Monthly Archives: October 2009

monday update

SHORT TERM: market reverses morning rally, DOW -104 Overnight the Asian markets were mixed. Europe opened higher but closed -1.35%. US index futures were flat overnight and at the open the SPX ticked up to 1081 and started to rally. … Continue reading

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weekend update

REVIEW After a good start to the notorious month of October markets worldwide stumbled a bit this week. The SPX/DOW were -0.45%, and the NDX/NAZ were mixed. Asian markets rose 1.0%, Europe finished mixed, as did the Commodity equity markets. … Continue reading

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friday update

SHORT TERM: SPX fails to break through the OEW pivot, DOW -109 Overnight all the Asian markets were higher. Europe opened higher but closed mixed. US index futures were higher overnight, and before the open FED chairman Bernanke’s speech was … Continue reading

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thursday update

SHORT TERM: market rebounds after early selling, DOW +132 Overnight all the Asian markets were lower. Europe opened lower and closed -1.10%. US index futures were lower overnight, and at 8:30 the weekly Jobless claims were reported: 531k v 520k. … Continue reading

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wednesday update

SHORT TERM: uptrend makes new high then market reverses, DOW -92 Overnight the Asian markets were mostly lower. Europe opened higher and closed +0.35%. Last night the FED made the following press release: http://www.federalreserve.gov/newsevents/press/other/20091020a.htm. What’s good for the presidents working … Continue reading

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