Monthly Archives: April 2010

SHORT TERM: market ends volatile week on the downside, DOW -159 Overnight all the Asian markets were higher. Europe opened higher but closed -0.65%. US index futures were higher overnight and at 8:30 preliminary Q1 GDP was reported +3.2% v +5.6%. … Continue reading →

SHORT TERM: rebound continues, DOW +122 Overnight the Asian markets were mostly lower. Europe opened higher and closed +0.80%. US index futures were higher overnight and at 8:30 weekly Jobless claims were reported improving: 448K v 459K. After the close … Continue reading →

SHORT TERM: market rebounds after short term oversold condition, DOW +53 Overnight all the Asian markets were lower. Europe opened lower and closed -0.75%. US index futures were higher overnight and the market opened higher trading up to SPX 1191 … Continue reading →

SHORT TERM: largest uptrend pullback underway, DOW -213 Overnight the Asian markets were mostly lower. Europe opened lower and closed -2.70%. US index futures were lower overnight, and at 9:00 the Case-Shiller index reported housing prices higher: +0.6% v -0.7%. … Continue reading →

SHORT TERM: quite a mixed market today, DOW +1 Overnight the Asian markets were mostly higher. Europe opened higher and closed +0.85%. US index futures were also higher overnight but the market opened flat at SPX 1217. Within the first … Continue reading →

REVIEW New bull market highs in all four major US indices this week. Economic reports for the week were sparse but mostly positive. Leading indicators rose, along with the PPI and exisiting/new home sales. The weekly jobless claims improved, but … Continue reading →

SHORT TERM: SPX reaches minimum uptrend target, DOW +70 Overnight the Asian markets were mostly lower. Europe opened higher and closed +1.25%. US index futures were higher overnight and at 8:30 Durable goods orders were reported lower: -1.3% v +1.1%. … Continue reading →