Monthly Archives: March 2012

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

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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

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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

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tuesday update

SHORT TERM: a bonafide pullback, DOW -69 Overnight the Asian markets were mixed for a loss of -0.4%. European markets opened lower and lost 1.3%. US index futures were lower overnight, and at 8:30 Housing starts were reported lower: 698K … Continue reading

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quick update on Housing

Two of our three Housing indicators are now bullish long term: builder sentiment and building permits. The third, housing prices, should start rising and turn bullish in about six months. If one is entertaining the idea of purchasing a home, … Continue reading

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monday update

SHORT TERM: uptrend continues, DOW +7 Overnight the Asian markets were mostly lower, losing 0.7%. European markets opened lower and lost 0.2%. US index futures were relatively flat overnight, and the market opened slightly higher at SPX 1405. The SPX … Continue reading

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weekend update

REVIEW A good performance by US and European markets as the US broke through resistance at SPX 1378 and rallied to 1406 on friday. For the week the SPX/DOW were +2.40%, and the NDX/NAX were +2.35%. Asian markets gained 0.8%, … Continue reading

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