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Monthly Archives: August 2006
SHORT TERM: market pulls back to support in the SPX/NDX before turning higher. After a quiet open the market rallied into the 10:00 release of consumer confidence. After it was announced to be much lower than expected the market gradually pulled … Continue reading
SHORT TERM: small pullback this morning as mini wave i completed yesterday. Overnight the Asian markets were all solidly higher, and Europe even came in about 0.25% higher. Our indices opened on a quiet note and then began to rally … Continue reading
SHORT TERM: good start to a busy week. The market opened on a quiet note but started to advance shortly thereafter. It wasn’t until 2:00 that the high was put in for the day, then the market pulled back some … Continue reading
The SPX has already exceeded fridays highs, and made just new highs for the uptrend. Waiting for the NDX to catch up, it’s about 1% below its highs.