Category Archives: Updates

Tuesday update

SHORT TERM: turnaround Tuesday gap down, DOW -190 Overnight the Asian markets gained 0.2%. Europe opened higher but lost 1.2%. US index futures were lower overnight. At 8:30 Durable goods were reported lower: -0.6% v +4.6%, then at 9am Case-Shiller … Continue reading

Posted in Updates | Tagged , , , | 37 Comments

Friday update

SHORT TERM: trendless pre-holiday trading, DOW -54 Overnight the Asian markets gained 0.8%. Europe opened lower and lost 0.1%. US index futures were lower overnight, and at 8:30 the CPI was reported higher: +0.1% v +0.2%. The market opened two … Continue reading

Posted in Updates | Tagged , , , | 17 Comments

Thursday update

SHORT TERM: drift higher continues, DOW unchanged Overnight the Asian markets were mixed. Europe opened lower but gained 0.2%. US index futures were lower overnight, and at 8:30 weekly Jobless claims were reported higher: 274k v 264k. The market opened … Continue reading

Posted in Updates | Tagged , , , | 71 Comments

Wednesday update

SHORT TERM: marginal new highs again, DOW -27 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.2%. US index futures were higher overnight, and the market opened one point above yesterday’s SPX 2128 close. After the open … Continue reading

Posted in Updates | Tagged , , , | 98 Comments

Tuesday update

SHORT TERM: marginal new high, DOW +14 Overnight the Asian market gained 0.3%. European markets rallied on the decline in the Euro gaining 1.6%. US index futures were higher overnight. At 8:30 Housing starts were reported higher: 1135k v 926k, … Continue reading

Posted in Updates | Tagged , , , | 111 Comments

Monday update

SHORT TERM: rally continues, DOW +26 Overnight the Asian markets gained 0.5%. Europe opened higher and gained 0.5% as well. US index futures were lower overnight, and the market opened two points below Friday’s SPX 2123 close. In the opening minutes the … Continue reading

Posted in Updates | Tagged , , , | 138 Comments

Friday update

SHORT TERM: quiet options expiration, DOW +20 Overnight the Asian markets gained 1.1%. Europe opened higher but lost 0.7%. US index futures were higher overnight. At 8:30 the NY FED was reported higher: +3.1 v -1.2, then at 9:15 Industrial … Continue reading

Posted in Updates | Tagged , , , | 21 Comments