Monthly Archives: June 2011

SHORT TERM: end of month – end of quarter, DOW +153 Overnight the Asian markets were all higher. Europe opened higher and closed +0.85%. US index futures were higher overnight. At 8:30 weekly Jobless claims again were reported flat: 428K vs 429K. The … Continue reading →

SHORT TERM: rally has been quite steady, DOW +73 Overnight the Asian markets were mixed. Europe opened higher and closed +1.60%. US index futures were higher overnight as well. Around 9:00 the FED made this press release: http://www.federalreserve.gov/newsevents/press/monetary/20110629a.htm.  At the open the … Continue reading →

SHORT TERM: rally continues, DOW +145 Overnight the Asian markets were all higher. Europe opened higher and closed +0.85%. US index futures were higher overnight. At 9:00 Case-Shiller reported housing prices -4.0% vs -3.6% yty. The actual data showed an uptick mtm: $138.84 … Continue reading →

SHORT TERM: market rebounds again, DOW +109 Overnight the Asian markets were mixed. Europe opened lower but closed mixed. US index futures were higher overnight, and at 8:30 Personal income was reported positive: +0.3% vs +0.4%, but Personal spending was … Continue reading →

SHORT TERM: market pulls back again, DOW -115 Overnight the Asian markets were all higher. Europe opened higher but closed mixed. US index futures were higher overnight as well. At 8:30 Q1 GDP was revised higher: +1.9% vs +1.8%, and … Continue reading →

SHORT TERM: another gap down day, DOW -59 Overnight the Asian markets were mixed. Europe opened lower and closed -1.75%. US index futures were lower overnight as well. At 8:30 the weekly Jobless claims came in higher: 429K vs 414K. … Continue reading →