Monthly Archives: May 2011

tuesday update

SHORT TERM: market rebound extends, DOW +128 Overnight all the Asian markets were higher. The last time that occurred was April 21st. Europe opened higher and closed +1.35%. US index futures were much higher overnight. At 9:00 Case-Shiller reported the … Continue reading

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monday holiday update

SHORT TERM: US markets closed, YM +4 Overnight Asian markets were mostly lower. Europe opened higher but closed flat. US index futures were relatively flat overnight with ES +0.50 and NQ +0.50. Markets were fairly quiet worldwide. Bonds gained 5 … Continue reading

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weekend update

REVIEW Another choppy week in the US stock market that led to the fourth consecutive, albeit small, weekly loss. On the economic front positive reports outpaced negatives 8:5. On the negative side: durable goods orders, pending homes sales, the M1-multiplier, … Continue reading

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friday update

SHORT TERM: market rebound continues, DOW +39 Overnight the Asian markets were mixed. Europe opened higher and closed +0.80%. US index futures were higher overnight. At 8:30 Personal income was reported positive: +0.4% vs +0.5%, as was Personal spending: +0.4% … Continue reading

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thursday update

SHORT TERM: stock rebound strengthens, DOW +8 Overnight the Asian markets were mostly higher. Europe opened higher but closed mixed. US index futures were higher overnight. At 8:30 Q1 GDP was reported unchanged: +1.8% vs +1.8%, but weekly Jobless claims … Continue reading

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