Monthly Archives: May 2008

SHORT TERM: US market closed Overnight the Asian markets were all lower, but the DAX managed to gain 0.20% while the FTSE was closed. US index futures traded slightly higher, Bonds were off a few ticks, and Crude gained about … Continue reading →

REVIEW: After two months of good gains and small pullbacks, the market had its largest weekly decline since February: SPX/DOW -3.7% and the NDX/NAZ -3.5%. Crude (+4.9%) and commodities (CRB +1.1%) made new highs, the Euro rallied 1.1% and Gold gained 2.9%. … Continue reading →

SHORT TERM: quantity of unsold homes hits 23-year high, market declines, DOW -145 Overnight the Asian markets were mostly lower, with only Japan displaying a small gain. Europe opened lower and closed -1.65%. US index futures started off higher overnight, but lost … Continue reading →

SHORT TERM: market trades in narrow range, DOW +24 Overnight the Asian markets were mostly lower, and Europe closed mixed. US index futures traded higher overnight and turned flat, when the weekly unemployment claims was reported down 9,000. At 9:00 … Continue reading →

SHORT TERM: market stunned by FED’s inflation forecast, DOW -227 Overnight the Asian markets were mostly higher. Europe started the day higher, but ended mixed. US index futures traded higher overnight and the market opened slightly higher at 1416. Then a … Continue reading →