Monthly Archives: January 2017

Wednesday update

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

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Tuesday update

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

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Monday update

SHORT TERM: pullback resumes, DOW -27 Overnight the Asian markets lost 0.2%. Europe opened lower and lost 0.7%. US index futures were lower overnight, and the market opened 4 points below Friday’s SPX 2271 close. In the opening minutes the … Continue reading

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weekend update

REVIEW This holiday shortened week started at SPX 2275. The market opened lower on Tuesday, remained in the same lower range on Wednesday, dropped to SPX 2258 on Thursday, then rallied to 2277 on Friday, and ended the week at … Continue reading

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Friday update

SHORT TERM: gap up opening faded, DOW +95 Last night FED chair Yellen gave a speech on the economy and FED policy: https://www.federalreserve.gov/newsevents/speech/yellen20170119a.htm. Overnight Asian markets lost 0.5%. European markets opened lower but gained 0.1%. US index futures were higher … Continue reading

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