OVERNIGHT CHANGES THROUGH 6:05 AM (CT): S&P 500 -330, DOW -19The stock market comes into the action today well off the recent highs and seemingly giving off the impression of sagging momentum. One might have expected favorable Chinese economic data to have bolstered equity prices this morning but that news was countervailed by suggestions that the outlook for recovery in many countries is...
OVERNIGHT CHANGES THROUGH 6:05 AM (CT): S&P 500 +120, DOW +11The tech sector and pharma shares are doing their part in supporting the broad market this week. In fact, in looking at the charts yesterday, the market was able to reject a noted selling wave and make a positive close and a fresh new high for the move in many market measures. The market could have been cheered by favorable Chinese...
OVERNIGHT CHANGES THROUGH 6:05 AM (CT): S&P 500 +120, DOW +11The tech sector and pharma shares are doing their part in supporting the broad market this week. In fact, in looking at the charts yesterday, the market was able to reject a noted selling wave and make a positive close and a fresh new high for the move in many market measures. The market could have been cheered by favorable Chinese...
OVERNIGHT CHANGES THROUGH 6:05 AM (CT): S&P 500 -460, DOW -31The equity market has apparently fallen back in a corrective mode in what appears to be partially a technical balancing move but it might also be the result of mixed opinions on the pace of the recovery. The market was helped yesterday by favorable tech sector news and without a fresh supportive headline issue today, the market...
OVERNIGHT CHANGES THROUGH 6:05 AM (CT): S&P 500 +30, DOW +3The S&P did manage another new high for the move today and in the process that index reached the highest level since January 20th. While the bear camp hopes that the US economy will come back into question soon, the monthly payroll readings on Friday at least temporarily calmed the double dip recession chatter. International...
OVERNIGHT CHANGES THROUGH 6:05 AM (CT): S&P 500 +390, DOW +30Despite open concern of a slack US payroll reading later this morning, the equity market has generally held within striking distance of its recent highs. Perhaps the markets were cheered by the news that the Chinese intended to stick with an appropriate easing stance. While dialogue from the Germans would seem to make things worse,...
OVERNIGHT CHANGES THROUGH 6:05 AM (CT): S&P 500 -60, DOW -1World stock markets showed some weakness overnight and that weakness might have come from any number of minor bearish themes. First of all, it is possible that the markets were simply banking some profits and were in need of technical balancing. It is also possible that news of a quake in the Asian region, sparked some weakness, or it...
OVERNIGHT CHANGES THROUGH 6:05 AM (CT): S&P 500 +40, DOW +2A big range up extension in the prior trading session seems to have come because of ideas that a hawkish Fed, must mean that the Fed is confident that the US economy is recovering. It also appears as if the market continues to get a consistent lift from merger and acquisition activity and that might be why the market has seemingly...
OVERNIGHT CHANGES THROUGH 6:05 AM (CT): S&P 500 +520, DOW +41The stock market continues to get the benefit of the doubt as prices early today have technically remained in an upside breakout on the charts. While there would not appear to be any fresh major negatives from the Greek debt front, there are threats of a possible strike brewing in response to the upcoming Greek austerity program and...
OVERNIGHT CHANGES THROUGH 6:05 AM (CT): S&P 500 +280, DOW +33The world equity markets are showing some positive direction this morning in the wake of news that Greece and the EU seem to be getting along. With various German and Greek officials giving off the impression of cooperation overnight, that could take the Greece situation out of the headlines temporarily and in turn allow for a...
