Monthly Archives: March 2010

tuesday update

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

Posted in Uncategorized | 80 Comments

monday update

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

Posted in Uncategorized | 83 Comments

weekend update

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

Posted in Uncategorized | 100 Comments

friday update

SHORT TERM: Options expiration day pullback, DOW -37 Overnight all of the Asian markets were higher. Europe opened higher but closed mixed. Last night FED governor Tarullo gave a speech near IBM headquarters: http://www.federalreserve.gov/newsevents/speech/tarullo20100318a.htm. US index futures were higher overnight and … Continue reading

Posted in Uncategorized | 15 Comments

thursday update

SHORT TERM: consolidation day in the SPX, DOW +46 Overnight the Asian markets were mixed. Europe opened lower and closed -0.10%. US index futures were lower overnight. At 8:30 the weekly Jobless claims were lower: 457K v 462K, the CPI … Continue reading

Posted in Uncategorized | 73 Comments

wednesday update

SHORT TERM: uptrend hit SPX 1170, DOW +48 Overnight all the Asian markets were higher. Europe opened higher and closed +0.65%. US index futres were higher overnight, and at 8:30 the PPI was reported negative (?): -0.6% v +1.4%. At … Continue reading

Posted in Uncategorized | 69 Comments

tuesday update

SHORT TERM: FED stays the course, DOW +44 Overnight the Asian markets were mixed. Europe opened higher and closed +0.80%. US index futures were higher overnight. At 8:30 Housing starts were reported lower: 575K v 611K, and Import prices were … Continue reading

Posted in Uncategorized | 100 Comments