Monthly Archives: October 2006

SHORT TERM: our multi-month SPX 1383 target was achieved, as FED leaves short term rates unchanged. The stocks indices opened quietly, but quickly started to rally until about 10:30. Some selling entered the market taking it to the lows of … Continue reading →

SPX 1383 and the FED left short term rates unchanged. "The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent. Economic growth has slowed over the course of the year, partly … Continue reading →

SHORT TERM: It’s FED day and the market is rallying, SPX 1380 Overnight the Asian markets were mixed, and Europe came in about 0.25% higher. Our stock indices opened quietly, but soon started rising as the Techs began to gain … Continue reading →

SHORT TERM: Cyclicals edge marginally higher, Techs retreat a bit. The stock indices opened lower, as is the custom these days, and then rallied for all of about 15 minutes. The Tech leaders Google and Apple were lagging during the … Continue reading →

SHORT TERM: Tech leaders displaying some weakness this moring as market pulls back Over night the Asian markets were slightly lower, except for China’s SEC which surged over 2%. Wish they would open that nice bull market to the rest … Continue reading →

SHORT TERM: market starts off the week like its done all month … rally. The day started off with a bit of selling, which lasted all of about 10 minutes, and with the help of the Tech leaders: Google and … Continue reading →

SHORT TERM: some selling at the onset, and then new highs Overnight the Asian markets were quite mixed, with the NIKKEI rising nicely, the ASX flat, and the SEC/BSE declining sharply. Europe came in down about 0.10% as our stock index futures … Continue reading →

REVIEW: the wild week is over It was a fun week. Lots of economic news and earnings reports. Some stocks soared, some tanked, but the majors ended relatively unchanged: SPX/DOW +0.25% and the NDX/NAZ less than 1.0%. The core PPI rose 0.6%, … Continue reading →

SHORT TERM: Google surges, but rally continues to stall. Overnight the Asian markets were generally higher and Europe came in about 0.25% higher as well. On options expiration friday, our stock indices opened higher and then quickly retreated, as the … Continue reading →

SHORT TERM: DOW closes over 12,000 and Google adds an earnings upside surprise The stock indices gapped down at the open today, but quickly recovered and rallied until about 10:30, posting the high for the day. The market then pulled … Continue reading →