Monthly Archives: August 2013

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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friday update

SHORT TERM: gap up opening biases day, DOW +47 Overnight the Asian markets gained 1.1%. Europe opened lower but gained 0.4%. US index futures were relatively flat overnight but turned higher before the open. The market gapped up at the … Continue reading

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thursday update

SHORT TERM: gap up opening and rally, DOW +66 Overnight the Asian markets gained 0.8%. European markets opened higher and gained 1.1%. US index futures were first lower, then higher overnight. At 8:30 weekly Jobless claims were reported higher: 336k … Continue reading

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wednesday update

SHORT TERM: Major wave 4 confirmed, DOW -105 Overnight the Asian markets lost 0.8%. Europe opened lower and lost 0.5%. US index futures were lower overnight, and the market gapped down at the open to SPX 1647. The SPX had … Continue reading

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