Monthly Archives: January 2007

monday morning

SHORT TERM: stocks open mixed then start to rally Overnight the Asian markets were mixed and Europe came in about 0.25% higher. Stocks opened mixed, and after a few minutes started to rally until just past 10:00. Then some selling … Continue reading

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weekend update

REVIEW: A choppy week, as monday’s selling rebounded with new highs in the cyclicals by wednesday. But when the techs failed to follow, slightly new lows for the week were made by friday. For the week, the SPX/DOW/NAZ closed 0.6% lower, and the … Continue reading

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friday update

SHORT TERM: stocks closed mixed after testing support. The market opened higher, but quickly turned south in what appeared to be choppy trading, but clearly 5 waves down from yesterdays highs on the hourly charts. After completed that short term … Continue reading

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friday morning

SHORT TERM: market starts higher, but again turns lower. Overnight the few Asian markets that were open closed mixed, and Europe came in about unchanged. Stock index futures edged up after the Dec. Durable goods orders were announced to be +3.1%, … Continue reading

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thursday update

SHORT TERM: stocks tick up at the open, then head downhill all day. Today was obviously sell a everything day. Everything on my monitor was in the red; Bonds, Crude, Gold, and Stocks. This morning I was expecting a small … Continue reading

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