Monthly Archives: April 2016

Monday update

SHORT TERM: pull back continues, DOW -27 Overnight the Asian markets lost 0.7%. Europe opened lower and lost 0.7% as well. US index futures were lower overnight, and the market opened 7 points below Friday’s SPX 2092 close. At 10am … Continue reading

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weekend update

REVIEW The market started the week at SPX 2081. On Monday it dipped down to SPX 2074 and then started to rally to new uptrend highs. By late Wednesday the SPX hit 2111, and then started to decline. By Friday … Continue reading

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Friday update

SHORT TERM: choppy day digesting weak earnings, DOW +21 Overnight the Asian markets gained 0.1%. Europe opened lower and lost 0.3%. US index futures were lower overnight and the market opened down seven points from yesterday’s SPX 2091 close. Right after … Continue reading

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Thursday update

SHORT TERM: market opens unchanged, DOW -114 Overnight the Asian markets gained 1.5%. Europe opened higher but lost 0.2%. US index futures were relatively flat overnight. At 8:30 weekly Jobless claims were reported lower: 247K v 253K, and the Philly … Continue reading

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Wednesday update

SHORT TERM: new uptrend highs, DOW +43 Overnight the Asian markets finished flat. Europe opened lower but gained 0.5%. US index futures were higher overnight and the market opened one point above yesterday’s SPX 2101 close. In the opening minutes … Continue reading

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