Monthly Archives: May 2014

tuesday update

SHORT TERM: turnaround Tuesday, DOW -138 Overnight the Asian markets gained 0.4%. Europe opened lower and lost 0.4%. US index futures were lower overnight, and the market opened one point below yesterday’s SPX 1885 close. The market continued to pullback … Continue reading

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monday update

SHORT TERM: gap down then reversal, DOW +21 Overnight the Asian markets gained 0.1%. Europe opened lower but gained 0.1%. US index futures were lower overnight and the market gapped down to SPX 1873 at the open. The SPX had … Continue reading

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weekend update

REVIEW Another week in which a new all time high was sold off. For the week the SPX/DOW were -0.3%, the NDX/NAZ were +0.7%, and the DJ World index was +0.2%. Economic reports came in about 2 to 1 to … Continue reading

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friday update

SHORT TERM: quiet opening, DOW +45 Last night FED chair Yellen gave a speech in Washington, DC: http://www.federalreserve.gov/newsevents/speech/yellen20140515a.htm. Asian markets ended 0.2% lower. European markets opened higher but lost 0.4%. US index futures were lower overnight. At 8:30 Housing starts were … Continue reading

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thursday update

SHORT TERM: gap down opening, DOW -167 Overnight the Asian markets gained 0.1%. Europe opened lower and lost 1.0%. US index futures were lower overnight. At 8:30 weekly Jobless claims were reported lower: 297k v 319k, the CPI was reported … Continue reading

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