Monthly Archives: June 2007

weekend update

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

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friday update

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

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friday morning

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

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thursday update

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

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thursday morning

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

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wednesday update

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

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wednesday morning

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

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