Monthly Archives: February 2012

SHORT TERM: new high then pullback, DOW -53 Overnight the Asian markets were mostly higher: +0.4%. European markets opened lower, rallied after LTRO 2 tranche 2 was announced at $530 bln Euros, then closed lower: -0.5%. US index futures were … Continue reading →

SHORT TERM: investors await LTRO 2 results, DOW +24 Overnight the Asian markets were higher: gaining 1.4%. Europe opened higher and gained 0.4%. US index futures were also higher overnight. At 8:15 FED governor Duke’s testimony: http://www.federalreserve.gov/newsevents/testimony/duke20120228a.htm. At 8:30 Durable goods … Continue reading →

SHORT TERM: interesting day, DOW -1 Overnight the Asian markets were all lower: losing 1.2%. European markets opened lower and lost 0.4%. US index futures were lower overnight as well, and the market gapped down at the open to SPX … Continue reading →