Monthly Archives: August 2008

monday update

SHORT TERM: market starts week to the downside, DOW -242 Overnight all the Asian markets were higher, and Europe opened higher but closed -0.70%. At the open the US market gapped down to 1285, from fridays close at SPX 1292, … Continue reading

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weekend update

REVIEW After a volatile week in the Crude market, a reported PPI inflation rate nearing 10%, and GSE’s FNM/FRE making new bear market lows, the market managed to hold its own. For the week the SPX/DOW were -0.4%, and the … Continue reading

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friday update

SHORT TERM: Crude sells off on word of Russian pullback, DOW +198 Overnight the Asian markets were mixed, but Europe opened higher and closed +2.20%. Stocks opened slightly higher then rallied to 1293, the high for the day, by 10:30. … Continue reading

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thursday update

SHORT TERM: Crude oil rallies market closes mixed, DOW +12 Overnight all the Asian markets were lower, and Europe opened lower then closing -0.65%. US index futures were pressured overnight, then at 8:30 the weekly unemployment claims were reported to have improved … Continue reading

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wednesday update

SHORT TERM: market closes higher while FNM/FRE melt down, DOW +69 Overnight the Asian markets were mostly higher, and Europe opened higher while closing +0.75%. Stocks opened slightly higher to 1270, but quickly sold off to the 1261 pivot by 10:00. That … Continue reading

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