Monthly Archives: February 2010

monday update

SHORT TERM: quiet day to start the trading week, DOW -19 Overnight the Asian markets were mostly higher. Europe opened higher but closed -0.35%. US index futures were relatively higher overnight, and the market opened a bit higher to SPX … Continue reading

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weekend update

REVIEW This week the FED increased the discount rate for the first time since Jun 06. This may have been in response to the rising inflationary pressures reported this week, and a message to the banks to increase lending after … Continue reading

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friday update

SHORT TERM: market rises despite FED’s discount rate hike, DOW +9 After the market closed yesterday the FED issued the following press release: http://www.federalreserve.gov/newsevents/press/monetary/20100218a.htm. As a result the FED increased the discount rate by 25 bps today. This is the … Continue reading

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thursday update

SHORT TERM: market rally resumes, DOW +84 Overnight the Asian markets were mostly lower. Europe opened lower but closed +0.75%. Europe is now up 8 of the last 9 days. US index futures were relatively flat overnight. At 8:30 the weekly Jobless claims were … Continue reading

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wednesday update

SHORT TERM: market consolidates after yesterday’s rally, DOW +40 Overnight all the Asian markets were substantially higher. Europe opened higher and closed +0.80%. US index futures were higher overnight. At 8:30 Housing starts were reported higher: 591K v 575K, and … Continue reading

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