Monthly Archives: September 2007

weekend update

REVIEW: The market spent the week consolidating after last weeks strong gains, yet the Tech sector continued higher. The SPX gained +0.1%, the DOW +0.5%, while the NAZ gained +1.1% and the NDX rose +2.0%. Bonds gained +0.4%, Gold +0.6%, … Continue reading

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friday update

SHORT TERM: market toggles SPX 1530 all day closes lower, DOW -17 Stocks opened higher this morning as the SPX hit 1534 after closing above resistance of 1530. A pullback followed to 1525, only to be followed by another run at … Continue reading

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friday morning

SHORT TERM: stocks open slightly higher but turn lower, DOW -35 Overnight the Asian markets were mostly higher with only Japan’s NIKK lower, and the Europe markets came in mixed. The market rallied at the open after it was reported … Continue reading

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thursday update

SHORT TERM: SPX closes over 1530, DOW +35 Stocks gapped up this morning on overnight buying but didn’t get very far. The SPX hit 1532 early, pulled back to 1526, then rallied to 1532 again in the last hour of … Continue reading

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thursday morning

SHORT TERM: stocks open higher right at resistance, DOW +25 Overnight the Asian markets were all higher, with Australia’s ASX, Hong Kong’s HSI and India’s BSE all posting new highs. Europe came in about 0.60% higher as well, and the market … Continue reading

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wednesday update

SHORT TERM: stocks rally, bounce around, but hold gains, DOW +100 The market gapped up this morning on news of a settlement with the UAW strike. Their first strike in over 30 years. The SPX rallied to 1526 within the first half hour, … Continue reading

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wednesday morning

SHORT TERM: market gaps up on GM/UAW pact, DOW +65 Overnight the Asian markets were mixed, but Europe came in 0.80% higher on the GM/UAW settlement. It was announced at 3 AM. The market gapped up on the news despite … Continue reading

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tuesday update

SHORT TERM: market recovers to close mixed, DOW +20 Stocks gapped down at the open this morning on overnight selling. By 10:00 the SPX hit support as it neared 1506, held, and then rallied. The rally was short lived as … Continue reading

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tuesday morning

SHORT TERM: stocks gap down on overseas selling, DOW -20 Overnight the Asian markets were mixed, but Europe came in nearly 1.0% lower. Selling pressure pushed the stock index futures lower entering the opening. Case-Shiller reported July housing prices dropped 4.5%, the … Continue reading

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monday update

SHORT TERM: stocks pull back to start the week, closing mixed, DOW -60 The market opened mixed this morning despite some overnight buying in the stock index futures. After touching 1522 at 10:00, the SPX rallied to resistance at 1530. Again … Continue reading

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