Monthly Archives: March 2006

StockEWave: Google

Quick Summary: Google (GOOG $388.44 3/30/06). Google went public in August 2004 in a dutch auction at $85 a share. We can count that as the beginning of its bull market, as it has done virtually nothing but go higher … Continue reading

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friday morning

SHORT TERM: End of month, end of quarter. The Asian markets were generally higher overnight, and Europe came in flat to lower. Our stock indices gapped up nonetheless and appear to be trading in a narrow range thus far this morning. … Continue reading

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thursday update

SHORT TERM: pullback should be over. After a very strong opening, a negative divergence again appeared between the growth group NAZ/NDX (which was making new highs for this rally), and the cyclical group SPX/DOW (which failed to do so). When combined … Continue reading

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thursday morning

SHORT TERM: higher early, pullback now. Overnight many of the foreign markets made new highs: Australia’s ASX, India’s BSE, Singapore’s STI and Tokyo’s Nikkei. Europe came in better than 0.50% higher. Even though our Bond market was lower, the stock indices gapped up again, as … Continue reading

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wednesday update

SHORT TERM: We have a couple of upside gaps: acceleration. The market opened on a gap up today and for the first time in a long time, the gap wasn’t closed, and the market just kept on rising, hitting the highs for … Continue reading

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wednesday morning

SHORT TERM: We have an upside gap. Overnight the foreign exchanges rallied nicely, with the ASX and BSE again making new highs.  Even Europe came in higher today +1/4%, as our Bond market opened lower. Stocks gapped up at the open, and … Continue reading

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tuesday update

SHORT TERM: Does volatility mean straight down? The stock indices did not react favorably to Ben Bernanke’s ‘"cut and paste" statement at the conclusion of the FOMC meeting today, when the FED racheted up rates another 1/4% notch to 4.75%. Here … Continue reading

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