Monthly Archives: October 2011

SHORT TERM: market gaps down in pullback, DOW -275 Overnight the Asian markets were all lower. Europe opened lower and closed -3.0%. US index futures were lower overnight as well. At the open the market gapped down to SPX 1276 … Continue reading →

SHORT TERM: consolidation day, DOW +22 Overnight the Asian markets were all higher. Europe opened higher but closed mixed. US index futures were lower overnight. At 8:30 Personal income was reported higher: +0.1% vs -0.1%, Personal spending was reported higher: … Continue reading →

SHORT TERM: solid gap up rally after ECU debt deal, DOW +340 Overnight, the Eurozone reached agreement on dealing with their credit crisis. Asian markets were all higher on the news. Europe opened higher and closed +4.2%. US index futures … Continue reading →

SHORT TERM: gap up opening ends in a volatile day, DOW +162 Overnight the Asian markets were mostly higher. Europe opened higher but closed mixed. US index futures were higher overnight, but at 8:30 Durable goods orders were reported more negative: -0.8% … Continue reading →

SHORT TERM: market pulls back, DOW -207 Overnight the Asian markets were mixed. Europe opened lower and closed -0.30%. US index futures were higher, then lower, overnight. At 9:00 Case-Shiller reported a 0.2% increase in housing prices. The market opened … Continue reading →

SHORT TERM: market rallies right into resistance, DOW +105 Overnight the Asian markets were all higher. Europe opened higher and closed +1.25%. US index futures were marginally higher overnight, and the market opened a couple of points higher at SPX … Continue reading →

SHORT TERM: market rallies on European optimism, DOW +267 Last night FED governor Tarullo gave the following speech: http://www.federalreserve.gov/newsevents/speech/tarullo20111020a.htm. He suggests the FED begin a monetized MBS purchase program to help the housing industry. Overnight the Asian markets were mostly lower. … Continue reading →

SHORT TERM: choppy session, DOW +37 Overnight the Asian markets were all lower. Europe opened lower and closed -1.85%. US index futures were higher overnight. At 8:30 weekly Jobless claims were reported relatively flat: 403K vs 404K. The market opened … Continue reading →