Monthly Archives: June 2008

SHORT TERM: market ekes out a gain, DOW +4 Overnight the Asian markets were mostly lower with only Hong kong’s HSI displaying a gain. Europe opened mixed and closed mixed. US index futures were lower overnight but rallied heading into … Continue reading →

REVIEW Stocks slumped for the second week in a row, SPX/DOW -3.6% vs. -3.5% last week. The DOW was the first major index to make new bear market lows, now -19% from the October 2007 high. Yet, under the radar, the … Continue reading →

SHORT TERM: Crude continues higher, stocks continue lower, DOW -107 Overnight the Asian markets were all lower, with China’s SSEC and India’s BSE taking the biggest hits. Europe opened slightly higher, and closed mixed. US index futures traded lower overnight, and … Continue reading →

SHORT TERM: DOW breaks through 11,673 at 9:45 taking the market lower, DOW -358 Overnight the Asian markets were mixed, but Europe opened lower and closed -2.50%. US index futures traded lower overnight, then at 6:30 vice chairman Kohn gave … Continue reading →

SHORT TERM: general market rallies as crude declines, DOW +4 Overnight the Asian markets shifted from lower to higher as the night transited. Europe then opened higher, and closed +0.90%. US index futures traded higher overnight and the market opened … Continue reading →

SHORT TERM: downtrend appears to bottom – market rebounds from lows, DOW -35 Overnight the Asian markets were mixed, and Europe opened higher but closed -0.70%. US index futures traded lower overnight, rallied a bit at 9:00 when Case-Shiller reported … Continue reading →

SHORT TERM: market finishes mixed in directionless day, DOW flat Overnight the Asian markets were all lower, but Europe opened higher and closed +0.50%. US index futures traded higher overnight and the market gapped up a few points at the … Continue reading →