Monthly Archives: July 2006

SHORT TERM: Second quarter GDP comes in 2.5% versus 5.6% first quarter. Overnight the Asian markets were mixed, with the NIK showing the best gains. Europe came in about flat on the day but the FTSE still over the much … Continue reading →

SHORT TERM: market pulls back after gap up opening. Stocks rallied for the first 15 minutes this morning as all the indices reached their highest levels in two weeks. Then the market pulled back throughout the day. At the close today the … Continue reading →

SHORT TERM: NDX 1500 exceeded, but another pullback Overnight the Asian markets rallied strongly and Europe came in about 1% higher. As a result we gapped up at the open. Seems nearly everyday there is a gap in one direction … Continue reading →

SHORT TERM: nice recovery today after a gap down opening. The stock indices opened sharply lower but bottomed around 11:00. After that a rally commenced, recovering all of the opening loses and turning moderately higher. At 2:30 the NDX ran … Continue reading →

SHORT TERM: good test for the market today. Overnight the Asian markets were mixed and Europe came in about 0.2% higher. Nonetheless, our stock indices gapped down on the open and proceeded lower until just before 11:00. Gap downs, during this … Continue reading →