Monthly Archives: May 2008

REVIEW Stocks rally in short 4-day week rebounding from last weeks selloff. For the week the SPX/DOW were +1.6%, and the NDX/NAZ were +3.5%. Crude helped stocks by dropping 3.7% and Gold followed -3.7%, the CRB was -2.1%, Bonds dropped … Continue reading →

SHORT TERM: stocks close mixed in quiet trading, DOW -8 Overnight the Asian markets were mostly higher, with only Australia’s ASX posting a loss. Europe opened higher but closed mixed. US index futures opened slightly higher after the government reported core PCE … Continue reading →

SHORT TERM: Q1 GDP revised upward to +0.9% market rallies, DOW +52 Overnight the Asian markets were mixed, but Europe closed +0.15%. US index futures traded lower overnight but rallied at 8:30 when Q1 GDP was revised upward from +0.6% … Continue reading →

SHORT TERM: April durable goods orders -0.5%, market rallies late, DOW +48 Overnight the Asian markets were mixed, but Europe closed +0.60%. US index futures edged up before the open after the durable goods report at 8:30, and the market … Continue reading →

SHORT TERM: Crude oil drops – market rallies, DOW +69 Overnight the Asian markets were mostly higher, with only India’s BSE displaying a loss. Europe traded higher most of the day and ended mixed. US index futures traded flat for … Continue reading →