The Predictive Ability of the First Day of the Year

The S&P 500 fell 0.40% on the first trading day of the year. Not horrible, but it wasn’t overly encouraging either. After starting with a moderate gap up and pushing a little higher during the opening minutes, sellers took over and drove prices down for several hours. The indexes bottomed during lunch and then moved […]

Before the Open (Jan 3-6)

Good morning. Happy Friday. The Asian/Pacific markets leaned up. Japan, South Korea, Taiwan, Australia and Thailand did well; India, Singapore and the Philippines were weak. Europe, Africa and the Middle East currently lean up, but gains are minimal. Turkey, South Africa and Norway are doing the best. Futures in the States point towards a solid […]

Before the Open (Dec 27-30)

Good morning. Happy Friday. Last trading day of the year. The Asian/Pacific markets were mixed and quiet. China and Hong Kong moved up; India moved down. Europe, Africa and the Middle East are currently mostly down. Turkey, Russia and Greece are up; the UK, France, Germany, South Africa, Finland, Switzerland, Norway, Spain, the Netherlands, Italy, […]

Before the Open (Dec 19-23)

Good morning. Happy Friday. The Asian/Pacific markets were weak. Japan, South Korea, India and Taiwan dropped more than 1%. Europe, Africa and the Middle East are currently mixed and little changed. Austria, Sweden and the Czech Republic are up; Turkey is down. Futures in the States point towards a negative open for the cash market, […]

Before the Open (Dec 12-16)

Good morning. Happy Friday. Happy Quad Witching Day. The Asian/Pacific markets were mostly weak. Hong Kong, Malaysia and Indonesia did well, but Japan, India, Taiwan, Australia, Singapore and the Philippines were weak. Europe, Africa and the Middle East are down big. The UK, Denmark, France, Greece, South Africa, Finland, Norway, Spain, the Netherlands, Portugal, Austria […]

Before the Open (Dec 5-9)

Good morning. Happy Friday. The Asian/Pacific markets mostly did very well. Japan, Hong Kong, South Korea and Taiwan did great while India and Indonesia were weak. Europe, Africa and the Middle East are also doing well. Denmark, Turkey, Germany, South Africa, Finland, Switzerland, Hungary, the Netherlands and Sweden are leading. Forty five minutes before the […]