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Monthly Archives: April 2008
wednesday update
SHORT TERM: FED cuts fed funds 25 bps market ends lower, DOW -12 Overnight the Asian markets were mostly lower, with only China’s SSEC displaying a gain. Europe ended the day mixed as well. Stocks gathered some momentum when the … Continue reading
Posted in Uncategorized
75 Comments
tuesday update
SHORT TERM: another pre-FOMC trading day, DOW -40 Overnight the Asian markets were all higher, but Europe closed -0.30%. At 9:00 Case-Shiller reported that housing prices continued to decline in all 20 cities monitored for the past six months. And, within … Continue reading
Posted in Uncategorized
83 Comments
monday update
SHORT TERM: market makes a new uptrend high then closes mixed, DOW -20 Overnight the Asian markets closed mixed, and Europe closed mixed as well. Despite buying in the US index futures overnight and aided by a little takeover news, the … Continue reading
Posted in Uncategorized
42 Comments
weekend update
REVIEW: A week ago the market surged to 1396 on positive earnings reports amidst negative economic news. This week the market traded between 1370 and 1398, as earnings turned mixed amidst positive economic news. This narrowing range with slightly higher … Continue reading
Posted in Uncategorized
32 Comments
friday update
SHORT TERM: market shrugs off more negative news and closes mixed, DOW +43 Overnight the Asian markets were mixed, and Europe closed out the week with a 0.90% gain. At the open the SPX rallied to 1396, closed yesterday at 1389. … Continue reading
Posted in Uncategorized
39 Comments
thursday update
SHORT TERM: market rallies on positive economic news, DOW +86 Overnight the Asian markets were everywhere, from Australia’s 1% loss to China’s 9% gain. Europe ended mixed as well. At 8:30 the DOL announced that the weekly unemployment claims dropped … Continue reading
Posted in Uncategorized
37 Comments
wednesday update
SHORT TERM: market gains but financial woes continue, DOW +43 Overnight the Asian markets were mostly higher, with only India’s BSE posting a loss. Europe came in lower, but closed out the day +0.95%. US index futures traded higher overnight and … Continue reading
Posted in Uncategorized
34 Comments