Monthly Archives: March 2006

wednesday morning

SHORT TERM: We have an upside gap. Overnight the foreign exchanges rallied nicely, with the ASX and BSE again making new highs.  Even Europe came in higher today +1/4%, as our Bond market opened lower. Stocks gapped up at the open, and … Continue reading

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tuesday update

SHORT TERM: Does volatility mean straight down? The stock indices did not react favorably to Ben Bernanke’s ‘"cut and paste" statement at the conclusion of the FOMC meeting today, when the FED racheted up rates another 1/4% notch to 4.75%. Here … Continue reading

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StockEWave JC Penney

Quick summary: JCP ($60.82) 3/27/06: After topping out at $75+ in 1998 it declined for over two years, hitting a low of $8+ in 2000, ending a cyclical bear market…then started its bull market from…December 2000. It initially rallied to … Continue reading

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tuesday morning

SHORT TERM: This afternoon should be volatile. A quiet night overseas as the Asian markets continued to nudge higher and Europe again came in lower: down 0.5%. Milan Italy’s MIB seems to be putting a lot of pressure on the european bourses. Our … Continue reading

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monday update

SHORT TERM: Quiet day ahead of the FOMC statements tomorrow. Stock indices opened lower and then rallied until about 9:45 AM. Made the low for the day around 12:30 PM, and that was about it for the day, except for … Continue reading

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