Posted in Daily Comment on Aug 31st, 2007
The stock indexes rallied sharply beginning in the after hours session yesterday, with the day session today gapping up and ending about where it started, leaving small range doji bars on the QQQQ and SPY. Volume was light, as would be expected on the day before Labor Day, however, there were many intra-day swings, making it [...]
Posted in Daily Comment on Aug 30th, 2007
The stock indexes finished the session today mixed. The was an attempt at follow through from yesterday, but with the over-hyped meeting tomorrow where Bernanke will be speaking, the market chopped back and forth most of the session on light volume. The Nasdaq/QQQQ had a better day to the upside than the rest of the [...]
Posted in Daily Comment on Aug 29th, 2007
The stock indexes rebounded today, with the S&P and Dow nearly recovering all of yesterday’s drop, and the QQQQ recovering all of the drop, and actually gaining a bit from the close of Monday. The volume on the Dow and S&P ETFs were a bit lighter than the volume on the down-move, however, the volume on [...]
Posted in Daily Comment on Aug 28th, 2007
The stock indexes fell sharply today. After the indexes opened the day session with a gap down, most indexes drifted slightly lower while waiting for the FOMC minutes, then couldn’t decide whether to rally or continue dropping. It was decided in the final 45 minutes when the indexes pushed to new lows for the day [...]
Posted in Daily Comment on Aug 27th, 2007
The stock indexes were modestly lower on lighter volume today. This is not surprising since this is the last week before Labor Day, although there will be several news items that could cause large movements with many traders on vacation.
The QQQQ ran right up to the lower standard error band, with the channel looking as [...]
