Monthly Archives: August 2012

SHORT TERM: volatile friday ends higher, DOW +90 Overnight the Asian markets declined 1.0%. European markets opened lower but closed +0.7%. US index futures were higher overnight, and the market gapped up at the open to SPX 1407. The SPX … Continue reading →

SHORT TERM: pullback from SPX 1427 resumes, DOW -107 Overnight the Asian markets were 0.6% lower. Europe opened lower and closed -1.0%. US index futures were lower overnight as well. At 8:30 weekly Jobless claims were reported higher: 374K vs … Continue reading →

SHORT TERM: consolidation continues, DOW +4 Overnight the Asian markets lost 0.2%. European markets opened lower and lost 0.3%. US index futures were relatively flat overnight. At 8:30 Q2 GDP was revised upward: +1.7% vs +1.5%. The market opened one … Continue reading →

SHORT TERM: consolidation continues, DOW -22 Overnight the Asian markets lost 0.3%. European markets opened lower and lost 0.5%. US index futures were relatively flat overnight, and at 9:00 Case-Shiller was reported higher: +0.5% vs -0.7%. The market opened slightly … Continue reading →

SHORT TERM: consolidation day, DOW -33 Overnight the Asian markets lost 0.3%. European markets opened lower, but closed +0.7%. US index futures were higher overnight, and the market opened at SPX 1413, touched 1414, and then pulled back. At 10:00 … Continue reading →

SHORT TERM: market rebounds, DOW +101 Overnight the Asian markets lost 1.0%. European markets opened lower but lost only 0.1%. US index futures were lower overnight, and at 8:30 Durable goods orders were reported higher: +4.2% vs +1.3%. The market … Continue reading →