Monthly Archives: April 2018

Weekend update

REVIEW The week started at SPX 2670, and ended there as well. The SPX ranged between 2684 on Tuesday to 2613 on Wednesday. Quiet compared to most recent weeks. Also, in a week that had three gap up openings, and no gap down … Continue reading

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Thursday update

SHORT TERM: gap up and go kind of day, DOW +239 Overnight the Asian markets ended mixed. Europe opened lower but gained 0.6% on the day. US index futures were higher. At 8:30 weekly jobless claims reached a 50-year low … Continue reading

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Tuesday update

SHORT TERM: gap up opening then selloff, DOW -425 Overnight the Asian markets gained 0.8%. Europe opened higher and gained 0.1%. US index futures were higher, and at 9am Case-Shiller was reported higher. The market gapped up at the open … Continue reading

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Weekend update

REVIEW The week started at SPX 2656. After gap up openings on Monday and Tuesday the SPX rallied to 2717 by Wednesday morning. Then over the next two days the SPX came within 5 points of giving it all back when … Continue reading

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Thursday update

SHORT TERM: gap down opening, DOW -83 Overnight the Asian markets gained 0.7%. Europe opened higher and gained 0.1%. US index futures were lower overnight. At 8:30 weekly jobless claims were lower, and the Philly FED was higher. The market opened … Continue reading

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Tuesday update

SHORT TERM: gap up opening again, DOW +214 Overnight the Asian markets lost 0.2%. Europe opened higher and gained 0.9%. US index futures were higher overnight. At 8:30 building permits and housing starts were reported higher. Then at 9:15 industrial … Continue reading

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Weekend update

REVIEW The week started at SPX 2604. After a gap up opening on Monday the market rallied to SPX 2654. Then sold off to SPX 2611 in the last two hours of trading. On Tuesday another gap up opening carried … Continue reading

Posted in weekend update | Tagged , , , | 457 Comments