Monthly Archives: May 2012

weekend update

REVIEW A nasty week in most of the world’s stock markets as the current downtrend extended. The SPX/DOW lost 3.9%, the biggest weekly drop since November, and the NDX/NAZ lost 5.3%. Asian markets were -4.0%, European markets were -5.0%, and the … Continue reading

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friday update

SHORT TERM: new downtrend lows, DOW -73 Overnight the Asian markets were mostly lower losing 1.3%. Europe opened lower and lost 0.7%. US index futures were higher overnight and the market opened higher at SPX 1308. The SPX had closed … Continue reading

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thursday update

SHORT TERM: downtrend extending, DOW -156 Overnight the Asian markets gained 0.3%. European markets, however, continued to decline losing 1.2%. US index futures were higher then flat overnight, and at 8:30 weekly Jobless claims were reported higher: 370K vs 367K. The … Continue reading

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wednesday update

SHORT TERM: downtrend may be bottoming, DOW -33 Overnight the Asian markets were mostly lower losing 2.0%. Europe firmed after being lower as well losing 0.2%. US index futures were higher overnight, and at 8:30 Housing starts were reported higher: … Continue reading

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tuesday update

SHORT TERM: consolidation day with lower low, DOW -63 Overnight the Asian markets were mostly higher gaining 0.2%. Europe opened higher but ended lower losing 0.6%. US index futures were higher overnight then reversed heading into the open. At 8:30 … Continue reading

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monday update

SHORT TERM: market gaps down again, DOW -125 Overnight the Asian markets were mostly lower losing 0.5%. Europe opened lower and lost 2.1%. US index futures were lower overnight, and the market gapped down for the sixth time is seven … Continue reading

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weekend update

REVIEW The US market gapped down at the open on monday to SPX 1364. Then proceeded to make lower downtrend lows but rebounded to that level, or 2 points higher, every day this week. It was a somewhat volatile week … Continue reading

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friday update

SHORT TERM: another gap down opening, DOW -34 Overnight the Asian markets lost 0.9%. European markets opened lower but gained 0.5%. US index futures were lower overnight, and at 8:30 the PPI was reported lower: -0.2% vs 0.0%. The market … Continue reading

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thursday update

SHORT TERM: gap up opening, DOW +20 Overnight the Asian markets were mostly lower: losing 0.5%. Europe opened higher, dipped, then closed up 0.5%. US index futures were higher overnight. At 8:30 weekly Jobless claims were reported higher: 367K vs … Continue reading

Posted in Updates | Tagged , , , | 141 Comments

wednesday update

SHORT TERM: fourth straight gap down opening, DOW -97 Overnight the Asian markets were mostly lower losing 0.9%. Europe markets opened higher, dropped, then recovered to end flat. US index futures were lower overnight and the market gapped down at … Continue reading

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