Monthly Archives: February 2011

monday update

SHORT TERM: early market rally ends near highs, DOW +96 Overnight the Asian markets were mostly higher. Europe opened lower but closed mixed. US index futures started lower overnight but turned positive heading into today’s trading. At 8:30 Personal income … Continue reading

Posted in Updates | Tagged , , , , , , , , | 35 Comments

weekend update

REVIEW This week markets, worldwide, took their biggest hit since the second week in November on civil unrest in Libya and a spike in Crude oil prices. WTIC started the week at $88.80/bbl and spiked, in three days, up to … Continue reading

Posted in weekend update | Tagged , , , , , , , , | 31 Comments

friday update

SHORT TERM: market rebounds, DOW +62 Overnight the Asian markets were all higher. Europe opened higher and closed +1.05%. US index futures were higher overnight as well. At 8:30 Q4 GDP was lowered to +2.8% vs 3.2%. Nevertheless, the market … Continue reading

Posted in Updates | Tagged , , , , , , , ,

thursday update

SHORT TERM: pullback makes new lows, DOW -37 Overnight the Asian markets were again mostly lower. Europe opened lower and closed -0.50%. US index futures were lower overnight, but improved after Crude pulled back from a spike high over $103/bbl. … Continue reading

Posted in Updates | Tagged , , , , , , , , | 39 Comments

wednesday update

SHORT TERM: pullback extends, DOW -107 Overnight the Asian markets were mostly lower. Europe opened lower and closed -1.45%. US index futures were higher overnight, but the market opened slightly lower at SPX 1314. It had closed at SPX 1315 … Continue reading

Posted in Updates | Tagged , , , , , , , , | 31 Comments

tuesday update

SHORT TERM: significant pullback starts the week, DOW -178 Overnight Asian markets were all lower. Europe opened lower and closed -0.15%. US index futures lost ground during monday’s holiday session and stayed lower into today’s open. At 9:00 Case-Shiller reported housing prices were: … Continue reading

Posted in Updates | Tagged , , , , , , , , | 41 Comments

holiday update

SHORT TERM: many assets moving quickly overnight, YM (DOW) -73 Overnight the Asian markets were mixed. Europe opened lower and closed -1.25%. US index futures were lower overnight, and then in the last two hours of holiday trading dropped even further. For … Continue reading

Posted in Updates | Tagged , , , , , , , , | 22 Comments

weekend update

REVIEW For the eleventh week in a row the SPX made new bull market highs this week. Statistically that is quite a run as this seven month uptrend continues to extend. Economic reports were plentiful and positive. Thirteen were positive … Continue reading

Posted in weekend update | Tagged , , , , , , , , | 27 Comments

friday update

SHORT TERM: a quiet options expiration, DOW +73 Overnight the Asian markets were mixed. Europe opened higher but closed mixed for the second day in a row. US index futures were higher overnight, and at 8:00 FED chairman Bernanke’s France … Continue reading

Posted in Updates | Tagged , , , , , , , , | 4 Comments

thursday update

SHORT TERM: another day another new high, DOW +30 Overnight the Asian markets were all higher. Europe opened higher but closed mixed. US index futures were generally flat overnight, and at 8:30 weekly Jobless claims were reported higher: 410K vs … Continue reading

Posted in Updates | Tagged , , , , , , , , | 43 Comments