Monthly Archives: October 2010

weekend update

REVIEW For the first time in quite a while positive weekly economic reports outweighed negative reports by over three to one. The market responded, before the reports, with a new uptrend high and then went sideways during the reports. On the negative side. … Continue reading

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friday update

SHORT TERM: Q3 GDP +2.0%, DOW +5 Overnight the Asian markets were mostly lower. Europe opened lower but closed mixed. US index futures were lower overnight, and at 8:30 the Q3 GDP was reported higher: +2.0% v  +1.7%. The market … Continue reading

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thursday update

SHORT TERM: consolidation pullback continues, DOW -17 Overnight the Asian markets were mixed. Europe opened higher and closed +0.50%. US index futures were higher overnight, and at 8:30 weekly Jobless claims improved: 434K v 452K. The market gapped up at … Continue reading

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wednesday update

SHORT TERM: market extends pullback, DOW -43 Overnight the Asian markets were mostly lower. Europe opened lower and closed -0.90%. US index futures were lower overnight as well. At 7:00 weekly Mortgage applications were reported higher: +3.2% v -10.5%. At … Continue reading

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tuesday update

SHORT TERM: early pullback ends positive, DOW +5 Overnight all the Asian markets were modestly lower. Europe opened lower and closed -0.60%. US index futures were lower overnight, and at 9:00 Case-Shiller reported a less positive annual gain in housing prices: … Continue reading

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monday update

SHORT TERM: new uptrend high, DOW +31 Overnight the Asian markets were mostly higher. Europe opened higher and closed +0.35%. US index futures were higher overnight as well. At 8:30 FED chairman Bernanke’s speech was released: http://www.federalreserve.gov/newsevents/speech/bernanke20101025a.htm. Then the FED … Continue reading

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weekend update

REVIEW Economic reports and the equity market ended the week mostly positive. On the economic front; industrial production, building permits and weekly mortgage applications all declined. Capacity utilization and the BEA leading indicators were positive but flat. There were improvements, … Continue reading

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friday update

SHORT TERM: consolidation friday, DOW -14 Overnight the Asian markets were mostly lower. Europe opened lower and closed -0.20%. US index futures traded slightly above and below unchanged last night, and the market opened one point higher than yesterday’s close … Continue reading

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thursday update

SHORT TERM: gap up opening followed by pullback, DOW +39 Overnight the Asian markets were mostly higher. Europe opened lower but closed +0.90%. US index futures were also higher overnight and at 8:30 weekly Jobless claims were reported slightly lower: … Continue reading

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wednesday update

SHORT TERM: market rebounds, DOW +129 Overnight the Asian markets were mostly lower. Europe opened lower but closed +0.50%. US index futures were higher overnight. After the close yesterday FED chairman Bernanke’s uncharacteristically short speech was released: http://www.federalreserve.gov/newsevents/speech/bernanke20101019a.htm. Later the FED … Continue reading

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