Monthly Archives: April 2006

SHORT TERM: marginally lower again The markets opened this morning on a relatively quiet note: stocks, bonds and crude a bit lower. At 10AM the consumer confidence figures were announced, and surprisingly they were the highest in four years. The … Continue reading →

SHORT TERM: Consumer confidence hits 5 year record high. Overnight the foreign markets were mostly lower with the HSI/BSE showing the largest declines. Europe came in about 0.2% higher, and bonds/crude were fairly quiet. The stock indices opened higher, but … Continue reading →

SHORT TERM: negative day, but we drifted up into the close. Over the weekend the G-7 decision to drive down the Dollar rattled the currency markets, and Japan’s Nikkei as well. When we opened this morning, nine of the ten foreign exchanges that I follow, … Continue reading →

SHORT TERM: G-7 weekend meeting rattles markets worldwide. The G-7 talked the Dollar down over the weekend to help the trade deficit in the US. In response, the Yen rallied strongly against the dollar resulting in a 3% drop in the Nikkei: … Continue reading →

REVIEW: Generally a good week overall. After bottoming on monday, stocks rallied into thursday as all indices set new highs for the bull market. Even the SPX broke through reistance at SPX 1316 to post a new high. The DOW … Continue reading →

SHORT TERM: friday expiration Overnight the foreign markets were generally higher with Asia’s STI/SEC again making new highs, and Europe came in about 0.50% higher. The stock indices gapped up on the open and immediately the NDX pulled back. We … Continue reading →

SHORT TERM: Google sets the tone for the rest of the month. The stock indices rallied this morning, being led higher by the DOW and then the SPX. The SPX specifically, hurdled its overhead resistance levels at 1310, 1314 and even 1316, … Continue reading →

SHORT TERM: Breakout! Overnight the foreign markets were mixed, only Asia’s HSI/BSE were higher, and Europe was generally higher. Our market opened on a quiet note, with Bonds and Crude relatively quiet. The DOW started to rise, presumably from good earnings … Continue reading →

SHORT TERM: Fairly productive day after yesterdays strong rally. The stock indices opened on a mixed note this morning, as overnight buying gave way to a disappointing 0.4% climb in the CPI. The futures sold off for about an hour … Continue reading →

Objective Elliott Wave® Stock Analysis If you are interested in getting an OEW technical evaluation for a specific stock, contact me by email. I will evaluate your stock on a long term, intermediate term and short term basis. Also, I … Continue reading →