Monthly Archives: April 2007

thursday update

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

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thursday morning

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

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wednesday update

SHORT TERM: a very strong broad based rally today Stocks gapped up at the open this morning, pulled back until a little past 10:00, and then rallied right into the close. Today looked like the middle of a uptrend rather than … Continue reading

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Where now for the DOW?

When the DOW hit 13,000 this morning, accomplishing what many thought was not possible only a year ago. It clearly indicated its bull market will not end at this level, since the DOW is only in Intermediate wave five, of Major wave … Continue reading

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wednesday morning

SHORT TERM: DOW 13,000 another milestone for OEW Overnight the Asian markets were mixed, but Europe came in much higher – up 0.85%. At 8:30 the March durable goods orders were reported much higher than expected – up 3.4%. The stock … Continue reading

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