Monthly Archives: April 2007

SHORT TERM: stocks gap down on disappointing earnings reports Overnight the Asian markets were all higher, and Australia’s ASX posted another all time high. Europe, however, came in about 0.50% lower. The stock index futures were pressured throughout the night as … Continue reading →

SHORT TERM: stocks open mixed and closed there. Despite positive news on the inflation front (+0.1% Core CPI), and some easing in Capacity utilization, the techs took the day off. But that didn’t stop the cyclical SPX, NYA and the … Continue reading →

Just a reminder. If you are new to this blog, or have forgotten, there is a whole series of charts covering eight US indices, many foreign indices, bonds, crude oil, euro/dollar and of course gold. But just as important, there … Continue reading →

SHORT TERM: market opens mixed as cyclicals and techs move inversely Overnight the Asian markets were mostly lower, with only China’s SSEC posting a gain. Europe came in about 0.55% lower as well, as profit taking moved across the globe. … Continue reading →

SHORT TERM: a gap up opening leads to a broadbased rally. Stocks gapped up at the open this morning on positive March Retail sales figures and strong overseas markets. By 10:00 the SPX reached its bull market high at 1462, … Continue reading →

In life, when making decisions, nothing replaces experience. In investing, when tracking a bull or bear markets, nothing replaces Objective Elliott Wave OEW. Bull and bear markets unfold in a series of waves. A true bull market impulses higher in five waves. … Continue reading →

SHORT TERM: stocks gap up on a good sales report and M & A activity Overnight the Asian markets were all substantially higher, Australia’s ASX and China’s SSEC made another all time new high. Europe came in 0.60% higher, as … Continue reading →

REVIEW: It was a choppy week for the stock market. But in the end the uptrend prevailed as the SPX/DOW rose about 0.5%, the NDX 0.2% and the NAZ 0.8%. Bonds lost ground on last friday’s strong employment report. Crude … Continue reading →

SHORT TERM: stocks rally after this morning’s tech related selling Stocks opened mixed this morning, but the tech sector quickly headed south. Apple announced last night that a delay in releasing their new operating system for the Mac was necessary … Continue reading →

SHORT TERM: market opens mixed after subdued inflation report. Overnight the Asian markets were mostly lower except for India’s BSE which had a strong rally. Europe came in about 0.25% higher, but the focus this morning was on the PPI, … Continue reading →