Monthly Archives: May 2012

thursday update

SHORT TERM: market heads lower then bounces, DOW -26 Overnight the Asian markets were -0.8%. European markets opened lower but closed mixed. US index futures were higher overnight, then started to weakend after a few economic reports. At 8:15 the ADP … Continue reading

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wednesday update

SHORT TERM: gap down open, DOW -161 Overnight the Asian markets were lower losing 1.0%. Europe opened lower and closed down 1.9%. US index futures started heading lower late yesterday after the ECB declined to participate in the bailout of … Continue reading

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tuesday update

SHORT TERM: gap up rally, DOW +126 Overnight the Asian markets gained 0.7%. European markets gained 1.1%. US index futures continued their holiday rally, and the market gapped up to SPX 1326 at the open. The SPX had closed at … Continue reading

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holiday update

SHORT TERM: futures rise, YM (DOW) +45 Overnight the Asian markets rose 0.6%. Europe opened higher but declined losing 0.2%. US markets were closed for the Memorial Day holiday. At the close of holiday futures trading ES (SPX) +6.50 and … Continue reading

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weekend update

REVIEW Markets rebounded this week after last week’s nasty selloff. Last week’s decline of SPX/DOW 3.9% was the largest weekly decline in six months. The previous one was the week of November 21, 2011: a 4.75% decline that marked the end … Continue reading

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friday update

SHORT TERM: consolidation continues, DOW -75 Overnight the Asian markets gained about 0.2%. European markets also gained about 0.2%. US index futures were relatively flat overnight and the market opened unchanged at SPX 1321. After a dip to SPX 1320 … Continue reading

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thursday update

SHORT TERM: consolidation day, DOW +34 Overnight the Asian markets gained 0.4%. European markets gained as well, +1.2%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were flat: 370K vs 370K, but Durable goods orders turned … Continue reading

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