Monthly Archives: November 2007

SHORT TERM: market opens higher on overnight buying, DOW +70 Overnight the Asian markets were mostly lower with only Japan’s NIKK posting a gain. Europe came in down 1.25% as well, but stock index futures maintained most of their overnight … Continue reading →

SHORT TERM: post-holiday rally fails, downtrend continues, DOW -237 The market open slightly lower this morning, then rallied to the high of the day at SPX 1446 by 10:00. A selloff followed to 1430 by 11:00, then the market rallied for a … Continue reading →

SHORT TERM: stocks open lower but rally, DOW +25 Overnight the Asian markets were mostly higher with only China’s SSEC displaying a loss. Europe started its day higher, but turned about 0.30% lower as the US markets opened. As a … Continue reading →

REVIEW: The market traded mostly lower for the week before the holiday, and then rallied post holiday on light volume. As a result, the potential diagonal triangle we were observing failed to hold, when the SPX dropped below 1430 on tuesday. For … Continue reading →

SHORT TERM: market rallies in holiday shortened session, DOW +182 For the past two days the Asian markets have been quite mixed, lower on thursday and higher on friday. Europe enjoyed a good two day rally without the heavy weight of the … Continue reading →

SHORT TERM: overnight selling drove the market down early, and it hardly recovered, DOW -211 Overnight the Asian markets were all lower, despite the positive close in the US yesterday. Europe was substantially lower, coming into the open down 2.5%. As a … Continue reading →

SHORT TERM: day traders delight, a roller coaster ride today, DOW +51 Overnight the SPX futures traded about 14 points higher than where they closed yesterday. Then as the market prepared to open, they were sold off to unchanged. Within … Continue reading →