Monthly Archives: June 2011

thursday update

SHORT TERM: end of month - end of quarter, DOW +153 Overnight the Asian markets were all higher. Europe opened higher and closed +0.85%. US index futures were higher overnight. At 8:30 weekly Jobless claims again were reported flat: 428K vs 429K. The … Continue reading

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wednesday update

SHORT TERM: rally has been quite steady, DOW +73 Overnight the Asian markets were mixed. Europe opened higher and closed +1.60%. US index futures were higher overnight as well. Around 9:00 the FED made this press release: http://www.federalreserve.gov/newsevents/press/monetary/20110629a.htm.  At the open the … Continue reading

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tuesday update

SHORT TERM: rally continues, DOW +145 Overnight the Asian markets were all higher. Europe opened higher and closed +0.85%. US index futures were higher overnight. At 9:00 Case-Shiller reported housing prices -4.0% vs -3.6% yty. The actual data showed an uptick mtm: $138.84 … Continue reading

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monday update

SHORT TERM: market rebounds again, DOW +109 Overnight the Asian markets were mixed. Europe opened lower but closed mixed. US index futures were higher overnight, and at 8:30 Personal income was reported positive: +0.3% vs +0.4%, but Personal spending was … Continue reading

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weekend update

REVIEW Another volatile week that ended about where it started. Economic reports were light and mixed: 5 negative/4 positive. On the negative side: existing/new home sales fell, as did the M1-multiplier and the WLEI. Weekly jobless claims ticked up. On … Continue reading

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friday update

SHORT TERM: market pulls back again, DOW -115 Overnight the Asian markets were all higher. Europe opened higher but closed mixed. US index futures were higher overnight as well. At 8:30 Q1 GDP was revised higher: +1.9% vs +1.8%, and … Continue reading

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thursday update

SHORT TERM: another gap down day, DOW -59 Overnight the Asian markets were mixed. Europe opened lower and closed -1.75%. US index futures were lower overnight as well. At 8:30 the weekly Jobless claims came in higher: 429K vs 414K. … Continue reading

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wednesday update

SHORT TERM: market gaps down, consolidates, then DOW -80 Overnight the Asian markets were mostly higher. Europe opened lower and closed -0.05%. US index futures were lower overnight and the market gapped down at the open to SPX 1290. The … Continue reading

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tuesday update

SHORT TERM: market rallies strongly, DOW +110 Overnight the Asian markets were all higher. This is the first time this has occurred all month. Europe opened higher and closed +1.65%. US index futures were higher overnight as well. The market gapped up … Continue reading

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monday update

SHORT TERM: market rebounds after several divergences, DOW +76 Overnight the Asian markets were mostly lower. Europe opened lower and closed -0.30%. US index futures were lower overnight, and the market opened lower at SPX 1268. The SPX had closed … Continue reading

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