Category Archives: Updates

Thursday update

SHORT TERM: gap up opening faded, DOW -28 Overnight the Asian markets gained 0.3%. Europe opened higher but lost 0.5%. US index futures were higher overnight. At 8:30 monthly Payrolls were reported lower: 213k v 280k, the Unemployment rate was … Continue reading

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Wednesday update

SHORT TERM: another gap up opening, DOW +138 Overnight the Asian markets gained 0.9%. Europe opened higher and gained 1.8%. US index futures were higher overnight, and at 8:15 the ADP was reported higher: 237k v 201k. At 9am FED … Continue reading

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Tuesday update

SHORT TERM: gap up opening then choppy, DOW +22 Overnight the Asian markets gained 0.7%. Europe opened lower and lost 1.5%. US index futures were higher overnight, and at 9am Case-Shiller was reported lower: 4.9% v 5.0%. The market gapped … Continue reading

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Monday update

SHORT TERM: gap down opening, DOW -350 Over the weekend the likelihood of a Greece default increased dramatically. As a result the SPX futures gapped down nearly 30 points in overnight trading. After trading as low as 40 points down it … Continue reading

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Friday update

SHORT TERM: pullback continues, DOW +60 Overnight the Asian markets lost 0.8%. Europe opened lower but finished mixed. US index futures were higher overnight, and the market opened three points above yesterday’s SPX 2102 close. In the opening minutes the … Continue reading

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Thursday update

SHORT TERM: gap up opening retraced, DOW -76 Overnight the Asian markets lost 0.4%. Europe opened lower and lost 0.2%. US index futures were higher overnight. At 8:30 weekly Jobless claims were reported higher: 271k v 267k, the PCE was … Continue reading

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Wednesday update

SHORT TERM: gap down opening pullback, DOW -178 Overnight the Asian markets gained 0.1%. Europe opened higher but lost 0.2%. US index futures were lower overnight, and at 8:30 Q1 GDP was reported in line with expectations: -0.2% v -0.7%. The … Continue reading

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