Monthly Archives: February 2008

SHORT TERM: friday’s monoline rally continues, DOW +189 Overnight the Asian markets were mostly higher, but Hong Kong and China were lower. Europe came in about 0.80% higher, and ended their day +1.50%. The US market opened mixed, and the SPX … Continue reading →

Gold has continued to uptrend for a record breaking eight months. From a downtrend low of $641 in June 2007, it just this week hit another all time high at $958. Nearly a 50% gain, during this period of the seven year … Continue reading →

REVIEW: This holiday shortened week only resulted in a continuation of the trading range established the previous week. The economic reports continued neutral to mildly negative, with the usual intermittent rumors. For the week the results display the market’s non-committment: … Continue reading →

SHORT TERM: market opens higher, trades lower, then spikes up, DOW +97 Overnight the Asian markets were all lower, but Europe came in mixed, then closed -1.10%. US stocks lacking any economic news opened a bit higher to 1348, but immediately began to head … Continue reading →

SHORT TERM: market gaps up then sells off, DOW -143 Overnight the Asian markets were all higher except China’s SSEC. Europe came in higher as well, +1.6%, but closed +0.35%. At 8:30 jobless claims were reported in line with expectations … Continue reading →