Monthly Archives: December 2012

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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weekend update

REVIEW The market was having a fairly good week until friday’s selloff. Nevertheless the SPX/DOW gained 0.80%, and the NDX/NAZ gained 1.55%. Asian markets were flat, European markets gained 1.6%, and the DJ World index gained 1.1%. On the economic … Continue reading

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friday update

SHORT TERM: Congress fumbles market gaps down, DOW -121 Last night Congress failed to even vote on a potential Fiscal Cliff solution. US index futures sold off heavily after the news. Overnight Asian markets lost 1.0%. European markets opened lower and … Continue reading

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thursday update

SHORT TERM: oversold rally, DOW +60 Overnight the Asian markets lost 0.4%. European markets opened lower, but gained 0.2%. US index futures were lower overnight. At 8:30 Q3 GDP was reported higher: +3.1% vs +2.7%, and weekly Jobless claims were … Continue reading

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