Monthly Archives: January 2014

SHORT TERM: gap down opening and choppy day, DOW -150 Overnight the Asian markets lost 0.3%. Europe opened lower and lost 0.5%. US index futures were sharply lower overnight. At 8:30 Personal income (0.0% v +0.2%)/spending (+0.4% v +0.5%) were reported … Continue reading →

SHORT TERM: gap up opening stirs hope, DOW +110 Overnight the Asian markets lost 1.2%. European markets opened lower but gained 0.3%. US index futures were higher overnight. At 8:30 Q4 GDP was reported positive: +3.2% v +4.1%, and weekly … Continue reading →

SHORT TERM: gap down FOMC day, DOW -190 Overnight the Asian markets gained 1.1%. Europe opened higher but lost 0.6%. US index futures were sharply higher last night after Turkey’s central bank raised overnight rates to defend their currency. That … Continue reading →

SHORT TERM: turnaround tuesday, DOW +91 Overnight the Asian markets lost 0.1%. Europe opened higher and gained 0.6%. US index futures were higher overnight. At 8:30 Durable goods orders were reported lower: -4.3% v +3.4%, then at 9am Case-Shiller was reported … Continue reading →

SHORT TERM: wild swings to start the week, DOW -41 Overnight the Asian markets lost 2.2%. Europe opened lower and lost 0.7%. US index futures were higher overnight and the market opened at SPX 1794. The SPX had closed at … Continue reading →

REVIEW The last two days, of a holiday shortened week, resulted in a nasty decline for the entire week. The market started Tuesday with a gap up opening, hitting SPX 1849 in the opening minutes. Then bounced around between SPX … Continue reading →

SHORT TERM: gap down and decline again, DOW -318 Overnight the Asian markets lost 1.4%. Europe opened lower and lost 2.1%. US index futures were lower overnight, and the market gapped down at the open to SPX 1819. This opening … Continue reading →