Monthly Archives: February 2007

wednesday update

SHORT TERM: market rallies after yesterdays debacle. Stocks opened higher this morning, turned mixed, and then moved higher again. However, the trading range of the entire day occurred within the first hour or so. The NDX/NAZ made a new low … Continue reading

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wednesday morning

SHORT TERM: stocks open higher, turn mixed, then higher again Overnight the Asian markets were sharply lower responding to the selloff in Europe/USA. China’s SSEC, which started this selloff, rallied 3.9%. Europe came in 1.2% lower again, but our stock index … Continue reading

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Quick note

After updating the charts I did a little research into the past. Reviewing what I would consider the last normal bull market. The one which occurred in the 1980’s following the 1982 cycle wave low. I recalled several instances when the DOW plunged more … Continue reading

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tuesday update

SHORT TERM: stocks selloff following China and Europe’s lead. Overnight China declined nearly 9% on profit taking and fears of government intervention to slow down their booming economy. While the rest of Asia was relatively subdued, Europe dropped 2% before our market even … Continue reading

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tuesday morning

SHORT TERM: market gaps down following China/Europe Overnight the Asian markets were lower as China’s volatile SSEC dropped nearly 9%, and the other indices had just minor declines. Europe came in 2% lower, pressuring our stock index futures, and most futures … Continue reading

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monday update

SHORT TERM: stocks close lower after a positive opening Stocks opened higher this morning, but selling in the tech sector took the market lower after a few minutes into the session. Stocks continued to retreat until about 1:00, when all the … Continue reading

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monday morning

SHORT TERM: stocks open higher, but turn mixed as techs ease back Overnight the Asians markets were all higher as China’s SSEC closed over 3,000. Europe came in about 0.55% higher as well, and our stock index futures rallied into … Continue reading

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weekend update

REVIEW: markets end mixed in short trading week After a series of new highs in nearly every US stock index we follow, the market ended the week mixed. A small pullback in the cyclicals occurred, while the techs were trying to … Continue reading

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friday update

SHORT TERM: markets close slightly lower. Stocks opened lower this morning but quickly found the low for the day at around 11:00. The cyclicals retested that low at around 1:00 and then edged higher, with the techs, for the rest … Continue reading

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friday morning

SHORT TERM: stocks open lower on continued profit taking. Overnight the Asian markets were mixed. Australia’s ASX closed over 6,000 for the first time ever, Japan’s NIKK continued it rally over 18,000, but India’s BSE declined about 2%. Europe came … Continue reading

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