Posted by 31 May 2007

May 31, 2007 Stock Market Recap

The indices were mixed today. Small caps and tech closed higher while the larger caps were basically flat. Volume increased across the board and I’m pretty sure that can be attributed to month-end markups games activity. Trading was choppy during the day and my guess is that’s partially due to some profit taking combined with [...]

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Posted by 31 May 2007

Watchlist for May 31, 2007

We’ve got more strength this morning as the market’s follow through on yesterday’s rally. One mover of note is Google, which has popped back over $500 and appears to be heading for its all-time high of $513. On Today’s Calendar: 9:45 — Chicago PMI 10:00 — Construction Spending 10:00 — Help-Wanted Index 10:30 — Crude [...]

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Posted by 30 May 2007

May 30 Recap: What Chinese Selloff?

You know it’s hard out here for a bear, When he tryin’ to get this money for the rent… It was a big day for the bulls today. They shook off the little pre-market China scare and proceeded to push the indices to new all-time and multi-year closing highs. Volume rose back to respectable levels [...]

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Posted by 30 May 2007

Watchlist for May 30, 2007

The indices are gapping down following the 6% drop in China’s market today. It may seem like a repeat of February but this gap isn’t nearly as bad as what happened in late February. As I’m writing this the indices are set to open within yesterday’s range. So the bears still have work to do [...]

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Posted by 29 May 2007

May 29, 2007 Stock Market Recap

Trading was quite choopy today but a late day surge brought the Dow and S&P back into positive territory. The smaller caps had good relative strength today as evidenced by the Russell 2,000′s almost 1% gain on the day. Volume was on the light side again, especially compared to the volume on Thursday’s selloff. Given [...]

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