Monthly Archives: February 2012

wednesday update

SHORT TERM: new high then pullback, DOW -53 Overnight the Asian markets were mostly higher: +0.4%. European markets opened lower, rallied after LTRO 2 tranche 2 was announced at $530 bln Euros, then closed lower: -0.5%. US index futures were … Continue reading

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tuesday update

SHORT TERM: investors await LTRO 2 results, DOW +24 Overnight the Asian markets were higher: gaining 1.4%. Europe opened higher and gained 0.4%. US index futures were also higher overnight. At 8:15 FED governor Duke’s testimony: http://www.federalreserve.gov/newsevents/testimony/duke20120228a.htm. At 8:30 Durable goods … Continue reading

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monday update

SHORT TERM: interesting day, DOW -1 Overnight the Asian markets were all lower: losing 1.2%. European markets opened lower and lost 0.4%. US index futures were lower overnight as well, and the market gapped down at the open to SPX … Continue reading

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Under the radar

When a potental economic downturn is first sensed investors gradually start to shift into what is perceived as safe assets, namely Treasury bills, notes and bonds. As more and more investors pick up on this scenario a trend begins to … Continue reading

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weekend update

REVIEW Another quiet week in the US equity market as the entire range for the week was between SPX 1352 and 1369. While the SPX did not make a new print high, above 1371, it did make a new closing … Continue reading

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friday update

SHORT TERM: new (last?) uptrend high, DOW -2 Overnight the Asian markets were mixed and gained 0.1%. European markets opened higher, but turned mixed gaining 0.4%. US index futures were higher overnight, and the market opened at SPX 1366. The … Continue reading

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thursday update

SHORT TERM: pullback then rally, DOW +46 Overnight the Asian markets were mostly lower, losing 0.3%. European markets opened higher, but closed -0.1%. US index futures were slightly lower overnight. At 8:30 weekly Jobless claims were reported slightly higher: 351K … Continue reading

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wednesday update

SHORT TERM: consolidation day, DOW -27 Overnight the Asian markets were mostly higher, gaining 0.4%. European markets opened higher but closed lower, losing 0.5%. US index futures were lower overnight, and the market opened two points below yesterday’s SPX 1362 … Continue reading

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tuesday update

SHORT TERM: another uptrend high, DOW +16 Overnight the Asian markets were mixed, gaining 0.2%. European markets opened lower and ended lower, losing 0.3%. US index futures gave back some of the holiday gains but were still higher heading into … Continue reading

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holiday update

SHORT TERM: US markets closed, DOW (YM) +72 Overnight the Asian markets were higher, gaining 0.7%. European markets opened higher and gained 0.9%. US index futures gained in holiday trading: SPX (ES) +6.75 and the NDX (NQ) +10.5. Bonds lost 14 … Continue reading

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