Monthly Archives: June 2007

SHORT TERM: stocks rebound strongly after making new short term lows This morning, the market gapped down at the open, slipping through short term support at SPX 1487, to 1484. These new lows were unconfirmed by the other major indices: … Continue reading →

SHORT TERM: stocks gap down at the opening Overnight the Asian markets were significantly lower, with only China’s SSEC posting a gain. Europe came in about 1.0% lower as well, adding to the downside pressure already present by the weak Durable … Continue reading →

SHORT TERM: stocks start higher, but end slightly lower The market started off on a positive note despite reports of continued weakness in the housing sector. Nearing 10:00 the SPX tried to break through short term resistance at 1505 but … Continue reading →

SHORT TERM: stocks open higher despite weakness overseas Overnight the Asian markets were mixed and Europe came in about 0.35% lower. This morning May new home sales were reported to have declined 1.6%, and the previous three months data was … Continue reading →

SHORT TERM: another roller coaster day Stocks opened mixed this morning, then made a slightly lower low than friday, before turning higher. The SPX found support at 1498, and then rallied through the short term 1505 pivot, to top at … Continue reading →