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Monthly Archives: June 2016
Thursday update
SHORT TERM: rally continues, DOW +235 Overnight the Asian markets gained 1.0%. Europe opened lower but gained 1.2%. US index futures were lower, then higher overnight. At 8:30 weekly Jobless claims were reported higher: 269K v 257K, then at 9:45 … Continue reading
Wednesday update
SHORT TERM: another gap up rally, DOW +285 Last night FED governor Powell gave a speech: http://www.federalreserve.gov/newsevents/speech/powell20160628a.htm. Overnight the Asian markets gained 1.3%. Europe opened higher and gained 2.7%. US index futures were higher overnight. At 8:30 Personal income (+0.2% … Continue reading
Tuesday update
SHORT TERM: gap up turnaround Tuesday, DOW +269 Overnight the Asian markets gained 0.1%. Europe opened higher and gained 2.4%. US index futures were higher overnight as well. At 8:30 Q1 GDP was reported higher: +1.1% v +0.8%, and at … Continue reading
Monday update
SHORT TERM: another gap down opening, DOW -261 Overnight the Asian markets gained 0.8% – mostly Japan. Europe opened lower and lost 2.9%. US index futures were lower overnight, and at 8:30 the Trade deficit was reported higher: -$60.6B v -$57.5B. … Continue reading
weekend update
REVIEW The market started this volatile week at SPX 2071. After a gap up opening on Monday to SPX 2101 the market pulled back until Wednesday when it hit SPX 2084. Another gap up opening on Thursday carried the market … Continue reading
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