Monthly Archives: August 2007

wednesday morning

SHORT TERM: stocks gap up on overseas buying Overnight the Asian markets were all lower for most of the night. When Europe opened lower, it bottomed and rallied carrying India’s BSE to a positive close. The European rally drove US … Continue reading

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tuesday update

SHORT TERM: volatility returns as the DOW finishes – 280 The market started lower right from the bell as a disappointing real estate report from Case Shiller aided the selling. Nearing 12:00 the SPX had broken through 1462 support and was … Continue reading

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tuesday morning

SHORT TERM: stocks open lower on a disappointing housing report Overnight the Asian markets were mixed, and Europe came in -0.60%. Stock index futures were lower overnight and stayed lower, when at 9:00 Case Shiller reported national housing prices had declined 3.2% … Continue reading

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monday update

SHORT TERM: stocks close lower on light volume The market opened to the downside this morning despite gains in the overseas markets. After a lackluster real estate report by the NAR at 10:00, the market bottomed around SPX 1467 just … Continue reading

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monday morning

SHORT TERM: stock open lower to start the week Overnight the Asian markets were all higher, and Europe came in about 0.25% higher as well. But from the bell stocks started lower, moderately so, as the SPX has traded down to 1471 … Continue reading

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