Monthly Archives: March 2007

friday update

SHORT TERM: wild day in light trading Stocks opened mixed this morning, then rallied for 15 minutes running into resistance at the SPX 1431 overhead EW pivot. As the market began to pullback reports came out of Washington that trade … Continue reading

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friday morning

SHORT TERM: market opens mixed and heads higher Overnight the Asian markets were mostly higher, with only China’s SSEC declining after making successive new highs all week. Europe came in slightly higher, and the Feb PCE was reported in line … Continue reading

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thursday update

SHORT TERM: stocks close higher in volatile day The market gapped up this morning on positive Q4 GDP results, but that was the high for the day. Stocks immediately began to pullback when Crude oil started to rally, and steady … Continue reading

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thursday morning

SHORT TERM: stocks gap up after three days of selling Overnight the Asian markets were all higher, and again China’s SSEC posted another all time high. Europe came in 0.70% higher as well. At 8:30 the Commerce dept released the … Continue reading

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wednesday update

SHORT TERM: stocks continue their pullback as indices close lower The market gapped down at the open today on a weaker than expected Durables goods report. Not even the FED chairman’s speech before the Senate this morning helped, as the … Continue reading

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wednesday morning

SHORT TERM: stocks gap down on a weak durable goods report Overnight the Asian markets were mostly lower, and China’s SSEC posted another all time high. Europe came in 0.35% lower, and our stock index futures traded mostly lower overnight. … Continue reading

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tuesday update

SHORT TERM: stocks close lower ahead of Bernanke’s speech. Stocks opened lower this morning and continued to slide lower after Consumer confidence was report to have dropped, and the FED reported that subprime mortgages will continue to weigh on the … Continue reading

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tuesday morning

SHORT TERM: stocks open lower Overnight the Asian markets were quite mixed, but again China’s SSEC made another all time new high. Europe came in about 0.35% higher, catching up to yesterday’s late rally in NY. Stocks opened lower on … Continue reading

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monday update

SHORT TERM: stocks recover after steep early loses The market opened mixed this morning, but turned lower after Feb New homes sales were reported lower than expected. By 11:00 the SPX had slipped through near term support at 1431, and … Continue reading

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monday morning

SHORT TERM: stocks open mixed, but turn lower on poor new home sales Overnight the Asian markets were mostly higher. China’s SSEC made an all time new high, but India’s BSE closed over 1% lower. Europe came in about 0.1% … Continue reading

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