Monthly Archives: July 2009

weekend update

REVIEW The market rally slowed down from a week ago, but still a good week. SPX/DOW gained 4.1%, and the NDX/NAZ added 4.7%. Asian markets were +5.0%, European markets gained 4.7%, and the Commodity equity markets were +3.9%. Bonds were flat, … Continue reading

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friday update

SHORT TERM: Nasdaq win streak ends, DOW +24 Overnight all the Asian markets were higher. Europe opened lower but closed mixed. US index futures were lower overnight and the market opened lower at SPX 971. The market bounced a few … Continue reading

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thursday update

SHORT TERM: SPX breaks through 961 pivot, rally continues, DOW +188 Overnight the Asian markets were all higher. Europe opened lower but closed +2.00%. US index futures were higher overnight and at 8:30 the weekly Jobless claims were reported at … Continue reading

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wednesday update

SHORT TERM: SPX challenges 961 pivot, then market closes lower, DOW -35 Overnight the Asian markets were mixed. Europe opened lower but closed +0.30%. US index futures were lower overnight, and the SPX gapped down to 948 at the open, that was the … Continue reading

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tuesday update

SHORT TERM: markets consolidate after recent gains, DOW +68 After the close yesterday TARP overseer estimates bank bailout could costs $23.7 tln: http://www.marketwatch.com/story/us-financial-rescue-tab-pegged-at-24-trillion?siteid=nbsh. This amazing estimate is equivalent to the annual US GDP ($14.5 tln) plus the total value of all the home … Continue reading

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