Monthly Archives: May 2009

holiday update

SHORT TERM: US markets closed Overnight the Asian markets were mostly higher. Europe opened lower but closed +0.2%. US index futures vacillated positive and negative for most of the night and closed this morning +5.25. Bonds were flat and Crude … Continue reading

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weekend update

REVIEW Great election news for India resulted in one of the biggest daily gains in Sensex history: +17% on monday. The news helped markets worldwide rally into midweek. The markets, however, ended about unchanged on the week. The SPX/DOW were … Continue reading

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friday update

SHORT TERM: market rally fades in pre-holiday trading, DOW -15 Overnight most of the Asian markets were lower. Europe opened higher and closed +0.40%. US index futures were flat to higher overnight, and at the open the SPX traded to … Continue reading

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thursday update

SHORT TERM: market pullback continues, DOW -130 Overnight the Asian markets were all lower. Europe opened lower and closed -2.70%. US index futures were lower overnight and at 8:30 the weekly Jobless claims were reported at 631K v 643K. At … Continue reading

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wednesday update

SHORT TERM: market rally fades after FED Reg D announcement, Dow -53 Overnight the Asian markets were mixed and Europe closed mixed. US index futures were higher overnight and gapped up at the open just prior to the Treasury secretary Geithner’s … Continue reading

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