Monthly Archives: June 2014

weekend update

REVIEW The bull market made news highs this week, after the FOMC meeting, statement, and press conference. For the week the SPX/DOW were +1.3%, the NDX/NAZ were +1.0%, and the DJ World index was +1.0%. On the economic front positive … Continue reading

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friday update

SHORT TERM: new highs then consolidation, DOW +26 Overnight the Asian markets lost 0.1%. Europe opened lower and lost 0.1% too. US index futures were higher overnight, and the market opened two points above yesterday’s SPX 1959 record close. Just … Continue reading

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thursday update

SHORT TERM: new highs then consolidation, DOW +15 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.6%. US index futures were relatively flat overnight, and at 8:30 weekly Jobless claims were reported lower: 312k v 317k. The … Continue reading

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wednesday update

SHORT TERM: another wild FOMC day, DOW +98 Overnight the Asian markets lost 0.1%. Europe opened higher and gained 0.1%. US index futures were relatively flat overnight, and the market opened one point above yesterday’s SPX 1942 close. After a … Continue reading

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tuesday update

SHORT TERM: lower open than rally again, DOW +27 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.3%. US index futures were higher overnight, then dropped after the 8:30 economic reports. The CPI was higher: +0.4% v … Continue reading

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monday update

SHORT TERM: gap down opening then choppy day, DOW +5 Overnight the Asian markets lost 0.5%. Europe opened lower and lost 0.4%. US index futures were lower as well. At 8:30 the NY FED was reported higher: 19.3 v 19.0. Then … Continue reading

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EUROPE: potential market turbulance ahead by mid-late 2014

Using OEW we have been tracking 8 of Europe’s most important stock market indices: England, France, Germany, Greece, Italy, Spain, Switzerland, and the hybrid STOX 50. In general, since the 2011 low in most indices, and the 2012 low in some other European … Continue reading

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