Monthly Archives: November 2006

SHORT TERM: this market remains very resilient. The stock indices opened slightly higher this morning, then spent the first couple of hours basing around the lows of the day. Just past noon, the market starting rising, taking out yesterdays highs in the … Continue reading →

SHORT TERM: stocks open slightly higher in choppy session Overnight the Asian markets were all higher, as China’s SEC posted another bull market high. Europe was marginally higher. At 8:30 several economic numbers were released; the Core PCE rose to an … Continue reading →

SHORT TERM: market stages a very nice rebound after mondays selloff. At 8:30 this morning, the government released the GDP revisions for Q2 and Q3. The news was much better than even the FED expected. Q2 was revised upward, as … Continue reading →

SHORT TERM: stocks gap up at the open on good GDP news. Overnight the Asian markets were all higher, and Europe came in higher as well. At 8:30 the government released the revised Q3 GDP report, raising growth from 1.6% … Continue reading →

SHORT TERM: stocks hold short term support early and rally into the close. Stocks gapped down slightly at the open on a much weaker than expected Durable goods order report. Within the first 15 minutes the stock indices found support, … Continue reading →

SHORT TERM: stocks gap slightly lower at the open. Overnight the Asian markets were all lower, and Europe came in about 0.40% lower as well. At 8:30, the Durable goods orders were reported for OCT. They came in much lower … Continue reading →

SHORT TERM: Thanksgiving does appear to have been the pivotal day for the uptrend. Stocks gapped lower at the opening this morning, as selling in Europe triggered some selling in our premarket. After an attempt to rally, that lasted about 15 minutes, … Continue reading →

SHORT TERM: swift break within the first hour of trading today. Overnight the Asian markets were mostly higher, with the exception China’s SEC: which was down 4 points. Europe came in sharply lower, the DAX down over 1%. Overnight selling … Continue reading →

REVIEW: a quiet week. The market opened a bit lower in the first hour of trading on monday, and that’s about where it closed on friday. Between those two points in time, all the major indices: SPX/DOW/NDX/NAZ, posted either new bull market … Continue reading →

SHORT TERM: a lower close to end out the holiday week Stocks started the day with a gap down, as a sharp rise in the Euro created European selling pressure in the stock index futures. Our market quickly recovered, rallying … Continue reading →