Monthly Archives: February 2009

REVIEW The week ended with the SPX/DOW at levels not seen since early 1997. While the NDX/NAZ held above their 2002 lows, which were also at 1997 levels. Economic reports continued to worsen. Case-Shiller reported housing prices -18.5% for 2008, Consumer … Continue reading →

SHORT TERM: DOW nears 7,000 after poor Q4 GDP report, DOW -119 Overnight the Asian markets were mostly lower. Europe opened lower and closed -2.35%. US index futures were quiet overnight, but sold off after the Gov’t announced that it was … Continue reading →

SHORT TERM: rally fades on weak economic reports, DOW -89 Overnight the Asian markets were mixed. Europe opened higher and closed +2.10%. US index futures were higher overnight. At 8:30 the weekly Unemployment claims hit 667K v 631K, and Durable … Continue reading →

SHORT TERM: roller coaster day as FED/Treasury announce CAP bank program, DOW -80 Overnight the Asian markets were mostly higher. Europe opened higher but closed mixed. US index futures were flat overnight, the SPX opened at 771 and then headed lower. … Continue reading →

SHORT TERM: market rallies from oversold levels, DOW +236 Overnight the Asian markets were all lower. Europe opened lower and closed -0.95%. US index futures traded higher overnight, and at 9:00 Case-Shiller reported housing prices were dropping at a rate/year … Continue reading →