Monthly Archives: May 2011

wednesday update

SHORT TERM: today’s market rebound somewhat more successful, DOW +38 Overnight the Asian markets were mostly lower. Europe opened lower but closed +0.25%. US index futures were lower overnight, and at 8:30 Durable goods orders were reported lower: -3.6% vs … Continue reading

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tuesday update

SHORT TERM: market tries to rebound, DOW -25 Overnight the Asian markets were mixed. Europe opened higher and closed +0.40%. US index futures were higher overnight as well. At 8:30 FED governor Duke’s speech was released: http://www.federalreserve.gov/newsevents/speech/duke20110524a.htm. The market opened … Continue reading

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monday update

SHORT TERM: gap down opening to start week, DOW -131 Overnight the Asian markets were all lower. Europe opened lower and closed -1.95%. US index futures were lower overnight as well. At the open the market gapped down to SPX … Continue reading

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weekend update

REVIEW Another choppy week that ends in the red for the third time this month. Economic reports were definitely on the negative side outnumbering positives by 9:2. On the positive side the weekly Jobless claims improved and the Monetary base … Continue reading

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friday update

SHORT TERM: volatile Options expiration, DOW -93 Overnight the Asian markets were mixed. Europe opened higher but closed -0.70%. US index futures were lower overnight and the market opened lower at SPX 1342. The SPX had closed at 1344 yesterday. … Continue reading

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