Monthly Archives: February 2006

SHORT TERM: neutral Is this such a fragile market for it to react as it did to the statements of one CFO from one high tech company: Google. It does this quite often with other tech companies too. I do not … Continue reading →

SHORT TERM: bullish The overseas markets were mixed last night, but europe was lower (1/2%) and our futures started the morning on the downside, where they left off near the close yesterday. I expected some selling this morning. But this was a … Continue reading →

SHORT TERM: bullish A nice gap up day to confirm a third wave in the NAZ/NDX, which is what one should expect in a third wave. Since this is possibly a third of a third, there should be many gap … Continue reading →

SHORT TERM: bullish Overseas markets performed well overnight setting up our futures market to open on a positive bias. We gapped up at the open, as third waves should, and then proceeded to rally right into 10 AM. At which … Continue reading →

Review: Stocks ended the shortened week mixed as the NAZ/NDX/SPX made marginal gains and the DOW declined about 1/2%. But there was plenty of excitement as the cyclical DOW/TRAN posted new highs tuesday and wednesday, along with new all time … Continue reading →

SHORT TERM: bullish An explosion at a Saudi Arabian oil refinery unsettled the markets this morning; as Crude, Gold and Bonds rallied, sending the stock index futures lower. The EW pivot support levels mentioned last night held perfectly during the wave of … Continue reading →

SHORT TERM: bullish Didn’t we see this yesterday: rally to about 2 PM, then selling into the close making it look like it was a nothing day? If you missed it, the TRAN/NYA/R2K made new all time highs today, and the … Continue reading →