Monthly Archives: March 2009

tuesday update

SHORT TERM: market pulls back after yesterday’s gains, DOW -116 Overnight all of the Asian markets were higher. Europe opened higher but closed mixed. After yesterday’s close the FED/Treasury released the following announcement: http://www.federalreserve.gov/newsevents/press/monetary/20090323b.htm. US index futures were lower overnight and just before … Continue reading

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monday update

SHORT TERM: market surges on bank bailout plan 4.0, DOW +497 Overnight the Asian markets were all higher on rumors of the US Treasury bailout plan. Europe opened higher and closed +2.75%. US index futures were higher overnight and continued … Continue reading

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weekend update

REVIEW On wednesday the FED rattled the markets with their announcement of a plan to monetize $1.25 trln in debt. Stocks, Bonds, Crude and Gold soared, while the USD sold off. On thursday and friday the markets stabilized. In the past twelve … Continue reading

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friday update

SHORT TERM: market pullback continues on options expiration friday, DOW -122 Overnight the Asian markets were mostly lower. Europe opened lower but closed +0.65%. US index futures were lower overnight but rallied along with Europe heading into the open. Nearing … Continue reading

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thursday update

SHORT TERM: market pulls back after yesterday’s FED surge, DOW -86 Overnight the Asian markets were mostly higher. Europe opened higher and closed +0.75%. US index futures were lower but edged higher after the weekly Jobless claims were reported at … Continue reading

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wednesday update

SHORT TERM: market spikes after FED expands monetization program, DOW +91 Overnight the Asian markets were mostly higher. Europe opened higher but closed mixed. US index futures were lower overnight, then at 8:30 the CPI was reported +0.4% v +0.3%, and … Continue reading

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tuesday update

SHORT TERM: housing starts reportedly +22% and market rallies, DOW +179 Overnight the Asian markets were mixed. Europe opened lower and closed -0.90%. US index futures were mixed overnight and at 8:30 the PPI was reported +0.1% v +0.8%, and Housing … Continue reading

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