Monthly Archives: February 2013

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 →

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 →

SHORT TERM: market pulls back, DOW -108 Overnight the Asian markets gained 0.5%. Europe opened lower and lost 0.2%. US index futures were lower overnight. At 8:30 Housing starts were reported lower: 890K vs 954K, Building permits higher: 925K vs … Continue reading →

SHORT TERM: new highs, DOW +54 Overnight the Asian markets lost 0.2%. European markets opened lower but gained 1.5%. US index futures were higher overnight, and the market opened three points above friday’s SPX 1520 close. As trading began the … Continue reading →

SHORT TERM: US markets closed, DOW (YM) +6 Overnight the Asian markets gained 0.7%: mostly Japan. Europe opened lower but gained 0.2%. US markets were closed for Presidents day. At the close of futures trading the SPX (ES) was +1.25, and the … Continue reading →