Monthly Archives: January 2016

weekend update

REVIEW Another volatile week! The week started off at SPX 1907, traded down to 1876 on Monday, then rallied to 1917 on Wednesday before the FOMC statement. After the statement was released the market traded down to SPX 1873, retested … Continue reading

Posted in weekend update | Tagged , , , | 361 Comments

Friday update

SHORT TERM: gap up and go Friday, DOW +396 Overnight the Asian markets gained 2.4% on the BOJ’s venture into negative rates. Europe opened higher and gained 2.1%. US index futures were much higher overnight. At 8:30 Q4 GDP was … Continue reading

Posted in Updates | Tagged , , , | 90 Comments

Thursday update

SHORT TERM: gap up opening volatile day. DOW +125 Overnight the Asian markets ended mixed. Europe opened lower and lost 1.6%. US index futures were lower, then higher, overnight. At 8:30 weekly Jobless claims were reported lower: 278K v 294K, … Continue reading

Posted in Updates | Tagged , , , | 280 Comments

Wednesday update

SHORT TERM: another volatile FED day, DOW -223 Overnight the Asian markets gained 1.2%. Europe opened lower but gained 0.8%. US index futures were lower overnight and the market gapped down at the open to SPX 1896. The market had … Continue reading

Posted in Updates | Tagged , , , | 276 Comments

Tuesday update

SHORT TERM: gap up turnaround, DOW +282 Overnight the Asian markets lost 2.5%. Europe opened lower but gained 0.5%. US index futures were sharply lower, China lost 6+%, then rebounded with a rally in Crude. At 9am Case-Shiller was reported … Continue reading

Posted in Updates | Tagged , , , | 327 Comments

Monday update

SHORT TERM: market back in pullback mode, DOW -208 Overnight the Asian markets gained 0.8%. Europe opened higher but lost 0.4%. US index futures were lower overnight, and the market opened 4 points below Friday’s SPX 1907 close. Right after … Continue reading

Posted in Updates | Tagged , , , | 334 Comments

weekend update

REVIEW The week started off at SPX 1880. After a Monday holiday the market gapped up to SPX 1901 on Tuesday, and then immediately headed lower. On Wednesday the market gapped down at the open, hit a new low for … Continue reading

Posted in weekend update | Tagged , , , | 528 Comments