Monthly Archives: April 2007

SHORT TERM: Semiconductor rally spills over into gains for the DOW/NDX The market opened slightly higher this morning but started to pullback right from the start. At 10:00 March home sales were reported sharply lower, and the market continued lower. By 10:30, … Continue reading →

SHORT TERM: stocks open higher, then turn lower Overnight the Asian markets were mixed, but India’s BSE displayed a nice rally. Europe came in about 0.55% lower, however, our stock index futures were slightly higher as a result of some Tech … Continue reading →

SHORT TERM: market opens mixed and stays that way Stocks opened mixed this morning following friday’s option expiration. The DOW/SPX/NYA all made new bull market highs within the first hour, but could not sustain their momentum higher. After a pullback … Continue reading →

SHORT TERM: market opens mixed while posting new highs Overnight the Asian markets were marginally higher, except for China’s SSEC which posted another big gain of 3.5% as it closes in on 4,000. Europe came in slightly lower, down about 0.25%, … Continue reading →

REVIEW: An impressive week for stock markets worldwide: Australia’s ASX, Canada’s TSX and China’s SSEC made all time new highs; Germany’s DAX and England’s FTSE made new bull markets highs. In the US, the DOW/TRAN/NYA/R2K made all time new highs, and the SPX/NDX/NAZ … Continue reading →

SHORT TERM: stocks register a good week, cyclicals gain over 2% The market gapped up at the open this morning on encouragement from tech sector earnings, and a rebound overseas. Within the first few minutes of trading the SPX/DOW/NYA/NDX/NAZ/TRAN all made … Continue reading →

SHORT TERM: stocks gap up strongly on Google’s earnings and overseas buying Overnight the Asian markets recovered nicely. China’s SSEC rebounded 3.9% after yesterday’s 4.5% decline. It’s getting quite volatile, which naturally indicates that it is approaching an important top. … Continue reading →

SHORT TERM: market shrugs off overseas selling to close mixed. Stocks gapped down at the open today, as selling in China’s SSEC (-4.5%) echoed across the globe. Stocks recovered within the first few minutes of trading, and then rallied to … Continue reading →

SHORT TERM: stocks gap down on another selloff in China. Overnight China, fearing another rate increase after growth was reported at over 11% for the quarter, sold off again. At one point it was over 6% lower, but closed out the … Continue reading →

SHORT TERM: new all time highs in the DOW at 12,800+ Stocks gapped down at the opening this morning on disappointment from some Tech earnings reported after the close yesterday. Ironically, the same companies that reported yesterday "usually" report lackluster … Continue reading →