Monthly Archives: October 2017

Wednesday update

SHORT TERM: IBM powers DOW, DOW+160 Overnight the Asian markets were mixed. Europe opened higher and gained 0.4%. US index futures were higher overnight, and at 8:30 both housing starts and building permits were reported lower. The market opened at … Continue reading

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Tuesday update

SHORT TERM: DOW hits 23k, DOW +40 Overnight the Asian markets gained 0.1%. Europe opened lower and lost 0.1%. US index futures were relatively flat overnight. At 8:30 export/import prices were reported higher, then at 9:15 industrial production and capacity … Continue reading

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Monday update

SHORT TERM: higher open, then pullback, DOW +85 Yesterday FED chair Yellen gave a speech: https://www.federalreserve.gov/newsevents/speech/yellen20171015a.htm. Overnight the Asian markets gained 0.6%. Europe opened higher and gained 0.1%. US index futures were higher overnight, and at 8:30 the NY FED … Continue reading

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Weekend update

REVIEW The week started at SPX 2549. After a small pullback to SPX 2542 on Monday, the market made a new high at SPX 2555 on Tuesday, retested that high on Wednesday/Thursday, then made a new high at SPX 2558 … Continue reading

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Friday update

No Friday update today, Weekend update tomorrow.  

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Thursday update

SHORT TERM: lower open then choppy day, DOW -32 Overnight the Asian markets gained 0.6%. Europe opened higher and gained 0.1%. US index futures were lower overnight. At 8:30 weekly jobless claims were reported lower, and the PPI was reported higher. … Continue reading

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Wednesday update

SHORT TERM: flat opening then drift higher, DOW +42 Overnight the Asian markets lost 0.1%. Europe opened higher but ended mixed. US index futures were slightly lower overnight, and the market opened one point below yesterday’s SPX 2551 close. By … Continue reading

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