Monthly Archives: November 2012

friday update

SHORT TERM: consolidation day, DOW +4 Overnight the Asian markets gained 0.5%. Europe opened lower and lost 0.1%. US index futures were lower, then higher overnight. At 8:30 Personal income was reported flat +0.0% vs +0.4%, Personal spending was reported … Continue reading

Posted in Updates | Tagged , , , | 1 Comment

thursday update

SHORT TERM: gap up opening takes market higher, DOW +37 Overnight the Asian markets gained 1.2%. Europe opened higher and gained 1.2% as well. US index futures were higher overnight. At 8:30 Q3 GDP was revised higher: +2.7% vs +2.0%, … Continue reading

Posted in Updates | Tagged , , , | 33 Comments

wednesday update

SHORT TERM: gap down opening but market recovers, DOW +107 Overnight the Asian markets lost 0.6%. Europe opened lower but gained 0.2%. US index futures were lower overnight, and the market gapped down to SPX 1393 at the open. The … Continue reading

Posted in Updates | Tagged , , , | 56 Comments

tuesday update

SHORT TERM: market pullback continues, DOW -89 Overnight the Asian markets gained 0.6%. Europe opened higher and gained 0.3%. US index futures were relatively flat overnight. At 8:30 Durable goods orders were reported flat: 0.0% vs +9.8%. Then at 9:00 Case-Shiller … Continue reading

Posted in Updates | Tagged , , , | 105 Comments

monday update

SHORT TERM: gap down opening, DOW -42 Overnight Asian markets gained 0.1%. Europe opened lower and lost 0.5%. US index futures were lower overnight, and the market gapped down to SPX 1402 at the open. The SPX has closed at … Continue reading

Posted in Updates | Tagged , , , | 41 Comments

weekend update

REVIEW Last friday’s optimism for a quick resolution to the potential fiscal cliff, continued this week as US equity markets rallied. In fact, US stock market indices had their best week since June. For the week the SPX/DOW were +3.5%, and … Continue reading

Posted in weekend update | Tagged , , , | 99 Comments

friday update

SHORT TERM: gap up rally on black friday enthusiasm, DOW +173 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.8%. US index futures were higher over the holiday, and the market gapped up at the open to … Continue reading

Posted in Updates | Tagged , , , | 21 Comments

holiday update

SHORT TERM: US markets closed, DOW (YM) +34 Overnight the Asian markets gained 0.9%. Europe opened higher and gained 0.7%. US index futures were traded while the foreign markets were open. At the end of the session the SPX (ES) … Continue reading

Posted in Updates | Tagged , , , | 24 Comments

wednesday update

SHORT TERM: market makes new rally high, DOW +48 Overnight the Asian markets gained 1.0%. Europe opened lower, but gained 0.2%. US index futures were flat overnight, and at 8:30 weekly Jobless claims were reported lower: 410K vs 439K. The … Continue reading

Posted in Updates | Tagged , , , | 19 Comments

tuesday update

SHORT TERM: consolidation day, DOW -7 Overnight the Asian markets lost 0.1%. Europe opened lower but gained 0.5%. US index futures were relatively flat overnight, and at 8:30 Housing started were reported higher: 894K vs 872K, but Building permits were … Continue reading

Posted in Updates | Tagged , , , | 68 Comments