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Monthly Archives: July 2010
weekend update
REVIEW Friday not only ended the week but also the month, and a good month it was. While July started off the month by making new downtrend lows in the first few days. It ended the month with the best … Continue reading
Posted in Uncategorized
66 Comments
friday update
SHORT TERM: pullback continues on gap down opening, DOW -1 Overnight all the Asian markets were lower. Europe opened lower but closed mixed. US index futures were lower overnight, and at 8:30 Q2 GDP was reported +2.4% v +3.7%. The … Continue reading
Posted in Uncategorized
8 Comments
thursday update
SHORT TERM: gap up opening faded, DOW -31 Overnight the Asian markets were mixed. Europe opened higher but closed -0.40%. US index futures were higher overnight, and at 8:30 the weekly Jobless claims showed a slight improvement: 457k v 464k. … Continue reading
Posted in Uncategorized
42 Comments
wednesday update
SHORT TERM: consolidation/pullback continues, DOW -40 Overnight the Asian markets were mostly higher. Europe opened higher but closed -0.65%. US index futures were relatively flat overnight, and at 8:30 Durable goods orders were reported lower: -1.0% v -0.6%. The market … Continue reading
Posted in Uncategorized
30 Comments
tuesday update
SHORT TERM: market consolidates after recent rally, DOW +12 Overnight the Asian markets were mixed. Europe opened higher and closed +0.25%. US index futures were higher overnight, and at 9:00 the Case-Shiller index was reported rising: +4.6% v +3.8%. The … Continue reading
Posted in Uncategorized
59 Comments
monday update
SHORT TERM: DOW confirms an uptrend as rally continues, DOW +101 Overnight the Asian markets were mostly higher. Europe opened higher and closed +0.60%. US index futures were relatively flat overnight. At the open the market was relatively unchanged hitting … Continue reading
Posted in Uncategorized
33 Comments
weekend update
REVIEW The market had another strong week while economic indicators continue to erode. First the economic front. While economic reports were sparse this week they were mostly heading in the wrong direction. Weekly jobless claims rose, the monthly BEA leading indicators … Continue reading
Posted in Uncategorized
41 Comments