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Tony is going to be absent for a little while. There are some health concerns we are dealing with as some of you may know. For the moment he does not have access to a computer. I will keep you updated throughout the week with any news. Thank you for your patience and all the […]
SHORT TERM: lower open choppy day, DOW -55 Overnight the Asian market lost 0.1%. Europe opened higher and gained 0.9%. US index futures were lower overnight. At 8:30 weekly jobless claims were reported higher and the Philly FED higher. The SPX opened at 2718, 4-points below yesterday’s close, then dropped to 2714. After that the […]
SHORT TERM: gap down opening DOW -193 Overnight US index futures were lower, and at 8:30 retail sales and the NY FED were reported higher. Nevertheless the market gapped down at the open to SPX 2715, and continued down to 2704 by 10am. At 10am the Home builders index was reported higher. A rallied followed to SPX […]
REVIEW The week started at SPX 2663. After a gap up opening Monday the market rallied to SPX 2683. On Tuesday it pulled back to SPX 2655. Then it rallied for the rest of the week, reaching SPX 2733 on Friday, and closing at 2728. For the week the SPX/DOW gained 2.35%, and the NDX/NZ […]
SHORT TERM: gap up opening and rally, DOW +197 Overnight the Asian markets gained 0.4%. Europe opened higher and gained 0.4% as well. US index futures were higher overnight, and at 8:30 the CPI was reported higher. The market gapped up to SPX 2707 at the open. It had closed at SPX 2698 yesterday. The […]