Monthly Archives: June 2014

SHORT TERM: end of month – end of quarter, DOW -25 Overnight the Asian markets gained 0.5%. Europe opened higher but lost 0.1%. US index futures were relatively flat overnight, and the market opened one point below Friday’s SPX 1961 close. In … Continue reading →

SHORT TERM: rebound continues, DOW +6 Overnight the Asian markets lost 0.4%. Europe opened higher and gained 0.1%. US index futures were lower overnight, and the market opened three points below yesterday’s SPX 1957 close. At 10am Consumer sentiment was … Continue reading →

SHORT TERM: pullback resumes then another rebound, DOW -21 Overnight the Asian markets gained 0.3%. Europe opened higher but lost 0.4%. US index futures were lower overnight. At 8:30 Personal income (+0.4% v +0.3%)/spending (+0.2% v +0.1) were reported higher, the … Continue reading →

SHORT TERM: market rebounds, DOW +49 Overnight the Asian markets lost 0.3%. Europe opened lower and lost 0.9%. US index futures were higher overnight. At 8:30 Q1 GDP was reported lower than expected: -2.9% v -1.0%, and Durable goods orders … Continue reading →

SHORT TERM: new highs then decline, DOW -119 Overnight the Asian markets gained 0.6%. European markets opened higher but finished mixed. US index futures were lower overnight, and at 9am Case-Shiller was reported lower: +10.8% v +12.4%, and the FHFA … Continue reading →

SHORT TERM: consolidation continues, DOW -10 Overnight the Asian markets lost 0.6%. Europe opened lower and lost 0.6% as well. US index futures were higher overnight, but the market opened one point below Friday’s SPX 1963 close. In the opening … Continue reading →