Monthly Archives: June 2015

SHORT TERM: gap up opening then choppy, DOW +22 Overnight the Asian markets gained 0.7%. Europe opened lower and lost 1.5%. US index futures were higher overnight, and at 9am Case-Shiller was reported lower: 4.9% v 5.0%. The market gapped … Continue reading →

SHORT TERM: gap down opening, DOW -350 Over the weekend the likelihood of a Greece default increased dramatically. As a result the SPX futures gapped down nearly 30 points in overnight trading. After trading as low as 40 points down it … Continue reading →

SHORT TERM: pullback continues, DOW +60 Overnight the Asian markets lost 0.8%. Europe opened lower but finished mixed. US index futures were higher overnight, and the market opened three points above yesterday’s SPX 2102 close. In the opening minutes the … Continue reading →

SHORT TERM: gap up opening retraced, DOW -76 Overnight the Asian markets lost 0.4%. Europe opened lower and lost 0.2%. US index futures were higher overnight. At 8:30 weekly Jobless claims were reported higher: 271k v 267k, the PCE was … Continue reading →

SHORT TERM: gap down opening pullback, DOW -178 Overnight the Asian markets gained 0.1%. Europe opened higher but lost 0.2%. US index futures were lower overnight, and at 8:30 Q1 GDP was reported in line with expectations: -0.2% v -0.7%. The … Continue reading →

SHORT TERM: consolidation day, DOW +24 Overnight the Asian markets gained 1.0%. Europe opened higher and gained 0.7%. US index futures were also higher overnight. At 8:30 Durable goods were reported lower: -1.8% v -1.0%, then at 9am FHFA housing … Continue reading →