Monthly Archives: June 2016

weekend update

REVIEW The market started the week at SPX 2096. After hitting SPX 2098 in the first hour of trading on Monday the market dropped to 2064 by Tuesday. A rally followed into Wednesday on the FOMC meeting, and the market … Continue reading

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Friday update

SHORT TERM: lower open then sideways, DOW -58 Overnight the Asian markets gained 0.7%. Europe opened higher and gained 1.0%. US index futures, however, were lower overnight. At 8:30 Housing starts were reported lower: 1164K v 1172K, and Building permits … Continue reading

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Thursday update

SHORT TERM: gap down opening then rebound, DOW +93 Overnight the Asian markets lost 2.0%. Europe opened lower and lost 0.5%. US index futures were lower overnight as well. At 8:30 the CPI was reported higher: +0.2% v +0.4%, the … Continue reading

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Wednesday update

SHORT TERM: FED rally fades, DOW -35 Overnight the Asian markets gained 0.7%. Europe opened higher and gained 1.1%. US index futures were higher overnight. At 8:30 the PPI was reported higher: +0.4% v +0.2%, and the NY FED was … Continue reading

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Tuesday update

SHORT TERM: pullback continues, DOW -58 Overnight the Asian markets lost 0.5%. Europe opened lower and lost 1.9%. US index futures were lower overnight as well. At 8:30 Export (1.0% v +0.5%)/Import (+0.3% v +0.1%) prices were reported higher, and … Continue reading

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