Monthly Archives: October 2008

SHORT TERM: market rallies to end a nasty October, DOW +144 Overnight the Asian markets were mixed, Europe opened higher and closed +2.2%. US index futures were lower overnight and at 8:30 the core PCE was reported unchanged at +0.2%, … Continue reading →

SHORT TERM: Q3 GDP -0.3% market rallies, DOW +190 Overnight the Asian markets soared after the FED announced late yesterday temporary currency dollar swap arrangements with several countries: http://www.federalreserve.gov/newsevents/press/monetary/20081029b.htm. Europe opened higher and closed +1.2%. US index futures were sharply … Continue reading →

SHORT TERM: choppy session as FED cuts rates to 1.0%, DOW -74 Overnight the Asian markets were mostly higher, Europe opened higher and closed with the FTSE +8.0% and the DAX down slightly. US index futures moved higher overnight but … Continue reading →

SHORT TERM: volatility works both ways, DOW +889 Overnight the Asian markets mostly rebounded strongly, Europe open higher and closed +6.6%. US index futures were sold off early overnight then rallied strongly heading into the morning. At the open the … Continue reading →

SHORT TERM: market opens lower, rallies, then fades, DOW -203 Overnight the Asian markets were down sharply, Europe opened lower but closed +1.2%. US index futures were under pressure overnight as SP made new contract lows. Coming off those lows and … Continue reading →

REVIEW The week started off with the market trying to add to last week’s gains. But on monday and tuesday the SPX again had trouble breaking through the 990 pivot and the rally fizzled. For the week the SPX/DOW was … Continue reading →

SHORT TERM: limit down early – market rebounds, DOW -312 Overnight the Asian markets were substantially lower, Europe opened lower and closed down 5.00%. US index futures were limit down (60 SPX points) overnight. At 6:00 AM OPEC announced they were … Continue reading →