Monthly Archives: November 2012

SHORT TERM: consolidation day, DOW +4 Overnight the Asian markets gained 0.5%. Europe opened lower and lost 0.1%. US index futures were lower, then higher overnight. At 8:30 Personal income was reported flat +0.0% vs +0.4%, Personal spending was reported … Continue reading →

SHORT TERM: gap up opening takes market higher, DOW +37 Overnight the Asian markets gained 1.2%. Europe opened higher and gained 1.2% as well. US index futures were higher overnight. At 8:30 Q3 GDP was revised higher: +2.7% vs +2.0%, … Continue reading →

SHORT TERM: gap down opening but market recovers, DOW +107 Overnight the Asian markets lost 0.6%. Europe opened lower but gained 0.2%. US index futures were lower overnight, and the market gapped down to SPX 1393 at the open. The … Continue reading →

SHORT TERM: market pullback continues, DOW -89 Overnight the Asian markets gained 0.6%. Europe opened higher and gained 0.3%. US index futures were relatively flat overnight. At 8:30 Durable goods orders were reported flat: 0.0% vs +9.8%. Then at 9:00 Case-Shiller … Continue reading →

SHORT TERM: gap down opening, DOW -42 Overnight Asian markets gained 0.1%. Europe opened lower and lost 0.5%. US index futures were lower overnight, and the market gapped down to SPX 1402 at the open. The SPX has closed at … Continue reading →