Monthly Archives: April 2006

CHINA bull market update

As most are already aware: nearly every stock market in the world is now in a bull market. From the huge western hemipshere juggernauts to the small emerging markets of the world. The question then is not who is in … Continue reading

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weekend update

REVIEW: It was a very choppy week as the NAZ lost 1% (all of it on friday), the NDX 0.5%, the SPX/DOW were flat. It seemed as though the cyclicals wanted to move higher, but the growth sector kept selling … Continue reading

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Diamonds, Spiders and the Cubes

If you follow the Nasdaq like I do, you too have to be disappointed with the performance of the NDX (Nasdaq 100). It has underperformed nearly all the major indices since the beginning of the year, except for the SOX (Semiconductors). … Continue reading

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friday morning

SHORT TERM: TGIF it’s been a nutty week! Overnight the foreign exchanges were generally lower: Asia was mixed and Europe was down 0.35%. The Commerce Department released the first quarter economic figures which were outstanding: 4.8% GDP growth for Q1 and 1.9% … Continue reading

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thursday night … China watch

Good evening! I usually watch the Asian markets most nights to get a gist of what’s going on in the Eastern Hemisphere. Tonight was to be a special event, as the whole world seem to sell off on China’s announcement … Continue reading

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thursday update

SHORT TERM: Stocks rally and DOW makes a new print/closing high. Talk about a roller coaster day. One could speculate that the market was too complacent and needed a shakeout before the rally could resume. That one would have been right … Continue reading

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thursday morning

SHORT TERM: China raises their key lending rate 1/4%. Crazy morning! Overnight everything looked normal, the Asian markets were generally higher. After the close China’s NDRC (their FED) raised their key lending rate 1/4% to 5.85%, their first increase since 2004. … Continue reading

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wednesday update

SHORT TERM: New closing high in the DOW. The stock indices gapped up at the open hitting their best levels of the day at 10:30AM. After that it was pretty much a stairstep down into the EW support pivots. Then … Continue reading

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EW pivot points and the SPX bull market

If you have been following my blog for a while, you will surely agree, the various stock index levels identified by what I termed EW pivot points, have remarkably pinpointed nearly every single turn in this market since I started … Continue reading

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wednesday morning

SHORT TERM: durable goods up and new home sales up stronger than expected. Overnight the foreign markets rallied across the board, with Australia’s ASX making a new high. Europe came in better than 0.25% higher and we gapped up on … Continue reading

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