Monthly Archives: December 2009

SHORT TERM: market ends lower in last hour selling, DOW -120 Overnight all the Asian markets were higher. Europe opened higher but closed mixed. US index futures were relatively flat overnight, and at 8:30 the weekly Jobless claims were reported: … Continue reading →

SHORT TERM: market remains in tight trading range, DOW +3 Overnight most of the Asian markets were lower. Europe opened lower and closed -0.80%. US index futures were lower overnight, and the market opened around SPX 1122. At 9:45 the … Continue reading →

SHORT TERM: market continues in narrow range, DOW -2 Overnight all the Asian markets were higher. Europe opened higher and closed +0.40%. US index futures were higher overnight and at 9:00 Case-Shiller reported housing prices flat: +0.0% v +0.8%. The … Continue reading →

SHORT TERM: market consolidates after hitting SPX 1130, DOW +27 Overnight the Asian markets were mixed. Europe opened higher and closed +0.80%. US index futures were flat overnight. At the open the market edged higher and then hit a new … Continue reading →

REVIEW The highlight of the week was the second downward revision of Q3 GDP. From the original estimate in late October at 3.5% growth, it has now been revised down to 2.2% growth from the first downgrade of 2.8% growth. … Continue reading →

SHORT TERM: Santa rally continues, DOW +54 Overnight all the Asian markets were higher. Europe opened higher and closed +0.60%. US index futures were slightly higher overnight, and at 8:30 the weekly Jobless claims were reported: 452K v 480K. The … Continue reading →

SHORT TERM: market uptrend continues to eke out new highs, DOW +2 Overnight the Asian markets were all higher. Europe opened higher and closed +0.50%. US index futures were higher overnight, and at 8:30 Personal income was reported: +0.4% v … Continue reading →