Monthly Archives: December 2012

monday update

SHORT TERM: fiscal cliff drama continues, DOW +166 Overnight the Asian markets were mixed. Europe opened lower and closed -0.7%. US index futures were sharply lower after hours on friday, then rallied sunday night. At the open the SPX hit … Continue reading

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weekend update

REVIEW The US market opened lower to start the week, continued lower for much of the holiday shortened week, and ended giving back all of last week’s gains. For the week the SPX/DOW -1.9%, and the NDX/NAZ were -2.1%. Asian markets gained … Continue reading

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friday update

SHORT TERM: gap down opening, DOW -158 Overnight the Asian markets gained 0.5%. Europe opened higher but lost 0.9%. US index futures were lower overnight, and the market gapped down at the open to SPX 1411. The SPX had closed … Continue reading

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thursday update

SHORT TERM: decline continues in bungee session, DOW -18 Overnight Asian markets gained 0.2%. Europe opened lower but gained 0.1%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were reported lower: 350K vs 361K. The market … Continue reading

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wednesday update

SHORT TERM: decline continues, DOW -24 Overnight the Asian markets that were open gained 1.2%. Most European markets were closed. US index futures were higher overnight, and at 9:00 Case-Shiller was reported higher: +4.3% vs +3.0%. The market opened one … Continue reading

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holiday update

SHORT TERM: most markets closed Overnight the only markets we noticed open were Japan +1.4%, and China +2.5%. Most markets will re-open tomorrow. Bonds, currencies, commodities and the precious metals were not traded. Medium term support remains at the 1386 and … Continue reading

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monday update

SHORT TERM: decline continues in half day trading session, DOW -52 Overnight the Asian markets open, rose 0.2%. European markets opened higher, but lost 0.2%. US index futures were lower overnight, and the market opened at SPX 1427. The SPX had closed … Continue reading

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