Monthly Archives: August 2011

weekend update

REVIEW After last week’s rebound, which carried into mid-week, world equity markets headed south on thursday and friday. While the SPX/DOW were losing 4.35%, the 10 Year US Bond hit an all time low of 1.98%, and Gold soared to $1881 on friday. … Continue reading

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friday update

SHORT TERM: another gap down opening, DOW -173 Overnight the Asian markets were all lower. Europe opened lower and closed -1.6%. US index futures were lower overnight as well, and the market gapped down to SPX 1131 at the open. … Continue reading

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thursday update

SHORT TERM: big gap down opening starts day, DOW -420 Overnight the Asian markets were all lower. Europe opened lower and closed down 5.15%, the largest one day drop since the bear market began. US index futures, quite naturally, followed … Continue reading

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wednesday update

SHORT TERM: gap opening nine day streak ends, DOW +4 Overnight the Asian markets were mixed. Europe opened lower and closed -0.60%. US index futures were higher overnight, and at 8:30 the PPI was reported: +0.4% vs +0.4%. The market … Continue reading

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tuesday update

SHORT TERM: gap down opening, DOW -77 Overnight the Asian markets were mostly lower. Europe opened lower but closed mixed. US index futures were lower overnight. At 8:30 Housing starts were reported lower: 604K vs 629K, Building permits were lower: … Continue reading

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Foreign currency and USD update

We last reviewed the currencies in early July: http://caldaro.wordpress.com/2011/07/04/foreign-currency-and-usd-update/. Since then, it appears, a lot has changed. The world’s equity markets have entered bear markets, US Bonds have been soaring, commodities have generally weakened, Gold has been making all time … Continue reading

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monday update

SHORT TERM: market gaps up again, DOW +214 Overnight the Asian markets open were all higher. Europe opened higher and closed +0.50%. US index futures were higher overnight, and @ 8:30 the NY FED was reported in the negative again: … Continue reading

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weekend update

REVIEW The US market opened the week on a gap down to SPX 1182, hit 1102 on tuesday, then spent the rest of the week trading wildly between the 1120′s and 1180′s only to close the week at 1179. The … Continue reading

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friday update

SHORT TERM: market gaps up for second time, DOW +126 Overnight the Asian markets were mixed. Europe opened lower but closed +3.25%. US index futures were lower then higher overnight, and at 8:30 Retail sales were reported higher: +0.5% vs … Continue reading

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thursday update

SHORT TERM: gap up opening, DOW +423 Overnight the Asian markets were mostly lower. Europe opened higher and closed +3.20%. US index futures were higher, then lower, then higher again in a volatile overnight session. At 8:30 weekly Jobless claims … Continue reading

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