Monthly Archives: November 2011

SHORT TERM: positive news gap up opening, DOW +490 Overnight Europe finalized its EFSF program: http://www.efsf.europa.eu/mediacentre/news/2011/2011-015-maximising-efsfs-capacity-approved.htm. Asian markets were slightly lower losing 0.1%, and Europe opened lower. Then this AM China lowered its bank reserve requirements: http://www.marketwatch.com/story/us-stock-futures-gain-after-china-rrr-move-2011-11-30?siteid=bnbh. And, the FED announced another … Continue reading →

SHORT TERM: consolidation day, DOW +33 Overnight the Asian markets gained 1.2%. Europe opened higher and closed +0.6%. US index futures were higher overnight as well. At 9:00 Case-Shiller reported a 0.6% month over month decline in housing prices after … Continue reading →

SHORT TERM: market gaps up on European rally, DOW +291 Overnight the Asian markets gained 2.3%. Europe markets opened higher and gained 4.3%. US index futures gapped up at the open to start last night’s trading and continued higher. At … Continue reading →

SHORT TERM: post holiday rally fizzles, DOW -26 Overnight the Asian markets were all lower. Europe opened lower but closed +0.85%. Overnight US index futures were lower as well. At the open the SPX hit 1160 and began to rally. The … Continue reading →