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Monthly Archives: May 2018
Tuesday update
SHORT TERM: gap down opening DOW -193 Overnight US index futures were lower, and at 8:30 retail sales and the NY FED were reported higher. Nevertheless the market gapped down at the open to SPX 2715, and continued down to 2704 … Continue reading
Weekend update
REVIEW The week started at SPX 2663. After a gap up opening Monday the market rallied to SPX 2683. On Tuesday it pulled back to SPX 2655. Then it rallied for the rest of the week, reaching SPX 2733 on … Continue reading
Thursday update
SHORT TERM: gap up opening and rally, DOW +197 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.4% as well. US index futures were higher overnight, and at 8:30 the CPI was reported higher. The market gapped … Continue reading
Tuesday update
SHORT TERM: US pulls of out Iran nuclear deal, DOW +3 Overnight the Asian markets gained 0.5%. Europe opened lower and lost 0.2%. US index futures traded lower overnight, and the SPX opened 6 points below yesterday’s 2673 close. After … Continue reading
Weekend update
REVIEW The week started at SPX 2670. After a gap up opening on Monday the SPX hit its high for the week at 2683. Then it pulled back to SPX 2625 on Tuesday, rallied to 2661 on Wednesday, then dropped … Continue reading
