Monthly Archives: March 2010

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 →

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 →

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 →

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 →

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 →