Monthly Archives: December 2011

weekend update

REVIEW A quiet holiday week closes out the volatile 2011. After making a new uptrend high at SPX 1269 on tuesday, the market declined to 1249 on wednesday. And that, was the entire range for the week. For the week … Continue reading

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friday update

SHORT TERM: quiet session closes out 2011, DOW -69 Overnight the Asian markets were mostly higher gaining 0.7%. European markets opened lower but gained 0.7% as well. US index futures were higher overnight but the market opened slightly lower at SPX … Continue reading

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thursday update

SHORT TERM: market rebounds, DOW +136 Overnight the Asian markets were mostly lower losing 0.5%. Europe opened higher and closed +1.40%. US index futures were higher overnight. At 8:30 weekly Jobless claims were reported higher: 381K vs 364K. The market … Continue reading

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wednesday update

SHORT TERM: market pullback from SPX 1269 continues, DOW -140 Overnight the Asian markets were all lower losing 0.7%. European markets opened higher but were all lower as well losing 1.0%. US index futures were slightly higher overnight and the … Continue reading

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tuesday update

SHORT TERM: new uptrends highs in quiet trading, DOW -3 Overnight the Asian markets open lost 0.7%. European markets fared better gaining 0.2%. US index futures were slightly lower overnight. At 9:00 Case-Shiller reported a 1.2% decline in housing prices for the … Continue reading

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holiday update

SHORT TERM: US markets closed, Forex trading only Overnight the Asian markets were mixed for a 0.6% gain. Europe was closed. US index futures traded only on Forex, ending with both the SPX and NDX unchanged. Bonds and Crude were also … Continue reading

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weekend update

REVIEW After a rough beginning on monday US stocks surged tuesday, following the ECB’s successful LTRO results, then continued higher for the rest of the week. For the week the SPX/DOW were +3.65% and the NDX/NAZ were +2.25%. Asian markets … Continue reading

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friday update

SHORT TERM: market drifts higher in quiet trading, DOW +124 Overnight the Asian markets were mixed gaining 0.3%. Europe opened higher and ended +0.8%. US index futures were higher overnight as well. At 8:30 Durable goods orders were reported positive … Continue reading

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thursday update

SHORT TERM: market adds to gains, DOW +62 Overnight the Asian markets were mixed, ending flat. Europe opened higher and gained 1.3%. US index futures were higher overnight. At 8:30 Q3 GDP was reported +1.8% vs +2.0%, and weekly Jobless … Continue reading

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wednesday update

SHORT TERM: consolidation day after big rally, DOW +4 Overnight the Asian markets were all higher gaining 2.7%. Europe opened higher but closed -0.8%. US index futures were higher overnight but lost ground heading into the open. At the open … Continue reading

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