Monthly Archives: March 2012

monday update

SHORT TERM: uptrend makes new high, DOW +161 Overnight the Asian markets were mixed, losing 0.5%. European markets opened higher and closed +0.9%. US index futures were slightly higher overnight, then started rising dramatically during FED chairman Bernanke’s speech at 8:00: http://www.federalreserve.gov/newsevents/speech/bernanke20120326a.htm. … Continue reading

Posted in Updates | Tagged , , , , , , | 45 Comments

weekend update

REVIEW After five weeks of uninterupted gains in the SPX the market pulled back this week and ended with the SPX/DOW -0.85%. The NDX has risen for 12 consecutive weeks, and the NDX/NAZ were +0.50% this week. Foreign market fared … Continue reading

Posted in Updates | Tagged , , , , , , | 74 Comments

friday update

SHORT TERM: early low leads to rally, DOW +35 Overnight the Asian markets were mostly lower, losing 0.4%. European markets opened lower but recovered for a 0.2% gain. US index futures vacillated around neutral overnight, and the market opened unchanged … Continue reading

Posted in Updates | Tagged , , , , , , | 4 Comments

thursday update

SHORT TERM: pullback extends, DOW -78 Overnight the Asian markets were mixed and lost 0.6%. European markets opened lower and lost 1.2%. US index futures were lower overnight, and at 8:30 weekly Jobless claims were reported lower: 348K vs 351K. … Continue reading

Posted in Updates | Tagged , , , , , , | 71 Comments

wednesday update

SHORT TERM: consolidation day, DOW -46 Overnight the Asian markets mostly lower, but gained 0.3%. European markets opened lower, and ended relatively flat. US index futures were flat overnight. Last night the FED released the chairman’s congressional testimony in advance of … Continue reading

Posted in Updates | Tagged , , , , , , | 75 Comments