Monthly Archives: October 2011

tuesday update

SHORT TERM: market pulls back, DOW -207 Overnight the Asian markets were mixed. Europe opened lower and closed -0.30%. US index futures were higher, then lower, overnight. At 9:00 Case-Shiller reported a 0.2% increase in housing prices. The market opened … Continue reading

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monday update

SHORT TERM: market rallies right into resistance, DOW +105 Overnight the Asian markets were all higher. Europe opened higher and closed +1.25%. US index futures were marginally higher overnight, and the market opened a couple of points higher at SPX … Continue reading

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weekend update

REVIEW The US markets had a choppy week, bouncing between SPX 1191/1197 and 1233/1239, but finished near the high for the week at 1238. World markets were mixed to lower. Economics reports for the week were mixed as well. On … Continue reading

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friday update

SHORT TERM: market rallies on European optimism, DOW +267 Last night FED governor Tarullo gave the following speech: http://www.federalreserve.gov/newsevents/speech/tarullo20111020a.htm. He suggests the FED begin a monetized MBS purchase program to help the housing industry. Overnight the Asian markets were mostly lower. … Continue reading

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thursday update

SHORT TERM: choppy session, DOW +37 Overnight the Asian markets were all lower. Europe opened lower and closed -1.85%. US index futures were higher overnight. At 8:30 weekly Jobless claims were reported relatively flat: 403K vs 404K. The market opened … Continue reading

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