Monthly Archives: October 2007

wednesday update

SHORT TERM: FED cuts rates, market rallies, DOW +137 Stocks opened higher this morning on a better than expected Q3 GDP report, and ADP employment report. By noon the SPX had rallied to 1544 and went into a holding pattern … Continue reading

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wednesday morning

SHORT TERM: market gaps up on good economic reports, DOW +45 Overnight the Asian markets were mostly higher with only Hong Kong’s HSI displaying a small decline. Europe came in about 0.20% higher, and stock index futures were moderately higher … Continue reading

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tuesday update

SHORT TERM: choppy session today as Crude tanks, DOW -77 Overnight some selling pressure remained on the stock index futures in a mixed Asian session. With Europe coming in lower as well, stocks opened to the downside as the SPX … Continue reading

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tuesday morning

SHORT TERM: market starts lower as FOMC convenes, DOW -50 Overnight the Asian markets were mixed, and Europe came in about 0.50% lower. The stock index futures, which had traded lower most of the night, were not helped when Case-Shiller … Continue reading

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monday update

SHORT TERM: market rallies on FED easing possibilities, DOW +63 The market rallied to start the day as the SPX hit 1545 within the first half hour of trading. That was the high for the day. A small pullback followed … Continue reading

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monday morning

SHORT TERM: stocks rally to start FED week, DOW +45 Overnight the Asian markets were sharply higher and Europe came in about 0.70% higher as well. Stocks rallied at the open following overnight buying in the stock index futures. Within … Continue reading

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weekend update

REVIEW: The market remained under selling pressure through mid-week after last friday’s options expiration debacle. On monday the SPX hit a pullback low of 1490 (twice) before rallying into the close. After another rally into the close on tuesday, the … Continue reading

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