Monthly Archives: March 2012

weekend update

REVIEW Somewhat of a volatile week in the US markets, as the SPX rallied to 1419, dropped to 1392, and ended the week at 1408. The market made a new uptrend high, but the pullback that followed was more than … Continue reading

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friday update

SHORT TERM: gap up opening market ends mixed, DOW +66 Overnight the Asian markets were mostly lower, but gained 0.4%. European markets opened higher and gained 0.9%. US index futures were higher overnight. At 8:30 Personal income was reported lower: … Continue reading

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thursday update

SHORT TERM: gap down opening then rebound, DOW +20 Overnight the Asian markets were again mostly lower: -0.8%. European markets were again also mostly lower: -1.5%. US index futures were lower overnight. At 8:30 the final Q3 GDP came in … Continue reading

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wednesday update

SHORT TERM: consolidations turns into a pullback, DOW -72 Overnight Asian markets were all lower, losing 0.8%. European markets opened lower and closed -1.1%. US index futures were relatively flat overnight, and at 8:30 Durable goods orders were reported higher: … Continue reading

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tuesday update

SHORT TERM: consolidation day, DOW -44 Overnight the Asian markets were all higher, gaining 1.8%. Europeans markets were mostly lower, losing 0.5%. US index futures were relatively flat. At 9:00 Case-Shiller reported a decline of 0.8% in housing prices: 135.46 … Continue reading

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monday update

SHORT TERM: uptrend makes new high, DOW +161 Overnight the Asian markets were mixed, losing 0.5%. European markets opened higher and closed +0.9%. US index futures were slightly higher overnight, then started rising dramatically during FED chairman Bernanke’s speech at 8:00: http://www.federalreserve.gov/newsevents/speech/bernanke20120326a.htm. … Continue reading

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weekend update

REVIEW After five weeks of uninterupted gains in the SPX the market pulled back this week and ended with the SPX/DOW -0.85%. The NDX has risen for 12 consecutive weeks, and the NDX/NAZ were +0.50% this week. Foreign market fared … Continue reading

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friday update

SHORT TERM: early low leads to rally, DOW +35 Overnight the Asian markets were mostly lower, losing 0.4%. European markets opened lower but recovered for a 0.2% gain. US index futures vacillated around neutral overnight, and the market opened unchanged … Continue reading

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thursday update

SHORT TERM: pullback extends, DOW -78 Overnight the Asian markets were mixed and lost 0.6%. European markets opened lower and lost 1.2%. US index futures were lower overnight, and at 8:30 weekly Jobless claims were reported lower: 348K vs 351K. … Continue reading

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wednesday update

SHORT TERM: consolidation day, DOW -46 Overnight the Asian markets mostly lower, but gained 0.3%. European markets opened lower, and ended relatively flat. US index futures were flat overnight. Last night the FED released the chairman’s congressional testimony in advance of … Continue reading

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