Monthly Archives: August 2010

wednesday update

SHORT TERM: pullback makes new low market rebounds, DOW +20 Overnight the Asian markets were all lower. Europe opened lower and closed -0.65%. US index futures were higher, then lower overnight. At 8:30 Durable goods orders were reported higher, but … Continue reading

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tuesday update

SHORT TERM: gap down opening takes market lower, DOW -134 Overnight the Asian markets were mostly lower. Europe opened lower and closed -1.40%. US index futures were lower overnight and the market gapped down at the open to SPX 1059. … Continue reading

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monday update

SHORT TERM: early rally fades, DOW -39 Overnight the Asian markets were mostly lower. Europe opened higher and closed +0.45%. US index futures were higher overnight and the market opened higher at SPX 1075. It has closed at SPX 1072 on … Continue reading

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weekend update

REVIEW The pullback that started about two weeks ago from the uptrend high at SPX 1129, made a low on monday, rallied to SPX 1100 midweek, and then made a lower low on friday. The net result for the week, however, … Continue reading

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friday update

SHORT TERM: pullback continues on Ops-Ex friday, DOW -58 Overnight all the Asian markets were lower. Europe opened higher but closed -0.70%. US index futures were lower overnight, and the market gapped down at the open. Within the first few … Continue reading

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