Monthly Archives: July 2007

SHORT TERM: another volatile day, DOW +100 early, nearly -150 at the close Stocks gapped up at the opening today on European buying and a good core PCE inflation report. Consumer confidence was reported to be at its highest level since 9/11. … Continue reading →

SHORT TERM: stocks gap up on European buying Overnight most of the Asian markets were higher, with the exception Japan’s NIKK. China’s SSEC made another all time new high. Europe came in quite a bit higher, +1.9%, rebounding from oversold conditions. At … Continue reading →

SHORT TERM: market finally does rally, DOW up 90 points The market opened mixed this morning despite stable markets in Asia and Europe. Throughout the morning the SPX toggled the long term pivot at 1462. Then just before noon the SPX hit … Continue reading →

SHORT TERM: stocks open mixed on overseas buying Overnight the Asian markets all rebounded from opening lows to post modest gains. China’s SSEC posted an all time new high. Europe also opened lower, but traded 0.30% higher coming into the … Continue reading →

While the SPX/DOW have appeared to progress in a clear extending Primary wave five, the Techs have been a bit perplexing at times. It all started in the spring of 2006, when the NDX seemed to end in a fifth … Continue reading →

REVIEW: After notching an all time high a week ago in both the SPX/DOW. The SPX failed several times to break through the long term EW pivot at 1553. As a result, stocks had their worse week in five years, … Continue reading →

SHORT TERM: DOW drops another 200 points on late selling The market opened mixed this morning after the Q2 GDP number was reported in line with expectations (+3.4%). However, the enthusiasm only lasted about one hour as the SPX rallied … Continue reading →

SHORT TERM: stocks open mixed on strong Q2 GDP growth +3.4% Overnight the Asian markets tumbled, but China’s SSEC closed flat. Europe, after a volatile day of its own, came in flat as well. Stock index futures dipped lower until … Continue reading →

SHORT TERM: nasty day as the DOW drops 300 and the SPX reverses its uptrend Stocks gapped down at the open this morning on European selling. Europe ended down 2.75% following the confirmed downtrend in the FTSE, and now the … Continue reading →

SHORT TERM: stocks gap down on European selloff Overnight the Asian markets were mixed, but Europe came in about 1.75% lower. Stock index futures were pressured throughout the night after rallying strongly on AAPL’s earnings report. At the open the … Continue reading →