Monthly Archives: June 2006

SHORT TERM: steady selling in front of the FED meeting Stock indices opened on a positive note but made the high for the day around 10AM, after that it was pretty much all down hill from there on out. The … Continue reading →

SHORT TERM: consumer confidence up and existing home sales down Overnight the Asian indices were moderately higher, with India’s BSE posting the best gain +1%. Europe came in about unchanged and bonds rallied on the lower existing homes sales. Our … Continue reading →

SHORT TERM: a positive quiet day Stocks opened on a positive note, gapping up slightly and rallying to the highs of the day by 10:30 AM. However, the gap was closed when the market pulled back to its lows around 12:30 … Continue reading →

SHORT TERM: FED week has finally arrived. Overnight the Asian markets opened lower, but closed slightly positive with the exception of the volatile BSE which was down about 3%. Bombay’s index has remained very volatile after its recent 25% break, … Continue reading →

A LESSON from HISTORY? Was reviewing the long term charts for the four major indices this morning: DOW/SPX/NAZ/NDX. And, I continue to see striking similarities between the 1990 – 1994 time period, and our 2002 – 2006 market. I posted a DOW … Continue reading →