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Monthly Archives: December 2016
weekend update
REVIEW The market started the week at SPX 2264. On Tuesday the market rallied to SPX 2274 in the opening minutes and then started to pullback. The pullback lasted all week, with one 9 point rally along the way, and hit SPX 2234 … Continue reading
Friday update
SHORT TERM: pullback continues, DOW -57 Overnight the Asian markets gained 0.6%. Europe opened lower but gained 0.4%. US index futures were higher overnight, and the market opened at SPX 2254 then immediately started to pullback. At 9:45 the Chicago PMI … Continue reading
thursday update
SHORT TERM: pullback continues, DOW -14 Overnight the Asian markets lost 0.1%. Europe opened lower and lost 0.1% as well. US index futures were slightly higher overnight. At 8:30 weekly jobless claims were reported lower: 265K v 275K, and the … Continue reading
Wednesday update
SHORT TERM: slightly higher open then decline, DOW -111 Overnight the Asian markets gained 0.3%. Europe opened lower but gained 0.2%. US index futures were slightly higher overnight, and the market opened two points above yesterday’s SPX 2269 close. Right … Continue reading
Tuesday update
SHORT TERM: higher open then sideways, DOW +11 Overnight Asian markets gained 0.4%. Europe opened higher and gained 0.1%. US index futures were slightly higher overnight, and the SPX opened three points above Friday’s SPX 2264 close. At 9am Case-Shiller … Continue reading
weekend update
REVIEW Another quiet week as the market did not make much progress either up or down from SPX 2258 where it started the week. The market rallied on Monday/Tuesday to SPX 2273, then drifted lower for the rest of the … Continue reading
Friday update
SHORT TERM: total daily SPX range 5 points, DOW +15 Overnight the Asian markets open lost 0.1%. Europe opened higher but finished mixed. US index futures were flat overnight and the market opened one point below yesterday’s SPX 2261 close. By 10am … Continue reading
