Monthly Archives: January 2017

SHORT TERM: market rallies to all-time high, DOW +113 Overnight the Asian markets gained 0.2%. Europe opened higher and gained 0.2%. US index futures were relatively flat overnight. The market opened 3 points above yesterday’s SPX 2265 close, bounced around … Continue reading →

SHORT TERM: pullback resumes, DOW -27 Overnight the Asian markets lost 0.2%. Europe opened lower and lost 0.7%. US index futures were lower overnight, and the market opened 4 points below Friday’s SPX 2271 close. In the opening minutes the … Continue reading →

SHORT TERM: gap up opening faded, DOW +95 Last night FED chair Yellen gave a speech on the economy and FED policy: https://www.federalreserve.gov/newsevents/speech/yellen20170119a.htm. Overnight Asian markets lost 0.5%. European markets opened lower but gained 0.1%. US index futures were higher … Continue reading →

SHORT TERM: market declines after higher open, DOW -72 Overnight the Asian markets gained 0.3%. Europe opened higher, but lost 0.3%. US index futures were lower overnight. At 8:30 weekly jobless claims were reported lower: 234K v 247K, housing starts … Continue reading →

SHORT TERM: quiet sideways day, DOW -22 Overnight the Asian markets gained 0.6%. Europe opened higher and gained 0.3%. US index futures were flat overnight. At 8:30 the CPI was reported higher: 0.3% v 0.2%, and at 9:15 industrial production … Continue reading →

SHORT TERM: lower open on pullback Tuesday, DOW -59 Overnight the Asian markets lost 0.4%. Europe opened lower and lost 0.7%. US index futures were lower yesterday, and overnight, and at 8:30 the NY FED was reported lower: 6.5 v … Continue reading →