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

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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

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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

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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

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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

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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

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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

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tuesday morning

SHORT TERM: stocks open lower on a disappointing housing report Overnight the Asian markets were mixed, and Europe came in -0.60%. Stock index futures were lower overnight and stayed lower, when at 9:00 Case Shiller reported national housing prices had declined 3.2% … Continue reading

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monday update

SHORT TERM: stocks close lower on light volume The market opened to the downside this morning despite gains in the overseas markets. After a lackluster real estate report by the NAR at 10:00, the market bottomed around SPX 1467 just … Continue reading

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monday morning

SHORT TERM: stock open lower to start the week Overnight the Asian markets were all higher, and Europe came in about 0.25% higher as well. But from the bell stocks started lower, moderately so, as the SPX has traded down to 1471 … Continue reading

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