Monthly Archives: June 2009

SHORT TERM: market slides after economic reports, DOW -82 Overnight the Asian markets were again mixed. Europe opened higher but closed -1.3%. US index futures were relatively flat overnight, and at 9:00 Case-Shiller reported housing prices -0.6% month over month, … Continue reading →

SHORT TERM: morning rally holds, DOW +91 Overnight the Asian markets were mixed. Europe opened higher and closed +1.80%. US index futures were higher overnight but retraced those gains heading into the open. At the open the SPX hit 921 and then pulled back to … Continue reading →

REVIEW Economic reports for the week were generally inline with expectations. Existing homes sales were higher, new home sales lower, and home prices continued to decline. Durable goods orders continued to rise, and the final revision to Q1 GDP was … Continue reading →

SHORT TERM: quiet day with tight trading range, DOW -34 Overnight the Asian markets were all higher. Europe opened higher but closed -0.4%. US index futures were lower overnight, and at 8:30 Personal income was reported higher +1.4% v +0.4%, … Continue reading →

SHORT TERM: market surges after USD declines, DOW +173 Overnight the Asian markets were mostly higher. Europe opened lower and closed -0.70%. US index futures were higher overnight but pulled back when the weekly jobless claims were reported at 627K v … Continue reading →