Monthly Archives: August 2006

SHORT TERM: despite good economic news market ends month quietly. Markets opened on a positive note this morning, as the PCE came in at 0.1% and consumer spending’s 0.8% rise was the highest of the year. But the positivity was … Continue reading →

SHORT TERM: market meandering is spite of good economic numbers. Overnight the Asian markets were mostly up, and Europe came in mixed after the ECB decided to leave short term rates at the present levels. Early this morning some good … Continue reading →

SHORT TERM: semiconductors lead ‘tech’ rally while cyclicals lag. A quiet opening today, led to a choppy market with an upside bias as the ‘techs’ played catch up, while the cyclicals took a breather. Many of the major indices made … Continue reading →

SHORT TERM: Revisied upward Q2 GDP rally underway. Overnight the Asian markets were little changed, but Europe came in about 0.50% higher. Our stock indices rallied a bit on the open, pulled back some, and started to advance all within the … Continue reading →

I reorganized the Chart Link into an easier to use format. Listed first is the SPX, NDX and then the rest of the U.S. indices listed alphabetically. The next grouping is the Foreign Exchanges also listed alphabetically. The third grouping are the commodities … Continue reading →

SHORT TERM: market pulls back to support in the SPX/NDX before turning higher. After a quiet open the market rallied into the 10:00 release of consumer confidence. After it was announced to be much lower than expected the market gradually pulled … Continue reading →

SHORT TERM: small pullback this morning as mini wave i completed yesterday. Overnight the Asian markets were all solidly higher, and Europe even came in about 0.25% higher. Our indices opened on a quiet note and then began to rally … Continue reading →

SHORT TERM: good start to a busy week. The market opened on a quiet note but started to advance shortly thereafter. It wasn’t until 2:00 that the high was put in for the day, then the market pulled back some … Continue reading →

The SPX has already exceeded fridays highs, and made just new highs for the uptrend. Waiting for the NDX to catch up, it’s about 1% below its highs. 

SHORT TERM: market rallying ahead of the slew of economic data this week. Overnight the Asian markets were mixed again, and Europe also came in about flat. Our stock indices opened quietly, but soon starting heading higher. Google of some … Continue reading →