Tag Archives: OEW

weekend update

REVIEW What a week! After the SPX dropped 3.1% last week ending at 1906, it started off quiet enough with a push to 1912 by around noon Monday. Then the bottom fell out, as the market dropped, gyrated on Tuesday, then … Continue reading

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friday update

SHORT TERM: gap up and go, DOW +263 Overnight the Asian markets lost 0.2%. Europe opened higher and gained a huge 2.6%. US index futures were much higher overnight. At 8:30 Housing starts were reported higher: 1017k v 956k, Building … Continue reading

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thursday’s update

SHORT TERM: gap down opening then rebound, DOW -25 Overnight the Asian markets lost 1.5%. Europe opened higher and gained 0.2%. US index futures were sharply lower overnight. At 8:30 weekly Jobless claims were lower: 264k v 287k, and at 9:15 … Continue reading

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wednesday update

SHORT TERM: gap down opening then volatility, DOW -173 Overnight the Asian markets actually gained 0.4%. Europe opened lower and lost 3.1%. US index futures were sharply lower overnight. At 8:30 Retail sales were reported lower: -0.3% v +0.6%, the … Continue reading

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tuesday update

SHORT TERM: gap up opening, DOW -6 Overnight the Asian markets lost 1.0%. Europe opened lower but gained 0.2%. US index futures were higher overnight, and the market gapped up to SPX 1883 at the open. The SPX had closed … Continue reading

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monday update

SHORT TERM: correction continues, DOW -223 Overnight the Asian markets gained 0.2%. Europe opened lower but gained 0.2% as well. US index futures were much lower overnight, but recovered as Europe rallied. The market opened three points below Friday’s SPX … Continue reading

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weekend update

REVIEW Another wild and volatile week. The week started off calm enough, for this market, with a continuation rally gap up on Monday as the SPX hit 1978 in the first few minutes. Then the market declined to a slightly … Continue reading

Posted in weekend update | Tagged , , , | 429 Comments