Monthly Archives: January 2010

monday update

SHORT TERM: market rebounds, DOW +24 Overnight all the Asian markets were lower. Europe opened lower and closed -1.25%. US index futures were higher overnight and the SPX gapped up to 1099 at the open. It had closed at SPX … Continue reading

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weekend update

REVIEW What a short trading week! The uptrend made its absolute high near tuesday’s close at SPX 1050. Then in just three days it dropped over 5% to confirm a new downtrend. This was one of the fastest peak price to downtrend … Continue reading

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friday update

SHORT TERM: selling continues SPX/DOW in confirmed downtrends, DOW -217 Overnight all the Asian markets were lower. Europe opened lower and closed -0.75%. US index futures were lower overnight, and the market opened slightly lower to SPX 1114. In the first … Continue reading

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thursday update

SHORT TERM: volatility continues market lower, DOW -219 Overnight the Asian markets were mixed. Europe opened higher, but closed -1.70%. US index futures were choppy overnight, and at 8:30 the weekly Jobless claims jumped: 482K v 442K. The market opened … Continue reading

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wednesday update

SHORT TERM: market reverses yesterday’s rally as USD continues to rally, DOW -122 Overnight the Asian markets were mostly lower. Europe opened lower and closed -1.90%. US index futures were lower overnight as well. At the 8:30 the PPI was … Continue reading

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