Monthly Archives: March 2010

SHORT TERM: uptrend makes new highs then pulls back, DOW +5 Last night FED vice chairman Kohn gave a speech in N. Carolina: http://www.federalreserve.gov/newsevents/speech/kohn20100324a.htm. Overnight the Asian markets were mixed. Europe opened higher and closed +1.20%. US index futures were … Continue reading →

SHORT TERM: market consolidates after rally, DOW -53 After the close yesterday the FED released today’s Congressional testimony by FED director Braunstein: http://www.federalreserve.gov/newsevents/testimony/37519B46AB684C1F91B30089062203E1.htm. They have been pre-releasing FED/government testimony for a couple of weeks now. It must be a new policy. Overnight the … Continue reading →

SHORT TERM: uptrend resumes with new highs, DOW +103 Overnight the Asian markets were mixed. Europe opened higher and closed +0.50%. US index futures were relatively flat overnight and the market opened a bit higher. The market vacillated around unchanged, trading between 1164 … Continue reading →

SHORT TERM: market holds support and rallies, DOW +44 On sunday night the the US Congress passed their national health care plan. Overnight the Asian markets were mostly lower. Europe opened lower but closed mixed. US index futures were lower … Continue reading →

REVIEW The market began the week by extending its consecutive days of new uptrend highs to nine by wednesday. Then gave way to its largest pullback in three weeks on thursday and friday. For the week the SPX/DOW were +1.0%, … Continue reading →