Monthly Archives: April 2010

weekend update

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

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friday update

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

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thursday update

SHORT TERM: overnight selling pressures US market, DOW +9 Overnight most of the Asian markets were lower. Europe opened lower and closed -1.0%. US index futures started declining overnight right after Europe opened. At 8:30 the weekly Jobless claims improved: … Continue reading

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wednesday update

SHORT TERM: AAPL rallies – market consolidates, DOW +8 Overnight the Asian markets were mostly higher. Europe opened higher but closed -0.80%. US index futures were higher overnight and the market opened just slightly higher at SPX 1208. By 10:00 … Continue reading

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tuesday update

SHORT TERM: market fully retraces SEC v. GS decline, DOW +25 After yesterday’s close FED governor Duke’s speech was released: http://www.federalreserve.gov/newsevents/speech/duke20100419a.htm. Overnight the Asian markets started lower but improved to mixed. Europe opened higher and closed +1.30%. US index futures were higher … Continue reading

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