Monthly Archives: March 2007

SHORT TERM: stocks gap down on a weak durable goods report Overnight the Asian markets were mostly lower, and China’s SSEC posted another all time high. Europe came in 0.35% lower, and our stock index futures traded mostly lower overnight. … Continue reading →

SHORT TERM: stocks close lower ahead of Bernanke’s speech. Stocks opened lower this morning and continued to slide lower after Consumer confidence was report to have dropped, and the FED reported that subprime mortgages will continue to weigh on the … Continue reading →

SHORT TERM: stocks open lower Overnight the Asian markets were quite mixed, but again China’s SSEC made another all time new high. Europe came in about 0.35% higher, catching up to yesterday’s late rally in NY. Stocks opened lower on … Continue reading →

SHORT TERM: stocks recover after steep early loses The market opened mixed this morning, but turned lower after Feb New homes sales were reported lower than expected. By 11:00 the SPX had slipped through near term support at 1431, and … Continue reading →

SHORT TERM: stocks open mixed, but turn lower on poor new home sales Overnight the Asian markets were mostly higher. China’s SSEC made an all time new high, but India’s BSE closed over 1% lower. Europe came in about 0.1% … Continue reading →