Monthly Archives: May 2016

SHORT TERM: higher open then pullback, DOW -86 Over the extended weekend the Asian markets gained 0.6%, and the European markets lost 0.6%. US index futures were higher overnight. At 8:30 Personal income (+0.4% v +0.4%)/spending (+1.0% v +0.1%) were reported … Continue reading →

SHORT TERM: market drifts higher, DOW +45 Overnight the Asian markets gained 0.8%. Europe opened lower but gained 0.1%. US index futures were higher overnight, and at 8:30 Q1 GDP was reported higher: +0.8% v +0.5%. The market opened two … Continue reading →

SHORT TERM: quiet day ahead of Friday’s GDP report, DOW -23 Overnight the Asian markets gained 0.6%. Europe opened higher and gained 0.5%. US index futures were higher overnight. At 8:30 weekly Jobless claims were reported lower: 268K v 278K, … Continue reading →

SHORT TERM: gap up opening again, DOW +145 Overnight the Asian markets gained 2.2%. Europe opened higher and gained 1.1%. US index futures were higher overnight, and at 9am FHFA housing was reported higher: +0.7% v +0.4%. The market gapped up … Continue reading →

SHORT TERM: gap up opening. DOW +213 Overnight the Asian markets lost 0.2%. Europe opened lower but gained 2.1%. US index futures were higher overnight, and the market gapped up at the open to SPX 2060 and continued to rally. … Continue reading →

SHORT TERM: quiet day, DOW -8 Overnight the Asian markets lost 0.3%. Europe opened lower and lost 0.5%. US index futures were relatively flat overnight, and the market opened one point below Friday’s SPX 2052 close. By 10:30 the SPX had … Continue reading →