Tag Archives: markets

weekend update

REVIEW Another choppy week. The market started the week at SPX 2102, rallied to 2108 on Monday, dropped to 2083 on Tuesday, rallied to 2012 on Wednesday, then dropped to 2072 on Friday, before ending the week at 2081. For … Continue reading

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Friday update

SHORT TERM: gap down opening, DOW -280 Overnight the Asian markets lost 0.9%. Europe opened lower and lost 1.7%. US index futures were lower overnight, and at 8:30 the CPI was reported higher: +0.2% v +0.2%. The market gapped down … Continue reading

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Thursday update

SHORT TERM: ES much lower overnight but market rebounds, DOW -7 Overnight the Asian markets finished mixed. Europe opened lower and lost 1.0%. US index futures were lower overnight. At 8:30 weekly Jobless claims were reported higher: 294k v 282k, and … Continue reading

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Wednesday update

SHORT TERM: gap up opening, DOW +76 Overnight the Asian markets lost 0.3%. Europe opened lower but gained 0.3%. US index futures were higher overnight as earnings season got underway. At 8:30 the NY FED was reported contracting: -1.2 v +6.9, … Continue reading

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Tuesday update

SHORT TERM: choppiness continues, DOW +60 Overnight the Asian markets lost 0.8%. Europe opened lower and lost 0.6%. US index futures were lower overnight as well. At 8:30 Retail sales were reported higher: +0.9% v -0.5%, and the PPI was … Continue reading

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Monday update

SHORT TERM: early rally fades, DOW -81 Overnight the Asian markets gained 1.1%. Europe opened lower, but gained 0.2%. US index futures were lower overnight until just before the open. The market opened at SPX 2103, one point above Friday’s … Continue reading

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weekend update

REVIEW The market started the week gapping down from SPX 2067, Friday’s close, to 2057. That opening gap down was the low for the week. The market then rallied to SPX 2090 on Tuesday, pulled back to 2073 on Wednesday, … Continue reading

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