Monthly Archives: April 2007

monday update

SHORT TERM: market pulls back to end the month. Stocks opened lower this morning, then tried to rally through mid-afternoon. But the Techs weighed on the market and finally pulled it lower in the last two hours. Overall, April was … Continue reading

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monday morning

SHORT TERM: stocks open slightly lower on good inflation report Overnight the Asian markets were mixed, but China’s SSEC posted another all time high. Europe came in 0.55% higher, but our stock index futures were mixed going into the opening. … Continue reading

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weekend update

REVIEW: The stock market ended another good week with record highs in many of the indices, and bull market highs in the others. for the week the SPX gained 0.7%, the DOW/NAZ gained 1.2% and the NDX gained 2.4%. Bonds … Continue reading

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the SPX and Fibonacci

We spent the better part of the last year or so discussing short term and long term EW pivots points. These price pivot levels have nothing to do with fibonacci relationships. They are levels created by bull markets as they … Continue reading

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friday morning

SHORT TERM: stocks open lower on weak GDP report, but turn mixed. Overnight the Asian markets were all lower with Australia’s ASX and India’s BSE taking the biggest drops: about 1+%. Europe came in lower as well, down 0.60%. Our … Continue reading

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thursday update

SHORT TERM: stocks rally, led by the Techs, but close mixed. Stocks opened higher this morning following another blockbuster quarter reported by Apple last night. A small pullback followed until about 10:30, then the market generally edged higher for the rest … Continue reading

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thursday morning

SHORT TERM: stocks open higher but turn mixed Overnight the Asian markets were all higher, but not as strongly as one would expect considering yesterday’s rally in the US. Europe came in about 0.50% higher, which was more in line … Continue reading

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wednesday update

SHORT TERM: a very strong broad based rally today Stocks gapped up at the open this morning, pulled back until a little past 10:00, and then rallied right into the close. Today looked like the middle of a uptrend rather than … Continue reading

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Where now for the DOW?

When the DOW hit 13,000 this morning, accomplishing what many thought was not possible only a year ago. It clearly indicated its bull market will not end at this level, since the DOW is only in Intermediate wave five, of Major wave … Continue reading

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wednesday morning

SHORT TERM: DOW 13,000 another milestone for OEW Overnight the Asian markets were mixed, but Europe came in much higher – up 0.85%. At 8:30 the March durable goods orders were reported much higher than expected - up 3.4%. The stock … Continue reading

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