Monthly Archives: April 2013

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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monday update

SHORT TERM: market rebound continues, DOW +20 Overnight the Asian markets gained 0.9%. Europe opened higher and gained 0.1%. US index futures were higher overnight. The market opened at SPX 1558, three points above Friday’s close. In the first few … Continue reading

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weekend update

REVIEW The US market started the week on a down note, suggesting the much awaited Intermediate wave iv correction is underway. For the week the SPX/DOW were -2.1% and the NDX/NAZ were -2.7%. Asian markets gained 0.5%, European markets lost … Continue reading

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friday update

SHORT TERM: market rebounds, DOW +10 Overnight the Asian markets gained 1.5%. European markets opened higher and gained 0.7%. US index futures were higher overnight, and the market opened one point above yesterday’s SPX 1542 close. In the opening minutes … Continue reading

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