Monthly Archives: June 2016

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 →

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 →

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 →

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 →

SHORT TERM: it’s Brexit after all, DOW -611 Overnight the EU referendum votes were counted and the UK decided to leave the European Union. Asian markets dropped 4.3%. European markets dropped 6.0%. US index futures were sharply lower as well. … Continue reading →

SHORT TERM: gap up opening as Europe rallies, DOW +230 Overnight the Asian markets gained 0.8%. Europe opened higher and gained 2.0%. US index futures were higher overnight. At 8:30 weekly jobless claims were reported lower: 259K v 277K. The … Continue reading →