Monthly Archives: October 2012

wednesday update

SHORT TERM: US markets open, DOW -11 Yesterday the FED issued the following press release: http://www.federalreserve.gov/newsevents/press/bcreg/20121030a.htm. Overnight the Asian markets gained 0.8%. European markets opened lower and lost 0.8%. US index futures were higher overnight, and the market opened higher … Continue reading

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tuesday update

SHORT TERM: US markets remain closed, DOW (YM) +68 Overnight the Asian markets lost 0.9%. European markets opened higher and closed +1.1%. US index futures declined further overnight, but rebounded into the early morning close: SPX (ES) +8.5 and NDX … Continue reading

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monday update

SHORT TERM: US markets closed, DOW (YM) -60 Overnight the Asian markets gained 0.4%. European markets opened lower and lost 0.2%. US index futures traded lower overnight, and closed early due to Hurricane Sandy. At 8:30 Personal income was reported … Continue reading

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weekend update

REVIEW The market continued to correct this week, as it has for most of October. After starting the week at SPX 1433, it quickly dropped to 1408 by early tuesday morning. Then for the rest of the week the market … Continue reading

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friday update

SHORT TERM: new downtrend low, DOW +4 Overnight the Asian markets lost 1.1%. Europe opened lower, but gained 0.4%. US index futures were lower, and at 8:30 Q3 GDP came in higher than expected: +2.0% vs +1.3%. The market opened … Continue reading

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thursday update

SHORT TERM: gap up opening faded again, DOW +26 Overnight the Asian markets gained 0.5%. European markets opened higher, but lost 0.1%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were reported lower: 369K vs 388K, … Continue reading

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wednesday update

SHORT TERM: gap up opening faded, DOW -25 Overnight the Asian markets lost 0.3%. Europe opened higher and gained 0.4%. US index futures were higher overnight, and the market gapped up at the open to SPX 1418. The SPX had … Continue reading

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tuesday update

SHORT TERM: gap down opening, DOW -243 Overnight the Asian markets lost 0.4%. European markets opened higher, but lost 1.9%. US index futures were sharply lower overnight. As the FED started its two day FOMC meeting the market gapped down … Continue reading

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monday update

SHORT TERM: correction/pullback continues, DOW +2 Overnight the Asian markets gained 0.5%. European markets opened lower and lost 0.5%. US index futures were lower overnight as well. The market opened one point below friday’s SPX 1433 close. In the first … Continue reading

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weekend update

REVIEW Another wild week! After we posted last weekend that the SPX/DOW appeared to be declining in a downtrend. The market promptly rallied, from monday thru thursday, to within 1% of the bull market highs. Then, suddenly, gave all of … Continue reading

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