Monthly Archives: January 2018

Tuesday update

SHORT TERM: selling continues, DOW -363 Overnight the Asian markets lost 1.1%. Europe opened lower and lost 1.0%. US index futures were lower overnight as well. At 9am Case-Shiller was reported higher. The market gapped down at the open for … Continue reading

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Weekend update

REVIEW The week started at SPX 2810. After a flat opening on Monday the market rallied, rallied again on Tuesday, then hit a temporary all-time high on Wednesday morning at SPX 2853. The market then pulled back into Wednesday afternoon to … Continue reading

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Thursday update

SHORT TERM: gap up opening then pullback, DOW +141 Overnight the Asian markets lost 0.7%. Europe opened lower and lost 0.5%. US index futures were higher overnight, and at 8:30 weekly jobless claims rose. The market gapped up at the … Continue reading

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Tuesday update

SHORT TERM: higher open and new highs, DOW -4 Overnight the Asian markets gained 1.4%. Europe opened higher but gained only 0.2%. US index futures were higher overnight, and the market opened 2 points above yesterday’s SPX 2833 record close. … Continue reading

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Weekend update

REVIEW The market started the week at SPX 2786. After a Monday holiday, the market gapped up on Tuesday to new highs (2808), then pulled back to 2769 before rebounding in the afternoon. Wednesday had another gap up opening, but the high … Continue reading

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Thursday update

SHORT TERM: consolidation day, DOW -98 Overnight the Asian markets gained 0.1%. Europe opened higher and gained 0.1% as well. US index futures were lower overnight. At 8:30 building permits, housing starts, and the Philly FED were all reported lower, … Continue reading

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Tuesday update

SHORT TERM: gap up opening then decline, DOW -10 Overnight the Asian markets gained 0.8%. Europe opened higher and gained 0.2%. US index futures were higher overnight, and at 8:30 the NY FED index was reported lower. The market gapped … Continue reading

Posted in Updates | Tagged , , , | 186 Comments