Monthly Archives: August 2012

weekend update

REVIEW After making a new bull market high on tuesday, SPX/NDX, the market immediately pulled back into the upper 1390’s before recovering on friday. For the week the SPX/DOW were -0.70%, and the NDX/NAZ were -0.15%. Asian markets were -0.7%, … Continue reading

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friday update

SHORT TERM: market rebounds, DOW +101 Overnight the Asian markets lost 1.0%. European markets opened lower but lost only 0.1%. US index futures were lower overnight, and at 8:30 Durable goods orders were reported higher: +4.2% vs +1.3%. The market … Continue reading

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thursday update

SHORT TERM: pullback continues, DOW -115 Overnight the Asian markets gained 0.6%. Europe opened higher but closed down 0.6%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were reported higher: 372K vs 366K. The market opened … Continue reading

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wednesday update

SHORT TERM: early pullback then recovery, DOW -31 Overnight the Asian markets lost 0.5%. Europe opened lower and declined 1.3%. US index futures were lower overnight, and the market opened two points below yesterday’s SPX 1413 close. In the first … Continue reading

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tuesday update

SHORT TERM: SPX/NDX post new bull market highs, DOW -68 Overnight the Asian markets gained 0.3%. European markets opened higher and gained 0.8%. US index futures were higher overnight, and the market opened at a new uptrend high, SPX 1421, and … Continue reading

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