Good morning. Happy Wednesday. Happy FOMC Day. The Asian/Pacific markets closed mixed. China dropped 1.4%, and Malaysia dropped 0.4%. New Zealand rallied 1%, and South Korea gained 0.5%. Europe currently leans to the downside. Greece is down 7.5%. Prague, Austria and Spain are down more than 1%. Stockholm is up 1.4%. Futures here in the […]
Before the Open (Jan 27)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mostly up. Japan led the way with a 1.7% gain; Australia, India, New Zealand and South Korea also did well. China dropped 0.9%. Europe is currently mostly down. Greece is down 4.5%, followed by Germany, France, Spain and Austria, which are down more than 1%. Amsterdam, Italy, […]
Before the Open (Jan 26)
Good morning. Happy Monday. Hope you had a nice weekend. The Asian/Pacific markets closed mixed. China moved up; Indonesia moved down. Australia and India were closed. Europe currently leans to the upside. Russia and Greece are down more than 1%. Switzerland is up more than 1%. Germany, Belgium, Spain, Stockholm and Prague are also doing […]
Before the Open (Jan 23)
Good morning. Happy Friday. The Asian/Pacific markets are up across-the-board. Japan, Hong Kong, Singapore, Australia, Indonesia, Malaysia and Taiwan are each up more than 1%. Europe is up across-the-board. Greece is up 6.4%, France and Germany more than 2%, Spain, Belgium, Amsterdam, Switzerland, Prague and Russia more than 1%. Futures here in the States point […]
Before the Open (Jan 22)
Good morning. Happy Thursday. The Asian/Pacific markets closed mostly up. Indonesia, Malaysia, Hong Kong, China and Taiwan did well. Europe is currently mostly up. Russia is up 2.8%, Italy 1.3% and Prague 1.2%. Spain, Austria, Stockholm and London are also doing well. Futures here in the States point towards a moderate gap up open for […]
Before the Open (Jan 21)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mostly up. China rallied 4.7%, and Hong Kong, Australia and Malaysia gained more than 1%. Europe is currently mostly down. Switzerland and Greece are down more than 2%; Germany and Austria are down 0.7-0.8%. Russia is up 1.7%. Futures here in the States point towards a gap […]
Before the Open (Jan 20)
Good morning. Happy Tuesday. Hope you had a good long weekend. The Asian/Pacific markets closed with a lean to the upside. Japan closed up 2.1%; India rallied 1.85%; China gained 1.8%, and Hong Kong, Singapore, South Korea and Taiwan also did well. Europe is currently up across the board. France, Spain, Italy, Austria and Stockholm […]
VIDEO: State of the Market
The market is confused. Lots of ups and downs…lots of gaps…lots of big range days and volatility…and of course some unexpected news from overseas. In this video, we take take a step back and see what the charts tell us.
Before the Open (Jan 16)
Good morning. Happy Friday. Happy Options Expiration Day. The Asian/Pacific markets closed mostly down. Japan, Hong Kong, South Korea and Singapore dropped more than 1%. China continues to roll; it rallied 1.2%. Europe is currently mixed. The Swiss market is down another 4.3%, and Greece is down 2.8%. Russia is up 1.6%, and Italy is […]
Ramifications of the Swiss Franc Move
The Swiss National Bank, which had previously worked tirelessly to suppress the value of its currency, the Swiss franc, decided to end the effort. The franc immediately soared 30% vs. the euro, and the Swiss stock market crashed 10%. This has many ramifications – I’m sure I’ll miss several – so let’s go through them […]