Monthly Archives: March 2012

friday update

SHORT TERM: quiet options expiration, DOW -20 Overnight the Asian markets were mostly lower losing -0.4%. European markets opened higher and gained 0.3%. US index futures were higher overnight. At 8:30 the CPI was reported higher: +0.4% vs +0.2%, and … Continue reading

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thursday update

SHORT TERM: market continues to trend higher, DOW +59 Overnight the Asian markets were mostly higher gaining 0.3%. European markets were mostly higher as well gaining 0.4%. US index futures were also higher, and at 8:30 weekly Jobless claims were … Continue reading

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wednesday update

SHORT TERM: new high then pullback, DOW +16 After the close yesterday the FED released the bank stress test: http://www.federalreserve.gov/newsevents/press/bcreg/20120313a.htm. Overnight the Asian markets were mixed but gained 0.6%. European markets opened higher, ended mixed, but gained 0.5%. US index … Continue reading

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tuesday update

SHORT TERM: uptrend extends, DOW +218 Overnight the Asian markets were mostly higher: +0.8%. European markets opened higher and closed: +1.4%. Last night the FED released this after the close: http://www.federalreserve.gov/newsevents/press/bcreg/20120312a.htm. US index futures were higher overnight, and at 8:30 … Continue reading

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tuesday … quick update

SHORT TERM: SPX clears 1378 With the SPX exceeding the 1378 high the alternate DOW count comes into play. With Minor 1 now at 1267 and Minor 3 at 1378, Minor 3 = 1.618 Minor 1. The next fibonacci levels are: @ SPX … Continue reading

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monday update

SHORT TERM: mixed market ahead of the FOMC, DOW +38 Overnight the Asian markets were mixed: +0.1%. European markets opened lower but closed higher: +0.2%. US index futures were lower overnight, but the market opened unchanged at SPX 1371. In … Continue reading

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weekend update

REVIEW Interesting week. After a sharp pullback early in the week, which looked like the beginning of a correction, the market rallied back by week’s end to finish the week about unchanged. For the week the SPX/DOW were mixed, and … Continue reading

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