Monthly Archives: November 2011

wednesday update

SHORT TERM: positive news gap up opening, DOW +490 Overnight Europe finalized its EFSF program: http://www.efsf.europa.eu/mediacentre/news/2011/2011-015-maximising-efsfs-capacity-approved.htm. Asian markets were slightly lower losing 0.1%, and Europe opened lower. Then this AM China lowered its bank reserve requirements: http://www.marketwatch.com/story/us-stock-futures-gain-after-china-rrr-move-2011-11-30?siteid=bnbh. And, the FED announced another … Continue reading

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tuesday update

SHORT TERM: consolidation day, DOW +33 Overnight the Asian markets gained 1.2%. Europe opened higher and closed +0.6%. US index futures were higher overnight as well. At 9:00 Case-Shiller reported a 0.6% month over month decline in housing prices after … Continue reading

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monday update

SHORT TERM: market gaps up on European rally, DOW +291 Overnight the Asian markets gained 2.3%. Europe markets opened higher and gained 4.3%. US index futures gapped up at the open to start last night’s trading and continued higher. At … Continue reading

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weekend update

REVIEW Markets lost ground for the second week in a row this week as the SPX/DOW were -4.75% and the NDX/NAZ were -4.85%. Economic reports swung slightly to the negative. On the uptick: existing home sales, personal income, PCE prices and the … Continue reading

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friday update

SHORT TERM: post holiday rally fizzles, DOW -26 Overnight the Asian markets were all lower. Europe opened lower but closed +0.85%. Overnight US index futures were lower as well. At the open the SPX hit 1160 and began to rally. The … Continue reading

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thanksgiving update

SHORT TERM: markets try to rebound from oversold levels, DOW (YM) -19 Overnight the Asian markets were mixed. Europe opened higher and closed -0.20%. US index futures were higher, then lower overnight: SPX (ES) -0.75 and NDX (NQ) -3.75. The US market is closed … Continue reading

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wednesday update

SHORT TERM: gap down opening suggests trouble ahead, DOW -236 Last night the FED issued the following after the close: http://www.federalreserve.gov/newsevents/press/bcreg/20111122a.htm. Asian markets were all lower overnight, and Europe opened lower and closed -1.35%. US index futures were lower overnight … Continue reading

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tuesday update

SHORT TERM: market ends lower in choppy day, DOW -53 Overnight the Asian markets were mixed. Europe opened lower and closed -0.75%. US index futures were higher, then lower, overnight. At 8:30 Q3 GDP was reported lower: +2.0% vs +2.5%. … Continue reading

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monday update

SHORT TERM: market gaps down at open, DOW -249 Overnight the Asian markets were all lower. Europe opened lower and closed -3.0%. US index futures were also sharply lower overnight, and the market gapped down to SPX 1205 at the … Continue reading

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weekend update

REVIEW For the third week in a row the market had a turnaround tuesday event. Three weeks ago it hit the SPX 1215 low. Two weeks ago the SPX 1278 high. And, this tuesday the high for the week at SPX 1264. … Continue reading

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