Monthly Archives: November 2011

thanksgiving update

SHORT TERM: markets try to rebound from oversold levels, DOW (YM) -19 Overnight the Asian markets were mixed. Europe opened higher and closed -0.20%. US index futures were higher, then lower overnight: SPX (ES) -0.75 and NDX (NQ) -3.75. The US market is closed … Continue reading

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wednesday update

SHORT TERM: gap down opening suggests trouble ahead, DOW -236 Last night the FED issued the following after the close: http://www.federalreserve.gov/newsevents/press/bcreg/20111122a.htm. Asian markets were all lower overnight, and Europe opened lower and closed -1.35%. US index futures were lower overnight … Continue reading

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tuesday update

SHORT TERM: market ends lower in choppy day, DOW -53 Overnight the Asian markets were mixed. Europe opened lower and closed -0.75%. US index futures were higher, then lower, overnight. At 8:30 Q3 GDP was reported lower: +2.0% vs +2.5%. … Continue reading

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monday update

SHORT TERM: market gaps down at open, DOW -249 Overnight the Asian markets were all lower. Europe opened lower and closed -3.0%. US index futures were also sharply lower overnight, and the market gapped down to SPX 1205 at the … Continue reading

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weekend update

REVIEW For the third week in a row the market had a turnaround tuesday event. Three weeks ago it hit the SPX 1215 low. Two weeks ago the SPX 1278 high. And, this tuesday the high for the week at SPX 1264. … Continue reading

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