Monthly Archives: January 2017

SHORT TERM: pullback continues, DOW -107 Overnight the Asian markets lost 0.8%. European markets opened lower and lost 0.6%. US index futures were lower overnight, and at 9am Case-Shiller was reported higher: 5.3% v 5.1%. The market opened 7 points … Continue reading →

SHORT TERM: gap down opening, DOW -123 Overnight the Asian markets lost 0.2%. Europe opened lower and lost 1.0%. US index futures gapped down at the open overnight in response to the backlash by the public, politicians, and prominent CEOs, … Continue reading →

REVIEW The market started this record week at SPX 2271. After a pullback to SPX 2257 on Monday the market rallied to all-time highs at SPX 2301 by Thursday morning. Then a pullback ended the week at SPX 2295. For … Continue reading →

SHORT TERM: consolidation/pullback continues, DOW -7 Overnight the Asian markets gained 0.2%. Europe opened higher but ended down 0.2%. US index futures were relatively flat overnight. At 8:30 Q4 GDP was reported lower: 1.9% v 3.5%, and durable goods were … Continue reading →

SHORT TERM: consolidation day, DOW +32 Overnight the Asian markets gained 1.1%. Europe opened higher but ended mixed. US index futures were much higher overnight, but declined to around unchanged before the open. At 8:30 weekly jobless claims were reported … Continue reading →

SHORT TERM: gap up opening DOW 20K+, DOW +156 Overnight the Asian markets gained 1.1%. Europe opened higher and gained 1.0%. US index futures were much higher overnight, and at 9am the FHFA housing index was reported higher: 0.5% v … Continue reading →

SHORT TERM: market rallies to all-time high, DOW +113 Overnight the Asian markets gained 0.2%. Europe opened higher and gained 0.2%. US index futures were relatively flat overnight. The market opened 3 points above yesterday’s SPX 2265 close, bounced around … Continue reading →