Monthly Archives: May 2016

Tuesday update

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

Posted in Updates | Tagged , , , | 345 Comments

Monday update

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

Posted in Updates | Tagged , , , | 248 Comments

weekend update

REVIEW The market started the week at SPX 2047. After a rally to SPX 2072 on Monday, the market worked its way down to SPX 2026 by Thursday. Then an options expiration on Friday closed the week at SPX 2052. … Continue reading

Posted in weekend update | Tagged , , , | 345 Comments

Friday update

SHORT TERM: gap up opening friday, DOW +66 Overnight the Asian markets gained 0.3%. Europe opened higher and gained 1.3%. US index futures were higher overnight, and the market gapped up at the open to SPX 2048. The market had … Continue reading

Posted in Updates | Tagged , , , | 79 Comments

Thursday update

SHORT TERM: gap down opening, DOW -91 Overnight the Asian markets lost 0.6%. Europe opened lower and lost 1.4%. US index futures were lower overnight. At 8:30 weekly Jobless claims were reported lower: 278K v 294K, and the Philly FED … Continue reading

Posted in Updates | Tagged , , , | 201 Comments