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SHORT TERM: all-time new high then pullback, DOW +63 Overnight the Asian markets gained 0.8%. Europe opened higher and gained 0.4%. US index futures were higher overnight, and the market opened at a new high: SPX 2504. In the opening minutes the SPX hit 2508, and then started to drift lower. At 10am the NAHB was […]
REVIEW The market started the week at SPX 2461. After a gap up opening on Monday the market rallied to an ATH on Tuesday. After that it did something quite odd. For three days, which included a Thursday/Friday options expiration. The SPX traded in a 9-point trading range, ending the week at the ATH SPX […]
SHORT TERM: ATH open then consolidation, DOW +61 Overnight the Asian markets gained 0.7%. Europe opened higher and gained 0.3%. US index futures were higher overnight, and the market opened at SPX 2493 an ATH. The market had closed at SPX 2488 yesterday. In the opening moments the SPX rose to 2496 then began to pullback. […]
SHORT TERM: gap up and go Monday, DOW +260 Overnight the Asian markets gained 1.0%. Europe opened higher and gained 1.0% as well. US index futures were much higher overnight, and the market gapped up to SPX 2477 at the open. The market had closed at SPX 2461 on Friday. Around 12:30 the SPX hit […]
REVIEW The market started the holiday shortened week at SPX 2477. After a gap down opening on Tuesday, and a drop to SPX 2447, the market rebounded. Wednesday’s gap up opening rallied the market to SPX 2470. Then quiet sideways trading ended the week at SPX 2461. For the week the SPX/DOW lost 0.75%, and the […]