Before the Open (Jan 18)

Good morning. Happy Friday. Happy Options Expiration Day. The Asian/Pacific markets closed mostly up. Japan, China, Hong Kong, South Korea and the Philippines rallied more than 1%. Europe, Africa and the Middle East are currently mostly up. The UK, Denmark, France, Turkey, Germany, Finland, Norway, Spain, the Netherlands, Italy, Belgium, Austria and Sweden are up […]

Before the Open (Jan 16)

Good morning. Happy The Asian/Pacific markets closed mixed. Hong Kong, South Korea, New Zealand and Singapore posted gains; Taiwan and the Philippines closed down. Europe, Africa and the Middle East are currently mostly up. Denmark, Turkey, Finland, Kenya, Italy, Israel, Austria, Sweden, Saudi Arabia and the Czech Republic are leading; the UK is weak. Futures […]

Historically, What Is the Character of a Market Bottom

The market plunged into its December low. The S&P fell 450 points in 3 weeks, and the number of stocks trading above their 20, 50, and 200-day moving averages hit levels not seen since the Financial Crisis. Now the market is moving straight up – call it a V bottom. The S&P has recaptured almost […]