Monthly Archives: January 2007

wednesday update

SHORT TERM: FED leaves rates unchanged, market soars. Stocks opened lower this morning responding to selling overnight, despite the positive news of Q4 GDP, which came in higher than expected. The market bottomed shortly after the open, as the NDX … Continue reading

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wednesday morning

SHORT TERM: market starts this busy day lower. Overnight the Asian markets were all lower, with China’s volatile SSEC dropping almost 5%. Europe came in 0.20% lower, as our stock index futures were pressured as the trading day began. At 8:30 … Continue reading

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tuesday update

SHORT TERM: market manages to post some reasonable gains ahead of the GDP/FED tomorrow. The market gapped up at the open this morning, but quickly eased back to fill that gap by 10:00. As the day progressed, the cyclicals moved … Continue reading

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tuesday morning

SHORT TERM: stocks gap up slightly at the open. Overnight the Asian markets were mostly higher, with only China’s SSEC sheding a few points. Europe came in about 0.30% higher, and our stock index futures had a positive bias going … Continue reading

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monday update

SHORT TERM: After a positive morning stocks close mixed. Stocks opened the week mixed, rallied until 1:00, then gave it all back within an hour hitting the lows for the day at 2:00. Then rallied a bit into the close. A … Continue reading

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monday morning

SHORT TERM: stocks open mixed then start to rally Overnight the Asian markets were mixed and Europe came in about 0.25% higher. Stocks opened mixed, and after a few minutes started to rally until just past 10:00. Then some selling … Continue reading

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weekend update

REVIEW: A choppy week, as monday’s selling rebounded with new highs in the cyclicals by wednesday. But when the techs failed to follow, slightly new lows for the week were made by friday. For the week, the SPX/DOW/NAZ closed 0.6% lower, and the … Continue reading

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friday update

SHORT TERM: stocks closed mixed after testing support. The market opened higher, but quickly turned south in what appeared to be choppy trading, but clearly 5 waves down from yesterdays highs on the hourly charts. After completed that short term … Continue reading

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friday morning

SHORT TERM: market starts higher, but again turns lower. Overnight the few Asian markets that were open closed mixed, and Europe came in about unchanged. Stock index futures edged up after the Dec. Durable goods orders were announced to be +3.1%, … Continue reading

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thursday update

SHORT TERM: stocks tick up at the open, then head downhill all day. Today was obviously sell a everything day. Everything on my monitor was in the red; Bonds, Crude, Gold, and Stocks. This morning I was expecting a small … Continue reading

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