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 →

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 →

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 →