Monthly Archives: September 2007

wednesday update

SHORT TERM: stocks rally, bounce around, but hold gains, DOW +100 The market gapped up this morning on news of a settlement with the UAW strike. Their first strike in over 30 years. The SPX rallied to 1526 within the first half hour, … Continue reading

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wednesday morning

SHORT TERM: market gaps up on GM/UAW pact, DOW +65 Overnight the Asian markets were mixed, but Europe came in 0.80% higher on the GM/UAW settlement. It was announced at 3 AM. The market gapped up on the news despite … Continue reading

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tuesday update

SHORT TERM: market recovers to close mixed, DOW +20 Stocks gapped down at the open this morning on overnight selling. By 10:00 the SPX hit support as it neared 1506, held, and then rallied. The rally was short lived as … Continue reading

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tuesday morning

SHORT TERM: stocks gap down on overseas selling, DOW -20 Overnight the Asian markets were mixed, but Europe came in nearly 1.0% lower. Selling pressure pushed the stock index futures lower entering the opening. Case-Shiller reported July housing prices dropped 4.5%, the … Continue reading

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monday update

SHORT TERM: stocks pull back to start the week, closing mixed, DOW -60 The market opened mixed this morning despite some overnight buying in the stock index futures. After touching 1522 at 10:00, the SPX rallied to resistance at 1530. Again … Continue reading

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