Monthly Archives: May 2007

SHORT TERM: stocks rally after extended weekend. Hope everyone enjoyed their Memorial Day weekend. While we were closed, the Asian markets continued to move higher, with China’s SSEC and India’s BSE showing the best gains. This morning Europe was up about … Continue reading →

SHORT TERM: stocks rally early and maintain thier gains Stocks started higher this morning on overnight buying, more merger news and an oversold short term condition. The SPX posted its high for the day nearing 11:00 at 1517. As the … Continue reading →

SHORT TERM: stocks rally to start the holiday weekend Overnight the Asian markets were mixed, but Europe came in slightly higher +0.10%. Stocks opened higher on overnight buying, and an oversold momentum reading entering yesterday’s close. Thus far, the rally … Continue reading →

SHORT TERM: early market rally fizzles as stocks turn lower The market opened lower this morning, but soon rallied rather quickly as the DOW was up 100 points to a new high 13,625 right around 10:00. This morning’s positive economic … Continue reading →

SHORT TERM: a roller coaster morning Overnight the Asian markets were all lower, but loses were moderate. Europe came in about 0.15% lower as well. Stocks opened lower, following through on yesterday’s late day selling. At 8:30 April Durable goods … Continue reading →