Monthly Archives: May 2010

SHORT TERM: US markets closed for the Memorial Day holiday On sunday night FED chairman Bernanke’s speech was released: http://www.federalreserve.gov/newsevents/speech/bernanke20100530a.htm. Overnight the Asian markets ended mixed. Europe opened higher and closed +0.30%. US index futures traded higher overnight: ES +2, … Continue reading →

REVIEW Despite a new downtrend low on tuesday at SPX 1041. markets worldwide had a mostly positive week. US economic reports were generally positive as well. Existing/new homes sales rose, as did consumer sentiment/confidence. Durable goods orders rose, along with … Continue reading →

SHORT TERM: market settles lower before three day weekend, DOW -122 Overnight the Asian markets were mostly higher. Europe opened higher but closed mixed. US index futures were generally flat overnight, and at 8:30 Personal income was reported positive +0.4% v … Continue reading →

SHORT TERM: overnight buying drives market higher, DOW +285 Overnight all the Asian markets were higher. Europe opened higher and closed +3.10%. US index futures were sharply higher overnight as well. At 8:30 weekly Jobless claims were announced improving: 460K … Continue reading →

SHORT TERM: yesterday’s SPX 1041 reversal hits SPX 1091 today, DOW -69 Overnight all the Asian markets were higher. Europe opened higher and closed +1.75%. US index futres were higher overnight as well. Last night FED chairman Bernanke’s speech in … Continue reading →