Monthly Archives: August 2016

Wednesday update

SHORT TERM: pullback then rebound, DOW -53 Overnight the Asian markets gained 0.4%. Europe opened lower and lost 0.4%. US index futures were relatively flat overnight, and at 8:15 the ADP was reported lower: 177K v 179K. The market opened … Continue reading

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Tuesday update

SHORT TERM: market pulls back again, DOW -49 Overnight the Asian markets gained 0.8%. Europe opened higher and gained 0.5%. US index futures were flat overnight, and at 9am Case-Shiller was reported higher: 5.1% v 5.2%. The market opened at … Continue reading

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Monday update

SHORT TERM: market rebounds, DOW +108 Overnight the Asian markets gained 0.8%. Europe opened lower and lost 0.3%. US index futures were higher overnight. At 8:30 personal income (0.4% v 0.2%)/spending (0.3% v 0.4%) were reported higher, and PCE prices … Continue reading

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weekend update

REVIEW The market started the week at SPX 2184. After a decline to SPX 2176 on Monday the market rallied to 2193. A pullback followed to SPX 2170 on Thursday, then a gap up opening on Friday, rally to 2188, selloff … Continue reading

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Friday update

SHORT TERM: the FED gives the market a pulse, DOW -53 Overnight the Asian markets lost 0.3%. Europe opened lower but gained 0.6%. US index futures were higher overnight, and at 8:30 the Q2 GDP estimate was lowered: 1.1% v … Continue reading

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Thursday update

SHORT TERM: lower open then trading range, DOW -33 Overnight the Asian markets lost 0.3%. Europe opened lower and lost 0.6%. US index futures were lower as well. At 8:30 weekly jobless claims were reported lower: 261K v 262K, and … Continue reading

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Wednesday update

SHORT TERM: pullback continues, DOW -66 Overnight the Asian markets ended mixed. Europe opened lower but gained 0.4%. US index futures were lower overnight, and at 9am FHFA prices were reported higher: 0.2% v 0.2%. The market opened three points … Continue reading

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