Monthly Archives: April 2014

wednesday update

SHORT TERM: quiet FOMC day, DOW +45 Overnight the Asian markets lost 0.2%. Europe opened lower and finished mixed. US index futures were lower overnight. At 8:15 the ADP index was reported higher: 220k v 191k, then at 8:30 Q1 … Continue reading

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tuesday update

SHORT TERM: gap up and hold, DOW +87 Overnight the Asian markets gained 0.3%. Europe opened higher and gained 1.1%. US index futures were higher overnight, and at 9am Case-Shiller was reported lower: +12.9% v +13.2%. The market gapped up … Continue reading

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monday update

SHORT TERM: gap up – lower lows – then up again, DOW +87 Overnight the Asian markets lost 0.5%. Europe opened higher and gained 0.4%. US index futures were higher overnight, and the market gapped up to SPX 1872 at … Continue reading

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weekend update

REVIEW After a good rally last week, this week made a higher high then pulled back. For the week the SPX/DOW were -0.2%, the NDX/NAZ were -0.25%, and the DJ World index was -0.1%. Economic reports for the week were … Continue reading

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friday update

SHORT TERM: gap down opening, DOW -140 Overnight the Asian markets lost 0.7%. Europe opened lower and lost 1.0%. US index futures were also lower overnight, and the market gapped down to SPX 1873 at the open. The SPX had … Continue reading

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thursday update

SHORT TERM: another bungee cord day, DOW unchanged Overnight the Asian markets lost 0.3%. Europe opened higher and gained 0.4%. US index futures were higher overnight. At 8:30 weekly Jobless clams were reported higher: 329k v 304k, and Durable goods orders … Continue reading

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wednesday update

SHORT TERM: consolidation day, DOW -13 Overnight the Asian markets gained 0.2%. Europe opened higher, but lost 0.5%. US index futures were lower overnight, and the market opened two points below yesterday’s SPX 1880 close. After a short pop to … Continue reading

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