Monthly Archives: July 2008

SHORT TERM: GDP report rattles market, DOW -206 Overnight the Asian markets were mostly higher, Europe opened higher but closed mixed. US index futures were relatively higher overnight, but sold off rapidly before the government released the results for Q2, … Continue reading →

SHORT TERM: market rally continues, DOW +186 Overnight the Asian markets were mostly higher, Europe opened higher and closed +1.40%. US index futures were higher overnight, when the SEC reported at 6:30 that the naked short selling ban on Primary’s/GSE’s had been … Continue reading →

SHORT TERM: Crude drops market rallies, DOW +266 Overnight all the Asian markets were lower, Europe opened lower but closed +0.45%. US index futures held steady overnight, despite MER announcing after the close they were selling a $30Bn par value … Continue reading →

SHORT TERM: financials drag down market again, DOW -240 Overnight the Asian markets were mostly higher, but Europe opened lower and closed -1.05%. US index futures traded flat overnight and the market opened relatively unchanged. By 10:00 the SPX had … Continue reading →

REVIEW A relatively quiet week with the market consolidating last weeks gains for the first few days. Then rallying to new rally highs (SPX 1291) on wednesday. Only to pullback in the last two days to end the week -0.2%. … Continue reading →