Monthly Archives: March 2013

weekend update

REVIEW The beat goes on. While foreign markets have bounced around between uptrends and downtrends the past several weeks the US market has remained in a steady uptrend since November. In fact, not only has the DOW made new all time … Continue reading

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thursday update

SHORT TERM: no gap opening, but new highs: DOW +52 Overnight the Asian markets lost 0.7%. Europe opened higher and closed +0.3%. US index futures were higher overnight. At 8:30 Q4 GDP was reported higher: +0.4% vs +0.1%, but weekly … Continue reading

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wednesday update

SHORT TERM: gap down opening reversed, DOW -33 Overnight the Asian markets gained 0.4%. European markets opened higher, but lost 0.8%. US index futures were lower overnight and the market gapped down at the open to SPX 1554. The SPX … Continue reading

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tuesday update

SHORT TERM: another gap up opening, DOW +112 Overnight the Asian markets lost 0.5%. Europe opened higher and gained 0.3%. US index futures were higher overnight. At 8:30 Durable goods orders were reported higher: +5.7% vs -4.9%. At 9:00 Case-Shiller was … Continue reading

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monday update

SHORT TERM: gap up opening leads to pullback, DOW -64 Overnight Cyprus reached an agreement, at the cost of their savers, and Asian markets gained 0.7%. Europe opened higher but lost 0.6%. US index futures were higher overnight and the market gapped … Continue reading

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weekend update

REVIEW Quite a choppy week in the US markets after four gaps openings. We had to go back to the end of June 2012 to find a similar week of indecision. That one ended with the indices eventually moving higher. For … Continue reading

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friday update

SHORT TERM: another gap opening, DOW +91 Overnight the Asian markets lost 1.0%. European markets opened lower and lost 0.1%. US index futures were higher overnight, at 8:30 FED governor Raskin’s speech was released: http://www.federalreserve.gov/newsevents/speech/1A78D53EC3314751BD5CEE9DA84A89C7.htm. The market gapped up at … Continue reading

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