Monthly Archives: February 2008

SHORT TERM: market gaps down and continues lower, DOW -316 Overnight the Asian markets were lower with the only exception China’s SSEC +1.1%. Europe came in about 1.3% lower and ended their session -1.50%. At 8:30 the core PCE was … Continue reading →

SHORT TERM: stocks gap down and stay lower, DOW -112 Overnight the Asian markets were all lower, except Hong Kong which rose after tax cut rumors. Europe came in lower as well, -1.35%, and closed -1.85%. US stocks gapped down … Continue reading →

SHORT TERM: stocks end mixed after early rally, DOW +9 Overnight the Asian markets were all higher following the rally in the US yesterday. Europe, however, came in about 0.45% lower, but ended the day mixed. At 8:30 January durable goods orders … Continue reading →

SHORT TERM: more FED talk more rally, DOW +115 Overnight the Asian markets were mostly higher with only Japan displaying a loss. Europe again came in higher +0.80%, and the closed the day +1.50%, very similar to yesterdays action. US … Continue reading →

In this election year the rhetoric, and spin if you will, often compares this or that candidate to this or that president. Or, this or that party to success or failure. Naturally these comparisons, are for the most part, statements biased … Continue reading →

SHORT TERM: friday’s monoline rally continues, DOW +189 Overnight the Asian markets were mostly higher, but Hong Kong and China were lower. Europe came in about 0.80% higher, and ended their day +1.50%. The US market opened mixed, and the SPX … Continue reading →

Gold has continued to uptrend for a record breaking eight months. From a downtrend low of $641 in June 2007, it just this week hit another all time high at $958. Nearly a 50% gain, during this period of the seven year … Continue reading →

REVIEW: This holiday shortened week only resulted in a continuation of the trading range established the previous week. The economic reports continued neutral to mildly negative, with the usual intermittent rumors. For the week the results display the market’s non-committment: … Continue reading →

SHORT TERM: market opens higher, trades lower, then spikes up, DOW +97 Overnight the Asian markets were all lower, but Europe came in mixed, then closed -1.10%. US stocks lacking any economic news opened a bit higher to 1348, but immediately began to head … Continue reading →

SHORT TERM: market gaps up then sells off, DOW -143 Overnight the Asian markets were all higher except China’s SSEC. Europe came in higher as well, +1.6%, but closed +0.35%. At 8:30 jobless claims were reported in line with expectations … Continue reading →