Monthly Archives: May 2011

tuesday update

SHORT TERM: market rebound extends, DOW +128 Overnight all the Asian markets were higher. The last time that occurred was April 21st. Europe opened higher and closed +1.35%. US index futures were much higher overnight. At 9:00 Case-Shiller reported the … Continue reading

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monday holiday update

SHORT TERM: US markets closed, YM +4 Overnight Asian markets were mostly lower. Europe opened higher but closed flat. US index futures were relatively flat overnight with ES +0.50 and NQ +0.50. Markets were fairly quiet worldwide. Bonds gained 5 … Continue reading

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weekend update

REVIEW Another choppy week in the US stock market that led to the fourth consecutive, albeit small, weekly loss. On the economic front positive reports outpaced negatives 8:5. On the negative side: durable goods orders, pending homes sales, the M1-multiplier, … Continue reading

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friday update

SHORT TERM: market rebound continues, DOW +39 Overnight the Asian markets were mixed. Europe opened higher and closed +0.80%. US index futures were higher overnight. At 8:30 Personal income was reported positive: +0.4% vs +0.5%, as was Personal spending: +0.4% … Continue reading

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thursday update

SHORT TERM: stock rebound strengthens, DOW +8 Overnight the Asian markets were mostly higher. Europe opened higher but closed mixed. US index futures were higher overnight. At 8:30 Q1 GDP was reported unchanged: +1.8% vs +1.8%, but weekly Jobless claims … Continue reading

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wednesday update

SHORT TERM: today’s market rebound somewhat more successful, DOW +38 Overnight the Asian markets were mostly lower. Europe opened lower but closed +0.25%. US index futures were lower overnight, and at 8:30 Durable goods orders were reported lower: -3.6% vs … Continue reading

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tuesday update

SHORT TERM: market tries to rebound, DOW -25 Overnight the Asian markets were mixed. Europe opened higher and closed +0.40%. US index futures were higher overnight as well. At 8:30 FED governor Duke’s speech was released: http://www.federalreserve.gov/newsevents/speech/duke20110524a.htm. The market opened … Continue reading

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monday update

SHORT TERM: gap down opening to start week, DOW -131 Overnight the Asian markets were all lower. Europe opened lower and closed -1.95%. US index futures were lower overnight as well. At the open the market gapped down to SPX … Continue reading

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weekend update

REVIEW Another choppy week that ends in the red for the third time this month. Economic reports were definitely on the negative side outnumbering positives by 9:2. On the positive side the weekly Jobless claims improved and the Monetary base … Continue reading

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friday update

SHORT TERM: volatile Options expiration, DOW -93 Overnight the Asian markets were mixed. Europe opened higher but closed -0.70%. US index futures were lower overnight and the market opened lower at SPX 1342. The SPX had closed at 1344 yesterday. … Continue reading

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