Monthly Archives: November 2007

friday update

SHORT TERM: market ends mixed after big gap up opening, DOW +60 The market gapped up this morning on overnight buying due to accommodative comments by FED chairman Bernanke. Within the first few minutes the SPX rallied 19 points to … Continue reading

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friday morning

SHORT TERM: market gaps up at the open on positive FED comments, DOW +125 Overnight the Asian markets were mostly higher with the exception of China’s SSEC. Europe came in +1.15% as well, as stock index futures were being bought … Continue reading

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thursday update

SHORT TERM: market ekes out a marginal gain, DOW +22 First a clarification. The housing market is certainly in a recession of paramount dimensions. Sales were up in October due to price cuts. There is an 11 month inventory of … Continue reading

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thursday morning

SHORT TERM: market opens lower after yesterday’s strong showing, DOW -40 Overnight the Asian markets were all higher following the rally in the US. Europe came in about 0.25% higher as well. Stocks opened slightly lower however, after the revised … Continue reading

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wednesday update

SHORT TERM: market soars on Kohn’s comments and beige book, DOW +331 Stocks gapped higher this morning after the vice chairman of the FED Kohn suggested that rates will not be going up anytime soon, and banks should be more accommodative … Continue reading

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wednesday morning

SHORT TERM: market gaps up at the open on strong buying in financials, DOW +180 Overnight the Asian markets were mostly lower, despite yesterday’s rally in the US. The only exception was Hong Kong’s HSI. Europe, however, came in a … Continue reading

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tuesday update

SHORT TERM: market gains in a volatile session, DOW +215 The market opened higher this morning on overnight buying hitting 1420. But was quickly sold off by the fade the gap up traders, and moved to about unchanged on the … Continue reading

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tuesday morning

SHORT TERM: market opens higher on overnight buying, DOW +70 Overnight the Asian markets were mostly lower with only Japan’s NIKK posting a gain. Europe came in down 1.25% as well, but stock index futures maintained most of their overnight … Continue reading

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monday update

SHORT TERM: post-holiday rally fails, downtrend continues, DOW -237 The market open slightly lower this morning, then rallied to the high of the day at SPX 1446 by 10:00. A selloff followed to 1430 by 11:00, then the market rallied for a … Continue reading

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monday morning

SHORT TERM: stocks open lower but rally, DOW +25 Overnight the Asian markets were mostly higher with only China’s SSEC displaying a loss. Europe started its day higher, but turned about 0.30% lower as the US markets opened. As a … Continue reading

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