Monthly Archives: January 2009

SHORT TERM: market rallies late and closes higher, DOW +12 Overnight the Asian markets were all lower. Europe opened higher but closed -1.65%. US index futures were stable overnight and at 8:30 several economic reported were released. The weekly Jobs numbers were … Continue reading →

SHORT TERM: market slide continues as financials drop again, DOW -248 Overnight all the Asian markets were higher. Europe opened higher, but closed -4.80% after BCS and HBC reported to be in need of capital. US index futures were at … Continue reading →

SHORT TERM: market ends mixed as financials stabilize, DOW -25 Overnight the Asian markets were all lower. Europe opened lower and closed -1.20%. At 8:30 FED chairman Bernanke’s speech was released: http://www.federalreserve.gov/newsevents/speech/bernanke20090113a.htm. Then at 8:30 the Trade deficit was reported … Continue reading →

SHORT TERM: financials drag market lower, DOW -125 Overnight the Asian markets were all lower. Europe opened lower and closed -0.90%. US index futures were relatively flat overnight and the market opened unchanged at SPX 890. However, that was the … Continue reading →

REVIEW The market ended lower this week after many traders returned from the year end holidays. The economic reports for the week continued to display a weakening economy, and most were in line with expectations. On friday the Labor Dept. reported that … Continue reading →