Monthly Archives: March 2007

SHORT TERM: wild day in light trading Stocks opened mixed this morning, then rallied for 15 minutes running into resistance at the SPX 1431 overhead EW pivot. As the market began to pullback reports came out of Washington that trade … Continue reading →

SHORT TERM: market opens mixed and heads higher Overnight the Asian markets were mostly higher, with only China’s SSEC declining after making successive new highs all week. Europe came in slightly higher, and the Feb PCE was reported in line … Continue reading →

SHORT TERM: stocks close higher in volatile day The market gapped up this morning on positive Q4 GDP results, but that was the high for the day. Stocks immediately began to pullback when Crude oil started to rally, and steady … Continue reading →

SHORT TERM: stocks gap up after three days of selling Overnight the Asian markets were all higher, and again China’s SSEC posted another all time high. Europe came in 0.70% higher as well. At 8:30 the Commerce dept released the … Continue reading →

SHORT TERM: stocks continue their pullback as indices close lower The market gapped down at the open today on a weaker than expected Durables goods report. Not even the FED chairman’s speech before the Senate this morning helped, as the … Continue reading →