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REVIEW The market started the week at SPX 2459. After a tick up to SPX 2463 on Monday, the market pulled back to 2450 on Tuesday. After that it rallied to an all-time high of SPX 2478 on Thursday. Then pulled back to SPX 2465 on Friday before ending the week at 2373. For the […]
SHORT TERM: lower open – then bounce, DOW -32 Overnight the Asian markets finished mixed. European markets opened lower and lost 0.6%. US index futures were higher, then lower, overnight. The market opened 5 points below yesterday’s SPX 2473 close. By 10am the SPX hit 2465, and then began to rebound. The rebound lasted all […]
SHORT TERM: new highs then pullback, DOW -29 Overnight the Asian markets gained 0.2%. Europe opened higher and gained 0.2% as well. US index futures were higher overnight. At 8:30 the Philly FED was reported lower, as was unemployment claims. The market opened three points above yesterday’s SPX 2474 close, ticked up to 2478, then began to […]
SHORT TERM: higher open – new highs, DOW +66 Overnight the Asian markets gained 0.5%. Europe opened higher and gained 0.5% as well. US index futures were higher overnight, and at 8:30 both housing starts and building permits were reported higher. The market opened 4 points above yesterday’s SPX 2461 close, and continued to make new […]
SHORT TERM: lower open – choppy day, DOW -55 Overnight the Asian markets lost 0.4%. Europe opened lower and lost 0.9%. US index futures were lower overnight, and at 8:30 export/import prices were reported higher. The market opened 6 points below yesterday’s SPX 2459 close, then bounced up to 2457 just past 10am. At 10am […]