Monthly Archives: April 2012

monday update

SHORT TERM: end of month pullback, DOW -15 Overnight the Asian markets were mostly higher +0.7%. Europe, however, opened higher and closed mostly lower -0.8%. US index futures were relatively quiet overnight. At 8:30 Personal income was reported higher: +0.4% … Continue reading

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weekend update

REVIEW An interesting week. The market opened the week with a large gap down, the fifth gap opening in six trading days, and traded down to SPX 1359 in the first half hour. That was the low for the week. … Continue reading

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friday update

SHORT TERM: pullback then rally continues, DOW +24 Overnight the Asian markets were mostly higher gaining 0.2%. European markets opened lower, but turned higher gaining 0.8%. US index futures were lower, then higher, overnight. At 8:30 Q1 GDP was reported … Continue reading

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thursday update

SHORT TERM: rally continues, DOW+114 Overnight the Asian markets were mostly higher: +0.5%. European markets were mostly higher as well: +0.2%. US index futures were lower overnight, and at 8:30 weekly Jobless claims were reported higher: 388K vs 386K. The … Continue reading

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wednesday update

SHORT TERM: rally continues, DOW +89 Last night AAPL reported better than expected earnings. This pushed NQ (NDX futures) higher, which pulled up everything else with it. Overnight Asian markets were mostly lower but closed +0.2%. European markets opened higher … Continue reading

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tuesday update

SHORT TERM: early rally holds, DOW +74 Overnight the Asian markets were mostly higher, but lost 0.1%. Europe opened higher and gained 1.3%. US index futures were higher overnight, and at 9:00 Case-Shiller was reported lower: 134.20 vs 135.23. The … Continue reading

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monday update

SHORT TERM: European selling drives market lower, DOW -102 Overnight the Asian markets were -1.2%. European markets opened lower and dropped 2.7%. US index futures were under pressure overnight, and the market gapped down at the open to SPX 1367. … Continue reading

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