Monthly Archives: November 2010

tuesday update

SHORT TERM: another gap down opening, DOW -48 Overnight the Asian markets were mostly lower. Europe opened higher but closed -0.30%. US index futures were lower overnight, and at 9:00 Case-Shiller reported housing price changes remain positive: +0.59% vs +1.70%. … Continue reading

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USD index (DXY)

We have done some extensive time cycle research on the currencies this year and have reported some of our findings in a recent post: http://caldaro.wordpress.com/2010/10/06/the-currency-time-cycle/. This is an update. The chart above displays the USD (DXY) movement since its major SC top … Continue reading

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monday update

SHORT TERM: another gap down opening, DOW -40 Overnight the ECU approved an Ireland bailout package: http://www.marketwatch.com/story/ireland-bailout-deal-near-reports-2010-11-28?siteid=bnbh. Asian markets were mostly higher on the news. Europe, however, opened higher but ended -1.90%. US index futures were quite volatile overnight. Gapping up … Continue reading

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FED’s adjusted monetary base

While it is necessary for the monetary base to increase during economic growth periods, as is clearly illustrated in the above chart. Since the 1987 stock market crash, it has also become FED policy to increase the monetary base during non-growth periods … Continue reading

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weekend update

REVIEW After four gapped openings in four trading days the US markets ended the week mixed. Economic reports for this week continued the upward trend of improving numbers. Q3 GDP was revised higher to 2.5%. Personal income/spending rose, weekly jobless … Continue reading

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friday update

SHORT TERM: gap down opening, DOW -95 Overnight the Asian markets were mostly lower. Europe opened lower and closed -0.50%. US index futures were lower overnight and the market gapped down at the open to SPX 1190. The SPX had … Continue reading

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holiday update

SHORT TERM: index futures drift higher, YM (DOW) +31 Overnight the Asian markets were mostly higher. Europe open higher and closed +0.90%. US index futures were higher in holiday trading: ES (SPX) +3.50 and NQ (NDX) +3.50. Bonds gained 2 … Continue reading

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wednesday update

SHORT TERM: overnight buying fuels market rally, DOW +151 Overnight the Asian markets were mixed. Europe opened higher and closed +1.55%. US index futures were higher overnight as well. This was quite the inverse of yesterday’s activity. At 8:30 Personal … Continue reading

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tuesday update

SHORT TERM: market pullback on overnight selling, DOW -142 Overnight the Asian markets were mostly lower. Europe opened lower and closed -1.75%. US index futures were lower overnight. At 8:30 Q3 GDP was reported higher: +2.5% vs +2.0%. The market, … Continue reading

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monday update

SHORT TERM: bank sector weakness unsettles market, DOW -25 Overnight the Asian markets were mixed. Europe opened higher but closed -0.60%. US index futures were higher overnight, and then lower in european trading. At the open the market gapped down … Continue reading

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