Monthly Archives: June 2013

weekend update

REVIEW Wild week! Monday started off with a gap down opening pushing the SPX down to 1560. Then for the next three days the market gapped up, hitting SPX 1620 on Thursday. Friday appeared to be a consolidation day as … Continue reading

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friday update

SHORT TERM: choppy day on Wall Street, Dow -115 Overnight the Asian markets gained 2.7%. Europe opened higher but lost 0.5%. At 8:30 FED governor Stein’s speech was released: http://www.federalreserve.gov/newsevents/speech/stein20130628a.htm. US index futures were higher, then lower overnight, and the market … Continue reading

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thursday update

SHORT TERM: third gap up opening in a row, DOW +114 Overnight the Asian markets gained 1.7%. Europe opened higher and gained 1.0%. US index futures were also higher overnight. At 8:30 weekly Jobless claims were reported lower: 346K vs … Continue reading

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wednesday update

SHORT TERM: market gaps up again, DOW +150 Overnight the Asian markets gained 0.3%. Europe opened lower but gained 1.6%. US index futures were lower, then higher overnight. At 8:30 Q1 GDP was reported lower than expected at +1.8% vs … Continue reading

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tuesday update

SHORT TERM: market gaps up, DOW +101 Overnight the Asian markets ended mixed. European markets opened higher and gained 1.4%. US index futures were much higher overnight. Last night FED director Vermilyea’s senate testimony was released regarding student loans: http://www.federalreserve.gov/newsevents/testimony/vermilyea20130625a%20.htm. At … Continue reading

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monday update

SHORT TERM: gap down opening then rebounds, DOW -140 Overnight the Asian markets lost 1.6%. Europe opened lower and lost 1.7%. US index futures were significantly lower overnight, and the market gapped down at the open to SPX 1582. The … Continue reading

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Quantitative Easing revisited‏

Due to recent events we thought it would be a good time to do an update on QE and its impact on the stock market. We have noted this connection, from time to time, in the blog. Now that we … Continue reading

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