Monthly Archives: June 2016

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 →

SHORT TERM: higher open then choppy session, DOW -49 Overnight the Asian markets lost 0.1%. Europe opened higher and gained 1.1%. US index futures were higher overnight. At 9am the FHFA housing index was reported higher: +0.2% v +0.7%. Then … Continue reading →

SHORT TERM: choppy day with positive bias, DOW +25 Overnight the Asian markets gained 0.6%. Europe opened lower but gained 0.5%. US index futures were higher overnight, and the market opened 6 points above yesterday’s SPX 2083 close. At 10am … Continue reading →

SHORT TERM: gap up opening rally, DOW +130 Overnight the Asian markets gained 1.6%. Europe opened higher, on Bremain optimism, and gained 3.3%. US index futures were much higher overnight, and the market gapped up to SPX 2092 at the … Continue reading →