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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friday update

SHORT TERM: market stages a broadbased rally, DOW +135 The market gapped up at the open on good earnings reports from MSFT and CFC. Within the first few minutes the SPX hit 1531, then pulled back until noon when the … Continue reading

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friday morning

SHORT TERM: market gaps up on earnings reports from MSFT/CFC, DOW +55 Overnight the Asian markets were all higher, and Europe came in higher as well. MSFT after yesterday’s close reported strong earnings. Then this morning CFC, the nations largest mortgage … Continue reading

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thursday update

SHORT TERM: stocks end choppy session slightly lower, DOW -3 The market opened mixed this morning on weak economic data to hit 1509 by 10:00. Then a better than expected housing report sent the market to 1523 within the next … Continue reading

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