Monthly Archives: March 2006

Quick Summary: Google (GOOG $388.44 3/30/06). Google went public in August 2004 in a dutch auction at $85 a share. We can count that as the beginning of its bull market, as it has done virtually nothing but go higher … Continue reading →

SHORT TERM: End of month, end of quarter. The Asian markets were generally higher overnight, and Europe came in flat to lower. Our stock indices gapped up nonetheless and appear to be trading in a narrow range thus far this morning. … Continue reading →

SHORT TERM: pullback should be over. After a very strong opening, a negative divergence again appeared between the growth group NAZ/NDX (which was making new highs for this rally), and the cyclical group SPX/DOW (which failed to do so). When combined … Continue reading →

SHORT TERM: higher early, pullback now. Overnight many of the foreign markets made new highs: Australia’s ASX, India’s BSE, Singapore’s STI and Tokyo’s Nikkei. Europe came in better than 0.50% higher. Even though our Bond market was lower, the stock indices gapped up again, as … Continue reading →

SHORT TERM: We have a couple of upside gaps: acceleration. The market opened on a gap up today and for the first time in a long time, the gap wasn’t closed, and the market just kept on rising, hitting the highs for … Continue reading →