Monthly Archives: November 2012

weekend update

REVIEW Last friday’s optimism for a quick resolution to the potential fiscal cliff, continued this week as US equity markets rallied. In fact, US stock market indices had their best week since June. For the week the SPX/DOW were +3.5%, and … Continue reading

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friday update

SHORT TERM: gap up rally on black friday enthusiasm, DOW +173 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.8%. US index futures were higher over the holiday, and the market gapped up at the open to … Continue reading

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holiday update

SHORT TERM: US markets closed, DOW (YM) +34 Overnight the Asian markets gained 0.9%. Europe opened higher and gained 0.7%. US index futures were traded while the foreign markets were open. At the end of the session the SPX (ES) … Continue reading

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wednesday update

SHORT TERM: market makes new rally high, DOW +48 Overnight the Asian markets gained 1.0%. Europe opened lower, but gained 0.2%. US index futures were flat overnight, and at 8:30 weekly Jobless claims were reported lower: 410K vs 439K. The … Continue reading

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tuesday update

SHORT TERM: consolidation day, DOW -7 Overnight the Asian markets lost 0.1%. Europe opened lower but gained 0.5%. US index futures were relatively flat overnight, and at 8:30 Housing started were reported higher: 894K vs 872K, but Building permits were … Continue reading

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