Monthly Archives: May 2006

SHORT TERM: Following Europe’s lead our stock indices gapped up at the open after closing on their lows yesterday. The rally continued until about 11:30 AM and stocks eased off until the 2PM FOMC minutes were released. When the market viewed the report … Continue reading →

SHORT TERM: market continues its stability Asian markets, overnight, followed the downdraft in the U.S., selling off over 2%. The European markets opened lower, but held firm and actually turned higher by 0.5% as our stock indices were preparing to … Continue reading →

SHORT TERM: quite a pullback … 2% Stock indices gapped down on the opening, due to the selling in Europe and the negative divergences in the short term indicators. The pullback seemed to stair step it’s way down during the … Continue reading →

SHORT TERM: expected pullback Over the extended weekend Asia was marginally lower, and Europe pulled back about 0.5% on monday and an additional 1% this morning. Our index futures followed the flow from Europe which resulted in a gap down opening, and … Continue reading →

I received these questions over the weekend, and thought many may be pondering the same thing. Tony, I notice that you say "Many EWer’s continue to label this 3 1/2 year bull market as a countertrend rally within an overall … Continue reading →