Monthly Archives: April 2013

tuesday update

SHORT TERM: consolidation day, DOW +21 Overnight the Asian markets gained 0.4%. Europe opened higher but lost 0.1%. US index futures were lower overnight. At 9:00 Case-Shiller was reported higher: +9.3% vs. +8.1%. The market opened at SPX 1593, one point … Continue reading

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monday update

SHORT TERM: market gaps up to open week, DOW +106 Overnight the Asian markets gained 0.4%. European markets opened lower but gained 0.9%. US index futures were higher overnight. At 8:30 Personal income was reported higher: +0.2% vs. +1.1%, Personal … Continue reading

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weekend update

REVIEW Markets worldwide turned back all the fundamental negativity this week and staged a fairly good rally. The US stock market approached new highs again, fell short, but still gained on the week. The SPX/DOW were +1.40%, and the NDX/NAZ … Continue reading

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friday update

SHORT TERM: yesterday’s pullback continues, DOW +12 Overnight the Asian markets lost 0.5%. Europe opened lower and lost 0.4%. US index futures were lower overnight, and at 8:30 Q1 GDP was reported lower than expected: +2.5% vs. +0.4%. The market … Continue reading

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thursday update

SHORT TERM: rebound continues near highs, DOW +25 Overnight the Asian markets gained 0.9%. European markets opened higher and gained 0.4%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were reported lower: 339K vs. 352K. The … Continue reading

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wednesday update

SHORT TERM: quiet trading day, DOW -43 Overnight the Asian markets gained 2.0%. Europe opened higher and gained 1.1%. US index futures were higher overnight, and at 8:30 Durable goods orders were reported lower: -5.7% vs. +5.6%. The market opened … Continue reading

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tuesday update

SHORT TERM: gap up opening, DOW +152 Overnight the Asian markets lost 0.4%. European markets opened higher and gained 2.7%. US index futures were higher overnight, and at 9:00 the FHFA housing index was reported higher: +0.7% vs. +0.6%. The … Continue reading

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