Good morning. Happy Wednesday.
The Asian/Pacific markets closed mixed with an up bias. Japan gained over 2%. Europe is currently down across the board – losses are small. Futures here in the States point towards a small gap down open for the cash market, but this could easily change as there are several econ reports out before the open.
Yesterday was a very noncommittal day. Judging the intraday strength/weakness by the number of stocks that closed near their intraday high or low reveals a lack of control by both the bulls and bears. Most stocks closed near the middle of their range.
I’m seeing a lot of longer term index charts look like this…a range and current prices are at the top of the range.
And I’m seeing many shorter term index charts look like this…a big gap up Monday followed by mostly range bound movement. Yesterday’s late-day sell-off broke a short term trendline.
My bias remains to the upside, but given the extent of the move off the low and proximity to the top of the range, a little give back may be in order. More after the open.
headlines at Yahoo Finance
today’s upgrades/downgrades
this week’s Earnings Reports
this week’s Economic Numbers
0 thoughts on “Before the Open (Sep 15)”
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Hi Gang! For those of you who trade the markets, there has been a long known
fact called ‘turn around Tuesday.’ That distinction has now moved over to
Wednesday for some reason. Also, heavy selling doesn’t take place until
later on in the week. That’s when the more significant reports come
out at 8:30am eastern time. I am looking for a bounce into mid-day today. HW
Both of you are Grade A market posers.
Weintraub, nobody cares what you are long or short of, especially from someone who sells Dow 12000 T-Shirts on his website. Nobody does that if they’re highly successful in the markets.
Yep, T-shirts are a bit off topic, but he is knocking on doors. How are the T-shirt sales?
And being off topic, I’ve a covered dish social to go to this Saturday and I’m thinking, ‘Bloody Mary Salad. Celery and carrots steamed al dente (firm not crunchy) and a tomato vinaigrette dressing. I’m not sure how to make the dressing. Anybody got any good Bloody Mary ideas? Worcestershire, salt, pepper, sun dried tomatoes.
Michaels lack of sophisitication, good judgement,foresight and good old American entreprenurial spirit is greatly reflected in his naive and obtrusive comments…
Go back to your Cave and let the intelligent ones enjoy the Banter…..
Hi Neal….Really enjoy your intelligent wit & foresight on this page;So PLEASE STAY and don’t be discourage by ‘schoolboy moronic statements’ that have been displayed here today.
Wow! That’s the attitude, sulk. I agree with Michael, your posts are poser like, but I’ve learned to trust myself and double check others.
All the winers Neal, may I say that you have wonderful prose in all your entries sire!