Monthly Archives: August 2013

weekend update

REVIEW The week started off on a positive note. Continuing the rally from SPX 1639 and hitting 1670 on Monday. After that the market made a lower downtrend low on Wednesday, bounced, and nearly hit that low again on Friday. Talk … Continue reading

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friday update

SHORT TERM: choppy market continues, DOW -31 Overnight the Asian markets gained 0.3%. Europe opened higher but lost 1.2%. US index futures were higher overnight. At 8:30 Personal income (+0.1% vs +0.3%)/spending (+0.1% vs +0.5%) and PCE prices (+0.1% vs + … Continue reading

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thursday update

SHORT TERM: lower open then a rally, DOW +16 Overnight the Asian markets gained 1.3%. Europe opened higher and gained 0.7%. US index futures were higher overnight. At 8:30 Q2 GDP was reported higher than expected: +2.5% vs +1.7%, and weekly … Continue reading

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wednesday update

SHORT TERM: flat opening, dip, then rally DOW +48 Overnight the Asian markets lost 1.0%. European markets opened lower and lost 0.5%. US index futures were slightly lower overnight, but the market opened flat at SPX 1630. In the first … Continue reading

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tuesday update

SHORT TERM: gap down opening, DOW -170 Overnight the Asian markets lost 1.5%. Europe opened lower and lost 1.7%. US index futures were lower overnight as well. At 9:00 Case-Shiller was reported higher: +12.1% vs +12.2%. The market gapped down … Continue reading

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monday update

SHORT TERM: early rally fades, DOW -64 Overnight the Asian markets gained 0.2%. European markets open higher but finished mixed. US index futures were lower, then higher overnight. At 8:30 Durable goods orders were reported lower: -7.3% vs +4.2%. The … Continue reading

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weekend update

REVIEW The market opened the week flat, made a new downtrend low Monday, retested that low Tuesday, then made a lower low after the FOMC minutes on Wednesday. After that the market rallied for the rest of the week. For … Continue reading

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