Monthly Archives: June 2006

SHORT TERM: core inflation up 2.1% last 12 months: still moderate Overnight the Asian markets followed NY and rallied strongly: up 2% – 3% across the board. Europe came in about 1.25% higher and our indices gapped up at the … Continue reading →

SHORT TERM: biggest one day gains since Mar/Apr 2003 As reported in last thursday’s post, and tracked on the NAZ weekly chart: Investors Intelligence reported last wednesday the lowest bullish sentiment, (very bullish), since Mar 2003. And today we get … Continue reading →

SHORT TERM: nice rally off the higher than expected first quarter GDP Overnight the Asian markets rallied across the board, and Europe came in about 1.5% higher. Our stock indices gapped up at the open, following through on yesterdays late … Continue reading →

SHORT TERM: Finally the FED will let the secret out tomorrow Stock indices opened on a positive note, but sellers moved in pushing the indices to the lows of the day by 11:30AM. The technical positive divergences kicked in, (nice … Continue reading →

SHORT TERM: FED meeting starts today Overnight the Asian markets were mostly lower, but turned around the selling, that started in NY, by time Hong Kong had closed. Europe opened higher and came in about 0.25% higher at our opening. Our stock … Continue reading →