Monthly Archives: April 2007

SHORT TERM: market pulls back to end the month. Stocks opened lower this morning, then tried to rally through mid-afternoon. But the Techs weighed on the market and finally pulled it lower in the last two hours. Overall, April was … Continue reading →

SHORT TERM: stocks open slightly lower on good inflation report Overnight the Asian markets were mixed, but China’s SSEC posted another all time high. Europe came in 0.55% higher, but our stock index futures were mixed going into the opening. … Continue reading →

REVIEW: The stock market ended another good week with record highs in many of the indices, and bull market highs in the others. for the week the SPX gained 0.7%, the DOW/NAZ gained 1.2% and the NDX gained 2.4%. Bonds … Continue reading →

We spent the better part of the last year or so discussing short term and long term EW pivots points. These price pivot levels have nothing to do with fibonacci relationships. They are levels created by bull markets as they … Continue reading →

SHORT TERM: stocks open lower on weak GDP report, but turn mixed. Overnight the Asian markets were all lower with Australia’s ASX and India’s BSE taking the biggest drops: about 1+%. Europe came in lower as well, down 0.60%. Our … Continue reading →

SHORT TERM: stocks rally, led by the Techs, but close mixed. Stocks opened higher this morning following another blockbuster quarter reported by Apple last night. A small pullback followed until about 10:30, then the market generally edged higher for the rest … Continue reading →

SHORT TERM: stocks open higher but turn mixed Overnight the Asian markets were all higher, but not as strongly as one would expect considering yesterday’s rally in the US. Europe came in about 0.50% higher, which was more in line … Continue reading →