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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
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
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
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
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
