Monthly Archives: August 2006

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. 

SHORT TERM: market rallying ahead of the slew of economic data this week. Overnight the Asian markets were mixed again, and Europe also came in about flat. Our stock indices opened quietly, but soon starting heading higher. Google of some … Continue reading →

GOOG: Continues with its upward bias consolidation, a breakout above $390 will get it going. AAPL: Remains in an uptrend and impulsing higher, a breakout above $70 is all that is required now. AMD: Remains in an uptrend and impulsing higher … Continue reading →

REVIEW: a quiet week. In the end it was a quiet week as the market consolidated after the sharp rise the week before. The SPX/DOW closed less than 1% lower and the NDX/NAZ closed a little more than 1% lower. … Continue reading →

SHORT TERM: early selling, then a rally, now pulling back Overnight the Asian markets were mixed and Europe came in about even. Our stock indices pulled back at the open for a few minutes, rallied during the FED chairman Bernanke’s speech, … Continue reading →

Was asked today why I thought this was not a bear market rally. After reinterating that there has never been a bear market rally that lasted over 2 years, all bear market rallies have been in ABC structures, and a … Continue reading →