Monthly Archives: July 2012

tuesday update

SHORT TERM: pullback continues, DOW -64 Overnight the Asian markets gained 0.8%. Europe opened lower and closed -0.6%. US index futures were higher overnight. At 8:30 Personal income was reported higher: +0.5% vs +0.2%, but Personal spending was unchanged: 0.0% vs … Continue reading

Posted in Updates | Tagged , , , | 32 Comments

monday update

SHORT TERM: new uptrend high then pullback, DOW -3 Overnight the Asian markets gained 1.5%. Europe opened higher and gained 1.2%. US index futures were lower overnight, and the market opened at SPX 1385 – one point lower than friday’s close. The … Continue reading

Posted in Updates | Tagged , , , | 59 Comments

weekend update

REVIEW Despite all the negativity surrounding the US market, and foreign markets, the current uptrend made a new high this week. The week started off with a gap down on monday, a SPX 1329 low on tuesday, then rallied to close out … Continue reading

Posted in weekend update | Tagged , , , | 73 Comments

friday update

SHORT TERM: market gaps up again, DOW +188 Last night the FED reported an increase in the monetary base: $2.94 tln vs $2.65 tln, and an increase in the M1 multiplier to 0.868. Overnight the Asian markets gained 1.5%. Europe … Continue reading

Posted in Updates | Tagged , , , | 20 Comments

thursday update

SHORT TERM: markets gaps up on Euro rally, DOW +212 Overnight the Asian markets lost 0.1%. Europe opened lower but rallied, after ECB president Draghi’s comments, gaining 2.6%. US index futures responded, after the comments, with a surge. At 8:30 … Continue reading

Posted in Updates | Tagged , , , | 95 Comments

wednesday update

SHORT TERM: DOW breaks losing streak, DOW +59 Overnight the Asian markets lost 0.6%. European markets opened lower but closed +0.2%. US index futures were higher overnight, and the market opened higher at SPX 1340. The SPX had closed at 1338 … Continue reading

Posted in Updates | Tagged , , , | 76 Comments

tuesday update

SHORT TERM: pullback continues, DOW -104 Last night FED governor Raskin’s speech was released: http://www.federalreserve.gov/newsevents/speech/raskin20120723a.htm. Overnight the Asian markets lost 0.4%. European markets opened higher but lost 0.7%. US index futures were lower overnight. This morning FED chairman Bernanke’s speech … Continue reading

Posted in Updates | Tagged , , , | 71 Comments