Category Archives: Updates

SHORT TERM: after new high a large pullback, DOW -80 Overnight the Asian markets gained 0.3%. European markets opened lower, but gained 0.5%. US index futures were higher overnight. The market opened two points above Tuesday’s SPX 1669 close, and continued … Continue reading →

SHORT TERM: new highs again, DOW +52 Overnight the Asian markets lost 0.3%. Europe opened lower but gained 0.3%. US index futures were lower overnight, but the market opened two points above yesterday’s SPX 1666 close. By 10:00 the SPX … Continue reading →

SHORT TERM: OEW 1680 pivot range reached, DOW -19 Saturday FED chairman Bernanke gave the following speech: http://www.federalreserve.gov/newsevents/speech/bernanke20130518a.htm. Overnight Asian markets gained 1.0%. Europe opened higher and gained 0.7%. US index futures were relatively flat overnight, and the market opened one … Continue reading →

SHORT TERM: consolidation continues, DOW +121 Overnight the Asian markets gained 0.4%. Europe opened lower but gained 0.5%. US index futures were higher overnight, and the market gapped up at the open to SPX 1656. The market had closed at … Continue reading →

SHORT TERM: consolidation day, DOW -42 Overnight the Asian markets closed mixed. Europe opened higher but closed mixed as well. US index futures were lower overnight. At 8:30 weekly Jobless claims were reported higher: 360K vs. 323K, the CPI lower: -0.4% … Continue reading →

SHORT TERM: new highs then a pullback, DOW +60 Overnight the Asian markets gained 1.8%. European markets opened lower but gained 0.3%. US index futures were lower overnight. At 8:30 the PPI was reported lower: -0.7% vs. -0.6%, as was … Continue reading →

SHORT TERM: uptrend extends further, DOW +124 Overnight the Asian markets lost 0.1%. Europe opened lower but gained 0.7%. US index futures were lower overnight, and at 8:30 both Export (-0.5% vs. -0.2%) and Import (-0.2% vs. -0.2%) prices were reported lower. … Continue reading →

SHORT TERM: market ekes out new high, DOW -27 Overnight the Asian markets lost 0.8%. Europe opened lower but ended mixed. US index futures were lower overnight, and at 8:30 Retail sales were reported higher: +0.1% vs. -0.4%. The market … Continue reading →

SHORT TERM: choppy day after yesterday’s high, DOW +36 Overnight the Asian markets gained 1.4%, mostly Japan. European markets opened higher and gained 0.4%. US index futures were higher overnight, and the market opened at SPX 1628, one point above yesterday’s … Continue reading →

SHORT TERM: rally finds a weakness, DOW -23 Overnight the Asian markets lost 0.3%. European markets opened lower and lost 0.1%. US index futures were lower overnight, and at 8:30 weekly Jobless claims were reported lower: 323K vs. 324K. The … Continue reading →