Monthly Archives: October 2016

Monday update

SHORT TERM: consolidation day, DOW -19 Overnight the Asian markets ended mixed. Europe opened lower and lost 0.5%. US index futures were higher overnight. At 8:30 personal income (0.3% v 0.2%)/spending (0.5% v 0.0%) was reported higher, and the PCE … Continue reading

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weekend update

REVIEW The market started the week at SPX 2141. After a gap up opening on Monday, and a SPX 2155 high, the market pulled back into Wednesday hitting 2132. Another gap up opening on Thursday took the market to SPX … Continue reading

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friday update

SHORT TERM: recent pullback continues, DOW -8 Overnight the Asian markets ended mixed. Europe opened lower but gained 0.1%. US index futures were higher, then lower overnight. At 8:30 Q3 GDP was reported higher: 2.9% v 1.4%. The market opened 4 … Continue reading

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Thursday update

SHORT TERM: gap up opening sold, DOW -30 Overnight the Asian markets lost 0.4%. Europe opened lower but gained 0.2%. US index futures were lower overnight, then turned higher. At 8:30 weekly jobless claims were reported lower: 258K v 260K, … Continue reading

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Wednesday update

SHORT TERM: gap down opening, DOW +30 Overnight the Asian markets lost 0.6%. Europe opened lower and lost 0.5%. US index futures were lower overnight, and the market gapped down at the open to SPX 2134. The SPX had closed … Continue reading

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Tuesday update

SHORT TERM: pullback Tuesday, DOW -54 Overnight the Asian markets gained 0.1%. Europe opened higher and gained 0.1%. US index futures were higher, then lower, overnight. At 9am Case-Shiller was reported higher: 5.1% v 5.0%, and the FHFA index was … Continue reading

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Monday update

SHORT TERM: gap up opening post op-ex, DOW +77 Overnight the Asian markets gained 0.5%. Europe opened higher and gained 0.1%. US index futures were higher overnight, and the market gapped up to SPX 2152 at the open. The SPX … Continue reading

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