Monthly Archives: February 2006

SHORT TERM: bullish An explosion at a Saudi Arabian oil refinery unsettled the markets this morning; as Crude, Gold and Bonds rallied, sending the stock index futures lower. The EW pivot support levels mentioned last night held perfectly during the wave of … Continue reading →

SHORT TERM: bullish Didn’t we see this yesterday: rally to about 2 PM, then selling into the close making it look like it was a nothing day? If you missed it, the TRAN/NYA/R2K made new all time highs today, and the … Continue reading →

SHORT TERM: more bullish Overnight Asia rallied but Europe came in lower, so we opened lower selling off until about 10 AM. It seemed at that point everything was for sale except GOOGle: which was probably rallying as a result … Continue reading →

SHORT TERM: getting more bullish Capitulation wednesday in the NQ (NDX) pit? I think so! The NDX ranged nearly 2% today from the early morning lows to mid afternoon highs. It didn’t hold onto all of those gains, but did … Continue reading →

SHORT TERM: moderately bullish Mixed overseas last night so the futures came in relatively flat. Which these days is good, because there was nothing to sell off. The markets chopped around for a few minutes after the open and then rallied … Continue reading →