Monthly Archives: July 2010

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 →

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 →

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 →

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 →

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 →