Monthly Archives: September 2010

thursday update

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

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wednesday update

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

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tuesday update

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

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monday update

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

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SPX bull market projection

After observing this bull market unfold for 18 months it appears to be repeating recent pattern with a few variations. The pattern, as we have discussed before, is similar to the 2002-2007 bull market. That bull market took 60 months … Continue reading

Posted in special report | 57 Comments

weekend update

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

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friday update

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

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