Monthly Archives: May 2012

friday update

SHORT TERM: consolidation continues, DOW -75 Overnight the Asian markets gained about 0.2%. European markets also gained about 0.2%. US index futures were relatively flat overnight and the market opened unchanged at SPX 1321. After a dip to SPX 1320 … Continue reading

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thursday update

SHORT TERM: consolidation day, DOW +34 Overnight the Asian markets gained 0.4%. European markets gained as well, +1.2%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were flat: 370K vs 370K, but Durable goods orders turned … Continue reading

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wednesday update

SHORT TERM: wild day, DOW -7 Overnight the Asian markets lost 1.3%. European markets gave back yesterday’s 1.8% gain, and then some, losing 2.5%. US index futures were lower overnight and the market gapped down at the open to SPX … Continue reading

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tuesday update

SHORT TERM: follow through rally then pullback, DOW -2 Overnight the Asian markets gained 0.3%. Europe opened higher and rallied 1.8%. US index futures were lower overnight, but edged higher heading into the open. At the open the SPX hit … Continue reading

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monday update

SHORT TERM: oversold rally starts week, DOW +135 Overnight the Asian markets ended about unchanged. European markets opened lower but ended +0.3%. US index futures were higher overnight, and the market opened higher at SPX 1298. The SPX had closed … Continue reading

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