Oil is up almost 2 bucks and is breaking out of the little consolidation pattern we’ve been tracking. Many oil stocks are surging and busting out themselves. Here are a handful we’ve been playing.
Before the Open (Apr 29)
Good morning. Happy Wednesday. Happy Fed Day. The Asian/Pacific markets closed mostly down. Indonesia fell 2.6%, followed by Australia (down 1.7%) and Taiwan (down 1%). India, Malaysia and New Zealand were also weak. Europe is currently mostly down. Stockholm and Norway are down more than 1%; Amsterdam, Germany, France, Italy and Spain are also weak. […]
VIDEO: State of the Market
In this video I quickly check out the indexes but then dive into the breadth indicators to see what’s going on beneath the surface.
Before the Open (Apr 28)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mixed. China dropped 1.1%; Australia, South Korea and Singapore were also weak. India rallied 0.8%. Europe is mostly down. London, Germany, France, Amsterdam, Stockholm and Switzerland are all down more than 1%. Futures here in the States point towards a down open for the cash market.
Before the Open (Apr 27)
Good morning. Happy Monday. Hope you had a good weekend. The Asian/Pacific markets closed mixed. China rallied 3%, followed by Hong Kong (up 1.3%), Australia (up 0.8%) and Taiwan (up 0.6%). Indonesia fell 3.5%, and India dropped 1%. Europe is up across-the-board. Germany and Greece are up more than 1%; France, London, Amsterdam, Stockholm and […]
S&P Select – Week in Review
Per the nine S&P Select groups, this is how the market did last week.
Before the Open (Apr 24)
Good morning. Happy Friday. I hope it’s been a good week for you so far. The Asian/Pacific markets closed mixed. Australia and Taiwan rallied more than 1%; Hong Kong and Malaysia also did very well. India dropped 1.1%; Japan and South Korea were also weak. Europe is currently mostly up. Greece is up more than […]
Before the Open (Apr 23)
Good morning. Happy Thursday. The Asian/Pacific markets closed mixed. Taiwan rallied almost 2%, followed by South Korea (up 1.4%). Hong Kong, India, Malaysia and New Zealand dropped 0.4 – 0.6%. Europe is currently mostly down. Russia is down 1.8%, followed by Germany (down 1.3%), Stockholm (down 1.1%) and France (down 1%). Belgium, Amsterdam and Spain […]
PODCAST: Chat With Traders
Here’s my podcast with Chat With Traders. PODCAST: Chat With Traders
Before the Open (Apr 22)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mixed. China gained another 2.4%, followed by Japan (up 1.1%) and Taiwan and India (up 0.8% each). Australia, Indonesia, Malaysia and New Zealand dropped. Europe currently leans to the downside. Belgium, Norway, Prague and Russia are down more than 1%. Greece is up 1.3%. Futures here in […]