Monthly Archives: February 2014

friday update

SHORT TERM: another wild day, DOW +49 Overnight the Asian markets finished mixed. European markets opened higher and gained 0.5%. US index futures were lower overnight, and at 8:30 Q4 GDP was reported lower: +2.4% v +3.2%. The market opened one … Continue reading

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thursday update

SHORT TERM: another Yellen rally, DOW +74 Overnight the Asian markets gained 0.5%. Europe opened lower and lost 0.2%. US index futures were lower overnight but rallied after the economic reports at 8:30: weekly Jobless claims higher: 348k v 336k, … Continue reading

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wednesday update

SHORT TERM: sloppy/choppy action continues, DOW +19 Overnight the Asian markets gained 0.2%. Europe opened lower and lost 0.4%. US index futures were higher overnight, and the market gapped up at the open to SPX 1850. The SPX had closed … Continue reading

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tuesday update

SHORT TERM: choppy day, DOW -27 Overnight the Asian markets gained 0.4%. Europe opened lower and lost 0.2%. US index futures were lower overnight. At 9am Case-Shiller was reported higher: +13.4% v +13.7%, and the FAHA housing index was reported … Continue reading

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monday update

SHORT TERM: SPX all time high, DOW +106 Overnight the Asian markets lost 0.2%. Europe opened lower but gained 0.6%. US index futures were higher overnight, and the market opened four points above Friday’s SPX 1836 close. Right at the … Continue reading

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weekend update

REVIEW Even though it was a holiday shortened week the market finished a rally on Wednesday at SPX 1848, dipped to 1825 by Thursday, then started another rally. For the week the SPX/DOW were -0.20%, the NDX/NAZ were mixed, and the … Continue reading

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friday update

SHORT TERM: choppy Opex day, DOW -30 Overnight the Asian markets gained 1.5%. Europe opened higher and gained 0.5%. US index futures were higher overnight, and the market opened two points above yesterday’s SPX 1840 close. After a dip to … Continue reading

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