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Monthly Archives: September 2013
weekend update
REVIEW An expected volatile FOMC/Options expiration week did not disappoint. The market started the week with a gap up opening, held those highs on Tuesday, then spiked when FED chairman Bernanke did not taper QE 3 as was expected. Then … Continue reading
friday update
SHORT TERM: pullback continues, DOW -185 Overnight the Asian markets lost 0.1%. Europe opened lower and lost 0.2%. US index futures were lower overnight, but the market opened two points above yesterday’s SPX 1722 close. In the first few minutes the … Continue reading
thursday update
SHORT TERM: new high then pullback, DOW -40 Overnight the Asian markets gained 2.3%. Europe opened higher and gained 0.9%. US index futures were higher overnight as well, and at 8:30 weekly Jobless claims were reported higher: 309k v 293k. The … Continue reading
wednesday update
SHORT TERM: no taper market makes new highs, DOW +147 Overnight the Asian markets gained 0.6%. European markets opened higher and gained 0.2%. US index futures were higher overnight. At 8:30 Housing starts (891k v 896k), and Building permits (918k … Continue reading
tuesday update
SHORT TERM: higher opening rally continues, DOW +35 Overnight the Asian markets lost 0.2%. Europe opened lower and lost 0.4%. US index futures were higher overnight, and at 8:30 the CPI was reported higher: +0.1% vs 0.0%. The market opened two … Continue reading
monday update
SHORT TERM: another gap up opening, DOW +119 Overnight the Asian markets gained 0.8%. Europe opened higher and gained 0.9%. US index futures were much higher overnight. At 8:30 the NY FED was reported lower: 6.3 vs 8.6. Then at … Continue reading
weekend update
REVIEW The market staged a surprise this week, continuing its rally from the August 29th low at SPX 1628, by gapping up the first two days and hitting SPX 1690 by Thursday. We had expected the market to run into resistance … Continue reading
