Monthly Archives: February 2008

weekend update

REVIEW: This holiday shortened week only resulted in a continuation of the trading range established the previous week. The economic reports continued neutral to mildly negative, with the usual intermittent rumors. For the week the results display the market’s non-committment: … Continue reading

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friday update

SHORT TERM: market opens higher, trades lower, then spikes up, DOW +97 Overnight the Asian markets were all lower, but Europe came in mixed, then closed -1.10%. US stocks lacking any economic news opened a bit higher to 1348, but immediately began to head … Continue reading

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thursday update

SHORT TERM: market gaps up then sells off, DOW -143 Overnight the Asian markets were all higher except China’s SSEC. Europe came in higher as well, +1.6%, but closed +0.35%. At 8:30 jobless claims were reported in line with expectations … Continue reading

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wednesday update

SHORT TERM: market gaps down but then rallies, DOW +90 Overnight all the Asian markets were lower, and Europe came in down 1.5%. If you’re getting the sensation that today was the exact opposite of yesterday, you are correct. Yesterday … Continue reading

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tuesday update

SHORT TERM: stocks rally early then fade late, DOW -11 Overnight all the Asian markets were higher, and Europe came in about 0.80% higher as well. US index futures held yesterday’s holiday trading gains overnight forcing an upside gap at the … Continue reading

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monday update – weekend summary

SHORT TERM: US markets closed for President’s day Overnight the Asian markets were mostly lower with only China and Japan displaying gains. Europe came in higher as the BOE announced plans to nationalize troubled North Rock, and Qatar reported that … Continue reading

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friday update

SHORT TERM: market continues to slip lower, DOW -29 Overnight the Asian markets were mixed, Europe came in down about 1%, and closed down 1.7%. The US markets were slightly lower overnight, and turned even lower after this morning’s lackluster … Continue reading

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