Monthly Archives: August 2009

SHORT TERM: FED chairman Bernanke to be reappointed, DOW +30 Overnight the Asian markets were mostly lower. Europe opened lower but closed +0.55%. US index futures were higher overnight and at 9:00 the FED chairman made the following statement: http://www.federalreserve.gov/newsevents/press/other/20090825a.htm. … Continue reading →

SHORT TERM: rally fades after early gains, DOW +3 Overnight all the Asian markets were substantially higher. Europe opened higher and closed +0.95%. US index futures were higher as well and the market opened the week at SPX 1029. The move … Continue reading →

REVIEW A good week for western markets, a not so good week for eastern markets. The SPX/DOW gained 2.1% for the week, the NDX/NAZ +1.7%. Europe was +2.9%, Commodity Equity markets were mixed, but all five Asian markets we follow were lower: … Continue reading →

SHORT TERM: rally continues to new uptrend highs, DOW +156 Overnight the Asian markets were mixed. Europe opened lower but closed +2.45%. US index futures were higher overnight and the market gapped up at the open to SPX 1012. The SPX closed … Continue reading →

SHORT TERM: market rally continues, DOW +71 Overnight all the Asian markets were higher. Europe opened higher and closed +1.50%. US index futures were higher overnight and then got volatile before the open. At 8:30 the weekly Jobless claims rose … Continue reading →