Monthly Archives: October 2014

SHORT TERM: gap up opening, DOW +195 Overnight the Asian markets gained 2.8%. Europe opened higher and gained 1.9%. US index futures were sharply higher overnight. At 8:30 the PCE was reported higher: +0.1% v +0.1%, Personal income was reported … Continue reading →

SHORT TERM: rally continues, DOW +221 Overnight the Asian markets gained 0.4%. Europe opened higher, dropped, then gained 0.3%. US index futures were lower overnight but rebounded after Q3 GDP was reported higher than expected: +3.5% v +2.5% est. Also … Continue reading →

SHORT TERM: FOMC day, DOW -31 Overnight the Asian markets gained 1.2%. Europe opened higher and gained 0.3%. US index futures were lower overnight, but moved back up as the market opened unchanged at SPX 1985. After the open the … Continue reading →

SHORT TERM: gap up and go, DOW +188 Overnight the Asian markets gained 0.6%. Europe opened higher and gained 1.0%. US index futures were higher overnight. At 8:30 Durable goods orders were reported lower: -1.3% v -18.4%, and at 9am … Continue reading →

SHORT TERM: gap down opening, DOW +12 Overnight the Asian markets lost 0.2%. Europe opened higher but lost 0.8%. US index futures were lower overnight, and the market gapped down to SPX 1958 at the open. The SPX had closed … Continue reading →

SHORT TERM: rally continues, DOW +128 Overnight the Asian markets gained 0.6%. Europe opened lower and lost 0.6%. US index futures were lower overnight, but rebounded, as the market opened two points above yesterday’s SPX 1951 close. In the opening … Continue reading →