Monthly Archives: March 2014

monday update

SHORT TERM: gap up opening, DOW +135 Overnight the Asian markets gained 0.5%. European opened higher and gained 0.2%. US index futures were higher overnight, and the market gapped up to SPX 1869 at the open. The SPX had closed … Continue reading

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weekend update

REVIEW The market started the week opening higher, but then took on the character that had started on expiration Friday: sell growth stocks after the opening. During the week the market had three gap up openings, no gap downs, and … Continue reading

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friday update

SHORT TERM: another gap up opening sold, DOW +59 Last night FED governor Tarullo gave a speech in NY: http://www.federalreserve.gov/newsevents/speech/tarullo20140327a.htm.  Overnight the Asian markets gained 0.7%. European markets opened higher and gained 0.8%. US index futures were higher overnight as … Continue reading

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thursday update

SHORT TERM: choppy day, DOW -5 Last night the FED released this report on the banks: http://www.federalreserve.gov/newsevents/press/bcreg/20140326a.htm. Overnight the Asian markets gained 0.4%. European markets opened lower and lost 0.1%. US index futures were higher overnight. At 8:30 Q4 GDP … Continue reading

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wednesday update

SHORT TERM: another gap up opening sold, DOW -99 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.7%. US index futures were again higher overnight, and at 8:30 Durable goods orders were reported higher: +2.2% v -1.0%. The … Continue reading

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tuesday update

SHORT TERM: growth stocks still driving the market, DOW +91 After the close yesterday the FED released the following: http://www.federalreserve.gov/newsevents/press/bcreg/20140324b.htm.  Overnight the Asian markets lost 0.3%. European markets opened higher and gained 1.5%. US index futures were higher overnight, and at 9am … Continue reading

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monday update

SHORT TERM: volatility continues, DOW -26 Overnight the Asian markets gained 1.7%. Europe lower and lost 1.2%. US index futures were higher overnight, and at 9am a speech from FED governor Stein was released: http://www.federalreserve.gov/newsevents/speech/stein20140324a.htm. The market opened four points above … Continue reading

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