Monthly Archives: June 2013

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

Posted in Updates | Tagged , , , | 196 Comments

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

Posted in special report | Tagged , , , | 54 Comments

weekend update

REVIEW An interesting week. The market started the week by gapping up and rallying to SPX 1654 just before the close on Tuesday. Wednesday, FOMC day, the market hovered just below that level awaiting the FOMC statement and press conference. … Continue reading

Posted in weekend update | Tagged , , , | 335 Comments

friday update

SHORT TERM: gap up opening faded, DOW +41 Overnight the Asian markets gained 0.4%. Europe opened higher but lost 1.0%. US index futures were higher overnight on this options expiration Friday. The market gapped up at the open to SPX … Continue reading

Posted in Updates | Tagged , , , | 57 Comments

thursday update

SHORT TERM: gap down follow through day, DOW -354 Overnight the Asian markets lost 2.4%. Europe opened lower and lost 2.9%. US index futures were lower overnight, and at 8:30 weekly Jobless claims were reported higher: 354K vs 334K. The market … Continue reading

Posted in Updates | Tagged , , , | 237 Comments