Monthly Archives: July 2012

wednesday update

SHORT TERM: DOW breaks losing streak, DOW +59 Overnight the Asian markets lost 0.6%. European markets opened lower but closed +0.2%. US index futures were higher overnight, and the market opened higher at SPX 1340. The SPX had closed at 1338 … Continue reading

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tuesday update

SHORT TERM: pullback continues, DOW -104 Last night FED governor Raskin’s speech was released: http://www.federalreserve.gov/newsevents/speech/raskin20120723a.htm. Overnight the Asian markets lost 0.4%. European markets opened higher but lost 0.7%. US index futures were lower overnight. This morning FED chairman Bernanke’s speech … Continue reading

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monday update

SHORT TERM: market gaps down, DOW -101 Overnight the Asian markets lost 2.2%. European markets opened lower and dropped 1.7%. US index futures were significantly lower overnight as well. At the open the market gapped down to SPX 1348 and … Continue reading

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weekend update

REVIEW Another interesting week. The market started the week by heading lower into early tuesday. Then rallied to new uptrend highs on thursday before pulling back on friday’s Opex. Spain’s IBEX dropped 5.6% on friday, assisting the SPX pullback, as their 10YR … Continue reading

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friday update

SHORT TERM: gap down opening pullback, DOW -121 Overnight the Asian markets lost 0.6%. European markets opened lower and dropped 1.7%. US index futures were lower overnight as well. The market gapped down at the open to SPX 1371, and … Continue reading

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