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

Posted in Updates | Tagged , , , , | 77 Comments

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

Posted in weekend update | Tagged , , , , | 39 Comments

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

Posted in Updates | Tagged , , , , | 32 Comments

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

Posted in Updates | Tagged , , , , | 80 Comments

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

Posted in Updates | Tagged , , , , | 82 Comments

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

Posted in Updates | Tagged , , , , | 77 Comments

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

Posted in Updates | Tagged , , , , | 52 Comments

weekend update

REVIEW While Europe was trying to rally for most of the week US economic reports were weighing down the US markets. Reports for the week were mostly negative with 10 declining and 4 rising. On the downtick: retail sales, the … Continue reading

Posted in weekend update | Tagged , , , , , | 68 Comments

friday update

SHORT TERM: market gaps up ends mixed, DOW +65 Overnight the Asian markets were mostly lower losing 0.1%. Europe opened lower but gained 0.7%. US index futures were higher overnight and gapped up at the opening to SPX 1382. The … Continue reading

Posted in Updates | Tagged , , , , | 4 Comments

thursday update

SHORT TERM: market heads lower, DOW -69 Overnight the Asian markets were mostly lower losing 0.4%. Europe opened higher but closed -1.0%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were reported higher: 386K vs 380K. The … Continue reading

Posted in Updates | Tagged , , , | 22 Comments