Monthly Archives: January 2006

tuesday update

SHORT TERM: After a quiet overnight session, the market opened to the downside, stabilzed and waited for the FED announcement. At 2:15 PM the FED raised rates for the 14th time in a row, but changed the wording on their statement … Continue reading

Posted in Uncategorized | 3 Comments

tuesday morning

SHORT TERM: Quiet again overnight. The market resumed its selling this morning following the theme of the last two hours into yesterdays close. We’re at key support levels short term, and it is important that we hold these 10AM lows … Continue reading

Posted in Uncategorized | 1 Comment

monday update

SHORT TERM: A relatively quiet day with a positive bias, and one of the least volatile days I’ve seen in a long time. We opened on a positive note, sold off some, rallied into the afternoon, and caught some selling … Continue reading

Posted in Uncategorized | 4 Comments

monday morning

SHORT TERM: Quiet overnight with europe coming in flat and the NIKK and ASX making new highs, HSI was closed. The futures reflected that with a quiet opening and some buying into 10AM. The market seems to be trying to … Continue reading

Posted in Uncategorized | 3 Comments

weekend update

WEEK in REVIEW: For the first three days of the week the routine was: at the open, the market gapped up from overnight buying created by the rallies going on in europa and the asia markets. And then, after a half hour or so, … Continue reading

Posted in Uncategorized | 5 Comments

thursday update

SHORT TERM: Lots of transitions today. The market did it usual routine: a gap up opening, immediately sold off into 10:30 AM; then rallied to the high for the day at high noon; sold off again but finished the day … Continue reading

Posted in Uncategorized | 3 Comments

thursday morning

SHORT TERM: Again the NDX gapped up at the open about 13 points from overnight buying in europa. And again sold off by 10:30 AM, but establishing a higher low than yesterday. As the Bond market continues to sell off, … Continue reading

Posted in Uncategorized | 1 Comment

wednesday update

SHORT TERM: A gap up opening was met with selling in the NQ (NDX) futures for most of the day. By 3PM the ES (SPX) futures had made a new low for the correction, while the NQ now displays a quadruple bottom … Continue reading

Posted in Uncategorized | 5 Comments

wednesday afternoon

SHORT TERM: Just a quick note. We have a triple bottom on the NQ hourly charts at 1680, and a potential completed correction from the highs with an irregular zigzag and elongated flat on the daily charts. Plus, positive divergences showing … Continue reading

Posted in Uncategorized | 3 Comments

wednesday morning

SHORT TERM: Another gap up opening, thanks to the smart rally in europa today, was met with immediate selling in the NQ futures. Within 1/2 hour they had dropped 20 points, coming close to the previous low. Was this a … Continue reading

Posted in Uncategorized | 2 Comments