Monthly Archives: July 2007

weekend update

REVIEW: After notching an all time high a week ago in both the SPX/DOW. The SPX failed several times to break through the long term EW pivot at 1553. As a result, stocks had their worse week in five years, … Continue reading

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friday update

SHORT TERM: DOW drops another 200 points on late selling The market opened mixed this morning after the Q2 GDP number was reported in line with expectations (+3.4%). However, the enthusiasm only lasted about one hour as the SPX rallied … Continue reading

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friday morning

SHORT TERM: stocks open mixed on strong Q2 GDP growth +3.4% Overnight the Asian markets tumbled, but China’s SSEC closed flat. Europe, after a volatile day of its own, came in flat as well. Stock index futures dipped lower until … Continue reading

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thursday update

SHORT TERM: nasty day as the DOW drops 300 and the SPX reverses its uptrend Stocks gapped down at the open this morning on European selling. Europe ended down 2.75% following the confirmed downtrend in the FTSE, and now the … Continue reading

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thursday morning

SHORT TERM: stocks gap down on European selloff Overnight the Asian markets were mixed, but Europe came in about 1.75% lower. Stock index futures were pressured throughout the night after rallying strongly on AAPL’s earnings report. At the open the … Continue reading

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