Monthly Archives: October 2008

weekend update

REVIEW The week started off with the market trying to add to last week’s gains. But on monday and tuesday the SPX again had trouble breaking through the 990 pivot and the rally fizzled. For the week the SPX/DOW was … Continue reading

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friday update

SHORT TERM: limit down early – market rebounds, DOW -312 Overnight the Asian markets were substantially lower, Europe opened lower and closed down 5.00%. US index futures were limit down (60 SPX points) overnight. At 6:00 AM OPEC announced they were … Continue reading

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thursday update

SHORT TERM: another volatile day, DOW +172 Overnight all the Asian markets were lower, but Europe opened higher and closed mixed. US index futures were higher overnight, and at 8:30 the weekly unemployment numbers were up 15K to 478K. This … Continue reading

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wednesday update

SHORT TERM: SPX 912 pivot fails to hold support, DOW -514 Overnight the Asian markets were all substantially lower, Europe opened lower and closed down 4.45%. US index futures remained under selling pressure throughout the night, and the market gapped … Continue reading

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tuesday update

SHORT TERM: market pulls back after yesterday’s rally, DOW -232 Overnight the Asian markets were mixed, Europe opened higher but closed -1.95%. US index futures were lower overnight, and at 9:00 the FED announced the creation of a new alphabet … Continue reading

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