Monthly Archives: July 2011

weekend update

REVIEW Equities declined throughout the week right from the gap down open on monday into the close on friday. In the end US equities experienced the worse weekly loss since the Primary wave II bottom in July 2010. The monthly economic reports were mostly negative, outpacing … Continue reading

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friday update

SHORT TERM: market gaps down again, DOW -97 Overnight the Asian markets were all lower. Europe opened lower and closed -0.70%. US index futures were lower overnight and at 8:30 Q2 GDP was reported positive but lower than expected: +1.3% … Continue reading

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thursday update … negatives building

SHORT TERM: market opens flat, rallies, then drops, DOW -62 Overnight the Asian markets were mostly lower. Europe opened lower but closed mixed. US index futures were relatively flat overnight, and at 8:30 weekly Jobless claims dipped below 400K: 398K vs … Continue reading

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wednesday update

SHORT TERM: market gaps down, DOW -199 Overnight the Asian markets were mostly lower. Europe opened lower and closed -1.30%. US index futures were lower overnight, and at 8:30 Durable goods orders came in negative: -2.1% vs +2.1%. The market … Continue reading

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tuesday update

SHORT TERM: market opens flat, DOW -92 Overnight the Asian markets were mostly higher. Europe opened higher and closed +0.05%. US index futures were relatively flat overnight. At 9:00 Case-Shiller reported another uptick in month over month housing prices, yet … Continue reading

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monday update

SHORT TERM: market gaps down then recovers somewhat, DOW -88 Overnight the Asian markets were mostly lower. Europe opened lower but closed mixed. US index futures were lower overnight and the market gapped down to SPX 1335 at the open. The … Continue reading

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weekend update

REVIEW The market rebounded this week retracing all of last week’s loss. Foreign markets recovered as well. On the economic front reports came in 6 : 2 to the good. On the negative side: weekly jobless claims rose and existing … Continue reading

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