Monthly Archives: August 2011

wednesday update

SHORT TERM: rally makes new high, DOW +54 Overnight the Asian markets were all higher. Europe opened higher and closed +2.45%. US index futures were higher overnight as well. At 8:15 the ADP jobs index came in positive: +91K vs … Continue reading

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tuesday update

SHORT TERM: market works its way higher, DOW +21 Overnight the Asian markets were mostly higher. Europe opened higher but closed mixed. US index futures were lower overnight, and at 9:00 Case-Shiller reported a 1.1% month over month price increase … Continue reading

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monday update

SHORT TERM: gap up rally monday, DOW +255 Overnight the Asian markets were mostly higher. Europe opened higher and closed +2.4%. US index futures were higher overnight as well. At 8:30 Personal income (+0.3% vs +0.1%), Personal spending (+0.8% vs … Continue reading

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weekend update

REVIEW The equity market reversed last week’s loses with equally impressive gains this week. After hitting a low on monday (SPX 1121) the market surged to 1191 early thursday, and then got struck by a selloff in Germany and concern about FED … Continue reading

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friday update

SHORT TERM: market rallies after Jackson Hole speech, DOW +135 Overnight the Asian markets were mostly lower. Europe opened higher but closed -0.85%. US index futures were lower overnight, and at 8:30 Q2 GDP was reported in line with expectations, … Continue reading

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thursday update

SHORT TERM: market pulls back ahead of Bernanke, DOW -171 Overnight the Asian markets were mostly higher. Europe opened higher but closed -1.60%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were reported higher: 417K vs … Continue reading

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wednesday update

SHORT TERM: market drifts higher in choppy session, DOW +144 Overnight the Asian markets were all lower. Europe opened higher and closed +2.10%. US index futures were lower entering the open, and at 8:30 Durable goods orders were reported much … Continue reading

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