Monthly Archives: April 2008

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 →

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 →

SHORT TERM: market gaps down and heads lower, DOW -105 Overnight the Asian markets were mixed, Europe came in lower and ended -0.60%. US index futures traded lower overnight, and the market gapped down to SPX 1384 at the opening. At … Continue reading →

SHORT TERM: quiet inside day, market closes mixed, DOW -24 Overnight the Asian markets were all higher following friday’s rally in the US, yet Europe closed -0.40%. US stock index futures were generally higher overnight, but eased back as the … Continue reading →

REVIEW: Despite negative economic news, confirmation by the FED of a weakening economy and a troubled financial sector, stocks soared. The catalyst, earnings in the tech sector, and better than expected earnings, after serious downgrades, in the financial sector. For … Continue reading →