Monthly Archives: October 2010

weekend update

Posted on October 30, 2010 by

REVIEW For the first time in quite a while positive weekly economic reports outweighed negative reports by over three to one. The market responded, before the reports, with a new uptrend high and then went sideways during the reports. On the negative side. … Continue reading →

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friday update

Posted on October 29, 2010 by

SHORT TERM: Q3 GDP +2.0%, DOW +5 Overnight the Asian markets were mostly lower. Europe opened lower but closed mixed. US index futures were lower overnight, and at 8:30 the Q3 GDP was reported higher: +2.0% v  +1.7%. The market … Continue reading →

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thursday update

Posted on October 28, 2010 by

SHORT TERM: consolidation pullback continues, DOW -17 Overnight the Asian markets were mixed. Europe opened higher and closed +0.50%. US index futures were higher overnight, and at 8:30 weekly Jobless claims improved: 434K v 452K. The market gapped up at … Continue reading →

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wednesday update

Posted on October 27, 2010 by

SHORT TERM: market extends pullback, DOW -43 Overnight the Asian markets were mostly lower. Europe opened lower and closed -0.90%. US index futures were lower overnight as well. At 7:00 weekly Mortgage applications were reported higher: +3.2% v -10.5%. At … Continue reading →

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tuesday update

Posted on October 26, 2010 by

SHORT TERM: early pullback ends positive, DOW +5 Overnight all the Asian markets were modestly lower. Europe opened lower and closed -0.60%. US index futures were lower overnight, and at 9:00 Case-Shiller reported a less positive annual gain in housing prices: … Continue reading →

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