Monthly Archives: August 2017

Monday update

SHORT TERM: flat open choppy day, DOW +29 Overnight the Asian markets lost 0.3%. Europe opened lower and lost 0.5%. US index futures were relatively unchanged, and the market opened unchanged at SPX 2426. Shortly after the open the market … Continue reading

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Bull market headwinds

With the market only 2.6% off the all-time highs various indices, indicators, and the OEW count itself is suggesting the bull market is losing upside momentum. The most troubling of the indices is the Transports. With the recent downtrend confirmation in … Continue reading

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Weekend update

REVIEW The week started out at SPX 2441. After a gap up opening on Monday the market rallied to SPX 2468. Then for the next two days it struggled to add to that gain, even though it opened higher both … Continue reading

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Friday update

SHORT TERM: lower open then choppy day, DOW -76 Overnight the Asian markets lost 1.0%. Europe opened lower and lost 0.6%. US index futures were relatively flat overnight, and the market opened 3-points lower than yesterday’s SPX 2430 close. At … Continue reading

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Thursday update

SHORT TERM: gap down opening and drop, DOW -274 Overnight the Asian markets lost 0.1%. Europe opened lower and lost 0.5%. US index futures were lower overnight as well. At 8:30 jobless claims were reported lower, and the Philly FED … Continue reading

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Wednesday update

SHORT TERM: higher open then choppy day, DOW +26 Overnight the Asian markets gained 0.6%. Europe opened higher and gained 0.7%. US index futures were higher overnight, and at 8:30 building permits and housing starts were both reported lower. The … Continue reading

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Tuesday update

SHORT TERM: higher open then pullback, DOW +5 Overnight the Asian markets gained 0.3%. Europe opened lower but gained 0.3%. US index futures were higher overnight. At 8:30 retail sales, import prices and the NY FED were all reported higher. … Continue reading

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