Monthly Archives: January 2012

thursday update

SHORT TERM: new uptrend high then pullback, DOW -22 Overnight the Asian markets were mixed, gaining 0.2%. European markets opened higher and closed +1.5%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were reported higher: 377K … Continue reading

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wednesday update

SHORT TERM: new uptrend high after FOMC, DOW +83 Overnight the Asian markets gained 1.3%. Europe opened higher, but lost 0.3%. US index futures were lower overnight, and the market opened one point under yesterday’s SPX 1315 close. In the … Continue reading

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tuesday update

SHORT TERM: pullback extends to SPX 1306, DOW -33 Overnight the Asian markets open were +0.9% higher. Europe opened lower and closed -0.4%. US index futures were lower overnight, and the market gapped down at the open to SPX 1310. … Continue reading

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monday update

SHORT TERM: market rallies early – then pulls back, DOW -12 Overnight the Asian markets were mostly flat. Europe opened higher and closed +0.6%. US index futures were relatively flat overnight, and the market opened flat at SPX 1315. In the opening … Continue reading

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Has the US Housing market really bottomed?

For the past two weeks, and four months after the FED initiated operation Twist: http://money.cnn.com/2011/09/21/news/economy/federal_reserve_operation_twist/index.htm, we have been hearing some say the US housing market has bottomed. Since we track several of the key economic indicators that track housing we … Continue reading

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