Monthly Archives: June 2007

REVIEW: After another volatile week, the stock indices managed to gain slightly: SPX +0.1%, DOW +0.4%, and the NDX/NAZ +0.6%. The economic reports were mixed: housing continues to slump, core inflation remains at the 2% level, and the FED held key … Continue reading →

SHORT TERM: volatility in the forefront today again Stocks gapped up at the open on a good core PCE report, and by 10:00 the SPX made the high for the day at 1518. After putting in a slight negative RSI … Continue reading →

SHORT TERM: stocks gap up on a good core PCE number Overnight the Asian markets were mostly higher, with only China’s SSEC declining. Europe came in about flat, and the stock index futures were quiet until the core PCE number … Continue reading →

SHORT TERM: market loses its early gains after the FED statement. Stocks opened mixed this morning, and after vacillating around SPX 1505 for a couple of hours it started to move higher. Nearing the FED’s economic report card the SPX hit … Continue reading →

SHORT TERM: market opens mixed on FOMC day Overnight the Asian markets were strong, except for China’s SSEC which dropped 4%. Europe came in about 0.85% higher responding to our late afternoon rally. Stocks opened mixed after the Q1 GDP … Continue reading →

SHORT TERM: stocks rebound strongly after making new short term lows This morning, the market gapped down at the open, slipping through short term support at SPX 1487, to 1484. These new lows were unconfirmed by the other major indices: … Continue reading →

SHORT TERM: stocks gap down at the opening Overnight the Asian markets were significantly lower, with only China’s SSEC posting a gain. Europe came in about 1.0% lower as well, adding to the downside pressure already present by the weak Durable … Continue reading →

SHORT TERM: stocks start higher, but end slightly lower The market started off on a positive note despite reports of continued weakness in the housing sector. Nearing 10:00 the SPX tried to break through short term resistance at 1505 but … Continue reading →

SHORT TERM: stocks open higher despite weakness overseas Overnight the Asian markets were mixed and Europe came in about 0.35% lower. This morning May new home sales were reported to have declined 1.6%, and the previous three months data was … Continue reading →

SHORT TERM: another roller coaster day Stocks opened mixed this morning, then made a slightly lower low than friday, before turning higher. The SPX found support at 1498, and then rallied through the short term 1505 pivot, to top at … Continue reading →