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

monday update

SHORT TERM: market gaps down, DOW -101 Overnight the Asian markets lost 2.2%. European markets opened lower and dropped 1.7%. US index futures were significantly lower overnight as well. At the open the market gapped down to SPX 1348 and … Continue reading

Posted in Updates | Tagged , , , | 81 Comments

weekend update

REVIEW Another interesting week. The market started the week by heading lower into early tuesday. Then rallied to new uptrend highs on thursday before pulling back on friday’s Opex. Spain’s IBEX dropped 5.6% on friday, assisting the SPX pullback, as their 10YR … Continue reading

Posted in weekend update | Tagged , , , | 63 Comments

friday update

SHORT TERM: gap down opening pullback, DOW -121 Overnight the Asian markets lost 0.6%. European markets opened lower and dropped 1.7%. US index futures were lower overnight as well. The market gapped down at the open to SPX 1371, and … Continue reading

Posted in Updates | Tagged , , , | 26 Comments