Monthly Archives: February 2013

thursday update

SHORT TERM: choppy day, DOW -21 Overnight the Asian markets gained 1.0%. Europe opened higher and gained 0.8%. US index futures were higher overnight. At 8:30 Q4 GDP was reported higher: +0.1% vs -0.1%, and weekly Jobless claims were lower: … Continue reading

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wednesday update

SHORT TERM: no gap opening but big rally, DOW +175 Overnight the Asian markets lost 0.1%. Europe opened higher and gained 1.3%. US index futures were higher overnight, and at 8:30 Durable goods orders were reported lower: -5.2% vs +4.3%. … Continue reading

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tuesday update

SHORT TERM: gap up opening then volatile day, DOW +116 Overnight the Asian markets lost 1.7%. Europe opened lower and lost 2.1%. US index futures were higher overnight, and at 9:00 Case-Shiller was reported higher: +6.8% vs +5.5%, and the … Continue reading

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monday update

SHORT TERM: gap up opening sold off, DOW -216 Overnight the Asian markets gained 0.9%: mostly Japan. European markets opened higher and gained 1.0%. US index futures were higher overnight, and the market gapped up at the open to SPX … Continue reading

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weekend update

REVIEW Market surprises with a volatile week. After hitting a new uptrend high on tuesday, the market sold off about 2% to a thursday low, before rallying to end the week. For the week the SPX/DOW were mixed, and the … Continue reading

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friday update

SHORT TERM: gap up opening rally, DOW +120 Overnight the Asian markets gained 0.1%. Europe opened higher and gained 1.3%. US index futures were higher overnight, and the market gapped up at the open to SPX 1509. The SPX closed … Continue reading

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thursday update

SHORT TERM: pullback continues, DOW -47 Overnight the Asian markets lost 1.5%. European markets opened lower and lost 1.9%. US index futures were lower overnight as well. At 8:30 weekly Jobless claims were reported higher: 362K vs 341K, and the … Continue reading

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