Monthly Archives: August 2007

friday update

SHORT TERM: stocks rally as Bernanke/Bush speeches fuel the market, DOW +120 Stocks gapped up at the opening as word was leaked that the President was coming to the rescue of homeowners caught in the subprime credit crunch. By 10:00 … Continue reading

Posted in Uncategorized | 2 Comments

friday morning

SHORT TERM: today did figure to be an interesting day Overnight the Asian markets all rallied, after the news was leaked from the white house at midnight EDT, that the President was going to come to the aide of people having problems … Continue reading

Posted in Uncategorized | 3 Comments

thursday update

SHORT TERM: after a gap down opening, stocks close mixed The market gapped down at the opening this morning as the DOW lost 100 points in the first five minutes of trading. When the SPX found some support at 1451 … Continue reading

Posted in Uncategorized | 5 Comments

thursday morning

SHORT TERM: stocks gap down DOW -100 at opening, then turn mixed Overnight the Asian markets were all higher following the rallies in Europe and the US. Europe came in about 0.10% higher as wednesday’s surge began to lose some steam. At 8:30 … Continue reading

Posted in Uncategorized | 1 Comment

wednesday update

SHORT TERM: volatility continues, stocks surge DOW +247 Stocks gapped up today at the opening as a European rally sent the stock index futures higher. At the open the SPX quickly rallied to 1444, then pulled back to 1438 by 10:30. … Continue reading

Posted in Uncategorized | 9 Comments

wednesday morning

SHORT TERM: stocks gap up on overseas buying Overnight the Asian markets were all lower for most of the night. When Europe opened lower, it bottomed and rallied carrying India’s BSE to a positive close. The European rally drove US … Continue reading

Posted in Uncategorized

tuesday update

SHORT TERM: volatility returns as the DOW finishes – 280 The market started lower right from the bell as a disappointing real estate report from Case Shiller aided the selling. Nearing 12:00 the SPX had broken through 1462 support and was … Continue reading

Posted in Uncategorized | 6 Comments