Monthly Archives: June 2011

wednesday update

SHORT TERM: market gaps down, consolidates, then DOW -80 Overnight the Asian markets were mostly higher. Europe opened lower and closed -0.05%. US index futures were lower overnight and the market gapped down at the open to SPX 1290. The … Continue reading

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tuesday update

SHORT TERM: market rallies strongly, DOW +110 Overnight the Asian markets were all higher. This is the first time this has occurred all month. Europe opened higher and closed +1.65%. US index futures were higher overnight as well. The market gapped up … Continue reading

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monday update

SHORT TERM: market rebounds after several divergences, DOW +76 Overnight the Asian markets were mostly lower. Europe opened lower and closed -0.30%. US index futures were lower overnight, and the market opened lower at SPX 1268. The SPX had closed … Continue reading

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weekend update

REVIEW A volatile week in the US which ended about where it started: SPX/DOW +0.2%. On the economic front positive reports edged out negative ones 9:8. On the positive side: the PPI/CPI remained positive, along with business inventories and industrial … Continue reading

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friday update

SHORT TERM: another gap up day fails, DOW +43 Overnight the Asian markets were mostly lower. Europe opened lower but closed +0.65%. US index futures were much higher overnight and the market gapped up at the open to SPX 1276. … Continue reading

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thursday update

SHORT TERM: SPX posts new downtrend low, DOW +64 After the close FED governor Tarullo Congressional testimony was released: http://www.federalreserve.gov/newsevents/testimony/tarullo20110616a.htm. Overnight Asian markets were all lower. Europe opened lower and closed -0.40%. US index futures were also lower overnight. At 8:30 weekly … Continue reading

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wednesday update

SHORT TERM: gap down reversal day, DOW -179 Overnight the Asian markets were mostly lower. Europe opened lower and closed -1.15%. US index futures were lower overnight as well. At 8:30 the CPI was reported positive: +0.2% vs +0.4%, but the … Continue reading

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