Monthly Archives: May 2009

REVIEW Economic reports for the week continue to display a moderation in the decline in economic activity. Case-Shiller home prices were reported at -18.7% v -18.6%, Existing home sales 4.68 mln v 4.55 mln, and New home sales 352K v 351K. Q1 … Continue reading →

SHORT TERM: market spikes in last hour as the month ends, DOW +97 Overnight the Asian markets were all higher. Europe opened higher and closed +0.45%. US index futures were higher overnight and at 8:30 the first revision of Q1 GDP was … Continue reading →

SHORT TERM: market remains in month long trading range, DOW +104 Overnight the Asian markets were mixed. Europe opened lower and closed -1.0%. US index futures were higher overnight. At 8:30 the weekly Jobless claims were reported at 623K v 631K, … Continue reading →

SHORT TERM: market gives back most of yesterdays gains, DOW -173 Overnight all the Asian markets were higher. Europe opened lower but closed +0.2%. US index futures were basically flat overnight and at the open the SPX vacillated around unchanged … Continue reading →

SHORT TERM: market holds support early and then rallies, DOW +196 Overnight the Asian markets were mostly lower. Europe opened lower but closed +1.20%. US index futures were lower overnight and at 9:00 Case-Shiller reporting housing prices continued to decline: … Continue reading →

SHORT TERM: US markets closed Overnight the Asian markets were mostly higher. Europe opened lower but closed +0.2%. US index futures vacillated positive and negative for most of the night and closed this morning +5.25. Bonds were flat and Crude … Continue reading →

REVIEW Great election news for India resulted in one of the biggest daily gains in Sensex history: +17% on monday. The news helped markets worldwide rally into midweek. The markets, however, ended about unchanged on the week. The SPX/DOW were … Continue reading →