Monthly Archives: May 2006

REVIEW: Three day weekend almost over, back to work. For two weeks the stock indices remained unstable, and technical indicators were ignored as waves of selling hit the market nearly every day. The NDX had 12 consecutive days of lower lows, which … Continue reading →

SHORT TERM: markets have stabilzed The Asian markets were all mostly up 1.5% and Europe came in about 1.25% higher too. The rallied continued worldwide. This added to our market, as we had another gap up opening. After two weeks of an unstable "sell … Continue reading →

SHORT TERM: nice rally today afterall Stock indices gapped up at the open, then pulled back to close the gap by around 10:30AM, after that the market added to its gains most of the day and into the close. The … Continue reading →

SHORT TERM: market trying to hold on to these gains Overnight Asian markets were lower by about 1% with the SEC flat, and the BSE was up marginally. Europe came in a good 1.25% higher trying to rally off its … Continue reading →

SHORT TERM: great day for scalpers! Our stock indices opened on a gap to the downside making new lows for the decline. Then within a few minutes staged an apparent short covering rally, (see is this AM’s post), driving the … Continue reading →