Monthly Archives: September 2013

SHORT TERM: another gap down opening, DOW -129 Overnight the Asian markets lost 1.8%. European markets opened lower and lost 0.9%. US index futures were lower overnight as well, and the market gapped down to SPX 1676 at the open. … Continue reading →

SHORT TERM: gap down opening, DOW -70 Overnight the Asian markets lost 0.2%. European markets opened lower and lost 0.3%. US index futures were lower overnight. At 8:30 Personal income (+0.4% v +0.1%)/spending (+0.3% v +0.1%) were reported higher. Also PCE … Continue reading →

SHORT TERM: choppy market activity continues, DOW +55 Overnight the Asian markets gained 0.3%. European markest opened higher but closed mixed. US index futures were higher overnight. At 8:30 Q2 GDP came in as expected +2.5%, and weekly Jobless claims … Continue reading →

SHORT TERM: decline continues, DOW -61 Overnight the Asian markets lost 0.4%. Europe opened lower and lost 0.1%. US index futures were again lower overnight, and at 8:30 Durable goods orders were reported higher: +0.1% v -7.4%. The market opened … Continue reading →

SHORT TERM: pullback continues, DOW -67 Overnight the Asian markets lost 0.3%. European markets opened higher and gained 0.4%. US index futures were lower overnight. At 9:00 Case-Shiller was reported higher: +12.4% v +12.1%, and the FAHB housing index was … Continue reading →

SHORT TERM: pullback continues, DOW -50 Overnight the Asian markets lost 1.2%. Europe opened lower and lost 0.6%. US index futures were also lower overnight, and the market opened two points below Friday’s SPX 1710 close. The market continued to … Continue reading →