Monthly Archives: May 2015

weekend update

REVIEW Another choppy week, but biased to the downside. The market started the holiday shortened week at SPX 2126. After a gap down opening on Tuesday the market dropped to SPX 2099. It rallied right back on Wednesday to close … Continue reading

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Friday update

SHORT TERM: pullback Friday, DOW -115 Overnight the Asian markets gained 0.5%. Europe opened lower and lost 1.9%. US index futures were lower overnight, and at 8:30 Q1 GDP was revised lower: -0.7% v +0.2%. The market opened one point … Continue reading

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Thursday update

SHORT TERM: trendless Thursday, DOW -37 Overnight the Asian market lost 0.7%. Europe opened lower and lost 0.5%. US index futures were lower overnight, and at 8:30 weekly Jobless claims were reported higher: 282k v 274k. The market opened four … Continue reading

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Wednesday update

SHORT TERM: wacky Wednesday reversal, DOW +121 Overnight the Asian markets lost 0.2%. Europe opened higher and gained 1.5%. US index futures were higher overnight, and the market opened three points above yesterday’s SPX 2104 close. Then the market started … Continue reading

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Tuesday update

SHORT TERM: turnaround Tuesday gap down, DOW -190 Overnight the Asian markets gained 0.2%. Europe opened higher but lost 1.2%. US index futures were lower overnight. At 8:30 Durable goods were reported lower: -0.6% v +4.6%, then at 9am Case-Shiller … Continue reading

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weekend update

REVIEW The market opened the week at SPX 2123. It then made marginal new all time highs on Monday, Tuesday, and also Wednesday, before going into a trading range for the rest of the week. The entire range for the week … Continue reading

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Friday update

SHORT TERM: trendless pre-holiday trading, DOW -54 Overnight the Asian markets gained 0.8%. Europe opened lower and lost 0.1%. US index futures were lower overnight, and at 8:30 the CPI was reported higher: +0.1% v +0.2%. The market opened two … Continue reading

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