Good morning. Happy Wednesday. Happy New Years. The Asian/Pacific markets closed mixed. China rallied 2.2%; Hong Kong, India and Taiwan also did well. Japan, Indonesia and South Korea were closed. Most of Europe was closed. Greece, Amsterdam and France did well. Futures here in the States point towards an up open for the cash market.
Before the Open (Dec 30)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mostly down. Japan, Hong Kong and Australia dropped more than 1%. Indonesia did well. Europe is currently mostly down. Russia is down 3.2%; Spain, London, Germany, France, Austria, Greece, Amsterdam and Norway are down 0.8% or more. Futures here in the States point towards a moderate gap […]
Before the Open (Dec 29)
Good morning. Hope you had a good weekend. The Asian/Pacific markets closed mostly up. Hong Kong and Australia rallied more than 1%. India, New Zealand and Taiwan also did well. South Korea dropped 1%, and Japan dropped 0.5%. Europe is currently mostly down. Greece is down almost 5%; Italy is down 2.2%, Spain 2%; Austria, […]
Before the Open (Dec 26)
Good morning addicts (yes, if you’re here today, you’re an addict). Happy Friday. Merry Christmas if that’s your thing; otherwise I hope you enjoyed your day off. The Asian/Pacific markets closed up across-the-board (although some were closed). China rallied 2.8%; Malaysia and Taiwan also did well. Europe is closed today. Russia is up 1.4%. Futures […]
Before the Open (Dec 24)
Good morning. Happy Wednesday. The Asian/Pacific markets closed mostly up. China dropped 2% and India 1.1%. Japan, Taiwan, Indonesia, South Korea and Singapore did well. Half of Europe was closed today. The markets that traded were mixed. Italy and Russia moved up. France moved down. Futures here in the States point towards a positive open […]
Before the Open (Dec 23)
Good morning. Happy Tuesday. The Asian/Pacific markets closed mixed, but only China (down 3%) and Australia (down 1.1%) moved much from their unchanged levels. Europe is currently mostly up. Russia (down 2.15%) and Greece (down 1.8%) are down. Italy, Spain, Austria, Belgium, Amsterdam and France are doing well. Futures here in the States point towards […]
Before the Open (Dec 22)
Good morning. Happy Monday. Hope you had a great weekend. The Asian/Pacific markets closed mostly up. Hong Kong, Singapore, Australia, India, Malaysia and Taiwan each rallied more than 1%. Europe is currently up across-the-board. Germany, Austria, Belgium, Amsterdam, Norway and Prague are up more than 1%. Futures here in the States point towards a positive […]
VIDEO: Divergence Between Oil and Oil Stocks Helps Spot Opportunity
A development between crude oil and oil stocks formed over the last two weeks which help us spot a great trading opportunity last week. I explain in this video. (side note, while “filming,” the video automatically zoomed in and out, so the charts discussed are shown below).
Before the Open (Dec 19)
Good morning. Happy Friday. Happy Options Expiration Day. Happy last day before kids are home from school for a couple weeks. The Asian/Pacific markets posted solid, across-the-board gains. Japan and Australia rallied more than 2%; Hong Kong, China, Singapore, Korea and Taiwan moved up more than 1%. Europe is currently mixed. Russia is down almost […]
Before the Open (Dec 18)
Good morning. Happy Thursday. The Asian/Pacific markets closed mostly up. Japan rallied more than 2%; Hong Kong, India, Indonesia and Malaysia gained more than 1%; Australia, Singapore and Taiwan also did well. Europe is currently sporting huge gains. Russia is up 6.1%, followed by Norway (up 3.4%), Spain, Greece, Switzerland, Amsterdam, France and Germany (up […]