Monthly Archives: July 2008

SHORT TERM: financials remain weak, but market stabilizes, DOW +21 Overnight the Asian markets were all lower, Europe opened lower and finished -0.10%. At 8:30 June durable goods orders were reported +0.8%, the largest increase since February. The market opened … Continue reading →

SHORT TERM: financials drive the market lower, DOW -283 Overnight the Asian markets were mostly higher, but Europe opened lower and closed -1.50%. US index futures traded flat overnight, and at 8:30 the weekly unemployment report rose to 406K, its … Continue reading →

SHORT TERM: market rally continues as Crude slides further, DOW +30 Overnight the Asian markets were mostly higher, and Europe gained 1.5%. US index futures held steady overnight and into the open when the SPX made its low for the … Continue reading →

SHORT TERM: market rally resumes, DOW +135 Overnight the Asian markets were mostly higher, and Europe closed mixed. US index futures were lower overnight after disappointing earnings reports after the close yesterday. As a result the SPX gapped down at … Continue reading →

SHORT TERM: market oscillates around the 1261 pivot all day, DOW -29 Overnight the Asian markets were all higher, and Europe closed +0.60%. US index futures were quiet overnight but rallied into the open as Crude sold off from a … Continue reading →