Tag Archives: markets

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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weekend update

REVIEW The market started the week at SPX 2110. A gap up opening took the SPX to 2130 on Monday, the high for the week. Then the market pulled back every day, including Friday, to end the week at SPX 2102. … 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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