED chairman Bernanke even gave a speech after the close on friday: http://www.federalreserve.gov/newsevents/speech/bernanke20100924a.htm. Economic reports were mostly on the positive side: housing starts, building … Continue reading →

SHORT TERM: market gaps up to end week, DOW +198 Overnight the Asian markets were mixed. Europe opened lower but closed +1.40%. US index futres were higher overnight, and at 8:30 Durable goods orders were reported lower, but better than … Continue reading →

SHORT TERM: pullback continues into second day, DOW -77 Overnight the Asian markets, those that were open, were mixed. Europe opened higher but closed -0.25%. US index futures were lower overnight, and at 8:30 weekly Jobless claims were reported higher: … Continue reading →

SHORT TERM: pullback day after FOMC, DOW -22 Overnight the Asian markets were mixed. Europe opened higher but closed -0.65%. US index futures were lower overnight and the market opened slightly lower at SPX 1138. It had closed at SPX … Continue reading →

SHORT TERM: new uptrend highs after FOMC statement, DOW +7 Overnight the Asian markets were mixed. Europe opened lower and closed -0.40%. US index futures were relatively flat overnight, and at 8:30 both Housing starts (596K v 548K) and Building permits (569K … Continue reading →